Shares of Aditya Birla Sun Life, meanwhile, were down 1 per cent to Rs 569 in the intra-day trade.
In addition, insurance products such as unit-linked investment products, which provide dual benefits of protection and long-term savings, are competing for market share,” HDFC Securities had said in an IPO note.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.