of real estate companies or nbfcs he says that the fund manager can build a special portfolio for him which keeps away these two asset classes and only invests in instruments like certificates of deposits from banks other fund managers say that such customised fmps having a conservative focus are getting popular with corporate investors the cultural community in engaging in these new markets will be interesting he said noting recent projects by frances louvre and the guggenheim in abu dhabithe great challenge for the arts world is to attract this enormous wealth paid to insurance agents selling ulips and other traditional products sebi on the other hand has capped the expenses of the mutual fund industry until now high returns from stock markets made it possible for insurers to generate great returns despite hefty commissions but that has changed nowpremium from new policies 85 of which were ulips sold to individuals in the apriljuly 2008 period amounted to rs 16031 crore as against rs 16631 crore in the same period last fiscal while the sale of single premium policies dropped by around 20 premiums from ulips grew by around 8