ICICI Prudential Life Insurance Company Limited announced the launch of the ICICI Pru Sector Leaders Index Fund, expanding its Unit Linked Insurance Plan (ULIP) offerings. The new fund seeks to provide customers exposure to leading companies across more than 20 key sectors of the Indian economy, offering a rule-based, passive investment route to long-term wealth creation.
The fund tracks the BSE India Sector Leaders Index and will invest 95–100% of assets in index constituents, with up to 5% allocated to debt and money market instruments to meet liquidity needs mandated by regulation. The minimum investment amount is ₹1,000 with reinvestment of dividends to enhance fund value over time. ICICI Prudential Life noted that regulatory restrictions could lead to tracking error in matching index weights. The launch aligns with the insurer’s silver jubilee milestone.
Chief Investment Officer Manish Kumar said the fund is designed to provide clarity, discipline and consistency, enabling investors to leverage India’s growth potential. The fund is available under select ULIPs including Signature Assure, SmartKid Assure and SIP+, with product details accessible at www.iciciprulife.com
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