Bhopal: ICICI Prudential Life Insurance Company Limited has announced the launch of the ICICI Pru Sector Leaders Index Fund, a new offering under its popular Unit Linked Insurance Plans (ULIPs). The fund aims to provide investors with a ready-made equity portfolio that offers exposure to leading companies across more than 20 key sectors of the Indian economy.
Designed for investors who prefer a simple, rule-based approach to equity investing, the new fund eliminates the need for individual stock selection while enabling participation in market-leading companies. It is positioned as a suitable option for long-term core equity allocation, offering sector diversification with a bias towards established leaders across industries.
The ICICI Pru Sector Leaders Index Fund is a passive, index-based fund that tracks the BSE India Sector Leaders Index. As per regulatory norms, there may be instances where the fund may not be able to invest in all index constituents strictly in line with index weights, which could result in tracking error. Dividends received under the fund will be reinvested, supporting long-term wealth creation for policyholders. The fund has been launched to commemorate the company’s 25th anniversary and is now open for investment.
Under its investment strategy, the fund will allocate 95–100 per cent of its assets to equity stocks that are part of the BSE India Sector Leaders Index. Up to 5 per cent of the assets may be invested in debt and money market instruments, including debt mutual fund units, to meet liquidity requirements as per regulations. The minimum investment amount is ₹1,000, with provisions for additional investments, subject to applicable stamp duty.
Commenting on the launch, Mr Manish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance Company Limited, said the fund offers investors an effective way to benefit from India’s long-term growth potential through a disciplined investment approach. He noted that bringing together market-leading companies from over 20 sectors into a single, rule-based portfolio removes the complexity of stock selection while providing diversified exposure to some of the most influential companies in the economy.
“At a time when markets are witnessing rapid sectoral shifts and volatility, an index-based approach helps keep the investment process transparent, disciplined, and stable. Over the long term, equities have the potential to deliver returns that beat inflation, and this fund can serve as a strong core equity allocation for long-term investors,” he added.
The company highlighted that the inherent design of unit-linked products supports long-term wealth creation while offering a cost-effective and tax-efficient route to meeting key life goals such as retirement planning and funding children’s education.
The ICICI Pru Sector Leaders Index Fund is available across several popular ULIP products, including ICICI Pru Signature Assure, SmartKid Assure, and ICICI Pru Smart Insurance Plan Plus (SIP+), among others. Investors can access the fund through the company’s official website, www.iciciprulife.com.
