ICICI Prudential Life Insurance Company Limited has introduced the ICICI Pru Sector Leaders Index Fund, a new Unit Linked Insurance Plan (ULIP) fund designed to give customers exposure to market-leading companies across more than 20 key sectors of the Indian economy. The passive fund is benchmarked to the BSE India Sector Leaders Index and seeks to provide rule-based equity participation for long-term wealth creation.
The new offering coincides with the company’s silver jubilee milestone. The fund will invest 95–100% in equities forming part of the benchmark index and up to 5% in debt and money market instruments to meet liquidity needs as mandated by regulations. The minimum investment amount starts at ₹1,000, with reinvested dividends aiding long-term fund growth. The company cautioned of potential tracking errors as regulations may restrict exact replication of index weights.
Manish Kumar, Chief Investment Officer, said the fund offers a disciplined, rule-based investment route for long-term investors looking to benefit from India’s growth potential. The fund is available under products such as ICICI Pru Signature Assure, SmartKid Assure, and SIP+ through www.iciciprulife.com
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