ICICI Prudential Life Insurance Company Limited has launched the ICICI Pru Sector Leaders Index Fund under its Unit Linked Insurance Plans (ULIPs), offering investors exposure to leading companies across more than 20 core sectors of the Indian economy. The passive Index Fund tracks the BSE India Sector Leaders Index and aims to provide rule-based equity allocation for wealth creation over the long term.
The new fund invests 95–100% of assets in equities forming part of the benchmark index, while up to 5% may be parked in debt and money market instruments to meet liquidity requirements. A minimum investment of ₹1,000 applies, with additional contributions permitted subject to stamp duty. Dividends will be reinvested to boost long-term value. The insurer noted potential tracking errors due to regulatory restrictions on replicating index weightings. The launch coincides with ICICI Prudential Life completing 25 years of operations.
CIO Manish Kumar said the fund enables disciplined wealth building by leveraging India’s growth potential while simplifying equity investments. The fund is available with ULIPs including Signature Assure, SmartKid Assure and SIP+ via the company’s website.
