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ICICI Prudential Life Insurance Company has announced the launch of the ICICI Pru Sector Leaders Index Fund, a new passive equity fund offered under its unit-linked insurance plans (ULIPs).
The fund aims to provide investors exposure to market-leading companies across more than 20 key sectors of the Indian economy through a single, rule-based portfolio. It is benchmarked to the BSE India Sector Leaders Index and is designed for customers seeking a passive approach to long-term equity investing without selecting individual stocks.
The ICICI Pru Sector Leaders Index Fund will invest 95–100% of its assets in equities that are constituents of the benchmark index, while up to 5% may be allocated to debt and money market instruments to meet liquidity requirements, in line with regulatory norms.
Dividends received under the fund will be reinvested.
The minimum investment amount is ₹1,000, with additional investments permitted as per applicable regulations.
As an index-based offering, the fund seeks to replicate the performance of the BSE India Sector Leaders Index, though regulatory constraints may lead to deviations in constituent weights and result in tracking error. The fund is currently open for investment and is available through select ULIP products offered by ICICI Prudential Life.
Commenting on the launch, Manish Kumar, Chief Investment Officer at ICICI Prudential Life Insurance, said the fund is intended to offer investors a structured and diversified way to participate in India’s long-term growth by investing in sector-leading companies. He added that the index-led approach is designed to provide discipline and consistency, particularly during periods of market volatility.
ICICI Prudential Life said the new fund is available across several of its ULIPs, including ICICI Pru Signature Assure, Smartkid Assure and ICICI Pru Smart Insurance Plan Plus (SIP+), among others.
ICICI Prudential Life Insurance Company is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. As of September 30, 2025, the company reported assets under management of ₹3.21 lakh crore and a total in-force sum assured of ₹42.16 lakh crore.
The fund aims to provide investors exposure to market-leading companies across more than 20 key sectors of the Indian economy through a single, rule-based portfolio. It is benchmarked to the BSE India Sector Leaders Index and is designed for customers seeking a passive approach to long-term equity investing without selecting individual stocks.
The ICICI Pru Sector Leaders Index Fund will invest 95–100% of its assets in equities that are constituents of the benchmark index, while up to 5% may be allocated to debt and money market instruments to meet liquidity requirements, in line with regulatory norms.
Dividends received under the fund will be reinvested.
The minimum investment amount is ₹1,000, with additional investments permitted as per applicable regulations.
As an index-based offering, the fund seeks to replicate the performance of the BSE India Sector Leaders Index, though regulatory constraints may lead to deviations in constituent weights and result in tracking error. The fund is currently open for investment and is available through select ULIP products offered by ICICI Prudential Life.
Commenting on the launch, Manish Kumar, Chief Investment Officer at ICICI Prudential Life Insurance, said the fund is intended to offer investors a structured and diversified way to participate in India’s long-term growth by investing in sector-leading companies. He added that the index-led approach is designed to provide discipline and consistency, particularly during periods of market volatility.
ICICI Prudential Life said the new fund is available across several of its ULIPs, including ICICI Pru Signature Assure, Smartkid Assure and ICICI Pru Smart Insurance Plan Plus (SIP+), among others.
ICICI Prudential Life Insurance Company is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. As of September 30, 2025, the company reported assets under management of ₹3.21 lakh crore and a total in-force sum assured of ₹42.16 lakh crore.
