Home / Business and Economy / ICICI Pru ULIPs Invests in India's Growth Leaders
ICICI Pru ULIPs Invests in India's Growth Leaders
27 Dec
Summary
- Fund offers passive exposure to market leaders across 20+ sectors.
- Targets long-term investors with diversification and a rule-based approach.
- Invests 95-100% in equities tracking the BSE India Sector Leaders Index.
ICICI Prudential Life Insurance has introduced the ICICI Prudential Sector Leaders Index Fund, a new option within its Unit Linked Insurance Plans (ULIPs). This fund provides investors with passive exposure to prominent companies spanning over 20 key sectors of the Indian economy. It is designed for those who prefer a straightforward, rule-based method for long-term equity investments.
The fund tracks the BSE India Sector Leaders Index, investing 95-100% of its assets in the constituent equities, with a small allocation to debt instruments for liquidity. This approach aims to offer broad sector diversification and focus on established market leaders. The fund is currently open for investment.
Manish Kumar, Chief Investment Officer, highlighted that the fund simplifies wealth creation by investing in sector-defining companies. This index-led strategy provides clarity and discipline, leveraging India's long-term growth potential for investors seeking inflation-beating returns through a cost-efficient, structured equity allocation within ULIPs.
