Chennai, August 19, 2026: The Company has launched the ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund, a value-plus-momentum investment option that offers customers access to long-term equity opportunities through select unit-linked insurance plans (ULIPs).
Commenting on the launch, Mr. Manish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance, said, “The BSE 500 Momentum Value 50 Index Fund has been designed to provide customers with access to a disciplined and transparent investment strategy that brings together two important investment factors, value and momentum. While attractive valuations can provide valuation comfort, positive momentum can indicate growing market confidence. Combining these factors enables the strategy to identify companies that demonstrate strength on both parameters, helping investors participate in emerging opportunities while maintaining a focus on valuations.
The strategy follows a systematic approach and is reviewed every quarter, allowing the portfolio to evolve with changing market valuations and trends. We believe this approach can provide customers with a differentiated way to participate in long-term equity growth while maintaining investment discipline.”
The fund provides customers with exposure to a diversified basket of 50 companies selected from the broad BSE 500 universe and will follow the ICICI Pru BSE 500 Momentum Value 50 Customized Index. In case a stock cannot be selected due to regulatory guidelines, the subsequent eligible stock(s) will be selected to maintain a cohort of 50 stocks. Its rules-based approach enables the portfolio to be refreshed periodically as market valuations and trends evolve, providing customers with a transparent and systematic investment framework.
Furthermore, the Company’s claim settlement ratio of 99.3% in Q1-FY2027, with an average turnaround time of just 1 day for non-investigated individual claims reflects its commitment to fulfilling the promise made to its customers and their families. At June 30, 2026, the Company had an Asset Under Management of Rs. 3.34 lakh crore and has zero Non-Performing Assets (NPA) since inception, indicating a high quality of the asset book.
The ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund will be available through ICICI Prudential Life’s ULIP offerings such as ICICI Pru SmartKid Assure, ICICI Pru Signature Assure, ICICI Pru Signature Online and ICICI Pru Smart Insurance Plan Plus along with Life Cover, available on www.iciciprulife.com.
