ICICI Prudential Life Insurance has announced the launch of the ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund, a new value-plus-momentum investment option designed to offer customers long-term equity opportunities through select unit-linked insurance plans (ULIPs).
The fund will provide exposure to a diversified basket of 50 companies selected from the broad BSE 500 universe and follow the ICICI Pru BSE 500 Momentum Value 50 Customized Index. Its rules-based approach combines attractive valuations with positive price momentum, while the portfolio will be reviewed quarterly to respond to changing market valuations and trends. In cases where a stock cannot be selected due to regulatory guidelines, subsequent eligible stocks will be included to maintain a 50-stock portfolio.
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.”
He added, “While attractive valuations can provide valuation comfort, positive momentum can indicate growing market confidence.”
The fund will be available through ICICI Pru Smart Kid Assure, Signature Assure, Signature Online and Smart Insurance Plan Plus. The company reported a 99.3% claim settlement ratio in Q1 FY2027, with a one-day average turnaround time for non-investigated individual claims. As of June 30, 2026, its AUM stood at Rs. 3.34 lakh crore, with zero NPAs since inception. Its board has also approved a proposal to rename the company as ICICI Life Insurance Limited, subject to necessary approvals.