ICICI Prudential Life has launched the ICICI Pru Sector Leaders Index Fund as part of its ULIP portfolio. It tracks the BSE India Sector Leaders Index for diversified equity exposure. The minimum investment amount is ₹1,000.
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ICICI Prudential Life Insurance Company Limited has launched the ICICIPru Sector Leaders Index Fund as part of its popular Unit Linked Insurance Plan (ULIP). This fund aims to provide customers with the opportunity to invest in leading companies across over 20 key sectors of the Indian economy. It is designed based on the BSE India Sector Leaders Index. It is designed for customers who wish to adopt a passive approach to long-term equity investing without having to select individual stocks.
The ICICI Pru Sector Leaders Index Fund will invest 95–100% of its assets in equities that are part of the benchmark index. In accordance with regulatory requirements, up to 5% can be invested in debt funds and money market instruments to meet liquidity needs. Investments can begin with a minimum of ₹1,000, subject to applicable stamp duty (if any). Dividends received under the fund will be reinvested.
You can invest now.
This fund is currently open for investment. It is available through select ULIP products offered by ICICI Prudential Life. It tracks the BSE India Sector Leaders Index. It is possible that, due to changes in regulations, the fund may not invest in all stocks according to their weightings in the index from time to time. Therefore, tracking may occur. Speaking at the launch, Manish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance, said that the objective of the ICICI Prudential Sector Leaders Index Fund is to provide investors with a structured and diversified way to participate in India’s long-term growth by investing in sector-leading companies.
This fund will invest in companies that define leadership across diverse sectors. By bringing together leading companies from over 20 sectors into a single, rules-based portfolio, index funds aim to eliminate the complexity of stock selection and provide diversified investment opportunities in the economy’s most influential businesses.
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+). ICICI Pru Sector Leaders Index Fund is available across some of the company’s popular ULIPs such as ICICI Pru Signature Assure, SmartKid Assure, ICICI Pru Signature Assure, ICICI Pru Smart Insurance Plan Plus (SIP+) and other ULIP products available on www.iciciprulife.com.
Learn what an NFO is.
A new mutual fund scheme is opened to investors for the first time through an NFO, or New Fund Offer. At this time, a unit is typically issued at a fixed NAV of ₹10. After the NFO ends, this NAV begins to fluctuate based on market fluctuations.
Disclaimer: This article is for informational purposes only. Mint Hindi encourages its readers to consult certified experts before making any investment. Mint Hindi is not responsible for your investment or its results.
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