ICICI Life Insurance has introduced the ICICI Life BSE 500 Momentum Quality 50 Index Fund, a new equity investment option under most of its unit-linked insurance plans (ULIPs), using a factor-based investment approach to identify companies with strong financial fundamentals and consistent share-price growth.
The fund will invest in 50 companies selected from the BSE 500 universe through a combination of two investment factors: momentum and quality. Its selection framework evaluates corporate financial health using parameters such as Return on Equity, Debt to Equity and Earnings per Share, alongside stock-price performance over the preceding 12 months. The portfolio will be rebalanced quarterly to adapt to evolving business fundamentals and market opportunities.
Commenting on the launch, Manish Kumar, Chief Investment Officer, ICICI Life Insurance, said, “ICICI Life BSE 500 Momentum Quality 50 Index Fund offers investors an effective way to build long-term wealth by tracking companies with high-quality businesses, strong earnings visibility and steady share-price momentum.”
As of September 30, 2026, the underlying index had generated returns of up to 23.7% over seven years, potentially growing an investment of Rs 1 lakh to Rs 4.4 lakh. The company said the product supports its focus on long-term investing while helping customers navigate market fluctuations and build financial security for their families.
ICICI Life reported a claim settlement ratio of 99.3% in H1-FY2027, with an average turnaround time of 1.1 days for non-investigated claims.
The fund will be available with most ULIPs, including ICICI Life Protect N Gain, Signature Assure, Signature, Platinum and Wealth Elite Pro, along with life cover, through www.icicilife.com.