ICICI Prudential Life Insurance has launched the BSE 500 Momentum Value 50 Index Fund, expanding its investment offerings with a value-plus-momentum strategy aimed at providing customers access to long-term equity opportunities through select unit-linked insurance plans (ULIPs).
The fund will offer exposure to a diversified portfolio of 50 companies selected from the broader BSE 500 universe and will follow the ICICI Pru BSE 500 Momentum Value 50 Customized Index. The rules-based strategy combines attractive valuations with positive price momentum, while the portfolio will be reviewed quarterly to reflect changing market valuations and trends.
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. Combining these factors enables the strategy to identify companies that demonstrate strength on both parameters.”
The fund will be available through ULIP offerings including ICICI Pru Smart Kid Assure, Signature Assure, Signature Online and Smart Insurance Plan Plus.
The company reported a 99.3% claim settlement ratio in the first quarter of FY2027 and had assets under management of Rs. 3.34 lakh crore as of June 30, 2026. Its board has also approved a proposal to rename the company ICICI Life Insurance Limited, subject to regulatory approvals.