ICICI Prudential Life Insurance coverage, on 4 November 2025, introduced the launch of — ICICI Prudential Life BSE 500 Enhanced Worth 50 Index Fund — for traders who wish to put their cash in Unit Linked Insurance coverage Plans (ULIPs).
In keeping with the official announcement, the brand new fund goals to offer its traders with a platform which helps them take part in India’s financial progress. The mutual fund will spend money on shares that are essentially robust and are providing worth under their true potential ranges.
“We imagine, the ICICI Prudential Life BSE 500 Enhanced Worth 50 Index Fund will allow our clients to systematically save. Wealth creation is a long-term course of and ULIPs, by design are perfect for this as they nudge clients to have a semi-forced self-discipline to investing,” mentioned Manish Kumar, the Chief Funding Officer (CIO) of ICICI Prudential Life Insurance coverage.
Kumar additionally really useful that the index fund is good for individuals who wish to make investments with a long-term purpose, like their retirement planning or their kids’s training.
How will the fund generate returns?
The brand new ICICI Prudential Life BSE 500 Enhanced Worth 50 Index Fund will mirror the returns generated by the BSE 500 Enhanced Worth 50 Index. This index tracks 50 corporations that are chosen via funding parameters like earnings, guide worth and gross sales relative to cost.
“The fund’s goal is to seize funding alternatives in essentially robust however quickly undervalued corporations, enabling clients to learn as these shares transfer in the direction of their honest valuations over time,” the corporate mentioned in its official announcement.
The submitting knowledge additionally confirmed that over time, the BSE 500 Enhanced Worth 50 Index has generated ‘resilient efficiency,’ which highlighted a long-term potential for a disciplined worth funding technique.
What’s an index fund?
An index fund is a sort of mutual fund which invests in the identical shares because the benchmark index it’s based mostly on, on this case, the BSE 500 Enhanced Worth 50 Index.
An index fund is a passively managed mutual fund which mandates that the fund supervisor will make investments solely in the identical shares because the underlying index in the identical proportion with out altering the composition of the holdings.
In keeping with the official announcement, the ICICI Prudential Life BSE 500 Enhanced Worth 50 Index Fund follows a ‘systematic, rule-based funding course of.’
The fund shall be reconstituted on a quarterly foundation to make sure that the returns are aligned with the evolving worth funding alternatives throughout the large-cap, mid-cap and small-cap segments.
“It will enable clients to entry a diversified portfolio with minimal effort and low monitoring error,” mentioned ICICI Prudential in its announcement on Tuesday.
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Disclaimer: The views and proposals expressed are these of particular person analysts or broking companies, not Mint. Investments in mutual funds like index funds and different devices are topic to market dangers. Previous efficiency doesn’t assure future returns. Buyers ought to fastidiously assess dangers and seek the advice of a licensed monetary advisor earlier than investing their cash in these property.
