The fund will invest in 50 companies selected from the BSE 500 universe and track the ICICI Pru BSE 500 Momentum Value 50 Customized Index.
How the strategy works
The index combines two investment factors—value and momentum. It aims to select companies that score favourably on valuation parameters while also showing positive price momentum.
The approach is rules-based, with the portfolio reviewed every quarter. This allows the stock selection to be refreshed based on changes in valuations and market trends.
If a stock cannot be included because of regulatory requirements, the next eligible stock will be considered to maintain a 50-stock portfolio, the company said.
The fund is available through select ULIP products, including ICICI Pru SmartKid Assure, ICICI Pru Signature Assure, ICICI Pru Signature Online and ICICI Pru Smart Insurance Plan Plus along with Life Cover.
The insurer reported an asset under management of ₹3.34 lakh crore as of June 30, 2026.Since the fund is offered through ULIPs, returns will be linked to the performance of the underlying investments and are subject to market risk. Unlike a traditional guaranteed insurance product, the investment component of a ULIP does not assure a fixed return.
