1 week ago
ICICI Prudential Launches BSE 500 Momentum Value Fund
ICICI Prudential Life Insurance has launched a new investment fund.
The fund is called the BSE 500 Momentum Value 50 Index Fund.
It combines two investment ideas: value and momentum.
The fund is designed to give customers access to long-term equity opportunities.
Customers can access it through certain unit-linked insurance plans.
The company says the strategy follows a disciplined approach.
It also says the approach is transparent.
Manish Kumar, the company’s chief investment officer, announced the fund’s investment purpose.
ICICI Prudential Life Insurance launched the BSE 500 Momentum Value 50 Index Fund.
The fund combines value and momentum investment strategies.
It offers customers access to long-term equity opportunities.
The investment option is available through select unit-linked insurance plans.
Chief Investment Officer Manish Kumar said the strategy is disciplined and transparent.
- Who
- ICICI Prudential Life Insurance launched the fund, with comments from Chief Investment Officer Manish Kumar.
- What
- The company launched the ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund.
- Where
- The announcement was reported from Hyderabad.
- When
- Why
- The fund was designed to provide customers with access to long-term equity opportunities through select unit-linked insurance plans.
Key facts
- Company
- ICICI Prudential Life Insurance
- Fund
- ICICI Prudential Life BSE 500 Momentum Value 50 Index Fund
- Investment approach
- Value-plus-momentum
- Access
- Available through select unit-linked insurance plans
- Investment objective
- Access to long-term equity opportunities
- Company spokesperson
- Manish Kumar, Chief Investment Officer
- Stated strategy
- Disciplined and transparent
Quotes
Manish Kumar
Chief Investment Officer of ICICI Prudential Life Insurance
“The BSE 500 Momentum Value 50 Index Fund has been designed to provide customers with access to a disciplined and transparent investment strategy.”
thehansindia.com
Sources
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