ICICI Prudential Life Smallcap 250 Index Fund to tap India’s growth stocks

ICICI Prudential Life Insurance has launched the ICICI Prudential Life Smallcap 250 Index Fund under its Unit Linked Insurance Plans (ULIPs). The fund enables customers to participate in a broad basket of emerging listed companies and build wealth over the long term through a disciplined, index-based approach.
The fund tracks the Nifty Smallcap 250 Index, which comprises 250 companies ranked 251st to 500th in the Nifty 500 universe. However, regulations may prevent the company from investing in all index constituents in line with their weights from time to time, potentially resulting in tracking error.
This fund provides exposure to an array of smaller listed businesses at the early stages of their growth journey, with strong potential to scale over time. Commenting on the launch, Manish Kumar, Chief Investment Officer at ICICI Prudential Life Insurance Company Limited, said: “The Smallcap 250 Index Fund offers customers a simple, transparent way to tap into the growth potential of emerging companies and build long-term wealth. It suits investors seeking structured exposure to such firms across diverse market sectors.
“The rule-based approach ensures diversification across a wide set of businesses while staying disciplined and benchmark-aligned. Notably, the fund spans 250 emerging companies in sectors including financial services, healthcare, and capital goods, among others—allowing investors to gain exposure to multiple economic growth stories through a single product.”











