The ICICI Pru Pension India Consumption Fund is a newly launched thematic equity pension fund by ICICI Prudential Life. Available through a limited-period New Fund Offer (NFO) from 17th to 31st July 2025, this fund is designed to help investors build a long-term, market-linked retirement corpus by tapping into one of India’s most powerful economic sectors, i.e. consumption. This fund offers a timely opportunity to invest in high-growth, consumption-driven sectors while enjoying the tax benefits and flexibility of a pension plan.
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Plans starting from₹1000/month
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
The ICICI Pru Pension India Consumption Fund is a New Fund Offer (NFO) launched under the ICICI Prudential Signature Pension Plan, available from 17th July to 31st July 2025. It is a thematic equity pension fund that aims to capitalise on India's fast-growing consumer economy by investing in companies expected to benefit from rising household consumption.
Structured to help individuals build a market-linked, tax-efficient retirement corpus, this fund focuses on long-term growth by investing in consumption-oriented sectors like FMCG, automobiles, healthcare, retail, travel, and financial services. It is managed by experienced professionals and is ideal for investors looking to ride the wave of India's economic transformation while retirement planning.
Highlights of ICICI Pru Pension India Consumption Fund
Particulars
Details
Risk Profile
High
NFO Launch Date
17th July 2025
NFO Duration
17th to 31st July 2025
Current NAV
₹10
Minimum Investment
₹2,000 per month
Reasons Why You Should Invest in ICICI Pru Pension India Consumption Fund
Benefit from India's Consumption Boom The fund gives investors direct exposure to sectors driven by rising consumer spending, a trend strongly supported by the 2025 Budget.
Limited-Time NFO at ₹10 NAV The fund is available only during the NFO period (17th-31st July), allowing investors to enter at a low NAV and maximise future gains.
Tax-Efficient Retirement Planning Under the Signature Pension structure, investors can enjoy tax-free withdrawals up to 60% of their corpus and use the rest for annuity income.
Affordable & Flexible Entry Start with premiums as low as ₹3,000/month, and flexible terms including a minimum vesting age of 45 and policy term of 15 years.
Strong Fund Management Track Record ICICI Prudential's pension funds have consistently delivered 5-year returns between 19%-25.4%, outperforming benchmarks.
India's Consumption Story
India is undergoing a historic shift in its economic structure, driven by rising private consumption:
Private consumption is at a two-decade high, now contributing nearly 60% to the country's GDP.
The 2025 Union Budget has released ₹1 lakh crore back into the hands of taxpayers by making income up to ₹12 lakh tax-free.
Disposable incomes are rising, especially among the younger working population.
With improved urbanisation, digital adoption, and a growing middle class, India is on its way to becoming the world's consumption capital.
This sets the stage for long-term growth in consumer-facing businesses, and the ICICI Pru Consumption Pension Fund aims to capture that momentum.
Why Should You Invest in Consumption Funds in 2025?
2025 is an ideal year to invest in consumption-themed funds for several reasons:
Macro-Level Support Budget 2025 is designed to stimulate demand by increasing disposable income, especially among middle-income earners.
Market Momentum In Q1 FY 2025-26, consumption-linked indices have already shown positive movements, indicating strong investor sentiment in this space.
Rising Urban & Rural Demand From online retail and fintech to healthcare and FMCG, demand is rising across both urban and rural India.
Stable, High-Growth Sectors Consumption-driven sectors are resilient to downturns, have recurring revenue models, and are often underpenetrated, providing room for growth.
Early Mover Advantage Investing during an NFO allows you to enter early in the cycle before valuations catch up with earnings.
The Power of ICICI Prudential and Signature Pension
Combining the strength of India's largest private life insurer and its flagship pension product, here's why this partnership stands out:
Trusted Brand: ICICI Prudential Life has ₹3.1 lakh crore in AUM as of March 2025, showcasing scale and experience.
Proven Fund Performance: Past pension fund launches (like India Growth Fund) delivered returns as high as 25.4% over 5 years.
Innovative Product Design: Signature Pension now includes enhancements like Return of Charges, partial withdrawals, and non-medical issuance.
Customer-Centric Changes: Based on feedback, the plan now allows lower premiums, shorter policy terms, and earlier vesting age.
Digital Convenience: From website walkthroughs to paperless issuance, ICICI Pru ensures a seamless investment experience.
Key Features of Signature Pension
The ICICI Pru Consumption Fund comes under the umbrella of the Signature Pension Plan, which has several advantages:
Return of Charges
All deductions like premium allocation, policy administration, and mortality charges are returned on maturity, making this pension plan more cost-efficient.
Low Entry Barrier
Minimum Premium: ₹3,000/month
Minimum Policy Term: 15 years
Minimum Vesting Age: 45 years
This flexibility encourages early retirement planning, especially for young investors.
Partial Withdrawals
You can withdraw up to 25% of the corpus, up to three times during the policy term, for non-retirement needs be it a medical emergency or child's education.
Tax Efficiency
60% of the corpus can be withdrawn tax-free at vesting
The remaining 40% can be used to buy an annuity, ensuring steady post-retirement income
How to Buy ICICI Pru Pension India Consumption Fund from Policybazaar?
To buy the ICICI Pru Pension India Consumption Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started. Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking view plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with ICICI Pru Life Investment Plans on a blue and red card. Select the ICICI Pru Pension India Consumption Fund option that best suits your needs.
Step 5: In the ICICI Pru Pension India Consumption Fund, click the "Get Details" tab for more information.
You can also get FREE expert consultation; just click on the talk to an expert button.
Step 6: Review plan details carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred payment method for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.
What are the Benefits of Purchasing the ICICI Pru Pension India Consumption Fund from Policybazaar?
Investing through Policybazaar offers a range of valuable benefits:
Convenience: Invest online in the ICICI Pru Pension India Consumption Fund via Policybazaar to avoid physical bank or agent visits.
Comparison: Compare multiple investment plans, including new funds, to make informed decisions and find the best market deals.
Expert Guidance: Access financial experts who help select the right NFO plan based on your needs and goals.
Tax Benefits: Maximize tax advantages under Section 80C and Section 10(10D) of the Income Tax Act through investments with Policybazaar.
FAQs
Why is consumption considered key to India's growth story?
Private consumption in India has reached a two-decade high and is a primary driver of the nation's GDP. India is projected to be the fastest-growing consumer market among top economies, aiming to become the World Consumption Capital with 1 billion middle-class consumers by 2030.
How does Budget 2025 impact the consumption story?
The Biggest Announcement of Budget 2025 includes No Tax on Income up to 12 lacs, which is expected to result in Rs 1 lakh crore of savings for tax payers. This increased disposable income is anticipated to directly boost consumption across various sectors.
What are the main drivers of consumption in India?
Key drivers include rising incomes and an expanding middle class, favorable demographics (younger working-age population), the digital economy and e-commerce boom (UPI adoption), urban shift, increased financial inclusion (easy financing options), and supportive government initiatives like Make in India and infrastructure investments.
Which sectors are typically considered consumption-focused for investment?
Consumption-focused sectors include FMCG, Retail & E-commerce, Automobiles, Consumer Durables & Electronics, Real Estate, Travel & Hospitality, Entertainment & Media, Financial Services, Healthcare & Pharma, Education, Food & Beverages (QSR), Telecom & Internet Services, and Fashion.
Have consumption-linked indices shown positive movement recently?
Yes, Consumption Linked Indices have shown positive movement in Quarter 1. For example, the Nifty India Consumption index saw an 11.34% positive movement, Nifty FMCG (3.59%), Nifty Auto (12.39%), Nifty Consumer Durables (10.88%), and Nifty Bank (13.58%).
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in *Past 10 Year annualised returns as on 01-10-2025 *All savings plans are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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