PNB MetLife India Insurance Company Limited has launched a new index-based fund called the “PNB MetLife Nifty 500 Momentum 50 Index Fund” as an addition to its Unit-Linked Insurance Plans (ULIPs) offerings. This fund is designed to help policyholders capitalize on market momentum by tracking the performance of the top 50 high-momentum stocks within the Nifty 500 Index, enabling them to achieve their long-term financial goals and life cover.
The fund is available under PNB MetLife’s ULIP plans, including Smart Platinum Plus, TULIP, Goal Ensuring Multiplier, and Mera Wealth Plan. The subscription period is from February 15, 2025, to February 28, 2025, with a minimum investment of Rs 10 per unit during the subscription period.
The fund allows policyholders to earn market-linked returns from firms that have exhibited outstanding price performance over a 6- and 12-month period, providing exposure to large-cap, mid-cap, and small-cap categories. The stocks are chosen based on momentum criteria and rebalanced semi-annually to reflect changing market trends.
According to Sanjay Kumar, Chief Investment Officer, PNB MetLife, the fund is tailored for customers seeking a structured approach to market trends, and by focusing on stocks with sustained momentum, this fund enables long-term wealth creation through a disciplined and transparent investment strategy.
PNB MetLife is one of India’s leading life insurance companies, with a strong financial backbone and credibility, backed by the expertise of MetLife, Inc. with over 155 branches and access to customers in over 19,000 locations through bank partnerships, offering a comprehensive range of insurance solutions covering education, family protection, long-term saving, and retirement.