PNB MetLife India has launched the Pension Premier Multicap Fund under its Unit-Linked Insurance Plan (ULIP) offerings, in collaboration with Policybazaar. The fund aims to help customers build secure retirement savings and will be available for subscription from April 1 to April 15, 2025, at an initial Net Asset Value (NAV) of ₹10. The Pension Premier Multi-Cap Fund is an actively managed fund that invests in a diversified portfolio and aims to outperform the S&P BSE 500 Index.
The fund has a strong track record, delivering a compound annual growth rate (CAGR) of 15.9% since its launch in March 2018, beating the S&P BSE 500 Index by 3.8 percentage points. Over the last five years, the fund has provided an annualized return of 20.0%, above market averages, while maintaining a balanced risk profile.
The fund is part of PNB MetLife’s Smart Invest Pension Plan (UIN – 117L137V02), which offers life insurance coverage as protection, ensuring financial protection for the family in case of unforeseen events. The plan helps customers build a retirement corpus and offers a robust opportunity to build wealth through a diversified portfolio.
Sanjay Kumar, Chief Investment Officer, PNB MetLife, emphasized that retirement planning is not just about saving money, but making smart investment choices that ensure long-term financial independence. Vivek Jain, Chief Business Officer, Life Insurance, Policybazaar.com, added that the partnership with PNB MetLife aims to provide a smart and flexible pension plan combined with a new pension fund designed for wealth creation and portfolio stability.
The launch of the Pension Premier Multicap Fund is a significant step towards helping individuals build a secure future and make the most of India’s growing economy.