PNB MetLife India has launched a new pension fund, the PNB MetLife Pension Premier Multicap Fund, as part of its Unit-Linked Insurance Plans (ULIPs) offerings. The fund is available for subscription from April 1 to April 15, 2025, and is designed to help customers build secure retirement savings. The fund is an actively managed multi-cap fund that aims to outperform the S&P BSE 500 Index through a disciplined investment strategy.
The PNB MetLife Pension Premier Multicap Fund is available with the PNB MetLife Smart Invest Pension Plan, which offers life insurance coverage as protection, ensuring financial protection for the family in case of unforeseen events. The fund has a proven track record, having delivered 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.
The key features of the PNB MetLife Pension Premier Multicap Fund include investing in a diversified portfolio and aiming to outperform the S&P BSE 500 Index through a disciplined investment strategy. Sanjay Kumar, Chief Investment Officer, PNB MetLife, said that retirement planning is not just about saving money, but about making smart investment choices that ensure long-term financial independence.
The launch of the PNB MetLife Pension Premier Multicap Fund is a result of a partnership between PNB MetLife and Policybazaar, which aims to make retirement planning simpler and more inclusive. Vivek Jain, Chief Business Officer, Life Insurance, Policybazaar.com, said that retirement planning in India is changing, with a growing need for more structured financial solutions. The partnership between PNB MetLife and Policybazaar is a step towards helping individuals build a secure future and make the most of India’s growing economy.
The PNB MetLife Pension Premier Multicap Fund is a robust opportunity for customers to build wealth through a diversified portfolio. With its strong performance and balanced risk profile, the fund is an attractive option for those looking to build a secure retirement corpus. The fund’s availability on Policybazaar’s platform enhances digital accessibility, making retirement planning simpler and more inclusive. Overall, the launch of the PNB MetLife Pension Premier Multicap Fund is a significant development in the retirement planning space in India, offering customers a new and innovative way to build secure retirement savings.