PNB ULIP NFO: PNB MetLife Nifty 500 Momentum 50 Index Fund launched; key details inside

PNB MetLife India Insurance Company Limited (PNB MetLife) has launched a new index-based fund named 'PNB MetLife Nifty 500 Momentum 50 Index Fund (Fund)', a new addition to its Unit-Linked Insurance Plans (ULIPs) offerings, according to an official statement.

"The 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, offering them a means to achieve their long-term financial goals and life cover," the statement said.

PNB MetLife Nifty 500 Momentum 50 Index Fund minimum investment

Initially, the new fund will be available at a unit price of Rs 10 per unit during the subscription period.

Subscription period

The NFO is available from February 15, 2025, to February 28, 2025.

How to buy

This fund is available under PNB MetLife’s ULIP plans, including Smart Platinum Plus, TULIP, Goal Ensuring Multiplier, and Mera Wealth Plan. 

For policies issued after February 28, the existing NAV on the date of issuance will apply.

The fund allows policyholders to earn market-linked returns from firms that have exhibited outstanding price performance over a 6- and 12-month period. It provides exposure to the large-cap, mid-cap, and small-cap categories. Stocks are chosen based on momentum criteria and rebalanced semi-annually to reflect changing market trends.

"The PNB MetLifeNifty 500 Momentum 50 Index Fund is tailored for customers seeking a structured approach to market trends. By focusing on stocks with sustained momentum, this fund enables long-term wealth creation through a disciplined and transparent investment strategy," said Sanjay Kumar, chief investment officer, PNB MetLife.

PNB MetLife is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc with the credibility of PNB. It has 155 branches and access to customers in over 19,000 locations (as of November 30, 2024) through bank partnerships. PNB MetLife offers a comprehensive insurance solutions portfolio covering child education, family protection, long-term saving, and retirement.