Launch Overview

PNB MetLife India Insurance Company Limited announced the introduction of the PNB MetLife Momentum Quality Index Fund, a unit‑linked insurance plan (ULIP) that combines equity market participation with life‑cover protection. The fund tracks the customised BSE 500 Momentum Quality 50 Index, which is created and maintained by BSE Index Services Pvt. Ltd. to meet IRDAI investment norms.

Product Structure and NFO Details

  • The fund is offered under two ULIP products: Smart GEM (ULIF 04519/10/26MOMENTUMQL117) and SIPP Pro (ULIF04619/10/26PEMOMENTQL117).
  • Smart GEM’s New Fund Offer (NFO) runs from 19 October to 29 October 2026, with units allotted on 30 October 2026 at an initial Net Asset Value (NAV) of ₹10 per unit.
  • SIPP Pro’s NFO runs from 19 October to 4 November 2026, with units allotted on 5 November 2026 at the same initial NAV of ₹10 per unit.

Investment Strategy

The fund employs a rule‑based multi‑factor approach that blends two complementary factors:

1. Momentum – captures market trends and aims to benefit from bullish rallies.

2. Quality – selects businesses with strong financial fundamentals.

By combining these factors, the strategy seeks to deliver balanced market participation, diversified exposure across multiple sectors, and a long‑term orientation that aligns with policyholders’ life‑goal planning.

Key Features

  • Balanced Market Participation: Quality factor targets financially superior firms, while momentum seeks growth during upward market phases.
  • Diversified Exposure: Factor‑based weighting reduces reliance on company size, spreading risk across sectors.
  • Long‑Term Orientation: Encourages sustained investment through market cycles to build a dedicated corpus.
  • Life Cover with Retirement Readiness: As a ULIP, the product couples equity growth potential with life‑insurance protection for the policyholder’s family.

Risk and Liquidity Terms

Investment risk in the underlying portfolio is borne by the policyholder. Unit‑linked products are subject to a five‑year lock‑in period; no surrender or partial/complete withdrawal is permitted until the end of the fifth year.

Management Commentary

Sourabh Lohtia, Chief Marketing Officer of PNB MetLife, stated that customers increasingly seek solutions that blend long‑term wealth creation with life‑insurance protection, and that the Momentum Quality Index Fund strengthens the insurer’s proposition by offering a disciplined investment approach together with ULIP protection.

Regulatory and Disclosure Notes

The fund complies with IRDAI investment norms, and the customised index is maintained by BSE Index Services Pvt. Ltd. The press release is distributed under an arrangement with PRNewswire; PTI assumes no editorial responsibility.