PNB MetLife Momentum Quality Index Fund Launch

PNB MetLife India Insurance Company Limited announced the introduction of the PNB MetLife Momentum Quality Index Fund, a new Unit Linked Insurance Plan (ULIP) designed to combine equity market participation with life‑cover protection for Indian customers seeking long‑term capital growth.

The fund tracks the customised BSE 500 Momentum Quality 50 Index, created and maintained by BSE Index Services Pvt. Ltd. to meet IRDAI investment norms. It follows a rule‑based multi‑factor strategy that blends two complementary investment factors: momentum, which captures market trends, and quality, which emphasizes financially superior businesses. This approach aims to deliver diversified exposure across multiple sectors while aligning with disciplined, long‑term investing objectives.

Product Offerings and NFO Details

  • Smart GEM ULIP (ULIF 04519/10/26MOMENTUMQL117): New Fund Offer (NFO) period runs from 19 October to 29 October 2026. Units will be allotted at an initial Net Asset Value (NAV) of ₹10 per unit on 30 October 2026.
  • SIPP Pro ULIP (ULIF04619/10/26PEMOMENTQL117): NFO period runs from 19 October to 4 November 2026. Units will be allotted at the same initial NAV of ₹10 per unit on 5 November 2026.

Key Features

  • Balanced Market Participation: Quality factor targets financially strong businesses, while momentum seeks growth during bullish phases.
  • Diversified Exposure: Factor‑based investing spreads exposure across sectors rather than weighting by company size alone.
  • Long‑Term Orientation: Encourages sustained investment through market cycles to support financial goals.
  • Life Cover with Retirement Readiness: As a ULIP, the fund couples equity growth potential with life‑insurance protection, helping policyholders build a dedicated long‑term corpus while safeguarding their families.

Risk and Liquidity Terms

  • Investment risk in the portfolio is borne by the policyholder.
  • Unit‑linked products are subject to a five‑year lock‑in period; no liquidity is available during this time.
  • Policyholders cannot surrender or withdraw any portion of the invested amount, either partially or fully, until the end of the fifth year of the contract.

Management Commentary

Sourabh Lohtia, Chief Marketing Officer of PNB MetLife, stated: "As customers think about their financial future, they are increasingly looking for solutions that can help them pursue long‑term goals while also providing life insurance protection. At PNB MetLife, our focus is on giving customers more choices to plan for important life milestones with confidence. The Momentum Quality Index Fund strengthens this proposition by bringing together a disciplined approach to investing with the protection offered through ULIPs."

Disclaimer: The investment risk is borne by the policyholder, and the unit‑linked insurance products do not offer any liquidity during the first five years of the contract. Policyholders will not be able to surrender or withdraw the money invested in unit‑linked insurance products completely or partially until the end of the fifth year.