PNB MetLife has introduced the PNB MetLife Multifactor Index Fund, a new investment vehicle designed to provide a balanced approach to factor-based investing. The fund opens for subscription from 15 June to 29 June 2026 at an initial NAV of ₹10, with applications processed on 30 June 2026 at the prevailing NAV thereafter.
Fund Strategy and Structure
The fund tracks the NSE Nifty500 Multifactor MQVLv 50 Index, which incorporates four investment factors: Momentum, Quality, Value, and Low Volatility. This passive investment strategy aims to replicate the performance of a customised index developed by NSE for PNB MetLife, complying with IRDAI norms. By blending multiple factors, the fund seeks to reduce reliance on any single investment style and deliver a more consistent experience across market cycles.
Key Benefits
- Diversified Factor Exposure: Combines four factors in one portfolio to spread risk beyond a single style.
- Market Cycle Resilience: Aims to lower style risk and provide balance in varying market conditions.
- Wealth Creation with Insurance: Available through ULIPs, offering market-linked growth plus life cover.
- Potential Tax Benefits: Maturity proceeds may be tax-free if annual ULIP premiums are ≤₹2.5 lakh and life cover is 10 times the premium, subject to tax laws.
- Backed by Expertise: While the fund is passive, PNB MetLife's equity funds have a track record of benchmark-beating performance and Morningstar ratings.
Eligibility and Availability
The fund is suitable for investors seeking long-term equity exposure, comfortable with market volatility, and looking for life insurance alongside wealth creation with a horizon of five years or more. It carries a very high risk classification. The fund is accessible through select PNB MetLife ULIP plans via the company's website and offline channels.
About PNB MetLife
PNB MetLife India Insurance Company Limited is a leading life insurer combining MetLife's financial strength with PNB's credibility. With 182 offices and access to over 20,000 locations, it offers solutions for child education, family protection, savings, and retirement through over 40,000 financial advisors and bank partners.
Disclaimer: The fund carries very high risk due to equity exposure. Investment risk is borne by the policyholder. ULIPs have a five-year lock-in period. Past performance does not guarantee future returns.
