PNB MetLife India Insurance's new manufacturing sector focused ULIP fund opens on Aug 1; check out all the details

Investors who want to allocate some of their portfolios to India's manufacturing sector through a Unit Linked Insurance Plan (ULIP) can park their money in PNB MetLife India Insurance's new fund, 'Bharat Manufacturing Fund'. 

The fund leverages the manufacturing sector's performance, as evidenced by the Nifty India Manufacturing Index's significant outperformance versus the Nifty 50 Index. The index has delivered five-year annualised returns of 25.3 per cent against 15.3 per cent for Nifty 50 (as of 30 June 2024). 

Note: These are returns of the benchmark index and are not indicative of the return of PNB MetLife (BMF). The net asset value (NAV) of Rs 10 will be applicable for duly completed proposals received from August 1 to August 15 thereafter the prevailing NAV on the day of issuance will be applicable.

When to invest in the Bharat Manufacturing Fund?

This new fund offers policyholders an opportunity to invest in India's manufacturing sector and one can invest from August 1 to August 15, 2024.

What is the unit price of the Bharat Manufacturing Fund?

As per the company, it will be available at an initial unit price of  Rs 10. 

How to invest in the Bharat Manufacturing Fund?

Customers can invest through a variety of existing PNB MetLife ULIPs, including the PNB MetLife Goal Ensuring Multiplier (UIN: 117L133V03), PNB MetLife Smart Platinum Plus (UIN: 117L125V03), and PNB MetLife Mera Wealth Plan (UIN: 117L098V06). 

Bharat Manufacturing Fund benefits

These ULIPs provide a comprehensive suite of benefits, including life insurance protection, flexible investment options, and personalised wealth creation solutions. All these plans can be conveniently purchased online, offering a smooth investment experience.

What are ULIPs? 

A ULIP is an insurance plan that offers the dual benefit of investment to fulfill your long-term goals, and a life cover to financially protect your family in case of an unfortunate event. The premium paid towards a ULIP is divided into two parts. 

A part of it is contributed to your life cover, and the remaining is invested in the fund of your choice. One can choose to invest in equity, debt, or a combination of both funds as per your risk appetite and goals. This makes ULIPs an ideal investment option for you and your family’s long-term goals.

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