National : PNB MetLife India Insurance Company Limited today announced the launch of PMLI Small Cap Fund, a new fund within the Unit Linked Insurance Plan (ULIP) segment. The New Fund will offer policy holders an opportunity to create wealth over the policy life by investing in a diversified equity portfolio with focus on small-cap companies. The new fund shall be available at a unit price of Rs.10/- during the NFO period from 19th Feb 2024 to [29th Feb 2024].
The PNB MetLife Small Cap Fund offers investors an opportunity to be part of India's growth by investing in small sized companies with high growth potential across diverse sectors. PNB MetLife's proven expertise in fund management combined with sound risk management and high standards of corporate governance sit behind its actively managed investment strategy.
Customers can participate in the new fund through the various ULIPs offered by the company: PNB MetLife Smart Platinum Plan, PNB MetLife Goal Ensuring Multiplier plan and PNB MetLife Mera Wealth Plan.
Sanjay Kumar – Chief Investment Officer, PNB MetLife, stated, "The Small Cap fund presents exciting potential for investors to benefit from economic reforms and macro-economic tailwinds by capitalizing on stock selection backed by thorough fundamental research. The Small Cap Fund aims to invest in a basket of mainly small sized companies that exhibit the potential to be future large caps and are well-placed to benefit from India's strong economic growth. The fund advocates a long-term investment horizon to ride over the short-term fluctuations and capture long-term growth potential.”