PNB MetLife unveils PMLI Small Cap Fund in its ULIP segment; all you need to know
On February 19, 2024, PNB MetLife India Insurance Company introduced the PMLI Small Cap Fund, a fresh addition to its Unit Linked Insurance Plan (ULIP) category. This newly launched fund presents policyholders with the prospect of accumulating wealth throughout the policy's duration by engaging in a varied equity portfolio, with a specific emphasis on small-cap enterprises. The unit price for this new fund is set at ₹10 during the new fund offer (NFO) period, spanning from February 19, 2024, to February 29, 2024.
Investors have the chance to contribute to India's growth through the PNB MetLife Small Cap Fund, which focuses on investing in small-sized companies exhibiting high growth potential across various sectors. PNB MetLife brings to the table its established proficiency in fund management, supported by robust risk management practices and rigorous corporate governance standards, forming the foundation for its actively managed investment strategy.
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.»
For those unfamiliar, ULIPs represent a category of insurance products linked to investments, blending life insurance coverage with investment opportunities. Despite presenting certain
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