Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ Money / Personal Finance/  PNB MetLife unveils PMLI Small Cap Fund in its ULIP segment; all you need to know
BackBack

PNB MetLife unveils PMLI Small Cap Fund in its ULIP segment; all you need to know

The newly launched PMLI Small Cap fund leverages the potential of companies poised to evolve into future large caps.

PNB MetLife India Insurance Company introduced the PMLI Small Cap Fund in the ULIP category.Premium
PNB MetLife India Insurance Company introduced the PMLI Small Cap Fund in the ULIP category.

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 advantages, it's crucial to weigh the associated drawbacks before deciding to invest in a ULIP.

Moreover, ULIPs entail market risks, making them unsuitable for all types of investors. If you seek a secure and guaranteed investment, opting for a ULIP may not be the most appropriate choice for you.

ULIPs generally demand a prolonged investment commitment. Ensure that you have the financial capacity to engage in a long-term investment with a ULIP before committing to one.

Clients have the option to engage with the newly introduced fund by choosing from a range of ULIPs provided by the company, including the PNB MetLife Smart Platinum Plan, PNB MetLife Goal Ensuring Multiplier plan, and PNB MetLife Mera Wealth Plan.

When contemplating an investment in this ULIP or any other, it's crucial to thoroughly assess the drawbacks and compare them against the potential benefits.

 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 19 Feb 2024, 05:23 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App