phone image +91 22 68948500, 68948500

 

Detailed News

PNB MetLife Insurance launches PMLI Small Cap Fund in ULIP segment
20-Feb-24   11:24 Hrs IST

PNB MetLife India Insurance on Monday announced the launch of its new fund PMLI Small Cap Fund in ULIP segment.

The Unit Linked Insurance Plan (ULIP) segment of the fund offers policyholders the chance to invest in a diversified equity portfolio with a focus on small-cap companies.

This fund will be available at a unit price of Rs 10 during the New Fund Offer (NFO) period from February 19, 2024, to February 29, 2024.

Customers can participate in the new fund through various ULIP plans offered by the company, including PNB MetLife Smart Platinum Plan, PNB MetLife Goal Ensuring Multiplier Plan, and PNB MetLife Mera Wealth Plan.

Sanjay Kumar, chief investment officer at PNB MetLife, said during the launch, "The small cap fund presents exciting potential for investors to benefit from economic reforms and macro-economic tailwinds by capitalising 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," Kumar added.

A ULIP is a combination of life insurance and investment, where a part of the premiums paid by the policyholder is utilized to provide life insurance coverage, while the remainder (post expenses, if any) is invested in various equity and debt instruments or a combination of both, according to the policyholder's risk appetite.
SEBI Single Regn. No. : BSE / NSE / MSMI - INZ000192537  |   CDSL Reg. No :  IN-DP-CDSL-438-2008                                                                                                                           Filing complaint on SEBI SCORES
Copyright © 2016 All rights reserved Comfort Securities Ltd.
Designed, Developed and content powered by CMOTS Infotech(ISO 9001:2015 certified)
Attention Investors ::
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account.   |    Kyc is one time exercise while dealing in securities markets:- Once KYC is done through a SEBI Registered Intermediary(Broker DP Mutual Fund etc.) you need not undergo the same process again when you approach another Intermediary.” “ Prevent Unauthorized Transaction in your Trading/Demat account. Update your Mobile Numbers/Email IDs with your Stock Broker/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/Demat account Directly from Exchange/CDSL at the end of the day. Issued in the Interest of Investors. 
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. 2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors