The Bharat Manufacturing Fund is a market-linked investment scheme that offers investors an opportunity to invest in the manufacturing sector in India. It aims to strengthen the country’s manufacturing industries and contribute to the “Viksit Bharat” vision.
With objectives such as achieving long-term capital growth, strengthening the manufacturing sector, and contributing to economic growth, we aim to provide investors with a robust portfolio by leveraging opportunities in emerging and innovative industries.
Since the manufacturing sector in India is regarded as the backbone of economic and social development, being able to invest in it from the ground up is an opportunity of its kind. Thus, here is a comprehensive guide to our Bharat Manufacturing Fund.
Invest in India’s Economic Growth with Bharat Manufacturing Fund
With PNB MetLife’s new fund, Bharat Manufacturing Fund, investors have an opportunity to earn long-term capital appreciation and invest in India’s leading manufacturing industries. However, there can be no assurance that the investment objective of the scheme will be realised.
The eligibility criteria for a new fund to invest in 2024 can vary from company to company. However, to make the most of our Bharat Manufacturing Fund, here are some basic criteria to comply with.
Every ULIP plan has a specified entry age to ensure that investors are capable of understanding the fund's nuances and making the best investment decision for themselves.
Any investor or policyholder over 18 years can choose this new fund in their ULIP plan.
This new fund is linked to our ULIP segment. This means invest in the manufacturing fund, you must have a select ULIP plan with us.
Since the new fund is tied to our ULIP products, you must fulfil the criteria of the chosen plan as well. For example, if you opt for our Smart Platinum Plus plan, then you must fulfil its eligibility criteria, such as entry age, maturity age, premium payment, etc.
Along with resident Indians, Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs) are also eligible to invest in this fund or scheme.
To benefit from the growth in the manufacturing sector in India and invest in our new fund, you will need to buy any one of our select ULIP plans.
Once you have the plan, follow these easy steps to opt for the Bharat Manufacturing Fund:
1. Define Financial Goals: Clearly outline your investment goals and always assess if the fund aligns with them.
2. Risk Assessment: 2. Risk Assessment: Before choosing a fund and enjoying the benefits of investing in a new fund, evaluate your risk tolerance and ensure that the fund's risk level matches your risk appetite.
3. Research About the Fund: Knowing everything about the fund is crucial to making the best investment decision. Thus, research the fund, its objectives, fund management team, and historical performance.
4. Prepare Documentation: To avoid facing rejection and experience a smooth and hassle-free application process, gather all your documents beforehand. These may include identity proof, address proof, and financial statements.
5. Review and Understand New Fund Terms: Read and understand the fund's terms and conditions carefully. This will help you set realistic expectations and make an informed decision.
6. Consult a Professional: It is advisable to consult with a professional financial advisor to make a long-term investment decision that will help you plan your future.
You can also make use of our feature “Get Advice” to connect with a financial consultant.
The Bharat Manufacturing Fund is a thematic new fund, which means that it includes leading companies belonging to the manufacturing theme. Here are the key sectors supported by the new fund:
According to a McKinsey report, 11 key sectors will contribute significantly to driving economic growth. These include sectors like chemicals, basic materials, capital goods, auto, and pharma, which are expected to surge in growth.
Thus, the new fund aims to replicate the Nifty Manufacturing Index which weights ~90% of the portfolio in the above-mentioned sectors.
The manufacturing sector in India has grown significantly over the past few years. Additionally, the manufacturing hub in India is predicted to have the potential for prominent growth.
As stated by the country's Finance Minister, Nirmala Sitharaman, the rise of this sector, along with other economic factors, can take India to become a $30 trillion economy by 2047. Based on this of "Viksit Bharat" and leveraging government initiatives like "Atmanirbhar Bharat," "Make in India," and "Vocal for Local," our new fund presents investors with an opportunity to contribute to the sector's growth.
It can have the following impact on India’s Economy:
To invest in our Bharat Manufacturing Fund, you can invest in the following two ways:
New Funds are new investment schemes that give you an opportunity to invest in growing sectors. Thus, if you want to participate in the growth, such as in this one, it is a great opportunity to invest. However, it is advised to read the scheme-related documents and understand how new fund works before investing.
Even though the investments are in the leading manufacturing industries and in a sector with high growth potential, there is no guarantee that the investment objective will be realised.
The Unit-Linked Insurance Plan is a product designed to provide insurance and investment options in a single product. This means that a percentage of your premium amount will be allocated towards life insurance and the remaining portion will be invested in a fund of your choice.
The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.
PNB MetLife India Insurance Company Limited
Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
IRDAI Registration number 117 | CIN U66010KA2001PLC028883
For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time. Please consult your tax consultant for more details.
Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.
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