A New Fund is a fund that gets launched in a market and is available at an introductory NAV which is usually Rs. 10 during the launch period. In the case of Life Insurance companies launching a new fund, this fund is available among other existing funds and can be availed only by buying a Unit Linked Life Insurance Plan or ULIP plans. ULIP as the name suggests helps in getting the market-linked returns on the investment component of the premiums post deductions of the charges and also provides a life cover that helps you protect your family from life’s uncertainties.
| Fund Name | PNB MetLife Bharat Consumption Fund |
| Benchmark | Nifty India Consumption Index |
| Fund Manager | Amit Shah |
| Fund Type | Actively managed fund |
| Fund Objective | Wealth creation for policyholders through research backed active fund management |
| Fund Strategy | To generate superior risk-adjusted returns for policyholders over the policy life by investing in a diversified basket of consumption-oriented companies chosen through a rigorous research process |
| Investment Objective | To provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. There is no assurance that the investment objective of the Scheme will be achieved |
PNB MetLife Bharat Consumption Fund is a broad-based thematic equity fund and is going to be actively managed. Its returns will be benchmarked against NIFTY India Consumption Index.
An actively managed fund is a fund where a manager is involved in making decisions about what stocks and bonds to buy or sell, and when to do so. The manager's goal is to outperform a benchmark or index relevant to the consumption fund's investment mandate.
Actively managed funds can potentially provide higher returns than passive funds, but they also come with higher costs and risks. The optimal investment strategy for you will depend on your financial goals, risk tolerance, and investment horizon.
PNB MetLife’s investment team is of high repute and known for their stellar performance for delivering high returns to our customers.
Most of our equity funds have delivered higher returns than the benchmark returns and 99% of our equity funds are rated either 4 or 5 star by a reputed rating agency – Morning Star.
| Equity Scheme Name | Cap | 3 Year (CAGR) | 5 Year (CAGR) | Overall Morningstar Rating | ||
|---|---|---|---|---|---|---|
| NAV Return |
Benchmark | NAV Return |
Benchmark | |||
| Mid Cap | Mid Cap | 28.60% |
22.10% | 33.40% | 25.30% | ⭐⭐⭐⭐⭐ |
| CREST (Thematic) | Multi Cap | 21.30% |
13.60% | 22.40% | 16.80% | ⭐⭐⭐⭐⭐ |
| Premier Multi-Cap | Multi Cap | 20.80% | 14.20% | 24.50% | 18.40% | ⭐⭐⭐⭐⭐ |
| Multiplier III | Large Cap | 18.00% | 11.10% | 20.60% | 15.30% | ⭐⭐⭐⭐⭐ |
| Flexi Cap | Large Cap | 14.60% |
13.30% | 17.90% | 17.40% | ⭐⭐⭐⭐ |
As of 31st Oct. 2024
| Index Returns (CAGR) |
NIFTY 50 | NIFTY India Consumption Index |
|---|---|---|
| 1 year | 27% | 44% |
| 3 years |
12% | 19% |
| 5 years | 17% | 20% |
| 10 years |
12% | 14% |
Source: MOFSL. As on 30th September
If you had invested Rs. 10,000 per month in 2006 in NIFTY India Consumption Index, then your total corpus would be Rs. 1.15 Crore as on 30th Sep 2024.
At $4 Trillion India is set to be the world's 3rd largest consumer market by 2030.
There are multiple factors that positions to India tobe a favourable economy driving massive consumption growth.
ULIPs have a unique offering of helping people not only get a life cover to secure their and their family’s future but also an opportunity to gain from market-linked returns. With ULIPs you can easily do your long-term goal planning. Disciplined savings help you save for all your goals whether it for children’s future or your own. ULIPs also allow the policyholder to switch the funds as per the changing risk appetite. This adds flexibility to your saving style and you can achieve your goals the way you want.
A consumption fund is a type of broad-based thematic fund that invests in companies engaged in or expected to benefit from consumption and consumption-related activities. This can include sectors such as FMCG, automobiles, consumer services, consumer durables, e-commerce, telecommunications, healthcare, power, realty etc.
No, the fund is offered as one of the fund options in our select ULIPs. Our PNB MetLife Bharat Consumption Fund is available with PNB MetLife Goal Ensuring Multiplier and PNB MetLife Smart Platinum Plus.
NAV is Net Asset Value. This is the rate at which units are allocated basis the fund you have chosen in your policy.
Consumption funds may carry higher risk compared to more diversified funds, as they are focused on specific sectors related to consumption. However, PNB MetLife Bharat Consumption Fund mitigates some of this risk by diversifying investments across multiple sectors within the consumption theme.
PNB MetLife Bharat Consumption Fund – SFIN - (ULIF03015/11/24CONSUMFUND117).
^NAV of Rs.10/- will be applicable for duly completed proposals received from 15th to 28th November 2024 and issued on 29th November 2024. For policies issued after 29th November, the prevailing on the day of issuance will be applicable.
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.
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
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As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.
PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
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