PNB MetLife NIFTY 500 Momentum 50 Index Fund (ULIF03115/02/25NIFTYMOMEN117) is a passively managed fund and will be benchmarked against NIFTY 500 Momentum 50 Index for its performance. The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index, subject to regulatory limits. The Nifty 500 Momentum 50 Index aims to track the performance of the top 50 companies within the Nifty 500 selected based on their Normalized Momentum Score. Historical data from NSE suggests that the momentum strategy has outperformed vs broader indices in the past. Regulations may restrict us from investing in all the stocks/sectors in line with their weights in the index from time to time, resulting in tracking error. The index funds which track momentum strategies are best suited for individuals with very high risk tolerance and long-term investment goals.
Features:
A "momentum index fund" is a type of index fund that invests in stocks which have recently exhibited strong stock price momentum. This strategy is based on the idea that stocks with positive momentum are likely to continue performing well in the near future. Broadly, momentum investing is built on the simple premise that stocks that have gone up or down, will continue to go up or down, at least in the short term.
Momentum Fund focuses on companies exhibiting strong upward trends in their stock prices or earnings. The primary objective of a momentum fund is to ride the wave of rising markets, with an objective to maximize returns by periodically adjusting its portfolio to align with the strongest performing assets.
| Fund Name | PNB MetLife NIFTY 500 Momentum 50 Index Fund |
| Benchmark | NIFTY 500 Momentum 50 Index |
| Fund Manager | Ankur Kulshrestha |
| Fund Type | Passive Fund |
| Risk Profile | High |
| Number of Constituents (securities) | 50 |
| Fund Strategy | To invest in the top 50 stocks exhibiting strong stock price momentum among the basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index |
| Fund Objective | To deliver fund returns which are in line with the returns generated by NIFTY 500 Momentum 50 Index. |
| Investment Objective | To ride the wave of rising markets, aiming to maximize returns by periodically adjusting its portfolio to align with the strongest-performing assets |
The fund is suitable for investors who are looking for a life cover and strategy that adapts to market trends and seeks to capture stocks with strong recent performance. The index funds which track momentum strategies are best suited for individuals with very high-risk tolerance and long-term investment goals.
Momentum-based Selection: The Momentum 50 index selects the top 50 Nifty 500 stocks with the strongest 6- and 12-month price performance, adjusted for volatility.
Diversified Exposure: The index covers various sectors, offering broad market exposure while prioritizing momentum.
Semi-Annual Balancing: The index is rebalanced every six months to reflect the latest market trends and maintain momentum focus.
Transparency: The index uses a clear, publicly available methodology for stock selection, ensuring transparency and investor understanding.
Life Cover
The below table shows that the Momentum 50 Index has delivered significantly higher returns than the overall NIFTY 50 Index, over the short as well as long terms .
| CAGR Returns | 1Y | 3Y | 5Y | 10Y | 15Y |
|---|---|---|---|---|---|
| Nifty 50 | 8.80% | 10.90% | 14.20% | 11.10% | 10.60% |
| Nifty 500 Momentum 50 | 26.20% | 19.30% | 29.30% | 20.10% | 20.50% |
As on 31st Dec 2024
| Equity Scheme Name | Cap | 3 Year (CAGR) | 5 Year (CAGR) | Overall Morningstar Rating | ||
|---|---|---|---|---|---|---|
| NAV Return |
Benchmark | NAV Return |
Benchmark | |||
| Mid Cap | Mid Cap | 23.70% |
22.10% | 33.40% | 25.30% | ⭐⭐⭐⭐⭐ |
| CREST (Thematic) | Multi Cap | 17.70% |
12.30% | 20.10% | 15.50% | ⭐⭐⭐⭐⭐ |
| Premier Multi-Cap | Multi Cap | 16.80% |
12.70% | 21.70% | 16.80% | ⭐⭐⭐⭐⭐ |
| Multiplier III | Large Cap | 15.30% | 10.70% | 18.90% | 14.50% | ⭐⭐⭐⭐⭐ |
| Flexi Cap | Large Cap | 13.40% |
12.40% | 16.40% | 16.20% | ⭐⭐⭐⭐ |
As of 31st January. 2025
The New fund can be availed with PNB MetLife Unit Linked Insurance Plans (ULIPs). These plans can be availed through online as well as offline distribution channels.
To buy online directly from the company’s website, please follow 4 simple steps:
Step 1: Click on Buy Online
Step 2: Fill in your details – Name, Mobile Number, DOB etc.
Step 3: Choose amount to invest (premium), frequency of payment, years you want to pay for, years for which you want to stay invested, fund, fund allocation etc. and check the expected returns
Step 4: Make the payment using Net-Banking, credit/debit card or UPI
Step 5: Fill up the proposal form containing personal information like address and other details like lifestyle, income and medical questions, nominee details etc.
Step 6: Complete the application by doing e-KYC (Aadhar) or c-KYC (PAN)
Step 7: Set up direct debit mandate / e-NACH for future premiums payment.
To meet our trusted representative, please call up at the contact centre or drop your lead at the form given below.
Please note: Rs. 10 NAV will be allotted to applications received between 15th February to 27th February and issued on 28th February, subject to fulfilment of all the requirements and final decisioning of the proposal by underwriting. "For policies issued after 28th Feb., the prevailing NAV on the day of issuance will be applicable."
It is the introduction of a new fund option among the already existing options which a prospect can avail. In Life Insurance parlance, a fund can be availed with a Unit Linked Insurance Plan popularly known as ULIP. As the name suggests, ULIPs also offer Life Insurance Cover. ULIPs also offer tax advantages which can help you save taxes by availing exemption u/s 80C as well as u/s 10(10D).
It is an investment strategy that follows the practice of buying or investing in the stocks or securities which have exhibited strong stock price momentum over a period and selling those with poor returns.
NAV stands for Net Asset Value. The performance of a fund is denoted by its NAV per unit. NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on a given date.
Investment in any fund directly or indirectly depends on one’s financial goals. Like any other investment options, disciplined savings and staying invested for a long-term period often help in getting the best possible returns, as the investments made during highs & lows of the market get netted off and overall yield positive returns in the growing market trend.
Fund Value of your policy can be checked on our app (Khushi App) or by logging into the customer portal. The performance of the each of the company’s funds can be checked on the company website https://www.pnbmetlife.com/
PNB MetLife has been offering the life insurance plans in India since 2001. It has a vast spread of partners and locations through which our plans are distributed across. Prospect can walk-in to any of our branches for any purchase or service-related requirements. PNB MetLife also offers mobile & digital touch points – Website, Contact Center, Mobile Application, WhatsApp, Chatbot etc. PNB MetLife boasts of 99.20% Claim Settlement Ratios which is a great testimony of our service philosophy. Hence, PNB MetLife can be considered as a good choice for your life insurance and savings requirements.
THE UNIT-LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN UNIT-LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR.
At PNB MetLife we are delighted to offer a new fund, the “Nifty 500 Momentum 50 Index Fund” (ULIF03115/02/25NIFTYMOMEN117). The objective of the fund is to invest in a basket of stocks drawn from the constituents of NSE’s NIFTY 500 Momentum 50 Index, subject to regulatory limits. The Nifty 500 Momentum 50 Index aims to track the performance of the top 50 companies within the Nifty 500 selected based on their Normalized Momentum Score. Historical data from NSE suggests that the momentum strategy has outperformed vs broader indices in the past. Regulations may restrict us from investing in all the stocks/sectors in line with their weights in the index from time to time, resulting in tracking error. The index funds which track momentum strategies are best suited for individuals with very high risk tolerance and long-term investment goals.
PNB MetLife Nifty 500 Momentum 50 Index fund (SFIN: ULIF03115/02/25NIFTYMOMEN117).
NAV of Rs.10/- will be applicable for duly completed proposals received from 15th to 27th February 2025 and issued on 28th February 2025. For policies issued after 28th February, the prevailing on the day of issuance will be applicable.
T&C apply: These are the returns of benchmark indicates of the return of the PNB MetLife NIFTY 500 Momentum 50 Index Fund. This fund is available with PNB MetLife Smart Platinum Plus Plan (UIN: 117L125V04), Goal Ensuring Multiplier Plan (UIN: 117L133V04), Mera Wealth Plan (UIN: 117L098V06), Term with Unit Linked Insurance Plan (UIN: 117L136V01) which are an individual, Unit-Linked, Non-Participating, Life Insurance Plan. *The above illustration shows the value of Rs. 20,000 invested monthly since Apr, 2005 in the NIFTY 500 Momentum 50 Index Fund, accumulated as of 31st Dec, 2004 (nineteen-year period). The calculation are based on Index data provided by NSE and exclude any scheme-level expenses.
Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors. Premiums paid in Unit-linked insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us. PNB MetLife Insurance Company Limited is the name of the Life Insurance Company and the above-mentioned Unit-Linked Insurance Plans are only the names of the unit-linked life insurance contracts and do not in any way indicate the quality of the contract, their future prospects or returns. The various funds offered under these contracts are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. The various funds offered under these contracts are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The past performance of the funds is not indicative of the future performance.
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.
Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra.
| 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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