Invest Smartly with PNB MetLife's Nifty 500 Momentum 50 Index Fund

PNB MetLife has introduced the 'Nifty 500 Momentum 50 Index Fund,' a passively managed fund aimed at yielding optimized returns through momentum investing. The fund tracks the Nifty 500 Momentum 50 Index, featuring robust stock price performers, with 29.3% annual returns over five years. It offers tax benefits and insurance coverage.

New Delhi [India], February 24: PNB MetLife has launched the 'Nifty 500 Momentum 50 Index Fund,' targeting investors seeking high returns with a balanced risk approach through momentum investing. The fund tracks the Nifty 500 Momentum 50 Index, which includes the top 50 stocks with strong upward price momentum.

Available from February 15 to 27, 2025, the fund boasts a 29.3% annual return over five years, offering optimal returns to investors. It integrates with Unit Linked Insurance Plans (ULIPs), providing dual benefits of wealth creation and insurance protection.

The tax-efficient fund offers a 10X life cover and rebalances biannually. It caters to long-term investors with high-risk tolerance, providing a strategic mix of growth, diversification, and tax efficiency. Disclaimer: Investment risks are borne by policyholders, with liquidity restrictions in the first five years.

(With inputs from agencies.)