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PNB MetLife Launches Momentum Quality Index Fund Across Two ULIPs
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CNBC TV18•19-10-2026, 15:49
PNB MetLife Launches Momentum Quality Index Fund Across Two ULIPs
- •PNB MetLife India Insurance Company introduced the Momentum Quality Index Fund under its Smart GEM and SIPP Pro unit-linked insurance plans.
- •The passively managed fund tracks the customised BSE 500 Momentum Quality 50 Index, combining momentum trends and quality financial fundamentals.
- •The new fund offer for Smart GEM runs from October 19 to October 29, while the SIPP Pro offer remains open until November 4 with an initial NAV of ten rupees per unit.
- •The multi-factor investment strategy is designed for long-term financial goals but carries a five-year lock-in period with no guaranteed returns.
Key Questions Answered
The Momentum Quality Index Fund is a passively managed fund available under PNB MetLife's Smart GEM and SIPP Pro unit-linked insurance plans (ULIPs), tracking the customised BSE 500 Momentum Quality 50 Index to combine market momentum and financial quality factors.
The new fund offer (NFO) for Smart GEM opened on October 19 and closes on October 29, while the NFO under SIPP Pro remains open until November 4, both featuring an initial net asset value (NAV) of ₹10 per unit.
The ULIP products carry a mandatory five-year lock-in period, meaning policyholders cannot fully or partially withdraw or surrender their investments during the first five years of the contract.
