PNB MetLife India Insurance has launched the Bharat Manufacturing Fund as a new investment option in its ULIP category.

The fund lets policyholders invest in India’s manufacturing sector with an initial unit price of Rs 10. The fund launch period is from 1st August to 15th August.

Customers can invest in this fund through existing PNB Metlife ULIPs: Goal Ensuring Multiplier, Smart Platinum Plus, and Mera Wealth Plan. These plans provide life insurance protection, flexible investment options, and wealth creation solutions and are available online for purchase.

Mr. Sanjay Kumar, Chief Investment Officer at PNB MetLife, has emphasized our country’s economic growth and the importance of the manufacturing sector, including automobiles, capital goods, and textiles.

This fund aims to align customer investments with the growth of this sector and could help contribute to India’s GDP growth by 2047. 

The Bharat Manufacturing Fund will be actively managed and aims to deliver significant returns. As of 30th June 2024, the Nifty India Manufacturing Index has outperformed the Nifty 50 Index, with a 5-year annualized return of 25.3% compared to 15.3% for the Nifty 50.

The fund aims to capitalize on the trend of the manufacturing sector, though returns may vary. For proposals completed and received from 1st August to 15th August 2024, the NAV will be Rs 10, with issuance on 16th August. 

For policies issued after 16th August, the NAV applicable on the issuance day will be used.

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