PNB MetLife Launches Dividend Leaders Index Fund for Long-Term Wealth Creation

PNB MetLife India introduces the Dividend Leaders Index Fund under ULIP Plans, focusing on long-term financial growth. Offered with Policybazaar, this passive equity fund invests in top dividend yield companies, providing systematic wealth growth with life cover. It's benchmarked against the BSE 500 Index.

PNB MetLife India Insurance Company Limited, recognized as one of India's premier life insurers, has unveiled its latest financial product, the PNB MetLife Dividend Leaders Index Fund. This initiative aims to empower customers with flexible and long-term financial planning options, integrated within their Unit Linked Insurance Plans (ULIPs).

The newly launched fund is structured to cater to those interested in a disciplined, passive approach to equity investing. It invests in high dividend-yielding companies, delivering stable financial growth and goal-oriented planning. During its New Fund launch period, starting January 16, the fund will open at an initial unit price of INR 10, with the first Net Asset Value (NAV) slated for January 30.

Built in partnership with Policybazaar, this fund is benchmarked against the BSE 500 Dividend Leaders 50 Index. It also provides life cover, reinforcing the financial protection aspect. By reinvesting dividends into top-performing companies across various sectors, the fund aims to build wealth consistently, with Sameer Bansal, MD & CEO, emphasizing the focus on simplifying financial planning for future security.

(With inputs from agencies.)