PNB MetLife India Launches Bharat Consumption Fund

By siliconindia  |  Friday, 15 November 2024, 10:17:40 AM IST

PNB MetLife India Launches Bharat Consumption Fund
PNB MetLife India Insurance Company, today launched a new investment option under its Unit Linked Insurance Plan (ULIP) offerings-Bharat Consumption Fund. This new fund opened today for subscription and will close on November 28, 2024 with an initial unit price of Rs 10. 
The Bharat Consumption Fund is available in PNB MetLife's ULIP plans, Goal Ensuring Multiplier, and Smart Platinum Plus, which provides life insurance cover and online-based investment choices. Through the fund, customers will tap into India's consumption market, expected to become the third-largest in the world at $4 trillion by 2030.
This fund constitutes an actively managed investment in the Indian consumer sectors in lines with the Nifty India Consumption Index, which has outperformed the Nifty 50. So to speak, there's no assurance of returns because it's market-linked, but there is a steady value stream on account of strategic portfolio management.
With an estimated 22% share of the global working-age population by 2030, India is projected to drive demand in various sectors including consumer goods, personal care, and e-commerce through its consumption growth.
"The Bharat Consumption Fund offers our customers an opportunity to invest in India’s economic growth”, said Sanjay Kumar, Chief Investment Officer at PNB MetLife.
Kumar said the fund’s focus is on long-term, risk-adjusted returns through a diversified portfolio.

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