The new offering combines life insurance protection with equity exposure across Indian companies.
PNB MetLife India Insurance Company Limited has launched the PNB MetLife Momentum Quality Index Fund under its Unit Linked Insurance Plans (ULIPs).
The fund offers equity market participation combined with life insurance cover for Indian customers aiming for long-term capital growth.
The fund is available through two products: Smart GEM and SIPP Pro. For Smart GEM, the New Fund Offer period runs from 19 October to 29 October 2026. For SIPP Pro, the offer period runs from 19 October to 4 November 2026.
Both products offer an initial Net Asset Value of ₹10 per unit. Unit-linked insurance products carry a mandatory five-year lock-in period, and the policyholder bears the investment risk.
The fund tracks the customised BSE 500 Momentum Quality 50 Index.
It employs a rule-based, multi-factor strategy that combines two investment factors: momentum, which aligns with market trends to capture growth during market rises, and quality, which targets businesses with strong financial fundamentals.
Unlike traditional index funds that weigh companies solely by market size, this strategy aims to provide factor-based diversification across multiple sectors.
Sourabh Lohtia, Chief Marketing Officer at PNB MetLife, noted that the launch expands customer options for long-term financial planning by combining a structured investment strategy with the life cover provided by ULIPs.