PNB MetLife Pension Mid Cap Fund

What is the PNB MetLife Pension Mid Cap Fund?

PNB MetLife Pension Mid Cap Fund is an equity-focused Pension Plan Fund that aims for long-term growth by investing in mid-cap stocks with high potential. It offers a balanced mix of stability and growth, targeting retirement wealth. With a 10-year return of 23.45%, it is suitable for risk-tolerant investors. The fund is available with the newly launched investment plan, PNB MetLife Smart Invest Pension, that offers tax-free benefits with no charges. This pension fund is offered at an initial NAV of ₹10 during the NFO period.

Highlights of PNB MetLife Pension Mid Cap Fund

What are the Key Reasons to Invest in PNB MetLife Pension Mid Cap Fund?

• The PNB MetLife Pension Mid Cap Fund allows you to invest in the future of large-cap companies, offering both stability and investment growth.

• The Midcap Fund has delivered impressive Returns Since Inception (RSI) of 23.45%.

• This actively managed fund is designed to offer a balanced mix of stability and growth.

• It is available with the newly launched Smart Invest Pension, which comes with no charges.

• 60% of the corpus is tax-free. There is no premium cap for PNB MetLife pension plans.

• The fund is designed to be simple, tax-free, and does not require any medicals.

• The new fund will launch at an NAV of ₹10, with the launch date on 1st February and the last date on 14th February 2025.

• Given the current market scenario, a dedicated fund manager is essential to drive optimal returns for investors.

What is a Pension Mid Cap Fund?

The Pension Mid Cap Index is a market index that tracks the performance of PNB Mid Cap Fund which include companies with a medium market capitalization. The PNB Mid Cap Fund has consistently outperformed the benchmark BSE Midcap Index.

The PNB Midcap Fund consists of companies that are considered to have growth potential, balancing risk and reward. The index is often used by pension funds and retirement plans to invest in mid-sized companies that can provide higher returns over time.

Benefits of Investing in the PNB Midcap Fund:

• Potential to Beat the Benchmark: The PNB midcap fund has the potential to outperform its benchmark.

• Flexibility in Volatile Markets: The fund is more adaptable in fluctuating markets, with real-time portfolio adjustments.

• Proven Track Record: PNB midcap funds have consistently outperformed benchmarks.

• Expert Research & Fund Management: The fund benefits from the expertise and research of skilled fund managers.

• Lower AUM for Better Management: A smaller Asset Under Management (AUM) makes it easier to manage, resulting in higher returns.

Performance of PNB Midcap Fund Against Benchmark Indices

[Source: nseindia.com]
Data updated as of  January 30, 2024.

Sectoral Representation of PNB Midcap Fund

Companies of Pension Midcap Fund

What are the Features of a Midcap Fund?

The midcap fund is a perfect mix of high returns with the features of stability, diversity, and growth:

• Stability: Midcap companies are stable, with established records and have moved from small caps to mid caps.

• Diversity: Investing across various industries and sectors helps diversify risk and reduce it effectively.

• Growth: Midcap companies are in a growth phase with a superior growth profile, offering more flexibility than large caps, and have the potential to drive faster growth.

• Future Leaders: Well-managed, fundamentally strong mid-cap companies have the potential to become future leaders in the large-cap category.

• High Growth Potential: These companies offer significant growth prospects as they are more flexible and still in the growth stage of their business life cycle.

• Diversification Across Sectors: The investment is spread across companies from a variety of industries and sectors, providing a diversified portfolio.

• Aligned with India's Growth Story: These companies cater to the domestic market, benefiting from increased consumer spending and government initiatives like "Make in India."

Why Should You Invest in PNB MetLife Insurance?

• PNB: PNB is India’s second-largest public sector bank with over 127 years of experience, a vast network of 10,136 branches, and a global business worth ₹23.53 lakh crore.

• MetLife: MetLife is a global leader in life insurance, with more than 150 years of experience. It offers life, accident, health, retirement, and savings products in over 40 markets worldwide, serving 90 of the top 100 Fortune 500 companies. Fortune Magazine also recognized MetLife as one of the World's Most Admired Companies in 2022.

• PNB MetLife: PNB MetLife has a presence across India with 155 offices and manages over ₹50,000 crore in assets under management. The Claim Settlement Ratio (CSR) of PNB MetLife is 99.2%.

• MetLife & PNB Partnership: The partnership between MetLife and PNB combines over 265 years of collective experience and trust in the financial sector.

• PNB’s Financial Strength: PNB’s domestic deposits exceed ₹13.33 lakh crore, with a total domestic business surpassing ₹22.75 lakh crore. As of December 2020, it serves around 18 crore customers and reported an operating profit of ₹24,931 crore and a net profit of ₹8,245 crore in FY 2024.

• PNB’s Amalgamation and Growth: The amalgamation of the Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with PNB was completed on April 1, 2020. The net profit recorded in Q4 of FY 2023 was the highest since the merger.

How To Buy PNB MetLife Pension Mid Cap Fund From Policybazaar?

You can follow the below-mentioned steps to buy the PNB MetLife Pension Midcap Fund from Policybazaar:

• Step 1: Start by filling in your name and contact number in the form on this page.

Note: Your details will be kept private and used only to tailor your benefits.

• Step 2: You can also view the available plans by clicking the "View Plans" button below.

  View Plans

• Step 3: After logging in, you will need to provide your city, age, and annual income. This helps personalize the benefits for you.

• Step 4: Once you have entered your details, you will see the PNB MetLife Pension Plans on a blue and red card. Select the PNB Metlife Pension Midcap Fund that fits your needs.

• Step 5: Click the "Get Details" tab for more information about the fund. You can also click "Talk to an Expert" for a free consultation.

• Step 6: Review the plan details carefully. If you're happy with it, click the "Proceed" button and follow the steps on the screen to continue.

• Step 7: Enter the necessary details and select the amount you want to invest. Choose your preferred payment method.

• Step 8: Complete your KYC (Know Your Customer) details. This is a required step for compliance.

• Step 9: Finalize your payment. After the payment is successful, you will receive a confirmation of your purchase.

What are the Benefits of Purchasing the PNB MetLife Pension Mid Cap Fund From Policybazaar?

You can avail of the following benefits by investing in the PNB MetLife Pension Midcap Fund through Policybazaar:

• Ease of Access: You can invest digitally in the PNB MetLife Pension Mid Cap Fund, without the need to visit banks or interact with agents.

• Plan Comparison: Compare different investment plans, including the latest funds, to make well-informed decisions and secure the best deals.

• Professional Support: Receive expert guidance to choose the NFO plan that best aligns with your financial goals and needs.

• Tax Savings: Take advantage of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act when you invest through Policybazaar.