Private life insurer PNB MetLife India Insurance, on Monday announced the launch of a non-participating product, PMLI Small Cap Fund.
A ULIP is a combination of life insurance and investment, where a part of the premiums paid by the policyholder is utilised to provide life insurance coverage, while the remainder (post expenses, if any) is invested in various equity and debt instruments or a combination of both, according to the policyholder’s risk appetite.
Commenting on the launch, Sanjay Kumar, chief investment officer at PNB MetLife, said, “The small cap fund presents exciting potential for investors to benefit from economic reforms and macro-economic tailwinds by capitalising on stock selection backed by thorough fundamental research.”
“The small cap fund aims to invest in a basket of mainly small-sized companies that exhibit the potential to be future large caps and are well-placed to benefit from India’s strong economic growth. The fund advocates a long-term investment horizon to ride over the short-term fluctuations and capture long-term growth potential,” Kumar added.
First Published: Feb 20 2024 | 11:41 AM IST