Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The fund is available at an initial unit price of ₹10 per unit till February 28, 2025.
It can be accessed through PNB MetLife’s ULIP plans, including Smart Platinum Plus, TULIP, Goal Ensuring Multiplier, and Mera Wealth Plan. For policies issued after February 28, the prevailing NAV will apply.
The fund targets market-linked returns by selecting stocks that have demonstrated strong price performance over the past 6 to 12 months. It provides exposure across large-cap, mid-cap, and small-cap segments, with stocks selected based on momentum-driven criteria and rebalanced semi-annually to align with market trends.
Sanjay Kumar, Chief Investment Officer, PNB MetLife, said, “The fund enables long-term wealth creation by focusing on stocks with sustained momentum, offering a transparent investment strategy.”
The fund aims to cater to the growing interest in passive strategies, adjusting based on market shifts, and providing a well-diversified portfolio for long-term wealth creation. As of December 2024, the benchmark index had ~35% Large Cap, ~50% Mid Cap, and ~15% Small Cap stocks.
PNB MetLife is a life insurance company in India, backed by MetLife, Inc. and PNB. The company operates through over 155 branches and bank partnerships.
It serves over 521 group relationships in India and has a network of over 28,000 financial advisors.
