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The PNB MetLife BSE 500 Enhanced Value 50 Index Fund is a passively managed market-linked fund available through selected PNB MetLife ULIPs. The fund tracks the BSE 500 Enhanced Value 50 (Special Capping) Index, which identifies 50 companies from the BSE 500 universe using value-focused parameters such as Book-to-Price Ratio, Earnings-to-Price Ratio and Sales-to-Price Ratio. The strategy follows a transparent, rule-based methodology and is reviewed quarterly. The fund combines market-linked investment opportunities with life insurance protection through eligible ULIP Plans. Market-linked investments are subject to market risks.
Key Benefits
Value investing is one of the oldest and most trusted investment philosophies in the whole world. The basic idea is actually quite simple.
Instead of investing in popular companies where almost everyone is putting their money, value investing only invests in businesses with strong financials and fundamentals These are usually available at prices that may not fully reflect their actual worth.
Think about shopping during a sale period. If favourite branded shoes are available at 40% discount, most people will grab them immediately because they already know the actual value of those shoes.
Value investing follows almost the same kind of thinking. Investors try to identify good companies when prices are still attractive, instead of waiting until everybody starts talking about them loudly.
Over time, markets usually start recognising the real value of these businesses. That is where long-term investors may actually benefit from patience.
This strategy does not depend on market rumours or social media trends at all. It depends on numbers, business quality and disciplined investing approach.
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The PNB MetLife Enhanced Value Index Fund (SFIN: ULIF04301/07/26ENHANVALUE117) is a passively managed fund designed to follow the BSE 500 Enhanced Value 50 (Special Capping) Index.
The strategy starts with the BSE 500 universe, which includes many of India’s leading listed companies across multiple sectors. From these 500 companies, the index systematically selects 50 businesses that show attractive value characteristics using a transparent, rules-based methodology.
There is no emotional investing here. No guessing. No chasing market hype at all. The portfolio follows a predefined investment process based on measurable financial parameters only.
When investing through eligible PNB MetLife ULIPs like PNB MetLife Smart Goal Ensuring Multiplier, one not only gets exposure to this market-linked strategy but also receives life insurance protection alongside.
That is what makes this different from simply investing in an equity fund alone. Here, the investment journey also comes with financial protection for loved ones.
Whether someone is starting their investment journey fresh or planning for long-term financial goals, experts can help understand if the Enhanced Value Index Fund fits individual investment objectives properly.
Simply share details, and an advisor will connect shortly.
Most people don’t buy investments after doing proper research at all. They buy because someone on social media recommended it casually. Or because everyone around them is talking about one particular stock very excitedly. Sometimes they panic badly during market corrections. Sometimes they only buy after prices have already reached new highs and excitement is everywhere.
Some common mistakes investors make include:
These decisions mostly happen because emotions take over logic completely. The Enhanced Value Index Fund follows an exactly opposite approach. It relies on data only. It follows rules. It focuses on value.
Imagine selecting a cricket team. Would someone simply choose the most famous players available?
Probably not.
A winning team always needs balance. It needs dependable performers who contribute regularly. It needs players who consistently deliver results, even if they are not making headlines every single day.
The smartest selector never builds a team based on popularity alone. The smartest selector builds a team based on actual value and consistent performance.
This fund works in a similar way.
Instead of chasing the loudest names in the market, it focuses on businesses that offer long-term potential based on financial strength and valuations. Sometimes, the best opportunities are honestly the ones everyone else is completely ignoring.
This strategy follows a disciplined investment process.
The journey starts with the benchmark, i.e., the BSE 500 Index, which includes a wide universe of the leading Indian companies across various sectors.
The strategy uses multiple value-related criteria to identify companies undervalued by the market.
Rather than relying on the fund manager's subjective call, companies are selected using a rule-based methodology.
Only the top 50 companies meeting attractive value criteria are included in the index.
As markets are dynamic, so are businesses; hence, the index undergoes a quarterly review in March, June, September, and December to ensure that the fund adheres to the value investing philosophy.
There are three main indicators used in selecting companies for the Enhanced Value Index Fund.
Book-to-Price Ratio is the ratio that measures and tells investors how much a company's market price is based on its book value. The higher the book-to-price ratio, the greater the potential to find an undervalued business.
This shows the company's earnings relative to its current price. The company generating higher earnings relative to its price might be a good investment opportunity.
This is indicative of sales relative to the company's valuation. Companies generating strong sales but trading at relatively low valuations could qualify for index inclusion.
Together, these three criteria will help in making an objective stock selection process.
| Fund Name | PNB MetLife Enhanced Value Index Fund |
|---|---|
| SFIN | ULIF04301/07/26ENHANVALUE117 |
| Fund Type | Passive Equity Fund |
| Benchmark | BSE 500 Enhanced Value 50 (Special Capping) |
| Fund Manager | Ankur Kulshreshtha |
| Risk Profile | Very High |
| Launch Date | 1 July 2026 |
| NFL Closing Date | 13 July 2026 |
| NAV During NFL | ₹10 |
| Review Frequency | Quarterly |
A value-oriented approach focuses on identifying companies that may be priced differently from what certain financial and business-related parameters indicate. Rather than being influenced by short-term market movements, this approach relies on predefined and measurable criteria to select stocks. It follows a structured, rules-based methodology that emphasizes consistency and transparency in stock selection. The BSE 500 Enhanced Value 50 Index is designed using such a rules-based framework, selecting stocks based on specified value-related factors and index construction rules.
This information is intended for educational purposes only and should not be construed as financial advice, a recommendation, or a promise of future performance.
This fund may be suitable for investors who:
If the objective is to create wealth in the long term and not predict the market in the short term, then this investing philosophy will match theirs.
Here are some of the main reasons why you should choose PNB MetLife Enhanced Value Index Fund:
This fund invests as per the rule rather than emotion.
This fund invests in stocks based on undervaluation.
The portfolio includes 50 stocks selected from the BSE 500 universe across different industries.
Quarterly portfolio review ensures the sanctity of the investment philosophy.
Value investing has always been one of the most popular long-term investing philosophies all over the world.
Besides market-linked investments, life insurance protection is also provided by the ULIP of PNB MetLife.
Past performance does not guarantee future returns, but historical data helps investors understand how the strategy has performed across different market cycles.
| Time Period | BSE 500 Enhanced Value 50 (Special Capping) |
|---|---|
| 5-Year CAGR | 22.96% |
| BSE 500 Enhanced Value 50 (Special Capping) | ||||
|---|---|---|---|---|
| Date | Beginning Value | Ending Value | Period | CAGR Return |
| From 31st May 2016 to 31st May 2026 | ₹927.60 | ₹4,073.24 | 10 Year | 15.95% |
| From 31st May 2019 to 31st May 2026 | ₹1,155.60 | ₹4,073.24 | 7 Year | 19.72% |
| From 31st May 2021 to 31st May 2026 | ₹1,449.20 | ₹4,073.24 | 5 Year | 22.96% |
| From 31st May 2023 to 31st May 2026 | ₹1,914.10 | ₹4,073.24 | 3 Year | 28.62% |
| From 31st May 2025 to 31st May 2026 | ₹3,735.80 | ₹4,073.24 | 1 Year | 9.03% |
Disclaimer: The above illustrations are based on the historical performance of the BSE 500 Enhanced Value 50 (Special Capping) Index as on 31st May 2026 and are for illustration purposes only. Past performance of the index does not guarantee future returns. Market-linked investments are subject to market risks. Please read all scheme-related documents carefully before investing.
When you’re choosing to invest, It is not only about choosing a good fund. It is also about selecting a trustworthy partner for the long journey. PNB MetLife continues to provide innovative insurance and investment solutions to customers to enable them to achieve their financial goals in the long term. With over 25 years of service experience to customers across India, we know what it means to invest. Hence, we keep in mind all aspects of our precious customers.
With PNB MetLife, you get the following benefits:
Good investing is not about finding shortcuts at all. It is about staying patient, following a disciplined strategy and giving investments enough time to actually grow properly.
The PNB MetLife Enhanced Value Index Fund is built around that philosophy entirely. Rather than chasing what is popular today, it focuses on businesses that may create real value over the years ahead.
Combined with the protection of a ULIP, it gives an opportunity to work towards financial goals while also helping secure the family’s future at the same time. If someone is looking for a smarter, rule-based and long-term approach to market-linked investing, this New Fund Launch could be the right place to begin that journey. So, don’t wait; visit PNB MetLife and book your fund today!
Before investing, investors should consider:
The investment risk in the investment portfolio is borne by the policyholder. ULIPs do not offer liquidity during the first five policy years as per applicable policy terms and conditions.
The PNB MetLife Enhanced Value Index Fund is a market-linked fund that follows a value investing strategy. It looks for fundamentally strong companies that may be available at attractive valuations, instead of simply buying the most popular stocks in the market.
Think of it like shopping during a sale. You try to buy something valuable at a better price. Value investing works in a similar way. It focuses on finding good businesses that may be trading below their true worth and staying invested for the long run.
No. This is a passively managed fund. It follows a predefined, rule-based index methodology instead of depending on a fund manager's personal stock picking decisions.
No. This fund is available only through selected PNB MetLife Unit Linked Insurance Plans (ULIPs). So along with a market-linked investment, you also get life insurance cover.
A New Fund Launch is the period when a new fund is made available to investors for the first time. During this window, units are generally offered at the launch NAV, subject to policy issuance and applicable terms.
NAV means Net Asset Value, which is the price of one unit of the fund. During the New Fund Launch period, the fund starts with an NAV of ₹10 per unit.
Not really. This fund is designed for people who can stay invested for a longer period. Value investing usually takes time, so being patient can make a big difference.
No. Since it's a market-linked fund, returns are not guaranteed. The value of your investment can go up or down depending on market movements.
You can check your fund value anytime by logging into your PNB MetLife customer portal, using the mobile app, or by getting in touch with your advisor or customer support.
If you believe in long-term investing and don't want to keep chasing market trends every day, this fund can be a good option. It combines a disciplined value investing strategy with the added benefit of life cover through a ULIP.
This page/document is updated as on 01st July 2026.
THE UNIT-LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN UNIT-LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR. T&C apply.
PNB MetLife Enhanced Value Index Fund (ULIF04301/07/26ENHANVALUE117) is a passively managed fund with the BSE 500 Enhanced Value 50 Index (Customized) as its benchmark. Customized Index created and maintained by Enhanced Value Index for PNB MetLife India to meet IRDAI Investment norms.
^NAV of Rs.10/- will be applicable for duly completed proposals received from 1st to 13th July 2026 and issued on 14th July 2026. For policies issued after 14th July, the prevailing on the day of issuance will be applicable. For more details on risk factors, terms & conditions, please read the sales brochure carefully before concluding a sale.
**Zero Tax on ULIP investment up to Rs.2.5 Lakhs Annual Premium, Tax Benefits are as per Income Tax Act 1961, are subject to amendments made there to from time to time, Please consult your tax advisor for more details. Goods and Services Tax (GST) shall be levied as per prevailing tax laws. Sum Assured is 10 times the Annual premium.Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors. Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us. PNB MetLife Insurance Company Limited is the name of the Life Insurance Company and the Unit Linked Insurance Plan Names - PNB MetLife Smart Goal Ensuring Multiplier (UIN: 117L139V04) is only the name of the unit-linked life insurance contracts and do not in any way indicate the quality of the contract, their future prospects or returns. The various funds offered under these contracts are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The past performance of the funds is not indicative of the future performance. PNB MetLife India Insurance Company Limited. Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka. IRDAI Registration number 117 | CIN U66010KA2001PLC028883. The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks. Call us Toll-free at 1-800-425- 6969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. AD-F/2026-27/298
| Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers! IRDAI or its officials is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint. |
As your trusted life insurance partner, PNB MetLife covers COVID-19 claims. In the event of a death claim, please submit a signed claim form mentioning the policy number, a brief description of the insured event, and all other mandatory claim documents to the email addresses provided below. You may write to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. For death claim intimation or any queries, you can also call us at 1800-425-6969 (for customers calling from within India only), Monday to Saturday, between 10:00 am and 7:00 pm
PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance Plans, Term Plan, Protection Plans, Long Term Savings Plans , Retirement Plans & Child Education Plan.
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