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PNB MetLife Pension Consumption Fund

The PNB MetLife Pension Consumption Fund is a New Fund Offering (NFO) that capitalizes on India's robust consumption growth story through strategic equity investments in consumption-focused sectors. Launching on 16th October 2025, this flexi-cap fund provides investors access to companies benefiting from India's expanding consumer market, tax reforms, and rising disposable incomes. The fund leverages the expertise of Amit Shah, who has delivered exceptional returns managing PNB MetLife's Mid-Cap Fund with a 22.1% return since inception.

Plans starting from ₹1000/month

Investment Plans

Generate wealthEarn 1 Cr^# in maturity with Zero LTCG tax^¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
Compare & Choose 30+ Plans and 150+ Fund options

What is the PNB MetLife Pension Consumption Fund?

The PNB MetLife Pension Consumption Fund is a flexi-cap equity fund that invests in companies driving India’s consumption-led growth. With the flexibility to invest across large, mid, and small-cap segments, it allocates 60–100% to equities and up to 40% to cash or money market instruments. Offered under PNB MetLife’s Smart Invest Pension and Pro plans, it aims to generate long-term wealth by capturing opportunities from India’s expanding consumer economy.

Highlights of PNB MetLife Pension Consumption Fund

Particulars	Details
Risk Profile	High
Pre NFO Date	16th Oct – 22nd Oct 2025
NFO Duration	23rd Oct – 31st Oct 2025
Current NAV	₹10
Minimum Investment	₹2,000 per month

Reasons Why You Should Invest in PNB MetLife Pension Consumption Fund

The fund manager of PNB MetLife Pension Consumption Fund has a strong track record, with the Mid-Cap Fund delivering 34.5% five-year returns and 22.1% returns since inception.
PNB MetLife's investment expertise is highlighted by 99% of their funds receiving 4 or 5-star Morningstar ratings, positioning them as one of India’s most decorated ULIP fund houses.
Recent tax reforms and GST 2.0 reforms have positively impacted consumption sectors, reflected by the Nifty India Consumption Index gaining 15.5% over the past six months, and auto sector returns reaching 26.3%.
The fund is structured as a zero-cost product under the Smart Invest Pension plans, optimizing returns by minimizing additional costs for long-term investors.
Market conditions are favorable for consumption-focused companies, which are well-positioned to benefit from increased consumer spending driven by government policy reforms and improved economic fundamentals.

India’s Consumption Story

Consumption accounts for nearly 60% of India’s GDP, marking it as a key driver of economic growth.
Private consumption’s share in nominal GDP rose from 60.2% in FY24 to 61.4% in FY25, the second-highest level in two decades, showing sustained demand strength.
India is the fifth-largest and fastest-growing consumer market globally, with a 10-year consumption CAGR of 7.2%.
The demographic dividend fuels this growth, with India adding 12 million to the working-age population annually; 68% of the population is in this productive age bracket.
Gen Z, comprising 377 million people, strongly influences consumption patterns, favoring digital, premium, and experience-driven products.
Private final consumption expenditure grew 7.2% in FY25, up from 5.6% in FY24, largely due to rebounding rural demand.
Consumer spending is shifting from essentials to higher-value, discretionary categories such as home improvement and personal care, fueled by premiumization.
Premiumization trends include consumers moving from detergent powders to liquids, CFL bulbs to LEDs, and feature phones to smartphones, signalling ongoing consumption potential growth.

Why Should You Invest in Consumption Funds in 2025?

The International Monetary Fund (IMF) has raised India's GDP growth forecast to 6.6% for FY 2025-26, emphasizing strong domestic consumption as a key driver of this expansion.
Domestic demand remains India’s biggest economic strength, contributing nearly 60% to the country’s GDP, supported by government reforms and expanding middle-class spending.
India is expected to become the world’s third-largest consumer market by 2030, fueled by higher disposable incomes, urbanization, and lifestyle upgrades.
Structural reforms like GST 2.0 and increased formalization of the economy are driving rapid growth across consumption sectors such as FMCG, auto, durables, and retail.
Rising per capita income and premiumization trends are pushing spending from essentials to discretionary categories, making 2025 a favorable period for investing in consumption funds.

Consumption Focused Stocks

bajaj-allianz-nifty-500-multifactor-50-index-pension

How to Buy PNB MetLife Pension Consumption Fund from Policybazaar?

Step 1: Fill in your name and contact number in the form on this page to get started.

Note: Your details are kept confidential and will only be used to customize your benefits.

Step 2: You can also visit the plans just by clicking view plans below

Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.

Step 4: After providing your personal information, you'll be presented with PNB MetLife Life Investment Plans on a blue and red card. Select the PNB MetLife Pension Consumption Fund option that best suits your needs.

Step 5: In the PNB MetLife Pension Consumption Fund, click the "Get Details" tab for more information. You can also get FREE expert consultation; just click on the talk to an expert button.

Step 6: Review plan details carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.

Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred payment method for your investment.

Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.

Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.

What are the Benefits of Purchasing the PNB MetLife Pension Consumption Fund from Policybazaar?

Convenience: Invest online in the PNB MetLife Pension Consumption Fund via Policybazaar to avoid physical bank or agent visits.
Comparison: Compare multiple investment plans, including new funds, to make informed decisions and find the best market deals.
Expert Guidance: Access financial experts who help select the right NFO plan based on your needs and goals.
Tax Benefits: Maximize tax advantages under Section 80C and Section 10(10D) of the Income Tax Act through investments with Policybazaar.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*Past 10 Year annualised returns as on 01-12-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).