HSBC Mutual Fund has announced the launch of its maiden Exchange Traded Fund (ETF) offerings in India with the introduction of the HSBC Gold ETF and the HSBC Gold ETF Fund of Fund (FoF), marking the company’s entry into the ETF segment in the country. The New Fund Offer (NFO) for the schemes opens this week. The HSBC Gold ETF NFO will remain open for subscription from March 16 to March 18, 2026, while the HSBC Gold ETF Fund of Fund will accept investments from March 19 to March 25, 2026. Both schemes will be managed by Dipan Parikh of HSBC Mutual Fund.
The HSBC Gold ETF will invest primarily in physical gold or gold-related instruments and its performance will be benchmarked against the domestic price of gold. Meanwhile, the HSBC Gold ETF FoF will invest mainly in the units of the HSBC Gold ETF. During the NFO period, investors can participate with a minimum investment of Rs 5,000 and in multiples of Re 1 thereafter.
Commenting on the launch, Kailash Kulkarni, CEO of HSBC Mutual Fund, said gold has long been an important asset in Indian households and is increasingly being viewed as a key pillar of asset allocation and portfolio diversification. He noted that gold ETFs enable investors to gain exposure to gold without the complexities of physical storage or handling. Venugopal Manghat, CIO – Equity at HSBC Mutual Fund, said gold’s low correlation with equities makes it an effective hedge during periods of market volatility and can help investors manage portfolio risk and maintain long-term stability. In Guwahati, investor interest in gold-linked investment products has been rising steadily in the region, particularly among young investors and salaried professionals seeking diversification beyond traditional gold purchases. With gold continuing to hold strong cultural and investment value in Assam, the launch of digital gold investment options such as ETFs is expected to attract investors in the Guwahati market, offering them a regulated and convenient route to participate in gold price movements without buying physical bullion.