HSBC Mutual Fund has announced the launch of its new open-ended equity scheme, the HSBC Financial Services Fund, targeting long-term capital appreciation by investing primarily in the financial services sector. The New Fund Offer (NFO) will open on February 6, 2025, and close on February 20, 2025. The financial services sector in India is on a strong growth trajectory, fueled by factors like increasing financial inclusion, digitalization, and evolving regulatory policies. The HSBC Financial Services Fund seeks to capitalize on these growth opportunities by investing in a diversified portfolio of companies in both the lending and non-lending segments, including banks, asset management companies, insurance firms, fintech, and more.
Managing the fund, Gautam Bhupal, SVP Fund Management Equities at HSBC Mutual Fund, brings deep expertise in navigating the sector’s complexities to provide investors with exposure to India’s long-term growth potential. The fund will track the BSE Financial Services Index TRI. With the ongoing digital shift in financial services, the Guwahati is witnessing an increasing demand for financial products. Investors in the region are becoming more inclined to explore avenues like mutual funds, as local market trends indicate a growing interest in long-term wealth creation, supported by robust economic policies.
Kailash Kulkarni, CEO of HSBC Mutual Fund, emphasized India’s projected GDP growth, noting that the financial sector is set to outpace GDP growth, playing a crucial role in achieving the nation’s vision of a “Viksit Bharat” by 2047.