HSBC Mutual Fund today announced the launch of the HSBC Financial Services Fund, an open-ended equity scheme investing in the financial services sector. The New Fund Offer (NFO) opens on February 6, 2025, and closes on February 20, 2025.
The financial services sector plays a crucial role in economic growth and development of the country. Driven by increasing financial inclusion, digitalisation, and supportive regulatory policies along with the shift towards Indian households channelizing their savings into financial assets, has meant that the sector is on a growth trajectory. The HSBC Financial Services Fund aims to capitalise on the growth opportunities and potential of the financial services sector.
The fund will be managed by Gautam Bhupal, SVP fund management Equities, HSBC Mutual Fund, who has strong expertise in leveraging the depth of opportunities the financial services sector has to offer, thereby providing investors the opportunity to benefit from India’s long-term growth story. This product is suitable for investors who are seeking to create wealth over the long term.