HSBC Mutual Fund has announced the launch of the HSBC Financial Services Fund under a new initiative. The fund is an open-ended equity plan, which will mainly focus on investing in the field of financial services. The new fund offer (NFO) is open from 6 February 2025 and will close on February 20, 2025.
The purpose and opportunities of investment
The fund aims to take advantage of development opportunities in the field of financial services of India. Due to increasing financial inclusion, digitization and favorable regulatory policies, India's financial sector is growing rapidly. With the growth of converting people's savings into financial wealth, there is a lot of possibilities in the sector.
The main goal of the fund is to invest in banks, non-banking financial companies (NBFCS), asset management companies, insurance companies, financial technology (FINTECH) and payment companies. Some of these companies do traditional transactions, while others provide non-trading services.
Fund management and strategy
The fund will be managed by Gautam Bhupal, SVP Fund Management (Equity), who have a deep understanding of investment opportunities in the field of financial services. A comprehensive portfolio will be created to achieve long -term capital in the fund. Factors such as the basics of the business, the structural status of the business, the strength of the rivals, the quality of the management and the financial ability will be considered when making a stock selection.
The opportunity for investors
HSBC Financial Services Fund is especially suitable for investors who want to get capital in the long run. The fund aims to benefit from the development of India's financial sector, which is increasing rapidly in areas such as insurance, capital market, depository, fintech and currency management.
CEO's statement
Neil Parikh, CEO of HSBC Mutual Fund, said, “India's GDP is likely to grow huge by 2047, which will lead to a huge rise in the financial sector.” The financial ecosystem is changing due to the changing mentality of technology and investors. This fund will provide long -term benefits to investors by targeting the opportunity to arise. ”
The fund will track the BSE Financial Services Index
The fund will track the BSE Financial Services Index. It is advisable to read all the documents of the plan before investing.
Note: The information provided here is provided only for the purpose of information, it is important to mention that the investment in the market is subject to the risks of the market. So always consult an expert before investor. TV9 Gujarati never gives anyone an investment advice.
. Source
