If you are thinking of investing in mutual funds, then this news is of your use. Actually, HSBC Mutual Fund (HSBC MF) has launched its new open-end equity scheme 'HSBC Financial Services' fund. This fund will invest in financial sector shares.
The purpose of this scheme is to provide the best returns to the investors in the long term. This scheme can be invested between 6 February to 20 February 2025.
The portfolio of the scheme will include banks, NBFCs, stock broking firms, asset management companies, credit rating agencies, insurance, fintech firms and stocks of investment banking companies. Gautam Bhupal, Senior Vice President of HSBC Mutual Fund, will manage this fund. The scheme will track BSE Financial Services Index TRI as benchmarks.
Experts have hoped for a good increase in it. Experts say that this sector will benefit from India's growing economy. India's GDP is expected to increase from $ 3.4 trillion to 30 trillion by 2047. This will be 8.8 times more than now. The growth rate of the financial sector is expected to double. This will benefit the target of India developed in 2047.
HSBC MF has 44 open-end funds in the market. These include equity, date, hybrid and index funds. As of December 31, 2024, the property (AUM) under the management of HSBC Mutual Fund was Rs 1.25 lakh crore. Experts say that since many financial services funds are already available in the market, investors can decide to invest in them based on their performance. However, inherent funds have their own risk of investing. It would be better to take the decision of investment well. Investors can consult their financial advisor in this regard.
There are already more than three dozen wealth service funds in the market and these funds have done well. In the last three years, some schemes have given quite good returns. In the last three years, the return of ICICI India Financial Services Fund is 19.43 percent on the option. The return on the growth option of ICICI Pru Banking and Financial Services Fund has been 13.78 percent in the last three years. In the last three years, the return on the growth option of SBI Banking and Financial Services Fund has been 17.13 percent.
The objective of this scheme is to invest mainly in security related to equity and equity of companies engaged in financial services businesses. This investment will include traditional landing segments and non-lunding segments. Companies in the field of financial services include:
Shailendra Kulkarni, CEO of HSBC Mutual Fund, said, India's GDP is estimated to increase 8.8 times from $ 3.4 times to $ 30 trillion by 2047, and at the same time this GDP of this financial sector is expected to increase twice so that India is expected to grow twice so that India 2047 K. Can achieve the purpose. In this rapidly growing financial scenario, we are looking at a lot of depth in the non-lending sector, including areas such as capital markets, insurance, mutual funds and mudrashan. Due to technical and changing mentality of investors, financial ecosystem is changing. Our fund is to take advantage of these emerging development possibilities.
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