NFO Alert: Canara HSBC Life Insurance Launches NextGen Consumption Fund

Canara HSBC Life Insurance has introduced the NextGen Consumption Fund, an equity-oriented investment option available under its Wealth Edge and SecureInvest plans. The fund is offered at an NAV of ₹10 per unit and will remain open for subscription from November 18 to November 24. 

The insurer states that the offering is designed to capture opportunities arising from India’s evolving consumption landscape, especially trends driven by a younger and digitally active population.

Benchmark and Market Context

The fund is benchmarked to the Nifty India New Age Consumption Index, which has delivered a 26.6% CAGR over the past five years, outperforming both the Nifty 500 TRI and Nifty 50 TRI as of October 31, 2025. 

According to the company, India’s median age of 28.8, coupled with rising disposable incomes, accelerating urbanisation and policy reforms such as GST 2.0, are key factors strengthening long-term consumption-driven growth in the country. These indicators form the foundation for the fund’s investment strategy.

Investment Strategy and Sector Focus

The NextGen Consumption Fund will allocate 60–100% of its portfolio to equities and up to 40% to money market instruments and other assets, placing it in the high-risk investment category. 

Target sectors include e-commerce, fintech, automobiles, telecom, retail, consumer durables, financial services, real estate and consumer services. Canara HSBC Life Insurance highlights these as central to India’s expanding consumption ecosystem shaped by digital adoption and lifestyle shifts.

Industry Perspective

“The fund reflects how India’s evolving consumption landscape is being driven by a young, dynamic population and the digital wave,” said Jyoti Vaswani, Chief Investment Officer, Canara HSBC Life Insurance.

She added that the objective is to offer structured exposure to sectors benefiting from these long-term shifts.

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Conclusion

With the launch of the NextGen Consumption Fund, Canara HSBC Life Insurance aims to provide investors access to India’s new-age consumption growth themes. The subscription window remains open until November 24 at a starting NAV of ₹10.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.