HSBC Mutual Fund has launched HSBC Financial Services Fund. It is an open-ended equity scheme. It will invest in stocks of financial sector. This scheme can be invested between February 6 to February 20. The focus of this scheme is to give excellent returns to investors in the long term. This scheme will invest in stocks of lending and non-lending financial companies.
These stocks will be in portfolio
The portfolio of this scheme will include banks, NBFC, stock broking firms, asset management companies, credit rating agencies, insurance, fintech firm and stocks of investment banks. Gautam Bhupal, Senior Vice President of HSBC Mutual Fund, will manage this fund. This scheme will track the BSE Financial Services Index Tri as a benchmark.
Growth of economy will benefit
Kailash Kulkarni, CEO of HSBC Mutual Fund, hoped for good growth of the financial sector. He said that this sector will get the benefit of India’s growing economy. He said, “India’s GDP is expected to increase from $ 3.4 lakh crore to 2047 to $ 30 million. It will be 8.8 times as compared to now. Financial sector growth is expected to be doubled. It is expected to double. You will get the benefit of target. “
Return of old funds good
There are already more than three dozen financial services funds in the market. These funds have been performing good. Some schemes have given very good returns in the last three years. The return of the growth option of Invesco India Financial Services Fund is 19.43 percent in the last three years. The return of the growth option of ICICI PRU Banking & Financial Services Fund has been 13.78 percent in the last three years. The return of the growth option of SBI Banking and Financial Services Fund has been 17.13 percent in the last three years.
No lack of stocks for investment
Experts say that many investment options are available for this category funds. The scope of the financial sector including banking and NBFCs is quite large. It has all the small and big market capitalization companies and banking stocks available. Banking stocks have better private and public bank stocks. Many banking stocks have performed medium and longer in long periods.
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Should you invest?
HSBC Mutual Fund has 44 open-ended funds in the market. These include equity, date, hybrid and index funds. The asset under management (AUM) of HSBC Mutual Fund was Rs 1.25 lakh crore on December 31, 2024. Experts say that since there are already several financial services funds in the market, investors can decide to invest in them based on their performance. However, investing in thimatic funds has its own risk. It would be good to decide to invest only after understanding it properly. Investors can take the opinion of your financial advisor about this.