NFO Update: Canara HSBC Life Insurance launches NextGen Consumption Fund

Canara HSBC Life Insurance Company has announced the launch of the NextGen Consumption Fund, a first-of-its-kind fund in the life insurance industry designed to provide customers with a unique opportunity to participate in India’s evolving consumption growth story, driven primarily by millennials and Gen Z.

The fund will be open for subscription from 18 November to 24 November 2025 at a NAV of Rs 10 per unit.

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The NextGen Consumption Fund is an actively managed fund with the Nifty India New Age Consumption Index as its benchmark. It uniquely invests in companies that reflect rising consumption driven by the younger generation. The fund targets the growth potential of the Indian economy by focusing on companies that cater to the changing lifestyles and demands of the next generation.

The fund will invest primarily in stocks aligned with emerging consumption trends and digital adoption and is designed to help investors participate in the expected multi-trillion-dollar consumption growth driven by India’s next generation of consumers.

“We are thrilled to launch the NextGen Consumption Fund, a first-of-its-kind offering in the life insurance industry, aligned with India’s growth story. This fund reflects how India’s evolving consumption landscape is being driven by a young, dynamic population and the digital wave. Our aim is to enable investors to participate in this transformation in a manner that is both forward-looking and well-rounded. The NextGen Consumption Fund underlines our commitment to delivering innovative, customer-centric investment solutions,” said Jyoti Vaswani, Chief Investment Officer, Canara HSBC Life Insurance.

The fund will focus on sectors including e-commerce, fintech, automobiles, consumer services, consumer durables, financial services, realty, telecom, and retail segments driving India’s consumption wave. Carrying a high-risk profile, it will invest 60–100% in equities and 0–40% in money market instruments and others, offering diversified exposure to companies driving India’s evolving consumption story.

As India approaches its aspiration of becoming a $5 trillion economy and moves towards an estimated $30 trillion (Rs 2,640 lakh crore) economy by 2047, a significant portion of this growth is being driven by a young and aspirational population. With India’s median age at 28.8, this generation has rising disposable income.

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This, combined with rapid urbanisation, supportive government initiatives such as GST 2.0 and enhanced access to financial tools, has enabled strong consumption momentum. The Nifty India New Age Consumption Index reflects this trend with a robust five-year CAGR of 26.6%, outperforming broader indices such as the Nifty 500 TRI (21.1%) and Nifty 50 TRI (18.6%) as of 31 October 2025.

Incorporated in 2007, Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank (36.5%) and HSBC Insurance (Asia Pacific) Holdings Limited (25.5%).