The fund, priced at a NAV of ₹10 per unit, will remain open for subscription from November 18 to November 24.
The company said the fund is designed to track emerging consumption trends shaped by India’s younger population. It benchmarks the Nifty India New Age Consumption Index, which has delivered a 26.6% CAGR over five years, outperforming the Nifty 500 TRI and Nifty 50 TRI as of October 31, 2025.
According to the insurer, the new fund aims to capture opportunities linked to India’s long-term economic expansion and demographic profile. India’s median age of 28.8, rising disposable incomes, rapid urbanisation, and policy measures such as GST 2.0 are among the factors the company cites as supporting consumption-led growth.
“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 give investors structured exposure to sectors benefiting from this shift.
The NextGen Consumption Fund will invest 60–100% in equities and 0–40% in money market instruments and others, classifying it as a high-risk option. Its focus sectors include e-commerce, fintech, automobiles, consumer services, consumer durables, financial services, real estate, telecom and retail, all of which the insurer identifies as part of India’s consumption ecosystem.
Canara HSBC Life Insurance, incorporated in 2007, operates through a bancassurance-led model with more than 100 branches across the country as of September 30, 2025. The joint venture is promoted by Canara Bank and HSBC Insurance (Asia Pacific), with Punjab National Bank also holding a stake.
