Canara HSBC Life Unveils Fund Linked to New Age Consumption Trends

Canara HSBC Life Insurance Company Limited (“Canara HSBC Life Insurance”) today 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 & GenZ.

As India gets closer to its goal of becoming a $5 trillion economy and is on track to emerge as a $30 trillion (~₹2,640 lakh crore) economy by 2047, a significant part 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. This coupled with rapid urbanization, supportive government initiatives such as GST 2.0 and enhanced access to financial tools have enabled growth momentum in consumption. Nifty India New Age Consumption Index proves this trend with a strong five-year CAGR of 26.6%, outperforming broader indices such as Nifty 500 TRI (21.1%) and Nifty 50 TRI (18.6%) as of 31st October 2025.

The NextGen Consumption Fund is an actively managed fund with Nifty India New Age Consumption Index as its benchmark. The NextGen Consumption Fund uniquely invests in companies that reflect rising consumption driven by the younger generation. This 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.

Key Features of the NextGen Consumption Fund:

• Growth-Oriented Equity Investment: invests primarily in stocks aligned with emerging consumption trends and digital adoption.
• A Fund for the Future: Designed to help investors participate in the expected multi-trillion-dollar consumption growth driven by India’s next generation of consumers.

Commenting on the launch, Jyoti Vaswani, Chief Investment Officer, Canara HSBC Life Insurance, said, “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.”

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. The fund, carrying a high-risk profile, 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.