Canara HSBC Life launches India manufacturing fund for ULIPs

The portfolio focuses on Automobiles, Capital Goods, Defence, Healthcare, and Metals.

Canara HSBC Life Insurance has launched the India Manufacturing Fund, a new addition to its Unit Linked Insurance Plan (ULIP) lineup, aiming to harness the potential of India’s manufacturing sector for long-term capital appreciation.

The limited-time New Fund Offer (NFO) is open until 21 November 2024, at an initial Net Asset Value (NAV) of Rs. 10.

This fund provides a diversified equity portfolio with a focus on companies in sectors like automobiles, capital goods, defence, healthcare, and metals.

The fund’s strategy centres on equity investments, with 60% to 100% allocated to equity and equity-related instruments, whilst the remaining 0% to 40% can be allocated to money market instruments.

Debt securities are not part of this fund’s allocation. The benchmark index, the Nifty India Manufacturing Index, reflects the manufacturing sector’s diversity by capping individual stock weights at 5%, enabling balanced exposure to India’s manufacturing landscape.

Follow the link for more news on

Life insurance

Also Read

GIC Re sees profit surge 24% YoY in H1 2024

ASEAN insurers struggle with quality, aand ccessibility in healthcare

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit