Canara HSBC Life Insurance Company Limited on Tuesday announced the launch of the NextGen Consumption Fund, an industry-first offering aimed at capturing India’s fast-evolving consumption landscape shaped by millennials and Gen Z. The new fund will be available under the company’s Wealth Edge and SecureInvest plans, and will remain open for subscription from November 18 to November 24, 2025, at an initial NAV of Rs 10 per unit. Advertisement

The launch comes at a time when India is accelerating towards its ambition of becoming a $5 trillion economy, with long-term projections placing it on course to achieve a $30 trillion (Rs 2,640 lakh crore) size by 2047. A defining pillar of this trajectory is India’s young demographic—its median age of 28.8 reflects a population with rising disposabl

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