CEO Speak

In November 2023, the Indian mutual fund sector continued its growth journey, witnessing a robust increase in assets under management (AUM). The industry has been showing a remarkable growth trajectory over the past few years. The AUM of the Indian mutual fund industry touched Rs 47.8 lakh Crores as on 31st October 2023. November 2023 saw a strong performance by the Indian stock markets and the Sensex posted their best month in 2023 in November. The domestic macroeconomic indicators also look good- economic growth has continued to remain strong with GDP growth of 7.6 per cent in Q2FY24. GST collections also increased in November 2023. Easing of global crude oil and fertiliser prices may also have a positive impact on India.

While markets and economic indicators are looking positive, we operate in a global economy with uncertain geopolitical dynamics around the world. Hence, being mindful of market cycles and possible volatility is the sign of a wise investor. Invest with a financial goal, choose your asset allocation as per your risk appetite and review your portfolio from time to time.

Importance of SIPs for wealth creation.

Systematic Investment Plans (SIPs) continue to be one of the important reflections of retail participation in the mutual fund space - SIPs recorded an all-time high monthly inflow of Rs 16,927.86 crores for October 2023. As we move into the last month of this calendar year, we would like to draw your attention once again to the significance of SIPs in wealth creation. This disciplined and systematic approach coupled with the power of compounding has evolved as a bedrock of a sustainable investment journey. The consistent increase in the AUM and number of folios in SIPs in the industry of a clear indicator of its value as an investment instrument and the growing investor confidence.

3 advantages for young investors to start an SIP:

You have age on your side - Early start means having the luxury of time in the market. SIPs help you build on your corpus over a long period of time and gain from the equity markets.

Cultivates financial discipline - SIP means regular periodic investments that inculcate the discipline of saving and investing.

Flexibility - You have liquidity and flexibility of increasing/ modifying your monthly investment amount as you make progress in life. SIPs give you the option of starting with small amounts.

Aspiring investors seeking to build long term wealth must consider SIPs as a part of their portfolio.

November also happens to be one year since the acquisition. It gives me immense pleasure to update you on the successful integration of schemes of the two institutions. It has been a year of learning and chartering new paths of growth. HSBC AMC today is more than ever before committed to the growth story of India.

We value the continued support and efforts of our distributing partners throughout this phase that has immensely contributed to this seamless transition and customer satisfaction. We also take this opportunity to thank our investors for their trust that they have consistently placed in us. The entire team at HSBC Mutual Fund is committed to bring you world class products and services.

Source: AMFI

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HSBC Mutual Fund – One prosperous year down, many more to come