Pratik Oswal, head of passive funds, Motilal Oswal AMC, said: “Motilal Oswal S&P BSE Financial Services ex-Bank 30 Index Fund offers investors the first of its kind opportunity to invest in the non-banking financial sector. The fund will invest in new-age financial companies from HFCs, NBFCs, exchanges, AMCs, insurance, card payment, and fintech etc. The fund will enable Indian investors to capitalise on the growth of financialisation of assets, shifting consumer mind set from saving to investing, and benefit from the companies that will gain from the consumption theme.”