Equity
Direct
Elss (Tax Savings)
NAV as on 19-11-2024
₹ 139.99
▲0.8%
1D
Inception Returns
16.1%
/yr
HSBC ELSS Tax saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Cheenu Gupta. The fund could potentially beat inflation in the long-run.
HSBC ELSS Tax saver Fund Direct Growth has given a CAGR return of 16.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.01%, 17.62% and 19.65% respectively.
HSBC ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Energy, Utilities, Consumer Defensive, Real Estate, Communication. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.There is no assurance that the investment objective of the scheme will be realized.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for HSBC ELSS Tax saver Fund Direct Growth of 3 Years
Expense ratio | 1.6% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹4253 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 66.01% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (19-Nov-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
HSBC ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.69% | -5.69% |
6 Month Returns | 9.25% | 9.25% |
1 Year Returns | 38.01% | 38.01% |
3 Years Returns | 62.72% | 17.62% |
5 Years Returns | 145.23% | 19.65% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 12.44 | 3.86 | 0.86 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 0.88 | 0.95 | 0.96 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 2.78 | 0.94 | 0.8 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 12.46 | 13.96 | 19.09 |