HSBC ELSS Tax saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 146.53
1D
Inception Returns
16.7%
/yr
About HSBC ELSS Tax saver Fund Direct Growth
HSBC ELSS Tax saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sonal Gupta. The fund could potentially beat inflation in the long-run.
Key Parameters
- HSBC ELSS Tax saver Fund Direct Growth has ₹4253 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
HSBC ELSS Tax saver Fund Direct Growth has given a CAGR return of 16.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.21%, 21.38% and 20.91% respectively.
Holdings
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
Taxation
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.
Investment objective of HSBC ELSS Tax saver Fund Direct Growth
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 and lockin period
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
Historical NAV & Returns
Annualised
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984 people have invested ₹ 75.8L in HSBC ELSS Tax saver Fund Direct Growth in the last three months
INDmoney Rank for HSBC ELSS Tax saver Fund Direct Growth
Powered by IND quant engine
16
/23
58% Performance
43% Risk Management
0% Cost
16 out of 23 among elss (tax savings)
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Poor track record of Recovering losses quickly
HSBC ELSS Tax saver Fund Direct Growth Overview
| Expense ratio | 1.1% |
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 | Selling mutual fund 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 |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
49%
Small cap
28.1%
Mid cap
20.4%
Sector Allocation
Financial Services
23.4%
Industrial
20.4%
Consumer Cyclical
17.7%
Tech
11.4%
Basic Materials
6.3%
Health
5.6%
Energy
4%
Utilities
3.5%
Consumer Defensive
3.4%
Real Estate
2.3%
Communication
1.8%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 2.02% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 2.61% in Nov'24
- AUM of the fund stands at 4.3K Cr as of Nov'24
- AUM decreased by 232.1 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Transformers & Rectifiers (India) Ltd's allocation increased from 1.12% to 1.72%
Pearl Global Industries Ltd's allocation increased from 0.58% to 0.88%
Infosys Ltd's allocation increased from 2.94% to 3.2%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.13 % to 2.98 %
Trent Ltd's allocation decreased from 2.67 % to 2.16 %
Persistent Systems Ltd's allocation decreased from 3.3 % to 2.02 %
Mid Cap allocation has gone down from 21.6% to 20.4%
Large Cap allocation has gone down from 51.3% to 49%
Small Cap allocation has gone up from 26.7% to 28.1%
Cash allocation has gone up from 0.4% to 1.7%
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Nov'24
Financial Services
23%
Industrial
20%
Consumer Cyclical
18%
Oct'24
Financial Services
23%
Industrial
21%
Consumer Cyclical
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 4.74% | 0% | |
 ICICI Bank Ltd | 3.51% | 0% | |
 Infosys Ltd | 3.2% | 10.2% | |
 Reliance Industries Ltd | 2.98% | 0% | |
 Larsen & Toubro Ltd | 2.57% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Pearl Global Industries Ltd | 19.6% |
 Zomato Ltd | 7.6% |
 Avalon Technologies Ltd | 5.9% |
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Sonal Gupta
Fund Manager of HSBC ELSS Tax saver Fund Direct Growth, since 21 July 2021
Top funds managed
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.3L Cr
as on 29-Nov-2024
Address
HSBC Asset Management (India) Private Ltd.,16, V N Road,,Fort
Phone
+912266145000
Website
hsbcmf@hsbc.co.in
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.67% return, outperforming this fund by 11.76% per annum.
Over the last 1 year, this fund has decreased expense ratio by 2.7% moving from 1.13 to 1.10.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.44% return, outperforming this fund by 9.05% per annum.
Over the last 3 months, this fund has experienced a 3.8% drop in AUM moving from 4.42K Cr to 4.25K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 52.84% return, outperforming this fund by 14.63%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.1% which is lower than the category average expense ratio of 1.28%.
HSBC ELSS Tax saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.69% since inception which is more than its category average return of 15.88%
Fund Allocations
This fund has an allocation of 98.3% in Equity, 0% in Debt and 1.7% in Cash related instruments
AUM size ₹4253 Cr
This fund has AUM of ₹4253 Cr which is more than its category average of ₹ 3992 Cr
Expense Ratio 1.1%
This fund has an expense ratio of 1.1% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for HSBC ELSS Tax saver Fund Direct Growth
The current NAV of HSBC ELSS Tax saver Fund Direct Growth is ₹146.53 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
HSBC ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.08% | 7.08% |
6 Month Returns | 9.31% | 9.31% |
1 Year Returns | 38.21% | 38.21% |
3 Years Returns | 78.84% | 21.38% |
5 Years Returns | 158.36% | 20.91% |
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1.1% as on November 2024
₹4253 Cr as on November 2024
HDFC Bank Ltd(4.74%), ICICI Bank Ltd(3.51%), Infosys Ltd(3.2%), Reliance Industries Ltd(2.98%), Larsen & Toubro Ltd(2.57%) as on November 2024
Financial Services(23.05%), Industrial(20.09%), Consumer Cyclical(17.41%) as on November 2024
The alpha ratio for the HSBC ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 13.4 | 3.74 | 1.38 |
As on November 2024
The alpha for HSBC ELSS Tax saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HSBC ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 0.85 | 0.96 | 0.96 |
As on November 2024
The Beta for HSBC ELSS Tax saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HSBC ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 2.5 | 1 | 0.81 |
As on November 2024
The sharpe ratio for HSBC ELSS Tax saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HSBC ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 11.61 | 13.9 | 19.09 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.81 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.77 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sonal Gupta is the fund manager of HSBC ELSS Tax saver Fund Direct Growth
The Exit load of HSBC ELSS Tax saver Fund Direct Growth is 0%