Hybrid
Direct
Equity Savings
NAV as on 05-09-2024
₹ 35.41
▲0.1%
1D
Inception Returns
10.5%
/yr
HSBC Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Cheenu Gupta. This fund gives you the benefit of diversification.
HSBC Equity Savings Fund Direct Growth has given a CAGR return of 10.50% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.16%, 13.48% and 14.72% respectively.
HSBC Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Government, Corporate, Basic Materials, Financial Services, Consumer Cyclical, Tech, Consumer Defensive, Real Estate, Health, Utilities, Energy.
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.There is no assurance that the investment objective of the scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. HSBC Equity Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.61% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹407 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
Lock In | No Lock-in |
TurnOver | 74.74% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderately High risk |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Industrial, Government & Corporate
HSBC Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.42% | 2.42% |
6 Month Returns | 13.09% | 13.09% |
1 Year Returns | 25.16% | 25.16% |
3 Years Returns | 46.14% | 13.48% |
5 Years Returns | 98.74% | 14.72% |
AAA | 100 |