HSBC Equity Savings Fund Direct Growth

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.

1. HSBC Equity Savings Fund Direct Growth has ₹407 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
2. The fund has an expense ratio 0.6.
   

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 benefit
Gains 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.