HSBC Tax Saver Equity Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 24-12-2024
₹ 106.54
▲0.1%
1D
Inception Returns
16.6%
/yr
About HSBC Tax Saver Equity Fund Direct Growth
HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth has ₹260 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.6.
Returns
HSBC Tax Saver Equity Fund Direct Growth has given a CAGR return of 16.58% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.18%, 20.91% and 21.48% respectively.
Holdings
HSBC Tax Saver Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Health, Industrial, Communication, Energy, Consumer Defensive, Real Estate, Basic Materials. Its top holdings are ICICI Bank Ltd, Infosys Ltd, Multi Commodity Exchange of India Ltd, HDFC Bank Ltd, Dixon Technologies (India) 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 Tax Saver Equity Fund Direct Growth
To provide a reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 1 year to 3 years. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
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 Tax Saver Equity Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
1 people have invested ₹ 5.7K in HSBC Tax Saver Equity Fund Direct Growth in the last three months
INDmoney Rank for HSBC Tax Saver Equity Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
HSBC Tax Saver Equity Fund Direct Growth Overview
| Expense ratio | 1.6% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹260 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 19% |
| 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 (24-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
44%
Small cap
33.8%
Mid cap
20.1%
Sector Allocation
Financial Services
31.9%
Tech
13.3%
Consumer Cyclical
12.6%
Health
11.6%
Industrial
11.2%
Communication
4.7%
Energy
4%
Consumer Defensive
3.9%
Real Estate
3.7%
Basic Materials
3.1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.27% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.87% in Nov'24
- AUM of the fund stands at 258.1 Cr as of Nov'24
- AUM increased by 1.7 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Amber Enterprises India Ltd Ordinary Shares's allocation increased from 2.77% to 3.51%
Multi Commodity Exchange of India Ltd's allocation increased from 4.02% to 4.67%
Prudent Corporate Advisory Services Ltd's allocation increased from 3.13% to 3.77%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 5.91 % to 5.59 %
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 4.54 %
Reliance Industries Ltd's allocation decreased from 4.26 % to 3.88 %
Small Cap allocation has gone up from 31.8% to 33.8%
Mid Cap allocation has gone down from 20.8% to 20.1%
Large Cap allocation has gone down from 45.6% to 44%
Cash allocation has gone up from 1.8% to 2.1%
Top 3 Sectors in November were Financial Services, Tech & Consumer Cyclical
Nov'24
Financial Services
32%
Tech
13%
Consumer Cyclical
13%
Oct'24
Financial Services
30%
Tech
14%
Consumer Cyclical
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
PB Fintech Ltd | 17.2% |
 Dixon Technologies (India) Ltd | 14.5% |
 Infosys Ltd | 1.8% |
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Sonal Gupta
Fund Manager of HSBC Tax Saver Equity Fund Direct Growth, since 2 September 2024
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
Over the last 6 months, this fund has experienced a 18.1% growth in AUM moving from 220.35 Cr to 260.16 Cr.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 29.93% return, outperforming this fund by 9.03% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.44% return, outperforming this fund by 10.95% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.93% return, outperforming this fund by 15.75%.
HSBC Tax Saver Equity 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 16.58% since inception which is more than its category average return of 15.67%
Fund Allocations
This fund has an allocation of 97.94% in Equity, 0% in Debt and 2.06% in Cash related instruments
AUM size ₹260 Cr
This fund has AUM of ₹260 Cr which is less than its category average of ₹ 3945 Cr
Expense Ratio 1.6%
This fund has an expense ratio of 1.6% which is more than its category average expense ratio of 1.45%
Frequently Asked Questions for HSBC Tax Saver Equity Fund Direct Growth
The current NAV of HSBC Tax Saver Equity Fund Direct Growth is ₹106.54 as on 24-Dec-2024.
Existing (Absolute + CAGR) as on 24-Dec-2024.
HSBC Tax Saver Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.5% | 3.5% |
6 Month Returns | 14.1% | 14.1% |
1 Year Returns | 36.18% | 36.18% |
3 Years Returns | 76.76% | 20.91% |
5 Years Returns | 164.6% | 21.48% |
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1.6% as on November 2024
₹260 Cr as on November 2024
ICICI Bank Ltd(6.25%), Infosys Ltd(5.59%), Multi Commodity Exchange of India Ltd(4.67%), HDFC Bank Ltd(4.66%), Dixon Technologies (India) Ltd(4.54%) as on November 2024
Financial Services(31.28%), Tech(13.06%), Consumer Cyclical(12.33%) as on November 2024
The alpha ratio for the HSBC Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 17.21 | 4.56 | 2.11 |
As on November 2024
The alpha for HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 0.61 | 0.9 | 0.96 |
As on November 2024
The Beta for HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 3.02 | 1.08 | 0.85 |
As on November 2024
The sharpe ratio for HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 9.37 | 13.13 | 19 |
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 2.03 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.83 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 Tax Saver Equity Fund Direct Growth
The Exit load of HSBC Tax Saver Equity Fund Direct Growth is 0%