HSBC Tax Saver Equity Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-11-2024
₹ 102.93
Inception Returns
16.2%
/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 Cheenu Gupta. The fund could potentially beat inflation in the long-run.
Key Parameters
- HSBC Tax Saver Equity Fund Direct Growth has ₹261 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.1.
Returns
HSBC Tax Saver Equity Fund Direct Growth has given a CAGR return of 16.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.41%, 17.48% and 20.63% respectively.
Holdings
HSBC Tax Saver Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Health, Energy, Communication, Real Estate, Consumer Defensive, Basic Materials. Its top holdings are ICICI Bank Ltd, Infosys Ltd, Dixon Technologies (India) Ltd, HDFC Bank Ltd, Reliance Industries 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
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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.
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 | 1.1% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹261 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 19% |
| 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 |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
45.6%
Small cap
31.8%
Mid cap
20.8%
Sector Allocation
Financial Services
30.4%
Tech
13.6%
Consumer Cyclical
12.9%
Industrial
12.3%
Health
10.8%
Energy
4.3%
Communication
4.3%
Real Estate
4.2%
Consumer Defensive
4%
Basic Materials
3.2%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -0.40% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 6.11% in Oct'24
- AUM of the fund stands at 256.5 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
BSE Ltd's allocation increased from 1.09% to 1.4%
Multi Commodity Exchange of India Ltd's allocation increased from 3.74% to 4.02%
Epigral Ltd's allocation increased from 1.26% to 1.52%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 6.22 % to 5.91 %
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 4.77 %
Reliance Industries Ltd's allocation decreased from 4.42 % to 4.26 %
Mid Cap allocation has gone down from 22.3% to 20.8%
Large Cap allocation has gone down from 46.5% to 45.6%
Small Cap allocation has gone up from 29.6% to 31.8%
Cash allocation has gone up from 1.6% to 1.8%
Top 3 Sectors in October were Financial Services, Tech & Industrial
Oct'24
Financial Services
30%
Tech
14%
Consumer Cyclical
13%
Sep'24
Financial Services
30%
Tech
14%
Industrial
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Prudent Corporate Advisory Services Ltd | 11.6% |
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Cheenu Gupta
Fund Manager of HSBC Tax Saver Equity Fund Direct Growth, since 26 November 2022
Top funds managed
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.31L Cr
as on 31-Oct-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 31.42% return, outperforming this fund by 10.79% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.68% return, outperforming this fund by 14.27%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.77% return, outperforming this fund by 7.29% per annum.
Over the last 3 months, this fund has experienced a 18.3% growth in AUM moving from 220.35 Cr to 260.63 Cr.
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 1.29%.
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 16.21% since inception which is more than its category average return of 15.51%
Fund Allocations
This fund has an allocation of 98.18% in Equity, 0% in Debt and 1.82% in Cash related instruments
AUM size ₹261 Cr
This fund has AUM of ₹261 Cr which is less than its category average of ₹ 3983 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 Tax Saver Equity Fund Direct Growth
The current NAV of HSBC Tax Saver Equity Fund Direct Growth is ₹102.93 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
HSBC Tax Saver Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.41% | -3.41% |
6 Month Returns | 14.21% | 14.21% |
1 Year Returns | 37.41% | 37.41% |
3 Years Returns | 62.14% | 17.48% |
5 Years Returns | 155.43% | 20.63% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.1% as on October 2024
₹261 Cr as on October 2024
ICICI Bank Ltd(6.1%), Infosys Ltd(5.91%), Dixon Technologies (India) Ltd(4.77%), HDFC Bank Ltd(4.61%), Reliance Industries Ltd(4.26%) as on October 2024
Financial Services(29.88%), Tech(13.34%), Consumer Cyclical(12.63%) as on October 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 | 18.29 | 3.55 | 2.19 |
As on October 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 | 0.64 | 0.92 | 0.96 |
As on October 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 | 3.37 | 0.93 | 0.87 |
As on October 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 | 10.27 | 13.53 | 19 |
As on October 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 1.69 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.63 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Cheenu 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%