HSBC ELSS Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (18-Jun-25)
₹145.10-0.12%1D
Returns (Since Inception)
15.67%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,129 Cr
Expense Ratio
1.14%
ISIN
INF917K01GP0
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
HSBC ELSS Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 12 years, 5 months and 18 days, having been launched on 01-Jan-13.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹145.10, Assets Under Management (AUM) of 4129.03 Crores, and an expense ratio of 1.14%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹145.10, Assets Under Management (AUM) of 4129.03 Crores, and an expense ratio of 1.14%.
- HSBC ELSS Fund Direct Growth has given a CAGR return of 15.67% since inception.
- The fund's asset allocation comprises around 99.22% in equities, 0.00% in debts, and 0.78% in cash & cash equivalents.
- You can start investing in HSBC ELSS Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+5.11%
+3.80% (Cat Avg.)
3 Years
+26.59%
+22.68% (Cat Avg.)
5 Years
+24.51%
+24.09% (Cat Avg.)
10 Years
+14.51%
+14.51% (Cat Avg.)
Since Inception
+15.67%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹4,096.94 Cr | 99.22% |
| Others | ₹32.09 Cr | 0.78% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹226.09 Cr | 5.48% |
| ICICI Bank Ltd | Equity | ₹167.06 Cr | 4.05% |
| Reliance Industries Ltd | Equity | ₹135.24 Cr | 3.28% |
| Infosys Ltd | Equity | ₹121.09 Cr | 2.93% |
| Larsen & Toubro Ltd | Equity | ₹110.79 Cr | 2.68% |
| Bharti Airtel Ltd | Equity | ₹86.68 Cr | 2.10% |
| Shriram Finance Ltd | Equity | ₹82.57 Cr | 2.00% |
| State Bank of India | Equity | ₹79.97 Cr | 1.94% |
| Eternal Ltd | Equity | ₹75.07 Cr | 1.82% |
| Persistent Systems Ltd | Equity | ₹74.99 Cr | 1.82% |
| BSE Ltd | Equity | ₹73.4 Cr | 1.78% |
| Amber Enterprises India Ltd Ordinary Shares | Equity | ₹70.69 Cr | 1.71% |
| Bharat Electronics Ltd | Equity | ₹69.7 Cr | 1.69% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹69.22 Cr | 1.68% |
| Schaeffler India Ltd | Equity | ₹63.96 Cr | 1.55% |
| Pearl Global Industries Ltd | Equity | ₹63.05 Cr | 1.53% |
| KPIT Technologies Ltd | Equity | ₹62.77 Cr | 1.52% |
| Jindal Steel & Power Ltd | Equity | ₹61.37 Cr | 1.49% |
| Kaynes Technology India Ltd | Equity | ₹59.63 Cr | 1.44% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹59.57 Cr | 1.44% |
| Trent Ltd | Equity | ₹59.43 Cr | 1.44% |
| Axis Bank Ltd | Equity | ₹59.12 Cr | 1.43% |
| Power Finance Corp Ltd | Equity | ₹59.02 Cr | 1.43% |
| Balrampur Chini Mills Ltd | Equity | ₹58.28 Cr | 1.41% |
| Transformers & Rectifiers (India) Ltd | Equity | ₹57 Cr | 1.38% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹54.56 Cr | 1.32% |
| Avalon Technologies Ltd | Equity | ₹54.27 Cr | 1.31% |
| Indian Hotels Co Ltd | Equity | ₹54.24 Cr | 1.31% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹53.27 Cr | 1.29% |
| Lemon Tree Hotels Ltd | Equity | ₹53.01 Cr | 1.28% |
| NTPC Ltd | Equity | ₹51.16 Cr | 1.24% |
| TVS Motor Co Ltd | Equity | ₹50.75 Cr | 1.23% |
| Safari Industries (India) Ltd | Equity | ₹48.87 Cr | 1.18% |
| Engineers India Ltd | Equity | ₹48.75 Cr | 1.18% |
| Karur Vysya Bank Ltd | Equity | ₹47.9 Cr | 1.16% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹47.75 Cr | 1.16% |
| Mahindra & Mahindra Ltd | Equity | ₹47.6 Cr | 1.15% |
| GE Vernova T&D India Ltd | Equity | ₹47.07 Cr | 1.14% |
| PNB Housing Finance Ltd | Equity | ₹45.94 Cr | 1.11% |
| Bikaji Foods International Ltd | Equity | ₹45.79 Cr | 1.11% |
| Bharat Heavy Electricals Ltd | Equity | ₹44.83 Cr | 1.09% |
| UltraTech Cement Ltd | Equity | ₹44.17 Cr | 1.07% |
| Vinati Organics Ltd | Equity | ₹43.12 Cr | 1.04% |
| Tech Mahindra Ltd | Equity | ₹42.34 Cr | 1.03% |
| Oil & Natural Gas Corp Ltd | Equity | ₹41.98 Cr | 1.02% |
| CG Power & Industrial Solutions Ltd | Equity | ₹40.88 Cr | 0.99% |
| Indian Bank | Equity | ₹40.05 Cr | 0.97% |
| Jindal Saw Ltd | Equity | ₹40.01 Cr | 0.97% |
| Triveni Turbine Ltd | Equity | ₹39.45 Cr | 0.96% |
| Zensar Technologies Ltd | Equity | ₹39.1 Cr | 0.95% |
| Bajaj Auto Ltd | Equity | ₹38.3 Cr | 0.93% |
| Varroc Engineering Ltd Ordinary Shares | Equity | ₹38.1 Cr | 0.92% |
| JSW Energy Ltd | Equity | ₹37.8 Cr | 0.92% |
| Treps | Cash - Repurchase Agreement | ₹37.63 Cr | 0.91% |
| Gujarat State Petronet Ltd | Equity | ₹36.58 Cr | 0.89% |
| Lupin Ltd | Equity | ₹36.45 Cr | 0.88% |
| Dabur India Ltd | Equity | ₹34.58 Cr | 0.84% |
| Thangamayil Jewellery Ltd | Equity | ₹33.77 Cr | 0.82% |
| Godrej Properties Ltd | Equity | ₹32.54 Cr | 0.79% |
| Suzlon Energy Ltd | Equity | ₹30.39 Cr | 0.74% |
| IIFL Finance Ltd | Equity | ₹29.68 Cr | 0.72% |
| Exide Industries Ltd | Equity | ₹28.78 Cr | 0.70% |
| Mankind Pharma Ltd | Equity | ₹28.43 Cr | 0.69% |
| Sobha Ltd | Equity | ₹28.37 Cr | 0.69% |
| ABB India Ltd | Equity | ₹27.5 Cr | 0.67% |
| Century Plyboards (India) Ltd | Equity | ₹26.21 Cr | 0.63% |
| KEI Industries Ltd | Equity | ₹26.07 Cr | 0.63% |
| Syngene International Ltd | Equity | ₹25.8 Cr | 0.62% |
| Craftsman Automation Ltd | Equity | ₹24.86 Cr | 0.60% |
| LTIMindtree Ltd | Equity | ₹24.84 Cr | 0.60% |
| Blue Star Ltd | Equity | ₹24.55 Cr | 0.59% |
| UNO Minda Ltd | Equity | ₹23.88 Cr | 0.58% |
| Polycab India Ltd | Equity | ₹22.05 Cr | 0.53% |
| Epigral Ltd | Equity | ₹21.65 Cr | 0.52% |
| Swiggy Ltd | Equity | ₹19.77 Cr | 0.48% |
| Karnataka Bank Ltd | Equity | ₹19.35 Cr | 0.47% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹18.74 Cr | 0.45% |
| DOMS Industries Ltd | Equity | ₹16.4 Cr | 0.40% |
| Siemens Ltd | Equity | ₹16.33 Cr | 0.40% |
| Cello World Ltd | Equity | ₹15.92 Cr | 0.39% |
| Jio Financial Services Ltd | Equity | ₹12.95 Cr | 0.31% |
| Vishal Mega Mart Ltd | Equity | ₹12.54 Cr | 0.30% |
| Siemens Engy Ind | Equity | ₹11.15 Cr | 0.27% |
| Net Current Assets (Including Cash & Bank Balances) | Cash | ₹-5.53 Cr | 0.13% |
Allocation By Market Cap (Equity)
Large Cap Stocks
49.54%
Mid Cap Stocks
23.63%
Small Cap Stocks
25.79%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,057.23 Cr | 25.60% |
| Consumer Cyclical | ₹822.6 Cr | 19.92% |
| Industrials | ₹729.12 Cr | 17.66% |
| Technology | ₹438.13 Cr | 10.61% |
| Basic Materials | ₹236.53 Cr | 5.73% |
| Healthcare | ₹213.17 Cr | 5.16% |
| Energy | ₹177.22 Cr | 4.29% |
| Consumer Defensive | ₹138.65 Cr | 3.36% |
| Utilities | ₹125.53 Cr | 3.04% |
| Communication Services | ₹86.68 Cr | 2.10% |
| Real Estate | ₹60.91 Cr | 1.48% |
Risk & Performance Ratios
Standard Deviation
This fund
15.42%
Cat. avg.
14.22%
Lower the better
Sharpe Ratio
This fund
0.98
Cat. avg.
0.86
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.44
Higher the better
Fund Managers
SG
Sonal Gupta
Since July 2021
AG
Abhishek Gupta
Since March 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF917K01GP0 | Expense Ratio | 1.14% | Exit Load | No Charges | Fund Size | ₹4,129 Cr | Age | 12 years 5 months | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bajaj Finserv ELSS Tax Saver Fund Regular Growth Low Risk | 2.3% | 0.0% | ₹55.57 Cr | - |
| Bajaj Finserv ELSS Tax Saver Fund Direct Growth Low Risk | 0.5% | 0.0% | ₹55.57 Cr | - |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹202.42 Cr | 3.9% |
| Sundaram Long Term Tax Advantage Fund Series I Regular Growth High Risk | 1.4% | 0.0% | ₹19.18 Cr | 8.0% |
| Bank of India Midcap Tax Fund Series 1 Direct Growth Very High Risk | - | 0.0% | ₹58.23 Cr | -2.2% |
| SBI Long Term Advantage Fund Series II Regular Growth Very High Risk | - | 0.0% | ₹34.17 Cr | 6.4% |
| SBI Long Term Advantage Fund Series II Direct Growth Very High Risk | - | 0.0% | ₹34.17 Cr | 6.8% |
| Bank of India Midcap Tax Fund Series 1 Regular Growth Very High Risk | - | 0.0% | ₹58.23 Cr | -2.4% |
| Sundaram Long Term Tax Advantage Fund Series I Direct Growth High Risk | 1.4% | 0.0% | ₹19.18 Cr | 8.1% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series V Regular Growth Very High Risk | 1.4% | 0.0% | ₹30.17 Cr | 1.5% |
About the AMC
Total AUM
₹1,22,950 Cr
Address
16, V N Road, Mumbai, 400 001
Other Funds by HSBC Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of HSBC ELSS Fund Direct Growth?
The NAV of HSBC ELSS Fund Direct Growth, as of 18-Jun-2025, is ₹145.10.
What are the returns of HSBC ELSS Fund Direct Growth?
The fund has generated 5.11% over the last 1 year and 26.59% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HSBC ELSS Fund Direct Growth?
The fund's allocation of assets is distributed as 99.22% in equities, 0.00% in bonds, and 0.78% in cash and cash equivalents.
Who manages the HSBC ELSS Fund Direct Growth?
The fund managers responsible for HSBC ELSS Fund Direct Growth are:-
- Sonal Gupta
- Abhishek Gupta
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.