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Fund Overview

Fund Size

Fund Size

₹220 Cr

Expense Ratio

Expense Ratio

1.60%

ISIN

ISIN

INF336L01EE0

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

HSBC Tax Saver Equity Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 11 years, 6 months and 19 days, having been launched on 01-Jan-13.
As of 19-Jul-24, it has a Net Asset Value (NAV) of ₹95.80, Assets Under Management (AUM) of 220.35 Crores, and an expense ratio of 1.6%.
  • HSBC Tax Saver Equity Fund Direct Growth has given a CAGR return of 16.18% since inception.
  • The fund's asset allocation comprises around 98.50% in equities, 0.00% in debts, and 1.50% in cash & cash equivalents.
  • You can start investing in HSBC Tax Saver Equity 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

+40.11%

+36.09% (Cat Avg.)

3 Years

+20.66%

+19.50% (Cat Avg.)

5 Years

+20.68%

+20.62% (Cat Avg.)

10 Years

+15.06%

+15.45% (Cat Avg.)

Since Inception

+16.18%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity217.04 Cr98.50%
Others3.31 Cr1.50%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity13.99 Cr6.19%
Infosys LtdEquity11.55 Cr5.11%
Larsen & Toubro LtdEquity11.2 Cr4.96%
Reliance Industries LtdEquity10.75 Cr4.76%
Axis Bank LtdEquity9.84 Cr4.36%
KEI Industries LtdEquity9.84 Cr4.35%
HDFC Bank LtdEquity9 Cr3.98%
Dixon Technologies (India) LtdEquity8.46 Cr3.74%
State Bank of IndiaEquity7.12 Cr3.15%
Phoenix Mills LtdEquity6.82 Cr3.02%
Multi Commodity Exchange of India LtdEquity6.72 Cr2.97%
DLF LtdEquity6.44 Cr2.85%
PB Fintech LtdEquity6.06 Cr2.68%
Bharti Airtel LtdEquity5.79 Cr2.56%
Amber Enterprises India Ltd Ordinary SharesEquity5.4 Cr2.39%
Prudent Corporate Advisory Services LtdEquity5.17 Cr2.29%
TVS Motor Co LtdEquity5.02 Cr2.22%
J.B. Chemicals & Pharmaceuticals LtdEquity4.96 Cr2.20%
Titan Co LtdEquity4.96 Cr2.20%
Sun Pharmaceuticals Industries LtdEquity4.95 Cr2.19%
Rainbow Childrens Medicare LtdEquity4.94 Cr2.19%
Rategain Travel Technologies LtdEquity3.88 Cr1.72%
Lupin LtdEquity3.81 Cr1.69%
Kirloskar Pneumatic Co LtdEquity3.39 Cr1.50%
PNC Infratech LtdEquity3.32 Cr1.47%
TrepsCash - Repurchase Agreement3.27 Cr1.45%
360 One Wam Ltd Ordinary SharesEquity3.1 Cr1.37%
PVR INOX LtdEquity2.95 Cr1.30%
Container Corporation of India LtdEquity2.92 Cr1.29%
Kalyan Jewellers India LtdEquity2.72 Cr1.20%
APL Apollo Tubes LtdEquity2.69 Cr1.19%
REC LtdEquity2.69 Cr1.19%
Motherson Sumi Wiring India LtdEquity2.58 Cr1.14%
Godrej Consumer Products LtdEquity2.54 Cr1.12%
Poly Medicure LtdEquity2.49 Cr1.10%
KEC International LtdEquity2.39 Cr1.06%
Avenue Supermarts LtdEquity2.24 Cr0.99%
SRF LtdEquity2.21 Cr0.98%
Gokaldas Exports LtdEquity2.2 Cr0.97%
Kajaria Ceramics LtdEquity2.17 Cr0.96%
BSE LtdEquity2.16 Cr0.95%
Radico Khaitan LtdEquity2.07 Cr0.91%
Bajaj Auto LtdEquity1.82 Cr0.80%
CCL Products (India) LtdEquity1.72 Cr0.76%
Bharat Electronics LtdEquity1.48 Cr0.65%
Sterling and Wilson Renewable Energy LtdEquity1.33 Cr0.59%
KPIT Technologies LtdEquity1.02 Cr0.45%
Gujarat Fluorochemicals Ltd Ordinary SharesEquity0.93 Cr0.41%
Mangalore Chemicals & Fertilizers LtdEquity0.76 Cr0.34%
Net Current Assets (Including Cash & Bank Balances)Cash0.12 Cr0.05%

Allocation By Market Cap (Equity)

Large Cap Stocks

50.28%

Mid Cap Stocks

21.18%

Small Cap Stocks

27.04%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services65.85 Cr29.14%
Industrials36.7 Cr16.25%
Technology26.24 Cr11.61%
Consumer Cyclical24.7 Cr10.93%
Healthcare21.15 Cr9.36%
Real Estate13.26 Cr5.87%
Energy10.75 Cr4.76%
Communication Services8.74 Cr3.87%
Consumer Defensive8.56 Cr3.79%
Basic Materials6.59 Cr2.92%

Risk & Performance Ratios

Standard Deviation

This fund

13.74%

Cat. avg.

12.52%

Lower the better

Sharpe Ratio

This fund

1.07

Cat. avg.

0.97

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.80

Higher the better

Fund Managers

GB

Gautam Bhupal

Since July 2019

CG

Cheenu Gupta

Since November 2022

Additional Scheme Detailsas of 31st May 2024

ISIN
INF336L01EE0
Expense Ratio
1.60%
Exit Load
No Charges
Fund Size
₹220 Cr
Age
01 Jan 2013
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4551.18 Cr33.3%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4551.18 Cr31.9%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹37106.30 Cr27.3%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3731.20 Cr36.3%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹3731.20 Cr34.8%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹54.22 Cr40.3%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹54.22 Cr38.0%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹363.38 Cr53.6%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹363.38 Cr50.8%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1649.12 Cr24.7%

About the AMC

Total AUM

₹1,10,764 Cr

Address

16, V N Road, Mumbai, 400 001

Other Funds by HSBC Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
HSBC Consumption Fund Direct Growth

Very High Risk

0.7%1.0%₹1377.04 Cr-
HSBC Balanced Advantage Fund Direct Growth

High Risk

0.8%1.0%₹1445.42 Cr23.7%
HSBC Infrastructure Fund Direct Growth

Very High Risk

1.0%1.0%₹2779.37 Cr62.0%
HSBC Aggressive Hybrid Fund Direct Growth

Very High Risk

0.8%1.0%₹5716.81 Cr32.2%
HSBC Value Fund Direct Growth

Very High Risk

0.8%1.0%₹13357.64 Cr54.9%
HSBC Credit Risk Fund Direct Growth

Moderately High risk

0.9%3.0%₹570.16 Cr7.5%
HSBC Banking & PSU Debt Direct Growth

Low to Moderate Risk

0.2%0.0%₹4681.63 Cr7.0%
HSBC Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹11418.13 Cr57.3%
HSBC ELSS Fund Direct Growth

Very High Risk

1.1%0.0%₹4256.95 Cr43.1%
HSBC Equity Savings Fund Direct Growth

Moderately High risk

0.6%0.0%₹344.15 Cr24.3%
HSBC Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹432.92 Cr7.8%
HSBC Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹3739.62 Cr7.3%
HSBC Corporate Bond Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹5957.11 Cr7.2%
HSBC Dynamic Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹159.97 Cr8.2%
HSBC Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1419.86 Cr7.5%
HSBC Gilt Fund Direct Growth

Moderate Risk

0.5%0.0%₹194.23 Cr8.8%
HSBC Medium Duration Direct Growth

Moderate Risk

0.4%0.0%₹806.62 Cr8.0%
HSBC Focused Fund Direct Growth

Very High Risk

0.9%1.0%₹1688.02 Cr34.4%
HSBC Business Cycles Fund Direct Growth

Very High Risk

1.2%1.0%₹924.81 Cr47.9%
HSBC Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹2585.96 Cr6.8%
HSBC Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%0.0%₹107.53 Cr17.1%
HSBC Large Cap Fund Direct Growth

Very High Risk

1.2%1.0%₹1759.39 Cr32.2%
HSBC Global Emerging Markets Fund Direct Growth

Very High Risk

1.6%1.0%₹32.43 Cr10.2%
HSBC Brazil Fund Direct Growth

Very High Risk

1.9%1.0%₹39.19 Cr-7.1%
HSBC Medium to Long Duration Fund Direct Growth

Moderate Risk

0.7%0.0%₹45.99 Cr7.6%
HSBC Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹18507.56 Cr7.4%
HSBC Flexi Cap Fund Direct Growth

Very High Risk

1.1%1.0%₹4399.08 Cr44.0%
HSBC Tax Saver Equity Fund Direct Growth

Very High Risk

1.6%0.0%₹220.35 Cr40.1%
HSBC Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹2269.17 Cr7.5%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹1903.84 Cr7.4%
HSBC Small Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹16396.94 Cr48.7%
HSBC Global Equity Climate Change Fund of Fund Direct Growth

Very High Risk

1.4%1.0%₹115.08 Cr6.6%
HSBC Managed Solutions India Conservative Direct Growth

Moderately High risk

0.5%1.0%₹27.38 Cr10.0%
HSBC Managed Solutions India Moderate Direct Growth

High Risk

0.9%1.0%₹57.34 Cr27.4%
HSBC Managed Solutions India Growth Direct Growth

Very High Risk

1.0%1.0%₹40.59 Cr32.4%
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹200.39 Cr7.4%
HSBC Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹2274.14 Cr8.5%
HSBC Nifty Next 50 Index Fund Direct Growth

Very High Risk

0.3%1.0%₹127.13 Cr60.7%
HSBC Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%1.0%₹272.08 Cr24.9%
HSBC Large & Mid Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹2768.75 Cr45.8%
HSBC Multi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹3560.58 Cr57.6%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth

Very High Risk

1.6%1.0%₹6.31 Cr18.0%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of HSBC Tax Saver Equity Fund Direct Growth, as of 19-Jul-2024, is ₹95.80.
The fund has generated 40.11% over the last 1 year and 20.66% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 98.50% in equities, 0.00% in bonds, and 1.50% in cash and cash equivalents.
The fund managers responsible for HSBC Tax Saver Equity Fund Direct Growth are:-
  1. Gautam Bhupal
  2. Cheenu Gupta