HSBC ELSS Tax saver Fund Direct Plan Growth Option
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 119.93 as on 18-04-2024
Fund Performance
1020 people have invested ₹ 1.2Cr in HSBC ELSS Tax saver Fund Direct Plan Growth Option in the last three months
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.3% return, outperforming this fund by 16.95% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.12% which is lower than the category average expense ratio of 1.3%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.91% return, outperforming this fund by 13.78% per annum.
Over the last 1 month, this fund has increased expense ratio by 0.9% moving from 1.11 to 1.12.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 61.86% return, outperforming this fund by 20.01%.
INDmoney Rank of HSBC ELSS Tax saver Fund Direct Plan Growth Option
Powered by IND quant engine
21
/23
44% Performance
33% Risk Management
3% Cost
21 out of 23 among elss (tax savings)
Pros
Beats FD returns for both 3Y & 5Y
Cons
Poor track record of Recovering losses quickly
About the HSBC ELSS Tax saver Fund Direct Plan Growth Option
HSBC ELSS Tax saver Fund Direct Plan Growth Option 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 ELSS Tax saver Fund Direct Plan Growth Option has ₹3674 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 1.1.
HSBC ELSS Tax saver Fund Direct Plan Growth Option Overview
 | 1.12% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹3674 Cr |
 | 1 January, 2013 |
 | ₹500/₹1000 |
 | 0% |
 | 3 Years |
 TurnOver | 70.25% |
HSBC ELSS Tax saver Fund Direct Plan Growth Option Distribution as on (31-Mar-24)
Size breakup
Large cap
46.7%
Mid cap
29.4%
Small cap
21.9%
Sector Allocation
Industrial
25.1%
Financial Services
22.5%
Consumer Cyclical
17.4%
Tech
10.2%
Energy
6.4%
Health
4.1%
Basic Materials
3.9%
Utilities
3.8%
Real Estate
3.4%
Consumer Defensive
2.1%
Communication
1.1%
Top Holdings of HSBC ELSS Tax saver Fund Direct Plan Growth Option as on (31-Mar-24)
Equity Holdings81
HSBC ELSS Tax saver Fund Direct Plan Growth Option: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.75% in Mar'24
AUM Change
- AUM of the fund stands at 3.7K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in HSBC ELSS Tax saver Fund Direct Plan Growth Option portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 29.2% |
 Siemens Ltd | 19.9% |
 CG Power & Industrial Solutions Ltd | 7.1% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Persistent Systems Ltd | -2.1% |
 IIFL Finance Ltd | 9.5% |
Peer Analysis
HSBC ELSS Tax saver Fund Direct Plan Growth Option Fund Manager
Cheenu Gupta
Fund Manager of HSBC ELSS Tax saver Fund Direct Plan Growth Option, since 2 July 2021
Top funds managed
HSBC ELSS Tax saver Fund Direct Plan Growth Option 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 15.49% since inception which is less than its category average return of 15.54%
Fund Allocations
This fund has an allocation of 97.96% in Equity, 0% in Debt and 2.04% in Cash related instruments
AUM size ₹3674 Cr
This fund has AUM of ₹3674 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 1.12%
This fund has an expense ratio of 1.12% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of HSBC ELSS Tax saver Fund Direct Plan Growth Option is ₹119.93 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
HSBC ELSS Tax saver Fund Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 7.02% | 7.02% |
6 Month Returns | 21.13% | 21.13% |
1 Year Returns | 41.85% | 41.85% |
3 Years Returns | 69.06% | 19.13% |
5 Years Returns | 113.23% | 16.35% |
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1.12% as on March 2024
₹3674 Cr as on March 2024
Larsen & Toubro Ltd(4.59%), Reliance Industries Ltd(4.35%), HDFC Bank Ltd(3.83%), ICICI Bank Ltd(3.44%), CG Power & Industrial Solutions Ltd(3.1%) as on March 2024
Industrial(24.57%), Financial Services(22.01%), Consumer Cyclical(17.05%) as on March 2024
The alpha ratio for the HSBC ELSS Tax saver Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC ELSS Tax saver Fund Direct Plan Growth Option | 3.78 | 0.42 | -0.72 |
As on March 2024
The alpha for HSBC ELSS Tax saver Fund Direct Plan Growth Option 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 ELSS Tax saver Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC ELSS Tax saver Fund Direct Plan Growth Option | 0.86 | 0.9 | 0.97 |
As on March 2024
The Beta for HSBC ELSS Tax saver Fund Direct Plan Growth Option 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 ELSS Tax saver Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC ELSS Tax saver Fund Direct Plan Growth Option | 2.79 | 0.97 | 0.61 |
As on March 2024
The sharpe ratio for HSBC ELSS Tax saver Fund Direct Plan Growth Option 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 ELSS Tax saver Fund Direct Plan Growth Option for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC ELSS Tax saver Fund Direct Plan Growth Option | 10.01 | 12.83 | 18.92 |
As on March 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 1.74 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Cheenu Gupta is the fund manager of HSBC ELSS Tax saver Fund Direct Plan Growth Option
The Exit load of HSBC ELSS Tax saver Fund Direct Plan Growth Option is 0%