HSBC ELSS Tax saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-10-2024
₹ 143.25
1D
Inception Returns
16.7%
/yr
About HSBC ELSS Tax saver Fund Direct Growth
HSBC ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth has ₹4485 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
HSBC ELSS Tax saver Fund Direct Growth has given a CAGR return of 16.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 49.52%, 20.04% and 21.53% respectively.
Holdings
HSBC ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Energy, Utilities, Consumer Defensive, Real Estate, Communication. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Trent 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 ELSS Tax saver Fund Direct Growth
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.There is no assurance that the investment objective of the scheme will be realized.
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 ELSS Tax saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
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1046 people have invested ₹ 80.6L in HSBC ELSS Tax saver Fund Direct Growth in the last three months
INDmoney Rank for HSBC ELSS Tax saver Fund Direct Growth
Powered by IND quant engine
17
/23
49% Performance
33% Risk Management
0% Cost
17 out of 23 among elss (tax savings)
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Poor track record of protecting capital in bear phase
Poor track record of Recovering losses quickly
HSBC ELSS Tax saver Fund Direct Growth Overview
| Expense ratio | 1.09% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹4485 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 66.01% |
| 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-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
51.3%
Small cap
26.7%
Mid cap
21.6%
Sector Allocation
Financial Services
23.2%
Industrial
20.8%
Consumer Cyclical
17.2%
Tech
10.5%
Basic Materials
6.5%
Health
5.4%
Energy
4.3%
Utilities
3.8%
Consumer Defensive
3.7%
Real Estate
2.9%
Communication
1.8%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 2.23% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund outperformed Nifty 500 by 0.19% in Sep'24
- AUM of the fund stands at 4.4K Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Bajaj Auto Ltd's allocation increased from 0.6% to 1.22%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.83% to 1.38%
Vinati Organics Ltd's allocation increased from 0.74% to 1.09%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.67 % to 3.13 %
Infosys Ltd's allocation decreased from 3.09 % to 2.94 %
Larsen & Toubro Ltd's allocation decreased from 2.53 % to 2.47 %
Large Cap allocation has gone up from 50.6% to 51.3%
Small Cap allocation has gone up from 24.9% to 26.7%
Mid Cap allocation has gone down from 21.9% to 21.6%
Cash allocation has gone down from 2.6% to 0.4%
Top 3 Sectors in September were Financial Services, Industrial & Consumer Cyclical
Sep'24
Financial Services
23%
Industrial
21%
Consumer Cyclical
17%
Aug'24
Financial Services
23%
Industrial
22%
Consumer Cyclical
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 4.49% | 0% | |
 ICICI Bank Ltd | 3.28% | 0% | |
 Reliance Industries Ltd | 3.13% | -11.5% | |
 Infosys Ltd | 2.94% | 0% | |
 Trent Ltd | 2.67% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 8.7% |
 Blue Star Ltd | 0.5% |
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Cheenu Gupta
Fund Manager of HSBC ELSS Tax saver Fund Direct Growth, since 2 July 2021
Top funds managed
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.27L Cr
as on 30-Sep-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 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 69% return, outperforming this fund by 19.48%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.09% which is lower than the category average expense ratio of 1.26%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.62% return, outperforming this fund by 14.1% per annum.
Over the last 6 months, this fund has decreased expense ratio by 2.7% moving from 1.12 to 1.09.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 27.38% return, outperforming this fund by 7.34% per annum.
HSBC ELSS Tax saver 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 16.74% since inception which is more than its category average return of 16.38%
Fund Allocations
This fund has an allocation of 99.61% in Equity, 0% in Debt and 0.39% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4217 Cr
Expense Ratio 1.09%
This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions for HSBC ELSS Tax saver Fund Direct Growth
The current NAV of HSBC ELSS Tax saver Fund Direct Growth is ₹143.25 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
HSBC ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.18% | -2.18% |
6 Month Returns | 22.05% | 22.05% |
1 Year Returns | 49.52% | 49.52% |
3 Years Returns | 72.98% | 20.04% |
5 Years Returns | 165.08% | 21.53% |
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1.09% as on September 2024
₹4485 Cr as on September 2024
HDFC Bank Ltd(4.49%), ICICI Bank Ltd(3.28%), Reliance Industries Ltd(3.13%), Infosys Ltd(2.94%), Trent Ltd(2.67%) as on September 2024
Financial Services(23.1%), Industrial(20.71%), Consumer Cyclical(17.12%) as on September 2024
The alpha ratio for the HSBC ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 8.55 | 2.99 | 0.58 |
As on September 2024
The alpha for HSBC ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC ELSS Tax saver Fund Direct Growth | 0.96 | 0.97 | 0.97 |
As on September 2024
The Beta for HSBC ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth 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 Growth | 3.16 | 1.09 | 0.9 |
As on September 2024
The sharpe ratio for HSBC ELSS Tax saver 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 ELSS Tax saver Fund Direct Growth 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 Growth | 11.44 | 13.51 | 18.91 |
As on September 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 2.07 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.61 as on September 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Cheenu Gupta is the fund manager of HSBC ELSS Tax saver Fund Direct Growth
The Exit load of HSBC ELSS Tax saver Fund Direct Growth is 0%