HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl

Equity
Direct
Elss (Tax Savings)
HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl

About the Fund

HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl 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

  1. HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl has ₹4257 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl has given a CAGR return of 15.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 30.07%, 16.21% and 17.42% respectively.

Holdings

HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Energy, Health, Utilities, Consumer Defensive, Real Estate, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Persistent Systems 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 benefit
Dividends 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 Plan Reinvestment of Income Distribution cum Cap Wrdl

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 0.00 and for SIP is INR 0.00. There is a lock in period for HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl of 3 Years

Fund Performance

Fund Overview

Expense ratio1.08%
Benchmark
S&P BSE 200 India TR INR
AUM₹4257 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP--/--
Exit Load0%
Lock In3 Years
TurnOver
70.25%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.8%

  • Debt & Cash 1.2%

Large cap
51%

Small cap
24.1%

Mid cap
23.7%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
23.7%
Industrial
22.6%
Consumer Cyclical
16.6%
Tech
10.1%
Basic Materials
5.9%
Energy
5.2%
Health
4.5%
Utilities
3.9%
Consumer Defensive
3%
Real Estate
2.9%
Communication
1.6%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Cheenu Gupta
Cheenu Gupta
Fund Manager of HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl, since 2 July 2021

HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.15% since inception which is less than its category average return of 16.8%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.81% in Equity, 0% in Debt and 1.19% in Cash related instruments
AUM size ₹4257 Cr

AUM size ₹4257 Cr

This fund has AUM of ₹4257 Cr which is more than its category average of ₹ 3925 Cr
Expense Ratio 1.08%

Expense Ratio 1.08%

This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is ₹44.09 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
Absolute Returns
CAGR Returns
1 Month Returns
2.44%
2.44%
6 Month Returns
19.54%
19.54%
1 Year Returns
30.07%
30.07%
3 Years Returns
56.92%
16.21%
5 Years Returns
123.25%
17.42%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.08% as on June 2024
₹4257 Cr as on June 2024
HDFC Bank Ltd(4.6%), Reliance Industries Ltd(3.95%), ICICI Bank Ltd(3.26%), Larsen & Toubro Ltd(2.81%), Persistent Systems Ltd(2.33%) as on June 2024
Financial Services(23.39%), Industrial(22.32%), Consumer Cyclical(16.44%) as on June 2024
The alpha ratio for the HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
-2.03
-1.3
-2.21
As on June 2024
The alpha for HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl 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 Reinvestment of Income Distribution cum Cap Wrdl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
0.82
0.88
0.96
As on June 2024
The Beta for HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl 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 Reinvestment of Income Distribution cum Cap Wrdl 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 Reinvestment of Income Distribution cum Cap Wrdl
1.48
0.79
0.63
As on June 2024
The sharpe ratio for HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl 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 Reinvestment of Income Distribution cum Cap Wrdl 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 Reinvestment of Income Distribution cum Cap Wrdl
13.53
13.7
19.32
As on June 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 1.37 as on June 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 Reinvestment of Income Distribution cum Cap Wrdl
The Exit load of HSBC ELSS Tax saver Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is 0%