HSBC Tax Saver Equity Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 86.47 as on 06-05-2024
About the Fund
HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth has ₹223 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.6.
Fund Performance
Overview
 | 1.6% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹223 Cr |
 | 1 January, 2013 |
 | --/-- |
 | 0% |
 | 3 Years |
 TurnOver | 37.82% |
HSBC Tax Saver Equity Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
54.1%
Small cap
28.4%
Mid cap
16.5%
Sector Allocation
Financial Services
28.6%
Industrial
14.7%
Consumer Cyclical
12.1%
Tech
11.5%
Health
9.5%
Real Estate
7.3%
Energy
5%
Consumer Defensive
4.6%
Communication
3.6%
Basic Materials
3.1%
Top Holdings of HSBC Tax Saver Equity Fund Direct Growth as on (30-Apr-24)
Equity Holdings47
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.22% | -10.2% | |
 Infosys Ltd | 5.58% | 0% | |
 Larsen & Toubro Ltd | 5.21% | 0% | |
 Reliance Industries Ltd | 5.07% | -6.5% | |
 Axis Bank Ltd | 5.04% | 0% |
See all
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Kirloskar Pneumatic Company Ltd | 54.6% |
 Axis Bank Ltd | 6.1% |
 KEI Industries Ltd | 3.4% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.40% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.06% in Mar'24
AUM Change
- AUM of the fund stands at 219.1 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.42% return, outperforming this fund by 7.97% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 60.63% return, outperforming this fund by 17.48%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.26% return, outperforming this fund by 15.97% per annum.
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Cheenu Gupta
Fund Manager of HSBC Tax Saver Equity Fund Direct Growth, since 26 November 2022
Top funds managed
HSBC Tax Saver Equity 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 15.6% since inception which is less than its category average return of 15.73%
Fund Allocations
This fund has an allocation of 99.01% in Equity, 0% in Debt and 0.99% in Cash related instruments
AUM size ₹223 Cr
This fund has AUM of ₹223 Cr which is less than its category average of ₹ 3542 Cr
Expense Ratio 1.6%
This fund has an expense ratio of 1.6% which is more than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of HSBC Tax Saver Equity Fund Direct Growth is ₹86.47 as on 06-May-2024.
Existing (Absolute + CAGR) as on 06-May-2024.
HSBC Tax Saver Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.91% | 2.91% |
6 Month Returns | 22.93% | 22.93% |
1 Year Returns | 43.15% | 43.15% |
3 Years Returns | 79.13% | 21.45% |
5 Years Returns | 131.59% | 18.29% |
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1.6% as on April 2024
₹223 Cr as on April 2024
ICICI Bank Ltd(7.22%), Infosys Ltd(5.58%), Larsen & Toubro Ltd(5.21%), Reliance Industries Ltd(5.07%), Axis Bank Ltd(5.04%) as on April 2024
Financial Services(28.01%), Industrial(15.08%), Consumer Cyclical(12.2%) as on April 2024
The alpha ratio for the HSBC Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 8.38 | 1.58 | 0.36 |
As on April 2024
The alpha for HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 0.84 | 0.98 | 0.99 |
As on April 2024
The Beta for HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 3.24 | 1.16 | 0.71 |
As on April 2024
The sharpe ratio for HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC Tax Saver Equity Fund Direct Growth | 9.61 | 13.49 | 19.17 |
As on April 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 2.13 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.42 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Cheenu Gupta is the fund manager of HSBC Tax Saver Equity Fund Direct Growth
The Exit load of HSBC Tax Saver Equity Fund Direct Growth is 0%