HSBC Tax Saver Equity Fund - IDCW Direct
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 33.65 as on 18-04-2024
Fund Performance
About the HSBC Tax Saver Equity Fund - IDCW Direct
HSBC Tax Saver Equity Fund - IDCW Direct 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 - IDCW Direct 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.
HSBC Tax Saver Equity Fund - IDCW Direct 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 - IDCW Direct Distribution as on (31-Mar-24)
Size breakup
Large cap
54.6%
Small cap
28.9%
Mid cap
15.2%
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 - IDCW Direct as on (31-Mar-24)
Equity Holdings43
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.05% | -10.2% | |
 Infosys Ltd | 6.16% | 0% | |
 Axis Bank Ltd | 5.11% | 0% | |
 Reliance Industries Ltd | 4.92% | -6.5% | |
 Larsen & Toubro Ltd | 4.76% | 0% |
See all
HSBC Tax Saver Equity Fund - IDCW Direct: 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
Gainers & Losers in HSBC Tax Saver Equity Fund - IDCW Direct portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 KEI Industries Ltd | 32.8% |
 Dixon Technologies (India) Ltd | 18.8% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Axis Bank Ltd | -0.6% |
 Multi Commodity Exchange of India Ltd | 18.9% |
Peer Analysis
HSBC Tax Saver Equity Fund - IDCW Direct Fund Manager
Cheenu Gupta
Fund Manager of HSBC Tax Saver Equity Fund - IDCW Direct, since 26 November 2022
Top funds managed
HSBC Tax Saver Equity Fund - IDCW Direct 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 13.93% since inception which is less than its category average return of 15.54%
Fund Allocations
This fund has an allocation of 98.76% in Equity, 0% in Debt and 1.24% in Cash related instruments
AUM size ₹223 Cr
This fund has AUM of ₹223 Cr which is less than its category average of ₹ 3525 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 - IDCW Direct is ₹33.65 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
HSBC Tax Saver Equity Fund - IDCW Direct | Absolute Returns | CAGR Returns |
1 Month Returns | 3.86% | 3.86% |
6 Month Returns | 9.28% | 9.28% |
1 Year Returns | 30.1% | 30.1% |
3 Years Returns | 61.67% | 17.37% |
5 Years Returns | 93.75% | 14.14% |
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1.6% as on March 2024
₹223 Cr as on March 2024
ICICI Bank Ltd(8.05%), Infosys Ltd(6.16%), Axis Bank Ltd(5.11%), Reliance Industries Ltd(4.92%), Larsen & Toubro Ltd(4.76%) as on March 2024
Financial Services(28.23%), Industrial(14.55%), Consumer Cyclical(11.96%) as on March 2024
The alpha ratio for the HSBC Tax Saver Equity Fund - IDCW Direct for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC Tax Saver Equity Fund - IDCW Direct | -2.59 | -2.05 | -2.56 |
As on March 2024
The alpha for HSBC Tax Saver Equity Fund - IDCW Direct 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 - IDCW Direct for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC Tax Saver Equity Fund - IDCW Direct | 0.88 | 0.98 | 0.99 |
As on March 2024
The Beta for HSBC Tax Saver Equity Fund - IDCW Direct 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 - IDCW Direct 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 - IDCW Direct | 1.93 | 0.8 | 0.52 |
As on March 2024
The sharpe ratio for HSBC Tax Saver Equity Fund - IDCW Direct 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 - IDCW Direct 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 - IDCW Direct | 11.54 | 13.75 | 19.3 |
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 1.4 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Cheenu Gupta is the fund manager of HSBC Tax Saver Equity Fund - IDCW Direct
The Exit load of HSBC Tax Saver Equity Fund - IDCW Direct is 0%