HSBC ELSS Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (05-Sep-24)
₹147.040.34%1D
Returns (Since Inception)
16.94%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,374 Cr
Expense Ratio
1.10%
ISIN
INF917K01GP0
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
HSBC ELSS Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 11 years, 8 months and 6 days, having been launched on 01-Jan-13.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹147.04, Assets Under Management (AUM) of 4373.63 Crores, and an expense ratio of 1.1%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹147.04, Assets Under Management (AUM) of 4373.63 Crores, and an expense ratio of 1.1%.
- HSBC ELSS Fund Direct Growth has given a CAGR return of 16.94% since inception.
- The fund's asset allocation comprises around 99.43% in equities, 0.00% in debts, and 0.57% in cash & cash equivalents.
- You can start investing in HSBC ELSS Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+49.04%
+39.82% (Cat Avg.)
3 Years
+20.47%
+18.95% (Cat Avg.)
5 Years
+23.12%
+23.15% (Cat Avg.)
10 Years
+15.70%
+15.31% (Cat Avg.)
Since Inception
+16.94%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹4,348.7 Cr | 99.43% |
| Others | ₹24.93 Cr | 0.57% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹187.83 Cr | 4.29% |
| Reliance Industries Ltd | Equity | ₹161.86 Cr | 3.70% |
| ICICI Bank Ltd | Equity | ₹140.38 Cr | 3.21% |
| Infosys Ltd | Equity | ₹131.36 Cr | 3.00% |
| Larsen & Toubro Ltd | Equity | ₹115 Cr | 2.63% |
| Persistent Systems Ltd | Equity | ₹97.81 Cr | 2.24% |
| KPIT Technologies Ltd | Equity | ₹95.58 Cr | 2.19% |
| Power Finance Corp Ltd | Equity | ₹92.42 Cr | 2.11% |
| Trent Ltd | Equity | ₹92.31 Cr | 2.11% |
| CG Power & Industrial Solutions Ltd | Equity | ₹88.42 Cr | 2.02% |
| State Bank of India | Equity | ₹85.88 Cr | 1.96% |
| Zomato Ltd | Equity | ₹80.16 Cr | 1.83% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹76.92 Cr | 1.76% |
| Bharat Electronics Ltd | Equity | ₹76.38 Cr | 1.75% |
| Shriram Finance Ltd | Equity | ₹75.73 Cr | 1.73% |
| Jindal Saw Ltd | Equity | ₹71 Cr | 1.62% |
| Bharti Airtel Ltd | Equity | ₹69.66 Cr | 1.59% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹68.98 Cr | 1.58% |
| JSW Energy Ltd | Equity | ₹67.62 Cr | 1.55% |
| Blue Star Ltd | Equity | ₹67.57 Cr | 1.54% |
| KEI Industries Ltd | Equity | ₹66.35 Cr | 1.52% |
| Jindal Steel & Power Ltd | Equity | ₹63.92 Cr | 1.46% |
| NTPC Ltd | Equity | ₹63.74 Cr | 1.46% |
| Triveni Turbine Ltd | Equity | ₹60.87 Cr | 1.39% |
| Transformers & Rectifiers (India) Ltd | Equity | ₹58.89 Cr | 1.35% |
| Oil & Natural Gas Corp Ltd | Equity | ₹58.6 Cr | 1.34% |
| Axis Bank Ltd | Equity | ₹57.83 Cr | 1.32% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹56.73 Cr | 1.30% |
| Engineers India Ltd | Equity | ₹55.67 Cr | 1.27% |
| Kaynes Technology India Ltd | Equity | ₹54.95 Cr | 1.26% |
| Bharat Heavy Electricals Ltd | Equity | ₹54.39 Cr | 1.24% |
| Indian Hotels Co Ltd | Equity | ₹51.81 Cr | 1.18% |
| 360 One Wam Ltd Ordinary Shares | Equity | ₹51.76 Cr | 1.18% |
| Karur Vysya Bank Ltd | Equity | ₹49.86 Cr | 1.14% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹47.49 Cr | 1.09% |
| Balrampur Chini Mills Ltd | Equity | ₹47.47 Cr | 1.09% |
| Godrej Properties Ltd | Equity | ₹46.68 Cr | 1.07% |
| Mahindra & Mahindra Ltd | Equity | ₹46.5 Cr | 1.06% |
| Dabur India Ltd | Equity | ₹45.52 Cr | 1.04% |
| Schaeffler India Ltd | Equity | ₹45.32 Cr | 1.04% |
| Siemens Ltd | Equity | ₹44.53 Cr | 1.02% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹43.98 Cr | 1.01% |
| Titan Co Ltd | Equity | ₹43.33 Cr | 0.99% |
| Varroc Engineering Ltd Ordinary Shares | Equity | ₹43.04 Cr | 0.98% |
| Bikaji Foods International Ltd | Equity | ₹42.79 Cr | 0.98% |
| Tech Mahindra Ltd | Equity | ₹41.81 Cr | 0.96% |
| DLF Ltd | Equity | ₹40.23 Cr | 0.92% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹40.15 Cr | 0.92% |
| Indian Bank | Equity | ₹39.55 Cr | 0.90% |
| Safari Industries (India) Ltd | Equity | ₹39.02 Cr | 0.89% |
| Gujarat State Petronet Ltd | Equity | ₹37.74 Cr | 0.86% |
| Zensar Technologies Ltd | Equity | ₹37.24 Cr | 0.85% |
| Vinati Organics Ltd | Equity | ₹36.41 Cr | 0.83% |
| ABB India Ltd | Equity | ₹36.36 Cr | 0.83% |
| Sobha Ltd | Equity | ₹35.64 Cr | 0.81% |
| Lupin Ltd | Equity | ₹35.6 Cr | 0.81% |
| TVS Motor Co Ltd | Equity | ₹35 Cr | 0.80% |
| UltraTech Cement Ltd | Equity | ₹33.05 Cr | 0.76% |
| Karnataka Bank Ltd | Equity | ₹32.88 Cr | 0.75% |
| Mankind Pharma Ltd | Equity | ₹32.77 Cr | 0.75% |
| Lemon Tree Hotels Ltd | Equity | ₹32.73 Cr | 0.75% |
| UNO Minda Ltd | Equity | ₹32.72 Cr | 0.75% |
| Amber Enterprises India Ltd Ordinary Shares | Equity | ₹32.38 Cr | 0.74% |
| Escorts Kubota Ltd | Equity | ₹30.76 Cr | 0.70% |
| Tata Motors Ltd | Equity | ₹30.12 Cr | 0.69% |
| IIFL Finance Ltd | Equity | ₹30.1 Cr | 0.69% |
| Exide Industries Ltd | Equity | ₹29.72 Cr | 0.68% |
| Suzlon Energy Ltd | Equity | ₹29.49 Cr | 0.67% |
| Avalon Technologies Ltd | Equity | ₹29.03 Cr | 0.66% |
| Jindal Stainless Ltd | Equity | ₹26.88 Cr | 0.61% |
| Treps | Cash - Repurchase Agreement | ₹25.96 Cr | 0.59% |
| Polycab India Ltd | Equity | ₹25.24 Cr | 0.58% |
| Craftsman Automation Ltd | Equity | ₹24.8 Cr | 0.57% |
| Cello World Ltd | Equity | ₹24.63 Cr | 0.56% |
| Century Plyboards (India) Ltd | Equity | ₹23.84 Cr | 0.55% |
| Bajaj Auto Ltd | Equity | ₹23.73 Cr | 0.54% |
| Syngene International Ltd | Equity | ₹21.74 Cr | 0.50% |
| BSE Ltd | Equity | ₹18.81 Cr | 0.43% |
| DOMS Industries Ltd | Equity | ₹15.84 Cr | 0.36% |
| Jio Financial Services Ltd | Equity | ₹14.84 Cr | 0.34% |
| Pearl Global Industries Ltd | Equity | ₹13.89 Cr | 0.32% |
| Concord Biotech Ltd | Equity | ₹11.13 Cr | 0.25% |
| Techno Electric & Engineering Co Ltd | Equity | ₹10.32 Cr | 0.24% |
| Can Fin Homes Ltd | Equity | ₹8.25 Cr | 0.19% |
| Pitti Engineering Ltd | Equity | ₹7.03 Cr | 0.16% |
| Sobha Ltd Ordinary Shares (Partly Paid Rs.5) | Equity | ₹2.35 Cr | 0.05% |
| Net Current Assets (Including Cash & Bank Balances) | Cash | ₹-1.03 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
51.12%
Mid Cap Stocks
22.74%
Small Cap Stocks
25.56%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,010.54 Cr | 23.11% |
| Industrials | ₹967.03 Cr | 22.11% |
| Consumer Cyclical | ₹721.21 Cr | 16.49% |
| Technology | ₹472.97 Cr | 10.81% |
| Basic Materials | ₹255.1 Cr | 5.83% |
| Energy | ₹220.46 Cr | 5.04% |
| Healthcare | ₹201.95 Cr | 4.62% |
| Utilities | ₹169.1 Cr | 3.87% |
| Consumer Defensive | ₹135.78 Cr | 3.10% |
| Real Estate | ₹124.9 Cr | 2.86% |
| Communication Services | ₹69.66 Cr | 1.59% |
Risk & Performance Ratios
Standard Deviation
This fund
13.52%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
1.06
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
GB
Gautam Bhupal
Since November 2022
SG
Sonal Gupta
Since July 2021
AG
Abhishek Gupta
Since March 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF917K01GP0 | Expense Ratio | 1.10% | Exit Load | No Charges | Fund Size | ₹4,374 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4722.04 Cr | 37.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 35.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38278.40 Cr | 35.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹56.80 Cr | 39.5% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 37.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 55.9% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 53.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1677.93 Cr | 25.8% |
About the AMC
Total AUM
₹1,21,564 Cr
Address
16, V N Road, Mumbai, 400 001
Other Funds by HSBC Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of HSBC ELSS Fund Direct Growth?
The NAV of HSBC ELSS Fund Direct Growth, as of 05-Sep-2024, is ₹147.04.
What are the returns of HSBC ELSS Fund Direct Growth?
The fund has generated 49.04% over the last 1 year and 20.47% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HSBC ELSS Fund Direct Growth?
The fund's allocation of assets is distributed as 99.43% in equities, 0.00% in bonds, and 0.57% in cash and cash equivalents.
Who manages the HSBC ELSS Fund Direct Growth?
The fund managers responsible for HSBC ELSS Fund Direct Growth are:-
- Gautam Bhupal
- Sonal Gupta
- Abhishek Gupta
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.