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HSBC ELSS Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (14-Nov-24)
₹139.230.37%1D
Returns (Since Inception)
16.11%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,485 Cr
Expense Ratio
1.60%
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, 10 months and 15 days, having been launched on 01-Jan-13.
As of 14-Nov-24, it has a Net Asset Value (NAV) of ₹139.23, Assets Under Management (AUM) of 4485.23 Crores, and an expense ratio of 1.6%.
As of 14-Nov-24, it has a Net Asset Value (NAV) of ₹139.23, Assets Under Management (AUM) of 4485.23 Crores, and an expense ratio of 1.6%.
- HSBC ELSS Fund Direct Growth has given a CAGR return of 16.11% since inception.
- The fund's asset allocation comprises around 98.90% in equities, 0.00% in debts, and 1.10% 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
+40.11%
+29.65% (Cat Avg.)
3 Years
+16.94%
+14.13% (Cat Avg.)
5 Years
+19.75%
+19.33% (Cat Avg.)
10 Years
+14.44%
+13.92% (Cat Avg.)
Since Inception
+16.11%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2024
| Equity | ₹4,436.11 Cr | 98.90% |
| Others | ₹49.13 Cr | 1.10% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹201.35 Cr | 4.49% |
| ICICI Bank Ltd | Equity | ₹147.1 Cr | 3.28% |
| Reliance Industries Ltd | Equity | ₹140.54 Cr | 3.13% |
| Infosys Ltd | Equity | ₹131.87 Cr | 2.94% |
| Trent Ltd | Equity | ₹119.76 Cr | 2.67% |
| Larsen & Toubro Ltd | Equity | ₹110.8 Cr | 2.47% |
| Persistent Systems Ltd | Equity | ₹100.67 Cr | 2.24% |
| Zomato Ltd | Equity | ₹95.48 Cr | 2.13% |
| Shriram Finance Ltd | Equity | ₹92.39 Cr | 2.06% |
| KPIT Technologies Ltd | Equity | ₹84.44 Cr | 1.88% |
| Jindal Saw Ltd | Equity | ₹81.4 Cr | 1.81% |
| Blue Star Ltd | Equity | ₹80.9 Cr | 1.80% |
| Bharti Airtel Ltd | Equity | ₹79.84 Cr | 1.78% |
| State Bank of India | Equity | ₹77.56 Cr | 1.73% |
| CG Power & Industrial Solutions Ltd | Equity | ₹72.21 Cr | 1.61% |
| Power Finance Corp Ltd | Equity | ₹70.96 Cr | 1.58% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹69.57 Cr | 1.55% |
| NTPC Ltd | Equity | ₹67.9 Cr | 1.51% |
| Jindal Steel & Power Ltd | Equity | ₹67.24 Cr | 1.50% |
| Balrampur Chini Mills Ltd | Equity | ₹64.07 Cr | 1.43% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹61.94 Cr | 1.38% |
| KEI Industries Ltd | Equity | ₹61.42 Cr | 1.37% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹61.18 Cr | 1.36% |
| Axis Bank Ltd | Equity | ₹61.1 Cr | 1.36% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹60.64 Cr | 1.35% |
| Triveni Turbine Ltd | Equity | ₹57.64 Cr | 1.29% |
| JSW Energy Ltd | Equity | ₹56.78 Cr | 1.27% |
| Bikaji Foods International Ltd | Equity | ₹55.15 Cr | 1.23% |
| Bajaj Auto Ltd | Equity | ₹54.94 Cr | 1.22% |
| Kaynes Technology India Ltd | Equity | ₹54.1 Cr | 1.21% |
| Oil & Natural Gas Corp Ltd | Equity | ₹52.18 Cr | 1.16% |
| Bharat Electronics Ltd | Equity | ₹51.67 Cr | 1.15% |
| Transformers & Rectifiers (India) Ltd | Equity | ₹50.01 Cr | 1.12% |
| Mahindra & Mahindra Ltd | Equity | ₹49.49 Cr | 1.10% |
| Vinati Organics Ltd | Equity | ₹48.8 Cr | 1.09% |
| Bharat Heavy Electricals Ltd | Equity | ₹48.25 Cr | 1.08% |
| Indian Hotels Co Ltd | Equity | ₹48.24 Cr | 1.08% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹47.97 Cr | 1.07% |
| Gujarat State Petronet Ltd | Equity | ₹47.28 Cr | 1.05% |
| Treps | Cash - Repurchase Agreement | ₹47.1 Cr | 1.05% |
| Karur Vysya Bank Ltd | Equity | ₹46.36 Cr | 1.03% |
| Godrej Properties Ltd | Equity | ₹45.83 Cr | 1.02% |
| Engineers India Ltd | Equity | ₹44.97 Cr | 1.00% |
| Dabur India Ltd | Equity | ₹44.77 Cr | 1.00% |
| Safari Industries (India) Ltd | Equity | ₹44.29 Cr | 0.99% |
| Tech Mahindra Ltd | Equity | ₹42.43 Cr | 0.95% |
| Schaeffler India Ltd | Equity | ₹41.56 Cr | 0.93% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹40.9 Cr | 0.91% |
| Lupin Ltd | Equity | ₹40.8 Cr | 0.91% |
| DLF Ltd | Equity | ₹40.5 Cr | 0.90% |
| Varroc Engineering Ltd Ordinary Shares | Equity | ₹39.55 Cr | 0.88% |
| TVS Motor Co Ltd | Equity | ₹39.28 Cr | 0.88% |
| BSE Ltd | Equity | ₹39.06 Cr | 0.87% |
| Sobha Ltd | Equity | ₹38.42 Cr | 0.86% |
| 360 One Wam Ltd Ordinary Shares | Equity | ₹37.13 Cr | 0.83% |
| ABB India Ltd | Equity | ₹37.09 Cr | 0.83% |
| Avalon Technologies Ltd | Equity | ₹36.66 Cr | 0.82% |
| Siemens Ltd | Equity | ₹36.25 Cr | 0.81% |
| Amber Enterprises India Ltd Ordinary Shares | Equity | ₹35.92 Cr | 0.80% |
| Syngene International Ltd | Equity | ₹35.86 Cr | 0.80% |
| GE T&D India Ltd | Equity | ₹35.3 Cr | 0.79% |
| Indian Bank | Equity | ₹34.04 Cr | 0.76% |
| Suzlon Energy Ltd | Equity | ₹34.03 Cr | 0.76% |
| UltraTech Cement Ltd | Equity | ₹32.81 Cr | 0.73% |
| Karnataka Bank Ltd | Equity | ₹32.76 Cr | 0.73% |
| Zensar Technologies Ltd | Equity | ₹31.7 Cr | 0.71% |
| IIFL Finance Ltd | Equity | ₹31.51 Cr | 0.70% |
| Escorts Kubota Ltd | Equity | ₹31.46 Cr | 0.70% |
| PNB Housing Finance Ltd | Equity | ₹31.36 Cr | 0.70% |
| Century Plyboards (India) Ltd | Equity | ₹29.95 Cr | 0.67% |
| Net Current Assets (Including Cash & Bank Balances) | Cash | ₹-29.58 Cr | 0.66% |
| Mankind Pharma Ltd | Equity | ₹29.04 Cr | 0.65% |
| Craftsman Automation Ltd | Equity | ₹28.72 Cr | 0.64% |
| Jindal Stainless Ltd | Equity | ₹28.7 Cr | 0.64% |
| Exide Industries Ltd | Equity | ₹28.54 Cr | 0.64% |
| Thangamayil Jewellery Ltd | Equity | ₹26.6 Cr | 0.59% |
| Lemon Tree Hotels Ltd | Equity | ₹26.49 Cr | 0.59% |
| UNO Minda Ltd | Equity | ₹26.13 Cr | 0.58% |
| Pearl Global Industries Ltd | Equity | ₹26.01 Cr | 0.58% |
| Polycab India Ltd | Equity | ₹25.6 Cr | 0.57% |
| Cello World Ltd | Equity | ₹23.62 Cr | 0.53% |
| DOMS Industries Ltd | Equity | ₹18.09 Cr | 0.40% |
| Jio Financial Services Ltd | Equity | ₹15.83 Cr | 0.35% |
| Concord Biotech Ltd | Equity | ₹13.79 Cr | 0.31% |
| Titan Co Ltd | Equity | ₹13.08 Cr | 0.29% |
| Techno Electric & Engineering Co Ltd | Equity | ₹9.68 Cr | 0.22% |
| Pitti Engineering Ltd | Equity | ₹7.66 Cr | 0.17% |
| Sobha Ltd Ordinary Shares (Partly Paid Rs.5) | Equity | ₹2.73 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
51.30%
Mid Cap Stocks
21.58%
Small Cap Stocks
26.72%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,036.06 Cr | 23.10% |
| Industrials | ₹929.08 Cr | 20.71% |
| Consumer Cyclical | ₹767.71 Cr | 17.12% |
| Technology | ₹468.67 Cr | 10.45% |
| Basic Materials | ₹288.9 Cr | 6.44% |
| Healthcare | ₹241.3 Cr | 5.38% |
| Energy | ₹192.72 Cr | 4.30% |
| Utilities | ₹171.97 Cr | 3.83% |
| Consumer Defensive | ₹163.98 Cr | 3.66% |
| Real Estate | ₹127.48 Cr | 2.84% |
| Communication Services | ₹79.84 Cr | 1.78% |
Risk & Performance Ratios
Standard Deviation
This fund
13.96%
Cat. avg.
13.29%
Lower the better
Sharpe Ratio
This fund
0.94
Cat. avg.
0.78
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.39
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 30th September 2024
ISIN INF917K01GP0 | Expense Ratio 1.60% | Exit Load No Charges | Fund Size ₹4,485 Cr | Age 11 years 10 months | 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:
Dividend Taxation:
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% | ₹4925.84 Cr | 31.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4925.84 Cr | 29.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹39252.74 Cr | 25.2% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4273.94 Cr | 29.7% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4273.94 Cr | 28.3% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹57.19 Cr | 25.4% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹57.19 Cr | 23.4% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹411.63 Cr | 35.1% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹411.63 Cr | 32.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1559.54 Cr | 20.3% |
About the AMC
HSBC Mutual Fund
Total AUM
₹1,25,951 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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What is the current NAV of HSBC ELSS Fund Direct Growth?
The NAV of HSBC ELSS Fund Direct Growth, as of 14-Nov-2024, is ₹139.23.
What are the returns of HSBC ELSS Fund Direct Growth?
The fund has generated 40.11% over the last 1 year and 16.94% 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 98.90% in equities, 0.00% in bonds, and 1.10% 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.