March 26, 2024
mayank
HSBC ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 114.5635
NAV IDCW: Rs 38.1811
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
Fund Manager:
1) Gautam Bhupal
Education: Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)
Experience: Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.
2) Abhishek Gupta
Education: Mr. Gupta is a B. Com., PGDM (Finance) CFA (Investments)
Experience: Prior to joining HSBC Mutual Fund, he has worked with Edelweiss Asset Management Limited, Goldman Sachs, Baer Capital and Deutsche Asset Management.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.02% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,680 Cr |
| (As on 29-Feb-2024) | |
| Expense | 1.12% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
| Turnover | 66.00% |
Trailing Returns (%) of HSBC ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC ELSS Tax Saver Dir | 4.48 | 0.57 | -0.92 | 5.69 | 16.44 | 39.59 | 17.65 | 15.81 | 13.81 | 16.04 |
| S&P BSE 500 TRI | 3.12 | 0.49 | -1.38 | 5.17 | 16.08 | 39.28 | 18.67 | 17.47 | 15.79 | 16.20 |
| Equity: ELSS | 3.55 | 0.53 | -1.29 | 5.33 | 16.62 | 40.10 | 19.83 | 18.27 | 16.00 | 17.54 |
| Rank within category | 12 | 15 | 17 | 17 | 16 | 18 | 27 | 25 | 26 | 17 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 37 | 33 | 31 | 29 | 25 |
Peer Comparison of HSBC ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HSBC ELSS Tax Saver Dir | 2 star | 39.59 | 17.65 | 15.81 | 1.12 | 3,680 | 15.02 | — | 11Y 2M | 66.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 36.68 | 18.30 | 20.04 | 0.58 | 21,302 | 20.11 | — | 8Y 2M | 94.00 |
| SBI Long Term Equity Dir | 5 star | 59.40 | 27.20 | 21.67 | 0.97 | 21,203 | 16.95 | — | 11Y 2M | 15.00 |
| DSP ELSS Tax Saver Dir | 4 star | 41.19 | 20.87 | 19.75 | 0.79 | 14,147 | 17.91 | — | 11Y 2M | 38.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 46.51 | 26.21 | 17.91 | 1.14 | 13,820 | 15.43 | — | 11Y 2M | 33.34 |
Portfolio Analysis of HSBC ELSS Tax Saver Fund
| No. of Stocks | 87 |
| Top 10 Stocks | 33.93% |
| Top 5 Stocks | 20.01% |
| Top 3 Sectors | 52.41% |
| Portfolio P/B Ratio | 4.05 |
| Portfolio P/E Ratio | 25.43 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,07,681 | 1,64,198 |
| Giant (%) | 38.56 | 51.70 |
| Large (%) | 31.20 | 19.69 |
| Mid (%) | 23.73 | 23.56 |
| Small (%) | 6.51 | 6.94 |
| Tiny (%) | — | 0.40 |
How to Invest in HSBC ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For HSBC ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://invest.assetmanagement.hsbc.co.in/auth/login
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