March 26, 2024
mayank
HSBC Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 31.0416
Quarterly NAV IDCW: Rs 16.7452
Monthly NAV IDCW: Rs 15.9734
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.
Fund Manager:
1) Cheenu Gupta
Education: Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)
Experience: Prior to joining HSBC Mutual Fund, she has worked with L&T Mutual Fund, Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.
2) Neelotpal Sahai
Education: Mr. Sahai is a B.Tech from IT BHU and PGDM from IIM
Experience: Prior to joining HSBC AMC he has worked with IDFC Investment Advisors.
3) Mahesh A Chhabria
Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience: Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
4) Hitesh Gondhia
5) Praveen Ayathan
Education: Mr. Praveen is a B.Sc (Mathematics).
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T MF, Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 0.5% will be charged for redemption Within 30 days |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 9.59% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 225 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.61% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 107.00% |
Trailing Returns (%) of HSBC Equity Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Equity Savings Dir | 3.40 | 0.37 | -0.09 | 3.49 | 9.26 | 21.28 | 12.27 | 10.88 | 9.62 | 10.24 |
| VR MIP TRI | 2.15 | 0.16 | 0.02 | 3.05 | 7.64 | 16.72 | 9.45 | 9.44 | 9.21 | 9.45 |
| Hybrid: Equity Savings | 2.28 | 0.17 | 0.01 | 2.89 | 7.44 | 17.72 | 10.29 | 10.06 | 9.29 | 9.90 |
| Rank within category | 2 | 2 | 15 | 4 | 5 | 2 | 3 | 9 | 8 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 14 | 1 |
Peer Comparison of HSBC Equity Savings 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 Equity Savings Dir | 4 star | 21.28 | 12.27 | 10.88 | 0.61 | 225 | 9.59 | 0.50 (30) | 11Y 2M | 107.00 |
| ICICI Pru Equity Savings Dir | 4 star | 12.21 | 9.02 | 8.76 | 0.50 | 9,429 | 8.63 | 0.25 (7) | 9Y 3M | 50.00 |
| Kotak Equity Savings Dir | 5 star | 20.59 | 12.71 | 11.63 | 0.75 | 4,615 | 10.29 | 1.00 (90) | 9Y 5M | 499.28 |
| SBI Equity Savings Dir | 4 star | 20.65 | 10.76 | 11.08 | 0.67 | 4,183 | 9.93 | 0.10 (15) | 8Y 9M | 475.00 |
| Mirae Asset Equity Savings Dir | 4 star | 19.16 | 11.37 | 12.49 | 0.27 | 899 | 12.47 | 1.00 (365) | 5Y 3M | 469.00 |
Portfolio Analysis of HSBC Equity Savings Fund
| Number of Stocks | 48 |
| Number of Bonds | 7 |
| Average Maturity (yrs) | 2.03 |
| Top 10 Holdings | 45.82% |
| Portfolio P/B Ratio | 5.43 |
| Portfolio P/E Ratio | 40.92 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 50,060 | 2,19,266 |
| Giant (%) | 21.33 | 60.78 |
| Large (%) | 31.75 | 21.72 |
| Mid (%) | 25.79 | 12.76 |
| Small (%) | 21.13 | 5.80 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 55 | 96 |
| Macaulay Duration (yrs) | 1.83 | 2.10 |
| Average Maturity (yrs) | 2.03 | 2.95 |
| Yield to Maturity (%) | 7.29 | 7.26 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Equity Savings Fund?
Chanakya’s Mutual Fund Guidance For HSBC Equity Savings Fund
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