HSBC Tax Saver Equity Fund-IDCW
NAV as of Aug 30, 2024
36.740.81%
(Earn upto 0.87% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
2.47%(1.94% Category
average)Fund Size:
Rs. 250.14 Cr(0.10% of Investment in Category)
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HSBC Tax Saver Equity Fund-IDCW
NAV as of Aug 30, 2024
36.740.81%
Expense Ratio:
2.47%
Fund Size:
Rs. 250.14 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the HSBC Tax Saver Equity Fund as of Aug 30, 2024 is Rs 36.74 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 43.55% (1yr), 19.43% (3yr), 21.24% (5yr) and 13.31% (since launch). Whereas, Category returns for the same time duration are: 41.97% (1yr), 19.87% (3yr) and 22.5% (5yr).
3. Fund Size: The HSBC Tax Saver Equity Fund currently holds Assets under Management worth of Rs 250.14 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.47% for Regular plan as on Aug 05, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
HSBC Tax Saver Equity Fund-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 3.24 15.84 20.38 44.47 18.97 21.44 Category Avg 1.31 13.06 19.61 41.90 19.07 22.62 Rank within Category 19 27 18 22 20 28 No. of funds within Category 38 38 38 38 33 32 - Loading...
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Return Comparison
- This Fund
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HSBC Tax Saver Equity Fund-IDCW Fund Details
Investment Objective - The scheme aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of companies across various sectors and industries, with no capitalisation bias.
Fund House | HSBC Mutual Fund |
Launch Date | Jan 05, 2007 |
Benchmark | NIFTY 500 Total Return Index |
Return Since Launch | 13.36% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
HSBC Tax Saver Equity Fund-IDCW Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | 1.00 |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 48 | 48 | 48 | 47 | 47 | 43 |
Top 5 Company Holdings | 25.55% | 25.23% | 25.38% | 25.23% | 28.12% | 29.0% |
Top 10 Company Holdings | 43.07% | 43.71% | 43.62% | 43.16% | 45.04% | 46.47% |
Company with Highest Exposure | Infosys (6.13%) | ICICI Bank (6.17%) | ICICI Bank (6.19%) | ICICI Bank (6.26%) | ICICI Bank (7.22%) | ICICI Bank (8.05%) |
Number of Sectors | 16 | 16 | 16 | 16 | 16 | 16 |
Top 3 Sector Holdings | 45.34% | 46.1% | 46.72% | 45.54% | 45.66% | 45.74% |
Top 5 Sector Holdings | 64.47% | 64.71% | 66.27% | 65.5% | 63.91% | 63.01% |
Sector with Highest Exposure | Financial (22.95%) | Financial (22.82%) | Financial (22.53%) | Financial (22.13%) | Financial (23.08%) | Financial (22.95%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Infosys Technology 6.13 30.28 64.20 36.38 ICICI Bank Financial 6.06 18.65 65.91 26.26 Reliance Industries Energy 4.52 29.72 101.60 25.68 HDFC Bank Financial 4.48 18.27 89.60 3.03 Dixon Technologies (India) Capital Goods 4.36 182.17 72.30 168.49 Larsen & Toubro Construction 4.14 38.15 97.11 35.47 Kei Industries Capital Goods 3.77 68.24 67.55 73.71 Axis Bank Financial 3.45 13.59 86.50 19.85 MCX Services 3.17 151.58 34.19 211.19 State Bank of India Financial 2.99 10.55 77.28 41.69
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HSBC Tax Saver Equity Fund-IDCW 36.74 Unrated 250.14 3.24 44.47 18.97 21.44 SBI Long Term Equity Fund Regular - IDCW 90.88 27,527.24 0.76 57.48 27.72 27.69 Bank of India ELSS Tax Saver Fund Regular-IDCW 33.94 1,484.56 -0.50 53.84 21.05 29.26 Quant ELSS Tax Saver Fund-IDCW 56.10 11,065.42 -1.51 50.85 25.69 35.96 Union ELSS Tax Saver Fund-IDCW 36.71 960.42 1.77 34.99 17.36 22.90
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
13.78VS13.17Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.00VS0.90Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
1.00VS1.12Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
13.84VS16.59Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-0.76VS1.63Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
19.33VS20.24Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- G.B.Gautam BhupalSince Jul 201912 schemes
- C.G.Cheenu GuptaSince Nov 20228 schemes
Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons) 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HSBC Value Fund-IDCW Value Oriented 58.17 13,819.92 52.56 HSBC Balanced Advantage Fund-IDCW Dynamic Asset Allocation 20.55 1,493.75 23.61 HSBC Aggressive Hybrid Fund-IDCW Aggressive Hybrid 30.83 5,893.06 34.50 HSBC Large Cap Fund-IDCW Large Cap 52.28 1,975.56 39.05 HSBC ELSS Tax Saver Fund-IDCW ELSS 31.86 4,373.63 49.76 HSBC Infrastructure Fund-IDCW Sectoral-Infrastructure 43.78 2,847.57 57.11 HSBC Managed Solutions India Growth Fund Regular- IDCW Aggressive Hybrid 33.60 44.90 31.85 HSBC Managed Solutions India Moderate Fund Regular- IDCW Multi Asset Allocation 29.98 59.90 26.75 HSBC Managed Solutions India Conservative Fund Regular- IDCW Conservative Hybrid 17.48 25.12 10.26 HSBC Multi Cap Fund Regular - IDCW Multi Cap 19.28 Unrated 3,865.61 55.48 HSBC Consumption Fund Regular - IDCW Thematic-Consumption 14.62 Unrated 1,448.62 - HSBC Business Cycles Fund Regular-IDCW Thematic 27.46 Unrated 953.19 53.13 Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T) 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HSBC Managed Solutions India Growth Fund Regular- IDCW Aggressive Hybrid 33.60 44.90 31.85 HSBC Small Cap Fund-IDCW Small Cap 47.55 16,905.18 42.37 HSBC Focused Fund Regular-IDCW Flexi Cap 19.72 1,762.08 40.67 HSBC Midcap Fund-IDCW Mid Cap 80.63 11,882.09 59.22 HSBC Large and Mid Cap Fund Regular-IDCW Large & MidCap 22.93 3,570.35 49.20 HSBC Managed Solutions India Moderate Fund Regular- IDCW Multi Asset Allocation 29.98 59.90 26.75 HSBC Managed Solutions India Conservative Fund Regular- IDCW Conservative Hybrid 17.48 25.12 10.26 HSBC Multi Asset Allocation Fund Regular - IDCW Multi Asset Allocation 11.79 Unrated 1,938.92 -
More HSBC Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
HSBC Liquid Fund Regular-Growth | 19,885.27 | 0.59 | 1.82 | 3.56 | 7.19 | 5.31 | |
HSBC Liquid Fund-Growth | 19,885.27 | 0.59 | 1.82 | 3.56 | 7.19 | 4.84 | |
HSBC Small Cap Fund-Growth | 13,746.58 | -3.95 | 1.40 | 8.21 | 44.48 | 30.69 | |
HSBC Value Fund-Growth | 11,536.28 | 1.54 | 10.44 | 20.86 | 51.15 | 25.47 | |
HSBC Midcap Fund-Growth | 9,724.77 | 1.81 | 9.88 | 21.05 | 51.59 | 21.08 | |
HSBC Corporate Bond-Growth | 6,175.46 | 0.80 | 2.51 | 3.72 | 8.05 | 5.60 | |
HSBC Aggressive Hybrid Fund-Growth | 5,139.21 | 1.91 | 5.94 | 9.72 | 30.41 | 12.51 | |
HSBC Banking and PSU Debt Fund-Growth | 4,594.65 | 0.67 | 2.01 | 3.41 | 7.42 | 4.37 | |
HSBC Flexi Cap Fund-Growth | 4,199.70 | 2.08 | 10.76 | 17.24 | 41.83 | 18.79 | |
HSBC ELSS Tax Saver Fund-Growth | 3,679.64 | 1.95 | 9.28 | 14.55 | 38.95 | 16.27 |
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1. HSBC Tax Saver Equity Fund is Open-ended ELSS Equity scheme which belongs to HSBC Mutual Fund House.
2. The fund was launched on Jan 05, 2007.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of companies across various sectors and industries, with no capitalisation bias. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.68% in equities, 0.0% in debts and 1.32% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 43.07% of the assets, the top 3 sectors constitute around 45.34% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on HSBC Tax Saver Equity Fund-IDCW
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about HSBC Tax Saver Equity Fund-IDCW
- Is it safe to invest in HSBC Tax Saver Equity Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the HSBC Tax Saver Equity Fund comes under Very High risk category.
- What is the category of HSBC Tax Saver Equity Fund?HSBC Tax Saver Equity Fund belongs to the Equity : ELSS category of funds.
- How Long should I Invest in HSBC Tax Saver Equity Fund?The suggested investment horizon of investing into HSBC Tax Saver Equity Fund is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HSBC Tax Saver Equity Fund?The HSBC Tax Saver Equity Fund is managed by Gautam Bhupal (Since Jul 23, 2019) and Cheenu Gupta (Since Nov 26, 2022).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.