3 Year return

21.48%
Launched on January 2013 (11 years)

Investment Details

₹1000

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹3949.85 Cr.

Expense Ratio

1.09% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

1
0
2

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

HSBC Mutual Fund Managers

VM

Venugopal Manghat

Fund Manager since Dec 2019

View Details

Fund House Details

HSBC Mutual Fund

HSBC Mutual Fund Asset management company

AUM ₹109,951.37 Cr.
No. of Schemes 164
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by HSBC Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Aggressive Hybrid Fund

HSBC Aggressive Hybrid Fund Direct IDCW Payout

16.99%
16.99%
scheme logo

Hybrid . Aggressive Hybrid Fund

HSBC Aggressive Hybrid Fund Direct Growth

16.99%
16.99%

About the HSBC ELSS Fund Direct Growth

The HSBC ELSS Fund Direct Growth is an equity mutual fund that aims to generate long-term capital growth by investing in a diversified portfolio of equity and equity-related securities. It is a direct plan, which means that it does not have any sales charges or commissions. The HSBC ELSS Fund Direct Growth is an open-ended fund. The expense ratio of the HSBC ELSS Fund Direct Growth is low compared to the category average.

Investment Objectives of the Scheme

The investment objective of the HSBC ELSS Fund Direct Growth is to generate long-term capital growth by investing in a diversified portfolio of equity and equity-related securities. The fund may also invest in money market instruments for liquidity purposes.

Key Features of The Fund

5-year return 19.77%
Expense Ratio 1.09%
Fund Manager Venugopal Manghat
Fund Size ₹3949.85 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The HSBC ELSS Fund Direct Growth is suitable for investors who are looking to save taxes under Section 80C of the Indian Income Tax Act and who are willing to invest for the long term (at least 3 years). The fund is a high-risk fund, so it is only suitable for investors who can tolerate the risk of losing money.

AMC Contact Details

Name HSBC Mutual Fund
Launch Date May 2002
Addresss HSBC Asset Management (India) Pvt. Ltd. 9-11 Floors, NESCO IT Park, Building no. 3, Western Express Highway, Goregaon (East), Mumbai – 400 063.
Contact 1800-200-2434 / 1800 4190 200
Email investor.line@mutualfunds.hsbc.co.in
Website https://www.assetmanagement.hsbc.co.in/en/mutual-funds

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of HSBC ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of HSBC ELSS Tax Saver Fund Jun 20 2024 is 137.3767

What is the AUM of HSBC ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of HSBC ELSS Tax Saver Fund is 3949.85 crore.

What is the expense ratio of HSBC ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of HSBC ELSS Tax Saver Fund is 1.09%

What are the returns of HSBC ELSS Tax Saver Fund since inception?

The HSBC ELSS Tax Saver Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 16.49 since inception.

What is the minimum SIP amount to invest in HSBC ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for HSBC ELSS Tax Saver Fund is 1000.

How do I invest in HSBC ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in HSBC ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in HSBC ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in HSBC ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.