3 Year return

Launched on January 2013 (11 years)

Investment Details


Minimum SIP Amount


Minimum one time investment

Fund has 3 years period

Calculate Returns

Based on past performance of this fund


Your Investment ₹3,00,000
  • Total Value


Your Investment
  • Total Value

Risk Involved


Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹225.94 Cr.

Expense Ratio

1.6% (inclusive of GST)

Exit Load



ARQ Rating

Ratings by other agencies


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


HSBC Mutual Fund Managers


Gautam Bhupal

Fund Manager since Aug 2023

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

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About HSBC Tax Saver Equity Fund Growth Direct

The HSBC Tax Saver Equity Fund Growth Direct is an open-ended equity mutual fund scheme launched by HSBC Mutual Fund. It is a tax-saving ELSS fund, which means that you can claim a deduction of up to ₹1.50 lakh under Section 80C of the Income Tax Act, 1961, for your investment in this fund. The fund is open-ended, which means that you can buy and sell units of the fund at any time. The expense ratio of the fund is lower than the category average. The fund comes with a 3-year lock-in period.

Investment Objectives of the Scheme

The investment objective of the fund is to provide long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of companies across various sectors and industries, with no capitalization bias.

Key Features of The Fund

5-year return 19.16%
Expense Ratio 1.6%
Fund Manager Gautam Bhupal
Fund Size ₹225.94 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The fund is suitable for investors who are looking to invest for at least 3 years and are looking for additional benefits of income tax saving apart from higher returns expectations. The fund is not a good option for those investors having other investment objectives apart from tax savings. However, proper research should be done before investing in the scheme.

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.

Compare Your SIPs Across Various Mutual Funds

Use our SIP calculator to compare SIPs across different mutual funds. Moreover, by comparing the different expected rates of returns, you can compare the returns on the same amount for different SIPs. Open our SIP calculator to estimate returns and get started on your investment journey today!


What is today's NAV of HSBC Tax Saver Equity 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 Tax Saver Equity Fund Jun 18 2024 is 94.0783

What is the AUM of HSBC Tax Saver Equity 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 Tax Saver Equity Fund is 225.94 crore.

What is the expense ratio of HSBC Tax Saver Equity 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 Tax Saver Equity Fund is 1.6%

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

The HSBC Tax Saver Equity Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 15.98 since inception.

What is the minimum SIP amount to invest in HSBC Tax Saver Equity 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 Tax Saver Equity Fund is 500.

How do I invest in HSBC Tax Saver Equity 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 Tax Saver Equity 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 Tax Saver Equity 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 Tax Saver Equity 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.