Compare Axis ELSS Tax Saver Direct Plan Growth vs HSBC ELSS Tax Saver Fund Direct Growth

Compare FundsDetailed comparison on parameters like NAV | Returns | Risk | Rating | Analysis
Axis ELSS Tax Saver Direct Plan GrowthEquity
ELSS
1.0
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HSBC ELSS Tax Saver Fund Direct GrowthEquity
ELSS
2.0
INVEST NOW
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Axis ELSS Tax Saver Direct Plan Growth

(36.2%)

HSBC ELSS Tax Saver Fund Direct Growth

(44.4%)

Fund Details

Risk	Very High	Very High	-
Min SIP Amount	₹500	₹1,000	-
Expense Ratio	0.76%	1.10%	-
NAV	₹95.6 (22-Apr-2024)	₹121.3 (22-Apr-2024)	-
Fund Started	01-Jan-2013	01-Jan-2013	-
Fund Size	₹35,474Cr	₹3,674Cr	-
Exit Load	Nil	Nil	-

Returns

1Y
36.2%
44.4%
-
3Y
13.5%
20.1%
-
5Y
15.2%
16.9%
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Pros & Cons

Pros
1. Exit load is zero2. Lower expense ratio: 0.76%3. 10Y annualised returns higher than category average by 0.91%
1. Exit load is zero2. Lower expense ratio: 1.1%3. 1Y annualised returns higher than category average by 4.57%
-

Cons
1. Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y2. Lock-in period: 3Y3. Low rating: 1
1. 3Y, 5Y and 10Y annualised returns lower than category average2. Lock-in period: 3Y3. Low rating: 2
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Holding Analysis

Top 5
-
-
-
Top 20
-
-
-
P/E
-
-
-
P/B
-
-
-
Turnover
-
-
-
Equity
-
-
-
Cash
-
-
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Top Holdings

Top 10 Holdings
Name
Assets
Torrent Power Ltd.
6.6%
Bajaj Finance Ltd.
6.2%
Tata Consultancy Services Ltd.
6.0%
Avenue Supermarts Ltd.
5.7%
HDFC Bank Ltd.
4.5%
Pidilite Industries Ltd.
4.3%
Nestle India Ltd.
3.6%
Info Edge (India) Ltd.
3.4%
Cholamandalam Investment and Finance Company Ltd.
3.0%
PI Industries Ltd.
2.9%
Name
Assets
Larsen & Toubro Ltd.
4.6%
Reliance Industries Ltd.
4.3%
HDFC Bank Ltd.
3.8%
ICICI Bank Ltd.
3.4%
CG Power and Industrial Solutions Ltd.
3.1%
Persistent Systems Ltd.
3.0%
KPIT Technologies Ltd.
2.7%
Infosys Ltd.
2.5%
Trent Ltd.
2.1%
Zomato Ltd.
2.1%
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Fund Manager

Name
Shreyash Devalkar
Gautam Bhupal
-
Education
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)
-
Experience
Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
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.
-

About Fund

Description
Axis Mutual Fund started their mutual fund on 04/09/2009 and its managing total assets of ₹69,145 Cr. Its ranked at 10 as per total assets at end of 30th Sep 2017.
HSBC Mutual Fund started their mutual fund on 27/05/2002 and its managing total assets of Rs. 10,912 Cr. Its ranked at 23 as per total assets at end of 30th Sep 2017.
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Launch Date
04 Sep 2009
27 May 2002
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Custodian
Deutsche Bank
Citibank NA
-
Registrar & Transfer Agent
KFin Tech
Cams
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