HSBC ELSS Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
26.70%
3Y annualised
+1.54% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 31 Mar 2023₹83.49
Min. SIP amount₹1,000
Rating1
Fund size₹3,007.29Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-0.8%26.7%8.3%13.0%
Category average-0.4%26.6%10.1%NA
Rank with in category272328NA
Understand terms

Holdings (47)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity8.1%
ICICI Bank Ltd.FinancialEquity6.9%
Reliance Industries Ltd.EnergyEquity4.7%
Infosys Ltd.TechnologyEquity4.5%
The Indian Hotels Company Ltd.ServicesEquity4.4%
Larsen & Toubro Ltd.ConstructionEquity4.0%
Persistent Systems Ltd.TechnologyEquity3.8%
Hindustan Unilever Ltd.Consumer StaplesEquity3.4%
Ultratech Cement Ltd.ConstructionEquity3.3%
KPIT Technologies Ltd.TechnologyEquity2.9%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lower expense ratio: 1.16%
Lock-in period: 3Y
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 1.16%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

Gautam Bhupal
Nov 2022 - Present
View details

Education
Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)
Experience
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.
Also manages these schemes

Cheenu Gupta
Jul 2021 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
9-11th Floor,NESCO - IT Park Bldg. 3, Nesco Complex,Western Express Highway, Goregaon East, Mumbai 400063
Phone
022-66145000 / 66668819 / 1800-200-2434
Launch Date
27 May 2002
Website
NA
HSBC Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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