How to Invest in HSBC ELSS Fund Direct Growth?

You can easily invest in HSBC ELSS Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for HSBC ELSS Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in HSBC ELSS Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does HSBC ELSS Fund Direct Growth provide?

The HSBC ELSS Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is -0.81% since its inception.

How much expense ratio is charged by HSBC ELSS Fund Direct Growth?

The term Expense Ratio used for HSBC ELSS Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of HSBC ELSS Fund Direct Growth is 1.16% as of 01 Apr 2023...

What is the AUM of HSBC ELSS Fund Direct Growth?

The AUM, short for Assets Under Management of HSBC ELSS Fund Direct Growth is ₹3,007.29Cr as of 01 Apr 2023.

How to Redeem HSBC ELSS Fund Direct Growth?

If you want to sell your HSBC ELSS Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of HSBC ELSS Fund Direct Growth?

You can select either SIP or Lumpsum investment of HSBC ELSS Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of HSBC ELSS Fund Direct Growth?

The NAV of HSBC ELSS Fund Direct Growth is ₹83.49 as of 31 Mar 2023.

What is the PE and PB ratio of HSBC ELSS Fund Direct Growth?

The PE ratio ratio of HSBC ELSS Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

HSBC ELSS Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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 ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: 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
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
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
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
28 Feb 2023 - Present
1.16%
31 Jan 2023 - 28 Feb 2023
1.14%
31 Dec 2022 - 31 Jan 2023
1.19%
31 Dec 2022 - 31 Dec 2022
1.19%
30 Nov 2022 - 31 Dec 2022
1.19%
30 Nov 2022 - 30 Nov 2022
1.19%
31 Oct 2022 - 30 Nov 2022
1.18%
Expense ratio, exit load and taxExpense ratio: 1.16%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementGautam 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.
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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.
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Fund house & investment objective
HSBC Mutual Fund
Rank (total assets)#21 in India
Total AUM₹13,220.91Cr
Date of Incorporation27 May 2002
 HSBC ELSS Fund Direct Growth is a Equity Mutual Fund Scheme launched by HSBC Mutual Fund. This scheme was made available to investors on 27 May 2002. Cheenu Gupta is the Current Fund Manager of HSBC ELSS Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹13,221 Cr and the Latest NAV as of 31 Mar 2023 is ₹83.49.
The HSBC ELSS Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
;
Fund benchmarkNIFTY 500 Total Return Index
Scheme Information Document(SID)
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
E-mail
[email protected]
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,
Email
[email protected]
Website
www.camsonline.com
Compare funds
HSBC ELSS Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	-0.8%	26.7%	8.3%	13.0%
Category average	-0.4%	26.6%	10.1%	NA
Rank with in category	27	23	28	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	8.1%
ICICI Bank Ltd.	Financial	Equity	6.9%
Reliance Industries Ltd.	Energy	Equity	4.7%
Infosys Ltd.	Technology	Equity	4.5%
The Indian Hotels Company Ltd.	Services	Equity	4.4%
Larsen & Toubro Ltd.	Construction	Equity	4.0%
Persistent Systems Ltd.	Technology	Equity	3.8%
Hindustan Unilever Ltd.	Consumer Staples	Equity	3.4%
Ultratech Cement Ltd.	Construction	Equity	3.3%
KPIT Technologies Ltd.	Technology	Equity	2.9%

Rank (total assets)	#21 in India
Total AUM	₹13,220.91Cr

Date of Incorporation	27 May 2002

Fund benchmark	NIFTY 500 Total Return Index

Vaishnavi Tech Park, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	1
Fund size	₹3,007.29Cr

HSBC ELSS Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (47)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.16%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Gautam BhupalNov 2022 - PresentView details

Cheenu GuptaJul 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Gautam Bhupal
Nov 2022 - Present
View details

Cheenu Gupta
Jul 2021 - Present
View details