How to Invest in HSBC ELSS Fund Direct IDCW?

You can easily invest in HSBC ELSS Fund Direct IDCW 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 IDCW 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 IDCW as SIP or lumpsum as per your investment objective and risk tolerance

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

The HSBC ELSS Fund Direct IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is 20.43% since its inception.

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

The term Expense Ratio used for HSBC ELSS Fund Direct IDCW 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 IDCW is 1.14% as of 08 Jun 2023...

What is the AUM of HSBC ELSS Fund Direct IDCW?

The AUM, short for Assets Under Management of HSBC ELSS Fund Direct IDCW is ₹3,053.84Cr as of 08 Jun 2023.

How to Redeem HSBC ELSS Fund Direct IDCW?

If you want to sell your HSBC ELSS Fund Direct IDCW 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 IDCW?

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

What is the NAV of HSBC ELSS Fund Direct IDCW?

The NAV of HSBC ELSS Fund Direct IDCW is ₹32.69 as of 07 Jun 2023.

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

The PE ratio ratio of HSBC ELSS Fund Direct IDCW 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 IDCW - NAV, Mutual Fund Performance & Portfolio

HSBC ELSS Fund Direct IDCW
Equity
ELSS
Very High Risk
3Y Lock In
23.74%
3Y annualised
+0.83% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 07 Jun 2023₹32.69
Min. SIP amountNot Supported
Rating2
Fund size₹3,053.84Cr
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 returns20.4%23.7%10.0%13.9%
Category average17.3%24.6%11.9%NA
Rank with in category92529NA
Understand terms
Holdings (48)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity9.4%
ICICI Bank Ltd.FinancialEquity6.0%
Reliance Industries Ltd.EnergyEquity5.6%
Larsen & Toubro Ltd.ConstructionEquity4.4%
The Indian Hotels Company Ltd.ServicesEquity4.0%
Ultratech Cement Ltd.ConstructionEquity3.4%
Hindustan Unilever Ltd.Consumer StaplesEquity3.4%
KPIT Technologies Ltd.TechnologyEquity3.2%
Cholamandalam Investment and Finance Company Ltd.FinancialEquity3.2%
Persistent Systems Ltd.TechnologyEquity3.1%
See All
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
30 Apr 2023 - Present
1.14%
31 Mar 2023 - 30 Apr 2023
1.16%
28 Feb 2023 - 31 Mar 2023
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: 1.14%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 investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
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.
Also manages these schemes
HSBC Large Cap Fund IDCW
HSBC Large Cap Fund Growth
HSBC Conservative Hybrid Fund IDCW Monthly
HSBC Conservative Hybrid Fund IDCW Quarterly
HSBC Conservative Hybrid Fund Growth
HSBC Infrastructure Equity Fund IDCW
HSBC Infrastructure Equity Fund Growth
HSBC Tax Saver Equity Fund IDCW
HSBC Tax Saver Equity Fund Growth
HSBC Large Cap Fund Direct IDCW
HSBC Large Cap Fund Direct Growth
HSBC Infrastructure Equity Fund Direct IDCW
HSBC Infrastructure Equity Fund Direct Growth
HSBC Conservative Hybrid Fund Direct Growth
HSBC Conservative Hybrid Fund Direct IDCW Monthly
HSBC Conservative Hybrid Fund Direct IDCW Quarterly
HSBC Tax Saver Equity Fund Direct IDCW
HSBC Tax Saver Equity Fund Direct Growth
HSBC Managed Solutions India Growth Fund Regular Growth
HSBC Managed Solutions India Moderate Fund Regular Growth
HSBC Managed Solutions India Moderate Fund Regular IDCW
HSBC Managed Solutions India Moderate Fund Direct Growth
HSBC Managed Solutions India Moderate Fund Direct IDCW
HSBC Managed Solutions India Conservative Fund Regular Growth
HSBC Managed Solutions India Conservative Fund Regular IDCW
HSBC Managed Solutions India Conservative Fund Direct Growth
HSBC Managed Solutions India Conservative Fund Direct IDCW
HSBC Managed Solutions India Growth Fund Regular IDCW
HSBC Managed Solutions India Growth Fund Direct Growth
HSBC Managed Solutions India Growth Fund Direct IDCW
HSBC Focused Fund Regular Growth
HSBC Focused Fund Regular IDCW
HSBC Focused Fund Direct Growth
HSBC Focused Fund Direct IDCW
HSBC Infrastructure Fund Growth
HSBC Infrastructure Fund IDCW
HSBC Infrastructure Fund Direct IDCW
HSBC Infrastructure Fund Direct Growth
HSBC ELSS Fund Growth
HSBC ELSS Fund IDCW
HSBC ELSS Fund Direct Growth
HSBC ELSS Fund Direct IDCW
HSBC Business Cycles Fund Direct Growth
HSBC Business Cycles Fund Regular IDCW
HSBC Business Cycles Fund Regular Growth
HSBC Business Cycles Fund Direct IDCW
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
Canara Robeco Equity Tax Saver Regular IDCW
HSBC Conservative Hybrid Fund IDCW Monthly
HSBC Conservative Hybrid Fund IDCW Quarterly
HSBC Conservative Hybrid Fund Growth
Canara Robeco Infrastructure Fund Regular IDCW
Canara Robeco Infrastructure Fund Regular Growth
HSBC Tax Saver Equity Fund IDCW
HSBC Tax Saver Equity Fund Growth
Canara Robeco Equity Hybrid Fund Regular Growth
Canara Robeco Equity Hybrid Fund Regular IDCW Monthly
Canara Robeco Equity Tax Saver Regular Growth
Canara Robeco Consumer Trends Fund Regular Growth
Canara Robeco Consumer Trends Fund Regular IDCW
L&T Conservative Hybrid Fund Growth
L&T Conservative Hybrid Fund IDCW Monthly
L&T Conservative Hybrid Fund IDCW Quarterly
HSBC Infrastructure Fund Growth
HSBC Infrastructure Fund IDCW
HSBC Equity Savings Fund IDCW Monthly
HSBC Equity Savings Fund IDCW Quarterly
HSBC Equity Savings Fund Growth
HSBC ELSS Fund Growth
HSBC ELSS Fund IDCW
L&T Large and Midcap Fund Growth
L&T Large and Midcap Fund IDCW
L&T India Large Cap Fund Growth
L&T India Large Cap Fund IDCW
HSBC Aggressive Hybrid Fund Growth
HSBC Aggressive Hybrid Fund IDCW
HSBC Balanced Advantage Fund IDCW
HSBC Balanced Advantage Fund Growth
Canara Robeco Infrastructure Direct Growth
Canara Robeco Infrastructure Direct IDCW
Canara Robeco Equity Hybrid Fund Direct IDCW Monthly
Canara Robeco Equity Hybrid Fund Direct Growth
Canara Robeco Consumer Trends Fund Direct Growth
Canara Robeco Consumer Trends Fund Direct IDCW
Canara Robeco Equity Tax Saver Direct Growth
Canara Robeco Equity Tax Saver Direct IDCW
HSBC Balanced Advantage Fund Direct IDCW
HSBC Balanced Advantage Fund Direct Growth
L&T India Large Cap Fund Direct Growth
L&T India Large Cap Fund Direct IDCW
HSBC Aggressive Hybrid Fund Direct Growth
HSBC Aggressive Hybrid Fund Direct IDCW
L&T Large and Midcap Fund Direct Growth
L&T Large and Midcap Fund Direct IDCW
HSBC Infrastructure Fund Direct IDCW
HSBC Infrastructure Fund Direct Growth
HSBC ELSS Fund Direct Growth
HSBC ELSS Fund Direct IDCW
HSBC Equity Savings Fund Direct IDCW Quarterly
HSBC Equity Savings Fund Direct Growth
HSBC Equity Savings Fund Direct IDCW Monthly
L&T Conservative Hybrid Fund Direct Growth
L&T Conservative Hybrid Fund Direct IDCW Monthly
L&T Conservative Hybrid Fund Direct IDCW Quarterly
HSBC Conservative Hybrid Fund Direct Growth
HSBC Conservative Hybrid Fund Direct IDCW Monthly
HSBC Conservative Hybrid Fund Direct IDCW Quarterly
HSBC Tax Saver Equity Fund Direct IDCW
HSBC Tax Saver Equity Fund Direct Growth
HSBC Business Cycles Fund Direct Growth
HSBC Business Cycles Fund Regular IDCW
HSBC Business Cycles Fund Regular Growth
HSBC Business Cycles Fund Direct IDCW
HSBC Aggressive Hybrid Fund IDCW Yearly
HSBC Aggressive Hybrid Fund Direct IDCW Yearly
Canara Robeco Capital Protection Oriented Fund Series 6 Direct IDCW
Canara Robeco Capital Protection Oriented Fund Series 6 Regular Growth
Canara Robeco Dual Advantage Fund Series 1 Regular Growth
Canara Robeco Dual Advantage Fund Series 1 Regular IDCW
Canara Robeco Small Cap Fund Regular Growth
Canara Robeco Small Cap Fund Regular IDCW
Canara Robeco Small Cap Fund Direct Growth
Canara Robeco Small Cap Fund Direct IDCW
HSBC Large and Mid Cap Fund Regular IDCW
HSBC Large and Mid Cap Fund Direct IDCW
HSBC Large and Mid Cap Fund Regular Growth
HSBC Large and Mid Cap Fund Direct Growth
HSBC Focused Fund Regular Growth
HSBC Focused Fund Regular IDCW
HSBC Focused Fund Direct Growth
HSBC Focused Fund Direct IDCW
HSBC Midcap Fund IDCW
HSBC Midcap Fund Growth
HSBC Midcap Fund Direct IDCW
HSBC Midcap Fund Direct Growth
Fund house & investment objective
HSBC Mutual Fund
Rank (total assets)#21 in India
Total AUM₹86,993.02Cr
Date of Incorporation27 May 2002
 HSBC ELSS Fund Direct IDCW 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 IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹86,993 Cr and the Latest NAV as of 07 Jun 2023 is ₹32.69.
The HSBC ELSS Fund Direct IDCW is rated Very High risk.
;
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,Western Express Highway, Goregaon East, Mumbai 400063
Phone
NA
Launch Date
27 May 2002
E-mail
NA
Website
www.assetmanagement.hsbc.co.in
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 IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	20.4%	23.7%	10.0%	13.9%
Category average	17.3%	24.6%	11.9%	NA
Rank with in category	9	25	29	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	9.4%
ICICI Bank Ltd.	Financial	Equity	6.0%
Reliance Industries Ltd.	Energy	Equity	5.6%
Larsen & Toubro Ltd.	Construction	Equity	4.4%
The Indian Hotels Company Ltd.	Services	Equity	4.0%
Ultratech Cement Ltd.	Construction	Equity	3.4%
Hindustan Unilever Ltd.	Consumer Staples	Equity	3.4%
KPIT Technologies Ltd.	Technology	Equity	3.2%
Cholamandalam Investment and Finance Company Ltd.	Financial	Equity	3.2%
Persistent Systems Ltd.	Technology	Equity	3.1%

Rank (total assets)	#21 in India
Total AUM	₹86,993.02Cr

Date of Incorporation	27 May 2002

Fund benchmark	NIFTY 500 Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	2
Fund size	₹3,053.84Cr

HSBC ELSS Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (48)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.14%

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