HSBC Equity Savings Fund Direct Growth

Hybrid
Equity Savings
Moderate Risk
9.92%
3Y annualised
+0.07% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 02 Feb 2023₹25.43
Min. SIP amount₹500
Rating2
Fund size₹169.52Cr

Return calculator

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

Returns and rankings

Category: Hybrid Equity Savings
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns2.3%9.9%7.3%8.6%
Category average1.6%7.8%6.4%NA
Rank with in category14711NA
Understand terms

Holdings (53)

NameSectorInstrumentAssets
GOISovereignGOI Sec11.8%
GOI
SovereignGOI Sec11.3%
United Spirits Ltd.Consumer StaplesEquity6.0%
Bank Of Baroda
FinancialCD5.5%
Ambuja Cements Ltd.ConstructionEquity4.8%
Bajaj Finance Ltd.FinancialEquity4.0%
National Aluminium Company Ltd.Metals & MiningEquity3.4%
State Bank of IndiaFinancialEquity3.1%
Multi Commodity Exchange Of India Ltd.ServicesEquity2.8%
The Indian Hotels Company Ltd.ServicesEquity2.5%
See All

Pros and cons

Category: Hybrid Equity Savings

Pros

Cons

Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Low rating: 2
Lower expense ratio: 0.69%

Expense ratio, exit load and tax

Expense ratio: 0.69%

Inclusive of GST

Exit load

For units in excess of 0.50% of the investment,1% will be charged for redemption within 1 month.

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₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Ritesh Jain
Nov 2022 - Present
View details

Education
Ritesh holds a PGDBA from K.J. Somaiya Institute of Management Studies & Research, Mumbai and B.Com (Hons.) from University of Calcutta.
Experience
Prior to joining HSBC Mutual Fund, he has worked with PGIM India AMC, he was the Head - Fixed Income with Morgan Stanley Investment Management Pvt. Ltd. ( March 2009 - June 2014 ). He has also been the Head - Fixed Income with Principal PNB AMC ( April 2001 - February 2009).
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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