Name: HSBC Tax Saver Equity Fund Direct IDCW
Brand: HSBC Mutual Fund

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HSBC Tax Saver Equity Fund Direct IDCW
Equity
ELSS
Very High Risk
3Y Lock In
18.04%
3Y annualised
+0.92% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 01 Dec 2021₹29.05
Min. SIP amount₹500
Rating2
Fund size₹202.60Cr
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 returns38.6%18.0%15.6%15.1%
Category average54.9%14.2%14.3%NA
Rank with in category232220NA
Understand terms
Holdings (43)NameSectorInstrumentAssets
ICICI Bank Ltd.
FinancialEquity9.3%
Infosys Ltd.
TechnologyEquity8.8%
HDFC Bank Ltd.
FinancialEquity7.8%
Bajaj Finance Ltd.
FinancialEquity5.5%
Reliance Industries Ltd.
EnergyEquity4.7%
Larsen & Toubro Ltd.
ConstructionEquity3.9%
Tata Consultancy Services Ltd.
TechnologyEquity3.4%
Axis Bank Ltd.
FinancialEquity3.3%
Tata Motors Ltd.
AutomobileEquity3.1%
State Bank of India
FinancialEquity3.0%
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
3Y and 5Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 1.26%
Cons
Lower AUM: 202Cr.
Funds with lower AUM tend to have higher expense ratio
Lock-in period: 3Y
Low rating: 2
1Y annualised returns lower than category average by 7.68%
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
Exit load
31 Oct 2021 - Present
1.25%
30 Sep 2021 - 31 Oct 2021
1.26%
31 Aug 2021 - 30 Sep 2021
1.26%
31 Jul 2021 - 31 Aug 2021
1.26%
30 Jun 2021 - 31 Jul 2021
1.26%
31 May 2021 - 30 Jun 2021
1.26%
30 Apr 2021 - 31 May 2021
1.26%
31 Mar 2021 - 30 Apr 2021
1.26%
28 Feb 2021 - 31 Mar 2021
1.26%
31 Jan 2021 - 28 Feb 2021
1.26%
31 Dec 2020 - 31 Jan 2021
1.26%
30 Nov 2020 - 31 Dec 2020
1.26%
31 Oct 2020 - 30 Nov 2020
1.26%
30 Sep 2020 - 31 Oct 2020
1.26%
31 Aug 2020 - 30 Sep 2020
1.25%
31 Jul 2020 - 31 Aug 2020
1.26%
30 Jun 2020 - 31 Jul 2020
1.26%
31 May 2020 - 30 Jun 2020
1.26%
30 Apr 2020 - 31 May 2020
1.26%
31 Mar 2020 - 30 Apr 2020
1.25%
29 Feb 2020 - 31 Mar 2020
1.25%
31 Jan 2020 - 29 Feb 2020
1.24%
31 Dec 2019 - 31 Jan 2020
1.24%
30 Nov 2019 - 31 Dec 2019
1.24%
31 Oct 2019 - 30 Nov 2019
1.24%
30 Sep 2019 - 31 Oct 2019
1.24%
31 Aug 2019 - 30 Sep 2019
1.24%
31 Jul 2019 - 31 Aug 2019
1.24%
30 Jun 2019 - 31 Jul 2019
1.24%
31 May 2019 - 30 Jun 2019
1.43%
30 Apr 2019 - 31 May 2019
1.43%
31 Mar 2019 - 30 Apr 2019
1.70%
28 Feb 2019 - 31 Mar 2019
2.01%
31 Jan 2019 - 28 Feb 2019
2.00%
31 Dec 2018 - 31 Jan 2019
1.96%
30 Nov 2018 - 31 Dec 2018
1.96%
31 Oct 2018 - 30 Nov 2018
1.97%
30 Sep 2018 - 31 Oct 2018
1.96%
31 Aug 2018 - 30 Sep 2018
1.69%
31 Jul 2018 - 31 Aug 2018
1.69%
30 Jun 2018 - 31 Jul 2018
1.97%
31 May 2018 - 30 Jun 2018
1.69%
30 Apr 2018 - 31 May 2018
1.69%
31 Mar 2018 - 30 Apr 2018
1.69%
28 Feb 2018 - 31 Mar 2018
1.71%
31 Jan 2018 - 28 Feb 2018
1.87%
31 Dec 2017 - 31 Jan 2018
1.87%
30 Nov 2017 - 31 Dec 2017
1.88%
31 Oct 2017 - 30 Nov 2017
1.88%
Expense ratio, exit load and taxExpense ratio: 1.25%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationUpto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementAditya Khemani
Jan 2013 - Present
View details
Education
Mr. Khemani has done B.Com (Hons) and PGDM from IIM, Lucknow.
Experience
Prior to joining Motilal Oswal Asset Management Company Ltd., He was associated with HSBC AMC, SBI Mutual Fund, ICICI Prudential AMC and Morgan Stanley Advantage Services.
Also manages these schemes
HSBC Regular Savings Fund IDCW Monthly
HSBC Regular Savings Fund IDCW Quarterly
HSBC Regular Savings Fund Growth
HSBC Tax Saver Equity Fund IDCW
HSBC Tax Saver Equity Fund Growth
HSBC Regular Savings Fund Direct Growth
HSBC Tax Saver Equity Fund Direct IDCW
HSBC Tax Saver Equity Fund Direct Growth
Motilal Oswal Long Term Equity Fund Regular IDCW
Motilal Oswal Long Term Equity Fund Direct IDCW
Motilal Oswal Long Term Equity Fund Regular Growth
Motilal Oswal Long Term Equity Fund Direct Growth
Motilal Oswal Large and Midcap Fund Regular Growth
Motilal Oswal Large and Midcap Fund Regular IDCW
Motilal Oswal Large and Midcap Fund Direct Growth
Motilal Oswal Large and Midcap Fund Direct IDCW
Gautam Bhupal
Jul 2019 - 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 Regular Savings Fund IDCW Monthly
HSBC Regular Savings Fund IDCW Quarterly
HSBC Regular Savings 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 Infrastructure Equity Fund Direct IDCW
HSBC Infrastructure Equity Fund Direct Growth
HSBC Regular Savings Fund Direct Growth
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 Conservative Fund Regular Growth
HSBC Managed Solutions India Conservative Fund Regular IDCW
HSBC Managed Solutions India Conservative Fund Direct Growth
HSBC Managed Solutions India Growth Fund Regular IDCW
HSBC Managed Solutions India Growth Fund Direct Growth
HSBC Focused Equity Fund Regular Growth
HSBC Focused Equity Fund Regular IDCW
HSBC Focused Equity Fund Direct Growth
HSBC Focused Equity Fund Direct IDCW
Fund house & investment objective
HSBC Mutual Fund
Rank (total assets)#21 in India
Total AUM₹9,939.92Cr
Date of Incorporation27 May 2002
HSBC Tax Saver Equity Fund Direct IDCW is a Equity Mutual Fund Scheme launched by HSBC Mutual Fund. This scheme was made available to investors on 27 
HSBC Tax Saver Equity 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. Aditya Khemani is the Current Fund Manager of HSBC Tax Saver Equity Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹9,940 Cr and the Latest NAV as of 01 Dec 2021 is ₹29.05.
The HSBC Tax Saver Equity Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500. ...Read more
Investment Objective
The scheme aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of companies 
The scheme aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of companies across various sectors and industries, with no capitalisation bias.
...Read more
Fund benchmarkS&P BSE 200 TRI
Scheme Information Document(SID)
Fund house contact details
Address
16, V N Road, Fort, Mumbai 400 001
Phone
022-	66145000
Launch Date
27 May 2002
E-mail
[email protected]
Website
NA
HSBC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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HSBC Tax Saver Equity Fund Direct IDCW
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	1Y	3Y	5Y	All
Fund returns	38.6%	18.0%	15.6%	15.1%
Category average	54.9%	14.2%	14.3%	NA
Rank with in category	23	22	20	NA

Name	Sector	Instrument	Assets
ICICI Bank Ltd.	Financial	Equity	9.3%
Infosys Ltd.	Technology	Equity	8.8%
HDFC Bank Ltd.	Financial	Equity	7.8%
Bajaj Finance Ltd.	Financial	Equity	5.5%
Reliance Industries Ltd.	Energy	Equity	4.7%
Larsen & Toubro Ltd.	Construction	Equity	3.9%
Tata Consultancy Services Ltd.	Technology	Equity	3.4%
Axis Bank Ltd.	Financial	Equity	3.3%
Tata Motors Ltd.	Automobile	Equity	3.1%
State Bank of India	Financial	Equity	3.0%

Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	2
Fund size	₹202.60Cr