How to Invest in HSBC Tax Saver Equity Fund Direct IDCW?

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

What kind of returns does HSBC Tax Saver Equity Fund Direct IDCW provide?

The HSBC Tax Saver Equity Fund Direct IDCW has been there from 01 Jan 2013 and the average annual returns provided by this fund is -3.21% since its inception.

How much expense ratio is charged by HSBC Tax Saver Equity Fund Direct IDCW?

The term Expense Ratio used for HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct IDCW is 1.30% as of 26 Mar 2023...

What is the AUM of HSBC Tax Saver Equity Fund Direct IDCW?

The AUM, short for Assets Under Management of HSBC Tax Saver Equity Fund Direct IDCW is ₹175.89Cr as of 26 Mar 2023.

How to Redeem HSBC Tax Saver Equity Fund Direct IDCW?

If you want to sell your HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct IDCW?

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

What is the NAV of HSBC Tax Saver Equity Fund Direct IDCW?

The NAV of HSBC Tax Saver Equity Fund Direct IDCW is ₹24.81 as of 24 Mar 2023.

What is the PE and PB ratio of HSBC Tax Saver Equity Fund Direct IDCW?

The PE ratio ratio of HSBC Tax Saver Equity 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 Tax Saver Equity Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

HSBC Tax Saver Equity Fund Direct IDCW
Equity
ELSS
Very High Risk
3Y Lock In
29.12%
3Y annualised
-0.80% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 24 Mar 2023₹24.81
Min. SIP amountNot Supported
Rating2
Fund size₹175.89Cr
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-3.2%29.1%9.1%12.6%
Category average-0.4%29.8%10.3%NA
Rank with in category212127NA
Understand terms
Holdings (40)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity9.7%
ICICI Bank Ltd.FinancialEquity9.5%
Infosys Ltd.TechnologyEquity8.1%
Axis Bank Ltd.FinancialEquity5.1%
State Bank of IndiaFinancialEquity4.6%
Reliance Industries Ltd.EnergyEquity4.2%
Larsen & Toubro Ltd.ConstructionEquity4.0%
Sun Pharmaceutical Industries Ltd.HealthcareEquity3.3%
Hindustan Unilever Ltd.Consumer StaplesEquity2.6%
Tata Consultancy Services Ltd.TechnologyEquity2.6%
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
Lower AUM: 194Cr.
Funds with lower AUM tend to have higher expense ratio
Lower expense ratio: 1.28%
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lock-in period: 3Y
Low rating: 2
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
28 Feb 2023 - Present
1.30%
31 Jan 2023 - 28 Feb 2023
1.30%
31 Dec 2022 - 31 Jan 2023
1.30%
31 Dec 2022 - 31 Dec 2022
1.30%
30 Nov 2022 - 31 Dec 2022
1.30%
30 Nov 2022 - 30 Nov 2022
1.30%
31 Oct 2022 - 30 Nov 2022
1.28%
31 Oct 2022 - 31 Oct 2022
1.28%
31 Oct 2022 - 31 Oct 2022
1.28%
30 Sep 2022 - 31 Oct 2022
1.28%
30 Sep 2022 - 30 Sep 2022
1.28%
30 Sep 2022 - 30 Sep 2022
1.28%
31 Aug 2022 - 30 Sep 2022
1.28%
31 Aug 2022 - 31 Aug 2022
1.28%
31 Jul 2022 - 31 Aug 2022
1.28%
31 Jul 2022 - 31 Jul 2022
1.28%
30 Jun 2022 - 31 Jul 2022
1.28%
30 Jun 2022 - 30 Jun 2022
1.28%
31 May 2022 - 30 Jun 2022
1.28%
31 May 2022 - 31 May 2022
1.28%
30 Apr 2022 - 31 May 2022
1.28%
30 Apr 2022 - 30 Apr 2022
1.28%
31 Mar 2022 - 30 Apr 2022
1.27%
31 Mar 2022 - 31 Mar 2022
1.27%
28 Feb 2022 - 31 Mar 2022
1.27%
28 Feb 2022 - 28 Feb 2022
1.27%
31 Jan 2022 - 28 Feb 2022
1.27%
31 Dec 2021 - 31 Jan 2022
1.27%
30 Nov 2021 - 31 Dec 2021
1.26%
31 Oct 2021 - 30 Nov 2021
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: 1.30%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
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.
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Cheenu Gupta
Nov 2022 - 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 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 ₹13,221 Cr and the Latest NAV as of 24 Mar 2023 is ₹24.81.
The HSBC Tax Saver Equity Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹500.
;
Investment ObjectiveThe 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.
;
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
Standard Chartered Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
HSBC Tax Saver Equity Fund Direct IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	-3.2%	29.1%	9.1%	12.6%
Category average	-0.4%	29.8%	10.3%	NA
Rank with in category	21	21	27	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	9.7%
ICICI Bank Ltd.	Financial	Equity	9.5%
Infosys Ltd.	Technology	Equity	8.1%
Axis Bank Ltd.	Financial	Equity	5.1%
State Bank of India	Financial	Equity	4.6%
Reliance Industries Ltd.	Energy	Equity	4.2%
Larsen & Toubro Ltd.	Construction	Equity	4.0%
Sun Pharmaceutical Industries Ltd.	Healthcare	Equity	3.3%
Hindustan Unilever Ltd.	Consumer Staples	Equity	2.6%
Tata Consultancy Services Ltd.	Technology	Equity	2.6%

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	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	2
Fund size	₹175.89Cr

HSBC Tax Saver Equity Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (40)

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: 1.30%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Gautam BhupalJul 2019 - PresentView details

Cheenu GuptaNov 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Gautam Bhupal
Jul 2019 - Present
View details

Cheenu Gupta
Nov 2022 - Present
View details