HSBC ELSS Tax Saver Fund - Direct (IDCW)

ELSS

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NAV
40.58(0.26%)
Fund Size (CR)
₹3,961.5
Expense Ratio
1.17
Scheme Type
Active Fund
Value Research
-

Min. investment
₹500
Minimum Additional Investment
₹0
Minimum SIP Investment
₹500
Minimum Withdrawal
₹500
Exit Load
0%
Return Since Launch
14.88%

Absolute Return: -4.15%

Annualized Return: 0%

Basic Details

Scheme Manager

Abhishek Gupta

Bench Mark

Nifty 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	10 February 2026	9919.11	-0.81%	-	-1.08%	105/217
1 Month	16 January 2026	10185.13	1.85%	-	0.00%	12/217
3 Month	17 November 2025	9859.00	-1.41%	-	-2.34%	87/217
6 Month	14 August 2025	10415.61	4.16%	-	2.31%	60/217
1 Year	17 February 2025	11757.86	17.58%	17.58%	13.60%	36/217
3 Year	17 February 2023	17587.03	75.87%	20.69%	17.67%	28/209
5 Year	17 February 2021	21127.08	111.27%	16.13%	15.85%	79/203
Since Inception	2 January 2013	61865.29	518.65%	14.88%	14.82%	109/217

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	3 March 2025	1,20,000	348121.89	190.10%	190.10%
3 Year	1 March 2023	3,60,000	1091810.90	203.28%	44.75%
5 Year	1 March 2021	6,00,000	1948897.72	224.82%	26.57%
10 Year	1 March 2016	12,00,000	4640488.22	286.71%	14.48%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

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Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

4.01%

Standard Deviation

1.00%

Beta

1.03%

Sharpe Ratio

0.02%

Treynor's Ratio

3.61%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	5.20%	2218000	206.11	Equity	Banks
ICICI Bank	3.95%	1155500	156.57	Equity	Banks
Reliance Industr	3.35%	951812	132.82	Equity	Refineries
Infosys	2.97%	716527	117.58	Equity	IT - Software
Shriram Finance	2.69%	1046200	106.71	Equity	Finance
Larsen & Toubro	2.68%	269900	106.13	Equity	Infrastructure Developers & Operators
SBI	2.33%	855600	92.16	Equity	Banks
Bharti Airtel	2.32%	467000	91.94	Equity	Telecom-Service
Eternal	2.18%	3150000	86.18	Equity	E-Commerce/App based Aggregator
Persistent Syste	2.03%	133000	80.27	Equity	IT - Software

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HSBC ELSS Tax Saver Fund - Direct (IDCW)	3961.50	1.85%	-1.41%	4.16%	17.58%	20.69%
SBI Long Term Advantage Fund - Series V -Dir (G)	368.70	-0.88%	-2.71%	0.13%	20.85%	23.73%
SBI Long Term Advantage Fund-Series V -Dir (IDCW)	368.70	-0.88%	-2.71%	0.13%	20.85%	23.73%
Mirae Asset ELSS Tax Saver Fund - Direct (G)	26111.95	0.51%	-0.99%	5.66%	19.06%	18.93%
Mirae Asset ELSS Tax Saver Fund - Direct (IDCW)	26111.95	0.50%	-0.99%	5.66%	19.05%	18.90%
Sundaram LT Tax Advantage Fund-Sr.IV-Dir (IDCW)	21.50	-1.13%	-3.28%	2.70%	18.90%	20.84%

List of Schemes under HSBC Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
HSBC Dynamic Bond Fund	Debt	Moderate	5.56%	3	₹149.25
HSBC Money Market Fund	Debt	Moderately Low	7.26%	3	₹5,437.40
HSBC Gilt Fund	Debt	Moderate	3.64%	3	₹225.76
HSBC Balanced Advantage Fund	Hybrid	Moderately High	9.84%	3	₹1,542.11
HSBC Aggressive Hybrid Fund	Hybrid	Very High	18.54%	2	₹5,429.61
HSBC Value Fund	Equity	Very High	20.74%	4	₹14,552.40
HSBC Infrastructure Fund	Equity	Very High	18.11%	3	₹2,198.29
HSBC Banking and PSU Debt Fund	Debt	Moderate	7.64%	3	₹4,338.06
HSBC Midcap Fund	Equity	Very High	25.27%	3	₹12,175.46
HSBC Low Duration Fund	Debt	Moderately Low	8.9%	4	₹996.69
HSBC Short Duration Fund	Debt	Moderately Low	7.73%	2	₹4,311.00
HSBC ELSS Tax Saver Fund	Equity	Very High	17.58%	3	₹3,961.50
HSBC Corporate Bond Fund	Debt	Moderate	7.99%	1	₹6,202.65
HSBC Credit Risk Fund	Debt	Moderately High	20.92%	3	₹511.38
HSBC Equity Saving Fund	Hybrid	Moderate	13.58%	3	₹751.77
HSBC Global Emerging Markets Fund	Other	Very High	51.26%	0	₹373.57
HSBC Brazil Fund	Other	Very High	59.91%	0	₹384.83
HSBC Liquid Fund	Debt	Moderately Low	6.44%	4	₹15,974.60
HSBC Large Cap Fund	Equity	Very High	15.41%	3	₹1,885.26
HSBC Flexi Cap Fund	Equity	Very High	16.84%	4	₹5,317.76
HSBC Tax Saver Equity Fund	Equity	Very High	1.64%	0	₹243.60
HSBC Medium to Long Duration Fund	Debt	Moderate	5.63%	3	₹46.84
HSBC Conservative Hybrid Fund	Hybrid	Moderately High	8.62%	3	₹138.11
HSBC Asia Pacific (Ex Japan) DYF	Other	Very High	48.7%	0	₹66.67
HSBC Aggressive Hybrid Active FOF	Hybrid	Very High	12.85%	3	₹43.96
HSBC Multi Asset Active FOF	Other	Very High	25.09%	2	₹86.28
HSBC Income Plus Arbitrage Active FOF	Other	Moderately Low	6.46%	0	₹596.72
HSBC Small Cap Fund	Equity	Very High	9.82%	3	₹15,028.86
HSBC Arbitrage Fund	Hybrid	Low	6.86%	3	₹2,419.29
HSBC Business Cycles Fund	Equity	Very High	15.45%	0	₹1,089.59
HSBC Medium Duration Fund	Debt	Moderate	8.05%	4	₹773.57
HSBC Large and Mid Cap Fund	Equity	Very High	20.59%	3	₹4,602.66
HSBC Overnight Fund	Debt	Low	5.63%	4	₹4,019.92
HSBC Ultra Short Duration Fund	Debt	Moderately Low	6.98%	3	₹3,044.70
HSBC Nifty 50 Index Fund	Other	Very High	13.01%	3	₹388.37
HSBC Nifty Next 50 Index Fund	Other	Very High	17.84%	1	₹140.92
HSBC Focused Fund	Equity	Very High	18.63%	2	₹1,667.47
HSBC Global Equity Climate Change FoF	Other	Very High	16.88%	0	₹53.35
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	Other	Moderate	7.91%	0	₹1,963.81
HSBC Multi Cap Fund	Equity	Very High	17.6%	0	₹5,176.73
HSBC CRISIL IBX Gilt June 2027 Index Fund	Other	Moderate	7.7%	0	₹189.70
HSBC Consumption Fund	Equity	Very High	12.55%	0	₹1,676.57
HSBC Multi Asset Allocation Fund	Hybrid	Very High	31.57%	0	₹2,693.31
HSBC India Export Opportunities Fund	Equity	Very High	13.16%	0	₹1,297.02
HSBC Financial Services Fund	Equity	Very High	0%	0	₹839.63

News

HSBC Global Equity Climate Change Fund of Fund Merger into HSBC Global Emerging Markets Fund
HSBC Mutual Fund has approved the merger of HSBC Global Equity Climate Change Fund of Fund Merger into HSBC Global Emerging Markets Fund, with effect from 25 March 2026.
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HSBC Mutual Fund announces change in Exit Load Structure

HSBC Mutual Fund has announced change in exit load structure under following schemes stands revised with effect from January 30, 2026

Change in Exit Load:

Name of the Scheme	Existing Exit Load	Revised Exit Load
HSBC Consumption Fund, HSBC Financial Services Fund, HSBC Infrastructure Fund	i. If the units redeemed or switched out are upto 10% of the units purchased or switched in ('the limit') within 1 year from the date of allotment ' Nil ii. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment ' 1% iii. If units are redeemed or switched out on or after 1 year from the date of allotment ' Nil. ' Withdrawal under SWP may also attract an Exit Load like any Redemption. ' No Exit load will be chargeable in case of switches made between different plans and options within the Scheme. ' No Exit load will be chargeable in case of Units allotted on account of IDCW reinvestments, if any. ' Exit load is not applicable for Segregated Portfolio.	i. If the units redeemed or switched out are upto 10% of the units purchased or switched in ('the limit') within 90 days from the date of allotment ' Nil ii. If units redeemed or switched out are over and above the limit within 90 days from the date of allotment ' 1% iii. If units are redeemed or switched out on or after 90 days from the date of allotment ' Nil. ' Withdrawal under SWP may also attract an Exit Load like any Redemption. ' No Exit load will be chargeable in case of switches made between different plans and options within the Scheme. ' No Exit load will be chargeable in case of Units allotted on account of IDCW reinvestments, if any. ' Exit load is not applicable for Segregated Portfolio.

Name of the Scheme

Existing Exit Load

Revised Exit Load

HSBC Consumption Fund, HSBC Financial Services Fund, HSBC Infrastructure Fund

i. If the units redeemed or switched out are upto 10% of the units purchased or switched in ('the limit') within 1 year from the date of allotment ' Nil

ii. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment ' 1%

iii. If units are redeemed or switched out on or after 1 year from the date of allotment ' Nil.

' Withdrawal under SWP may also attract an Exit Load like any Redemption.

' No Exit load will be chargeable in case of switches made between different plans and options within the Scheme.

' No Exit load will be chargeable in case of Units allotted on account of IDCW reinvestments, if any.

' Exit load is not applicable for Segregated Portfolio.

i. If the units redeemed or switched out are upto 10% of the units purchased or switched in ('the limit') within 90 days from the date of allotment ' Nil

ii. If units redeemed or switched out are over and above the limit within 90 days from the date of allotment ' 1%

iii. If units are redeemed or switched out on or after 90 days from the date of allotment ' Nil.

' Withdrawal under SWP may also attract an Exit Load like any Redemption.

' No Exit load will be chargeable in case of switches made between different plans and options within the Scheme.

' No Exit load will be chargeable in case of Units allotted on account of IDCW reinvestments, if any.

' Exit load is not applicable for Segregated Portfolio.

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HSBC Mutual Fund announces change in fund manager under its schemes

HSBC Mutual Fund has announced change in fund manager under the following schemes, With effect from 01 January 2026.

Change in Fund Manager:

Scheme Name	Existing Fund Manager(s)	Revised Fund Manager(s)
HSBC Overnight Fund	' Mr. Abhishek Iyer and ' Mr. Mahesh Chhabria	' Mr. Abhishek Iyer and ' Mr. Rahul Totla
HSBC Liquid Fund	' Mr. Abhishek Iyer and ' Mr. Mahesh Chhabria	' Mr. Abhishek Iyer and ' Mr. Rahul Totla
HSBC Ultra Short Duration Fund	' Mr. Mahesh Chhabria and ' Mr. Abhishek Iyer	' Mr. Mahesh Chhabria and ' Mr. Rahul Totla

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Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹3961.50

HSBC ELSS Tax Saver Fund - Direct (IDCW) is an ELSS-oriented fund from the renowned AMC, HSBC Mutual Fund. Launched in 1 January 2013, this fund is managed by Abhishek Gupta. With assets under management (AUM) worth ₹3,961.5 (Cr), as of 18 February 2026, HSBC ELSS Tax Saver Fund - Direct (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 14.88% since its launch.
The current NAV of HSBC ELSS Tax Saver Fund - Direct (IDCW) is ₹40.58, as on 18 February 2026. The fund's benchmark index is Nifty 500 TRI. You can invest in HSBC ELSS Tax Saver Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 20.69% and 16.13% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 99.24% in Equity, 0.95% in Debt and -0.19% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 16.45% in Banks, 9.55% in IT-Software, 8.11% in Electrical Equipments, 6.76% in Finance, 5.95% in Consumer Durables