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FAQ : HSBC ELSS Tax saver Fund - Regular Plan - Growth

HSBC ELSS Tax saver Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) N/A 15.45 12.28 11.07
Average Rolling Returns(%) 17.08 14.36 14.39 13.83

The Current NAV of HSBC ELSS Tax saver Fund - Regular Plan - Growth is ₹130.50.

You should look for a fund with better more consistent performance track record. Funds returns are more likely to be different than its benchmark NIFTY 500 returns, as Funds portfolio is significantly different.

HSBC ELSS Tax saver Fund - Regular Plan - Growth fund’s expense ratio is 1.92%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of HSBC ELSS Tax saver Fund - Regular Plan - Growth is currently ₹3,561 Crores.

The Top three stocks are ICICI Bank, HDFC Bank and Reliance Industries and account for 11% of its portfolio. Top 5 and 10 stocks of fund account for 17% and 28% of fund’s portfolio respectively.

Top three sectors of HSBC ELSS Tax saver Fund - Regular Plan - Growth fund are BFSI, Capital Goods and Construction & Infrastructure accounting for 46% of the total portfolio.

Since this is a Equity - ELSS it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of HSBC ELSS Tax saver Fund - Regular Plan - Growth Fund is Equity - ELSS.

Abhishek Gupta manages the HSBC ELSS Tax saver Fund - Regular Plan - Growth Fund.

HSBC ELSS Tax saver Fund - Regular Plan - Growth current PE ratio is 37.26 and PB ratio is 6.28

The asset allocation of HSBC ELSS Tax saver Fund - Regular Plan - Growth is Stocks : 97.88%, Debt : 2.12% and Gold : 0%

The minimum SIP amount for HSBC ELSS Tax saver Fund - Regular Plan - Growth is ₹500.00 and minimum lumpsum is ₹500.00

The exit load for HSBC ELSS Tax saver Fund - Regular Plan - Growth is Nil

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