HSBC ELSS Tax saver Fund
- NAV as on 25 Sep 2026
- ₹140.32+0.42%1 day
- Return since launch
- 13.7%
- 52-week range
- ₹119.67 — ₹145.31
- AUM
- ₹4,229 Cr
HSBC ELSS Tax saver Fund is a ELSS equity fund from HSBC Mutual Fund with ₹4,229 Cr under management, launched in 2006. Over three years it has returned 8.5% a year, against 10.4% for its category. The expense ratio is 1.98% and the SEBI riskometer reading is Very High.
Performance
HSBC ELSS Tax saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.6% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.2% | +7.1 pts | 0.1% | -2.1% |
| 2Y | 5.8% | +5.1 pts | 0.7% | -0.3% |
| 3Y | 8.5% | −1.9 pts | 10.4% | 2.7% |
| 5Y | 13.3% | +3.6 pts | 9.7% | 8.4% |
| 7Y | 15.1% | +2.1 pts | 13.0% | 11.6% |
| 10Y | 13.5% | +1.0 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.8% | +0.6 pts | -3.5% | -3.6% |
| 3M | 1.2% | +1.8 pts | -0.6% | -1.0% |
| 6M | 14.3% | +5.0 pts | 9.2% | 8.2% |
| 1Y | 5.6% | +5.5 pts | 0.1% | -0.8% |
| 2Y | 0.0% | +3.3 pts | -3.3% | -3.9% |
| 3Y | 15.3% | +4.8 pts | 10.4% | 9.2% |
| 5Y | 11.8% | +2.0 pts | 9.7% | 8.7% |
| 7Y | 14.9% | +0.5 pts | 14.4% | 12.5% |
| 10Y | 12.7% | +0.1 pts | 12.5% | 10.9% |
Since launch (5 Jan 2006): 13.7%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 0.7% | −3.8 pts | 4.5% |
| 2024 | 32.7% | +12.4 pts | 20.3% |
| 2023 | 28.4% | −3.4 pts | 31.8% |
| 2022 | -3.0% | −6.5 pts | 3.5% |
| 2021 | 30.3% | −9.6 pts | 39.9% |
| 2020 | 13.5% | −5.2 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.00%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.63%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 4.43 | 4.73 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.70 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.84 | 0.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.40 | 18.33 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HSBC ELSS Tax saver Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.2%
- Other1.8%
Market cap split
- Large48.8%
- Mid19.0%
- Small32.1%
- P/E
- 28.74
- P/B
- 3.65
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Avalon Technologies Ltd. | Capital Goods | 4.38% | ₹185 Cr | +3.49% | +2.32% | +1.89% |
| ICICI Bank Ltd. | Financial | 3.97% | ₹168 Cr | +3.64% | +3.96% | +4.02% |
| HDFC Bank Ltd. | Financial | 3.14% | ₹133 Cr | +3.49% | +4.65% | +5.50% |
| Reliance Industries Ltd. | Energy | 2.87% | ₹122 Cr | +3.16% | +3.30% | +3.21% |
| Pearl Global Industries Ltd. | Textiles | 2.52% | ₹107 Cr | +1.80% | +1.66% | +1.33% |
| Eternal Ltd. | Services | 2.44% | ₹103 Cr | +1.98% | +1.93% | +2.46% |
| Shriram Finance Ltd | Financial | 2.40% | ₹101 Cr | +2.49% | +2.81% | +1.86% |
| Larsen & Toubro Ltd. | Construction | 2.23% | ₹94.26 Cr | +2.38% | +2.87% | +2.70% |
| GE Vernova T&D India Ltd | Capital Goods | 2.21% | ₹93.35 Cr | +2.71% | +2.01% | +1.45% |
| Karur Vysya Bank Ltd. | Financial | 2.13% | ₹90.13 Cr | +1.88% | +2.10% | +1.38% |
| Bharti Airtel Ltd. | Communication | 2.00% | ₹84.62 Cr | +2.14% | +2.18% | +2.19% |
| Thangamayil Jewellery Ltd. | Consumer Discretionary | 1.97% | ₹83.45 Cr | +1.85% | +1.72% | +0.98% |
| PNB Housing Finance Ltd. | Financial | 1.96% | ₹82.97 Cr | +1.87% | +1.48% | +0.82% |
| Infosys Ltd. | Technology | 1.92% | ₹81.24 Cr | +2.09% | +2.32% | +2.83% |
| State Bank of India | Financial | 1.90% | ₹80.27 Cr | +2.07% | +2.56% | +1.71% |
| TVS Motor Company Ltd. | Automobile | 1.87% | ₹79.23 Cr | +1.54% | +1.76% | +1.49% |
| Axis Bank Ltd. | Financial | 1.83% | ₹77.58 Cr | +1.93% | +1.71% | +1.29% |
| Jindal Steel Ltd. | Metals & Mining | 1.82% | ₹77.16 Cr | +1.96% | +2.00% | +1.52% |
| Others | Others | 1.80% | ₹74.64 Cr | +0.34% | -0.36% | +0.76% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.72% | ₹72.90 Cr | +1.72% | +0.95% | +0.89% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.62% | ₹68.47 Cr | +1.28% | +1.16% | +1.32% |
| Schaeffler India Ltd. | Capital Goods | 1.59% | ₹67.33 Cr | +1.74% | +1.65% | +1.47% |
| Craftsman Automation Ltd. | Automobile | 1.52% | ₹64.31 Cr | +1.01% | +0.83% | +0.76% |
| Max Healthcare Institute Ltd. | Healthcare | 1.52% | ₹64.10 Cr | +1.49% | +1.67% | +1.77% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.49% | ₹63.03 Cr | +1.43% | +1.37% | +1.26% |
| Jindal Saw Ltd. | Metals & Mining | 1.38% | ₹58.47 Cr | +1.17% | +0.87% | +0.93% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.32% | ₹55.85 Cr | +1.16% | +1.29% | +1.31% |
| Engineers India Ltd. | Construction | 1.32% | ₹55.63 Cr | +1.24% | +1.17% | +1.05% |
| Indian Bank | Financial | 1.30% | ₹55.03 Cr | +1.57% | +1.60% | +1.06% |
| Pine Labs Ltd. | Financial | 1.30% | ₹54.88 Cr | +0.99% | — | — |
| The Indian Hotels Company Ltd. | Services | 1.23% | ₹51.99 Cr | +1.16% | +1.17% | +1.33% |
| Persistent Systems Ltd. | Technology | 1.19% | ₹50.32 Cr | +1.73% | +1.56% | +1.75% |
| Nippon Life India Asset Management Ltd. | Financial | 1.15% | ₹48.54 Cr | +1.31% | +1.36% | +1.44% |
| RBL Bank Ltd. | Financial | 1.13% | ₹47.93 Cr | +0.86% | +0.79% | — |
| Ultratech Cement Ltd. | Materials | 1.07% | ₹45.11 Cr | +1.14% | +1.24% | +1.24% |
| Tech Mahindra Ltd. | Technology | 1.04% | ₹43.79 Cr | +1.00% | +0.91% | +0.99% |
| Trent Ltd. | Services | 1.04% | ₹44.17 Cr | +0.80% | +0.45% | +1.39% |
| Swiggy Ltd. | Services | 1.03% | ₹43.43 Cr | +0.67% | +0.77% | +1.05% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.01% | ₹42.62 Cr | +1.78% | +2.16% | +1.97% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.01% | ₹42.89 Cr | +1.08% | +1.07% | +1.03% |
| NTPC Ltd. | Energy | 0.98% | ₹41.40 Cr | +1.23% | +1.20% | +1.25% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.97% | ₹41.17 Cr | +0.80% | +0.95% | +1.13% |
| Lupin Ltd. | Healthcare | 0.96% | ₹40.75 Cr | +1.06% | +1.07% | +0.88% |
| Tata Consumer Products Ltd. | Consumer Staples | 0.96% | ₹40.74 Cr | +0.51% | — | — |
| JSW Energy Ltd. | Capital Goods | 0.95% | ₹40.31 Cr | +1.16% | +0.94% | +0.94% |
| Tata Steel Ltd. | Metals & Mining | 0.95% | ₹40.06 Cr | +1.13% | +0.51% | — |
| Hero Motocorp Ltd. | Automobile | 0.94% | ₹39.95 Cr | — | — | — |
| Bikaji Foods International Ltd. | Consumer Staples | 0.89% | ₹37.44 Cr | +0.98% | +0.95% | +1.18% |
| Bharat Electronics Ltd. | Capital Goods | 0.87% | ₹36.66 Cr | +0.91% | +1.41% | +1.42% |
| Coforge Ltd. | Technology | 0.83% | ₹35.14 Cr | +0.63% | +0.52% | — |
| Juniper Green Energy Ltd. | Energy | 0.83% | ₹35.04 Cr | — | — | — |
| Lemon Tree Hotels Ltd. | Services | 0.82% | ₹34.63 Cr | +0.93% | +0.92% | +1.57% |
| Mahindra & Mahindra Ltd. | Automobile | 0.82% | ₹34.79 Cr | +1.01% | +1.12% | +1.05% |
| LTM Limited | Technology | 0.81% | ₹34.10 Cr | +0.77% | +0.83% | +0.63% |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 0.80% | ₹33.90 Cr | +0.98% | +0.86% | — |
| Polycab India Ltd. | Capital Goods | 0.78% | ₹33.19 Cr | +0.84% | +0.79% | +0.65% |
| Exide Industries Ltd. | Capital Goods | 0.77% | ₹32.75 Cr | +0.72% | +0.62% | +0.73% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.74% | ₹31.38 Cr | — | — | — |
| Triveni Turbine Ltd. | Construction | 0.73% | ₹30.84 Cr | +0.99% | +0.83% | +0.88% |
| UNO Minda Ltd. | Automobile | 0.72% | ₹30.27 Cr | +0.66% | +0.70% | +0.75% |
| Manipal Health Enterprises Ltd. | Healthcare | 0.70% | ₹29.47 Cr | — | — | — |
| Century Plyboards (India) Ltd. | Materials | 0.69% | ₹29.34 Cr | +0.73% | +0.69% | +0.63% |
| Godrej Properties Ltd. | Construction | 0.69% | ₹29.21 Cr | +0.64% | +0.62% | +0.70% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.69% | ₹29.10 Cr | +1.35% | +1.41% | +1.02% |
| Mankind Pharma Ltd. | Healthcare | 0.66% | ₹27.87 Cr | +0.69% | +0.64% | +0.71% |
| Kei Industries Ltd. | Capital Goods | 0.62% | ₹26.40 Cr | +0.61% | +0.91% | +0.68% |
| company:5798 | Technology | 0.61% | ₹25.95 Cr | — | — | — |
| Sobha Ltd. | Construction | 0.59% | ₹24.87 Cr | +0.70% | +0.69% | +0.70% |
| DOMS Industries Ltd. | Consumer Staples | 0.58% | ₹24.33 Cr | +0.60% | +0.63% | +0.41% |
| Blue Star Ltd. | Consumer Discretionary | 0.55% | ₹23.46 Cr | +0.64% | +0.77% | +0.75% |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.53% | ₹22.60 Cr | +0.51% | +0.73% | +0.81% |
| company:2530 | Metals & Mining | 0.51% | ₹21.50 Cr | — | — | — |
| Gujarat Energy Ltd. | Energy | 0.50% | ₹21.20 Cr | +0.86% | — | — |
| Siemens Ltd. | Capital Goods | 0.48% | ₹20.15 Cr | +0.48% | +0.42% | +0.38% |
| Vinati Organics Ltd. | Chemicals | 0.47% | ₹19.79 Cr | +0.76% | +0.86% | +0.99% |
| SBI Funds Management Ltd. | Financial | 0.44% | ₹18.63 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 0.43% | ₹18.14 Cr | +0.43% | +0.70% | +0.57% |
| Syngene International Ltd. | Healthcare | 0.38% | ₹15.99 Cr | +0.44% | +0.42% | +0.62% |
| KPIT Technologies Ltd. | Technology | 0.33% | ₹13.96 Cr | +0.87% | +0.86% | +1.39% |
| GSPL Transmission Ltd. | Energy | 0.09% | ₹3.85 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Avalon Technologies Ltd. | 3.43% | 4.38% | +0.95% |
| Juniper Green Energy Ltd. | 0.15% | 0.83% | +0.68% |
| company:5798 | 0.00% | 0.61% | +0.61% |
| Kaynes Technology India Ltd. | 0.56% | 0.00% | -0.56% |
| Power Finance Corporation Ltd. | 0.51% | 0.00% | -0.51% |
| company:2530 | 0.00% | 0.51% | +0.51% |
| Zensar Technologies Ltd. | 0.46% | 0.00% | -0.46% |
| Vishal Mega Mart Ltd. | 0.44% | 0.00% | -0.44% |
| Amber Enterprises India Ltd. | 1.45% | 1.01% | -0.44% |
| Manipal Health Enterprises Ltd. | 0.30% | 0.70% | +0.40% |
| Pearl Global Industries Ltd. | 2.17% | 2.52% | +0.35% |
| KPIT Technologies Ltd. | 0.65% | 0.33% | -0.32% |
| Swiggy Ltd. | 0.72% | 1.03% | +0.31% |
| Mahindra & Mahindra Ltd. | 1.09% | 0.82% | -0.27% |
| Shriram Finance Ltd | 2.66% | 2.40% | -0.26% |
| HDFC Bank Ltd. | 3.40% | 3.14% | -0.26% |
| Bharti Airtel Ltd. | 2.24% | 2.00% | -0.24% |
| Balrampur Chini Mills Ltd. | 1.41% | 1.62% | +0.21% |
| Tata Consumer Products Ltd. | 0.75% | 0.96% | +0.21% |
| Jindal Saw Ltd. | 1.18% | 1.38% | +0.20% |
| Nippon Life India Asset Management Ltd. | 1.34% | 1.15% | -0.19% |
| Others | 0.06% | -0.12% | -0.18% |
| Engineers India Ltd. | 1.15% | 1.32% | +0.17% |
| Pine Labs Ltd. | 1.13% | 1.30% | +0.17% |
| Reliance Industries Ltd. | 3.03% | 2.87% | -0.16% |
| Craftsman Automation Ltd. | 1.38% | 1.52% | +0.14% |
| Lupin Ltd. | 1.09% | 0.96% | -0.13% |
| Eternal Ltd. | 2.32% | 2.44% | +0.12% |
| Max Healthcare Institute Ltd. | 1.64% | 1.52% | -0.12% |
| PNB Housing Finance Ltd. | 1.85% | 1.96% | +0.11% |
| Blue Star Ltd. | 0.65% | 0.55% | -0.10% |
| Bharat Heavy Electricals Ltd. | 1.63% | 1.72% | +0.09% |
| JSW Energy Ltd. | 1.04% | 0.95% | -0.09% |
| Jindal Steel Ltd. | 1.73% | 1.82% | +0.09% |
| NTPC Ltd. | 1.07% | 0.98% | -0.09% |
| Coforge Ltd. | 0.74% | 0.83% | +0.09% |
| Trent Ltd. | 1.12% | 1.04% | -0.08% |
| Schaeffler India Ltd. | 1.67% | 1.59% | -0.08% |
| Sobha Ltd. | 0.66% | 0.59% | -0.07% |
| Gujarat Energy Ltd. | 0.57% | 0.50% | -0.07% |
| Ultratech Cement Ltd. | 1.14% | 1.07% | -0.07% |
| Century Plyboards (India) Ltd. | 0.75% | 0.69% | -0.06% |
| ICICI Bank Ltd. | 4.03% | 3.97% | -0.06% |
| Indian Bank | 1.24% | 1.30% | +0.06% |
| Safari Industries (India) Ltd. | 1.03% | 0.97% | -0.06% |
| Kei Industries Ltd. | 0.56% | 0.62% | +0.06% |
| Axis Bank Ltd. | 1.78% | 1.83% | +0.05% |
| Godrej Properties Ltd. | 0.74% | 0.69% | -0.05% |
| Infosys Ltd. | 1.97% | 1.92% | -0.05% |
| Lemon Tree Hotels Ltd. | 0.87% | 0.82% | -0.05% |
| Oil And Natural Gas Corporation Ltd. | 0.74% | 0.69% | -0.05% |
| Sun Pharmaceutical Industries Ltd. | 1.54% | 1.49% | -0.05% |
| Tata Steel Ltd. | 1.00% | 0.95% | -0.05% |
| Triveni Turbine Ltd. | 0.78% | 0.73% | -0.05% |
| Bharat Electronics Ltd. | 0.83% | 0.87% | +0.04% |
| Bikaji Foods International Ltd. | 0.93% | 0.89% | -0.04% |
| Exide Industries Ltd. | 0.81% | 0.77% | -0.04% |
| Tech Mahindra Ltd. | 1.08% | 1.04% | -0.04% |
| ICICI Prudential Asset Management Company Ltd. | 0.84% | 0.80% | -0.04% |
| UNO Minda Ltd. | 0.68% | 0.72% | +0.04% |
| TVS Motor Company Ltd. | 1.91% | 1.87% | -0.04% |
| Karur Vysya Bank Ltd. | 2.16% | 2.13% | -0.03% |
| CG Power and Industrial Solutions Ltd. | 0.98% | 1.01% | +0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 1.35% | 1.32% | -0.03% |
| Diamond Power Infrastructure Ltd. | 0.71% | 0.74% | +0.03% |
| The Indian Hotels Company Ltd. | 1.26% | 1.23% | -0.03% |
| Mankind Pharma Ltd. | 0.69% | 0.66% | -0.03% |
| DOMS Industries Ltd. | 0.60% | 0.58% | -0.02% |
| Hero Motocorp Ltd. | 0.96% | 0.94% | -0.02% |
| Persistent Systems Ltd. | 1.21% | 1.19% | -0.02% |
| RBL Bank Ltd. | 1.15% | 1.13% | -0.02% |
| SBI Funds Management Ltd. | 0.46% | 0.44% | -0.02% |
| Siemens Ltd. | 0.46% | 0.48% | +0.02% |
| ABB India Ltd. | 0.42% | 0.43% | +0.01% |
| LTM Limited | 0.80% | 0.81% | +0.01% |
| State Bank of India | 1.89% | 1.90% | +0.01% |
| Syngene International Ltd. | 0.37% | 0.38% | +0.01% |
| Thangamayil Jewellery Ltd. | 1.96% | 1.97% | +0.01% |
| GE Vernova T&D India Ltd | 2.21% | 2.21% | 0.00% |
| GSPL Transmission Ltd. | 0.09% | 0.09% | 0.00% |
| Hindustan Aeronautics Ltd. | 0.53% | 0.53% | 0.00% |
| Larsen & Toubro Ltd. | 2.23% | 2.23% | 0.00% |
| Polycab India Ltd. | 0.78% | 0.78% | 0.00% |
| Vinati Organics Ltd. | 0.47% | 0.47% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,588 Cr | 2.48% | 10.9% | 9.1% | 15.1% |
| ₹5,134 Cr | 2.09% | 16.6% | 12.5% | 18.1% | |
| ₹507 Cr | 2.59% | 4.3% | 7.3% | — | |
| ₹463 Cr | 2.57% | 8.9% | 7.3% | 13.1% | |
| ₹248 Cr | 2.69% | 13.8% | 9.4% | 14.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
Fund managers
- Abhishek GuptaMr. Gupta is a B. Com., PGDM (Finance) CFA (Investments)Prior to joining HSBC Mutual Fund, he has worked with Edelweiss Asset Management Limited, Goldman Sachs, Baer Capital and Deutsche Asset Management.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months14.27% absolute | ₹60,000 | ₹68,562 | 14.27% | |
| 1 year5.62% annualised | ₹1,20,000 | ₹1,23,716 | 3.10% | |
| 3 years15.27% annualised | ₹3,60,000 | ₹4,58,813 | 27.45% | |
| 5 years11.79% annualised | ₹6,00,000 | ₹8,20,098 | 36.68% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.