HSBC ELSS Tax saver Fund
- NAV as on 9 Nov 2026
- ₹141.79+0.37%1 day
- Return since launch
- 13.6%
- 52-week range
- ₹119.67 — ₹145.31
- AUM
- ₹3,974 Cr
HSBC ELSS Tax saver Fund is a ELSS equity fund from HSBC Mutual Fund with ₹3,974 Cr under management, launched in 2006. Over three years it has returned 7.9% a year, against 11.4% for its category. The expense ratio is 1.99% 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 +3.5% against 0.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 8.0% | +7.4 pts | 0.6% | 6.0% |
| 2Y | 6.4% | +2.1 pts | 4.3% | 3.9% |
| 3Y | 7.9% | −3.5 pts | 11.4% | 4.6% |
| 5Y | 12.9% | +3.1 pts | 9.8% | 9.3% |
| 7Y | 14.6% | +1.3 pts | 13.3% | 12.1% |
| 10Y | 13.3% | +0.4 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.1% | −2.6 pts | 6.7% | 7.5% |
| 3M | -1.8% | −1.3 pts | -0.5% | -0.5% |
| 6M | 4.8% | +0.1 pts | 4.6% | 4.7% |
| 1Y | 3.9% | +3.3 pts | 0.6% | 0.3% |
| 2Y | 3.5% | +1.7 pts | 1.9% | 1.4% |
| 3Y | 15.5% | +4.0 pts | 11.4% | 10.7% |
| 5Y | 11.6% | +1.9 pts | 9.8% | 8.8% |
| 7Y | 14.7% | +0.1 pts | 14.6% | 12.7% |
| 10Y | 12.8% | −0.2 pts | 12.9% | 11.5% |
Since launch (5 Jan 2006): 13.6%
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
1.98%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.63%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.33%
- 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 | 3.99 | 4.42 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.03 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.55 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.74 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.88 | 17.69 | 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 30 Sep 2026
Asset allocation
- Equity99.3%
- Other0.7%
Market cap split
- Large48.1%
- Mid19.0%
- Small32.9%
- P/E
- 27.02
- P/B
- 3.41
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Avalon Technologies Ltd. | Capital Goods | 4.51% | ₹179 Cr | +3.75% | +2.38% | +2.26% |
| ICICI Bank Ltd. | Financial | 3.84% | ₹153 Cr | +3.89% | +3.91% | +3.81% |
| HDFC Bank Ltd. | Financial | 3.34% | ₹133 Cr | +3.66% | +3.84% | +5.41% |
| Reliance Industries Ltd. | Energy | 2.84% | ₹113 Cr | +3.02% | +3.59% | +3.18% |
| Pearl Global Industries Ltd. | Textiles | 2.79% | ₹111 Cr | +2.14% | +1.65% | +1.35% |
| Eternal Ltd. | Services | 2.54% | ₹101 Cr | +2.04% | +2.03% | +2.51% |
| Shriram Finance Ltd | Financial | 2.26% | ₹89.75 Cr | +2.67% | +2.56% | +1.58% |
| GE Vernova T&D India Ltd | Capital Goods | 2.22% | ₹88.22 Cr | +2.54% | +2.15% | +1.52% |
| Larsen & Toubro Ltd. | Construction | 2.21% | ₹87.62 Cr | +2.37% | +2.66% | +2.70% |
| Karur Vysya Bank Ltd. | Financial | 2.12% | ₹84.22 Cr | +1.88% | +2.11% | +1.34% |
| Bharti Airtel Ltd. | Communication | 2.06% | ₹82.05 Cr | +2.12% | +2.34% | +2.15% |
| PNB Housing Finance Ltd. | Financial | 2.04% | ₹80.89 Cr | +1.84% | +1.53% | +0.93% |
| Thangamayil Jewellery Ltd. | Consumer Discretionary | 1.96% | ₹78.05 Cr | +2.42% | +1.68% | +0.86% |
| TVS Motor Company Ltd. | Automobile | 1.89% | ₹74.93 Cr | +1.55% | +1.72% | +1.54% |
| Jindal Steel Ltd. | Metals & Mining | 1.85% | ₹73.41 Cr | +1.68% | +2.02% | +1.68% |
| Axis Bank Ltd. | Financial | 1.84% | ₹73.17 Cr | +1.97% | +1.62% | +1.37% |
| State Bank of India | Financial | 1.83% | ₹72.66 Cr | +2.15% | +2.35% | +1.83% |
| Infosys Ltd. | Technology | 1.79% | ₹71.23 Cr | +1.76% | +2.52% | +2.73% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.72% | ₹68.42 Cr | +1.67% | +0.99% | +1.01% |
| Engineers India Ltd. | Construction | 1.66% | ₹65.77 Cr | +1.25% | +1.09% | +1.00% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.65% | ₹65.44 Cr | +1.34% | +1.38% | +1.10% |
| Schaeffler India Ltd. | Capital Goods | 1.64% | ₹65.36 Cr | +1.73% | +1.82% | +1.57% |
| Craftsman Automation Ltd. | Automobile | 1.51% | ₹59.82 Cr | +1.33% | +0.87% | +0.74% |
| Pine Labs Ltd. | Financial | 1.45% | ₹57.48 Cr | +1.05% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.45% | ₹57.69 Cr | +1.45% | +1.57% | +1.24% |
| Max Healthcare Institute Ltd. | Healthcare | 1.44% | ₹57.20 Cr | +1.70% | +1.66% | +1.68% |
| Jindal Saw Ltd. | Metals & Mining | 1.32% | ₹52.44 Cr | +1.21% | +0.97% | +0.94% |
| The Indian Hotels Company Ltd. | Services | 1.29% | ₹51.34 Cr | +1.23% | +1.13% | +1.24% |
| RBL Bank Ltd. | Financial | 1.28% | ₹50.83 Cr | +1.14% | +0.80% | — |
| Indian Bank | Financial | 1.24% | ₹49.34 Cr | +1.23% | +1.54% | +1.19% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.23% | ₹48.71 Cr | +1.32% | +1.14% | +1.18% |
| Persistent Systems Ltd. | Technology | 1.19% | ₹47.48 Cr | +0.95% | +1.82% | +1.57% |
| Nippon Life India Asset Management Ltd. | Financial | 1.12% | ₹44.30 Cr | +1.35% | +1.07% | +1.56% |
| Ultratech Cement Ltd. | Materials | 1.09% | ₹43.17 Cr | +1.09% | +1.19% | +1.18% |
| NTPC Ltd. | Energy | 1.03% | ₹40.81 Cr | +1.11% | +1.32% | +1.28% |
| Tech Mahindra Ltd. | Technology | 1.03% | ₹41.00 Cr | +0.93% | +1.05% | +0.92% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.01% | ₹39.99 Cr | +1.09% | +1.10% | +1.08% |
| Tata Steel Ltd. | Metals & Mining | 1.01% | ₹40.05 Cr | +1.00% | +0.77% | — |
| Trent Ltd. | Services | 1.01% | ₹40.21 Cr | +1.23% | +0.43% | +0.89% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.98% | ₹38.95 Cr | +1.06% | +0.85% | +1.13% |
| Hero Motocorp Ltd. | Automobile | 0.97% | ₹38.42 Cr | +0.56% | — | — |
| Swiggy Ltd. | Services | 0.97% | ₹38.53 Cr | +0.61% | +0.75% | +1.07% |
| JSW Energy Ltd. | Capital Goods | 0.96% | ₹38.32 Cr | +1.11% | +1.03% | +1.01% |
| Lupin Ltd. | Healthcare | 0.95% | ₹37.80 Cr | +1.10% | +1.21% | +0.87% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.94% | ₹37.32 Cr | +1.72% | +2.00% | +2.15% |
| Tata Consumer Products Ltd. | Consumer Staples | 0.94% | ₹37.29 Cr | +0.75% | — | — |
| Juniper Green Energy Ltd. | Energy | 0.91% | ₹36.16 Cr | — | — | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 0.87% | ₹34.69 Cr | +0.90% | +0.87% | — |
| Bharat Electronics Ltd. | Capital Goods | 0.86% | ₹34.34 Cr | +0.89% | +1.00% | +1.26% |
| Lemon Tree Hotels Ltd. | Services | 0.86% | ₹33.98 Cr | +0.93% | +0.92% | +1.55% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.81% | ₹32.01 Cr | — | — | — |
| Bikaji Foods International Ltd. | Consumer Staples | 0.79% | ₹31.22 Cr | +0.95% | +1.04% | +1.09% |
| Mahindra & Mahindra Ltd. | Automobile | 0.79% | ₹31.27 Cr | +1.00% | +1.10% | +1.11% |
| Coforge Ltd. | Technology | 0.78% | ₹30.96 Cr | +0.64% | +0.55% | +0.69% |
| Exide Industries Ltd. | Capital Goods | 0.77% | ₹30.70 Cr | +0.71% | +0.60% | +0.71% |
| LTM Limited | Technology | 0.76% | ₹30.38 Cr | +0.65% | +0.85% | +0.62% |
| Mankind Pharma Ltd. | Healthcare | 0.73% | ₹28.84 Cr | +0.72% | +0.65% | +0.69% |
| Others | Others | 0.73% | ₹29.55 Cr | -0.16% | -0.62% | -0.36% |
| Triveni Turbine Ltd. | Construction | 0.72% | ₹28.77 Cr | +0.90% | +0.84% | +0.86% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.71% | ₹28.35 Cr | +0.72% | +1.63% | +1.03% |
| Polycab India Ltd. | Capital Goods | 0.71% | ₹28.20 Cr | +0.86% | +0.92% | +0.66% |
| UNO Minda Ltd. | Automobile | 0.70% | ₹27.75 Cr | +0.63% | +0.69% | +0.75% |
| Manipal Health Enterprises Ltd. | Healthcare | 0.69% | ₹27.36 Cr | — | — | — |
| Century Plyboards (India) Ltd. | Materials | 0.66% | ₹26.42 Cr | +0.69% | +0.74% | +0.67% |
| Blue Star Ltd. | Consumer Discretionary | 0.61% | ₹24.32 Cr | +0.64% | +0.72% | +0.74% |
| National Stock Exchange | Financial | 0.61% | ₹24.10 Cr | — | — | — |
| Sobha Ltd. | Construction | 0.61% | ₹24.19 Cr | +0.67% | +0.66% | +0.75% |
| Godrej Properties Ltd. | Construction | 0.59% | ₹23.61 Cr | +0.66% | +0.60% | +0.70% |
| DOMS Industries Ltd. | Consumer Staples | 0.58% | ₹22.97 Cr | +0.62% | +0.70% | +0.41% |
| Mphasis Ltd. | Technology | 0.58% | ₹23.03 Cr | — | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.55% | ₹21.97 Cr | +0.51% | +0.73% | +0.87% |
| Kei Industries Ltd. | Capital Goods | 0.52% | ₹20.49 Cr | +0.61% | +0.82% | +0.72% |
| Gujarat Energy Ltd. | Energy | 0.51% | ₹20.33 Cr | +0.69% | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 0.48% | ₹19.22 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 0.47% | ₹18.63 Cr | +0.44% | +0.41% | +0.38% |
| Vinati Organics Ltd. | Chemicals | 0.44% | ₹17.39 Cr | +0.77% | +0.87% | +0.99% |
| SBI Funds Management Ltd. | Financial | 0.42% | ₹16.65 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 0.40% | ₹16.09 Cr | +0.41% | +0.77% | +0.58% |
| Syngene International Ltd. | Healthcare | 0.37% | ₹14.58 Cr | +0.43% | +0.44% | +0.61% |
| KPIT Technologies Ltd. | Technology | 0.30% | ₹11.91 Cr | +0.74% | +0.80% | +1.26% |
| GSPL Transmission Ltd. | Energy | 0.10% | ₹4.12 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| National Stock Exchange | 0.00% | 0.61% | +0.61% |
| Engineers India Ltd. | 1.32% | 1.66% | +0.34% |
| Pearl Global Industries Ltd. | 2.52% | 2.79% | +0.27% |
| HDFC Bank Ltd. | 3.14% | 3.34% | +0.20% |
| RBL Bank Ltd. | 1.13% | 1.28% | +0.15% |
| Pine Labs Ltd. | 1.30% | 1.45% | +0.15% |
| Shriram Finance Ltd | 2.40% | 2.26% | -0.14% |
| ICICI Bank Ltd. | 3.97% | 3.84% | -0.13% |
| Avalon Technologies Ltd. | 4.38% | 4.51% | +0.13% |
| Infosys Ltd. | 1.92% | 1.79% | -0.13% |
| Eternal Ltd. | 2.44% | 2.54% | +0.10% |
| Bikaji Foods International Ltd. | 0.89% | 0.79% | -0.10% |
| Godrej Properties Ltd. | 0.69% | 0.59% | -0.10% |
| Kei Industries Ltd. | 0.62% | 0.52% | -0.10% |
| Cholamandalam Investment and Finance Company Ltd. | 1.32% | 1.23% | -0.09% |
| Juniper Green Energy Ltd. | 0.83% | 0.91% | +0.08% |
| Max Healthcare Institute Ltd. | 1.52% | 1.44% | -0.08% |
| PNB Housing Finance Ltd. | 1.96% | 2.04% | +0.08% |
| Amber Enterprises India Ltd. | 1.01% | 0.94% | -0.07% |
| Diamond Power Infrastructure Ltd. | 0.74% | 0.81% | +0.07% |
| Polycab India Ltd. | 0.78% | 0.71% | -0.07% |
| ICICI Prudential Asset Management Company Ltd. | 0.80% | 0.87% | +0.07% |
| Mankind Pharma Ltd. | 0.66% | 0.73% | +0.07% |
| State Bank of India | 1.90% | 1.83% | -0.07% |
| Bharti Airtel Ltd. | 2.00% | 2.06% | +0.06% |
| Indian Bank | 1.30% | 1.24% | -0.06% |
| Swiggy Ltd. | 1.03% | 0.97% | -0.06% |
| Tata Steel Ltd. | 0.95% | 1.01% | +0.06% |
| The Indian Hotels Company Ltd. | 1.23% | 1.29% | +0.06% |
| Blue Star Ltd. | 0.55% | 0.61% | +0.06% |
| Jindal Saw Ltd. | 1.38% | 1.32% | -0.06% |
| LTM Limited | 0.81% | 0.76% | -0.05% |
| NTPC Ltd. | 0.98% | 1.03% | +0.05% |
| Others | -0.12% | -0.17% | -0.05% |
| Coforge Ltd. | 0.83% | 0.78% | -0.05% |
| Schaeffler India Ltd. | 1.59% | 1.64% | +0.05% |
| Lemon Tree Hotels Ltd. | 0.82% | 0.86% | +0.04% |
| Sun Pharmaceutical Industries Ltd. | 1.49% | 1.45% | -0.04% |
| Reliance Industries Ltd. | 2.87% | 2.84% | -0.03% |
| Hero Motocorp Ltd. | 0.94% | 0.97% | +0.03% |
| Jindal Steel Ltd. | 1.82% | 1.85% | +0.03% |
| KPIT Technologies Ltd. | 0.33% | 0.30% | -0.03% |
| Mphasis Ltd. | 0.61% | 0.58% | -0.03% |
| National Aluminium Company Ltd. | 0.51% | 0.48% | -0.03% |
| Trent Ltd. | 1.04% | 1.01% | -0.03% |
| ABB India Ltd. | 0.43% | 0.40% | -0.03% |
| Vinati Organics Ltd. | 0.47% | 0.44% | -0.03% |
| Century Plyboards (India) Ltd. | 0.69% | 0.66% | -0.03% |
| Mahindra & Mahindra Ltd. | 0.82% | 0.79% | -0.03% |
| Balrampur Chini Mills Ltd. | 1.62% | 1.65% | +0.03% |
| Nippon Life India Asset Management Ltd. | 1.15% | 1.12% | -0.03% |
| Hindustan Aeronautics Ltd. | 0.53% | 0.55% | +0.02% |
| Larsen & Toubro Ltd. | 2.23% | 2.21% | -0.02% |
| Oil And Natural Gas Corporation Ltd. | 0.69% | 0.71% | +0.02% |
| SBI Funds Management Ltd. | 0.44% | 0.42% | -0.02% |
| Sobha Ltd. | 0.59% | 0.61% | +0.02% |
| Tata Consumer Products Ltd. | 0.96% | 0.94% | -0.02% |
| UNO Minda Ltd. | 0.72% | 0.70% | -0.02% |
| Ultratech Cement Ltd. | 1.07% | 1.09% | +0.02% |
| TVS Motor Company Ltd. | 1.87% | 1.89% | +0.02% |
| GE Vernova T&D India Ltd | 2.21% | 2.22% | +0.01% |
| Axis Bank Ltd. | 1.83% | 1.84% | +0.01% |
| Bharat Electronics Ltd. | 0.87% | 0.86% | -0.01% |
| Craftsman Automation Ltd. | 1.52% | 1.51% | -0.01% |
| GSPL Transmission Ltd. | 0.09% | 0.10% | +0.01% |
| Gujarat Energy Ltd. | 0.50% | 0.51% | +0.01% |
| JSW Energy Ltd. | 0.95% | 0.96% | +0.01% |
| Lupin Ltd. | 0.96% | 0.95% | -0.01% |
| Manipal Health Enterprises Ltd. | 0.70% | 0.69% | -0.01% |
| Safari Industries (India) Ltd. | 0.97% | 0.98% | +0.01% |
| Siemens Ltd. | 0.48% | 0.47% | -0.01% |
| Syngene International Ltd. | 0.38% | 0.37% | -0.01% |
| Tech Mahindra Ltd. | 1.04% | 1.03% | -0.01% |
| Thangamayil Jewellery Ltd. | 1.97% | 1.96% | -0.01% |
| Triveni Turbine Ltd. | 0.73% | 0.72% | -0.01% |
| Karur Vysya Bank Ltd. | 2.13% | 2.12% | -0.01% |
| Bharat Heavy Electricals Ltd. | 1.72% | 1.72% | 0.00% |
| CG Power and Industrial Solutions Ltd. | 1.01% | 1.01% | 0.00% |
| DOMS Industries Ltd. | 0.58% | 0.58% | 0.00% |
| Exide Industries Ltd. | 0.77% | 0.77% | 0.00% |
| Persistent Systems Ltd. | 1.19% | 1.19% | 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 | ₹1,617 Cr | 2.45% | 9.0% | 8.1% | 13.7% |
| ₹4,890 Cr | 2.07% | 8.1% | 8.8% | 16.0% | |
| ₹857 Cr | 2.46% | 6.6% | 7.2% | 11.9% | |
| ₹481 Cr | 2.60% | 10.8% | 8.6% | — | |
| ₹240 Cr | 2.66% | 10.6% | 7.7% | 13.1% |
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.
- Dipan S. ParikhMr. Parikh has done B.ComHe has been working with HSBC Mutual Fund since 2006
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 months4.77% absolute | ₹60,000 | ₹62,862 | 4.77% | |
| 1 year3.86% annualised | ₹1,20,000 | ₹1,22,539 | 2.12% | |
| 3 years15.48% annualised | ₹3,60,000 | ₹4,60,391 | 27.89% | |
| 5 years11.63% annualised | ₹6,00,000 | ₹8,16,489 | 36.08% |
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.