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3 star

HSBC Tax Saver Equity Fund


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.95 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.41 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -9.98 1.75 -0.31 4.60 16.92 -12.18 0.19 -1.53 4.00 12.75 8.89
S&P BSE 500 TRI -7.10 1.62 -0.64 4.74 20.15 -6.93 3.01 2.51 6.34 12.57 8.48
Equity: ELSS -7.14 1.26 0.11 4.69 17.57 -8.13 2.64 0.52 4.59 13.10 8.91
Rank within category 22 1 19 12 18 25 20 21 13 11 10
Number of funds in category 32 32 32 32 32 32 31 28 24 23 22

As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HSBC Tax Saver Equity Fund  | Invest Online
3 star
Jan-07 0.19 -1.53 4.00 2.49 129
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 2.80 5.26 7.15 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 3.78 1.73 5.80 1.92 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 2.23 1.75 6.91 1.90 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 5.34 5.08 -- 1.80 3,538

Best & Worst Performance

Best (Period) Worst (Period)
Week 18.69 (13-May-2009 - 20-May-2009) -19.27 (16-Mar-2020 - 23-Mar-2020)
Month 33.22 (11-May-2009 - 10-Jun-2009) -37.56 (20-Feb-2020 - 23-Mar-2020)
Quarter 67.43 (09-Mar-2009 - 10-Jun-2009) -36.58 (04-Jan-2008 - 04-Apr-2008)
Year 105.12 (09-Mar-2009 - 11-Mar-2010) -54.30 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.70 22.50 -0.20 -0.22 1.01 -4.04
S&P BSE 500 TRI 4.74 21.74 -0.02 -0.03 -- --
Equity: ELSS 2.76 21.29 -0.11 -0.12 0.95 -2.01
Rank within category 27 30 26 26 31 27
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 37
Top 10 Stocks (%) 58.06
Top 5 Stocks (%) 41.14
Top 3 Sectors (%) 51.53
Portfolio P/B Ratio 3.18
Portfolio P/E Ratio 25.95

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,48,462 89,760
Giant (%) 68.07 52.59
Large (%) 9.50 15.43
Mid (%) 19.60 23.93
Small (%) 2.82 8.24
Tiny (%) -- 0.13

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 20.09 10.50 8.24 9.97
equal Reliance Industries Energy 34.24 9.53 1.43 9.53
down ICICI Bank Financial 22.35 10.06 7.50 8.39
equal Hindustan Unilever FMCG 75.34 6.98 0.00 6.84
equal Infosys Technology 23.76 6.51 2.86 6.41
equal Bharti Airtel Communication -- 4.52 0.00 4.24
equal Kotak Mahindra Bank Financial 30.77 7.17 0.00 4.07
down Larsen & Toubro Construction 15.48 4.96 0.00 2.93
equal Bajaj Finance Financial 38.76 2.86 0.00 2.86
equal Sun Pharmaceutical Inds. Healthcare 175.67 3.05 1.11 2.82
equal MRF Automobile 18.26 2.96 1.13 2.79
equal Maruti Suzuki India Automobile 47.65 6.36 2.76 2.76
equal ACC Construction 22.50 3.30 0.00 2.38
equal AU Small Finance Bank Financial 31.18 3.53 0.00 1.92
equal Ipca Laboratories Healthcare 41.41 1.82 0.00 1.82
equal Axis Bank Financial 71.57 8.39 0.00 1.77
equal Kei Industries Engineering 12.47 1.68 0.00 1.68
equal Torrent Pharmaceuticals Healthcare 42.36 4.10 0.00 1.66
equal United Breweries FMCG 58.19 1.93 0.00 1.61
equal SRF Diversified 21.76 1.71 0.00 1.60
equal Abbott India Healthcare 58.68 2.07 0.00 1.59
equal ITC FMCG 16.47 3.54 0.00 1.51
equal HCL Technologies Technology 15.98 1.57 0.00 1.47
equal Atul Chemicals 24.13 1.57 0.00 1.41
equal DLF Construction -- 3.16 0.00 1.38

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Gautam Bhupal since 23-Jul-2019

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 UTI AMC as an Equity Research Analyst from May 2004 till June 2008. He has over 11 years of experience in areas of Research and Fund Management.

Funds Managed:


1.75%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 34.3280

Dividend: ₹ 17.3422


Investment Strategy

The 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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 05-Jan-2007
Return Since Launch: 9.50%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 129 Cr (As on 30-Jun-2020)
Expense: 2.49% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 61.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-Jan-20201.5495

 24-Jan-20191.5495
 30-Jan-20182.5000
 24-Mar-20171.5000
 23-Mar-20161.5000
 17-Mar-20152.5000
 17-Oct-20141.5000
 19-Feb-20101.0000

Contact Information

AMC: HSBC Global Asset Management Company (India) Private Limited

Address: The Hongkong and Shanghai Banking Corp. Ltd. 16, V. N. Road, Fort, Mumbai - 400001

Phone: 022-66145000 / 66668819 / 1800-200-2434

Fax: 022-40029600

Email: [email protected]

Website: http://www.assetmanagement.hsbc.co.in

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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