HSBC Tax Saver Equity Fund Growth
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
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- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||9.1%|
|HDFC Bank Ltd||8.99%|
|Reliance Industries Ltd Shs Dematerialised||4.73%|
|Hindustan Unilever Ltd||4.65%|
|Bajaj Finance Ltd||4.56%|
|Larsen & Toubro Ltd Shs Dematerialised||3.35%|
|Kotak Mahindra Bank Ltd||3.1%|
|Axis Bank Ltd||2.72%|
|Maruti Suzuki India Ltd||2.46%|
About HSBC Tax Saver Equity Fund
HSBC Tax Saver Equity Fund (HTSF) is one of the top tax-saving funds launched in the recent past. It is a diversified equity fund offering investors with an opportunity to save tax. The fund’s investment objective is to provide long term capital appreciation by investing in a diversified portfolio of equity; equity related instruments and fixed income securities of companies across various sectors and industries with no capitalization bias.
Pros & Cons of HSBC Tax Saver Equity Fund
HSBC Tax Saver Equity Fund offers 3 benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has been able to beat the benchmark 5 year and 10 year time horizons. However, it was lagging behind the category for the given timeline.
Fund Information and Statistics of HSBC Tax Saver Equity Fund
i) Inception / Launch date
HSBC Tax Saver Equity Fund was launched on 5 January 2007 by HSBC Mutual Fund.
ii) Risk level
Being a multi-cap fund, HSBC Tax Saver Equity Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Aditya Khemani, who holds a rich experience in managing funds at prestigious fund houses, has been managing the HSBC Tax Saver Equity Fund since February 2009.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in HSBC Tax Saver Equity Fund
Tax benefits of investing in HSBC Tax Saver Equity Fund
HSBC Tax Saver Equity Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About HSBC Mutual Fund
After being established in 2001 as a global asset management company, it has been on a mission to deliver tailored investment expertise by having close association with the clients. It equally focuses on the inherent risk in addition to providing consistent performance. The fund house aims to grow as well as protect client’s assets with its strong governance.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns