HSBC Tax Saver Equity Fund Growth - Latest NAV ₹33.3448, Returns, Performance & Portfolio

HSBC Tax Saver Equity Fund Growth

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    4.36%
  • highlight
    (--0.04)33.3448

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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 FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
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 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years8.87%
5 Years4.36%
3 Years-2.45%
1 Year-7.94%
6 Months-13.47%
Fund Details
ISININF336L01BA4
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV33.3448
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd9.97%
Reliance Industries Ltd9.53%
ICICI Bank Ltd8.39%
Hindustan Unilever Ltd6.84%
Infosys Ltd6.41%
Bharti Airtel Ltd4.24%
Kotak Mahindra Bank Ltd4.07%
Larsen & Toubro Ltd2.93%
Bajaj Finance Ltd2.86%
Sun Pharmaceuticals Industries Ltd2.82%

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:

  1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
  2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
  3. 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.

iii) Redemption

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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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

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