HSBC ELSS Tax Saver Fund
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
Growthvine rating: 4/5 — ranked #9 of 57 in category.
Fund basics
| Category | Equity: ELSS |
|---|
| NAV | ₹144.25 (as of 2026-08-21) |
|---|
| AUM | ₹4,081 Cr |
|---|
| Expense ratio | 1.63% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Abhishek Gupta |
|---|
| Exit load | 0 |
|---|
Performance & risk
| Sharpe ratio | 0.65 |
|---|
| Standard deviation | 16.37% |
|---|
| Max drawdown | -19.34% |
|---|
| Alpha | 2.99 |
|---|
| Beta | 1.02 |
|---|
Over 5 years, captured 109.1% of Nifty 500's upside and 92.9% of its downside.
Market cap allocation
| Large cap | 49.9% |
|---|
| Mid cap | 17.9% |
|---|
| Small cap | 32.2% |
|---|
Concentration
| Top 5 holdings | 16.6% |
|---|
| Top 10 holdings | 27.7% |
|---|
| Total holdings | 81 |
|---|
| Index overlap | 37.9% |
|---|
| Active share | 62.1% |
|---|
Top holdings
- ICICI Bank Ltd. — 4.0%
- Avalon Technologies Limited — 3.4%
- HDFC Bank Ltd. — 3.4%
- Reliance Industries Ltd — 3.0%
- Shriram Finance Limited — 2.7%
- Eternal Limited — 2.3%
- Bharti Airtel Ltd. — 2.2%
- Larsen & Toubro Limited — 2.2%
- GE Vernova T&D India Limited — 2.2%
- Pearl Global Industries Limited — 2.2%
Top sectors
- Banking & Financial — 18.3%
- Automobile — 8.5%
- Electricals — 8.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 5.8% | Q1 (Top) | #12 of 52 |
| 2025 | 0.7% | Q4 (Bottom) | #40 of 51 |
| 2024 | 33.0% | Q1 (Top) | #3 of 51 |
| 2023 | 28.4% | Q3 | #25 of 48 |