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: 5/5 — ranked #5 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹130.00 (as of 2026-10-23) |
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| AUM | ₹3,974 Cr |
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| Expense ratio | 1.63% |
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| Riskometer | Very High |
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| Fund manager | Abhishek Gupta |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.54 |
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| Standard deviation | 16.90% |
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| Max drawdown | −19.34% |
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| Alpha | 4.61 |
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| Beta | 1.03 |
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Over 5 years, captured 112.4% of Nifty 500's upside and 93.3% of its downside.
Market cap allocation
| Large cap | 47.5% |
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| Mid cap | 17.9% |
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| Small cap | 34.6% |
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Concentration
| Top 5 holdings | 17.3% |
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| Top 10 holdings | 28.7% |
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| Total holdings | 80 |
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| Index overlap | 36.3% |
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| Active share | 63.7% |
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Top holdings
- Avalon Technologies Limited — 4.5%
- ICICI Bank Ltd. — 3.8%
- HDFC Bank Ltd. — 3.3%
- Reliance Industries Ltd — 2.8%
- Pearl Global Industries Limited — 2.8%
- Eternal Limited — 2.5%
- Shriram Finance Limited — 2.3%
- GE Vernova T&D India Limited — 2.2%
- Larsen & Toubro Limited — 2.2%
- Karur Vysya Bank Ltd. — 2.1%
Top sectors
- Banking & Financial — 18.5%
- Electricals — 11.9%
- Automobile — 8.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −4.6% | 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 |