Aditya Birla Sun Life ELSS Tax Saver Fund vs HSBC ELSS Tax saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life ELSS Tax Saver Fund and HSBC ELSS Tax saver Fund are both ELSS funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life ELSS Tax Saver Fund (Direct) returned 10.7% a year and HSBC ELSS Tax saver Fund (Direct) returned 15.1% a year. Aditya Birla Sun Life ELSS Tax Saver Fund charges 1.07% a year and HSBC ELSS Tax saver Fund 1.22% (Direct plans). Their portfolios overlap 30.1%: they hold 18 of the same securities.
Aditya Birla Sun Life ELSS Tax Saver Fund
ELSS
- 3 year return
- 10.7%
- Expense ratio
- 1.07%
- NAV
- ₹65.14
HSBC ELSS Tax saver Fund
ELSS
- 3 year return
- 15.1%
- Expense ratio
- 1.22%
- NAV
- ₹146.37
Which is better, Aditya Birla Sun Life ELSS Tax Saver or HSBC ELSS Tax saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC ELSS Tax saver returned more over 3 years: 15.1% a year against 10.7%.
- HSBC ELSS Tax saver returned more over 1 year: −3.3% against −7.5%.
- Aditya Birla Sun Life ELSS Tax Saver costs less: 1.07% a year against 1.22% (Direct plans).
- Aditya Birla Sun Life ELSS Tax Saver swung less over 3 years: a standard deviation of 13.4% a year against 16.5%.
- Aditya Birla Sun Life ELSS Tax Saver fell less in its worst fall since 28-11-2022: −18.3% against −19.2%.
- Aditya Birla Sun Life ELSS Tax Saver holds more in large companies: 61.0% of the fund in large caps against 47.2%.
- Aditya Birla Sun Life ELSS Tax Saver is the larger fund: ₹13,559 Cr against ₹3,974 Cr.
- Their portfolios overlap 30.1%: 18 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life ELSS Tax Saver Fund | HSBC ELSS Tax saver Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | HSBC Mutual Fund |
| Category | ELSS | ELSS |
| AUM | ₹13,559 Cr (30-09-2026) | ₹3,974 Cr (30-09-2026) |
| NAV | ₹65.14 (Direct) | ₹146.37 (Direct) |
| Expense ratio (Direct) | 1.07% | 1.22% |
| Expense ratio (Regular) | 1.77% | 2.00% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 29-03-1996 | 27-02-2006 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | 3 years |
| Fund managers | Dhaval Shah | Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Nil | Nil |
Aditya Birla Sun Life ELSS Tax Saver vs HSBC ELSS Tax saver: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life ELSS Tax Saver Fund (Direct) | −0.87% | −6.66% | −3.05% | −7.46% | +10.68% | +7.27% | +9.94% |
| HSBC ELSS Tax saver Fund (Direct) | −2.93% | −5.14% | +0.27% | −3.32% | +15.09% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | -- | -- |
Category average: the average of the 50 ELSS funds, same plan type.
Aditya Birla Sun Life ELSS Tax Saver vs HSBC ELSS Tax saver: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life ELSS Tax Saver | HSBCHSBC ELSS Tax saver | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −6.72% | −1.82% | −7.51% |
| 2025 | +10.11% | +1.44% | +7.76% |
| 2024 | +17.25% | +34.01% | +16.24% |
| 2023 | +19.85% | +29.42% | +26.91% |
| 2022 | −0.64% | -- | +4.25% |
| 2021 | +13.64% | -- | +31.60% |
Aditya Birla Sun Life ELSS Tax Saver vs HSBC ELSS Tax saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 227 of them, one for each trading day from 28-11-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life ELSS Tax Saver Fund (Direct)
HSBC ELSS Tax saver Fund (Direct)
Nifty 500 TRI
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life ELSS Tax Saver | 0.0 | 0.0 | 8.8 | 54.2 | 37.0 | 0.0 | 0.0 | 14.0% | 14.3% | 9.0% | 17.4% | 59% |
| HSBC ELSS Tax saver | 0.0 | 0.0 | 0.0 | 5.3 | 72.6 | 22.1 | 0.0 | 18.3% | 18.3% | 14.0% | 21.9% | 100% |
| Nifty 500 TRI | 0.0 | 0.0 | 8.4 | 48.9 | 42.7 | 0.0 | 0.0 | 14.1% | 14.1% | 8.8% | 18.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 28-11-2022. Past returns do not promise future returns.
Aditya Birla Sun Life ELSS Tax Saver vs HSBC ELSS Tax saver: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life ELSS Tax SaverAditya Birla Sun Life ELSS Tax Saver Fund (Direct) | ₹4,80,000 | ₹5,42,069 | ₹62,069 | 6.0% |
| HSBC ELSS Tax saverHSBC ELSS Tax saver Fund (Direct) | ₹4,80,000 | ₹5,83,624 | ₹1,03,624 | 9.8% |
Aditya Birla Sun Life ELSS Tax SaverAditya Birla Sun Life ELSS Tax Saver Fund (Direct)
HSBC ELSS Tax saverHSBC ELSS Tax saver Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life ELSS Tax Saver vs HSBC ELSS Tax saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life ELSS Tax Saver Fund (Direct) | HSBC ELSS Tax saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.46% | −3.32% |
| Standard deviation | 13.82% | 16.10% |
| Sharpe ratio | -0.92 | -0.53 |
| Sortino ratio | -1.23 | -0.72 |
| Maximum drawdown | −13.8% (30-03-2026) | −13.6% (23-03-2026) |
| Beta | 0.95 | 1.07 |
| Alpha | −0.81% | +4.95% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life ELSS Tax Saver Fund (Direct) | HSBC ELSS Tax saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.68% | +15.09% |
| Standard deviation | 13.39% | 16.54% |
| Sharpe ratio | 0.35 | 0.55 |
| Sortino ratio | 0.47 | 0.74 |
| Maximum drawdown | −18.3% (28-02-2025) | −19.2% (28-02-2025) |
| Beta | 0.92 | 1.12 |
| Alpha | +0.79% | +4.39% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life ELSS Tax Saver Fund (Direct) | HSBC ELSS Tax saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.99% | +14.25% |
| Standard deviation | 14.46% | 15.26% |
| Sharpe ratio | 0.48 | 0.53 |
| Sortino ratio | 0.65 | 0.72 |
| Maximum drawdown | −35.1% (23-03-2020) | −19.2% (28-02-2025) |
| Beta | 0.88 | 1.10 |
| Alpha | +1.03% | +4.18% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life ELSS Tax Saver Fund (Direct)
HSBC ELSS Tax saver Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life ELSS Tax Saver Fund (Direct) | −18.3% | 26-09-2024 | 28-02-2025 | 20-10-2025 | 8 months | −8.4% |
| HSBC ELSS Tax saver Fund (Direct) | −19.2% | 16-12-2024 | 28-02-2025 | 18-06-2026 | 16 months | −8.4% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 28-11-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life ELSS Tax Saver Fund (Direct)
HSBC ELSS Tax saver Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life ELSS Tax Saver Fund (Direct)
HSBC ELSS Tax saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life ELSS Tax Saver Fund (Direct) | 95% | 94% | 2.46% |
| HSBC ELSS Tax saver Fund (Direct) | 114% | 95% | 5.17% |
From month-end values since 28-11-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life ELSS Tax Saver vs HSBC ELSS Tax saver: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life ELSS Tax Saver Fund, September 2026; HSBC ELSS Tax saver Fund, September 2026
Holdings in common
- Overlap
- 30.1%
- Held by both
- 18
- Only in Aditya Birla Sun Life ELSS Tax Saver
- 45
- Only in HSBC ELSS Tax saver
- 62
| Security | % of Aditya Birla Sun Life ELSS Tax Saver | % of HSBC ELSS Tax saver |
|---|---|---|
| ICICI Bank Ltd. | 7.55% | 3.84% |
| HDFC Bank Ltd. | 6.30% | 3.34% |
| Reliance Industries Ltd. | 3.73% | 2.84% |
| Eternal Ltd. | 3.31% | 2.54% |
| Bharti Airtel Ltd. | 2.80% | 2.06% |
| Larsen & Toubro Ltd. | 1.97% | 2.21% |
| Axis Bank Ltd. | 3.85% | 1.84% |
| State Bank of India | 3.43% | 1.83% |
| Infosys Ltd. | 1.82% | 1.79% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.61% | 1.23% |
| Balrampur Chini Mills Ltd. | 1.23% | 1.65% |
| Tech Mahindra Ltd. | 2.59% | 1.03% |
| NTPC Ltd. | 1.35% | 1.03% |
| Persistent Systems Ltd. | 0.86% | 1.19% |
| Mahindra & Mahindra Ltd. | 2.75% | 0.79% |
| Mankind Pharma Ltd. | 0.73% | 0.73% |
| Nippon Life India Asset Management Ltd. | 0.72% | 1.12% |
| Vinati Organics Ltd. | 0.67% | 0.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.1% means 30.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| The Federal Bank Ltd. | 2.87% |
| Hindalco Industries Ltd. | 2.31% |
| TVS Holdings Ltd. | 2.00% |
| Emcure Pharmaceuticals Ltd. | 1.93% |
| Varun Beverages Ltd. | 1.93% |
Largest holdings only in HSBC ELSS Tax saver Fund
| Security | % of fund |
|---|---|
| AVALON TECHNOLOGIES LIMITED | 4.51% |
| Pearl Global Industries Limited | 2.79% |
| Shriram Finance Limited | 2.26% |
| GE Vernova T&D India Limited | 2.22% |
| Karur Vysya Bank Limited | 2.12% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life ELSS Tax Saver | HSBC ELSS Tax saver |
|---|---|---|
| Equity | 98.6% | 99.3% |
| Debt | 0.1% | 0.0% |
| Cash and others | 1.3% | 0.7% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life ELSS Tax Saver | HSBC ELSS Tax saver |
|---|---|---|
| Large Cap | 61.0% | 47.2% |
| Mid Cap | 15.8% | 17.7% |
| Small Cap | 21.9% | 31.6% |
| Not on AMFI's list | 0.0% | 2.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life ELSS Tax Saver | HSBC ELSS Tax saver |
|---|---|---|
| Banks | 24.0% | 15.5% |
| Electrical Equipment | 0.5% | 11.9% |
| Finance | 8.9% | 5.5% |
| Retailing | 6.6% | 4.5% |
| IT - Software | 5.3% | 6.4% |
| Consumer Durables | 3.7% | 5.2% |
| Pharmaceuticals & Biotechnology | 4.7% | 3.1% |
| Auto Components | 2.2% | 4.6% |
| Petroleum Products | 3.7% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life ELSS Tax Saver vs HSBC ELSS Tax saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life ELSS Tax Saver Fund | HSBC ELSS Tax saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 1.22% |
| Base expense ratio (Direct) | 0.85% | 0.98% |
| Total expense ratio (Regular) | 1.77% | 2.00% |
| Base expense ratio (Regular) | 1.46% | 1.64% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life ELSS Tax Saver with
Aditya Birla Sun Life ELSS Tax Saver Fund vs HSBC ELSS Tax saver Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life ELSS Tax Saver Fund and HSBC ELSS Tax saver Fund?
Both are ELSS funds, run by Aditya Birla Sun Life Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 30.1%. Aditya Birla Sun Life ELSS Tax Saver Fund charges 1.07% a year and HSBC ELSS Tax saver Fund 1.22%.
Which has given higher returns, Aditya Birla Sun Life ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
Over 1 year: Aditya Birla Sun Life ELSS Tax Saver Fund −7.46%, HSBC ELSS Tax saver Fund −3.32%. Over 3 years: Aditya Birla Sun Life ELSS Tax Saver Fund +10.68% a year, HSBC ELSS Tax saver Fund +15.09% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
Aditya Birla Sun Life ELSS Tax Saver Fund charges less: 1.07% a year against 1.22%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life ELSS Tax Saver Fund and HSBC ELSS Tax saver Fund overlap?
30.1%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
On SEBI's riskometer, Aditya Birla Sun Life ELSS Tax Saver Fund is rated Very High and HSBC ELSS Tax saver Fund Very High. Over 3 years, the standard deviation of daily returns was 13.39% and 16.54% a year.
Which is better for SIP, Aditya Birla Sun Life ELSS Tax Saver Fund or HSBC ELSS Tax saver Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,83,965 in Aditya Birla Sun Life ELSS Tax Saver Fund (XIRR 2.4% a year) and ₹4,01,552 in HSBC ELSS Tax saver Fund (XIRR 5.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life ELSS Tax Saver Fund and HSBC ELSS Tax saver Fund?
Yes. 30.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life ELSS Tax Saver Fund and HSBC ELSS Tax saver Fund?
Aditya Birla Sun Life ELSS Tax Saver Fund: Dhaval Shah. HSBC ELSS Tax saver Fund: Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.