HSBC ELSS Tax saver Fund is an ELSS fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹3,974 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 15.1% a year and its Regular plan returned 14.2% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹146.37
▼ 0.68% · 30-10-2026
NAV (Regular plan)
₹132.99
▼ 0.69% · 30-10-2026
Expense ratio
1.22%Direct2.00%Regular
1.22%
A year
Riskometer
Very High
Set by the fund house
3 year return
15.1%Direct14.2%Regular
15.1%
A year
HSBC ELSS Tax saver Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹146.37 (down 0.68% that day); Regular Plan Growth ₹132.99 (down 0.69% that day).
This fund (Direct plan)
₹146.367
HSBC ELSS Tax saver Fund Returns vs Nifty 500 TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−2.93%
−5.14%
+0.27%
−3.32%
+15.09%
--
--
This fund (Regular)
−2.99%
−5.33%
−0.12%
−4.06%
+14.21%
--
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
ELSS average
−2.34%
−5.61%
−1.63%
−5.75%
+10.92%
--
--
Best in ELSS
+1.27%
−1.66%
+5.11%
+2.97%
+19.52%
--
--
Worst in ELSS
−8.36%
−10.02%
−7.36%
−11.32%
+2.93%
--
--
Rank in ELSS
35/50
25/50
14/50
9/50
5/49
--
--
Category rows compare the Direct plans of 50 ELSS funds. Rank 1 is the highest return.
HSBC ELSS Tax saver Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
−1.82%
−2.44%
−7.51%
2025
+1.44%
+0.67%
+7.76%
2024
+34.01%
+32.99%
+16.24%
2023
+29.42%
+28.37%
+26.91%
HSBC ELSS Tax saver Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 226 periods, one for each trading day from 28-11-2025 to 30-10-2026.
0%5%10%15%20%25%
HSBC ELSS Tax saver Fund (Direct)
Nifty 500 TRI
Dec 2022 to Dec 2025Feb 2023 to Feb 2026Apr 2023 to Apr 2026Jun 2023 to Jun 2026Aug 2023 to Aug 2026Oct 2023 to Oct 2026
HSBC ELSS Tax saver Fund (Direct)Nifty 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
8%
5-10%
5%
49%
10-15%
73%
43%
15-20%
22%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
720
11.3%
−4.9%
54.8%
7%
8.5%
86%
2 years
474
21.5%
−0.4%
33.6%
1%
16.3%
100%
3 years
226
18.3%
14.0%
21.9%
0%
14.1%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
36
13.1%
−16.9%
61.3%
11%
10.1%
83%
2 years
24
12.7%
−4.3%
35.6%
4%
9.2%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.
HSBC ELSS Tax saver Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC ELSS Tax saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−3.32%
−7.34%
Standard deviation
16.10%
14.48%
Sharpe ratio
-0.53
-0.87
Sortino ratio
-0.72
-1.16
Maximum drawdown
−13.6%
(23-03-2026)
−14.7%
(30-03-2026)
Beta
1.07
1.00
Alpha
+4.95%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HSBC ELSS Tax saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+15.09%
+10.22%
Standard deviation
16.54%
14.30%
Sharpe ratio
0.55
0.29
Sortino ratio
0.74
0.40
Maximum drawdown
−19.2%
(28-02-2025)
−18.6%
(28-02-2025)
Beta
1.12
1.00
Alpha
+4.39%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HSBC ELSS Tax saver Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+14.25%
+9.73%
Standard deviation
15.26%
13.39%
Sharpe ratio
0.53
0.27
Sortino ratio
0.72
0.36
Maximum drawdown
−19.2%
(28-02-2025)
−18.6%
(28-02-2025)
Beta
1.10
1.00
Alpha
+4.18%
0.00%
From daily NAVs, 28-11-2022 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−20%−15%−10%−5%0%
HSBC ELSS Tax saver Fund (Direct)
Nifty 500 TRI
2023202420252026
HSBC ELSS Tax saver Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
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 the Direct plan's daily NAV since 28-11-2022, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
HSBC ELSS Tax saver Fund vs Other ELSS Funds
The five ELSS funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
HSBC ELSS Tax saver Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
ELSS median
Cost rank (1 = cheapest)
Direct
0.98%
0.02%
0.00%
0.22%
1.22%
1.11%
34/49
Regular
1.64%
0.02%
0.00%
0.34%
2.00%
1.96%
27/50
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the ELSS funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−4.06%
−3.32%
0.74%
₹95,940
₹96,680
3 years
14.21%
15.09%
0.88% a year
₹1,48,975
₹1,52,445
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
HSBC ELSS Tax saver Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planHSBC ELSS Tax saver Fund (Direct)
₹4,80,000
₹5,83,624
₹1,03,624
9.8%
Regular planHSBC ELSS Tax saver Fund (Regular)
₹4,80,000
₹5,73,505
₹93,505
8.9%
Nifty 500 TRI
₹4,80,000
₹5,36,859
₹56,859
5.6%
Category averageCategory average, 49 ELSS funds
₹4,80,000
₹5,52,303
₹72,303
7.0%
₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L
Direct planHSBC ELSS Tax saver Fund (Direct)
Regular planHSBC ELSS Tax saver Fund (Regular)
Nifty 500 TRI
Category averageCategory average, 49 ELSS funds
Amount invested
2023202420252026
Direct planHSBC ELSS Tax saver Fund (Direct)Regular planHSBC ELSS Tax saver Fund (Regular)Nifty 500 TRICategory averageCategory average, 49 ELSS fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.
HSBC ELSS Tax saver Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
99.3%Equity
Asset
Fund
Category
Equity
99.3%
96.3%
Cash and others
0.7%
3.1%
Market cap of stocks
Market cap
Fund
Category
Large Cap
47.2%
47.5%
Mid Cap
17.7%
18.4%
Small Cap
31.6%
29.4%
Not on AMFI's list
2.7%
1.2%
Share of the whole fund. Category: the average of the ELSS funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
HSBC ELSS Tax saver Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks15.5%
Electrical Equipment11.9%
IT - Software6.4%
Finance5.5%
Consumer Durables5.2%
Auto Components4.6%
Retailing4.5%
Construction3.9%
Automobiles3.6%
Pharmaceuticals & Biotechnology3.1%
The ten largest of 30 sectors. The other 20 add up to 35.0%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
15.7%
15.4%
15.5%
−0.2%
Electrical Equipment
10.6%
11.7%
11.9%
+1.3%
IT - Software
6.9%
6.7%
6.4%
−0.5%
Finance
6.4%
5.7%
5.5%
−0.9%
Consumer Durables
5.8%
5.2%
5.2%
−0.6%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
HSBC ELSS Tax saver Fund Portfolio Holdings
As on 30-09-2026 · 80 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
AVALON TECHNOLOGIES LIMITED
Electrical Equipment
4.51%
0.0%
ICICI Bank Limited
Banks
3.84%
0.0%
HDFC Bank Limited
Banks
3.34%
0.0%
Reliance Industries Limited
Petroleum Products
2.84%
0.0%
Pearl Global Industries Limited
Textiles & Apparels
2.79%
+100.0%
Eternal Limited
Retailing
2.54%
0.0%
Shriram Finance Limited
Finance
2.26%
0.0%
GE Vernova T&D India Limited
Electrical Equipment
2.22%
0.0%
Larsen & Toubro Limited
Construction
2.21%
0.0%
Karur Vysya Bank Limited
Banks
2.12%
0.0%
Bharti Airtel Limited
Telecom - Services
2.06%
0.0%
PNB Housing Finance Limited
Finance
2.04%
0.0%
Thangamayil Jewellery Limited
Consumer Durables
1.96%
0.0%
TVS Motor Company Limited
Automobiles
1.89%
0.0%
Jindal Steel Limited
Ferrous Metals
1.85%
0.0%
Axis Bank Limited
Banks
1.84%
0.0%
State Bank of India
Banks
1.83%
0.0%
Infosys Limited
IT - Software
1.79%
0.0%
Bharat Heavy Electricals Limited
Electrical Equipment
1.72%
0.0%
Engineers India Limited
Construction
1.66%
0.0%
Balrampur Chini Mills Limited
Agricultural Food & other Products
1.65%
0.0%
Schaeffler India Ltd
Auto Components
1.64%
0.0%
CRAFTSMAN AUTOMATION LIMITED
Auto Components
1.51%
0.0%
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
1.45%
0.0%
Pine Labs Limited
Financial Technology (Fintech)
1.45%
0.0%
Max Healthcare Institute Limited
Healthcare Services
1.44%
0.0%
Jindal Saw Ltd
Industrial Products
1.32%
0.0%
The Indian Hotels Company Limited
Leisure Services
1.29%
0.0%
RBL Bank Limited
Banks
1.28%
0.0%
Indian Bank
Banks
1.24%
0.0%
Cholamandalam Invest & Finance Co Ltd
Finance
1.23%
0.0%
PERSISTENT SYSTEMS LTD
IT - Software
1.19%
0.0%
Nippon Life India Asset Management Ltd
Capital Markets
1.12%
0.0%
UltraTech Cement Limited
Cement & Cement Products
1.09%
0.0%
Tech Mahindra Limited
IT - Software
1.03%
0.0%
NTPC Limited
Power
1.03%
0.0%
Trent Limited
Retailing
1.01%
0.0%
Tata Steel Limited
Ferrous Metals
1.01%
0.0%
CG Power And Industrial Solutions Ltd
Electrical Equipment
1.01%
0.0%
SAFARI INDUSTRIES (INDIA) LIMITED
Consumer Durables
0.98%
0.0%
Hero MotoCorp Limited
Automobiles
0.97%
0.0%
SWIGGY LIMITED
Retailing
0.97%
0.0%
JSW Energy Limited
Power
0.96%
0.0%
Lupin Limited
Pharmaceuticals & Biotechnology
0.95%
0.0%
Tata Consumer Products Limited
Agricultural Food & other Products
0.94%
0.0%
Amber Enterprises India Limited
Consumer Durables
0.94%
0.0%
Juniper Green Energy Limited
Power
0.91%
0.0%
ICICI Prudential AMC Ltd
Capital Markets
0.87%
0.0%
Lemon Tree Hotels Limited
Leisure Services
0.86%
0.0%
Bharat Electronics Limited
Aerospace & Defense
0.86%
0.0%
Diamond Power Infrastructure Limited
Electrical Equipment
0.81%
0.0%
Mahindra & Mahindra Limited
Automobiles
0.79%
0.0%
BIKAJI FOODS INTERNATIONAL LIMITED
Food Products
0.79%
0.0%
Coforge Limited
IT - Software
0.78%
0.0%
Exide Industries Limited
Auto Components
0.77%
0.0%
LTM Limited
IT - Software
0.76%
0.0%
Mankind Pharma Limited
Pharmaceuticals & Biotechnology
0.73%
0.0%
TRIVENI TURBINE LTD.
Electrical Equipment
0.72%
0.0%
Polycab India Limited
Industrial Products
0.71%
0.0%
Oil & Natural Gas Corporation Limited
Oil
0.71%
0.0%
UNO Minda Limited
Auto Components
0.70%
0.0%
Manipal Health Enterprises Limited
Healthcare Services
0.69%
0.0%
Century Plyboards (India) Limited
Consumer Durables
0.66%
0.0%
Sobha Limited
Realty
0.61%
0.0%
National Stock Exchange of India Limited
Capital Markets
0.61%
New
BLUE STAR LTD
Consumer Durables
0.61%
0.0%
Godrej Properties Limited
Realty
0.59%
0.0%
Doms Industries Limited
Household Products
0.58%
0.0%
MphasiS Limited
IT - Software
0.58%
0.0%
Hindustan Aeronautics Limited
Aerospace & Defense
0.55%
0.0%
KEI Industries Limited
Industrial Products
0.52%
0.0%
Gujarat Energy Limited
Gas
0.51%
0.0%
National Aluminium Company Limited
Non - Ferrous Metals
0.48%
0.0%
Siemens Limited
Electrical Equipment
0.47%
0.0%
Vinati Organics Limited
Chemicals & Petrochemicals
0.44%
0.0%
SBI Funds Management Ltd
Capital Markets
0.42%
0.0%
ABB India Limited
Electrical Equipment
0.40%
0.0%
Syngene International Limited
Healthcare Services
0.37%
0.0%
KPIT Technologies Limited
IT - Software
0.30%
0.0%
GSPL Transmission Limited
Gas
0.10%
0.0%
HSBC ELSS Tax saver Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Pearl Global Industries Limited
↑Added
+100.0%
2.79%
National Stock Exchange of India Limited
↑New
New
0.61%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
HSBC ELSS Tax saver Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.22%
Expense ratio (Regular)
2.00%
Category
ELSS
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
27-02-2006
Minimum investment
₹500
Minimum additional investment
₹500
AUM
₹3,973.53 Cr (30-09-2026)
Lock in
3 years
Scheme code (Direct)
151078
ISIN (Direct)
INF917K01GP0
Scheme code (Regular)
151076
ISIN (Regular)
INF677K01064
NAV history
From 28-11-2022, 3.9 years
Exit load
Nil
Tax on HSBC ELSS Tax saver Fund returns
HSBC ELSS Tax saver Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
Investing in it can be deducted from income under Section 80C, up to ₹1.5 lakh a year, in the old tax regime. Each investment is locked in for 3 years.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹146.367
30-10-2026
direct
IDCW Payout
₹37.8763
30-10-2026
regular
Growth
₹132.9901
30-10-2026
regular
IDCW Payout
₹25.6164
30-10-2026
About HSBC ELSS Tax saver Fund
HSBC ELSS Tax saver Fund is a mutual fund from HSBC Mutual Fund. Its category is ELSS. It was launched on 27-02-2006. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 80 securities.
Fund Manager
Abhishek Gupta
Fund manager of HSBC ELSS Tax saver Fund, since 01-03-2024
Mayank Chaturvedi
Fund manager of HSBC ELSS Tax saver Fund, since 01-10-2025
Dipan S. Parikh
Fund manager of HSBC ELSS Tax saver Fund, since 26-08-2026
Frequently Asked Questions for HSBC ELSS Tax saver Fund
What is the current NAV of HSBC ELSS Tax saver Fund?
The Direct plan NAV is ₹146.367. The Regular plan NAV is ₹132.9901, as on 30-10-2026.
What are the returns of HSBC ELSS Tax saver Fund?
The Direct plan returned −3.32% in 1 year, +15.09% a year over 3 years. The Regular plan returned −4.06% in 1 year, +14.21% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC ELSS Tax saver Fund?
The Direct plan charges 1.22% a year. The Regular plan charges 2.00% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of HSBC ELSS Tax saver Fund?
HSBC ELSS Tax saver Fund managed ₹3,973.53 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC ELSS Tax saver Fund?
At the end of September 2026 the largest holdings were AVALON (4.51%), ICICIBANK (3.84%), HDFCBANK (3.34%), RELIANCE (2.84%), PGIL (2.79%). The fund held 80 securities in all.
What did HSBC ELSS Tax saver Fund buy and sell in September 2026?
It bought 1 new stock: National Stock Exchange of India Limited. It added shares in 1.
How do I invest in HSBC ELSS Tax saver Fund?
Through HSBC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹500. You can invest once or through a monthly SIP.
Who is the fund manager of HSBC ELSS Tax saver Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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