Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
HSBC Tax Saver Equity Fund - Direct Plan
|
Very High
|
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1.60 |
|||
Very High
|
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0.93 |
||||
Very High
|
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0.71 |
||||
Very High
|
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1.09 |
||||
Very High
|
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0.71 |
₹250 Cr
--
500
1
500
12
Investment Strategy
The scheme aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of companies across various sectors and industries, with no capitalisation bias.
Suitability
"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Capital Gains Taxation
Dividend Taxation
Mutual funds can be bought directly from the website of the fund house. For instance, HSBC Tax Saver Equity Fund - Direct Plan fund can be purchased from the website of HSBC Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of HSBC Tax Saver Equity Fund - Direct Plan is ₹96.2653 as of 14-Aug-2024.
The AUM of HSBC Tax Saver Equity Fund - Direct Plan Fund is ₹250 Cr as of 31-Jul-2024
The riskometer level of HSBC Tax Saver Equity Fund - Direct Plan is Very High. See More
Company | Percentage of Portfolio |
---|---|
6.13
|
|
6.06
|
|
4.52
|
|
4.48
|
|
4.36
|
As of 31-Jul-2024, HSBC Tax Saver Equity Fund - Direct Plan had invested 98.68% in Equity and 1.32% in Cash & Cash Eq. See More
HSBC Tax Saver Equity Fund - Direct Plan is 11 years 7 months old. It has delivered 16.04% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
39.65%
|
19.10%
|
21.66%
|
15.16%
|
15.36%
|
16.04%
|
Yes, There is lock in period in HSBC Tax Saver Equity Fund - Direct Plan.
The expense ratio of HSBC Tax Saver Equity Fund - Direct Plan is 1.60.