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Useful articles for your finance management by our team of experts

Mutual Fund Review – HSBC Equity Tax Saver

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Name of the Fund: HSBC equity tax saver (G)

Ranked #3 by CRISIL

Category: ELSS

Expense Ratio: 2.8%

Risk Level: Medium

Benchmark: S&P BSE 200

Objective:  Aims to provide long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments of companies across various sectors and industries, with no capitalization bias. The Fund may also invest in fixed income securities.

Returns (Annualized)

1-Year3-Year5-Year
22.63%9.69%19.64%

Our Review

HSBC equity tax saver fund has made its inception in the year 2007. Since launch, it has delivered returns of 9.65% annualized. It has also consistently beaten its benchmark as well as category average.

Top holdings of the fund include ICIC bank, Shree Cements, HDFC bank, ITC and Infosys. The fund has given consistent rteturns for its investors since the past 5 years. This, combined with tax saving that it provides makes it a great pick.

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