Name of the Fund: HSBC equity tax saver (G)
Ranked #3 by CRISIL
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.
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.