HSBC ELSS Tax saver Fund - Direct Plan - IDCW Payout
To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.There is no assurance that the investment objective of the scheme will be realized.
AMC websiteScheme documentsNAV history (AMFI)
- Current NAV₹39.0241
- Fund Size (AUM)₹ 3,974 Cr.
- Expense Ratio1.22 %
- 1Y Return-7.44%
- 3Y Return (CAGR)+3.67%
- 5Y Return (CAGR)—
- Category Rank (3Y)—
- RiskometerVery High Risk
- Min. SIP / Lump sum₹ 500 / ₹ 500
More figures (11)
- Since Launch (CAGR)+4.60%
- BenchmarkNifty 500
- Volatility (3Y)18.32 %
- Sharpe Ratio (3Y)-0.15
- Beta (3Y)1.12
- 52-week High / Low₹42.7012 / ₹34.0276
- Max Drawdown-28.3 %
- Launched1 Jan 2013
- Lock-in0 years
- Portfolio Turnover14 %
- Fund ManagersAbhishek Gupta, Mayank Chaturvedi
Performance chart
Benchmark: Nifty 500 price index (excludes dividends, so it slightly understates the index's total return). Past performance may or may not be sustained in future.
Quick take
- Over 3 years it returned 3.7% a year, against Nifty 500 8.6%.
- Volatility over 3 years was 18.3% a year (Nifty 500: 14.5%), with a Sharpe ratio of -0.15.
- Its biggest fall from a peak was 28.3% (24 Sep 2024 to 31 Mar 2026).
- It did better than the Nifty 500 in 1 of the last 3 calendar years.
- Across all 3-year periods since launch, yearly returns ranged from 3.2% to 9.1% and were positive 100% of the time.
- Expense ratio 1.22%, fund size ₹3,974 crore.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +1.02% | -1.24% | -1.80% | +3.43% | -3.29% | -7.44% | -8.84% | +3.67% | — | — | — | +4.60% |
| Nifty 500 | +1.84% | -1.16% | -4.14% | -1.70% | -6.71% | -5.49% | -3.01% | +8.59% | +7.14% | +13.32% | +11.51% | +11.96% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in ELSS Tax Saver Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| This fund | -3.29% | -7.32% | +19.13% | +14.28% |
| Nifty 500 | -6.71% | +6.69% | +15.16% | +25.76% |
| Difference | +3.42% | -14.01% | +3.97% | -11.48% |
January to December each year; the current year is to date.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 18.32% | 17.07% |
| Nifty 500 volatility ? | 14.52% | 13.58% |
| Sharpe ratio ? | -0.15 | — |
| Sortino ratio ? | -0.20 | — |
| Beta ? | 1.12 | 1.10 |
| Alpha (yearly) ? | -5.16% | — |
| R-squared ? | 0.78 | 0.77 |
| Up-market capture ? | 86.80% | 81.20% |
| Down-market capture ? | 105.90% | 96.10% |
| Maximum drawdown | -28.33% | -28.33% |
Rolling 3-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR | Nifty 500 XIRR |
|---|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,18,263 | ₹-1,737 | -2.66% | -6.28% |
| 3Y | ₹3,60,000 | ₹3,51,517 | ₹-8,483 | -1.54% | +1.15% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
Compare with all ELSS Tax Saver Funds (38)
Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).
Scheme details
- Investment objective
- To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.There is no assurance that the investment objective of the scheme will be realized.
- Fund managers
- Abhishek Gupta, Mayank Chaturvedi
- Fund house
- HSBC Mutual Fund
- Category
- ELSS Tax Saver Funds · Equity
- Benchmark used here
- Nifty 500 (price index)
- Plan / option
- Direct · IDCW (income distribution)
- AMFI scheme code
- 151079
- ISIN
- INF917K01GO3
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About ELSS Tax Saver Funds
ELSS Tax Saver Funds invest at least 80% in equity and come with a 3-year lock-in. Investments can qualify for a tax deduction of up to ₹1.5 lakh a year under the old tax regime; there is no such deduction under the new regime.
Generally used by taxpayers on the old regime who want equity exposure and can stay invested 3+ years.
Other plans of this scheme
Questions about this scheme
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