Fundalysisby DARKHORSESTOCKS

Scheme

HSBC ELSS Tax saver Fund

Holds 80 companies worth ₹3,944 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹3,974 CrHSBC ELSS Tax saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.0% on Aug 2026, ₹4,229 Cr.

  • Largest holding

    Avalon Technologies LimitedAvalon Technologies Limited is 4.5% of this scheme's NAV.

  • Fund manager

    Abhishek GuptaRuns it since 1 Mar 2024, as the fund house dates it. With Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers3

  1. Abhishek GuptaFund manager · Mar 2024 · 21y · CFA PGDM B.Com
  2. Mayank ChaturvediOverseas · Oct 2025
  3. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaJul 2021 – Sept 2026
  2. Gautam BhupalNov 2022 – Jun 2025

Key facts

Benchmark
Nifty 500 TRI
Risk
Very High
Expense
Regular 1.98% · Direct 1.2%
Exit load
Nil
Started
27 Feb 2006
Minimum
₹500

Source.Its Scheme Summary Document as of 16 Sept 2026 at AMFI.

What changed(14 changes)

Sept 2026

3 changes
  1. Mayank Chaturvedi joined
    16 Septfor overseas investments
  2. Dipan Parikh joined
    16 Septfor gold and silver
  3. Sonal Gupta left
    16 Septran it for overseas investments from Jul 2021

Apr 2026

1 change
  1. Expense ratio
    9 AprRegular 1.92% → 1.94%Direct 1.17% → 1.16%

Jan 2026

1 change
  1. Expense ratio
    13 JanRegular 1.9% → 1.92%Direct 1.15% → 1.17%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Jul 2021 – now)

  1. Abhishek Gupta
  2. Mayank Chaturvedi
  3. Dipan Parikh
  4. Sonal Gupta
  5. Gautam Bhupal
MainCoSlice20222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Sept 2026)

Every change to the expense ratio, newest first.
11 changesRegularDirectΔ pt
9 Apr 20261.94%1.16%0.01
13 Jan 20261.92%1.17%0.02
11 Nov 20251.90%1.15%0.01
9 Aug 20251.91%1.16%0.03
7 Jul 20251.90%1.13%0.01
6 Jun 20251.91%1.14%0.01
1 Apr 20251.92%1.13%0.01
10 Feb 20251.91%1.12%0.02
12 Nov 20241.89%1.10%0.01
8 Oct 20241.88%1.09%0.01
16 Sept 20241.89%1.10%–
Direct plan, 9 Apr 2026
1.16%
Regular plan 1.94% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(16 Sept 2026)

Objective

The investment objective of the Scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns. For defensive considerations and/or managing liquidity, the Scheme may also invest in money market instruments.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance
Benchmark
Nifty 500 TRI

Asset allocation it may hold% of NAV

  1. Equity and equity related securities
    Allowed80–100%Holds99.3%
  2. Money market instruments and other liquid instruments
    Allowed0–20%Holds0.7%
  3. Units issued by InvITs
    Allowed0–10%Holds0.0%
  4. Units of Gold and Silver ETFs
    Allowed0–20%

Holds in Sept 2026.99.3% equity · 0.7% debt and cash

How to invest(16 Sept 2026)

Buying

To start
₹500, then in multiples of ₹500
To add
₹500, then in multiples of ₹500
Systematic
SIP - Weekly, Monthly, Quarterly; SWP - Monthly, Quarterly, Half Year, Annual; STP - Daily (Business Days), Weekly, Fortnightly, Monthly, Quarterly
Dates
SIP - Weekly (Any Day from Monday to Friday); Other than weekly (Any Date); STP and SWP - Any Dates
Minimum
SIP - 500 Weekly 6; 500 Monthly 6; 500 Quarterly 6 ; Minimum Aggregate Amount: Rs. 3,000/- in multiples of Rs.500.SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000., then sIP- Rs. 500 STP-Re. 500 SWP-Re. 1
Instalments
SIP - Weekly 6; Monthly 6; Quarterly 6 SWP - 12 STP - 6

Selling and switching

To redeem
₹500 or 50 units
Switch minimum
₹5,000

Scheme details(16 Sept 2026)

What it is

Category
Open Ended-Equity -ELSS
Offer
5 Jan 2006 to 31 Jan 2006
Started
27 Feb 2006
Reopened
1 Mar 2006
Plans
HSBC ELSS Fund - Direct Growth · HSBC ELSS Fund - Direct IDCW Payout · HSBC ELSS Fund - Regular Growth · HSBC ELSS Fund - Regular IDCW Payout
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank Limited
Auditor
M/s. Price Waterhouse, Chartered Accountants LLP
Registrar
Computer Age Management Services Limited
SEBI code
LTMF/O/E/ELS/05/09/0009