HealthyDirect · GrowthFit for a long SIP
HSBC ELSS Tax saver Fund
HSBC Mutual FundEquity Schemes - ELSS- Tax Saver Fund3.9 years
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
- NAV
- 147.3744
- 29 Oct 2026
- 1Y
- -2.9%
- Trailing CAGR
- Upside capture
- +114%
- Vs NIFTY 500 TRI
- Downside capture
- +94%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
3.9 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.21% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -19.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Mayank Chaturvedi · 1.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 28.7% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 19%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-2.9%
- 3Y+15.4%
- 5Yn/a
- 10Yn/a
- SI+14.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-1.0%
- 3Y+5.5%
- 5Yn/a
- 10Yn/a
- Since inception
- +14.5%
- Calendar-day CAGR
- Excess 1Y
- +2.8%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 89
- Vs comparable share classes
- SIP 3Y XIRR
- +5.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +14.0%
- 227 daily-ending windows
- Median rolling 3Y
- +18.3%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +4.6%
- Fund minus TRI
- 3Y excess
- +5.0%
- Fund minus TRI
- Upside capture
- +114%
- Benchmark-up months
- Downside capture
- +94%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -19.2%
- Worst peak-to-trough
- Current
- -7.7%
- Below last peak
- Current spell
- 59 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 54 recovered episodes
- Longest recovery
- 475 days
- Trough to prior peak
16 Dec 2024 – 18 Jun 2026
Trough 28 Feb 2025 · recovered in 475 days
-19.2%
31 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-10.4%
24 Sept 2024 – 11 Dec 2024
Trough 13 Nov 2024 · recovered in 28 days
-8.9%
3 Jun 2024 – 11 Jun 2024
Trough 4 Jun 2024 · recovered in 7 days
-7.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
90
Vs category
68
Consistency
93
Risk-adjusted
54
Drawdown
52
Mean
71
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 81 holdings · top 10 are 28.7%.
- Top 5
- 17.3%
- Top 10
- 28.7%
- Largest holding
- 4.5%
- Effective holdings
- 56.9
Avalon Technologies Ltd.
Industrials
4.5%
ICICI Bank Ltd
Financial
3.8%
HDFC Bank Ltd
Financial
3.3%
Reliance Industries Ltd
Energy & Utilities
2.8%
Pearl Global Industries Ltd
Consumer Discretionary
2.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.1%
- 3Y
- +15.8%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.79
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Bajaj Finserv ELSS - Tax Saver Fund
Bajaj Finserv Mutual Fund
- 1Y
- -3.7%
- 3Y
- n/a
- Vol
- 13.1%
- Max DD
- -13.5%
- Sharpe
- 0.13
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Axis ELSS- Tax Saver Fund
Axis Mutual Fund
- 1Y
- -5.1%
- 3Y
- +10.7%
- Vol
- 15.2%
- Max DD
- -33.5%
- Sharpe
- 0.64
- 3Y win
- +49%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns
Mahindra Manulife ELSS Tax Saver Fund
Mahindra Manulife Mutual Fund
- 1Y
- -10.4%
- 3Y
- +8.1%
- Vol
- 15.1%
- Max DD
- -35.9%
- Sharpe
- 0.44
- 3Y win
- +38%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns
NJ ELSS Tax Saver Fund
NJ Mutual Fund
- 1Y
- -6.5%
- 3Y
- +8.4%
- Vol
- 13.8%
- Max DD
- -22.8%
- Sharpe
- 0.37
- 3Y win
- 0%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns