NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹32.47
0.79%
NAV as on 19 Nov 24, 12:00 AM
moderately high risk
equity savings
equity
NAV as on 19 Nov 24, 12:00 AM
moderately high risk
equity savings
equity
21.53%p.a.
Last 1Y
12.27%p.a.
Last 3Y
12.92%p.a.
Last 5Y
9.45%p.a.
Since Inception
About HSBC Equity Savings Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Equity Savings Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Oct 2011, HSBC Equity Savings Growth is Equity Savings fund of its category with 548.49 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- HSBC Equity Savings Growth delivered 21.5% annual returns during the last year. It has delivered 9.4% average annual returns since the fund was launched.
- HSBC Equity Savings Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.There is no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
4.46%
Transformers & Rectifiers (India) Ltd
4.07%
City Union Bank Ltd
3.64%
Trent Ltd
3.12%
State Bank of India
2.95%
Zomato Ltd
2.86%
7.38% Govt Stock 2027
2.85%
7.04% Govt Stock 2029
2.84%
Reliance Industries Ltd
2.78%
5.22% Govt Stock 2025
2.76%
Fund Managers
- Kapil Punjabi (May 2024 - Present)
- Mahesh Chhabria (Jul 2023 - Present)
- Praveen Ayathan (Oct 2023 - Present)
- Cheenu Gupta (Jul 2021 - Present)
- Sonal Gupta (Oct 2023 - Present)
- Abhishek Gupta (Apr 2024 - Present)
- Hitesh Gondhia (Oct 2023 - Present)
Key Information
View Scheme Document
HSBC Equity Savings Growth SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on HSBC Equity Savings Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HSBC Equity Savings Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HSBC Equity Savings Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
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3Y Return
SBI Equity Savings Growth
moderately high risk | equity
9.6%
HDFC Equity Savings Fund Growth
moderately high risk | hybrid (nc)
9.5%
Mirae Asset Equity Savings Fund Growth
moderately high risk | equity
9.0%
Frequently Asked Questions
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