NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

HSBC Equity Savings Growth for NRI [32.42]

Min Investment

5,000

Fund Size

477.96 Cr

Expense Ratio

1.5%

Exit Load

0.5%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

32.42

-0.53%

NAV as on 12 Nov 24, 12:00 AM

moderately high risk

equity savings

equity

NAV as on 12 Nov 24, 12:00 AM

moderately high risk

equity savings

equity

22.87%p.a.

Last 1Y

12.19%p.a.

Last 3Y

12.90%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 477.96 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 22.9% 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

5.10%

Future on HDFC Bank Ltd

5.10%

Trent Ltd

3.80%

Zomato Ltd

3.72%

Canara Bank

3.36%

Future on Canara Bank

3.36%

Suzlon Energy Ltd

3.35%

7.38% Govt Stock 2027

3.26%

Steel Authority Of India Ltd

3.25%

Future on Steel Authority Of India Ltd

3.25%

Fund Managers

  1. Kapil Punjabi (May 2024 - Present)
  2. Mahesh Chhabria (Jul 2023 - Present)
  3. Praveen Ayathan (Oct 2023 - Present)
  4. Cheenu Gupta (Jul 2021 - Present)
  5. Sonal Gupta (Oct 2023 - Present)
  6. Abhishek Gupta (Apr 2024 - Present)
  7. Hitesh Gondhia (Oct 2023 - Present)

Key Information

View Scheme Document

HSBC Equity Savings Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

Frequently Asked Questions