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
₹90.59
0.48%
NAV as on 19 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 19 Nov 24, 12:00 AM
very high risk
elss (tax savings)
elss
36.93%p.a.
Last 1Y
16.23%p.a.
Last 3Y
19.23%p.a.
Last 5Y
13.34%p.a.
Since Inception
About HSBC Tax Saver Equity Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Tax Saver Equity Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Jan 2007, HSBC Tax Saver Equity Fund Growth is ELSS (Tax Savings) fund of its category with 260.63 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- HSBC Tax Saver Equity Fund Growth delivered 36.9% annual returns during the last year. It has delivered 13.3% average annual returns since the fund was launched.
- HSBC Tax Saver Equity Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
To provide a reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 1 year to 3 years. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 10 Holdings
ICICI Bank Ltd
6.10%
Infosys Ltd
5.91%
Dixon Technologies (India) Ltd
4.77%
HDFC Bank Ltd
4.61%
Reliance Industries Ltd
4.26%
Multi Commodity Exchange of India Ltd
4.02%
KEI Industries Ltd
3.35%
Prudent Corporate Advisory Services Ltd
3.13%
Larsen & Toubro Ltd
3.05%
PB Fintech Ltd
2.91%
Fund Managers
- Gautam Bhupal (Jul 2019 - Present)
- Sonal Gupta (Sep 2024 - Present)
Key Information
View Scheme Document
HSBC Tax Saver Equity Fund Growth SIP Calculator
If invested
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 Tax Saver Equity Fund 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 Tax Saver Equity Fund 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 Tax Saver Equity Fund 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
Funds
3Y Return
Axis ELSS Tax Saver Fund Growth
very high risk | elss
6.0%
SBI Long Term Equity Fund Growth
very high risk | elss
22.2%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
very high risk | elss
12.7%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved