Question 1

Which funds are similar to HSBC ELSS Tax Saver Fund Direct-Growth?

Accepted Answer

Funds similar to HSBC ELSS Tax Saver Fund Direct-Growth in the Equity: ELSS category include Axis ELSS Tax Saver Direct Plan-Growth, SBI ELSS Tax Saver Fund Direct-Growth, and Mirae Asset ELSS Tax Saver Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of HSBC ELSS Tax Saver Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis HSBC ELSS Tax Saver Fund Direct-Growth is ranked 6 out of 38 funds in the Equity: ELSS category as of 16 Jul 2026. On a 5-year return basis it ranks 7 out of 33. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does HSBC ELSS Tax Saver Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

HSBC ELSS Tax Saver Fund Direct-Growth has an expense ratio of 1.21%. The peers Axis ELSS Tax Saver Direct Plan-Growth has an expense ratio of 1.05% and SBI ELSS Tax Saver Fund Direct-Growth has 1.23%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does HSBC ELSS Tax Saver Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

HSBC ELSS Tax Saver Fund Direct-Growth has an AUM of ₹4,080.58 crore. The peers Axis ELSS Tax Saver Direct Plan-Growth has an AUM of ₹31,869.3 crore and SBI ELSS Tax Saver Fund Direct-Growth has ₹31,839.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Equity: ELSS?

Accepted Answer

The top performing fund in the Equity: ELSS category on a 3-year basis is Motilal Oswal ELSS Tax Saver Fund Direct-Growth with a CAGR of 22.58% as of 16 Jul 2026. HSBC ELSS Tax Saver Fund Direct-Growth has delivered 17.02% CAGR over the same period, ranking 6 out of 38 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does HSBC ELSS Tax Saver Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, HSBC ELSS Tax Saver Fund Direct-Growth has a Sharpe ratio of 0.70 compared to the Equity: ELSS average of 0.54 as of 16 Jul 2026. It ranks 7 out of 50 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	+2.89%	-0.19%	8 / 40
3Y Return	+17.02%	13.28%	6 / 38
5Y Return	+14.19%	12.86%	7 / 33
10Y Return	+13.97%	14.37%	13 / 28

HSBC ELSS Tax Saver Fund Direct-Growth

Similar Funds

Funds in Equity: ELSS

Funds Tracking NIFTY 500 Total Return Index

Frequently Asked Questions

Funds in Equity: ELSS

Funds Tracking NIFTY 500 Total Return Index

Frequently Asked Questions