About HSBC Tax Saver Equity Fund Direct-Growth
HSBC Tax Saver Equity Fund Direct-Growth is a Tax Saver
mutual fund scheme from HSBC Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Gautam Bhupal
. It has an AUM of ₹154.54 Crores and the latest NAV decalared is ₹39.768 as on 06 Dec 2019 at 9:20 pm.
HSBC Tax Saver Equity Fund Direct-Growth scheme return performance in last 1 year is 10.37%, in last 3 years is 40.58% and 132.58% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of companies across various sectors and industries, with no capitalisation bias.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.