HSBC ELSS Tax Saver Fund
Direct · GrowthAI Summary
HSBC ELSS Tax Saver Fund has delivered a 10Y SIP XIRR of 15.02%, marginally ahead of the category average of 15.44% only in the 1Y window (18.31% vs 15.01%), while trailing the category across 3Y (15.28% vs 13.49% is an exception where it leads), 5Y (14.49% vs 16.04%), 7Y (14.12% vs 15.51%), and 12Y (15.18% vs 15.40%). Short-term performance is strong, but medium-term SIP returns have lagged peers. Calendar year returns show high dispersion, ranging from -7.15% in 2018 to 45.43% in 2014.
The fund has experienced 6 drawdown events exceeding 10%, with a maximum drawdown duration of 790 days and a recovery period of 245 days, indicating prolonged recovery phases after significant declines. Calmar ratios between 0.34 and 0.45 across horizons suggest modest risk-adjusted returns relative to the depth of drawdowns. Investors should be prepared for multi-year recovery periods during market downturns.
The portfolio holds 74 stocks with a well-diversified top 10 accounting for roughly 28% of NAV, led by Avalon Technologies (4.38%), ICICI Bank (3.97%), and HDFC Bank (3.14%). Banks is the largest sector exposure at 15.4%, followed by Electrical Equipment at 11.7%, giving the fund a meaningful tilt toward financials and capital-goods names. The presence of mid-cap-oriented holdings like Avalon Technologies, Pearl Global Industries, and GE Vernova T&D India suggests a growth-tilted, moderately aggressive allocation.
The fund leads the category on 1Y (18.31% vs 15.01%) and 3Y (15.28% vs 13.49%) SIP XIRR, but underperforms on 5Y (14.49% vs 16.04%), 7Y (14.12% vs 15.51%), and 10Y (15.02% vs 15.44%) horizons. This pattern indicates recent momentum but inconsistent long-term outperformance versus peers. Rolling returns closely track its point-to-point XIRR figures, suggesting fairly steady performance across rolling windows.
This fund suits investors seeking Section 80C tax benefits who can commit to the mandatory 3-year lock-in, though a 5-7 year horizon is preferable given the drawdown recovery patterns. It is appropriate for investors with moderate-to-high risk tolerance who can accept calendar year swings from -7.15% to +45.43%. SIP investors should note that medium-term returns have trailed the category, so it may work best as part of a diversified ELSS allocation rather than a sole tax-saving holding.
- Strong recent performance with 1Y SIP XIRR of 18.31% and 3Y XIRR of 15.28%, both ahead of category averages of 15.01% and 13.49% respectively
- Well-diversified 74-stock portfolio with the top 10 holdings at only about 28% of NAV, reducing single-stock risk
- Long operating history with double-digit 10Y and 12Y SIP XIRR of 15.02% and 15.18%, demonstrating durability across market cycles
- Underperformance versus category SIP XIRR across 5Y (14.49% vs 16.04%), 7Y (14.12% vs 15.51%), and 10Y (15.02% vs 15.44%) horizons
- Six drawdown events exceeding 10% with a maximum drawdown duration of 790 days, indicating extended recovery periods after declines
Generated on 10-09-2026, 3:08 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.77 L | 18.3% | -57.1% | 78.9% |
| 3 Years | ₹36.00 L | ₹45.46 L | 15.3% | -24.1% | 36.2% |
| 5 Years | ₹60.00 L | ₹85.74 L | 14.5% | -9.3% | 29.0% |
| 7 Years | ₹84.00 L | ₹1.37 Cr | 14.1% | -1.4% | 22.7% |
| 10 Years | ₹1.20 Cr | ₹2.61 Cr | 15.0% | 11.3% | 18.9% |
| 12 Years | ₹1.44 Cr | ₹3.77 Cr | 15.2% | 12.6% | 17.9% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 18.3% | 15.0% |
| 3 Years | 15.3% | 13.5% |
| 5 Years | 14.5% | 16.0% |
| 7 Years | 14.1% | 15.5% |
| 10 Years | 15.0% | 15.4% |
| 12 Years | 15.2% | 15.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.5% | 13.2% | -31.6% | 88.2% | 0.55 | 1.69 | 82% | — | — |
| 3 Years | 15.3% | 16.6% | -6.9% | 29.6% | 1.36 | 4.24 | 96% | — | — |
| 5 Years | 14.4% | 14.3% | -0.1% | 28.9% | 1.46 | 13.10 | 100% | — | — |
| 10 Years | 14.9% | 14.8% | 12.0% | 17.1% | 8.42 | — | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | AVALON TECHNOLOGIES LIMITED | 4.38% |
| 2 | ICICI Bank Limited | 3.97% |
| 3 | HDFC Bank Limited | 3.14% |
| 4 | Reliance Industries Limited | 2.87% |
| 5 | Pearl Global Industries Limited | 2.52% |
| 6 | Eternal Limited | 2.44% |
| 7 | Shriram Finance Limited | 2.40% |
| 8 | Larsen & Toubro Limited | 2.23% |
| 9 | GE Vernova T&D India Limited | 2.21% |
| 10 | Karur Vysya Bank Limited | 2.13% |