What stocks does HSBC ELSS Tax saver Fund hold?

HSBC ELSS Tax saver Fund holds a portfolio of Indian equity stocks disclosed monthly by HSBC Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages HSBC ELSS Tax saver Fund?

HSBC ELSS Tax saver Fund is managed by HSBC Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is HSBC ELSS Tax saver Fund?

HSBC ELSS Tax saver Fund is classified as a ELSS mutual fund under SEBI's mutual fund categorisation framework.

How often is HSBC ELSS Tax saver Fund portfolio data updated?

Portfolio holdings for HSBC ELSS Tax saver Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← HSBC Mutual Fund

HSBC ELSS Tax saver Fund - Direct Growth

ELSS Data as of Aug 2026 Comparing Jul 2026 → Aug 2026

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Stocks Held

Aug 2026

Equity Holdings

₹4,154.11 Cr

Equity only, excl. debt & cash

AAUM

₹3,670.15 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

16.9%

Diversified

Top 10 Weight

28.3%

Diversified

Changes

2 new · 4 exits

Top Sector

Banks

15.4% of portfolio

Launch Date

05 Jan 2006

10+ year track record

AAUM (Average Assets Under Management) of ₹3,670.15 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month HSBC ELSS Tax saver Fund made 2 new additions and exited 4 stocks this month. The biggest new buy was Mphasis Limited (IT - Software) at 0.61% weight. Kaynes Technology India Limited was the biggest exit (Industrial Manufacturing), which was held at 0.56%. Among existing holdings, Avalon Technologies Limited saw the biggest increase — now at 4.38% of the portfolio. Amber Enterprises India Limited was trimmed the most, now at 1.01%. Avalon Technologies Limited remains the top holding with Banks the dominant sector at 15.4%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · HSBC ELSS Tax saver Fund - Direct Growth

-1.41%

+1.62%

+14.74%

+4.21%

Latest NAV

₹155.79

11 Sep 2026

52W High

₹159.72

-2% from High

52W Low

₹124.47

+25% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+1.4%

2024

+34.0%

2023

+29.4%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

21.4%

+ve in 94% windows

54.3% / -4.4%

3Y Rolling Avg

19.3% p.a.

+ve in 100% windows

22.3% / 15.7%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-19.2%

Rec: Jun 2026 (1yr 11mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.70

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.97

Penalises downside volatility only.

Std Deviation (3Y)

16.4%

Lower = more consistent returns.

NAV Chart ₹155.79 11 Sep 2026

Simple Moving Avg: Click to draw · click again to remove

HSBC ELSS Tax saver Fund - Direct Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹155.79

Sector Shift Industry allocation month-over-month

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	15.9%	15.7%	▼ -0.3%
Electrical Equipment	10.8%	10.6%	▼ -0.2%
IT - Software	6.1%	6.9%	▲ +0.9%
Finance	6.8%	6.4%	▼ -0.4%
Consumer Durables	6.5%	5.8%	▼ -0.7%
Retailing	4.4%	4.6%	▲ +0.2%
Auto Components	4.4%	4.5%	▲ +0.1%
Automobiles	3.1%	4.0%	▲ +0.9%
Construction	3.6%	3.4%	▼ -0.2%
Pharmaceuticals & Biotechnology	3.3%	3.3%	● +0.1%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	15.7%	15.4%	▼ -0.3%
Electrical Equipment	10.6%	11.7%	▲ +1.1%
IT - Software	6.9%	6.7%	▼ -0.2%
Finance	6.4%	5.7%	▼ -0.7%
Consumer Durables	5.8%	5.2%	▼ -0.7%
Auto Components	4.5%	4.6%	● +0.1%
Retailing	4.6%	4.5%	● -0.1%
Automobiles	4.0%	3.6%	▼ -0.3%
Construction	3.4%	3.6%	▲ +0.2%
Pharmaceuticals & Biotechnology	3.3%	3.1%	▼ -0.2%

🟢

Biggest New Buy

Mphasis Limited

0.61% weight · IT - Software

🔴

Biggest Exit

Kaynes Technology India Limited

0.56% was held · Industrial Manufacturing

↑

Biggest Add

Avalon Technologies Limited

+0.95% · now 4.38%

↓

Biggest Trim

Amber Enterprises India Limited

-0.44% · now 1.01%

🤝 Other funds also bought this month

National Aluminium Company Limited 25 funds

Mphasis Limited 19 funds

👋 Other funds also exited

Power Finance Corporation Limited 31 funds

Vishal Mega Mart Limited 19 funds

Kaynes Technology India Limited 5 funds

Zensar Technologies Limited 4 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🟢 2 New Entries 🔴 4 Exits ↑ 29 Increased ↓ 42 Decreased

#	Stock	Sector	Weight (Aug 2026)
1	Mphasis Limited ₹25.95 Cr	IT - Software	0.61%
2	National Aluminium Company Limited ₹21.50 Cr	Non - Ferrous Metals	0.51%

#	Stock	Sector	Last Weight (Jul 2026)
1	Kaynes Technology India Limited ₹22.89 Cr	Industrial Manufacturing	0.56%
2	Power Finance Corporation Limited ₹21.03 Cr	Finance	0.51%
3	Zensar Technologies Limited ₹18.74 Cr	IT - Software	0.46%
4	Vishal Mega Mart Limited ₹18.27 Cr	Retailing	0.44%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Avalon Technologies Limited ₹185.19 Cr	Electrical Equipment	3.43%	4.38%	+0.95%
2	Juniper Green Energy Limited ₹35.04 Cr	Power	0.15%	0.83%	+0.68%
3	Manipal Health Enterprises Ltd ₹29.47 Cr	Healthcare Services	0.30%	0.70%	+0.40%
4	Pearl Global Industries Limited ₹106.70 Cr	Textiles & Apparels	2.17%	2.52%	+0.35%
5	Swiggy Limited ₹43.43 Cr	Retailing	0.72%	1.03%	+0.31%
6	Balrampur Chini Mills Limited ₹68.47 Cr	Agricultural Food & other Products	1.41%	1.62%	+0.21%
7	Tata Consumer Products Limited ₹40.74 Cr	Agricultural Food & other Products	0.75%	0.96%	+0.21%
8	Jindal Saw Limited ₹58.47 Cr	Industrial Products	1.18%	1.38%	+0.20%
9	Engineers India Limited ₹55.63 Cr	Construction	1.15%	1.32%	+0.17%
10	Pine Labs Limited ₹54.88 Cr	Financial Technology (Fintech)	1.13%	1.30%	+0.17%
11	Craftsman Automation Limited ₹64.31 Cr	Auto Components	1.38%	1.52%	+0.14%
12	Eternal Limited ₹103.35 Cr	Retailing	2.32%	2.44%	+0.12%
13	PNB Housing Finance Limited ₹82.97 Cr	Finance	1.85%	1.96%	+0.11%
14	Jindal Steel Limited ₹77.16 Cr	Ferrous Metals	1.73%	1.82%	+0.09%
15	Bharat Heavy Electricals Limited ₹72.90 Cr	Electrical Equipment	1.63%	1.72%	+0.09%
16	Coforge Limited ₹35.14 Cr	IT - Software	0.74%	0.83%	+0.09%
17	Indian Bank ₹55.03 Cr	Banks	1.24%	1.30%	+0.06%
18	KEI Industries Limited ₹26.40 Cr	Industrial Products	0.56%	0.62%	+0.06%
19	Axis Bank Limited ₹77.58 Cr	Banks	1.78%	1.83%	+0.05%
20	Bharat Electronics Limited ₹36.66 Cr	Aerospace & Defense	0.83%	0.87%	+0.04%
21	UNO Minda Limited ₹30.27 Cr	Auto Components	0.68%	0.72%	+0.04%
22	CG Power and Industrial Solutions Limited ₹42.89 Cr	Electrical Equipment	0.98%	1.01%	+0.03%
23	Diamond Power Infrastructure Limited ₹31.38 Cr	Electrical Equipment	0.71%	0.74%	+0.03%
24	Siemens Limited ₹20.15 Cr	Electrical Equipment	0.46%	0.48%	+0.02%
25	Thangamayil Jewellery Limited ₹83.45 Cr	Consumer Durables	1.96%	1.97%	+0.01%
26	State Bank of India ₹80.27 Cr	Banks	1.89%	1.90%	+0.01%
27	LTIMindtree Limited ₹34.10 Cr	IT - Software	0.80%	0.81%	+0.01%
28	ABB India Limited ₹18.14 Cr	Electrical Equipment	0.42%	0.43%	+0.01%
29	Syngene International Limited ₹15.99 Cr	Healthcare Services	0.37%	0.38%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Amber Enterprises India Limited ₹42.62 Cr	Consumer Durables	1.45%	1.01%	-0.44%
2	KPIT Technologies Limited ₹13.96 Cr	IT - Software	0.65%	0.33%	-0.32%
3	Mahindra & Mahindra Limited ₹34.79 Cr	Automobiles	1.09%	0.82%	-0.27%
4	HDFC Bank Limited ₹132.60 Cr	Banks	3.40%	3.14%	-0.26%
5	Shriram Finance Limited ₹101.37 Cr	Finance	2.66%	2.40%	-0.26%
6	Bharti Airtel Limited ₹84.62 Cr	Telecom - Services	2.24%	2.00%	-0.24%
7	Nippon Life India Asset Management Limited ₹48.54 Cr	Capital Markets	1.34%	1.15%	-0.19%
8	Reliance Industries Limited ₹121.55 Cr	Petroleum Products	3.03%	2.87%	-0.16%
9	Lupin Limited ₹40.75 Cr	Pharmaceuticals & Biotechnology	1.09%	0.96%	-0.13%
10	Max Healthcare Institute Limited ₹64.10 Cr	Healthcare Services	1.64%	1.52%	-0.12%
11	Blue Star Limited ₹23.46 Cr	Consumer Durables	0.65%	0.55%	-0.10%
12	NTPC Limited ₹41.40 Cr	Power	1.07%	0.98%	-0.09%
13	JSW Energy Limited ₹40.31 Cr	Power	1.04%	0.95%	-0.09%
14	Schaeffler India Limited ₹67.33 Cr	Auto Components	1.67%	1.59%	-0.08%
15	Trent Limited ₹44.17 Cr	Retailing	1.12%	1.04%	-0.08%
16	UltraTech Cement Limited ₹45.11 Cr	Cement & Cement Products	1.14%	1.07%	-0.07%
17	Sobha Limited ₹24.87 Cr	Realty	0.66%	0.59%	-0.07%
18	Gujarat Gas Limited ₹21.20 Cr	Gas	0.57%	0.50%	-0.07%
19	ICICI Bank Limited ₹168.01 Cr	Banks	4.03%	3.97%	-0.06%
20	Safari Industries India Ltd ₹41.17 Cr	Consumer Durables	1.03%	0.97%	-0.06%
21	Century Plyboards (India) Limited ₹29.34 Cr	Consumer Durables	0.75%	0.69%	-0.06%
22	Infosys Limited ₹81.24 Cr	IT - Software	1.97%	1.92%	-0.05%
23	Sun Pharmaceutical Industries Limited ₹63.03 Cr	Pharmaceuticals & Biotechnology	1.54%	1.49%	-0.05%
24	Tata Steel Limited ₹40.06 Cr	Ferrous Metals	1.00%	0.95%	-0.05%
25	Lemon Tree Hotels Limited ₹34.63 Cr	Leisure Services	0.87%	0.82%	-0.05%
26	Triveni Turbine Limited ₹30.84 Cr	Electrical Equipment	0.78%	0.73%	-0.05%
27	Godrej Properties Limited ₹29.21 Cr	Realty	0.74%	0.69%	-0.05%
28	Oil & Natural Gas Corporation Limited ₹29.10 Cr	Oil	0.74%	0.69%	-0.05%
29	TVS Motor Company Limited ₹79.23 Cr	Automobiles	1.91%	1.87%	-0.04%
30	Tech Mahindra Limited ₹43.79 Cr	IT - Software	1.08%	1.04%	-0.04%
31	BIKAJI FOODS INTERNATIONAL LIMITED ₹37.44 Cr	Food Products	0.93%	0.89%	-0.04%
32	ICICI Prudential Asset Management Company Limited ₹33.90 Cr	Capital Markets	0.84%	0.80%	-0.04%
33	Exide Industries Limited ₹32.75 Cr	Auto Components	0.81%	0.77%	-0.04%
34	Karur Vysya Bank Limited ₹90.13 Cr	Banks	2.16%	2.13%	-0.03%
35	Cholamandalam Investment and Finance Company Ltd ₹55.85 Cr	Finance	1.35%	1.32%	-0.03%
36	The Indian Hotels Company Limited ₹51.99 Cr	Leisure Services	1.26%	1.23%	-0.03%
37	Mankind Pharma Limited ₹27.87 Cr	Pharmaceuticals & Biotechnology	0.69%	0.66%	-0.03%
38	Persistent Systems Limited ₹50.32 Cr	IT - Software	1.21%	1.19%	-0.02%
39	RBL Bank Limited ₹47.93 Cr	Banks	1.15%	1.13%	-0.02%
40	Hero MotoCorp Limited ₹39.95 Cr	Automobiles	0.96%	0.94%	-0.02%
41	Doms Industries Limited ₹24.33 Cr	Household Products	0.60%	0.58%	-0.02%
42	SBI Funds Management Limited ₹18.63 Cr	Capital Markets	0.46%	0.44%	-0.02%

What Stocks Does This Fund Hold?

79 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	Avalon Technologies Limited ₹185.19 Cr	Electrical Equipment	4.38%
2	ICICI Bank Limited ₹168.01 Cr	Banks	3.97%
3	HDFC Bank Limited ₹132.60 Cr	Banks	3.14%
4	Reliance Industries Limited ₹121.55 Cr	Petroleum Products	2.87%
5	Pearl Global Industries Limited ₹106.70 Cr	Textiles & Apparels	2.52%
6	Eternal Limited ₹103.35 Cr	Retailing	2.44%
7	Shriram Finance Limited ₹101.37 Cr	Finance	2.40%
8	Larsen & Toubro Limited ₹94.26 Cr	Construction	2.23%
9	GE Vernova T&D India Limited ₹93.35 Cr	Electrical Equipment	2.21%
10	Karur Vysya Bank Limited ₹90.13 Cr	Banks	2.13%
11	Bharti Airtel Limited ₹84.62 Cr	Telecom - Services	2.00%
12	Thangamayil Jewellery Limited ₹83.45 Cr	Consumer Durables	1.97%
13	PNB Housing Finance Limited ₹82.97 Cr	Finance	1.96%
14	Infosys Limited ₹81.24 Cr	IT - Software	1.92%
15	State Bank of India ₹80.27 Cr	Banks	1.90%
16	TVS Motor Company Limited ₹79.23 Cr	Automobiles	1.87%
17	Axis Bank Limited ₹77.58 Cr	Banks	1.83%
18	Jindal Steel Limited ₹77.16 Cr	Ferrous Metals	1.82%
19	Bharat Heavy Electricals Limited ₹72.90 Cr	Electrical Equipment	1.72%
20	Balrampur Chini Mills Limited ₹68.47 Cr	Agricultural Food & other Products	1.62%
21	Schaeffler India Limited ₹67.33 Cr	Auto Components	1.59%
22	Craftsman Automation Limited ₹64.31 Cr	Auto Components	1.52%
23	Max Healthcare Institute Limited ₹64.10 Cr	Healthcare Services	1.52%
24	Sun Pharmaceutical Industries Limited ₹63.03 Cr	Pharmaceuticals & Biotechnology	1.49%
25	Jindal Saw Limited ₹58.47 Cr	Industrial Products	1.38%
26	Cholamandalam Investment and Finance Company Ltd ₹55.85 Cr	Finance	1.32%
27	Engineers India Limited ₹55.63 Cr	Construction	1.32%
28	Indian Bank ₹55.03 Cr	Banks	1.30%
29	Pine Labs Limited ₹54.88 Cr	Financial Technology (Fintech)	1.30%
30	The Indian Hotels Company Limited ₹51.99 Cr	Leisure Services	1.23%
31	Persistent Systems Limited ₹50.32 Cr	IT - Software	1.19%
32	Nippon Life India Asset Management Limited ₹48.54 Cr	Capital Markets	1.15%
33	RBL Bank Limited ₹47.93 Cr	Banks	1.13%
34	UltraTech Cement Limited ₹45.11 Cr	Cement & Cement Products	1.07%
35	Trent Limited ₹44.17 Cr	Retailing	1.04%
36	Tech Mahindra Limited ₹43.79 Cr	IT - Software	1.04%
37	Swiggy Limited ₹43.43 Cr	Retailing	1.03%
38	CG Power and Industrial Solutions Limited ₹42.89 Cr	Electrical Equipment	1.01%
39	Amber Enterprises India Limited ₹42.62 Cr	Consumer Durables	1.01%
40	NTPC Limited ₹41.40 Cr	Power	0.98%
41	Safari Industries India Ltd ₹41.17 Cr	Consumer Durables	0.97%
42	Lupin Limited ₹40.75 Cr	Pharmaceuticals & Biotechnology	0.96%
43	Tata Consumer Products Limited ₹40.74 Cr	Agricultural Food & other Products	0.96%
44	JSW Energy Limited ₹40.31 Cr	Power	0.95%
45	Tata Steel Limited ₹40.06 Cr	Ferrous Metals	0.95%
46	Hero MotoCorp Limited ₹39.95 Cr	Automobiles	0.94%
47	BIKAJI FOODS INTERNATIONAL LIMITED ₹37.44 Cr	Food Products	0.89%
48	Bharat Electronics Limited ₹36.66 Cr	Aerospace & Defense	0.87%
49	Juniper Green Energy Limited ₹35.04 Cr	Power	0.83%
50	Coforge Limited ₹35.14 Cr	IT - Software	0.83%
51	Mahindra & Mahindra Limited ₹34.79 Cr	Automobiles	0.82%
52	Lemon Tree Hotels Limited ₹34.63 Cr	Leisure Services	0.82%
53	LTIMindtree Limited ₹34.10 Cr	IT - Software	0.81%
54	ICICI Prudential Asset Management Company Limited ₹33.90 Cr	Capital Markets	0.80%
55	Polycab India Limited ₹33.19 Cr	Industrial Products	0.78%
56	Exide Industries Limited ₹32.75 Cr	Auto Components	0.77%
57	Diamond Power Infrastructure Limited ₹31.38 Cr	Electrical Equipment	0.74%
58	Triveni Turbine Limited ₹30.84 Cr	Electrical Equipment	0.73%
59	UNO Minda Limited ₹30.27 Cr	Auto Components	0.72%
60	Manipal Health Enterprises Ltd ₹29.47 Cr	Healthcare Services	0.70%
61	Century Plyboards (India) Limited ₹29.34 Cr	Consumer Durables	0.69%
62	Godrej Properties Limited ₹29.21 Cr	Realty	0.69%
63	Oil & Natural Gas Corporation Limited ₹29.10 Cr	Oil	0.69%
64	Mankind Pharma Limited ₹27.87 Cr	Pharmaceuticals & Biotechnology	0.66%
65	KEI Industries Limited ₹26.40 Cr	Industrial Products	0.62%
66	Mphasis Limited ₹25.95 Cr	IT - Software	0.61%
67	Sobha Limited ₹24.87 Cr	Realty	0.59%
68	Doms Industries Limited ₹24.33 Cr	Household Products	0.58%
69	Blue Star Limited ₹23.46 Cr	Consumer Durables	0.55%
70	Hindustan Aeronautics Limited ₹22.60 Cr	Aerospace & Defense	0.53%
71	National Aluminium Company Limited ₹21.50 Cr	Non - Ferrous Metals	0.51%
72	Gujarat Gas Limited ₹21.20 Cr	Gas	0.50%
73	Siemens Limited ₹20.15 Cr	Electrical Equipment	0.48%
74	Vinati Organics Limited ₹19.79 Cr	Chemicals & Petrochemicals	0.47%
75	SBI Funds Management Limited ₹18.63 Cr	Capital Markets	0.44%
76	ABB India Limited ₹18.14 Cr	Electrical Equipment	0.43%
77	Syngene International Limited ₹15.99 Cr	Healthcare Services	0.38%
78	KPIT Technologies Limited ₹13.96 Cr	IT - Software	0.33%
79	GSPL Transmission Limited ₹3.85 Cr	Gas	0.09%