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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹3,943.98 Cr

Equity only, excl. debt & cash

AAUM

₹3,828.73 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

17.3%

Diversified

Top 10 Weight

28.7%

Diversified

Changes

1 new · 0 exits

Top Sector

Banks

15.5% of portfolio

Launch Date

05 Jan 2006

10+ year track record

AAUM (Average Assets Under Management) of ₹3,828.73 Cr for Jul-Sep 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 added 1 new stock to its portfolio this month. The biggest new buy was National Stock Exchange of India Ltd. (Capital Markets) at 0.61% weight. Among existing holdings, Engineers India Limited saw the biggest increase — now at 1.66% of the portfolio. Shriram Finance Limited was trimmed the most, now at 2.26%. Avalon Technologies Limited remains the top holding with Banks the dominant sector at 15.5%. ↓ 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

-7.30%

-6.47%

-2.81%

-4.77%

Latest NAV

₹143.05

23 Oct 2026

52W High

₹159.72

-10% from High

52W Low

₹131.09

+9% 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

20.6%

+ve in 94% windows

54.3% / -4.4%

3Y Rolling Avg

18.7% p.a.

+ve in 100% windows

22.3% / 13.3%

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)

0.41

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.56

Penalises downside volatility only.

Std Deviation (3Y)

16.6%

Lower = more consistent returns.

NAV Chart ₹143.05 23 Oct 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: ₹143.05

Sector Shift Industry allocation month-over-month

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%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	15.4%	15.5%	● +0.1%
Electrical Equipment	11.7%	11.9%	▲ +0.2%
IT - Software	6.7%	6.4%	▼ -0.3%
Finance	5.7%	5.5%	▼ -0.2%
Consumer Durables	5.2%	5.2%	● 0.0%
Auto Components	4.6%	4.6%	● +0.0%
Retailing	4.5%	4.5%	● +0.0%
Construction	3.6%	3.9%	▲ +0.3%
Automobiles	3.6%	3.7%	● +0.0%
Pharmaceuticals & Biotechnology	3.1%	3.1%	● +0.0%

🟢

Biggest New Buy

National Stock Exchange of India Ltd.

0.61% weight · Capital Markets

↑

Biggest Add

Engineers India Limited

+0.34% · now 1.66%

↓

Biggest Trim

Shriram Finance Limited

-0.14% · now 2.26%

🤝 Other funds also bought this month

National Stock Exchange of India Ltd. 115 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 1 New Entry ↑ 33 Increased ↓ 41 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	National Stock Exchange of India Ltd. ₹24.10 Cr	Capital Markets	0.61%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Engineers India Limited ₹65.77 Cr	Construction	1.32%	1.66%	+0.34%
2	Pearl Global Industries Limited ₹111.05 Cr	Textiles & Apparels	2.52%	2.79%	+0.27%
3	HDFC Bank Limited ₹132.54 Cr	Banks	3.14%	3.34%	+0.20%
4	RBL Bank Limited ₹50.83 Cr	Banks	1.13%	1.28%	+0.15%
5	Pine Labs Limited ₹57.48 Cr	Financial Technology (Fintech)	1.30%	1.45%	+0.15%
6	Avalon Technologies Limited ₹179.21 Cr	Electrical Equipment	4.38%	4.51%	+0.13%
7	Eternal Limited ₹100.80 Cr	Retailing	2.44%	2.54%	+0.10%
8	PNB Housing Finance Limited ₹80.89 Cr	Finance	1.96%	2.04%	+0.08%
9	Juniper Green Energy Limited ₹36.16 Cr	Power	0.83%	0.91%	+0.08%
10	Mankind Pharma Limited ₹28.84 Cr	Pharmaceuticals & Biotechnology	0.66%	0.73%	+0.07%
11	ICICI Prudential Asset Management Company Limited ₹34.69 Cr	Capital Markets	0.80%	0.87%	+0.07%
12	Diamond Power Infrastructure Limited ₹32.01 Cr	Electrical Equipment	0.74%	0.81%	+0.07%
13	Bharti Airtel Limited ₹82.05 Cr	Telecom - Services	2.00%	2.06%	+0.06%
14	Tata Steel Limited ₹40.05 Cr	Ferrous Metals	0.95%	1.01%	+0.06%
15	The Indian Hotels Company Limited ₹51.34 Cr	Leisure Services	1.23%	1.29%	+0.06%
16	Blue Star Limited ₹24.32 Cr	Consumer Durables	0.55%	0.61%	+0.06%
17	NTPC Limited ₹40.81 Cr	Power	0.98%	1.03%	+0.05%
18	Schaeffler India Limited ₹65.36 Cr	Auto Components	1.59%	1.64%	+0.05%
19	Lemon Tree Hotels Limited ₹33.98 Cr	Leisure Services	0.82%	0.86%	+0.04%
20	Hero MotoCorp Limited ₹38.42 Cr	Automobiles	0.94%	0.97%	+0.03%
21	Jindal Steel Limited ₹73.41 Cr	Ferrous Metals	1.82%	1.85%	+0.03%
22	Balrampur Chini Mills Limited ₹65.44 Cr	Agricultural Food & other Products	1.62%	1.65%	+0.03%
23	UltraTech Cement Limited ₹43.17 Cr	Cement & Cement Products	1.07%	1.09%	+0.02%
24	Oil & Natural Gas Corporation Limited ₹28.35 Cr	Oil	0.69%	0.71%	+0.02%
25	Hindustan Aeronautics Limited ₹21.97 Cr	Aerospace & Defense	0.53%	0.55%	+0.02%
26	TVS Motor Company Limited ₹74.93 Cr	Automobiles	1.87%	1.89%	+0.02%
27	Sobha Limited ₹24.19 Cr	Realty	0.59%	0.61%	+0.02%
28	Axis Bank Limited ₹73.17 Cr	Banks	1.83%	1.84%	+0.01%
29	GE Vernova T&D India Limited ₹88.22 Cr	Electrical Equipment	2.21%	2.22%	+0.01%
30	JSW Energy Limited ₹38.32 Cr	Power	0.95%	0.96%	+0.01%
31	Gujarat Gas Limited ₹20.33 Cr	Gas	0.50%	0.51%	+0.01%
32	Safari Industries India Ltd ₹38.95 Cr	Consumer Durables	0.97%	0.98%	+0.01%
33	GSPL Transmission Limited ₹4.12 Cr	Gas	0.09%	0.10%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Shriram Finance Limited ₹89.75 Cr	Finance	2.40%	2.26%	-0.14%
2	ICICI Bank Limited ₹152.72 Cr	Banks	3.97%	3.84%	-0.13%
3	Infosys Limited ₹71.23 Cr	IT - Software	1.92%	1.79%	-0.13%
4	KEI Industries Limited ₹20.49 Cr	Industrial Products	0.62%	0.52%	-0.10%
5	Godrej Properties Limited ₹23.61 Cr	Realty	0.69%	0.59%	-0.10%
6	BIKAJI FOODS INTERNATIONAL LIMITED ₹31.22 Cr	Food Products	0.89%	0.79%	-0.10%
7	Cholamandalam Investment and Finance Company Ltd ₹48.71 Cr	Finance	1.32%	1.23%	-0.09%
8	Max Healthcare Institute Limited ₹57.20 Cr	Healthcare Services	1.52%	1.44%	-0.08%
9	State Bank of India ₹72.66 Cr	Banks	1.90%	1.83%	-0.07%
10	Polycab India Limited ₹28.20 Cr	Industrial Products	0.78%	0.71%	-0.07%
11	Amber Enterprises India Limited ₹37.32 Cr	Consumer Durables	1.01%	0.94%	-0.07%
12	Swiggy Limited ₹38.53 Cr	Retailing	1.03%	0.97%	-0.06%
13	Indian Bank ₹49.34 Cr	Banks	1.30%	1.24%	-0.06%
14	Jindal Saw Limited ₹52.44 Cr	Industrial Products	1.38%	1.32%	-0.06%
15	LTIMindtree Limited ₹30.38 Cr	IT - Software	0.81%	0.76%	-0.05%
16	Coforge Limited ₹30.96 Cr	IT - Software	0.83%	0.78%	-0.05%
17	Sun Pharmaceutical Industries Limited ₹57.69 Cr	Pharmaceuticals & Biotechnology	1.49%	1.45%	-0.04%
18	Reliance Industries Limited ₹112.98 Cr	Petroleum Products	2.87%	2.84%	-0.03%
19	Mahindra & Mahindra Limited ₹31.27 Cr	Automobiles	0.82%	0.79%	-0.03%
20	Trent Limited ₹40.21 Cr	Retailing	1.04%	1.01%	-0.03%
21	National Aluminium Company Limited ₹19.22 Cr	Non - Ferrous Metals	0.51%	0.48%	-0.03%
22	Mphasis Limited ₹23.03 Cr	IT - Software	0.61%	0.58%	-0.03%
23	ABB India Limited ₹16.09 Cr	Electrical Equipment	0.43%	0.40%	-0.03%
24	KPIT Technologies Limited ₹11.91 Cr	IT - Software	0.33%	0.30%	-0.03%
25	Nippon Life India Asset Management Limited ₹44.30 Cr	Capital Markets	1.15%	1.12%	-0.03%
26	Century Plyboards (India) Limited ₹26.42 Cr	Consumer Durables	0.69%	0.66%	-0.03%
27	Vinati Organics Limited ₹17.39 Cr	Chemicals & Petrochemicals	0.47%	0.44%	-0.03%
28	Larsen & Toubro Limited ₹87.62 Cr	Construction	2.23%	2.21%	-0.02%
29	Tata Consumer Products Limited ₹37.29 Cr	Agricultural Food & other Products	0.96%	0.94%	-0.02%
30	UNO Minda Limited ₹27.75 Cr	Auto Components	0.72%	0.70%	-0.02%
31	SBI Funds Management Limited ₹16.65 Cr	Capital Markets	0.44%	0.42%	-0.02%
32	Bharat Electronics Limited ₹34.34 Cr	Aerospace & Defense	0.87%	0.86%	-0.01%
33	Tech Mahindra Limited ₹41.00 Cr	IT - Software	1.04%	1.03%	-0.01%
34	Lupin Limited ₹37.80 Cr	Pharmaceuticals & Biotechnology	0.96%	0.95%	-0.01%
35	Karur Vysya Bank Limited ₹84.22 Cr	Banks	2.13%	2.12%	-0.01%
36	Siemens Limited ₹18.63 Cr	Electrical Equipment	0.48%	0.47%	-0.01%
37	Syngene International Limited ₹14.58 Cr	Healthcare Services	0.38%	0.37%	-0.01%
38	Craftsman Automation Limited ₹59.82 Cr	Auto Components	1.52%	1.51%	-0.01%
39	Triveni Turbine Limited ₹28.77 Cr	Electrical Equipment	0.73%	0.72%	-0.01%
40	Thangamayil Jewellery Limited ₹78.05 Cr	Consumer Durables	1.97%	1.96%	-0.01%
41	Manipal Health Enterprises Ltd ₹27.36 Cr	Healthcare Services	0.70%	0.69%	-0.01%

What Stocks Does This Fund Hold?

80 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	Avalon Technologies Limited ₹179.21 Cr	Electrical Equipment	4.51%
2	ICICI Bank Limited ₹152.72 Cr	Banks	3.84%
3	HDFC Bank Limited ₹132.54 Cr	Banks	3.34%
4	Reliance Industries Limited ₹112.98 Cr	Petroleum Products	2.84%
5	Pearl Global Industries Limited ₹111.05 Cr	Textiles & Apparels	2.79%
6	Eternal Limited ₹100.80 Cr	Retailing	2.54%
7	Shriram Finance Limited ₹89.75 Cr	Finance	2.26%
8	GE Vernova T&D India Limited ₹88.22 Cr	Electrical Equipment	2.22%
9	Larsen & Toubro Limited ₹87.62 Cr	Construction	2.21%
10	Karur Vysya Bank Limited ₹84.22 Cr	Banks	2.12%
11	Bharti Airtel Limited ₹82.05 Cr	Telecom - Services	2.06%
12	PNB Housing Finance Limited ₹80.89 Cr	Finance	2.04%
13	Thangamayil Jewellery Limited ₹78.05 Cr	Consumer Durables	1.96%
14	TVS Motor Company Limited ₹74.93 Cr	Automobiles	1.89%
15	Jindal Steel Limited ₹73.41 Cr	Ferrous Metals	1.85%
16	Axis Bank Limited ₹73.17 Cr	Banks	1.84%
17	State Bank of India ₹72.66 Cr	Banks	1.83%
18	Infosys Limited ₹71.23 Cr	IT - Software	1.79%
19	Bharat Heavy Electricals Limited ₹68.42 Cr	Electrical Equipment	1.72%
20	Engineers India Limited ₹65.77 Cr	Construction	1.66%
21	Balrampur Chini Mills Limited ₹65.44 Cr	Agricultural Food & other Products	1.65%
22	Schaeffler India Limited ₹65.36 Cr	Auto Components	1.64%
23	Craftsman Automation Limited ₹59.82 Cr	Auto Components	1.51%
24	Sun Pharmaceutical Industries Limited ₹57.69 Cr	Pharmaceuticals & Biotechnology	1.45%
25	Pine Labs Limited ₹57.48 Cr	Financial Technology (Fintech)	1.45%
26	Max Healthcare Institute Limited ₹57.20 Cr	Healthcare Services	1.44%
27	Jindal Saw Limited ₹52.44 Cr	Industrial Products	1.32%
28	The Indian Hotels Company Limited ₹51.34 Cr	Leisure Services	1.29%
29	RBL Bank Limited ₹50.83 Cr	Banks	1.28%
30	Indian Bank ₹49.34 Cr	Banks	1.24%
31	Cholamandalam Investment and Finance Company Ltd ₹48.71 Cr	Finance	1.23%
32	Persistent Systems Limited ₹47.48 Cr	IT - Software	1.19%
33	Nippon Life India Asset Management Limited ₹44.30 Cr	Capital Markets	1.12%
34	UltraTech Cement Limited ₹43.17 Cr	Cement & Cement Products	1.09%
35	Tech Mahindra Limited ₹41.00 Cr	IT - Software	1.03%
36	NTPC Limited ₹40.81 Cr	Power	1.03%
37	Tata Steel Limited ₹40.05 Cr	Ferrous Metals	1.01%
38	Trent Limited ₹40.21 Cr	Retailing	1.01%
39	CG Power and Industrial Solutions Limited ₹39.99 Cr	Electrical Equipment	1.01%
40	Safari Industries India Ltd ₹38.95 Cr	Consumer Durables	0.98%
41	Swiggy Limited ₹38.53 Cr	Retailing	0.97%
42	Hero MotoCorp Limited ₹38.42 Cr	Automobiles	0.97%
43	JSW Energy Limited ₹38.32 Cr	Power	0.96%
44	Lupin Limited ₹37.80 Cr	Pharmaceuticals & Biotechnology	0.95%
45	Tata Consumer Products Limited ₹37.29 Cr	Agricultural Food & other Products	0.94%
46	Amber Enterprises India Limited ₹37.32 Cr	Consumer Durables	0.94%
47	Juniper Green Energy Limited ₹36.16 Cr	Power	0.91%
48	ICICI Prudential Asset Management Company Limited ₹34.69 Cr	Capital Markets	0.87%
49	Lemon Tree Hotels Limited ₹33.98 Cr	Leisure Services	0.86%
50	Bharat Electronics Limited ₹34.34 Cr	Aerospace & Defense	0.86%
51	Diamond Power Infrastructure Limited ₹32.01 Cr	Electrical Equipment	0.81%
52	BIKAJI FOODS INTERNATIONAL LIMITED ₹31.22 Cr	Food Products	0.79%
53	Mahindra & Mahindra Limited ₹31.27 Cr	Automobiles	0.79%
54	Coforge Limited ₹30.96 Cr	IT - Software	0.78%
55	Exide Industries Limited ₹30.70 Cr	Auto Components	0.77%
56	LTIMindtree Limited ₹30.38 Cr	IT - Software	0.76%
57	Mankind Pharma Limited ₹28.84 Cr	Pharmaceuticals & Biotechnology	0.73%
58	Triveni Turbine Limited ₹28.77 Cr	Electrical Equipment	0.72%
59	Polycab India Limited ₹28.20 Cr	Industrial Products	0.71%
60	Oil & Natural Gas Corporation Limited ₹28.35 Cr	Oil	0.71%
61	UNO Minda Limited ₹27.75 Cr	Auto Components	0.70%
62	Manipal Health Enterprises Ltd ₹27.36 Cr	Healthcare Services	0.69%
63	Century Plyboards (India) Limited ₹26.42 Cr	Consumer Durables	0.66%
64	Sobha Limited ₹24.19 Cr	Realty	0.61%
65	Blue Star Limited ₹24.32 Cr	Consumer Durables	0.61%
66	National Stock Exchange of India Ltd. ₹24.10 Cr	Capital Markets	0.61%
67	Godrej Properties Limited ₹23.61 Cr	Realty	0.59%
68	Doms Industries Limited ₹22.97 Cr	Household Products	0.58%
69	Mphasis Limited ₹23.03 Cr	IT - Software	0.58%
70	Hindustan Aeronautics Limited ₹21.97 Cr	Aerospace & Defense	0.55%
71	KEI Industries Limited ₹20.49 Cr	Industrial Products	0.52%
72	Gujarat Gas Limited ₹20.33 Cr	Gas	0.51%
73	National Aluminium Company Limited ₹19.22 Cr	Non - Ferrous Metals	0.48%
74	Siemens Limited ₹18.63 Cr	Electrical Equipment	0.47%
75	Vinati Organics Limited ₹17.39 Cr	Chemicals & Petrochemicals	0.44%
76	SBI Funds Management Limited ₹16.65 Cr	Capital Markets	0.42%
77	ABB India Limited ₹16.09 Cr	Electrical Equipment	0.40%
78	Syngene International Limited ₹14.58 Cr	Healthcare Services	0.37%
79	KPIT Technologies Limited ₹11.91 Cr	IT - Software	0.30%
80	GSPL Transmission Limited ₹4.12 Cr	Gas	0.10%