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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹3,910.81 Cr

Equity only, excl. debt & cash

Top 5 Weight

16.5%

Diversified

Top 10 Weight

27.7%

Diversified

Changes

2 new · 1 exits

Top Sector

Banks

15.4% of portfolio

📋 What Happened This Month HSBC ELSS Tax saver Fund made 2 new additions and exited 1 stock this month. The biggest new buy was Pine Labs Limited (Financial Technology (Fintech)) at 0.99% weight. Gujarat State Petronet Limited was the biggest exit (Gas), which was held at 0.81%. Among existing holdings, Avalon Technologies Limited saw the biggest increase — now at 3.49% of the portfolio. Amber Enterprises India Limited was trimmed the most, now at 1.78%. ICICI Bank 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

+3.29%

+13.88%

+3.11%

+4.00%

Latest NAV

₹153.19

24 Jun 2026

52W High

₹154.08

-1% from High

52W Low

₹123.44

+24% 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

22.9%

+ve in 94% windows

54.3% / -4.4%

3Y Rolling Avg

19.7% 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: not yet

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. What do these mean? →

Sharpe Ratio (3Y)

0.80

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.11

Penalises downside volatility only.

Std Deviation (3Y)

16.4%

Lower = more consistent returns.

NAV Chart ₹153.19 24 Jun 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: ₹153.19

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	16.2%	16.0%	▼ -0.2%
Electrical Equipment	8.6%	9.7%	▲ +1.0%
IT - Software	8.3%	7.6%	▼ -0.7%
Finance	6.2%	6.7%	▲ +0.4%
Consumer Durables	6.0%	6.2%	▲ +0.2%
Construction	3.8%	4.1%	▲ +0.4%
Auto Components	4.4%	4.0%	▼ -0.5%
Retailing	3.7%	3.7%	● 0.0%
Petroleum Products	3.6%	3.5%	▼ -0.1%
Automobiles	3.4%	3.3%	▼ -0.1%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	16.0%	15.4%	▼ -0.6%
Electrical Equipment	9.7%	10.9%	▲ +1.2%
IT - Software	7.6%	7.6%	● -0.1%
Finance	6.7%	6.5%	▼ -0.1%
Consumer Durables	6.2%	5.8%	▼ -0.4%
Auto Components	4.0%	4.1%	▲ +0.2%
Retailing	3.7%	4.0%	▲ +0.3%
Construction	4.1%	3.6%	▼ -0.5%
Pharmaceuticals & Biotechnology	3.2%	3.2%	● 0.0%
Automobiles	3.3%	3.2%	● -0.1%

🟢

Biggest New Buy

Pine Labs Limited

0.99% weight · Financial Technology (Fintech)

🔴

Biggest Exit

Gujarat State Petronet Limited

0.81% was held · Gas

↑

Biggest Add

Avalon Technologies Limited

+1.03% · now 3.49%

↓

Biggest Trim

Amber Enterprises India Limited

-0.44% · now 1.78%

🤝 Other funds also bought this month

Gujarat Gas Limited 36 funds

Pine Labs Limited 14 funds

👋 Other funds also exited

Gujarat State Petronet Limited 86 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 2 New Entries 🔴 1 Exit ↑ 22 Increased ↓ 49 Decreased

#	Stock	Sector	Weight (May 2026)
1	Pine Labs Limited ₹39.35 Cr	Financial Technology (Fintech)	0.99%
2	Gujarat Gas Limited ₹34.33 Cr	Gas	0.86%

#	Stock	Sector	Last Weight (Apr 2026)
1	Gujarat State Petronet Limited ₹31.72 Cr	Gas	0.81%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Avalon Technologies Limited ₹139.09 Cr	Electrical Equipment	2.46%	3.49%	+1.03%
2	Bharat Heavy Electricals Limited ₹68.63 Cr	Electrical Equipment	1.29%	1.72%	+0.43%
3	GE Vernova T&D India Limited ₹108.12 Cr	Electrical Equipment	2.38%	2.71%	+0.33%
4	Trent Limited ₹31.93 Cr	Retailing	0.49%	0.80%	+0.31%
5	Craftsman Automation Limited ₹40.26 Cr	Auto Components	0.87%	1.01%	+0.14%
6	Pearl Global Industries Limited ₹71.61 Cr	Textiles & Apparels	1.69%	1.80%	+0.11%
7	Persistent Systems Limited ₹69.08 Cr	IT - Software	1.62%	1.73%	+0.11%
8	Jindal Saw Limited ₹46.66 Cr	Industrial Products	1.07%	1.17%	+0.10%
9	Thangamayil Jewellery Limited ₹73.65 Cr	Consumer Durables	1.76%	1.85%	+0.09%
10	Nippon Life India Asset Management Limited ₹52.18 Cr	Capital Markets	1.22%	1.31%	+0.09%
11	Coforge Limited ₹25.17 Cr	IT - Software	0.54%	0.63%	+0.09%
12	JSW Energy Limited ₹46.09 Cr	Power	1.10%	1.16%	+0.06%
13	ICICI Prudential Asset Management Company Limited ₹39.13 Cr	Capital Markets	0.92%	0.98%	+0.06%
14	Safari Industries India Ltd ₹31.84 Cr	Consumer Durables	0.76%	0.80%	+0.04%
15	Exide Industries Limited ₹28.76 Cr	Auto Components	0.68%	0.72%	+0.04%
16	Mankind Pharma Limited ₹27.37 Cr	Pharmaceuticals & Biotechnology	0.66%	0.69%	+0.03%
17	The Indian Hotels Company Limited ₹46.10 Cr	Leisure Services	1.14%	1.16%	+0.02%
18	RBL Bank Limited ₹34.08 Cr	Banks	0.84%	0.86%	+0.02%
19	Bajaj Auto Limited ₹24.79 Cr	Automobiles	0.60%	0.62%	+0.02%
20	Axis Bank Limited ₹76.78 Cr	Banks	1.92%	1.93%	+0.01%
21	KPIT Technologies Limited ₹34.60 Cr	IT - Software	0.86%	0.87%	+0.01%
22	Tata Consumer Products Limited ₹20.42 Cr	Agricultural Food & other Products	0.50%	0.51%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Amber Enterprises India Limited ₹70.97 Cr	Consumer Durables	2.22%	1.78%	-0.44%
2	ABB India Limited ₹17.23 Cr	Electrical Equipment	0.85%	0.43%	-0.42%
3	Larsen & Toubro Limited ₹95.00 Cr	Construction	2.75%	2.38%	-0.37%
4	Hindustan Aeronautics Limited ₹20.25 Cr	Aerospace & Defense	0.83%	0.51%	-0.32%
5	Reliance Industries Limited ₹125.75 Cr	Petroleum Products	3.46%	3.16%	-0.30%
6	KEI Industries Limited ₹24.22 Cr	Industrial Products	0.89%	0.61%	-0.28%
7	State Bank of India ₹82.51 Cr	Banks	2.32%	2.07%	-0.25%
8	Kaynes Technology India Limited ₹31.25 Cr	Industrial Manufacturing	1.02%	0.78%	-0.24%
9	Oil & Natural Gas Corporation Limited ₹53.99 Cr	Oil	1.55%	1.35%	-0.20%
10	HDFC Bank Limited ₹139.25 Cr	Banks	3.66%	3.49%	-0.17%
11	CG Power and Industrial Solutions Limited ₹42.96 Cr	Electrical Equipment	1.23%	1.08%	-0.15%
12	Polycab India Limited ₹33.30 Cr	Industrial Products	0.99%	0.84%	-0.15%
13	Zensar Technologies Limited ₹18.23 Cr	IT - Software	0.61%	0.46%	-0.15%
14	Engineers India Limited ₹49.22 Cr	Construction	1.36%	1.24%	-0.12%
15	Bharti Airtel Limited ₹85.41 Cr	Telecom - Services	2.24%	2.14%	-0.10%
16	TVS Motor Company Limited ₹61.24 Cr	Automobiles	1.62%	1.54%	-0.08%
17	Blue Star Limited ₹25.46 Cr	Consumer Durables	0.72%	0.64%	-0.08%
18	ICICI Bank Limited ₹145.18 Cr	Banks	3.71%	3.64%	-0.07%
19	Infosys Limited ₹83.18 Cr	IT - Software	2.15%	2.09%	-0.06%
20	Max Healthcare Institute Limited ₹59.37 Cr	Healthcare Services	1.55%	1.49%	-0.06%
21	Power Finance Corporation Limited ₹39.54 Cr	Finance	1.05%	0.99%	-0.06%
22	Bharat Electronics Limited ₹36.33 Cr	Aerospace & Defense	0.97%	0.91%	-0.06%
23	Jindal Steel Limited ₹78.08 Cr	Ferrous Metals	2.01%	1.96%	-0.05%
24	Karur Vysya Bank Limited ₹74.87 Cr	Banks	1.93%	1.88%	-0.05%
25	PNB Housing Finance Limited ₹74.43 Cr	Finance	1.92%	1.87%	-0.05%
26	Indian Bank ₹62.42 Cr	Banks	1.62%	1.57%	-0.05%
27	NTPC Limited ₹48.92 Cr	Power	1.28%	1.23%	-0.05%
28	BIKAJI FOODS INTERNATIONAL LIMITED ₹38.89 Cr	Food Products	1.03%	0.98%	-0.05%
29	Tata Steel Limited ₹45.20 Cr	Ferrous Metals	1.17%	1.13%	-0.04%
30	Lemon Tree Hotels Limited ₹37.14 Cr	Leisure Services	0.97%	0.93%	-0.04%
31	LTIMindtree Limited ₹30.50 Cr	IT - Software	0.81%	0.77%	-0.04%
32	Swiggy Limited ₹26.64 Cr	Retailing	0.71%	0.67%	-0.04%
33	Godrej Properties Limited ₹25.56 Cr	Realty	0.68%	0.64%	-0.04%
34	Sun Pharmaceutical Industries Limited ₹57.13 Cr	Pharmaceuticals & Biotechnology	1.46%	1.43%	-0.03%
35	Balrampur Chini Mills Limited ₹50.83 Cr	Agricultural Food & other Products	1.31%	1.28%	-0.03%
36	Cholamandalam Investment and Finance Company Ltd ₹46.24 Cr	Finance	1.19%	1.16%	-0.03%
37	Lupin Limited ₹42.22 Cr	Pharmaceuticals & Biotechnology	1.09%	1.06%	-0.03%
38	Mahindra & Mahindra Limited ₹40.35 Cr	Automobiles	1.04%	1.01%	-0.03%
39	Vinati Organics Limited ₹30.43 Cr	Chemicals & Petrochemicals	0.79%	0.76%	-0.03%
40	Century Plyboards (India) Limited ₹29.08 Cr	Consumer Durables	0.76%	0.73%	-0.03%
41	Doms Industries Limited ₹23.82 Cr	Household Products	0.63%	0.60%	-0.03%
42	Syngene International Limited ₹17.64 Cr	Healthcare Services	0.47%	0.44%	-0.03%
43	Meghmani Finechem Limited ₹14.12 Cr	Chemicals & Petrochemicals	0.38%	0.35%	-0.03%
44	Schaeffler India Limited ₹69.51 Cr	Auto Components	1.76%	1.74%	-0.02%
45	UltraTech Cement Limited ₹45.24 Cr	Cement & Cement Products	1.16%	1.14%	-0.02%
46	Sobha Limited ₹28.08 Cr	Realty	0.72%	0.70%	-0.02%
47	Tech Mahindra Limited ₹39.92 Cr	IT - Software	1.01%	1.00%	-0.01%
48	UNO Minda Limited ₹26.13 Cr	Auto Components	0.67%	0.66%	-0.01%
49	Vishal Mega Mart Limited ₹20.77 Cr	Retailing	0.53%	0.52%	-0.01%

What Stocks Does This Fund Hold?

77 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹145.18 Cr	Banks	3.64%
2	HDFC Bank Limited ₹139.25 Cr	Banks	3.49%
3	Avalon Technologies Limited ₹139.09 Cr	Electrical Equipment	3.49%
4	Reliance Industries Limited ₹125.75 Cr	Petroleum Products	3.16%
5	GE Vernova T&D India Limited ₹108.12 Cr	Electrical Equipment	2.71%
6	Shriram Finance Limited ₹99.09 Cr	Finance	2.49%
7	Larsen & Toubro Limited ₹95.00 Cr	Construction	2.38%
8	Bharti Airtel Limited ₹85.41 Cr	Telecom - Services	2.14%
9	Infosys Limited ₹83.18 Cr	IT - Software	2.09%
10	State Bank of India ₹82.51 Cr	Banks	2.07%
11	Eternal Limited ₹78.93 Cr	Retailing	1.98%
12	Jindal Steel Limited ₹78.08 Cr	Ferrous Metals	1.96%
13	Axis Bank Limited ₹76.78 Cr	Banks	1.93%
14	Karur Vysya Bank Limited ₹74.87 Cr	Banks	1.88%
15	PNB Housing Finance Limited ₹74.43 Cr	Finance	1.87%
16	Thangamayil Jewellery Limited ₹73.65 Cr	Consumer Durables	1.85%
17	Pearl Global Industries Limited ₹71.61 Cr	Textiles & Apparels	1.80%
18	Amber Enterprises India Limited ₹70.97 Cr	Consumer Durables	1.78%
19	Schaeffler India Limited ₹69.51 Cr	Auto Components	1.74%
20	Persistent Systems Limited ₹69.08 Cr	IT - Software	1.73%
21	Bharat Heavy Electricals Limited ₹68.63 Cr	Electrical Equipment	1.72%
22	Indian Bank ₹62.42 Cr	Banks	1.57%
23	TVS Motor Company Limited ₹61.24 Cr	Automobiles	1.54%
24	Max Healthcare Institute Limited ₹59.37 Cr	Healthcare Services	1.49%
25	Sun Pharmaceutical Industries Limited ₹57.13 Cr	Pharmaceuticals & Biotechnology	1.43%
26	Oil & Natural Gas Corporation Limited ₹53.99 Cr	Oil	1.35%
27	Nippon Life India Asset Management Limited ₹52.18 Cr	Capital Markets	1.31%
28	Balrampur Chini Mills Limited ₹50.83 Cr	Agricultural Food & other Products	1.28%
29	Engineers India Limited ₹49.22 Cr	Construction	1.24%
30	NTPC Limited ₹48.92 Cr	Power	1.23%
31	Jindal Saw Limited ₹46.66 Cr	Industrial Products	1.17%
32	Cholamandalam Investment and Finance Company Ltd ₹46.24 Cr	Finance	1.16%
33	The Indian Hotels Company Limited ₹46.10 Cr	Leisure Services	1.16%
34	JSW Energy Limited ₹46.09 Cr	Power	1.16%
35	UltraTech Cement Limited ₹45.24 Cr	Cement & Cement Products	1.14%
36	Tata Steel Limited ₹45.20 Cr	Ferrous Metals	1.13%
37	CG Power and Industrial Solutions Limited ₹42.96 Cr	Electrical Equipment	1.08%
38	Lupin Limited ₹42.22 Cr	Pharmaceuticals & Biotechnology	1.06%
39	Mahindra & Mahindra Limited ₹40.35 Cr	Automobiles	1.01%
40	Craftsman Automation Limited ₹40.26 Cr	Auto Components	1.01%
41	Tech Mahindra Limited ₹39.92 Cr	IT - Software	1.00%
42	Power Finance Corporation Limited ₹39.54 Cr	Finance	0.99%
43	Pine Labs Limited ₹39.35 Cr	Financial Technology (Fintech)	0.99%
44	Triveni Turbine Limited ₹39.55 Cr	Electrical Equipment	0.99%
45	ICICI Prudential Asset Management Company Limited ₹39.13 Cr	Capital Markets	0.98%
46	BIKAJI FOODS INTERNATIONAL LIMITED ₹38.89 Cr	Food Products	0.98%
47	Lemon Tree Hotels Limited ₹37.14 Cr	Leisure Services	0.93%
48	Bharat Electronics Limited ₹36.33 Cr	Aerospace & Defense	0.91%
49	KPIT Technologies Limited ₹34.60 Cr	IT - Software	0.87%
50	RBL Bank Limited ₹34.08 Cr	Banks	0.86%
51	Gujarat Gas Limited ₹34.33 Cr	Gas	0.86%
52	Polycab India Limited ₹33.30 Cr	Industrial Products	0.84%
53	Trent Limited ₹31.93 Cr	Retailing	0.80%
54	Safari Industries India Ltd ₹31.84 Cr	Consumer Durables	0.80%
55	Kaynes Technology India Limited ₹31.25 Cr	Industrial Manufacturing	0.78%
56	LTIMindtree Limited ₹30.50 Cr	IT - Software	0.77%
57	Vinati Organics Limited ₹30.43 Cr	Chemicals & Petrochemicals	0.76%
58	Century Plyboards (India) Limited ₹29.08 Cr	Consumer Durables	0.73%
59	Exide Industries Limited ₹28.76 Cr	Auto Components	0.72%
60	Sobha Limited ₹28.08 Cr	Realty	0.70%
61	Mankind Pharma Limited ₹27.37 Cr	Pharmaceuticals & Biotechnology	0.69%
62	Swiggy Limited ₹26.64 Cr	Retailing	0.67%
63	UNO Minda Limited ₹26.13 Cr	Auto Components	0.66%
64	Godrej Properties Limited ₹25.56 Cr	Realty	0.64%
65	Blue Star Limited ₹25.46 Cr	Consumer Durables	0.64%
66	Coforge Limited ₹25.17 Cr	IT - Software	0.63%
67	Bajaj Auto Limited ₹24.79 Cr	Automobiles	0.62%
68	KEI Industries Limited ₹24.22 Cr	Industrial Products	0.61%
69	Doms Industries Limited ₹23.82 Cr	Household Products	0.60%
70	Vishal Mega Mart Limited ₹20.77 Cr	Retailing	0.52%
71	Tata Consumer Products Limited ₹20.42 Cr	Agricultural Food & other Products	0.51%
72	Hindustan Aeronautics Limited ₹20.25 Cr	Aerospace & Defense	0.51%
73	Siemens Limited ₹19.22 Cr	Electrical Equipment	0.48%
74	Zensar Technologies Limited ₹18.23 Cr	IT - Software	0.46%
75	Syngene International Limited ₹17.64 Cr	Healthcare Services	0.44%
76	ABB India Limited ₹17.23 Cr	Electrical Equipment	0.43%
77	Meghmani Finechem Limited ₹14.12 Cr	Chemicals & Petrochemicals	0.35%