HSBC ELSS Tax saver Fund- Regular IDCW Payout

HSBC ELSS Tax saver Fund- Regular IDCW Payout is a scheme launched by HSBC Mutual Fund on February 27, 2006, and falls under the ELSS fund category. It currently manages an AUM of Rs 4,020.94 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 500. It charges an expense ratio of 1.89% for managing the portfolio.

• Investing Strategy:

  To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities

• Performance:

  HSBC ELSS Tax saver Fund- Regular IDCW Payout trailing returns over different times are -10.57% (1 year), 5.01% (3 year) and 8.16% (5 year). The average annual return of this fund stands at -4.81%.