HSBC ELSS Tax saver Fund

HSBC Mutual FundEquityPortfolio as of 30 June 2026

HSBC ELSS Tax saver Fund holds 79 instruments (97.72% equity), led by ICICI Bank Limited (3.89%), Avalon Technologies Limited (3.75%) and HDFC Bank Limited (3.66%), as of its 30 June 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

97.72%

AMC

HSBC Mutual Fund

Portfolio Analysis

HSBC ELSS Tax saver Fund's top 10 holdings account for 28.61% of its portfolio, more diversified than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 26.01% of net assets, spread across 11 sectors in total. Since its 31 May 2026 disclosure, the fund added 1 new position and exited 1 position, with Persistent Systems Limited seeing the largest move (-0.78pp to 0.95%).

Top 10 Equity Holdings

ICICI Bank Limited · 3.89%Avalon Technologies Limited · 3.75%HDFC Bank Limited · 3.66%Reliance Industries Limited · 3.02%Shriram Finance Limited · 2.67%GE Vernova T&D India Limited · 2.54%Thangamayil Jewellery Limited · 2.42%Larsen & Toubro Limited · 2.37%State Bank of India · 2.15%Pearl Global Industries Limited · 2.14%

What Changed: May 2026 → June 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

1 new entry1 exit10 increased10 reduced

New Entries

Hero MotoCorp Limited · 0.56%

Complete Exits

Bajaj Auto Limited · was 0.62%

Biggest Weight Increases

Stock	Weight	Change
Thangamayil Jewellery Limited	1.85% → 2.42%	▲ +0.57
Trent Limited	0.8% → 1.23%	▲ +0.43
Pearl Global Industries Limited	1.8% → 2.14%	▲ +0.34
Craftsman Automation Limited	1.01% → 1.33%	▲ +0.32
RBL Bank Limited	0.86% → 1.14%	▲ +0.28
Safari Industries (India) Limited	0.8% → 1.06%	▲ +0.26
Avalon Technologies Limited	3.49% → 3.75%	▲ +0.26
ICICI Bank Limited	3.64% → 3.89%	▲ +0.25
TATA CONSUMER PRODUCTS LIMITED	0.51% → 0.75%	▲ +0.24
Max Healthcare Institute Limited	1.49% → 1.7%	▲ +0.21

Biggest Weight Reductions

Stock	Weight	Change
Persistent Systems Limited	1.73% → 0.95%	▼ -0.78
Oil & Natural Gas Corporation Limited	1.35% → 0.72%	▼ -0.63
Indian Bank	1.57% → 1.23%	▼ -0.34
Infosys Limited	2.09% → 1.76%	▼ -0.33
Kaynes Technology India Limited	0.78% → 0.46%	▼ -0.32
JINDAL STEEL LIMITED	1.96% → 1.68%	▼ -0.28
Gujarat Gas Limited	0.86% → 0.69%	▼ -0.17
GE Vernova T&D India Limited	2.71% → 2.54%	▼ -0.17
Reliance Industries Limited	3.16% → 3.02%	▼ -0.14
KPIT Technologies Limited	0.87% → 0.74%	▼ -0.13

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Jan – Jun 2026).

ICICI Bank Limited

3.89%

Avalon Technologies Limited

3.75%

HDFC Bank Limited

3.66%

Reliance Industries Limited

3.02%

Shriram Finance Limited

2.67%

Full Portfolio (79 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	3.89%
2	Avalon Technologies Limited	Industrials	3.75%
3	HDFC Bank Limited	Financial Services	3.66%
4	Reliance Industries Limited	Energy	3.02%
5	Shriram Finance Limited	Financial Services	2.67%
6	GE Vernova T&D India Limited	Industrials	2.54%
7	Thangamayil Jewellery Limited	Consumer Discretionary	2.42%
8	Larsen & Toubro Limited	Industrials	2.37%
9	TREPStreps	—	2.36%
10	State Bank of India	Financial Services	2.15%
11	Pearl Global Industries Limited	Consumer Discretionary	2.14%
12	Bharti Airtel Limited	Telecommunication	2.12%
13	ETERNAL LIMITED	Consumer Discretionary	2.04%
14	Axis Bank Limited	Financial Services	1.97%
15	Karur Vysya Bank Limited	Financial Services	1.88%
16	PNB Housing Finance Limited	Financial Services	1.84%
17	Infosys Limited	Information Technology	1.76%
18	Schaeffler India Limited	Consumer Discretionary	1.73%
19	Amber Enterprises India Limited	Consumer Discretionary	1.72%
20	Max Healthcare Institute Limited	Healthcare	1.7%
21	JINDAL STEEL LIMITED	Materials	1.68%
22	Bharat Heavy Electricals Limited	Industrials	1.67%
23	TVS Motor Company Limited	Consumer Discretionary	1.55%
24	Sun Pharmaceutical Industries Limited	Healthcare	1.45%
25	Nippon Life India Asset Management Limited	Financial Services	1.35%
26	Balrampur Chini Mills Limited	Consumer Staples	1.34%
27	Craftsman Automation Limited	Consumer Discretionary	1.33%
28	Cholamandalam Investment and Finance Company Limited	Financial Services	1.32%
29	Engineers India Limited	Industrials	1.25%
30	Trent Limited	Consumer Discretionary	1.23%
31	The Indian Hotels Company Limited	Consumer Discretionary	1.23%
32	Indian Bank	Financial Services	1.23%
33	Jindal Saw Limited	Industrials	1.21%
34	RBL Bank Limited	Financial Services	1.14%
35	JSW Energy Limited	Utilities	1.11%
36	NTPC Limited	Utilities	1.11%
37	Lupin Limited	Healthcare	1.1%
38	CG Power and Industrial Solutions Limited	Industrials	1.09%
39	UltraTech Cement Limited	Materials	1.09%
40	Safari Industries (India) Limited	Consumer Discretionary	1.06%
41	Pine Labs Limited	Financial Services	1.05%
42	Tata Steel Limited	Materials	1%
43	Mahindra & Mahindra Limited	Consumer Discretionary	1%
44	Power Finance Corporation Limited	Financial Services	0.96%
45	Bikaji Foods International Limited	Consumer Staples	0.95%
46	Persistent Systems Limited	Information Technology	0.95%
47	Lemon Tree Hotels Limited	Consumer Discretionary	0.93%
48	Tech Mahindra Limited	Information Technology	0.93%
49	Triveni Turbine Limited	Industrials	0.9%
50	ICICI Prudential Asset Management Company Limited	Financial Services	0.9%
51	Bharat Electronics Limited	Industrials	0.89%
52	Polycab India Limited	Industrials	0.86%
53	Vinati Organics Limited	Materials	0.77%
54	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.75%
55	KPIT Technologies Limited	Information Technology	0.74%
56	Oil & Natural Gas Corporation Limited	Energy	0.72%
57	Mankind Pharma Limited	Healthcare	0.72%
58	Exide Industries Limited	Consumer Discretionary	0.71%
59	Century Plyboards (India) Limited	Consumer Discretionary	0.69%
60	Gujarat Gas Limited	Utilities	0.69%
61	Sobha Limited	Real Estate	0.67%
62	Godrej Properties Limited	Real Estate	0.66%
63	LTM Limited	Information Technology	0.65%
64	Blue Star Limited	Consumer Discretionary	0.64%
65	Coforge Limited	Information Technology	0.64%
66	UNO Minda Limited	Consumer Discretionary	0.63%
67	DOMS Industries Limited	Consumer Staples	0.62%
68	KEI Industries Limited	Industrials	0.61%
69	Swiggy Limited	Consumer Discretionary	0.61%
70	Hero MotoCorp Limited	Consumer Discretionary	0.56%
71	Hindustan Aeronautics Limited	Industrials	0.51%
72	Vishal Mega Mart Limited	Consumer Discretionary	0.49%
73	Kaynes Technology India Limited	Industrials	0.46%
74	Siemens Limited	Industrials	0.44%
75	Syngene International Limited	Healthcare	0.43%
76	ABB India Limited	Industrials	0.41%
77	Zensar Technologies Limited	Information Technology	0.38%
78	Epigral Limited	Materials	0.29%
79	Net Current Assets (including cash & bank balances)other	—	-0.08%

Frequently Asked Questions

Yes. As of its 30 June 2026 disclosure, ICICI Bank Limited is 3.89% of HSBC ELSS Tax saver Fund's net assets — its number 1 holding.

Yes. As of its 30 June 2026 disclosure, Avalon Technologies Limited is 3.75% of HSBC ELSS Tax saver Fund's net assets — its number 2 holding.

Yes. As of its 30 June 2026 disclosure, HDFC Bank Limited is 3.66% of HSBC ELSS Tax saver Fund's net assets — its number 3 holding.

Yes. As of its 30 June 2026 disclosure, Reliance Industries Limited is 3.02% of HSBC ELSS Tax saver Fund's net assets — its number 4 holding.

Yes. As of its 30 June 2026 disclosure, Shriram Finance Limited is 2.67% of HSBC ELSS Tax saver Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: HSBC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 June 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.