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ELSS (tax saving) · HSBC Mutual Fund · AMFI code 151076HSBC ELSS Tax saver Fund
Disclosed for 26 months, Nov 2022 to Aug 2026.
Portfolio value
₹3,939 Cr
up ₹377 Cr vs Mar 2026
- Stocks held
- 76
- down 1 vs Mar 2026
- Top 10 weight
- 27.7%
- of the portfolio in its ten largest
- Cash & debt
- 1.1%
- cash, money market and debt
- Moves this month
HSBC ELSS Tax saver Fund is an active equity fund in the ELSS (tax saving) category from HSBC Mutual Fund. In April 2026 it disclosed 76 stocks worth ₹3,939 Cr, up ₹377 Cr from Mar 2026. Its largest positions were ICICI Bank Limited (3.7%), HDFC Bank Limited (3.7%), Reliance Industries Limited (3.5%); the ten largest together made up 27.7% of the portfolio, and Banks was the biggest sector at 16.2% of its equity. Cash and debt stood at 1.1%. Compared with Mar 2026 the fund entered 1 new stock and exited 2.
Against 46 other ELSS (tax saving) funds
Concentration
4%
Top-10 weight is higher than 4% of peers
Breadth
85%
Holds more stocks than 85% of peers
Cash
9%
Holds more cash than 9% of peers
What these mean: concentration · cash
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 3.71% | down 0.21 pts | ₹146 Cr | up ₹6.6 Cr | Added |
| HDFC Bank Limited | 3.66% | down 0.18 pts | ₹144 Cr | up ₹7.5 Cr | Added |
| Reliance Industries Limited | 3.46% | down 0.13 pts | ₹136 Cr | up ₹8.3 Cr | Added |
| Larsen & Toubro Limited | 2.75% | up 0.10 pts | ₹108 Cr | up ₹13.8 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.49% | down 0.07 pts | ₹98.1 Cr | up ₹6.8 Cr | Added |
| Avalon Technologies Limited | 2.46% | up 0.07 pts | ₹96.7 Cr | up ₹11.8 Cr | Added |
| GE Vernova T&D India Limited | 2.38% | up 0.23 pts | ₹93.8 Cr | up ₹17.3 Cr | Added |
| State Bank of India | 2.32% | down 0.03 pts | ₹91.4 Cr | up ₹7.6 Cr | Added |
| Bharti Airtel Limited | 2.24% | down 0.10 pts | ₹88.1 Cr | up ₹4.9 Cr | Added |
| Amber Enterprises India Limited | 2.22% | up 0.22 pts | ₹87.4 Cr | up ₹16.1 Cr | Added |
| Infosys Limited | 2.15% | down 0.37 pts | ₹84.7 Cr | down ₹4.9 Cr | Trimmed |
| Jindal Steel & Power Limited | 2.01% | down 0.01 pts | ₹79.1 Cr | up ₹7.1 Cr | Added |
| Eternal Limited | 1.98% | down 0.05 pts | ₹77.8 Cr | up ₹5.7 Cr | Added |
| Karur Vysya Bank Limited | 1.93% | down 0.17 pts | ₹76.1 Cr | up ₹1.1 Cr | Added |
| Axis Bank Limited | 1.92% | up 0.30 pts | ₹75.7 Cr | up ₹18.1 Cr | Added |
| PNB Housing Finance Limited | 1.92% | up 0.39 pts | ₹75.5 Cr | up ₹21 Cr | Added |
| Schaeffler India Limited | 1.76% | down 0.05 pts | ₹69.4 Cr | up ₹4.7 Cr | Added |
| Thangamayil Jewellery Limited | 1.76% | up 0.07 pts | ₹69.3 Cr | up ₹9.3 Cr | Added |
| Pearl Global Industries Limited | 1.69% | up 0.04 pts | ₹66.5 Cr | up ₹7.9 Cr | Added |
| Persistent Systems Limited | 1.62% | down 0.20 pts | ₹63.8 Cr | down ₹1 Cr | Trimmed |
| Indian Bank | 1.62% | up 0.08 pts | ₹63.8 Cr | up ₹8.9 Cr | Added |
| TVS Motor Company Limited | 1.62% | down 0.11 pts | ₹63.7 Cr | up ₹2.4 Cr | Added |
| Max Healthcare Institute Limited | 1.55% | down 0.11 pts | ₹61.1 Cr | up ₹1.9 Cr | Added |
| Oil & Natural Gas Corporation Limited | 1.55% | down 0.08 pts | ₹60.9 Cr | up ₹3 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.46% | down 0.11 pts | ₹57.4 Cr | up ₹1.6 Cr | Added |
| Engineers India Limited | 1.36% | up 0.27 pts | ₹53.5 Cr | up ₹14.8 Cr | Added |
| Balrampur Chini Mills Limited | 1.31% | down 0.07 pts | ₹51.4 Cr | up ₹2.4 Cr | Added |
| Bharat Heavy Electricals Limited | 1.29% | up 0.30 pts | ₹50.8 Cr | up ₹15.4 Cr | Added |
| NTPC Limited | 1.28% | down 0.03 pts | ₹50.5 Cr | up ₹3.6 Cr | Added |
| CG Power and Industrial Solutions Limited | 1.23% | up 0.13 pts | ₹48.4 Cr | up ₹9.4 Cr | Added |
| Nippon Life India Asset Management Limited | 1.22% | up 0.15 pts | ₹47.9 Cr | up ₹9.9 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 1.19% | up 0.05 pts | ₹47 Cr | up ₹6.3 Cr | Added |
| Tata Steel Limited | 1.17% | up 0.39 pts | ₹45.9 Cr | up ₹18.5 Cr | Added |
| UltraTech Cement Limited | 1.16% | down 0.03 pts | ₹45.6 Cr | up ₹3.3 Cr | Added |
| The Indian Hotels Company Limited | 1.14% | up 0.01 pts | ₹44.8 Cr | up ₹4.6 Cr | Added |
| JSW Energy Limited | 1.10% | up 0.08 pts | ₹43.5 Cr | up ₹6.9 Cr | Added |
| Lupin Limited | 1.09% | down 0.12 pts | ₹42.9 Cr | down ₹16 L | Held |
| Jindal Saw Limited | 1.07% | up 0.10 pts | ₹42.1 Cr | up ₹7.5 Cr | Added |
| Cash, TREPS & receivables | 1.06% | down 1.06 pts | ₹41.6 Cr | down ₹33.8 Cr | Trimmed |
| Power Finance Corporation Limited | 1.05% | up 0.07 pts | ₹41.4 Cr | up ₹6.4 Cr | Added |
| Mahindra & Mahindra Limited | 1.04% | down 0.06 pts | ₹41 Cr | up ₹1.9 Cr | Added |
| BIKAJI FOODS INTERNATIONAL LIMITED | 1.03% | down 0.02 pts | ₹40.5 Cr | up ₹3.3 Cr | Added |
| Kaynes Technology India Limited | 1.02% | up 0.06 pts | ₹40.3 Cr | up ₹6.1 Cr | Added |
| Tech Mahindra Limited | 1.01% | down 0.04 pts | ₹39.6 Cr | up ₹2.4 Cr | Added |
| Polycab India Limited | 0.99% | up 0.07 pts | ₹38.9 Cr | up ₹6.1 Cr | Added |
| Triveni Turbine Limited | 0.99% | up 0.15 pts | ₹38.9 Cr | up ₹9.1 Cr | Added |
| Lemon Tree Hotels Limited | 0.97% | up 0.05 pts | ₹38.3 Cr | up ₹5.6 Cr | Added |
| Bharat Electronics Limited | 0.97% | down 0.03 pts | ₹38.1 Cr | up ₹2.7 Cr | Added |
| ICICI Prudential Asset Management Company Limited | 0.92% | up 0.05 pts | ₹36.4 Cr | up ₹5.4 Cr | Added |
| KEI Industries Limited | 0.89% | up 0.07 pts | ₹35.1 Cr | up ₹5.9 Cr | Added |
What changed, Mar 2026 to Apr 2026
New New positions (1)
- Tata Consumer Products Limited0.5% · ₹19.8 Cr
Exited Exited (2)
- Dabur India Limitedwas 0.6% · ₹21.3 Cr
- Varroc Engineering Limitedwas 0.5% · ₹16.4 Cr
Added Biggest additions
- PNB Housing Finance Limitedup ₹21 Cr (+0.39% pts)
- Tata Steel Limitedup ₹18.5 Cr (+0.39% pts)
- Axis Bank Limited ₹18.1 Cr (+0.30% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Mar 2026, the weight rose most in Electrical Equipment (+1.0 pts) and Agricultural Food & Other Products (+0.4 pts), and fell most in IT - Software (−0.8 pts) and Personal Products (−0.6 pts).
- Electrical Equipment8.8% → 9.8%+1.0 pts
- Agricultural Food & Other Products1.4% → 1.8%+0.4 pts
- Finance6.4% → 6.7%+0.4 pts
- Ferrous Metals2.9% → 3.2%+0.4 pts
- Construction3.8% → 4.2%+0.3 pts
- Industrial Products2.8% → 3.0%+0.2 pts
- IT - Software8.4% → 7.7%−0.8 pts
- Personal Products0.6% → 0.0%exited−0.6 pts
- Auto Components4.5% → 4.0%−0.5 pts
- Banks16.5% → 16.2%−0.3 pts
- Pharmaceuticals & Biotechnology3.5% → 3.2%−0.3 pts
- Automobiles3.5% → 3.3%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Apr 2023 | Apr 2025 | Jun 2025 | Jun 2025 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|
| Banks | 21.7% | 16.3% | 15.4% | 15.4% | 16.5% | 16.2% |
| Electrical Equipment | 6.4% | 8.9% | 9.2% | 9.2% | 8.8% | 9.8% |
| IT - Software | 11.6% | 8.8% | 8.9% | 8.9% | 8.4% | 7.7% |
| Finance | 4.2% | 7.1% | 7.4% | 7.4% | 6.4% | 6.7% |
| Consumer Durables | 2.9% | 5.1% | 5.2% | 5.2% | 6.1% | 6.3% |
| Construction | 4.5% | 4.0% | 4.4% | 4.4% | 3.8% | 4.2% |
| Auto Components | 3.8% | 3.9% | 4.3% | 4.3% | 4.5% | 4.0% |
| Retailing | 1.8% | 4.1% | 5.1% | 5.1% | 3.8% | 3.7% |
| Petroleum Products | 5.7% | 3.4% | 3.4% | 3.4% | 3.7% | 3.5% |
| Automobiles | 5.6% | 3.4% | 3.0% | 3.0% | 3.5% | 3.3% |
Allocation in Apr 2026change vs Mar 2026
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Apr 2026
1.1%
▼ 1.1 pts vs Mar 2026
- Cash alone
- 1.0%
- cash and net receivables
- A year earlier
- 0.7%
- Apr 2025 · now ▲ 0.4 pts
- Last 12 months
- 1.1% – 2.1%
- lowest to highest · record 2.5% in Dec 2022
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.