HSBC Tax Saver Equity Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Equity Holding : 93.66% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 93.66%

No of Stocks : 51 (Category Avg - 53.75) | Large Cap Investments : 36.83%| Mid Cap Investments : 4.9% | Small Cap Investments : 25.4% | Other : 26.53%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	51	53.75
Top 5 Stock Weight	26.24%	27.25%
Top 10 Stock Weight	42.38%	43.81%
Top 3 Sector Weight	28.23%	31.83%

Category - ELSS

Particulars	This Scheme	Category
Average mcap (Cr)	103412.01	93693.67
Holdings in large cap stocks	36.83%	39.39%
Holdings in mid cap stocks	4.9%	11.3%
Holdings in small cap stocks	25.4%	16.78%

Category - ELSS

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity
ICICI Bank Ltd.	Private sector bank	167.9	6.82%	-0.19%	7.57% (Apr 2025)	6.13% (Dec 2024)	1.25 L
HDFC Bank Ltd.	Private sector bank	136.9	5.56%	0.06%	5.71% (Feb 2025)	4.71% (Dec 2024)	1.39 L
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	122.2	4.96%	0.66%	4.96% (Oct 2025)	4.05% (Aug 2025)	13.22 k
Reliance Industries Ltd.	Refineries & marketing	111.7	4.54%	0.27%	4.54% (Oct 2025)	3.5% (Dec 2024)	75.16 k
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	107.5	4.36%	0.26%	4.36% (Oct 2025)	3.18% (Dec 2024)	52.30 k
- Infosys Ltd.	Computers - software & consulting	92.6	3.76%	0.00%	6.58% (Feb 2025)	3.76% (Oct 2025)	62.50 k
TVS Motor Company Ltd.	2/3 wheelers	80.9	3.28%	-0.02%	3.3% (Sep 2025)	2.09% (Dec 2024)	23.05 k
State Bank Of India	Public sector bank	80.4	3.26%	0.14%	3.26% (Oct 2025)	2.61% (Dec 2024)	85.80 k
Dixon Technologies (India) Ltd.	Consumer electronics	72.2	2.93%	-0.24%	5.16% (Dec 2024)	2.93% (Oct 2025)	4.66 k
PB Fintech Ltd.	Financial technology (fintech)	71.6	2.91%	0.06%	3.78% (Dec 2024)	2.85% (Sep 2025)	40.10 k

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
ICICI Bank Ltd.	Private sector bank	16.34	167.9	6.82%	-0.19%	7.57% (Apr 2025)	6.13% (Dec 2024)	1.25 L	0.00	Large Cap	36.83
HDFC Bank Ltd.	Private sector bank	16.34	136.9	5.56%	0.06%	5.71% (Feb 2025)	4.71% (Dec 2024)	1.39 L	0.00	Other	26.53
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	4.96	122.2	4.96%	0.66%	4.96% (Oct 2025)	4.05% (Aug 2025)	13.22 k	0.00	Small Cap	25.4
Reliance Industries Ltd.	Refineries & marketing	4.54	111.7	4.54%	0.27%	4.54% (Oct 2025)	3.5% (Dec 2024)	75.16 k	0.00	Large Cap	36.83
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.36	107.5	4.36%	0.26%	4.36% (Oct 2025)	3.18% (Dec 2024)	52.30 k	0.00	Large Cap	36.83
- Infosys Ltd.	Computers - software & consulting	4.7	92.6	3.76%	0.00%	6.58% (Feb 2025)	3.76% (Oct 2025)	62.50 k	0.00	Large Cap	36.83
TVS Motor Company Ltd.	2/3 wheelers	3.32	80.9	3.28%	-0.02%	3.3% (Sep 2025)	2.09% (Dec 2024)	23.05 k	0.00	Mid Cap	4.9
State Bank Of India	Public sector bank	3.26	80.4	3.26%	0.14%	3.26% (Oct 2025)	2.61% (Dec 2024)	85.80 k	0.00	Large Cap	36.83
Dixon Technologies (India) Ltd.	Consumer electronics	2.93	72.2	2.93%	-0.24%	5.16% (Dec 2024)	2.93% (Oct 2025)	4.66 k	0.00	Other	26.53
PB Fintech Ltd.	Financial technology (fintech)	2.91	71.6	2.91%	0.06%	3.78% (Dec 2024)	2.85% (Sep 2025)	40.10 k	0.00	Other	26.53
Prudent Corporate Advisory Services Ltd.	Financial products distributor	2.79	68.7	2.79%	-0.10%	3.25% (May 2025)	2.11% (Feb 2025)	26.90 k	0.00	Other	26.53
Amber Enterprises India Ltd.	Household appliances	2.72	67.1	2.72%	-0.10%	4.26% (Jul 2025)	2.52% (Aug 2025)	8.35 k	0.00	Small Cap	25.4
KEI Industries Ltd.	Cables - electricals	2.68	66.1	2.68%	-0.10%	3.45% (Dec 2024)	2.09% (Mar 2025)	16.40 k	0.00	Small Cap	25.4
Axis Bank Ltd.	Private sector bank	16.34	64.5	2.62%	0.15%	2.63% (Apr 2025)	2.13% (Dec 2024)	52.30 k	0.00	Large Cap	36.83
Titan Company Ltd.	Gems, jewellery and watches	3.56	57.3	2.33%	0.18%	2.33% (Oct 2025)	1.91% (Dec 2024)	15.30 k	0.00	Large Cap	36.83
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	6.93	51.6	2.09%	0.06%	2.45% (Dec 2024)	2.02% (Aug 2025)	30.50 k	0.00	Large Cap	36.83
Wockhardt Ltd.	Pharmaceuticals	6.93	46.3	1.88%	-0.40%	2.44% (Jun 2025)	1.4% (Nov 2024)	36.10 k	0.00	Small Cap	25.4
Swiggy Ltd.	E-retail/ e-commerce	3.1	44.9	1.82%	-0.11%	1.93% (Sep 2025)	0% (Nov 2024)	1.10 L	0.00	Other	26.53
Radico Khaitan Ltd.	Breweries & distilleries	1.67	41	1.67%	0.09%	1.67% (Oct 2025)	1.21% (Jan 2025)	13.10 k	0.00	Small Cap	25.4
- Lupin Ltd.	Pharmaceuticals	6.93	37.5	1.52%	0.00%	1.73% (Feb 2025)	1.46% (Jun 2025)	19.10 k	0.00	Large Cap	36.83
Phoenix Mills Ltd.	Residential, commercial projects	2.77	37	1.50%	0.07%	1.64% (Nov 2024)	1.31% (Jul 2025)	22.00 k	0.00	Small Cap	25.4
Larsen & Toubro Ltd.	Civil construction	2.07	36.4	1.48%	0.10%	2.24% (Nov 2024)	1.28% (Apr 2025)	9.04 k	0.00	Large Cap	36.83
Kotak Mahindra Bank Ltd.	Private sector bank	16.34	32.9	1.34%	0.04%	1.5% (Mar 2025)	0% (Nov 2024)	15.65 k	0.00	Large Cap	36.83
Eternal Ltd.	E-retail/ e-commerce	3.1	31.7	1.28%	-0.07%	1.35% (Sep 2025)	0% (Nov 2024)	99.60 k	0.00	Other	26.53
DLF Ltd.	Residential, commercial projects	2.77	31.2	1.27%	0.04%	1.82% (Nov 2024)	1.18% (Apr 2025)	41.30 k	0.00	Large Cap	36.83
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	3.56	30.2	1.23%	0.11%	1.74% (Dec 2024)	1.12% (Sep 2025)	59.20 k	0.00	Other	26.53
Epigral Ltd.	Specialty chemicals	2.09	29.2	1.19%	-0.03%	1.45% (Mar 2025)	1.19% (Oct 2025)	17.30 k	0.00	Other	26.53
- Poly Medicure Ltd.	Medical equipment & supplies	1.95	27.6	1.12%	0.00%	1.51% (Apr 2025)	1.07% (Jul 2025)	13.80 k	0.00	Small Cap	25.4
PVR Inox Ltd.	Film production, distribution & exhibition	1.1	27.2	1.10%	0.09%	1.33% (Nov 2024)	0.86% (Jun 2025)	22.50 k	0.00	Small Cap	25.4
Motherson Sumi Wiring India Ltd.	Auto components & equipments	1.1	27	1.10%	0.01%	1.1% (Oct 2025)	0.85% (Dec 2024)	5.73 L	0.00	Other	26.53
KEC International Ltd.	Heavy electrical equipment	2.06	26.4	1.07%	-0.11%	1.48% (Dec 2024)	0.96% (Apr 2025)	32.30 k	0.00	Small Cap	25.4
CCL Products (India) Ltd.	Tea & coffee	1.05	25.8	1.05%	-0.01%	1.09% (Aug 2025)	0.73% (Mar 2025)	30.00 k	0.00	Small Cap	25.4
- GE T&D India Ltd.	Heavy electrical equipment	2.06	24.3	0.99%	0.00%	0.99% (Sep 2025)	0.51% (Feb 2025)	8.00 k	0.00	Small Cap	25.4
Entero Healthcare Solutions Ltd.	Pharmacy retail	0.96	23.7	0.96%	-0.03%	1.1% (Jul 2025)	0.75% (May 2025)	21.40 k	0.00	Other	26.53
KPIT Technologies Ltd.	Computers - software & consulting	4.7	23.2	0.94%	0.03%	0.98% (Aug 2025)	0.58% (Jun 2025)	19.90 k	0.00	Other	26.53
Indo Count Industries Ltd.	Other textile products	1.46	22.5	0.91%	0.02%	1.03% (Apr 2025)	0% (Nov 2024)	79.25 k	0.00	Small Cap	25.4
Mankind Pharma Ltd.	Pharmaceuticals	6.93	22.4	0.91%	-0.04%	0.97% (Jul 2025)	0% (Nov 2024)	9.40 k	0.00	Other	26.53
Godrej Consumer Products Ltd	Personal care	0.91	22.4	0.91%	-0.06%	1.07% (Apr 2025)	0.83% (Dec 2024)	20.00 k	0.00	Large Cap	36.83
Gujarat Fluorochemicals Ltd.	Specialty chemicals	2.09	22.2	0.90%	-0.02%	1.05% (Mar 2025)	0.84% (Aug 2025)	5.94 k	0.00	Other	26.53
- Kajaria Ceramics Ltd.	Ceramics	0.88	21.7	0.88%	0.00%	0.9% (Aug 2025)	0.62% (Apr 2025)	18.00 k	0.00	Small Cap	25.4
Gokaldas Exports Ltd.	Garments & apparels	0.88	21.7	0.88%	0.10%	1.12% (Dec 2024)	0.72% (Aug 2025)	25.90 k	0.00	Small Cap	25.4
Bharat Electronics Ltd.	Aerospace & defense	0.86	21.3	0.86%	0.02%	0.86% (Oct 2025)	0.56% (Dec 2024)	50.00 k	0.00	Mid Cap	4.9
Kirloskar Pneumatic Co. Ltd.	Compressors, pumps & diesel engines	0.85	20.8	0.85%	-0.08%	1.27% (Nov 2024)	0.85% (Oct 2025)	18.63 k	0.00	Small Cap	25.4
Laxmi Dental Ltd.	Medical equipment & supplies	1.95	20.6	0.83%	-0.06%	1.12% (Jun 2025)	0% (Nov 2024)	65.40 k	0.00	Other	26.53
Rural Electrification Corporation Limited	Financial institution	0.76	18.7	0.76%	-0.02%	1.02% (Nov 2024)	0.73% (Aug 2025)	50.00 k	0.00	Mid Cap	4.9
Global Health Ltd.	Hospital	0.64	15.7	0.64%	-0.02%	0.68% (Aug 2025)	0.5% (Dec 2024)	12.00 k	0.00	Other	26.53
PNC Infratech Ltd.	Civil construction	2.07	14.4	0.59%	-0.04%	0.7% (Jan 2025)	0.58% (Apr 2025)	51.50 k	0.00	Small Cap	25.4
- Ganesha Ecosphere Ltd.	Other textile products	1.46	13.5	0.55%	0.00%	0.66% (Jul 2025)	0.42% (Apr 2025)	11.10 k	0.00	Small Cap	25.4
Divis Laboratories Ltd.	Pharmaceuticals	6.93	13.1	0.53%	0.07%	0.53% (Oct 2025)	0% (Nov 2024)	1.95 k	0.00	Large Cap	36.83
Vijaya Diagnostic Centre Ltd.	Healthcare service provider	0.5	12.4	0.50%	-0.02%	0.56% (Mar 2025)	0% (Nov 2024)	12.50 k	0.00	Other	26.53
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	3.32	0.9	0.04%	0.00%	0% (Nov 2025)	0% (Nov 2025)	92.20 k	0.00	Other	26.53
Sterling and Wilson Solar Private Ltd.	Civil construction	2.07	10	0.00%	-0.42%	-	-	-	-	Other	26.53
Asian Paints (india) Ltd.	Paints		12.9	0.00%	-0.54%	-	-	-	-	Large Cap	36.83

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Sterling and Wilson Solar Private Ltd.	Civil construction	10	0.00%	-0.42%	0.78% (Nov 2024)	0% (Nov 2024)	0.00	-41450
Asian Paints (india) Ltd.	Paints	12.9	0.00%	-0.54%	0.57% (Feb 2025)	0% (Nov 2024)	0.00	-5500

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
ICICI Bank Ltd.	6.82%	7.01%	7.24%	7.40%	7.12%	7.38%	7.57%	7.43%	7.14%	6.61%	6.13%	6.24%	6.25%
HDFC Bank Ltd.	5.56%	5.50%	5.48%	5.60%	5.48%	5.52%	5.67%	5.60%	5.71%	4.98%	4.71%	4.79%	4.66%
Infosys Ltd.	3.76%	3.76%	3.81%	3.78%	3.95%	4.00%	3.99%	4.33%	6.58%	6.53%	5.92%	5.86%	5.59%
Multi Commodity Exchange Of India Ltd.	4.96%	4.30%	4.05%	4.07%	4.67%	4.44%	4.29%	4.34%	4.39%	4.49%	4.42%	4.40%	4.67%
Reliance Industries Ltd.	4.54%	4.27%	4.23%	4.18%	4.45%	4.37%	4.49%	4.23%	4.29%	4.02%	3.50%	3.73%	3.88%
Dixon Technologies (India) Ltd.	2.93%	3.17%	3.23%	3.82%	3.35%	3.40%	3.96%	4.13%	4.70%	4.50%	5.16%	5.06%	4.54%
Bharti Airtel Ltd.	4.36%	4.10%	4.10%	4.01%	4.15%	3.97%	4.15%	4.00%	3.90%	3.60%	3.18%	3.27%	3.27%
Amber Enterprises India Ltd.	2.72%	2.82%	2.52%	4.26%	3.57%	3.55%	3.49%	4.25%	4.01%	4.13%	4.25%	3.50%	3.51%
PB Fintech Ltd.	2.91%	2.85%	2.95%	2.91%	2.89%	3.37%	3.23%	3.28%	3.25%	3.42%	3.78%	3.41%	3.08%
Prudent Corporate Advisory Services Ltd.	2.79%	2.89%	3.13%	3.15%	2.88%	3.25%	2.53%	2.77%	2.11%	2.31%	2.82%	3.15%	3.77%
State Bank Of India	3.26%	3.12%	2.86%	2.74%	2.78%	2.85%	2.88%	2.92%	2.81%	2.81%	2.61%	2.77%	2.73%
KEI Industries Ltd.	2.68%	2.78%	2.59%	2.52%	2.45%	2.42%	2.14%	2.09%	2.39%	2.79%	3.45%	3.37%	3.19%
TVS Motor Company Ltd.	3.28%	3.30%	3.13%	2.59%	2.65%	2.62%	2.62%	2.46%	2.44%	2.40%	2.09%	2.16%	2.23%
Axis Bank Ltd.	2.62%	2.47%	2.27%	2.24%	2.48%	2.55%	2.63%	2.54%	2.52%	2.18%	2.13%	2.28%	2.35%
Sun Pharmaceutical Industries Ltd.	2.09%	2.03%	2.02%	2.08%	2.02%	2.09%	2.38%	2.34%	2.31%	2.25%	2.45%	2.32%	2.43%