HSBC Brazil Fund
HSBC Mutual Fund · International FoF · Direct plan, growth option
NAV (₹), 1 Oct 2026
11.6266
1-day change
-0.86%
1Y return
27.7%
3Y CAGR
15.9%
5Y CAGR
10.5%
Max drawdown, 5Y
−28.9%
NAV history month-end NAV, ₹ · 3 Jan 2013 to 1 Oct 2026
Returns vs International FoF median (49 schemes) and “Global / multi-region” median (15)
| Period | Scheme | Category median | Global / multi-region median |
|---|---|---|---|
| 1 month | 0.9% | -0.4% | 0.9% |
| 3 months | 6.8% | 1.0% | 3.1% |
| 6 months | -3.9% | 14.1% | 15.2% |
| Year to date | 18.7% | 17.5% | 14.4% |
| 1 year | 27.7% | 21.9% | 19.5% |
| 3 years (CAGR) | 15.9% | 25.1% | 23.2% |
| 5 years (CAGR) | 10.5% | 12.9% | 11.8% |
| 7 years (CAGR) | 3.8% | 15.1% | 13.8% |
| 10 years (CAGR) | 5.4% | 12.4% | 11.4% |
| Since first NAV (CAGR) | 1.1% | – | – |
“Global / multi-region” is MFIC's grouping of International FoF schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 5.2% | 11.9% |
| 3Y rolling median | 1.4% | 11.5% |
| 3Y rolling worst | -28.2% | -2.6% |
| 3Y periods positive | 56% | 99% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | -0.2% | 9.9% |
| 5Y rolling worst | -10.1% | 2.5% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 23.2% | 17.2% |
| Sharpe ratio | 0.47 | 1.22 |
| Sortino ratio | 0.88 | 2.23 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −65.1% | −30.1% |
| Maximum drawdown, last 10Y | −54.2% | −34.8% |
| Maximum drawdown, last 5Y | −28.9% | −27.5% |
| Current drawdown | −9.7% | −4.6% |
| Recovery time of worst fall | 1440 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +23.7% · 3Y +27.1% p.a. · 5Y +18.1% p.a. (index fund NAV, after costs)
- −0.8% from its 52-week high (proxy NAV)
- 1Y +33.7% · 3Y +33.9% p.a. · 5Y +21.9% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
- 1Y +0.1% · 3Y +19.7% p.a. · 5Y +7.8% p.a. (index fund NAV, after costs)
- −7.0% from its 52-week high (proxy NAV)
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.44% a year and the Direct plan's 0.92%, a gap of 0.52%; over the last 3 years the Direct plan returned 0.63 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹12,40,672.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Sonal Gupta | Primary - Overseas Investment | 2 Dec 2022 |
Objective: To provide long term capital appreciation by investing predominantly in units / shares of HSBC Global Investment Funds (HGIF) Brazil Equity Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of liquid mutual fund schemes, in order to meet liquidity requirements from time to time. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Stated asset allocation: Units / shares of HGIF Brazil Equity Fund- 95%-100% Money Market instruments (including TREPS & reverse repo) and / or units of liquid mutual fund schemes- 0%-5%
Benchmark (tier 1): MSCI Brazil 10/40 Index TRI
Exit load: Exit Load : (i) In respect of each purchase /switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. (ii) No Exit Load will be charged, if Units are redeemed/switched-out after 1 year from the date of allotment. The exit loads set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively.
Minimum application: 5000 Note - Subscriptions through lumpsum purchases, switch-ins and fresh registration of Systematic Investment Plan (‘SIP’), Systematic Transfer Plan (‘STP’) and Income Distribution cum Capital Withdrawal Option (“IDCW”) Transfer Plan in the Schemes of the Fund is temporarily suspended w.e.f. Aug 26, 2026
Allotment date: 6 May 2011
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.92% | 0.59% |
| AUM, whole scheme (₹ crore) | 353 | 328 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 28.0% | 37.3% TRI |
| Return, 3 years (AMFI) | 16.2% | 19.5% TRI |
| Return, 5 years (AMFI) | 11.0% | 16.5% TRI |
| Month-ends above category median (3Y CAGR) | 18% | 54% median |
| Month-ends in category top quartile (3Y) | 13% | 15% median |
| 7Y rolling CAGR, median (monthly windows) | 0.4% | 8.9% median |
Official benchmark: MSCI Brazil 10/40 Index TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, International FoF Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 18.7% | n/a | – |
| 2025 | 56.1% | n/a | – |
| 2024 | -28.7% | n/a | – |
| 2023 | 25.6% | n/a | – |
| 2022 | 15.5% | n/a | – |
| 2021 | -26.4% | n/a | – |
| 2020 | -22.4% | n/a | – |
| 2019 | 28.1% | n/a | – |
| 2018 | 6.9% | n/a | – |
| 2017 | 12.2% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,28,882 | 14.0% |
| 3 years | ₹3,60,000 | ₹4,97,760 | 22.2% |
| 5 years | ₹6,00,000 | ₹8,97,646 | 16.1% |
| 10 years | ₹12,00,000 | ₹17,96,424 | 7.8% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HSBC Mutual Fund
Category: International FoF
Plan / option: Direct · Growth
AMFI scheme code: 120035
ISIN: INF336L01BY4
First NAV in MFIC data: 3 Jan 2013
History: 13.7 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Motilal Oswal Developed Market Ex US ETFs Overseas Equity Passive FOF | International FoF | 0.64 | 23.1% |
| Baroda BNP Paribas Aqua Fund of Fund | International FoF | 0.58 | 15.1% |
| ICICI Prudential Global Stable Equity Fund (FOF) | International FoF | 0.56 | 13.7% |
| ICICI Prudential Strategic Metal and Energy Equity Fund of Fund | International FoF | 0.55 | 35.0% |
| ICICI Prudential Passive Multi-Asset Fund of Funds | Domestic FoF | 0.54 | 12.7% |
| Invesco India - Invesco Pan European Equity Fund of Fund | International FoF | 0.54 | 20.6% |
Questions about HSBC Brazil Fund
- What is the latest NAV of HSBC Brazil Fund?
- The NAV of the Direct plan (growth option) was ₹11.6266 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Brazil Fund in?
- It is classified as International FoF in AMFI's daily NAV file. MFIC compares it with 49 International FoF schemes (Direct plans).
- What returns has HSBC Brazil Fund delivered?
- Over one year the NAV changed by 27.7%. The 3-year CAGR is 15.9% (category median 25.1%) and the 5-year CAGR is 10.5% (category median 12.9%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 1.4%, the lowest was -28.2%, and 56% of 3-year periods ended with a gain.
- What was the largest fall in HSBC Brazil Fund's NAV?
- The largest peak-to-trough fall in its available history was 65.1%; within the last five years it was 28.9% (category median 27.5%).
- How volatile is HSBC Brazil Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 23.2%, which is above the International FoF category median of 17.2%.
- What would a monthly SIP in HSBC Brazil Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,97,646 on 1 Oct 2026, an annualised return (XIRR) of 16.1%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of HSBC Brazil Fund?
- The total expense ratio of the Direct plan is 0.92% a year, as disclosed to AMFI (median of International FoF Direct plans: 0.59%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Brazil Fund?
- Assets under management of the whole scheme were ₹353 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Brazil Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HSBC Brazil Fund and how has it compared?
- Its official benchmark is the MSCI Brazil 10/40 Index TRI. Over 3 years AMFI reports a return of 16.2% for this plan against 19.5% for the benchmark total return index; over 5 years 11.0% against 16.5%. Past performance does not indicate future results.
- How often has HSBC Brazil Fund beaten its category?
- At 18% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of International FoF schemes (Direct plans); it was in the top quarter at 13% of them. A typical scheme would show about 50%.
- Who manages HSBC Brazil Fund?
- According to its Scheme Summary Document, HSBC Brazil Fund is managed by Sonal Gupta (since 2 Dec 2022).
- What is the exit load of HSBC Brazil Fund?
- As stated in its scheme documents: Exit Load : (i) In respect of each purchase /switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. (ii) No Exit Load will be charged, if Units are redeemed/switched-out after 1 year from the date of allotment. The exit loads set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HSBC Brazil Fund?
- The minimum application amount is 5000 Note - Subscriptions through lumpsum purchases, switch-ins and fresh registration of Systematic Investment Plan (‘SIP’), Systematic Transfer Plan (‘STP’) and Income Distribution cum Capital Withdrawal Option (“IDCW”) Transfer Plan in the Schemes of the Fund is temporarily suspended w.e.f. Aug 26, 2026. SIP details: SIP - Daily / Weekly / Monthly - 500 / 500 / 1000 ; Quarterly - 1500 ; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1.STP - 500 ; The minimum amount required under the source scheme for registering STP is Rs. 6,000. SWP - Monthly - 500 ; Quarterly - 1500 Note - Subscriptions through lumpsum purchases, switch-ins and fresh registration of Systematic Investment Plan (‘SIP’), Systematic Transfer Plan (‘STP’) and Income Distribution cum Capital Withdrawal Option (“IDCW”) Transfer Plan i….
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 27.7% and the Regular plan's by 27.0%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.