HSBC Brazil Fund

Fund of FundsDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

HSBC Brazil Fund is a mutual fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹353 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 11.6% a year and its Regular plan returned 11.0% a year.

NAV (Direct plan): ₹10.26; ▼ 0.64%29-10-2026
NAV (Regular plan): ₹9.32; ▼ 0.64%29-10-2026
Expense ratio: 0.92%Direct1.44%Regular; 0.92%; A year
Riskometer: Very High; Set by the fund house
3 year return: 11.6%Direct11.0%Regular; 11.6%; A year

HSBC Brazil Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹10.26 (down 0.64% that day); Regular Plan Growth ₹9.32 (down 0.64% that day).

This fund (Direct plan)

₹10.2572

HSBC Brazil Fund Returns

Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−10.63%	−9.25%	−16.60%	+10.68%	+11.63%	+10.22%	+2.97%
This fund (Regular)	−10.66%	−9.37%	−16.82%	+10.10%	+11.02%	+9.54%	+2.26%
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. This fund's benchmark is MSCI Brazil 10/40 Index TRI. Returns of that index are not available to us.

HSBC Brazil Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+4.76%	+4.31%
2025	+56.08%	+55.24%
2024	−28.70%	−29.09%
2023	+25.60%	+24.75%
2022	+15.50%	+14.62%
2021	−26.39%	−26.98%

HSBC Brazil Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,462 periods, one for each trading day from 04-01-2016 to 29-10-2026.

−40%−20%0%20%40%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

HSBC Brazil Fund (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	2,910	5.4%	−53.8%	104.4%	42%
2 years	2,688	1.3%	−35.6%	51.2%	46%
3 years	2,462	1.5%	−28.2%	37.5%	44%
5 years	2,014	−0.0%	−10.1%	17.2%	50%
7 years	1,563	0.5%	−9.3%	10.0%	44%
10 years	881	−0.1%	−4.5%	11.8%	52%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	154	8.4%	−67.8%	80.9%	40%
2 years	142	5.3%	−44.8%	48.4%	41%
3 years	130	4.5%	−35.5%	31.6%	32%
5 years	106	2.2%	−11.0%	20.1%	38%
7 years	82	0.6%	−9.6%	14.0%	43%
10 years	46	1.9%	−2.3%	9.7%	24%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. Past returns do not promise future returns.

HSBC Brazil Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	HSBC Brazil Fund (Direct)This fund
Return (CAGR)	+10.68%
Standard deviation	36.63%
Sharpe ratio	0.15
Sortino ratio	0.21
Maximum drawdown	−25.8% (29-10-2026)

From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	HSBC Brazil Fund (Direct)This fund
Return (CAGR)	+11.63%
Standard deviation	27.20%
Sharpe ratio	0.21
Sortino ratio	0.29
Maximum drawdown	−28.8% (30-12-2024)

From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	HSBC Brazil Fund (Direct)This fund
Return (CAGR)	+10.22%
Standard deviation	29.22%
Sharpe ratio	0.15
Sortino ratio	0.22
Maximum drawdown	−28.9% (14-07-2022)

From daily NAVs, 29-10-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	HSBC Brazil Fund (Direct)This fund
Return (CAGR)	+2.97%
Standard deviation	32.51%
Sharpe ratio	-0.07
Sortino ratio	-0.10
Maximum drawdown	−54.2% (23-03-2020)

From daily NAVs, 28-10-2016 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	HSBC Brazil Fund (Direct)This fund
Return (CAGR)	+0.13%
Standard deviation	31.89%
Sharpe ratio	-0.19
Sortino ratio	-0.26
Maximum drawdown	−65.1% (20-01-2016)

From daily NAVs, 03-01-2013 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−80%−60%−40%−20%0%

2014201620182020202220242026

HSBC Brazil Fund (Direct)

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Brazil Fund (Direct)	−65.1%	03-09-2014	20-01-2016	30-12-2019	47 months	−25.8%

From the Direct plan's daily NAV since 03-01-2013, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

HSBC Brazil Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio
Direct	0.78%	0.00%	0.00%	0.14%	0.92%
Regular	1.22%	0.00%	0.00%	0.22%	1.44%

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	10.10%	10.68%	0.58%	₹1,10,100	₹1,10,680
3 years	11.02%	11.63%	0.61% a year	₹1,36,837	₹1,39,105
5 years	9.54%	10.22%	0.68% a year	₹1,57,712	₹1,62,668
10 years	2.26%	2.97%	0.71% a year	₹1,25,043	₹1,34,001

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

HSBC Brazil Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 03-01-2013 to 29-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHSBC Brazil Fund (Direct)	₹16,60,000	₹22,52,638	₹5,92,638	4.3%
Regular planHSBC Brazil Fund (Regular)	₹16,60,000	₹21,49,239	₹4,89,239	3.6%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planHSBC Brazil Fund (Direct)Regular planHSBC Brazil Fund (Regular)Amount invested

From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

HSBC Brazil Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

97.0%Equity

Asset	Fund
Equity	97.0%
Cash and others	3.0%

Market cap of stocks

Market cap	Fund
Large Cap	0.0%
Mid Cap	0.0%
Small Cap	0.0%
Foreign stocks	97.0%

Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

HSBC Brazil Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

International - Mutual Fund Units97.0%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
International - Mutual Fund Units	97.4%	97.8%	97.0%	−0.4%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

HSBC Brazil Fund Portfolio Holdings

As on 30-09-2026 · 1 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	Holdings trend	1M change
HSBC GIF Brazil Equity Fund	International - Mutual Fund Units	97.01%		−1.8%

HSBC Brazil Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

HSBC GIF Brazil Equity Fund	Reduced	−1.8%	97.01%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What HSBC Brazil Fund bought and sold

HSBC Brazil Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.92%
Expense ratio (Regular): 1.44%
Category: Fund of Funds
Risk: Very High
Benchmark: MSCI Brazil 10/40 Index TRI
Launch date: 06-05-2011
AUM: ₹352.83 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 120035
ISIN (Direct): INF336L01BY4
Scheme code (Regular): 115116
ISIN (Regular): INF336L01164
NAV history: From 03-01-2013, 13.8 years

Minimum investment: 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 t
Minimum additional investment: 1000 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 t
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.

Tax on HSBC Brazil Fund returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹10.2572	29-10-2026
direct	IDCW	₹10.2484	29-10-2026
regular	Growth	₹9.3151	29-10-2026
regular	IDCW	₹9.3151	29-10-2026

About HSBC Brazil Fund

HSBC Brazil Fund is a mutual fund from HSBC Mutual Fund. Its category is Fund of Funds. It was launched on 06-05-2011. Its benchmark is MSCI Brazil 10/40 Index TRI. At the end of September 2026 it held 1 securities.

Fund Manager

Sonal Gupta
Fund manager of HSBC Brazil Fund, since 02-12-2022

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹352.83 Cr; +4.53% from August 2026
August 2026: ₹337.53 Cr; −7.60% from July 2026
July 2026: ₹365.29 Cr; +5.69% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Frequently Asked Questions for HSBC Brazil Fund

What is the current NAV of HSBC Brazil Fund?

The Direct plan NAV is ₹10.2572. The Regular plan NAV is ₹9.3151, as on 29-10-2026.

What are the returns of HSBC Brazil Fund?

The Direct plan returned +10.68% in 1 year, +11.63% a year over 3 years, +10.22% a year over 5 years. The Regular plan returned +10.10% in 1 year, +11.02% a year over 3 years, +9.54% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of HSBC Brazil Fund?

The Direct plan charges 0.92% a year. The Regular plan charges 1.44% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HSBC Brazil Fund?

HSBC Brazil Fund managed ₹352.83 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Brazil Fund?

At the end of September 2026 the largest holdings were HSBC GIF Brazil Equity Fund (97.01%). The fund held 1 securities in all.

What did HSBC Brazil Fund buy and sell in September 2026?

It reduced 1.

How do I invest in HSBC Brazil Fund?

Through HSBC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least 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 t. You can invest once or through a monthly SIP.

Who is the fund manager of HSBC Brazil Fund?

Sonal Gupta (since 02-12-2022).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.