About HSBC Brazil Fund
HSBC Brazil Fund is a fund of funds (overseas) managed by HSBC Mutual Fund. Fund of funds that invest in international mutual funds or ETFs, giving exposure to markets such as the US.
The primary investment objective of the Scheme is 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.
The scheme's stated objective, as published by HSBC Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
How gains are taxed depends on what the scheme holds — equity, debt, gold or units of other funds each follow different rules. The scheme document states which applies.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹9.8129 | 120035 |
| Direct | IDCW | ₹9.8044 | 120036 |
| Regular | Growth | ₹8.9098 | 115116 |
| Regular | IDCW | ₹8.9098 | 115117 |
Frequently asked questions
What is the NAV of HSBC Brazil Fund today?
The NAV of HSBC Brazil Fund (Direct plan, Growth) is ₹9.8129 and the Regular plan NAV is ₹8.9098, as of 12 Nov 2026.
What returns has HSBC Brazil Fund given?
Over the last year the Direct plan returned 0.7%, and 7.9% a year over 3 years and 8.53% a year over 5 years. That places it 46 of 46 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of HSBC Brazil Fund?
The Direct plan charges 0.92% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
How much has HSBC Brazil Fund fallen in the past?
Its deepest fall was 54.2% from 3 Jan 2020 to 23 Mar 2020. Of every one-year stretch in its history, 66% ended in a gain.
Which category does HSBC Brazil Fund belong to?
It is a Fund of Funds (Overseas) from HSBC Mutual Fund. Fund of funds that invest in international mutual funds or ETFs, giving exposure to markets such as the US.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from HSBC Brazil Fund taxed?
How gains are taxed depends on what the scheme holds — equity, debt, gold or units of other funds each follow different rules. The scheme document states which applies.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.