HSBC Brazil Fund Direct Growth NAV today
AMFI: 120035ISIN: INF336L01BY4MUTF_IN: HSBC_BRAZ_DIR_1Y66H9HHSBC Mutual FundOverseas Fund of Funds
NAV ₹10.2572down ₹0.07 (0.64%)
NAV for 29 Oct 2026, against 28 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹9.3151, −0.64% · Regular IDCW ₹9.3151 · Direct IDCW ₹10.2484
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹353 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 0.92%27 Oct 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 130 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 6 May 2011
HSBC Brazil Fund returns
Direct Growth plan
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +27.96% | +37.31% |
| 3 years | +16.18% | +19.46% |
| 5 years | +11.04% | +16.48% |
| 10 years | +5.51% | +10.47% |
| Since launch | +1.12% | +6.42% |
Benchmark: MSCI Brazil 10/40 Index TRI. Both as the fund house states them for the month.
₹10,000 put in on 26 Oct 2026, the first price after the NAV last changed level, is ₹9,843 at the NAV of 29 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossary
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Loss
Highest year to Dec 2016, +62.2%; lowest year to Dec 2015, −42.6%
Rolling returns
Per cent a year, every window from 3 Jan 2013 to 29 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year2,906 windows−53.8%+4.7%+103.2%58.0%
3 years2,458 windows−28.1%+1.7%+37.4%56.0%
5 years2,010 windows−10.1%+1.2%+17.2%49.6%
10 years877 windows−4.4%+1.5%+11.8%47.9%
HSBC Brazil Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 0.52 ptsA year, on 27 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 0.92%Over the last 30 days filed
- Regular, 30-day average
- 1.44%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.16%, Mar 2019.Direct plan lowest 0.73%, Aug 2019.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.78% | 1.22% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | 0.14% | 0.22% |
Per cent of assets a year, filed for 27 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
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.MoreLess
Buying and selling
- Lump-sum purchases
- Not accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- Largest purchase
- ₹2,00,000
- SIP
- Not accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
As listed for this plan on 30 Oct 2026.
How HSBC Brazil Fund is taxed
Gains on units held over 24 months are taxed at 12.5%, with no yearly exemption; gains on units held 24 months or less at the income tax slab rate.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 1 Apr 2025, checked 27 Oct 2026. Surcharge and cess are not included.
HSBC Brazil Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹353 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 64.8%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹375 Cr, quarter to Jun 2026.
Assets at each month end
Highest ₹396 Cr, Apr 2026.Lowest ₹12 Cr, Mar 2020.
HSBC Brazil Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|
| HSBC GIF Brazil Equity FundInternational - Mutual Fund Units | 97.01% | 342.29 | 22,58,789 | May 2023or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Treps | 3.06% | 10.80 |
| Net Current Assets (including cash & bank balances) | −0.07% | −0.26 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Units of other funds97.01%
- Cash and receivables2.99%
Per cent of the fund's net assets.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 0
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 0
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 0.78%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| HSBC GIF Brazil Equity Fund | Trimmed | 97.01% | 97.79% | −0.78 pts | −41,157 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC GIF Brazil Equity Fund | 95.73%Added | 94.98%Added | 97.97%Added | 97.98%Cut | 98.97% | 96.45%Cut | 98.66% | 95.55% | 97.16%Added | 97.40% | 97.79%Cut | 97.01%Cut |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
HSBC Brazil Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Sonal GuptaPrimary - Overseas Investment | Dec 2022 | +16.96%a year | – | – | – | – | 4 | ₹2,703 Cr₹953 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| HSBC Focused FundSonal Gupta | – | – | – | ₹1,751 Cr | |
| HSBC Global Emerging Markets FundSonal Gupta | Dec 2022 | +19.20%a year | – | – | ₹513 Cr |
| HSBC Asia Pacific (Ex Japan) Dividend Yield FundSonal Gupta | Dec 2022 | +19.21%a year | – | – | ₹86 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Aug 20261 month | Very High | Very HighMSCI Brazil 10/40 Index TRI |
| Dec 2025 to Jun 20267 months | Very High | Very HighMSCI Brazil 10/40 Index TRI |
| Dec 2024 to Oct 202511 months | Very High | Very HighMSCI Brazil 10/40 Index TRI |
| Dec 2023 to Oct 202411 months | Very High | MSCI Brazil 10/40 Index TRI |
| Dec 2022 to Oct 202311 months | Very High | MSCI Brazil 10/40 Index TRI |
| Feb 2022 to Oct 20229 months | Very High | MSCI Brazil 10/40 Index TRI |
| Dec 20211 month | Very High | MSCI Brazil 10/40 Index TRI |
| Oct 20211 month | Very High | MSCI Brazil 10/40 Index TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Fund details
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.
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%
Type of scheme
An Open-Ended Fund of Funds Scheme investing in HSBC Global Investments Fund - Brazil Equity Fund.
- Stated category
- Fund of Funds (Overseas)
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary
- MSCI Brazil 10/40 Index TRI
- New fund offer
- 15 Apr 2011 to 29 Apr 2011
- Units first allotted
- 6 May 2011
- Open for sale again
- 9 May 2011
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 120035 | INF336L01BY4 | HSBC_BRAZ_DIR_1Y66H9H | 3 Jan 2013 | |
| Regular Growth | 115116 | INF336L01164 | HSBC_BRAZ_GR_NXERUC | 9 May 2011 | |
| Direct IDCW | 120036 | INF336L01BW8 | INF336L01BX6 | HSBC_BRAZ_DIR_T0ZW4G | 3 Jan 2013 |
| Regular IDCW | 115117 | INF336L01172 | INF336L01180 | HSBC_BRAZ_IDCW_12WFSO1 | 9 May 2011 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- The Asset as on - September 2026HSBC Mutual Fund, Sep 2026
Statement of additional information
- SAI HSBC Mutual FundHSBC Mutual Fund, Oct 2026
Annual report
- Schemewise Abridged Annual Report for HSBC Conservative Hybrid Fund 2025-2026HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Banking & PSU Debt Fund 2025-2026HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Corporate Bond Fund 2025-2026HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Credit Risk Fund 2025-2026HSBC Mutual Fund, Mar 2026
Riskometer disclosure
- Riskometer Changes F.Y. 2025-26HSBC Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap disclosure Sep 2026HSBC Mutual Fund, Sep 2026