HSBC Brazil Fund

HSBC Brazil Fund is a specialty fund that seeks to capitalize on Brazil’s emerging economy. The fund is being managed by Piyush Harlalka since July 2012. In its one year of existence the fund has had a change of fund managers. Its performance has lacked luster. So long as the India Growth Story has not reached its end you can find good opportunities to create wealth from Indian market itself. 

Where does HSBC Brazil Fund invest your money?

HSBC Brazil Fund is a fund of funds scheme. Presently its portfolio mainly invests in HSBC GIF Global Brazil Markets Equity fund based abroad. It indirectly invests in stocks of companies based in Brazil through this fund.

 

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of HSBC Brazil Fund is 1.93%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio. 

 

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you did not withdraw within 1 year. 

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