HSBC Brazil Fund Growth
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|Risk||Very High Risk|
|Fund Type||Global - Other|
|Exit Load||1% for 365 Days|
More about this fund
|HSBC GIF Brazil Equity S3D||97.31%|
About HSBC Brazil Fund
HSBC Brazil Fund is a fund of funds scheme which as the name suggests will invest in Brazil-based mutual funds. However, the investment will predominantly be in units/shares of HSBC Global Investment Funds (HGIF) Brazil Equity Fund. The scheme could also invest in money market instruments and other liquid mutual funds. The HSBC Brazil Fund is aimed at providing long-term capital appreciation.
Pros & Cons of HSBC Brazil Fund
HSBC Brazil Fund offers the following benefits:
- The HSBC Brazil Fund allows investors to benefit from the economic development of Brazil.
- This scheme enables the investors to widen their investment horizon in different geographies.
- The scheme carries out Environment, Social, and Governance (ESG) analysis before investing. However, the Assets Under Management are less than 500 crores.
Fund Information and Statistics of HSBC Brazil Fund
i) Inception / Launch date
HSBC Brazil Fund was launched on May 06, 2011, by HSBC Global Asset Management.
ii) Risk level
Investment in the HSBC Brazil Fund is at a high-risk and suitable for investors with above-average risk appetite.
Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 7 business days.
iv) Fund Manager
The fund is managed by Ranjith gopal K A since February 2017. He is the dedicated fund manager for overseas investment at HSBC Global Asset Management.
v) Entry / Exit load
The fund house does not charge any entry load or exit load if redeemed after one year from the date of allotment. However, 1% exit load is charged if redeemed before one year.
Tax benefits of investing in HSBC Brazil Fund
The Short-term capital gain tax is applicable as per the income tax slab if sold before 36 months. If the investments are redeemed after 36 months, a long-term capital gain tax of 20% with indexation is levied.
About HSBC Global Asset Management
HSBC Global Asset Management was formed in 1973, and the company has been working in many countries ever since. The fund house employs environmental, social, and governance (ESG) factors to generate sustainable long-term returns. It believes in responsible investing to avoid taking excessive risks.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns