ReviewDirect · GrowthPrefer peers first
HSBC Brazil Fund
HSBC Mutual FundOverseas Fund of Funds - Fund of Funds investing overseas13.8 years
- NAV
- 10.0586
- 30 Oct 2026
- 1Y
- +8.6%
- Trailing CAGR
- AUM
- ₹365.29 Cr
- 31 Aug 2026
- Volatility
- High
- 33.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer Aditya Birla Sun Life US Equity Passive FOF if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.92% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -65.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
21% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 100.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+8.6%
- 3Y+12.1%
- 5Y+9.8%
- 10Y+2.8%
- SI-0.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-15.4%
- 3Y+11.3%
- 5Y+10.0%
- 10Y+5.0%
- Since inception
- -0.0%
- Calendar-day CAGR
- Excess 1Y
- -8.9%
- Category median, same plan and option
- 3Y win rate
- +21%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- +11.3%
- Simulated monthly SIP
- Worst rolling 3Y
- -28.2%
- 2463 daily-ending windows
- Median rolling 3Y
- +1.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +50%
- 2015 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -65.1%
- Worst peak-to-trough
- Current
- -27.2%
- Below last peak
- Current spell
- 21 days
- Days below latest peak
- Time below peak
- +99%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 390 days
- 10 recovered episodes
- Longest recovery
- 2130 days
- Trough to prior peak
3 Sept 2014 – 30 Dec 2019
Trough 20 Jan 2016 · recovered in 1440 days
-65.1%
3 Jan 2020 – 21 Jan 2026
Trough 23 Mar 2020 · recovered in 2130 days
-54.2%
9 Oct 2026 – open
Trough 30 Oct 2026 · not recovered
-27.2%
8 Mar 2013 – 2 Sept 2014
Trough 14 Mar 2014 · recovered in 172 days
-24.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
0
Consistency
27
Risk-adjusted
25
Drawdown
0
Mean
10
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Three-year return sits below the 25th percentile of comparable share classes.
- Maximum drawdown exceeded 35%.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
31 Aug 2026 · 3 holdings · top 10 are 100.0%.
- Top 5
- 100.0%
- Top 10
- 100.0%
- Largest holding
- n/a
- Effective holdings
- n/a
Asset mix
Equity
97.4%
Cash
2.6%
Sectors
Others
100.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life US Equity Passive FOF
Aditya Birla Sun Life Mutual Fund
- 1Y
- +17.6%
- 3Y
- +31.3%
- Vol
- 21.3%
- Max DD
- -28.9%
- Sharpe
- 0.60
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Global Equity Alpha Fund of Fund
Axis Mutual Fund
- 1Y
- +14.1%
- 3Y
- +24.9%
- Vol
- 16.2%
- Max DD
- -19.9%
- Sharpe
- 0.74
- 3Y win
- +81%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Global Innovation Fund of Fund
Axis Mutual Fund
- 1Y
- +12.4%
- 3Y
- +25.8%
- Vol
- 20.2%
- Max DD
- -30.8%
- Sharpe
- 0.44
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis NASDAQ 100 US Specific Equity Passive FOF
Axis Mutual Fund
- 1Y
- +17.8%
- 3Y
- +31.0%
- Vol
- 19.2%
- Max DD
- -23.0%
- Sharpe
- 1.26
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund
HSBC Mutual Fund
- 1Y
- +19.1%
- 3Y
- +25.9%
- Vol
- 15.8%
- Max DD
- -27.3%
- Sharpe
- 0.42
- 3Y win
- +74%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns