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HSBC Brazil Fund - Growth Direct vs PGIM India Emerging Markets Equity Fund of Fund - Direct Plan - Growth
HSBC Brazil Fund and PGIM India Emerging Markets Equity Fund of Fund are both in the FoF Overseas category, from HSBC Asset Management (India) Private Ltd. and PGIM India Asset Management Private Limite respectively. PGIM India Emerging Markets Equity Fund of Fund has posted a higher 3-year rolling CAGR. PGIM India Emerging Markets Equity Fund of Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
PGIM India Emerging Markets Equity Fund of Fund has the lower direct-plan expense ratio, by 0.38 percentage points.
| HSBC Brazil Fund - Growth Direct | PGIM India Emerging Markets Equity Fund of Fund - Direct Plan - Growth | |
|---|---|---|
| Category | FoF Overseas | FoF Overseas |
| AMC | HSBC Asset Management (India) Private Ltd. | PGIM India Asset Management Private Limite |
| Benchmark | MSCI Brazil Index (EWZ ETF) | MSCI Emerging Markets (INR) |
| NAV | ₹10.3235 (2026-10-28) | ₹23.78 (2026-10-28) |
| AUM | ₹384.066 Cr | ₹1,290.157 Cr |
| Expense Ratio (Direct) | 0.92% | 0.54% |
| Inception | 2011-04-15 | 2007-07-31 |
Returns
PGIM India Emerging Markets Equity Fund of Fund leads on 3-year rolling CAGR (5.8% vs HSBC Brazil Fund's 1.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
HSBC Brazil Fund has been the more volatile of the two by standard deviation.
| HSBC Brazil Fund - Growth Direct | PGIM India Emerging Markets Equity Fund of Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.59 | 0.68 |
| 3Y Alpha | 5.5818% | -1.652% |
| 3Y Std Deviation | 23.4535% | 20.9887% |
| 3Y Calmar Ratio | 0.73 | 0.97 |
Portfolio Analytics
Punji Fund Health Score
HSBC Brazil Fund and PGIM India Emerging Markets Equity Fund of Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, HSBC Brazil Fund or PGIM India Emerging Markets Equity Fund of Fund?
PGIM India Emerging Markets Equity Fund of Fund's 3-year rolling CAGR of 5.8% is higher than HSBC Brazil Fund's 1.2%. PGIM India Emerging Markets Equity Fund of Fund sits in the 15th percentile of its category on this metric, versus the 2nd percentile for HSBC Brazil Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, HSBC Brazil Fund or PGIM India Emerging Markets Equity Fund of Fund?
PGIM India Emerging Markets Equity Fund of Fund's direct-plan expense ratio is 0.38 percentage points lower than HSBC Brazil Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, HSBC Brazil Fund or PGIM India Emerging Markets Equity Fund of Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), HSBC Brazil Fund has been more volatile than PGIM India Emerging Markets Equity Fund of Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.59 for HSBC Brazil Fund vs 0.68 for PGIM India Emerging Markets Equity Fund of Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, HSBC Brazil Fund or PGIM India Emerging Markets Equity Fund of Fund?
PGIM India Emerging Markets Equity Fund of Fund has ₹1,290 Cr in assets under management, versus ₹384 Cr for HSBC Brazil Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, HSBC Brazil Fund or PGIM India Emerging Markets Equity Fund of Fund?
PGIM India Emerging Markets Equity Fund of Fund launched on 2007-07-31, making it older than HSBC Brazil Fund (launched 2011-04-15). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.