Mumbai, India — HSBC Mutual Fund has reopened three international mutual fund schemes to fresh systematic investment plans (SIPs) and lump-sum investments, giving Indian investors another route to seek overseas equity exposure. The schemes are HSBC Global Emerging Markets Fund, HSBC Asia Pacific (ex-Japan) Dividend Yield Fund and HSBC Brazil Fund.
- Key Highlights:
- HSBC has reopened three international mutual funds to fresh SIPs and lump-sum investments.
- Fresh investments are capped at ₹2 lakh per month across the schemes.
- The funds provide exposure to emerging markets, Asia-Pacific excluding Japan and Brazil.
- One-year returns for the three funds ranged from 28.9% to 53.6% as of August 19, 2026.
Three HSBC international funds reopen for investment
Fresh subscriptions in the three HSBC schemes resumed from August 18, according to Value Research data. Investors can make both SIP and lump-sum investments, subject to the monthly investment limit of ₹2 lakh.
The reopening provides investors with additional choices for building overseas exposure through Indian mutual fund products. Instead of allocating a large amount at once, investors can use SIPs to spread their investments over time.
However, the reopening of a scheme does not by itself indicate that the fund is suitable for every investor. Each of the three HSBC funds has a different geographical mandate, meaning their portfolios can be exposed to different markets, economic conditions and sources of risk.
How the three HSBC funds have performed
The three schemes have posted significantly different returns across one-, three- and five-year periods. The figures below are for direct plans as of August 19, 2026, according to Value Research.
| Fund | 1-Year Return | 3-Year Return | 5-Year Return |
|---|---|---|---|
| HSBC Global Emerging Markets | 53.6% | 28.9% | 12.8% |
| HSBC Asia Pacific (ex-Japan) Dividend Yield | 40.3% | 27.9% | 15.1% |
| HSBC Brazil | 28.9% | 12.5% | 7.1% |
HSBC Global Emerging Markets Fund recorded the highest one-year return among the three at 53.6%. The Asia Pacific (ex-Japan) Dividend Yield Fund delivered 40.3%, while the HSBC Brazil Fund recorded 28.9% over the same period.
The longer-term figures also show that performance has varied considerably between the schemes. The Asia Pacific fund posted the highest five-year return among the three at 15.1%, compared with 12.8% for the Global Emerging Markets fund and 7.1% for the Brazil fund.
Why access to international mutual funds changes
Fresh investment availability in international mutual funds is linked to the overseas investment limits applicable to Indian mutual funds. When an asset management company approaches the available overseas investment capacity, it can restrict new subscriptions in its schemes.
When additional investment capacity becomes available, an asset management company can reopen subscriptions. This means investors may see international funds move between open and restricted status depending on the available overseas investment headroom.
The latest HSBC reopening is therefore relevant for investors who have been looking for additional avenues to diversify beyond Indian equities. The availability of fresh SIPs can also allow investors to build an overseas allocation gradually instead of relying on a single entry point.
International exposure comes with different market risks
The three HSBC schemes do not represent the same investment opportunity. The Global Emerging Markets Fund provides broad exposure to emerging markets, while the Asia Pacific (ex-Japan) Dividend Yield Fund focuses on the Asia-Pacific region excluding Japan.
The HSBC Brazil Fund is concentrated on a single country. Such differences in geographical exposure mean that the funds can respond differently to changes in local economic conditions, currencies and equity markets.
The recent return figures also demonstrate why investors need to look beyond the strongest one-year number when assessing an international fund. Historical performance can vary across periods, and the supplied data shows meaningful differences between the three schemes over three and five years.
Other international SIPs also see changes
The reopening comes alongside a separate move by Invesco. From August 18, existing SIP instalments resumed in three international schemes: Invesco India Pan European Equity Fund of Fund, Invesco India Global Equity Income Fund of Fund and Invesco India Global Consumer Trends Fund of Fund.
The developments underline the changing availability of overseas investment options within India’s mutual fund industry. For investors considering the HSBC schemes, the key factors remain the fund’s geographical mandate, investment objective, historical performance and the risks associated with international markets rather than the reopening alone.
Praveen Yadav is the Founder and Content Creator of The Nation Bulletin, an independent digital news platform focused on delivering timely, reliable and meaningful news from India and around the world.
