Top Consumption Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 28 Consumption mutual funds. Their average 3 year return is 8.3% a year, and −8.1% over the last year. The highest 3 year returns: HSBC Consumption Fund 13.8%, Tata India Consumer Fund 13.1%, Canara Robeco Consumption Fund 10.2%.
- Total AUM
- ₹41,893 Cr
- As on 30-09-2026
- Funds
- 28
- From 25 fund houses
- Expense ratio
- 0.70% to 1.78%
- Direct plans, lowest to highest
- Average 3Y return
- 8.3%
- A year, Direct plans
All Consumption Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Consumption Fund | 1 | 1,698 | −4.62% | +13.80% | -- | -- | Very High | 0.89% | 1% within 1 year | 15.24% |
| Tata India Consumer Fund | 2 | 2,723 | −3.17% | +13.07% | +12.46% | +16.14% | Very High | 0.93% | 0.25% within 30 days | 14.16% |
| Canara Robeco Consumption Fund | 3 | 1,872 | −8.68% | +10.19% | +10.15% | +14.61% | Very High | 0.96% | 1% within 1 year | 14.14% |
| Mirae Asset Great Consumer Fund | 4 | 4,455 | −8.40% | +9.90% | +11.36% | +15.21% | Very High | 0.70% | 1% within 1 month | 13.71% |
| Baroda BNP Paribas India Consumption Fund | 5 | 1,354 | −8.93% | +9.52% | -- | -- | -- | 0.96% | -- | 13.05% |
| HDFC Consumption Fund | 6 | 954 | −11.03% | +9.22% | -- | -- | Very High | 1.40% | 1% within 30 days | 13.47% |
| UTI - India Consumer Fund | 7 | 678 | −9.71% | +9.17% | +7.42% | +10.59% | Very High | 1.72% | 1% within 30 days | 13.73% |
| Mahindra Manulife Consumption Fund | 8 | 453 | −11.33% | +8.78% | +9.98% | -- | Very High | 1.09% | Varies | 13.61% |
| ICICI Prudential Bharat Consumption Fund | 9 | 3,049 | −9.48% | +8.63% | +10.76% | -- | -- | 1.32% | 1% within 3 months | 12.17% |
| Nippon India Consumption Fund | 10 | 2,255 | −11.34% | +8.47% | +10.81% | +12.40% | Very High | 0.91% | 1% within 1 month | 13.07% |
| Aditya Birla Sun Life Consumption Fund | 11 | 5,697 | −11.55% | +7.96% | +8.18% | +12.92% | Very High | 0.97% | 1% within 30 days | 12.68% |
| Sundaram Consumption Fund | 12 | 1,408 | −11.16% | +7.57% | +9.69% | +10.65% | Very High | 1.72% | 0.5% within 30 days | 13.32% |
| SBI Consumption Opportunities Fund | 13 | 2,642 | −16.80% | +3.80% | +9.36% | +12.93% | Very High | 1.17% | 0.1% within 30 days | 13.16% |
| ICICI Prudential FMCG Fund | 14 | 1,508 | −22.44% | −4.46% | +3.65% | +8.67% | -- | 1.68% | -- | 12.52% |
| Axis Consumption Fund | -- | 2,360 | −9.88% | -- | -- | -- | -- | 0.87% | 1% within 90 days | -- |
| ICICI Prudential Rural Opportunities Fund | -- | 1,896 | −12.23% | -- | -- | -- | -- | 1.25% | 1% within 1 month | -- |
| Kotak Consumption Fund | -- | 1,660 | −8.86% | -- | -- | -- | Very High | 0.84% | 0.5% within 90 days | -- |
| Motilal Oswal Consumption Fund | -- | 1,159 | +9.51% | -- | -- | -- | Very High | 0.85% | 1% within 3 months | -- |
| Kotak Rural Opportunities Fund | -- | 708 | -- | -- | -- | -- | Very High | 0.92% | 0.5% within 90 days | -- |
| Invesco India Consumption Fund | -- | 590 | +7.09% | -- | -- | -- | Very High | 1.18% | 0.5% within 3 months | -- |
| Bajaj Finserv Consumption Fund | -- | 565 | −10.22% | -- | -- | -- | Very High | 1.23% | 1% within 3 months | -- |
| Edelweiss Consumption Fund | -- | 459 | −8.78% | -- | -- | -- | Very High | 0.98% | 1% within 90 days | -- |
| LIC MF Consumption Fund | -- | 424 | -- | -- | -- | -- | Very High | 1.22% | 1% within 90 days | -- |
| ITI Bharat Consumption Fund | -- | 350 | −3.44% | -- | -- | -- | Very High | 0.95% | 0.5% within 3 months | -- |
| Bank of India Consumption Fund | -- | 346 | −6.37% | -- | -- | -- | Very High | 1.53% | 1% within 3 months | -- |
| Union Consumption Fund | -- | 314 | -- | -- | -- | -- | Very High | 1.37% | 1% within 1 year | -- |
| quant Consumption Fund | -- | 180 | −3.05% | -- | -- | -- | Very High | 1.78% | 1% within 15 days | -- |
| WhiteOak Capital Consumption Opportunities Fund | -- | 135 | -- | -- | -- | -- | Very High | 1.09% | None | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Consumption Funds Bought and Sold in September 2026
What the 5 largest Consumption funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| SS Retail Ltd.Mirae Asset Great Consumer, Tata India Consumer, SBI Consumption Opportunities | 3 funds | -- |
| Honasa Consumer Ltd.Aditya Birla Sun Life Consumption, Mirae Asset Great Consumer | 1 fund | 1 fund |
| Avenue Supermarts Ltd.Mirae Asset Great Consumer, ICICI Prudential Bharat Consumption | -- | 2 funds |
| Billionbrains Garage Ventures Ltd.Aditya Birla Sun Life Consumption, Tata India Consumer | -- | 2 funds |
| Meesho Ltd.Mirae Asset Great Consumer | 1 fund | -- |
| Rentomojo Ltd.Mirae Asset Great Consumer | 1 fund | -- |
| Emami Ltd.ICICI Prudential Bharat Consumption | 1 fund | -- |
| DEEPA JEWELLERS LTDTata India Consumer | 1 fund | -- |
| Thyrocare Technologies Ltd.Aditya Birla Sun Life Consumption | 1 fund | -- |
| Hindustan Unilever Ltd.ICICI Prudential Bharat Consumption | -- | 1 fund |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Trent Ltd.Mirae Asset Great Consumer, Tata India Consumer, SBI Consumption Opportunities | 1 fund | 2 funds |
| Titan Company Ltd.Mirae Asset Great Consumer, ICICI Prudential Bharat Consumption | -- | 2 funds |
| Lenskart Solutions Ltd.Aditya Birla Sun Life Consumption, Mirae Asset Great Consumer | -- | 2 funds |
| Milky Mist Dairy Food Ltd.Aditya Birla Sun Life Consumption, ICICI Prudential Bharat Consumption | -- | 2 funds |
| APOLLO HOSPITALS ENTERPRISE LTDTata India Consumer | 1 fund | -- |
| Godrej Consumer Products Ltd.SBI Consumption Opportunities | 1 fund | -- |
| Torrent Pharmaceuticals Ltd.Aditya Birla Sun Life Consumption | 1 fund | -- |
| AWL AGRI BUSINESS LTDTata India Consumer | 1 fund | -- |
| Meesho Ltd.SBI Consumption Opportunities | 1 fund | -- |
| Dabur India Ltd.Aditya Birla Sun Life Consumption | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: Aditya Birla Sun Life Consumption Fund, Mirae Asset Great Consumer Fund, ICICI Prudential Bharat Consumption Fund, Tata India Consumer Fund, SBI Consumption Opportunities Fund.
Compare Consumption Funds
The largest funds of the category, side by side
- Aditya Birla Sun Life Consumption vs Mirae Asset Great Consumer
- Aditya Birla Sun Life Consumption vs ICICI Prudential Bharat Consumption
- Aditya Birla Sun Life Consumption vs Tata India Consumer
- Mirae Asset Great Consumer vs ICICI Prudential Bharat Consumption
- Mirae Asset Great Consumer vs Tata India Consumer
- ICICI Prudential Bharat Consumption vs Tata India Consumer
How Consumption Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Consumption Fund?
Sector and theme funds that invest in companies that sell goods and services to Indian households. SEBI requires at least 80% of such a fund in its sector or theme.
Other sector and theme categories: Banking & Financial Services · Technology · Healthcare & Pharma · Infrastructure · Manufacturing · PSU · Energy & Commodities · MNC · ESG · Business Cycle · Transport & Auto
Consumption Funds: Frequently Asked Questions
Which are the top Consumption mutual funds?
By 3 year return, the top Consumption funds are 1. HSBC Consumption Fund (13.8% a year), 2. Tata India Consumer Fund (13.1% a year), 3. Canara Robeco Consumption Fund (10.2% a year), 4. Mirae Asset Great Consumer Fund (9.9% a year), 5. Baroda BNP Paribas India Consumption Fund (9.5% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Consumption funds are there?
28 Consumption funds are open for investment, from 25 fund houses.
What is a Consumption fund?
Sector and theme funds that invest in companies that sell goods and services to Indian households. SEBI requires at least 80% of such a fund in its sector or theme.
What is the average return of Consumption funds?
1 year: -8.1%, 3 years: 8.3% a year, 5 years: 9.4% a year. The simple average of every Consumption fund's Direct plan.
Which Consumption fund has the lowest expense ratio?
Mirae Asset Great Consumer Fund, at 0.70% a year (Direct plan), as reported to AMFI.
Which is the largest Consumption fund?
Aditya Birla Sun Life Consumption Fund, with ₹5,697 Cr of investors' money on 30-09-2026.
How are Consumption funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.