Aditya Birla Sun Life Consumption Fund vs Nippon India Innovation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Consumption Fund is a Thematic fund and Nippon India Innovation Fund is a Thematic fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Consumption Fund (Direct) returned 8.0% a year and Nippon India Innovation Fund (Direct) returned 12.8% a year. Aditya Birla Sun Life Consumption Fund charges 0.97% a year and Nippon India Innovation Fund 0.90% (Direct plans). Their portfolios overlap 28.9%: they hold 18 of the same securities.
Aditya Birla Sun Life Consumption Fund
Thematic
- 3 year return
- 8.0%
- Expense ratio
- 0.97%
- NAV
- ₹225.96
Nippon India Innovation Fund
Thematic
- 3 year return
- 12.8%
- Expense ratio
- 0.90%
- NAV
- ₹14.35
Which is better, Aditya Birla Sun Life Consumption or Nippon India Innovation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Innovation returned more over 3 years: 12.8% a year against 8.0%.
- Nippon India Innovation returned more over 1 year: −5.1% against −11.6%.
- Nippon India Innovation costs less: 0.90% a year against 0.97% (Direct plans).
- Aditya Birla Sun Life Consumption swung less over 3 years: a standard deviation of 12.7% a year against 14.3%.
- Aditya Birla Sun Life Consumption fell less in its worst fall since 01-09-2023: −20.8% against −21.5%.
- Aditya Birla Sun Life Consumption holds more in large companies: 65.5% of the fund in large caps against 38.2%.
- Aditya Birla Sun Life Consumption is the larger fund: ₹5,697 Cr against ₹2,923 Cr.
- Their portfolios overlap 28.9%: 18 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Consumption Fund | Nippon India Innovation Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹5,697 Cr (30-09-2026) | ₹2,923 Cr (30-09-2026) |
| NAV | ₹225.96 (Direct) | ₹14.35 (Direct) |
| Expense ratio (Direct) | 0.97% | 0.90% |
| Expense ratio (Regular) | 1.95% | 2.11% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty 500 TRI |
| Launch date | 05-08-2005 | 28-08-2023 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Chanchal Khandelwal | Vinay Sharma, Rishit Parikh |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Exit load of 1%, if redeemed within 1 year. |
Aditya Birla Sun Life Consumption vs Nippon India Innovation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Consumption Fund (Direct) | −0.99% | −6.82% | −2.70% | −11.55% | +7.96% | +8.18% | +12.92% |
| Nippon India Innovation Fund (Direct) | −3.60% | −5.91% | +0.65% | −5.09% | +12.84% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Aditya Birla Sun Life Consumption vs Nippon India Innovation: Year-wise Returns
| Year | Aditya Birla Sun Life ConsumptionAditya Birla Sun Life Consumption | Nippon India InnovationNippon India Innovation |
|---|---|---|
| 2026to date | −10.35% | −2.92% |
| 2025 | +5.37% | +6.82% |
| 2024 | +18.76% | +21.85% |
| 2023 | +26.58% | -- |
| 2022 | +6.34% | -- |
| 2021 | +31.22% | -- |
Aditya Birla Sun Life Consumption vs Nippon India Innovation: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of Aditya Birla Sun Life Consumption Fund
Rolling returns
Every 3-year holding period, 40 of them, one for each trading day from 01-09-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Consumption Fund (Direct)
Nippon India Innovation Fund (Direct)
Nifty India Consumption TRI
to
Sept 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Consumption | 0.0 | 0.0 | 97.5 | 2.5 | 0.0 | 0.0 | 0.0 | 8.0% | 7.9% | 6.4% | 10.0% | 0% |
| Nippon India Innovation | 0.0 | 0.0 | 0.0 | 82.1 | 17.9 | 0.0 | 0.0 | 13.9% | 13.8% | 11.4% | 16.0% | 100% |
| Nifty India Consumption TRI | 0.0 | 0.0 | 30.0 | 70.0 | 0.0 | 0.0 | 0.0 | 10.8% | 10.8% | 9.1% | 13.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty India Consumption TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 01-09-2023. Past returns do not promise future returns.
Aditya Birla Sun Life Consumption vs Nippon India Innovation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life ConsumptionAditya Birla Sun Life Consumption Fund (Direct) | ₹3,80,000 | ₹3,78,899 | −₹1,101 | −0.2% |
| Nippon India InnovationNippon India Innovation Fund (Direct) | ₹3,80,000 | ₹4,08,950 | ₹28,950 | 4.6% |
Aditya Birla Sun Life ConsumptionAditya Birla Sun Life Consumption Fund (Direct)
Nippon India InnovationNippon India Innovation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Consumption vs Nippon India Innovation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Consumption Fund (Direct) | Nippon India Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.55% | −5.09% |
| Standard deviation | 13.94% | 16.17% |
| Sharpe ratio | -1.21 | -0.64 |
| Sortino ratio | -1.57 | -0.86 |
| Maximum drawdown | −17.0% (30-03-2026) | −16.4% (31-03-2026) |
| Beta | 0.90 | 1.04 |
| Alpha | −2.53% | +2.79% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Consumption Fund (Direct) | Nippon India Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.96% | +12.84% |
| Standard deviation | 12.68% | 14.35% |
| Sharpe ratio | 0.15 | 0.47 |
| Sortino ratio | 0.21 | 0.65 |
| Maximum drawdown | −20.8% (30-03-2026) | −21.5% (03-03-2025) |
| Beta | 0.87 | 0.91 |
| Alpha | −2.43% | +2.98% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Consumption Fund (Direct) | Nippon India Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.11% | +11.81% |
| Standard deviation | 14.66% | 14.13% |
| Sharpe ratio | 0.62 | 0.41 |
| Sortino ratio | 0.84 | 0.55 |
| Maximum drawdown | −34.5% (23-03-2020) | −21.5% (03-03-2025) |
| Beta | 0.88 | 0.91 |
| Alpha | +2.93% | +2.90% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Consumption Fund (Direct)
Nippon India Innovation Fund (Direct)
Nifty India Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Consumption Fund (Direct) | −20.8% | 26-09-2024 | 30-03-2026 | Not yet | -- | −15.6% |
| Nippon India Innovation Fund (Direct) | −21.5% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −10.1% |
| Nifty India Consumption TRI | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.4% |
From daily values since 01-09-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Consumption Fund (Direct)
Nippon India Innovation Fund (Direct)
Nifty India Consumption TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Consumption Fund (Direct)
Nippon India Innovation Fund (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Consumption Fund (Direct) | 86% | 95% | 3.83% |
| Nippon India Innovation Fund (Direct) | 93% | 80% | 7.96% |
From month-end values since 01-09-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Consumption vs Nippon India Innovation: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Consumption Fund, September 2026; Nippon India Innovation Fund, September 2026
Holdings in common
- Overlap
- 28.9%
- Held by both
- 18
- Only in Aditya Birla Sun Life Consumption
- 46
- Only in Nippon India Innovation
- 39
| Security | % of Aditya Birla Sun Life Consumption | % of Nippon India Innovation |
|---|---|---|
| Eternal Ltd. | 7.35% | 5.22% |
| Trent Ltd. | 2.85% | 3.54% |
| Avenue Supermarts Ltd. | 2.54% | 2.56% |
| ICICI Bank Ltd. | 3.62% | 2.26% |
| HDFC Bank Ltd. | 2.22% | 2.02% |
| Axis Bank Ltd. | 1.83% | 2.52% |
| Varun Beverages Ltd. | 1.73% | 3.47% |
| Interglobe Aviation Ltd. | 1.66% | 1.73% |
| FSN E-Commerce Ventures Ltd. | 1.52% | 2.05% |
| Info Edge (India) Ltd. | 1.28% | 4.64% |
| Meesho Ltd. | 2.71% | 1.03% |
| Swiggy Ltd. | 1.01% | 2.91% |
| ICICI Lombard General Insurance Company Ltd. | 0.98% | 2.18% |
| 3M India Ltd. | 0.88% | 3.16% |
| Jubilant Foodworks Ltd. | 0.72% | 1.17% |
| Sanofi Consumer Healthcare India Ltd. | 0.52% | 1.26% |
| Billionbrains Garage Ventures Ltd. | 0.50% | 1.01% |
| Honasa Consumer Ltd. | 0.34% | 1.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.9% means 28.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Consumption Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 5.30% |
| Mahindra & Mahindra Ltd. | 4.39% |
| TVS Motor Company Ltd. | 3.87% |
| Maruti Suzuki India Ltd. | 3.20% |
| ITC Ltd. | 3.04% |
Largest holdings only in Nippon India Innovation Fund
| Security | % of fund |
|---|---|
| Samvardhana Motherson International Limited | 3.17% |
| ZF Commercial Vehicle Control Systems India Limited | 2.71% |
| One 97 Communications Limited | 2.51% |
| Siemens Energy India Limited | 2.19% |
| Kirloskar Oil Engines Limited | 2.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Consumption | Nippon India Innovation |
|---|---|---|
| Equity | 99.1% | 97.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 2.5% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Consumption | Nippon India Innovation |
|---|---|---|
| Large Cap | 65.5% | 38.2% |
| Mid Cap | 19.6% | 33.3% |
| Small Cap | 13.7% | 24.0% |
| Not on AMFI's list | 0.3% | 2.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Consumption | Nippon India Innovation |
|---|---|---|
| Retailing | 24.3% | 21.9% |
| Automobiles | 14.1% | 2.0% |
| Consumer Durables | 9.3% | 4.2% |
| Banks | 7.7% | 6.8% |
| Auto Components | 0.0% | 7.4% |
| Beverages | 6.6% | 3.5% |
| Electrical Equipment | 0.0% | 6.2% |
| Food Products | 6.1% | 0.0% |
| Insurance | 2.8% | 4.8% |
| Leisure Services | 1.6% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Consumption vs Nippon India Innovation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Consumption Fund | Nippon India Innovation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.97% | 0.90% |
| Base expense ratio (Direct) | 0.73% | 0.61% |
| Total expense ratio (Regular) | 1.95% | 2.11% |
| Base expense ratio (Regular) | 1.58% | 1.69% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
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Each fund against the others of its category
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Compare Nippon India Innovation with
Aditya Birla Sun Life Consumption Fund vs Nippon India Innovation Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Consumption Fund and Nippon India Innovation Fund?
Aditya Birla Sun Life Consumption Fund is a Thematic fund, Nippon India Innovation Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 28.9%. Aditya Birla Sun Life Consumption Fund charges 0.97% a year and Nippon India Innovation Fund 0.90%.
Which has given higher returns, Aditya Birla Sun Life Consumption Fund or Nippon India Innovation Fund?
Over 1 year: Aditya Birla Sun Life Consumption Fund −11.55%, Nippon India Innovation Fund −5.09%. Over 3 years: Aditya Birla Sun Life Consumption Fund +7.96% a year, Nippon India Innovation Fund +12.84% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Consumption Fund or Nippon India Innovation Fund?
Nippon India Innovation Fund charges less: 0.90% a year against 0.97%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Consumption Fund and Nippon India Innovation Fund overlap?
28.9%. They hold 18 of the same securities, the largest shared ones being ETERNAL, TRENT, DMART. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Consumption Fund or Nippon India Innovation Fund?
On SEBI's riskometer, Aditya Birla Sun Life Consumption Fund is rated Very High and Nippon India Innovation Fund Very High. Over 3 years, the standard deviation of daily returns was 12.68% and 14.35% a year.
Which is better for SIP, Aditya Birla Sun Life Consumption Fund or Nippon India Innovation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,66,386 in Aditya Birla Sun Life Consumption Fund (XIRR -0.6% a year) and ₹3,94,717 in Nippon India Innovation Fund (XIRR 4.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Consumption Fund and Nippon India Innovation Fund?
Yes. 28.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Consumption Fund and Nippon India Innovation Fund?
Aditya Birla Sun Life Consumption Fund: Chanchal Khandelwal. Nippon India Innovation Fund: Vinay Sharma, Rishit Parikh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.