Axis Consumption Fund vs Axis NIFTY India Consumption ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Consumption Fund is a Thematic fund and Axis NIFTY India Consumption ETF is an ETF fund. In the year to 30-10-2026, Axis Consumption Fund (Direct) returned −9.9% and Axis NIFTY India Consumption ETF returned −10.9%. Axis Consumption Fund charges 0.87% a year and Axis NIFTY India Consumption ETF 0.47%. Their portfolios overlap 71.4%: they hold 27 of the same securities.
Axis NIFTY India Consumption ETF
ETF
- 1 year return
- −10.9%
- Expense ratio
- 0.47%
- NAV
- ₹114.29
Which is better, Axis Consumption or Axis NIFTY India Consumption ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Consumption returned more over 1 year: −9.9% against −10.9%.
- Axis NIFTY India Consumption ETF costs less: 0.47% a year against 0.87%.
- Axis Consumption fell less in its worst fall since 18-09-2024: −20.1% against −21.9%.
- Axis NIFTY India Consumption ETF holds more in large companies: 88.0% of the fund in large caps against 71.8%.
- Axis Consumption is the larger fund: ₹2,360 Cr against ₹13 Cr.
- Their portfolios overlap 71.4%: 27 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 | Axis Consumption Fund | Axis NIFTY India Consumption ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Axis Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹2,360 Cr (30-09-2026) | ₹13 Cr (30-09-2026) |
| NAV | ₹9.03 (Direct) | ₹114.29 |
| Expense ratio (Direct) | 0.87% | Not available |
| Expense ratio (Regular) | 2.16% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 12-09-2024 | 17-09-2021 |
| Minimum investment | ₹100 | 50000 (Units) |
| Lock in | None | None |
| Fund managers | Hitesh Das, Jayesh Sundar, Krishnaa N | Nandik Malik, Rohit Gautam |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days. | N/A |
Axis Consumption vs Axis NIFTY India Consumption ETF: 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 |
|---|---|---|---|---|---|---|---|
| Axis Consumption Fund (Direct) | +0.56% | −6.81% | −0.44% | −9.88% | -- | -- | -- |
| Axis NIFTY India Consumption ETF | +0.13% | −8.18% | −2.45% | −10.92% | +10.54% | +10.14% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Consumption vs Axis NIFTY India Consumption ETF: Year-wise Returns
| Year | ConsumptionAxis Consumption | NIFTY India Consumption ETFAxis NIFTY India Consumption ETF | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −8.04% | −9.39% | −9.10% |
| 2025 | +1.45% | +8.80% | +9.22% |
| 2024 | -- | +19.16% | +19.77% |
| 2023 | -- | +27.47% | +27.96% |
| 2022 | -- | +8.11% | +8.53% |
Axis Consumption vs Axis NIFTY India Consumption ETF: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 277 of them, one for each trading day from 18-09-2025 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.
Axis Consumption Fund (Direct)
Axis NIFTY India Consumption ETF
Nifty India Consumption TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Consumption | 55.2 | 31.0 | 13.0 | 0.7 | 0.0 | 0.0 | 0.0 | −0.5% | −0.6% | −13.6% | 11.6% | 10% |
| Axis NIFTY India Consumption ETF | 41.7 | 22.7 | 25.9 | 9.7 | 0.0 | 0.0 | 0.0 | 1.9% | 1.8% | −14.6% | 14.1% | 0% |
| Nifty India Consumption TRI | 36.5 | 27.4 | 23.5 | 12.6 | 0.0 | 0.0 | 0.0 | 2.3% | 2.2% | −14.2% | 14.5% | -- |
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 18-09-2024. Past returns do not promise future returns.
Axis Consumption vs Axis NIFTY India Consumption ETF: 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 18-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis ConsumptionAxis Consumption Fund (Direct) | ₹2,60,000 | ₹2,49,864 | −₹10,136 | −3.5% |
| Axis NIFTY India Consumption ETFAxis NIFTY India Consumption ETF | ₹2,60,000 | ₹2,50,637 | −₹9,363 | −3.2% |
Axis ConsumptionAxis Consumption Fund (Direct)
Axis NIFTY India Consumption ETFAxis NIFTY India Consumption ETF
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.
Axis Consumption vs Axis NIFTY India Consumption ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Consumption Fund (Direct) | Axis NIFTY India Consumption ETF |
|---|---|---|
| Return (CAGR) | −9.88% | −10.92% |
| Standard deviation | 14.62% | 15.09% |
| Sharpe ratio | -1.03 | -1.07 |
| Sortino ratio | -1.34 | -1.40 |
| Maximum drawdown | −17.5% (23-03-2026) | −17.3% (31-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | +0.08% | −0.36% |
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 | Axis Consumption Fund (Direct) | Axis NIFTY India Consumption ETF |
|---|---|---|
| Return (CAGR) | −5.07% | +9.08% |
| Standard deviation | 13.91% | 13.95% |
| Sharpe ratio | -0.77 | 0.24 |
| Sortino ratio | -1.03 | 0.33 |
| Maximum drawdown | −20.1% (23-03-2026) | −21.9% (04-03-2025) |
| Beta | 0.93 | 1.00 |
| Alpha | −1.21% | −0.42% |
From daily NAVs, 18-09-2024 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.
Axis Consumption Fund (Direct)
Axis NIFTY India Consumption ETF
Nifty India Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Consumption Fund (Direct) | −20.1% | 23-09-2024 | 23-03-2026 | Not yet | -- | −12.8% |
| Axis NIFTY India Consumption ETF | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −14.1% |
| Nifty India Consumption TRI | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.4% |
From daily values since 18-09-2024, 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.
Axis Consumption Fund (Direct)
Axis NIFTY India Consumption ETF
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Consumption Fund (Direct) | 89% | 91% | 4.75% |
| Axis NIFTY India Consumption ETF | 99% | 101% | 0.04% |
From month-end values since 18-09-2024. 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.
Axis Consumption vs Axis NIFTY India Consumption ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Consumption Fund, September 2026; Axis NIFTY India Consumption ETF, September 2026
Holdings in common
- Overlap
- 71.4%
- Held by both
- 27
- Only in Axis Consumption
- 29
- Only in Axis NIFTY India Consumption ETF
- 3
| Security | % of Axis Consumption | % of Axis NIFTY India Consumption ETF |
|---|---|---|
| Bharti Airtel Limited | 9.16% | 10.13% |
| Eternal Limited | 8.56% | 7.20% |
| Mahindra & Mahindra Limited | 6.96% | 8.19% |
| Titan Company Limited | 5.25% | 5.89% |
| Maruti Suzuki India Limited | 3.93% | 4.83% |
| Asian Paints Limited | 3.48% | 3.37% |
| InterGlobe Aviation Limited | 3.34% | 3.50% |
| Apollo Hospitals Enterprise Limited | 3.47% | 2.61% |
| Hindustan Unilever Limited | 2.46% | 5.18% |
| TVS Motor Company Limited | 2.37% | 3.00% |
| Trent Limited | 2.35% | 2.71% |
| ITC Limited | 2.23% | 7.87% |
| Bajaj Auto Limited | 2.06% | 3.68% |
| The Indian Hotels Company Limited | 2.07% | 1.99% |
| Tata Consumer Products Limited | 2.48% | 1.92% |
| Nestle India Limited | 1.90% | 2.92% |
| Varun Beverages Limited | 2.59% | 1.83% |
| Tata Power Company Limited | 1.83% | 1.87% |
| Britannia Industries Limited | 1.68% | 1.77% |
| Max Healthcare Institute Limited | 1.40% | 2.15% |
| Avenue Supermarts Limited | 1.36% | 1.91% |
| United Spirits Limited | 1.91% | 1.24% |
| Eicher Motors Limited | 1.14% | 3.06% |
| Godrej Consumer Products Limited | 1.01% | 1.06% |
| Hero MotoCorp Limited | 0.33% | 2.11% |
| Dixon Technologies (India) Limited | 0.27% | 1.69% |
| Fortis Healthcare Limited | 0.21% | 1.25% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 71.4% means 71.4% 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 Axis Consumption Fund
| Security | % of fund |
|---|---|
| Ather Energy Limited | 1.57% |
| Berger Paints (I) Limited | 1.51% |
| PVR INOX Limited | 1.37% |
| Doms Industries Limited | 1.31% |
| Marico Limited | 1.27% |
Largest holdings only in Axis NIFTY India Consumption ETF
| Security | % of fund |
|---|---|
| Torrent Pharmaceuticals Limited | 2.19% |
| Info Edge (India) Limited | 1.47% |
| DLF Limited | 1.34% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Consumption | Axis NIFTY India Consumption ETF |
|---|---|---|
| Equity | 99.0% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 0.1% |
Market cap of stocks
| Market cap | Axis Consumption | Axis NIFTY India Consumption ETF |
|---|---|---|
| Large Cap | 71.8% | 88.0% |
| Mid Cap | 13.0% | 11.9% |
| Small Cap | 14.1% | 0.0% |
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 | Axis Consumption | Axis NIFTY India Consumption ETF |
|---|---|---|
| Automobiles | 19.0% | 24.9% |
| Retailing | 14.0% | 13.3% |
| Diversified FMCG | 4.7% | 13.1% |
| Consumer Durables | 11.7% | 10.9% |
| Telecom - Services | 10.5% | 10.1% |
| Leisure Services | 7.2% | 2.0% |
| Healthcare Services | 6.2% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Consumption vs Axis NIFTY India Consumption ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Consumption Fund | Axis NIFTY India Consumption ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.87% | Not available |
| Base expense ratio (Direct) | 0.62% | 0.00% |
| Total expense ratio (Regular) | 2.16% | Not available |
| Base expense ratio (Regular) | 1.73% | 0.36% |
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.
More comparisons
Each fund against the others of its category
Axis Consumption Fund vs Axis NIFTY India Consumption ETF: Frequently Asked Questions
What is the difference between Axis Consumption Fund and Axis NIFTY India Consumption ETF?
Axis Consumption Fund is a Thematic fund, Axis NIFTY India Consumption ETF is an ETF fund, run by Axis Mutual Fund. Their portfolios overlap 71.4%. Axis Consumption Fund charges 0.87% a year and Axis NIFTY India Consumption ETF 0.47%.
Which has given higher returns, Axis Consumption Fund or Axis NIFTY India Consumption ETF?
Over 1 year: Axis Consumption Fund −9.88%, Axis NIFTY India Consumption ETF −10.92%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Consumption Fund or Axis NIFTY India Consumption ETF?
Axis NIFTY India Consumption ETF charges less: 0.47% a year against 0.87%. These are the total expense ratios reported to AMFI.
How much do Axis Consumption Fund and Axis NIFTY India Consumption ETF overlap?
71.4%. They hold 27 of the same securities, the largest shared ones being BHARTIARTL, ETERNAL, M&M. From each fund's latest monthly portfolio.
Can I invest in both Axis Consumption Fund and Axis NIFTY India Consumption ETF?
Yes. 71.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Consumption Fund and Axis NIFTY India Consumption ETF?
Axis Consumption Fund: Hitesh Das, Jayesh Sundar, Krishnaa N. Axis NIFTY India Consumption ETF: Nandik Malik, Rohit Gautam.
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.