Axis Consumption Fund vs HDFC Nifty India Consumption Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Consumption Fund is a Thematic fund and HDFC Nifty India Consumption Index Fund is an Index fund. Axis Consumption Fund charges 0.87% a year and HDFC Nifty India Consumption Index Fund 0.44% (Direct plans). Their portfolios overlap 71.2%: they hold 26 of the same securities.
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Which is better, Axis Consumption or HDFC Nifty India Consumption Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Nifty India Consumption Index costs less: 0.44% a year against 0.87% (Direct plans).
- HDFC Nifty India Consumption Index fell less in its worst fall since 18-02-2026: −13.3% against −13.7%.
- HDFC Nifty India Consumption Index 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 ₹105 Cr.
- Their portfolios overlap 71.2%: 26 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 | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹2,360 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹9.03 (Direct) | ₹9.34 (Direct) |
| Expense ratio (Direct) | 0.87% | 0.44% |
| Expense ratio (Regular) | 2.16% | 0.88% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 12-09-2024 | 18-02-2026 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Hitesh Das, Jayesh Sundar, Krishnaa N | Nandita Menezes, Arun Agarwal |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days. | NIL |
Axis Consumption vs HDFC Nifty India Consumption Index: 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% | -- | -- | -- |
| HDFC Nifty India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
| 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 HDFC Nifty India Consumption Index: Year-wise Returns
| Year | Axis ConsumptionAxis Consumption | HDFC Nifty India Consumption IndexHDFC Nifty India Consumption Index | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −8.04% | -- | −9.10% |
| 2025 | +1.45% | -- | +9.22% |
Axis Consumption vs HDFC Nifty India Consumption Index: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Axis Consumption vs HDFC Nifty India Consumption Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Consumption Fund (Direct) | HDFC Nifty India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.07% | −9.25% |
| Standard deviation | 13.91% | 16.56% |
| Sharpe ratio | -0.77 | -0.88 |
| Sortino ratio | -1.03 | -1.15 |
| Maximum drawdown | −20.1% (23-03-2026) | −13.3% (31-03-2026) |
| Beta | 0.93 | 1.00 |
| Alpha | −1.21% | −0.31% |
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)
HDFC Nifty India Consumption Index 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 |
|---|---|---|---|---|---|---|
| Axis Consumption Fund (Direct) | −13.7% | 18-02-2026 | 23-03-2026 | 29-07-2026 | 4 months | −8.5% |
| HDFC Nifty India Consumption Index Fund (Direct) | −13.3% | 18-02-2026 | 31-03-2026 | 27-07-2026 | 4 months | −9.5% |
| Nifty India Consumption TRI | −13.2% | 18-02-2026 | 30-03-2026 | 27-07-2026 | 4 months | −9.5% |
From daily values since 18-02-2026, the first day every fund has.
Axis Consumption vs HDFC Nifty India Consumption Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Consumption Fund, September 2026; HDFC Nifty India Consumption Index Fund, September 2026
Holdings in common
- Overlap
- 71.2%
- Held by both
- 26
- Only in Axis Consumption
- 30
- Only in HDFC Nifty India Consumption Index
- 3
| Security | % of Axis Consumption | % of HDFC Nifty India Consumption Index |
|---|---|---|
| Bharti Airtel Limited | 9.16% | 10.12% |
| Eternal Limited | 8.56% | 7.20% |
| Mahindra & Mahindra Limited | 6.96% | 8.18% |
| 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% | 3.02% |
| Trent Limited | 2.35% | 2.71% |
| ITC Limited | 2.23% | 7.86% |
| 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% | 1.92% |
| United Spirits Limited | 1.91% | 1.25% |
| Eicher Motors Limited | 1.14% | 3.06% |
| Godrej Consumer Products Limited | 1.01% | 1.06% |
| Hero MotoCorp Limited | 0.33% | 2.12% |
| Dixon Technologies (India) Limited | 0.27% | 1.71% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 71.2% means 71.2% 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 HDFC Nifty India Consumption Index Fund
| Security | % of fund |
|---|---|
| Torrent Pharmaceuticals Ltd. | 2.16% |
| INFO EDGE (INDIA) LIMITED | 1.47% |
| DLF LIMITED | 1.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Equity | 99.0% | 98.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 1.3% |
Market cap of stocks
| Market cap | Axis Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Large Cap | 71.8% | 88.0% |
| Mid Cap | 13.0% | 10.7% |
| 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 | HDFC Nifty India Consumption Index |
|---|---|---|
| Automobiles | 19.0% | 24.9% |
| Retailing | 14.0% | 13.3% |
| Diversified FMCG | 4.7% | 13.0% |
| Consumer Durables | 11.7% | 11.0% |
| Telecom - Services | 10.5% | 10.1% |
| Leisure Services | 7.2% | 2.0% |
| Healthcare Services | 6.2% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Consumption vs HDFC Nifty India Consumption Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Consumption Fund | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.87% | 0.44% |
| Base expense ratio (Direct) | 0.62% | 0.30% |
| Total expense ratio (Regular) | 2.16% | 0.88% |
| Base expense ratio (Regular) | 1.73% | 0.69% |
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.
More comparisons
Each fund against the others of its category
Axis Consumption Fund vs HDFC Nifty India Consumption Index Fund: Frequently Asked Questions
What is the difference between Axis Consumption Fund and HDFC Nifty India Consumption Index Fund?
Axis Consumption Fund is a Thematic fund, HDFC Nifty India Consumption Index Fund is an Index fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 71.2%. Axis Consumption Fund charges 0.87% a year and HDFC Nifty India Consumption Index Fund 0.44%.
Which has the lower expense ratio, Axis Consumption Fund or HDFC Nifty India Consumption Index Fund?
HDFC Nifty India Consumption Index Fund charges less: 0.44% a year against 0.87%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Consumption Fund and HDFC Nifty India Consumption Index Fund overlap?
71.2%. They hold 26 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 HDFC Nifty India Consumption Index Fund?
Yes. 71.2% 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 HDFC Nifty India Consumption Index Fund?
Axis Consumption Fund: Hitesh Das, Jayesh Sundar, Krishnaa N. HDFC Nifty India Consumption Index Fund: Nandita Menezes, Arun Agarwal.
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.