Axis Consumption Fund vs HSBC Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Consumption Fund is a Thematic fund and HSBC Consumption Fund is a Thematic fund. In the year to 30-10-2026, Axis Consumption Fund (Direct) returned −9.9% and HSBC Consumption Fund (Direct) returned −4.6%. Axis Consumption Fund charges 0.87% a year and HSBC Consumption Fund 0.89% (Direct plans). Their portfolios overlap 39.1%: they hold 20 of the same securities.
Which is better, Axis Consumption or HSBC Consumption? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Consumption returned more over 1 year: −4.6% against −9.9%.
- Axis Consumption costs less: 0.87% a year against 0.89% (Direct plans).
- Axis Consumption fell less in its worst fall since 18-09-2024: −20.1% against −21.2%.
- Axis Consumption holds more in large companies: 71.8% of the fund in large caps against 34.8%.
- Axis Consumption is the larger fund: ₹2,360 Cr against ₹1,698 Cr.
- Their portfolios overlap 39.1%: 20 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 | HSBC Consumption Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HSBC Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,360 Cr (30-09-2026) | ₹1,698 Cr (30-09-2026) |
| NAV | ₹9.03 (Direct) | ₹14.84 (Direct) |
| Expense ratio (Direct) | 0.87% | 0.89% |
| Expense ratio (Regular) | 2.16% | 2.21% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 12-09-2024 | 31-08-2023 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Hitesh Das, Jayesh Sundar, Krishnaa N | Anish Goenka, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 days. |
Axis Consumption vs HSBC Consumption: 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% | -- | -- | -- |
| HSBC Consumption Fund (Direct) | −3.56% | −5.68% | +1.50% | −4.62% | +13.80% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Consumption vs HSBC Consumption: Year-wise Returns
| Year | AxisAxis Consumption | HSBCHSBC Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −8.04% | −2.41% | −9.10% |
| 2025 | +1.45% | −0.19% | +9.22% |
| 2024 | -- | +34.57% | +19.77% |
Axis Consumption vs HSBC Consumption: 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)
HSBC Consumption Fund (Direct)
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% |
| HSBC Consumption | 24.5 | 49.8 | 22.3 | 3.3 | 0.0 | 0.0 | 0.0 | 2.6% | 2.4% | −7.7% | 13.7% | 59% |
| 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 HSBC Consumption: 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% |
| HSBC ConsumptionHSBC Consumption Fund (Direct) | ₹2,60,000 | ₹2,62,721 | ₹2,721 | 0.9% |
Axis ConsumptionAxis Consumption Fund (Direct)
HSBC ConsumptionHSBC Consumption 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.
Axis Consumption vs HSBC Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Consumption Fund (Direct) | HSBC Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.88% | −4.62% |
| Standard deviation | 14.62% | 16.22% |
| Sharpe ratio | -1.03 | -0.61 |
| Sortino ratio | -1.34 | -0.83 |
| Maximum drawdown | −17.5% (23-03-2026) | −17.3% (23-03-2026) |
| Beta | 0.96 | 0.98 |
| Alpha | +0.08% | +5.61% |
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) | HSBC Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.07% | +13.25% |
| Standard deviation | 13.91% | 14.91% |
| Sharpe ratio | -0.77 | 0.48 |
| Sortino ratio | -1.03 | 0.67 |
| Maximum drawdown | −20.1% (23-03-2026) | −21.2% (28-02-2025) |
| Beta | 0.93 | 0.94 |
| Alpha | −1.21% | +3.09% |
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)
HSBC Consumption 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) | −20.1% | 23-09-2024 | 23-03-2026 | Not yet | -- | −12.8% |
| HSBC Consumption Fund (Direct) | −21.2% | 23-09-2024 | 28-02-2025 | 11-08-2026 | 17 months | −9.3% |
| 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)
HSBC Consumption Fund (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Consumption Fund (Direct) | 89% | 91% | 4.75% |
| HSBC Consumption Fund (Direct) | 92% | 76% | 9.10% |
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 HSBC Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Consumption Fund, September 2026; HSBC Consumption Fund, September 2026
Holdings in common
- Overlap
- 39.1%
- Held by both
- 20
- Only in Axis Consumption
- 36
- Only in HSBC Consumption
- 31
| Security | % of Axis Consumption | % of HSBC Consumption |
|---|---|---|
| Eternal Limited | 8.56% | 7.00% |
| Bharti Airtel Limited | 9.16% | 4.50% |
| Titan Company Limited | 5.25% | 4.23% |
| Maruti Suzuki India Limited | 3.93% | 4.12% |
| Mahindra & Mahindra Limited | 6.96% | 2.90% |
| Varun Beverages Limited | 2.59% | 3.25% |
| TVS Motor Company Limited | 2.37% | 3.19% |
| Trent Limited | 2.35% | 2.08% |
| Britannia Industries Limited | 1.68% | 1.96% |
| Ather Energy Limited | 1.57% | 3.25% |
| Godrej Consumer Products Limited | 1.01% | 1.61% |
| TBO Tek Limited | 1.00% | 1.37% |
| Jubilant Foodworks Limited | 0.93% | 0.92% |
| Devyani International Limited | 0.60% | 1.87% |
| Amber Enterprises India Limited | 0.60% | 2.46% |
| Voltas Limited | 0.55% | 1.09% |
| Radico Khaitan Limited | 0.54% | 4.99% |
| United Spirits Limited | 1.91% | 0.48% |
| Craftsman Automation Limited | 0.31% | 2.50% |
| Dixon Technologies (India) Limited | 0.27% | 2.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.1% means 39.1% 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 |
|---|---|
| Asian Paints Limited | 3.48% |
| Apollo Hospitals Enterprise Limited | 3.47% |
| InterGlobe Aviation Limited | 3.34% |
| Tata Consumer Products Limited | 2.48% |
| Hindustan Unilever Limited | 2.46% |
Largest holdings only in HSBC Consumption Fund
| Security | % of fund |
|---|---|
| Milky Mist Dairy Food Limited | 3.37% |
| GLOBAL HEALTH LIMITED | 3.09% |
| Multi Commodity Exchange of India Ltd. | 2.70% |
| KALYAN JEWELLERS INDIA LIMITED | 2.48% |
| Krishna Institute of Medical Science Ltd | 2.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Consumption | HSBC Consumption |
|---|---|---|
| Equity | 99.0% | 98.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 1.9% |
Market cap of stocks
| Market cap | Axis Consumption | HSBC Consumption |
|---|---|---|
| Large Cap | 71.8% | 34.8% |
| Mid Cap | 13.0% | 23.6% |
| Small Cap | 14.1% | 34.5% |
| Not on AMFI's list | 0.0% | 5.3% |
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 | HSBC Consumption |
|---|---|---|
| Automobiles | 19.0% | 13.5% |
| Consumer Durables | 11.7% | 17.4% |
| Retailing | 14.0% | 15.5% |
| Telecom - Services | 10.5% | 4.5% |
| Beverages | 5.0% | 9.2% |
| Leisure Services | 7.2% | 5.8% |
| Food Products | 3.6% | 6.8% |
| Healthcare Services | 6.2% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Consumption vs HSBC Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Consumption Fund | HSBC Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.87% | 0.89% |
| Base expense ratio (Direct) | 0.62% | 0.68% |
| Total expense ratio (Regular) | 2.16% | 2.21% |
| Base expense ratio (Regular) | 1.73% | 1.80% |
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
Compare Axis Consumption with
Axis Consumption Fund vs HSBC Consumption Fund: Frequently Asked Questions
What is the difference between Axis Consumption Fund and HSBC Consumption Fund?
Axis Consumption Fund is a Thematic fund, HSBC Consumption Fund is a Thematic fund, run by Axis Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 39.1%. Axis Consumption Fund charges 0.87% a year and HSBC Consumption Fund 0.89%.
Which has given higher returns, Axis Consumption Fund or HSBC Consumption Fund?
Over 1 year: Axis Consumption Fund −9.88%, HSBC Consumption Fund −4.62%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Consumption Fund or HSBC Consumption Fund?
Axis Consumption Fund charges less: 0.87% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Consumption Fund and HSBC Consumption Fund overlap?
39.1%. They hold 20 of the same securities, the largest shared ones being ETERNAL, BHARTIARTL, TITAN. From each fund's latest monthly portfolio.
Can I invest in both Axis Consumption Fund and HSBC Consumption Fund?
Yes. 39.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Consumption Fund and HSBC Consumption Fund?
Axis Consumption Fund: Hitesh Das, Jayesh Sundar, Krishnaa N. HSBC Consumption Fund: Anish Goenka, Mayank Chaturvedi, Dipan S. 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.