Axis Consumption Fund vs LIC MF Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Consumption Fund is a Thematic fund and LIC MF Consumption Fund is a Thematic fund. Axis Consumption Fund charges 0.87% a year and LIC MF Consumption Fund 1.22% (Direct plans). Their portfolios overlap 31.8%: they hold 20 of the same securities.
Which is better, Axis Consumption or LIC MF Consumption? 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 costs less: 0.87% a year against 1.22% (Direct plans).
- LIC MF Consumption fell less in its worst fall since 25-11-2025: −14.8% against −17.0%.
- Axis Consumption holds more in large companies: 71.8% of the fund in large caps against 36.7%.
- Axis Consumption is the larger fund: ₹2,360 Cr against ₹424 Cr.
- Their portfolios overlap 31.8%: 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 | LIC MF Consumption Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | LIC Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,360 Cr (30-09-2026) | ₹424 Cr (30-09-2026) |
| NAV | ₹9.03 (Direct) | ₹9.16 (Direct) |
| Expense ratio (Direct) | 0.87% | 1.22% |
| Expense ratio (Regular) | 2.16% | 2.73% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 12-09-2024 | 21-11-2025 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Hitesh Das, Jayesh Sundar, Krishnaa N | Sumit Bhatnagar, Nikhil Kapoor |
| 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 12% of the investment,1% will be charged for redemption within 90 days. |
Axis Consumption vs LIC MF 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% | -- | -- | -- |
| LIC MF Consumption Fund (Direct) | −2.54% | −7.77% | −2.41% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Consumption vs LIC MF Consumption: Year-wise Returns
| Year | AxisAxis Consumption | LIC MFLIC MF Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −8.04% | −8.21% | −9.10% |
| 2025 | +1.45% | -- | +9.22% |
Axis Consumption vs LIC MF Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Axis Consumption vs LIC MF 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) | LIC MF Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.07% | −9.11% |
| Standard deviation | 13.91% | 14.76% |
| Sharpe ratio | -0.77 | -0.97 |
| Sortino ratio | -1.03 | -1.30 |
| Maximum drawdown | −20.1% (23-03-2026) | −14.8% (23-03-2026) |
| Beta | 0.93 | 0.87 |
| Alpha | −1.21% | −0.46% |
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)
LIC MF 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) | −17.0% | 26-11-2025 | 23-03-2026 | Not yet | -- | −9.3% |
| LIC MF Consumption Fund (Direct) | −14.8% | 26-11-2025 | 23-03-2026 | 03-08-2026 | 4 months | −9.8% |
| Nifty India Consumption TRI | −17.2% | 26-11-2025 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 25-11-2025, the first day every fund has.
Axis Consumption vs LIC MF Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Consumption Fund, September 2026; LIC MF Consumption Fund, September 2026
Holdings in common
- Overlap
- 31.8%
- Held by both
- 20
- Only in Axis Consumption
- 36
- Only in LIC MF Consumption
- 33
| Security | % of Axis Consumption | % of LIC MF Consumption |
|---|---|---|
| Eternal Limited | 8.56% | 5.28% |
| Bharti Airtel Limited | 9.16% | 3.45% |
| TVS Motor Company Limited | 2.37% | 2.41% |
| The Indian Hotels Company Limited | 2.07% | 3.54% |
| Trent Limited | 2.35% | 2.03% |
| Mahindra & Mahindra Limited | 6.96% | 1.94% |
| InterGlobe Aviation Limited | 3.34% | 1.76% |
| Britannia Industries Limited | 1.68% | 1.40% |
| Titan Company Limited | 5.25% | 1.31% |
| Marico Limited | 1.27% | 2.09% |
| Varun Beverages Limited | 2.59% | 1.17% |
| Eicher Motors Limited | 1.14% | 1.73% |
| Apollo Hospitals Enterprise Limited | 3.47% | 1.13% |
| Arvind Fashions Limited | 1.12% | 2.17% |
| Pidilite Industries Limited | 0.95% | 1.32% |
| ITC Hotels Limited | 0.86% | 2.99% |
| Delhivery Limited | 0.75% | 0.72% |
| Hyundai Motor India Ltd | 0.65% | 1.73% |
| Vishal Mega Mart Limited | 0.60% | 2.38% |
| Radico Khaitan Limited | 0.54% | 1.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.8% means 31.8% 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 |
|---|---|
| Maruti Suzuki India Limited | 3.93% |
| Asian Paints Limited | 3.48% |
| Tata Consumer Products Limited | 2.48% |
| Hindustan Unilever Limited | 2.46% |
| ITC Limited | 2.23% |
Largest holdings only in LIC MF Consumption Fund
| Security | % of fund |
|---|---|
| LG Electronics India Ltd. | 2.79% |
| MRS Bectors Food Specialities Ltd. | 2.71% |
| Leela Palaces Hotels & Resorts Ltd. | 2.67% |
| JK Cement Ltd. | 2.64% |
| Eureka Forbes Ltd. | 2.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Consumption | LIC MF Consumption |
|---|---|---|
| Equity | 99.0% | 93.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 6.1% |
Market cap of stocks
| Market cap | Axis Consumption | LIC MF Consumption |
|---|---|---|
| Large Cap | 71.8% | 36.7% |
| Mid Cap | 13.0% | 28.7% |
| Small Cap | 14.1% | 28.0% |
| Not on AMFI's list | 0.0% | 0.5% |
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 | LIC MF Consumption |
|---|---|---|
| Automobiles | 19.0% | 7.8% |
| Retailing | 14.0% | 14.5% |
| Consumer Durables | 11.7% | 12.3% |
| Telecom - Services | 10.5% | 3.5% |
| Leisure Services | 7.2% | 9.2% |
| Healthcare Services | 6.2% | 5.2% |
| Food Products | 3.6% | 6.1% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.5% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Consumption vs LIC MF Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Consumption Fund | LIC MF Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.87% | 1.22% |
| Base expense ratio (Direct) | 0.62% | 0.77% |
| Total expense ratio (Regular) | 2.16% | 2.73% |
| Base expense ratio (Regular) | 1.73% | 2.10% |
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 LIC MF Consumption Fund: Frequently Asked Questions
What is the difference between Axis Consumption Fund and LIC MF Consumption Fund?
Axis Consumption Fund is a Thematic fund, LIC MF Consumption Fund is a Thematic fund, run by Axis Mutual Fund and LIC Mutual Fund. Their portfolios overlap 31.8%. Axis Consumption Fund charges 0.87% a year and LIC MF Consumption Fund 1.22%.
Which has the lower expense ratio, Axis Consumption Fund or LIC MF Consumption Fund?
Axis Consumption Fund charges less: 0.87% a year against 1.22%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Consumption Fund and LIC MF Consumption Fund overlap?
31.8%. They hold 20 of the same securities, the largest shared ones being ETERNAL, BHARTIARTL, TVSMOTOR. From each fund's latest monthly portfolio.
Can I invest in both Axis Consumption Fund and LIC MF Consumption Fund?
Yes. 31.8% 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 LIC MF Consumption Fund?
Axis Consumption Fund: Hitesh Das, Jayesh Sundar, Krishnaa N. LIC MF Consumption Fund: Sumit Bhatnagar, Nikhil Kapoor.
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.