Axis Consumption Fund vs Union Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Consumption Fund is a Thematic fund and Union Consumption Fund is a Thematic fund. Axis Consumption Fund charges 0.87% a year and Union Consumption Fund 1.37% (Direct plans). Their portfolios overlap 50.0%: they hold 22 of the same securities.
Which is better, Axis Consumption or Union 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 1.37% (Direct plans).
- Axis Consumption fell less in its worst fall since 26-12-2025: −16.4% against −16.8%.
- Axis Consumption holds more in large companies: 71.8% of the fund in large caps against 50.1%.
- Axis Consumption is the larger fund: ₹2,360 Cr against ₹314 Cr.
- Their portfolios overlap 50.0%: 22 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 | Union Consumption Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Union Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,360 Cr (30-09-2026) | ₹314 Cr (30-09-2026) |
| NAV | ₹9.03 (Direct) | ₹9.56 (Direct) |
| Expense ratio (Direct) | 0.87% | 1.37% |
| Expense ratio (Regular) | 2.16% | 2.69% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 12-09-2024 | 22-12-2025 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Hitesh Das, Jayesh Sundar, Krishnaa N | Vinod Malviya, Sanjay Bembalkar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days. | Exit load of 1%, if redeemed within 1 Year. |
Axis Consumption vs Union 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% | -- | -- | -- |
| Union Consumption Fund (Direct) | +0.42% | −2.65% | +4.14% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Consumption vs Union Consumption: Year-wise Returns
| Year | AxisAxis Consumption | UnionUnion Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −8.04% | −4.69% | −9.10% |
| 2025 | +1.45% | -- | +9.22% |
Axis Consumption vs Union Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Axis Consumption vs Union 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) | Union Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.07% | −5.20% |
| Standard deviation | 13.91% | 15.32% |
| Sharpe ratio | -0.77 | -0.68 |
| Sortino ratio | -1.03 | -0.91 |
| Maximum drawdown | −20.1% (23-03-2026) | −16.8% (30-03-2026) |
| Beta | 0.93 | 0.91 |
| Alpha | −1.21% | +3.54% |
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)
Union 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) | −16.4% | 06-01-2026 | 23-03-2026 | Not yet | -- | −8.7% |
| Union Consumption Fund (Direct) | −16.8% | 05-01-2026 | 30-03-2026 | 14-08-2026 | 5 months | −5.6% |
| Nifty India Consumption TRI | −15.8% | 31-12-2025 | 30-03-2026 | 03-08-2026 | 4 months | −9.5% |
From daily values since 26-12-2025, the first day every fund has.
Axis Consumption vs Union Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Consumption Fund, September 2026; Union Consumption Fund, September 2026
Holdings in common
- Overlap
- 50.0%
- Held by both
- 22
- Only in Axis Consumption
- 34
- Only in Union Consumption
- 26
| Security | % of Axis Consumption | % of Union Consumption |
|---|---|---|
| Eternal Limited | 8.56% | 7.22% |
| Bharti Airtel Limited | 9.16% | 7.05% |
| Mahindra & Mahindra Limited | 6.96% | 5.27% |
| Maruti Suzuki India Limited | 3.93% | 4.78% |
| Titan Company Limited | 5.25% | 3.63% |
| Varun Beverages Limited | 2.59% | 3.79% |
| Trent Limited | 2.35% | 3.65% |
| Tata Consumer Products Limited | 2.48% | 2.34% |
| Hindustan Unilever Limited | 2.46% | 1.95% |
| TVS Motor Company Limited | 2.37% | 1.65% |
| Ather Energy Limited | 1.57% | 2.70% |
| Berger Paints (I) Limited | 1.51% | 1.66% |
| ITC Limited | 2.23% | 1.42% |
| Marico Limited | 1.27% | 2.51% |
| InterGlobe Aviation Limited | 3.34% | 1.21% |
| Doms Industries Limited | 1.31% | 1.12% |
| Arvind Fashions Limited | 1.12% | 1.63% |
| Pidilite Industries Limited | 0.95% | 2.03% |
| Hyundai Motor India Ltd | 0.65% | 0.84% |
| Radico Khaitan Limited | 0.54% | 3.30% |
| Nestle India Limited | 1.90% | 0.37% |
| Dixon Technologies (India) Limited | 0.27% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.0% means 50.0% 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% |
| The Indian Hotels Company Limited | 2.07% |
| Bajaj Auto Limited | 2.06% |
| United Spirits Limited | 1.91% |
Largest holdings only in Union Consumption Fund
| Security | % of fund |
|---|---|
| LG Electronics India Ltd. | 2.94% |
| FSN E-Commerce Ventures Ltd. | 2.85% |
| Zydus Wellness Ltd. | 2.83% |
| Honasa Consumer Ltd. | 2.67% |
| One 97 Communications Ltd. | 2.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Consumption | Union Consumption |
|---|---|---|
| Equity | 99.0% | 98.7% |
| Debt | 0.0% | 0.1% |
| Cash and others | 1.0% | 1.2% |
Market cap of stocks
| Market cap | Axis Consumption | Union Consumption |
|---|---|---|
| Large Cap | 71.8% | 50.1% |
| Mid Cap | 13.0% | 25.4% |
| Small Cap | 14.1% | 20.4% |
| Not on AMFI's list | 0.0% | 2.8% |
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 | Union Consumption |
|---|---|---|
| Retailing | 14.0% | 19.9% |
| Automobiles | 19.0% | 15.2% |
| Consumer Durables | 11.7% | 13.0% |
| Telecom - Services | 10.5% | 7.0% |
| Leisure Services | 7.2% | 0.0% |
| Beverages | 5.0% | 7.1% |
| Healthcare Services | 6.2% | 2.1% |
| Agricultural Food & other Products | 3.8% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Consumption vs Union Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Consumption Fund | Union Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.87% | 1.37% |
| Base expense ratio (Direct) | 0.62% | 0.94% |
| Total expense ratio (Regular) | 2.16% | 2.69% |
| 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 Union Consumption Fund: Frequently Asked Questions
What is the difference between Axis Consumption Fund and Union Consumption Fund?
Axis Consumption Fund is a Thematic fund, Union Consumption Fund is a Thematic fund, run by Axis Mutual Fund and Union Mutual Fund. Their portfolios overlap 50.0%. Axis Consumption Fund charges 0.87% a year and Union Consumption Fund 1.37%.
Which has the lower expense ratio, Axis Consumption Fund or Union Consumption Fund?
Axis Consumption Fund charges less: 0.87% a year against 1.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Consumption Fund and Union Consumption Fund overlap?
50.0%. They hold 22 of the same securities, the largest shared ones being ETERNAL, BHARTIARTL, M&M. From each fund's latest monthly portfolio.
Can I invest in both Axis Consumption Fund and Union Consumption Fund?
Yes. 50.0% 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 Union Consumption Fund?
Axis Consumption Fund: Hitesh Das, Jayesh Sundar, Krishnaa N. Union Consumption Fund: Vinod Malviya, Sanjay Bembalkar.
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.