Axis NIFTY India Consumption ETF vs HDFC Consumption Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis NIFTY India Consumption ETF is an ETF fund and HDFC Consumption Fund is a Thematic fund. In the 3 years to 30-10-2026, Axis NIFTY India Consumption ETF returned 10.5% a year and HDFC Consumption Fund (Direct) returned 9.2% a year. Axis NIFTY India Consumption ETF charges 0.47% a year and HDFC Consumption Fund 1.40%. Their portfolios overlap 62.7%: they hold 22 of the same securities.
Axis NIFTY India Consumption ETF
ETF
- 3 year return
- 10.5%
- Expense ratio
- 0.47%
- NAV
- ₹114.29
Which is better, Axis NIFTY India Consumption ETF or HDFC 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 NIFTY India Consumption ETF returned more over 3 years: 10.5% a year against 9.2%.
- Axis NIFTY India Consumption ETF returned more over 1 year: −10.9% against −11.0%.
- Axis NIFTY India Consumption ETF costs less: 0.47% a year against 1.40%.
- HDFC Consumption swung less over 3 years: a standard deviation of 13.5% a year against 13.9%.
- Axis NIFTY India Consumption ETF fell less in its worst fall since 12-07-2023: −21.9% against −23.5%.
- Axis NIFTY India Consumption ETF holds more in large companies: 88.0% of the fund in large caps against 69.6%.
- HDFC Consumption is the larger fund: ₹954 Cr against ₹13 Cr.
- Their portfolios overlap 62.7%: 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 NIFTY India Consumption ETF | HDFC Consumption Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹13 Cr (30-09-2026) | ₹954 Cr (30-09-2026) |
| NAV | ₹114.29 | ₹13.47 (Direct) |
| Expense ratio (Direct) | Not available | 1.40% |
| Expense ratio (Regular) | Not available | 2.42% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 17-09-2021 | 12-07-2023 |
| Minimum investment | 50000 (Units) | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Amit Sinha, Gopal Agrawal, Bhagyesh Kagalkar |
| Exit load | N/A | In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed /switched-out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed / switched out after 30 days from the date of allotment. |
Axis NIFTY India Consumption ETF vs HDFC 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 NIFTY India Consumption ETF | +0.13% | −8.18% | −2.45% | −10.92% | +10.54% | +10.14% | -- |
| HDFC Consumption Fund (Direct) | −1.26% | −6.76% | −1.33% | −11.03% | +9.22% | -- | -- |
| 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 NIFTY India Consumption ETF vs HDFC Consumption: Year-wise Returns
| Year | Axis NIFTY India Consumption ETFAxis NIFTY India Consumption ETF | HDFC ConsumptionHDFC Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −9.39% | −7.73% | −9.10% |
| 2025 | +8.80% | +0.51% | +9.22% |
| 2024 | +19.16% | +24.15% | +19.77% |
| 2023 | +27.47% | -- | +27.96% |
| 2022 | +8.11% | -- | +8.53% |
Axis NIFTY India Consumption ETF vs HDFC Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 75 of them, one for each trading day from 13-07-2026 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 NIFTY India Consumption ETF
HDFC Consumption Fund (Direct)
Nifty India Consumption TRI
to
Jul 2026Aug 2023
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 NIFTY India Consumption ETF | 0.0 | 0.0 | 22.7 | 77.3 | 0.0 | 0.0 | 0.0 | 11.8% | 11.9% | 8.6% | 14.7% | 0% |
| HDFC Consumption | 0.0 | 0.0 | 28.0 | 72.0 | 0.0 | 0.0 | 0.0 | 11.2% | 11.8% | 7.5% | 14.1% | 0% |
| Nifty India Consumption TRI | 0.0 | 0.0 | 16.0 | 82.7 | 1.3 | 0.0 | 0.0 | 12.3% | 12.4% | 9.1% | 15.2% | -- |
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 12-07-2023. Past returns do not promise future returns.
Axis NIFTY India Consumption ETF vs HDFC 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 03-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis NIFTY India Consumption ETFAxis NIFTY India Consumption ETF | ₹4,00,000 | ₹4,17,223 | ₹17,223 | 2.5% |
| HDFC ConsumptionHDFC Consumption Fund (Direct) | ₹4,00,000 | ₹4,11,163 | ₹11,163 | 1.6% |
Axis NIFTY India Consumption ETFAxis NIFTY India Consumption ETF
HDFC ConsumptionHDFC 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 NIFTY India Consumption ETF vs HDFC Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis NIFTY India Consumption ETF | HDFC Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.92% | −11.03% |
| Standard deviation | 15.09% | 14.56% |
| Sharpe ratio | -1.07 | -1.12 |
| Sortino ratio | -1.40 | -1.47 |
| Maximum drawdown | −17.3% (31-03-2026) | −18.6% (31-03-2026) |
| Beta | 1.00 | 0.93 |
| Alpha | −0.36% | −1.59% |
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 NIFTY India Consumption ETF | HDFC Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.54% | +9.22% |
| Standard deviation | 13.89% | 13.47% |
| Sharpe ratio | 0.32 | 0.24 |
| Sortino ratio | 0.46 | 0.33 |
| Maximum drawdown | −21.9% (04-03-2025) | −23.5% (31-03-2026) |
| Beta | 1.00 | 0.88 |
| Alpha | −0.47% | −1.19% |
From daily NAVs, 30-10-2023 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 NIFTY India Consumption ETF | HDFC Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.08% | +9.43% |
| Standard deviation | 13.95% | 13.13% |
| Sharpe ratio | 0.24 | 0.25 |
| Sortino ratio | 0.33 | 0.35 |
| Maximum drawdown | −21.9% (04-03-2025) | −23.5% (31-03-2026) |
| Beta | 1.00 | 0.88 |
| Alpha | −0.42% | +0.22% |
From daily NAVs, 23-09-2021 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 NIFTY India Consumption ETF
HDFC 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 NIFTY India Consumption ETF | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −14.1% |
| HDFC Consumption Fund (Direct) | −23.5% | 23-09-2024 | 31-03-2026 | Not yet | -- | −16.4% |
| Nifty India Consumption TRI | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.4% |
From daily values since 12-07-2023, 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 NIFTY India Consumption ETF
HDFC Consumption Fund (Direct)
Nifty India Consumption TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis NIFTY India Consumption ETF
HDFC Consumption Fund (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis NIFTY India Consumption ETF | 99% | 101% | 0.07% |
| HDFC Consumption Fund (Direct) | 87% | 80% | 6.08% |
From month-end values since 12-07-2023. 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 NIFTY India Consumption ETF vs HDFC Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Axis NIFTY India Consumption ETF, September 2026; HDFC Consumption Fund, September 2026
Holdings in common
- Overlap
- 62.7%
- Held by both
- 22
- Only in Axis NIFTY India Consumption ETF
- 8
- Only in HDFC Consumption
- 28
| Security | % of Axis NIFTY India Consumption ETF | % of HDFC Consumption |
|---|---|---|
| Mahindra & Mahindra Limited | 8.19% | 8.26% |
| Eternal Limited | 7.20% | 9.56% |
| Bharti Airtel Limited | 10.13% | 5.21% |
| Hindustan Unilever Limited | 5.18% | 7.39% |
| Bajaj Auto Limited | 3.68% | 3.64% |
| Maruti Suzuki India Limited | 4.83% | 3.62% |
| Titan Company Limited | 5.89% | 3.22% |
| Asian Paints Limited | 3.37% | 3.05% |
| TVS Motor Company Limited | 3.00% | 3.10% |
| Eicher Motors Limited | 3.06% | 2.85% |
| Apollo Hospitals Enterprise Limited | 2.61% | 2.05% |
| Trent Limited | 2.71% | 2.04% |
| Varun Beverages Limited | 1.83% | 2.06% |
| Nestle India Limited | 2.92% | 1.78% |
| Britannia Industries Limited | 1.77% | 2.63% |
| Info Edge (India) Limited | 1.47% | 1.55% |
| InterGlobe Aviation Limited | 3.50% | 1.39% |
| United Spirits Limited | 1.24% | 2.65% |
| Max Healthcare Institute Limited | 2.15% | 1.08% |
| Godrej Consumer Products Limited | 1.06% | 3.70% |
| Tata Consumer Products Limited | 1.92% | 0.95% |
| Tata Power Company Limited | 1.87% | 0.85% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.7% means 62.7% 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 NIFTY India Consumption ETF
| Security | % of fund |
|---|---|
| ITC Limited | 7.87% |
| Torrent Pharmaceuticals Limited | 2.19% |
| Hero MotoCorp Limited | 2.11% |
| The Indian Hotels Company Limited | 1.99% |
| Avenue Supermarts Limited | 1.91% |
Largest holdings only in HDFC Consumption Fund
| Security | % of fund |
|---|---|
| Vishal Mega Mart Limited | 3.99% |
| Chalet Hotels Ltd. | 2.66% |
| Jupiter Life Line Hospitals Limited | 1.70% |
| JSW Dulux Limited | 1.61% |
| AUGMONT ENTERPRISES LIMITED | 1.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis NIFTY India Consumption ETF | HDFC Consumption |
|---|---|---|
| Equity | 99.9% | 98.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 1.3% |
Market cap of stocks
| Market cap | Axis NIFTY India Consumption ETF | HDFC Consumption |
|---|---|---|
| Large Cap | 88.0% | 69.6% |
| Mid Cap | 11.9% | 11.7% |
| Small Cap | 0.0% | 12.7% |
| Not on AMFI's list | 0.0% | 4.7% |
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 NIFTY India Consumption ETF | HDFC Consumption |
|---|---|---|
| Automobiles | 24.9% | 22.7% |
| Retailing | 13.3% | 19.2% |
| Diversified FMCG | 13.1% | 7.4% |
| Consumer Durables | 10.9% | 9.3% |
| Telecom - Services | 10.1% | 5.2% |
| Healthcare Services | 6.0% | 6.0% |
| Personal Products | 1.1% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis NIFTY India Consumption ETF vs HDFC Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis NIFTY India Consumption ETF | HDFC Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.40% |
| Base expense ratio (Direct) | 0.00% | 1.05% |
| Total expense ratio (Regular) | Not available | 2.42% |
| Base expense ratio (Regular) | 0.36% | 1.94% |
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 NIFTY India Consumption ETF vs HDFC Consumption Fund: Frequently Asked Questions
What is the difference between Axis NIFTY India Consumption ETF and HDFC Consumption Fund?
Axis NIFTY India Consumption ETF is an ETF fund, HDFC Consumption Fund is a Thematic fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 62.7%. Axis NIFTY India Consumption ETF charges 0.47% a year and HDFC Consumption Fund 1.40%.
Which has given higher returns, Axis NIFTY India Consumption ETF or HDFC Consumption Fund?
Over 1 year: Axis NIFTY India Consumption ETF −10.92%, HDFC Consumption Fund −11.03%. Over 3 years: Axis NIFTY India Consumption ETF +10.54% a year, HDFC Consumption Fund +9.22% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis NIFTY India Consumption ETF or HDFC Consumption Fund?
Axis NIFTY India Consumption ETF charges less: 0.47% a year against 1.40%. These are the total expense ratios reported to AMFI.
How much do Axis NIFTY India Consumption ETF and HDFC Consumption Fund overlap?
62.7%. They hold 22 of the same securities, the largest shared ones being M&M, ETERNAL, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Axis NIFTY India Consumption ETF or HDFC Consumption Fund?
On SEBI's riskometer, Axis NIFTY India Consumption ETF is rated Very High and HDFC Consumption Fund Very High. Over 3 years, the standard deviation of daily returns was 13.89% and 13.47% a year.
Which is better for SIP, Axis NIFTY India Consumption ETF or HDFC Consumption Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,76,788 in Axis NIFTY India Consumption ETF (XIRR 1.2% a year) and ₹3,70,990 in HDFC Consumption Fund (XIRR 0.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis NIFTY India Consumption ETF and HDFC Consumption Fund?
Yes. 62.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis NIFTY India Consumption ETF and HDFC Consumption Fund?
Axis NIFTY India Consumption ETF: Nandik Malik, Rohit Gautam. HDFC Consumption Fund: Amit Sinha, Gopal Agrawal, Bhagyesh Kagalkar.
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.