Axis NIFTY India Consumption ETF vs HDFC Nifty India Consumption Index 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 Nifty India Consumption Index Fund is an Index fund. Axis NIFTY India Consumption ETF charges 0.47% a year and HDFC Nifty India Consumption Index Fund 0.44%. Their portfolios overlap 98.6%: they hold 29 of the same securities.
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Which is better, Axis NIFTY India Consumption ETF 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 0.47%.
- Axis NIFTY India Consumption ETF fell less in its worst fall since 18-02-2026: −13.3% against −13.3%.
- HDFC Nifty India Consumption Index is the larger fund: ₹105 Cr against ₹13 Cr.
- Their portfolios overlap 98.6%: 29 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 Nifty India Consumption Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | ETF | Index |
| AUM | ₹13 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹114.29 | ₹9.34 (Direct) |
| Expense ratio (Direct) | Not available | 0.44% |
| Expense ratio (Regular) | Not available | 0.88% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 17-09-2021 | 18-02-2026 |
| Minimum investment | 50000 (Units) | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Nandita Menezes, Arun Agarwal |
| Exit load | N/A | NIL |
Axis NIFTY India Consumption ETF 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 NIFTY India Consumption ETF | +0.13% | −8.18% | −2.45% | −10.92% | +10.54% | +10.14% | -- |
| HDFC Nifty India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
Axis NIFTY India Consumption ETF vs HDFC Nifty India Consumption Index: Year-wise Returns
| Year | Axis NIFTY India Consumption ETFAxis NIFTY India Consumption ETF | HDFC Nifty India Consumption IndexHDFC Nifty India Consumption Index | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −9.39% | -- | −9.10% |
| 2025 | +8.80% | -- | +9.22% |
| 2024 | +19.16% | -- | +19.77% |
| 2023 | +27.47% | -- | +27.96% |
| 2022 | +8.11% | -- | +8.53% |
Axis NIFTY India Consumption ETF vs HDFC Nifty India Consumption Index: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Axis NIFTY India Consumption ETF 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 NIFTY India Consumption ETF | HDFC Nifty India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.08% | −9.25% |
| Standard deviation | 13.95% | 16.56% |
| Sharpe ratio | 0.24 | -0.88 |
| Sortino ratio | 0.33 | -1.15 |
| Maximum drawdown | −21.9% (04-03-2025) | −13.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.42% | −0.31% |
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 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 NIFTY India Consumption ETF | −13.3% | 18-02-2026 | 31-03-2026 | 27-07-2026 | 4 months | −9.5% |
| 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 NIFTY India Consumption ETF vs HDFC Nifty India Consumption Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis NIFTY India Consumption ETF, September 2026; HDFC Nifty India Consumption Index Fund, September 2026
Holdings in common
- Overlap
- 98.6%
- Held by both
- 29
- Only in Axis NIFTY India Consumption ETF
- 1
- Only in HDFC Nifty India Consumption Index
- 0
| Security | % of Axis NIFTY India Consumption ETF | % of HDFC Nifty India Consumption Index |
|---|---|---|
| Bharti Airtel Limited | 10.13% | 10.12% |
| Mahindra & Mahindra Limited | 8.19% | 8.18% |
| ITC Limited | 7.87% | 7.86% |
| Eternal Limited | 7.20% | 7.20% |
| Titan Company Limited | 5.89% | 5.89% |
| Hindustan Unilever Limited | 5.18% | 5.18% |
| Maruti Suzuki India Limited | 4.83% | 4.83% |
| Bajaj Auto Limited | 3.68% | 3.68% |
| InterGlobe Aviation Limited | 3.50% | 3.50% |
| Asian Paints Limited | 3.37% | 3.37% |
| Eicher Motors Limited | 3.06% | 3.06% |
| TVS Motor Company Limited | 3.00% | 3.02% |
| Nestle India Limited | 2.92% | 2.92% |
| Trent Limited | 2.71% | 2.71% |
| Apollo Hospitals Enterprise Limited | 2.61% | 2.61% |
| Torrent Pharmaceuticals Limited | 2.19% | 2.16% |
| Max Healthcare Institute Limited | 2.15% | 2.15% |
| Hero MotoCorp Limited | 2.11% | 2.12% |
| The Indian Hotels Company Limited | 1.99% | 1.99% |
| Tata Consumer Products Limited | 1.92% | 1.92% |
| Avenue Supermarts Limited | 1.91% | 1.92% |
| Tata Power Company Limited | 1.87% | 1.87% |
| Varun Beverages Limited | 1.83% | 1.83% |
| Britannia Industries Limited | 1.77% | 1.77% |
| Dixon Technologies (India) Limited | 1.69% | 1.71% |
| Info Edge (India) Limited | 1.47% | 1.47% |
| DLF Limited | 1.34% | 1.35% |
| United Spirits Limited | 1.24% | 1.25% |
| Godrej Consumer Products Limited | 1.06% | 1.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 98.6% means 98.6% 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 |
|---|---|
| Fortis Healthcare Limited | 1.25% |
Largest holdings only in HDFC Nifty India Consumption Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis NIFTY India Consumption ETF | HDFC Nifty India Consumption Index |
|---|---|---|
| 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 Nifty India Consumption Index |
|---|---|---|
| Large Cap | 88.0% | 88.0% |
| Mid Cap | 11.9% | 10.7% |
| Small Cap | 0.0% | 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 NIFTY India Consumption ETF | HDFC Nifty India Consumption Index |
|---|---|---|
| Automobiles | 24.9% | 24.9% |
| Retailing | 13.3% | 13.3% |
| Diversified FMCG | 13.1% | 13.0% |
| Consumer Durables | 10.9% | 11.0% |
| Telecom - Services | 10.1% | 10.1% |
| Healthcare Services | 6.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis NIFTY India Consumption ETF vs HDFC Nifty India Consumption Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis NIFTY India Consumption ETF | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.44% |
| Base expense ratio (Direct) | 0.00% | 0.30% |
| Total expense ratio (Regular) | Not available | 0.88% |
| Base expense ratio (Regular) | 0.36% | 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.
Axis NIFTY India Consumption ETF vs HDFC Nifty India Consumption Index Fund: Frequently Asked Questions
What is the difference between Axis NIFTY India Consumption ETF and HDFC Nifty India Consumption Index Fund?
Axis NIFTY India Consumption ETF is an ETF fund, HDFC Nifty India Consumption Index Fund is an Index fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 98.6%. Axis NIFTY India Consumption ETF charges 0.47% a year and HDFC Nifty India Consumption Index Fund 0.44%.
Which has the lower expense ratio, Axis NIFTY India Consumption ETF or HDFC Nifty India Consumption Index Fund?
HDFC Nifty India Consumption Index Fund charges less: 0.44% a year against 0.47%. These are the total expense ratios reported to AMFI.
How much do Axis NIFTY India Consumption ETF and HDFC Nifty India Consumption Index Fund overlap?
98.6%. They hold 29 of the same securities, the largest shared ones being BHARTIARTL, M&M, ITC. From each fund's latest monthly portfolio.
Which is riskier, Axis NIFTY India Consumption ETF or HDFC Nifty India Consumption Index Fund?
On SEBI's riskometer, Axis NIFTY India Consumption ETF is rated Very High and HDFC Nifty India Consumption Index Fund Very High. Over their common history, the standard deviation of daily returns was 13.95% and 16.56% a year.
Can I invest in both Axis NIFTY India Consumption ETF and HDFC Nifty India Consumption Index Fund?
Yes. 98.6% 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 Nifty India Consumption Index Fund?
Axis NIFTY India Consumption ETF: Nandik Malik, Rohit Gautam. 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.