Bank of India Consumption Fund vs HDFC Nifty India Consumption Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Consumption Fund is a Thematic fund and HDFC Nifty India Consumption Index Fund is an Index fund. Bank of India Consumption Fund charges 1.53% a year and HDFC Nifty India Consumption Index Fund 0.44% (Direct plans). Their portfolios overlap 37.5%: they hold 11 of the same securities.
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Which is better, Bank of India Consumption 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 1.53% (Direct plans).
- Bank of India Consumption fell less in its worst fall since 18-02-2026: −11.0% against −13.3%.
- HDFC Nifty India Consumption Index holds more in large companies: 88.0% of the fund in large caps against 43.7%.
- Bank of India Consumption is the larger fund: ₹346 Cr against ₹105 Cr.
- Their portfolios overlap 37.5%: 11 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 | Bank of India Consumption Fund | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | HDFC Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹346 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹10.73 (Direct) | ₹9.34 (Direct) |
| Expense ratio (Direct) | 1.53% | 0.44% |
| Expense ratio (Regular) | 2.73% | 0.88% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 20-12-2024 | 18-02-2026 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Nitin Gosar | Nandita Menezes, Arun Agarwal |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | NIL |
Bank of India Consumption 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Consumption Fund (Direct) | −1.38% | −6.21% | +0.94% | −6.37% | -- | -- | -- |
| HDFC Nifty India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Bank of India Consumption vs HDFC Nifty India Consumption Index: Year-wise Returns
| Year | Bank of India ConsumptionBank of India Consumption | HDFC Nifty India Consumption IndexHDFC Nifty India Consumption Index | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −4.96% | -- | −9.10% |
| 2025 | +12.67% | -- | +9.22% |
Bank of India Consumption vs HDFC Nifty India Consumption Index: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Bank of India Consumption 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 | Bank of India Consumption Fund (Direct) | HDFC Nifty India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.77% | −9.25% |
| Standard deviation | 13.54% | 16.56% |
| Sharpe ratio | -0.13 | -0.88 |
| Sortino ratio | -0.18 | -1.15 |
| Maximum drawdown | −15.2% (23-03-2026) | −13.3% (31-03-2026) |
| Beta | 0.83 | 1.00 |
| Alpha | +2.81% | −0.31% |
From daily NAVs, 23-12-2024 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.
Bank of India Consumption Fund (Direct)
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 |
|---|---|---|---|---|---|---|
| Bank of India Consumption Fund (Direct) | −11.0% | 18-02-2026 | 23-03-2026 | 02-07-2026 | 3 months | −8.1% |
| 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.
Bank of India Consumption vs HDFC Nifty India Consumption Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Consumption Fund, September 2026; HDFC Nifty India Consumption Index Fund, September 2026
Holdings in common
- Overlap
- 37.5%
- Held by both
- 11
- Only in Bank of India Consumption
- 27
- Only in HDFC Nifty India Consumption Index
- 18
| Security | % of Bank of India Consumption | % of HDFC Nifty India Consumption Index |
|---|---|---|
| Bharti Airtel Limited | 9.71% | 10.12% |
| ITC Limited | 8.85% | 7.86% |
| Maruti Suzuki India Limited | 5.30% | 4.83% |
| Mahindra & Mahindra Limited | 4.66% | 8.18% |
| Eternal Limited | 2.81% | 7.20% |
| Hindustan Unilever Limited | 1.85% | 5.18% |
| Britannia Industries Limited | 6.48% | 1.77% |
| Dixon Technologies (India) Limited | 3.82% | 1.71% |
| United Spirits Limited | 4.52% | 1.25% |
| Titan Company Limited | 1.00% | 5.89% |
| Avenue Supermarts Limited | 0.07% | 1.92% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.5% means 37.5% 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 Bank of India Consumption Fund
| Security | % of fund |
|---|---|
| Tips Music Limited | 3.07% |
| FSN E-Commerce Ventures Limited | 2.93% |
| Entero Healthcare Solutions Ltd | 2.90% |
| Eris Lifesciences Limited | 2.60% |
| Stylam Industries Limited | 2.43% |
Largest holdings only in HDFC Nifty India Consumption Index Fund
| Security | % of fund |
|---|---|
| Bajaj Auto Limited | 3.68% |
| InterGlobe Aviation Ltd. | 3.50% |
| Asian Paints Limited | 3.37% |
| Eicher Motors Ltd. | 3.06% |
| TVS Motor Company Ltd. | 3.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Equity | 94.3% | 98.7% |
| Debt | 0.1% | 0.0% |
| Cash and others | 5.7% | 1.3% |
Market cap of stocks
| Market cap | Bank of India Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Large Cap | 43.7% | 88.0% |
| Mid Cap | 23.4% | 10.7% |
| Small Cap | 23.5% | 0.0% |
| Not on AMFI's list | 3.6% | 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 | Bank of India Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Automobiles | 10.0% | 24.9% |
| Retailing | 11.0% | 13.3% |
| Diversified FMCG | 10.7% | 13.0% |
| Consumer Durables | 12.1% | 11.0% |
| Telecom - Services | 12.1% | 10.1% |
| Food Products | 6.5% | 4.7% |
| Healthcare Services | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Consumption vs HDFC Nifty India Consumption Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Consumption Fund | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 0.44% |
| Base expense ratio (Direct) | 1.08% | 0.30% |
| Total expense ratio (Regular) | 2.73% | 0.88% |
| Base expense ratio (Regular) | 2.10% | 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.
More comparisons
Each fund against the others of its category
Compare Bank of India Consumption with
Bank of India Consumption Fund vs HDFC Nifty India Consumption Index Fund: Frequently Asked Questions
What is the difference between Bank of India Consumption Fund and HDFC Nifty India Consumption Index Fund?
Bank of India Consumption Fund is a Thematic fund, HDFC Nifty India Consumption Index Fund is an Index fund, run by Bank of India Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 37.5%. Bank of India Consumption Fund charges 1.53% a year and HDFC Nifty India Consumption Index Fund 0.44%.
Which has the lower expense ratio, Bank of India Consumption Fund or HDFC Nifty India Consumption Index Fund?
HDFC Nifty India Consumption Index Fund charges less: 0.44% a year against 1.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Consumption Fund and HDFC Nifty India Consumption Index Fund overlap?
37.5%. They hold 11 of the same securities, the largest shared ones being BHARTIARTL, ITC, MARUTI. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Consumption Fund or HDFC Nifty India Consumption Index Fund?
On SEBI's riskometer, Bank of India Consumption Fund is rated Very High and HDFC Nifty India Consumption Index Fund Very High. Over their common history, the standard deviation of daily returns was 13.54% and 16.56% a year.
Can I invest in both Bank of India Consumption Fund and HDFC Nifty India Consumption Index Fund?
Yes. 37.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Consumption Fund and HDFC Nifty India Consumption Index Fund?
Bank of India Consumption Fund: Nitin Gosar. 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.