Baroda BNP Paribas India Consumption Fund vs Nippon India ETF Nifty India Consumption
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas India Consumption Fund is a Thematic fund and Nippon India ETF Nifty India Consumption is a mutual fund. In the 3 years to 30-10-2026, Baroda BNP Paribas India Consumption Fund (Direct) returned 9.5% a year and Nippon India ETF Nifty India Consumption (Direct) returned 10.6% a year. Baroda BNP Paribas India Consumption Fund charges 0.96% a year and Nippon India ETF Nifty India Consumption 0.33% (Direct plans). Their portfolios overlap 62.6%: they hold 19 of the same securities.
Baroda BNP Paribas India Consumption Fund
Thematic
- 3 year return
- 9.5%
- Expense ratio
- 0.96%
- NAV
- ₹32.87
Nippon India ETF Nifty India Consumption
- 3 year return
- 10.6%
- Expense ratio
- 0.33%
- NAV
- ₹123.68
Which is better, Baroda BNP Paribas India Consumption or Nippon India ETF Nifty India Consumption? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India ETF Nifty India Consumption returned more over 3 years: 10.6% a year against 9.5%.
- Baroda BNP Paribas India Consumption returned more over 1 year: −8.9% against −10.9%.
- Nippon India ETF Nifty India Consumption costs less: 0.33% a year against 0.96% (Direct plans).
- Baroda BNP Paribas India Consumption swung less over 3 years: a standard deviation of 13.1% a year against 13.9%.
- Baroda BNP Paribas India Consumption fell less in its worst fall since 14-03-2022: −21.4% against −21.9%.
- Nippon India ETF Nifty India Consumption holds more in large companies: 88.0% of the fund in large caps against 72.4%.
- Baroda BNP Paribas India Consumption is the larger fund: ₹1,354 Cr against ₹186 Cr.
- Their portfolios overlap 62.6%: 19 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 | Baroda BNP Paribas India Consumption Fund | Nippon India ETF Nifty India Consumption |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹1,354 Cr (30-09-2026) | ₹186 Cr (30-09-2026) |
| NAV | ₹32.87 (Direct) | ₹123.68 (Direct) |
| Expense ratio (Direct) | 0.96% | 0.33% |
| Expense ratio (Regular) | 2.37% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Baroda BNP Paribas India Consumption vs Nippon India ETF Nifty India 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas India Consumption Fund (Direct) | +0.43% | −5.55% | −0.70% | −8.93% | +9.52% | -- | -- |
| Nippon India ETF Nifty India Consumption (Direct) | +0.14% | −8.17% | −2.41% | −10.87% | +10.62% | +10.19% | +12.04% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Baroda BNP Paribas India Consumption vs Nippon India ETF Nifty India Consumption: Year-wise Returns
| Year | Baroda BNP ParibasBaroda BNP Paribas India Consumption | Nippon India ETF NiftyNippon India ETF Nifty India Consumption |
|---|---|---|
| 2026to date | −8.33% | −9.34% |
| 2025 | +2.28% | +8.86% |
| 2024 | +24.29% | +19.28% |
| 2023 | +30.87% | +27.43% |
| 2022 | -- | +8.16% |
| 2021 | -- | +20.20% |
Baroda BNP Paribas India Consumption vs Nippon India ETF Nifty India Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of Baroda BNP Paribas India Consumption Fund
Rolling returns
Every 3-year holding period, 400 of them, one for each trading day from 17-03-2025 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.
Baroda BNP Paribas India Consumption Fund (Direct)
Nippon India ETF Nifty India Consumption (Direct)
Nifty India Consumption TRI
to
May 2025Aug 2022
to
Aug 2025Nov 2022
to
Nov 2025Mar 2023
to
Mar 2026Jun 2023
to
Jun 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas India Consumption | 0.0 | 0.0 | 7.0 | 28.2 | 53.0 | 11.8 | 0.0 | 15.9% | 17.2% | 7.4% | 22.8% | 33% |
| Nippon India ETF Nifty India Consumption | 0.0 | 0.0 | 3.7 | 28.9 | 59.9 | 7.5 | 0.0 | 16.0% | 16.5% | 8.7% | 22.4% | 0% |
| Nifty India Consumption TRI | 0.0 | 0.0 | 3.0 | 27.8 | 59.3 | 10.0 | 0.0 | 16.4% | 16.9% | 9.1% | 22.9% | -- |
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 14-03-2022. Past returns do not promise future returns.
Baroda BNP Paribas India Consumption vs Nippon India ETF Nifty India 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 14-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas India ConsumptionBaroda BNP Paribas India Consumption Fund (Direct) | ₹5,60,000 | ₹6,63,576 | ₹1,03,576 | 7.2% |
| Nippon India ETF Nifty India ConsumptionNippon India ETF Nifty India Consumption (Direct) | ₹5,60,000 | ₹6,64,426 | ₹1,04,426 | 7.3% |
Baroda BNP Paribas India ConsumptionBaroda BNP Paribas India Consumption Fund (Direct)
Nippon India ETF Nifty India ConsumptionNippon India ETF Nifty India Consumption (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.
Baroda BNP Paribas India Consumption vs Nippon India ETF Nifty India Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas India Consumption Fund (Direct) | Nippon India ETF Nifty India Consumption (Direct) |
|---|---|---|
| Return (CAGR) | −8.93% | −10.87% |
| Standard deviation | 13.81% | 15.09% |
| Sharpe ratio | -1.03 | -1.07 |
| Sortino ratio | -1.34 | -1.39 |
| Maximum drawdown | −16.0% (23-03-2026) | −17.3% (31-03-2026) |
| Beta | 0.90 | -- |
| Alpha | −0.01% | -- |
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 | Baroda BNP Paribas India Consumption Fund (Direct) | Nippon India ETF Nifty India Consumption (Direct) |
|---|---|---|
| Return (CAGR) | +9.52% | +10.62% |
| Standard deviation | 13.05% | 13.90% |
| Sharpe ratio | 0.27 | 0.33 |
| Sortino ratio | 0.38 | 0.47 |
| Maximum drawdown | −21.4% (23-03-2026) | −21.9% (04-03-2025) |
| Beta | 0.91 | -- |
| Alpha | −1.02% | -- |
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 | Baroda BNP Paribas India Consumption Fund (Direct) | Nippon India ETF Nifty India Consumption (Direct) |
|---|---|---|
| Return (CAGR) | +12.27% | +12.96% |
| Standard deviation | 12.34% | 15.01% |
| Sharpe ratio | 0.51 | 0.48 |
| Sortino ratio | 0.72 | 0.67 |
| Maximum drawdown | −21.4% (23-03-2026) | −31.3% (23-03-2020) |
| Beta | 0.88 | -- |
| Alpha | +0.25% | -- |
From daily NAVs, 14-03-2022 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.
Baroda BNP Paribas India Consumption Fund (Direct)
Nippon India ETF Nifty India Consumption (Direct)
Nifty India Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas India Consumption Fund (Direct) | −21.4% | 23-09-2024 | 23-03-2026 | Not yet | -- | −14.9% |
| Nippon India ETF Nifty India Consumption (Direct) | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −14.0% |
| Nifty India Consumption TRI | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.4% |
From daily values since 14-03-2022, 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.
Baroda BNP Paribas India Consumption Fund (Direct)
Nippon India ETF Nifty India Consumption (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.
Baroda BNP Paribas India Consumption Fund (Direct)
Nippon India ETF Nifty India Consumption (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas India Consumption Fund (Direct) | 89% | 86% | 4.08% |
| Nippon India ETF Nifty India Consumption (Direct) | 99% | 101% | 0.05% |
From month-end values since 14-03-2022. 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.
Baroda BNP Paribas India Consumption vs Nippon India ETF Nifty India Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas India Consumption Fund, September 2026; Nippon India ETF Nifty India Consumption, September 2026
Holdings in common
- Overlap
- 62.6%
- Held by both
- 19
- Only in Baroda BNP Paribas India Consumption
- 19
- Only in Nippon India ETF Nifty India Consumption
- 11
| Security | % of Baroda BNP Paribas India Consumption | % of Nippon India ETF Nifty India Consumption |
|---|---|---|
| Bharti Airtel Limited | 7.14% | 10.13% |
| Mahindra & Mahindra Limited | 6.54% | 8.19% |
| Titan Company Limited | 7.79% | 5.89% |
| Eternal Limited | 5.67% | 7.20% |
| Maruti Suzuki India Limited | 5.86% | 4.83% |
| Eicher Motors Limited | 5.28% | 3.06% |
| TVS Motor Company Limited | 5.00% | 3.00% |
| Nestle India Limited | 3.07% | 2.92% |
| Bajaj Auto Limited | 2.81% | 3.68% |
| ITC Limited | 2.76% | 7.87% |
| InterGlobe Aviation Limited | 2.76% | 3.50% |
| Trent Limited | 2.84% | 2.71% |
| Apollo Hospitals Enterprise Limited | 2.41% | 2.61% |
| Hindustan Unilever Limited | 2.41% | 5.18% |
| Asian Paints Limited | 2.31% | 3.37% |
| Tata Consumer Products Limited | 2.10% | 1.92% |
| Britannia Industries Limited | 1.78% | 1.77% |
| Varun Beverages Limited | 0.96% | 1.83% |
| Dixon Technologies (India) Limited | 0.73% | 1.69% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.6% means 62.6% 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 Baroda BNP Paribas India Consumption Fund
| Security | % of fund |
|---|---|
| The Phoenix Mills Limited | 3.43% |
| Marico Limited | 2.81% |
| Lenskart Solutions Limited | 2.78% |
| Radico Khaitan Limited | 2.74% |
| FSN E-Commerce Ventures Limited | 2.36% |
Largest holdings only in Nippon India ETF Nifty India Consumption
| Security | % of fund |
|---|---|
| Torrent Pharmaceuticals Limited | 2.19% |
| Max Healthcare Institute Limited | 2.15% |
| Hero MotoCorp Limited | 2.11% |
| The Indian Hotels Company Limited | 1.99% |
| Avenue Supermarts Limited | 1.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas India Consumption | Nippon India ETF Nifty India Consumption |
|---|---|---|
| Equity | 97.2% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.8% | 0.1% |
Market cap of stocks
| Market cap | Baroda BNP Paribas India Consumption | Nippon India ETF Nifty India Consumption |
|---|---|---|
| Large Cap | 72.4% | 88.0% |
| Mid Cap | 17.9% | 11.9% |
| Small Cap | 5.8% | 0.0% |
| Not on AMFI's list | 1.2% | 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 | Baroda BNP Paribas India Consumption | Nippon India ETF Nifty India Consumption |
|---|---|---|
| Automobiles | 26.3% | 24.9% |
| Retailing | 14.7% | 13.3% |
| Diversified FMCG | 5.2% | 13.1% |
| Consumer Durables | 12.5% | 10.9% |
| Telecom - Services | 8.3% | 10.1% |
| Healthcare Services | 3.5% | 6.0% |
| Food Products | 6.0% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas India Consumption vs Nippon India ETF Nifty India Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas India Consumption Fund | Nippon India ETF Nifty India Consumption |
|---|---|---|
| Total expense ratio (Direct) | 0.96% | 0.33% |
| Base expense ratio (Direct) | 0.61% | 0.26% |
| Total expense ratio (Regular) | 2.37% | Not available |
| Base expense ratio (Regular) | 1.82% | 0.00% |
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
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Baroda BNP Paribas India Consumption Fund vs Nippon India ETF Nifty India Consumption: Frequently Asked Questions
What is the difference between Baroda BNP Paribas India Consumption Fund and Nippon India ETF Nifty India Consumption?
Baroda BNP Paribas India Consumption Fund is a Thematic fund, Nippon India ETF Nifty India Consumption is a mutual fund, run by Baroda BNP Paribas Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 62.6%. Baroda BNP Paribas India Consumption Fund charges 0.96% a year and Nippon India ETF Nifty India Consumption 0.33%.
Which has given higher returns, Baroda BNP Paribas India Consumption Fund or Nippon India ETF Nifty India Consumption?
Over 1 year: Baroda BNP Paribas India Consumption Fund −8.93%, Nippon India ETF Nifty India Consumption −10.87%. Over 3 years: Baroda BNP Paribas India Consumption Fund +9.52% a year, Nippon India ETF Nifty India Consumption +10.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas India Consumption Fund or Nippon India ETF Nifty India Consumption?
Nippon India ETF Nifty India Consumption charges less: 0.33% a year against 0.96%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas India Consumption Fund and Nippon India ETF Nifty India Consumption overlap?
62.6%. They hold 19 of the same securities, the largest shared ones being BHARTIARTL, M&M, TITAN. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas India Consumption Fund or Nippon India ETF Nifty India Consumption?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,74,320 in Baroda BNP Paribas India Consumption Fund (XIRR 0.7% a year) and ₹3,77,177 in Nippon India ETF Nifty India Consumption (XIRR 1.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas India Consumption Fund and Nippon India ETF Nifty India Consumption?
Yes. 62.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.