Groww Nifty Non-Cyclical Consumer Index Fund vs HDFC Nifty India Consumption Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund and HDFC Nifty India Consumption Index Fund is an Index fund. Groww Nifty Non-Cyclical Consumer Index Fund charges 0.65% a year and HDFC Nifty India Consumption Index Fund 0.44% (Direct plans). Their portfolios overlap 63.7%: they hold 18 of the same securities.
Groww Nifty Non-Cyclical Consumer Index Fund
Index
- Expense ratio
- 0.65%
- NAV
- ₹9.81
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Which is better, Groww Nifty Non-Cyclical Consumer Index 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 0.65% (Direct plans).
- HDFC Nifty India Consumption Index fell less in its worst fall since 18-02-2026: −13.3% against −13.9%.
- HDFC Nifty India Consumption Index holds more in large companies: 88.0% of the fund in large caps against 76.4%.
- HDFC Nifty India Consumption Index is the larger fund: ₹105 Cr against ₹38 Cr.
- Their portfolios overlap 63.7%: 18 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 | Groww Nifty Non-Cyclical Consumer Index Fund | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | HDFC Mutual Fund |
| Category | Index | Index |
| AUM | ₹38 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹9.81 (Direct) | ₹9.34 (Direct) |
| Expense ratio (Direct) | 0.65% | 0.44% |
| Expense ratio (Regular) | 1.11% | 0.88% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Non-Cyclical Consumer TRI | Nifty India Consumption TRI |
| Launch date | 22-05-2024 | 18-02-2026 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Nandita Menezes, Arun Agarwal |
| Exit load | • 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. No Entry / Exit Load shall be levied on Units allotted on Re-investment of Income Distribution cum Capital Withdrawal. In respect of Systematic Transactions such as SIP, STP, etc. Exit Load, if any, prevailing on the date of registration / enrolment shall be levied. | NIL |
Groww Nifty Non-Cyclical Consumer Index 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty Non-Cyclical Consumer Index Fund (Direct) | −0.01% | −8.27% | −3.09% | −13.07% | -- | -- | -- |
| HDFC Nifty India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
Groww Nifty Non-Cyclical Consumer Index vs HDFC Nifty India Consumption Index: Year-wise Returns
| Year | Groww Nifty Non-Cyclical ConsumerGroww Nifty Non-Cyclical Consumer Index | HDFC Nifty India ConsumptionHDFC Nifty India Consumption Index |
|---|---|---|
| 2026to date | −10.14% | -- |
| 2025 | +0.08% | -- |
Groww Nifty Non-Cyclical Consumer Index vs HDFC Nifty India Consumption Index: Rolling Returns
Every holding period of both funds, against Nifty Non-Cyclical Consumer TRI, the benchmark of Groww Nifty Non-Cyclical Consumer Index Fund
Groww Nifty Non-Cyclical Consumer Index 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 | Groww Nifty Non-Cyclical Consumer Index Fund (Direct) | HDFC Nifty India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.78% | −9.25% |
| Standard deviation | 14.23% | 16.56% |
| Sharpe ratio | -0.46 | -0.88 |
| Sortino ratio | -0.65 | -1.15 |
| Maximum drawdown | −26.7% (31-03-2026) | −13.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.52% | −0.31% |
From daily NAVs, 24-05-2024 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.
Groww Nifty Non-Cyclical Consumer Index Fund (Direct)
HDFC Nifty India Consumption Index Fund (Direct)
Nifty Non-Cyclical Consumer TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Nifty Non-Cyclical Consumer Index Fund (Direct) | −13.9% | 18-02-2026 | 31-03-2026 | 07-07-2026 | 3 months | −9.3% |
| HDFC Nifty India Consumption Index Fund (Direct) | −13.3% | 18-02-2026 | 31-03-2026 | 27-07-2026 | 4 months | −9.5% |
| Nifty Non-Cyclical Consumer TRI | −13.8% | 18-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −9.2% |
From daily values since 18-02-2026, the first day every fund has.
Groww Nifty Non-Cyclical Consumer Index vs HDFC Nifty India Consumption Index: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Non-Cyclical Consumer Index Fund, September 2026; HDFC Nifty India Consumption Index Fund, September 2026
Holdings in common
- Overlap
- 63.7%
- Held by both
- 18
- Only in Groww Nifty Non-Cyclical Consumer Index
- 12
- Only in HDFC Nifty India Consumption Index
- 11
| Security | % of Groww Nifty Non-Cyclical Consumer Index | % of HDFC Nifty India Consumption Index |
|---|---|---|
| Bharti Airtel Limited | 10.14% | 10.12% |
| ITC Limited | 10.07% | 7.86% |
| Eternal Limited | 9.85% | 7.20% |
| Titan Company Limited | 8.23% | 5.89% |
| Hindustan Unilever Limited | 7.23% | 5.18% |
| InterGlobe Aviation Limited | 4.89% | 3.50% |
| Asian Paints Limited | 4.71% | 3.37% |
| Nestle India Limited | 4.08% | 2.92% |
| Trent Limited | 3.78% | 2.71% |
| The Indian Hotels Company Limited | 2.78% | 1.99% |
| Tata Consumer Products Limited | 2.68% | 1.92% |
| Avenue Supermarts Limited | 2.66% | 1.92% |
| Varun Beverages Limited | 2.56% | 1.83% |
| Britannia Industries Limited | 2.47% | 1.77% |
| Dixon Technologies (India) Limited | 2.37% | 1.71% |
| Info Edge (India) Limited | 2.05% | 1.47% |
| United Spirits Limited | 1.74% | 1.25% |
| Godrej Consumer Products Limited | 1.48% | 1.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 63.7% means 63.7% 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 Groww Nifty Non-Cyclical Consumer Index Fund
| Security | % of fund |
|---|---|
| Lenskart Solutions Limited | 2.18% |
| FSN E-Commerce Ventures Limited | 1.90% |
| Marico Limited | 1.81% |
| SWIGGY LIMITED | 1.63% |
| Vodafone Idea Limited | 1.55% |
Largest holdings only in HDFC Nifty India Consumption Index Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd. | 8.18% |
| Maruti Suzuki India Limited | 4.83% |
| Bajaj Auto Limited | 3.68% |
| 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 | Groww Nifty Non-Cyclical Consumer Index | HDFC Nifty India Consumption Index |
|---|---|---|
| Equity | 100.1% | 98.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 1.3% |
Market cap of stocks
| Market cap | Groww Nifty Non-Cyclical Consumer Index | HDFC Nifty India Consumption Index |
|---|---|---|
| Large Cap | 76.4% | 88.0% |
| Mid Cap | 23.7% | 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 | Groww Nifty Non-Cyclical Consumer Index | HDFC Nifty India Consumption Index |
|---|---|---|
| Retailing | 25.3% | 13.3% |
| Automobiles | 0.0% | 24.9% |
| Consumer Durables | 17.5% | 11.0% |
| Diversified FMCG | 17.3% | 13.0% |
| Telecom - Services | 12.5% | 10.1% |
| Food Products | 6.5% | 4.7% |
| Transport Services | 4.9% | 3.5% |
| Healthcare Services | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Non-Cyclical Consumer Index vs HDFC Nifty India Consumption Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Non-Cyclical Consumer Index Fund | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | 0.44% |
| Base expense ratio (Direct) | 0.50% | 0.30% |
| Total expense ratio (Regular) | 1.11% | 0.88% |
| Base expense ratio (Regular) | 0.90% | 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.
Groww Nifty Non-Cyclical Consumer Index Fund vs HDFC Nifty India Consumption Index Fund: Frequently Asked Questions
What is the difference between Groww Nifty Non-Cyclical Consumer Index Fund and HDFC Nifty India Consumption Index Fund?
Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund, HDFC Nifty India Consumption Index Fund is an Index fund, run by Groww Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 63.7%. Groww Nifty Non-Cyclical Consumer Index Fund charges 0.65% a year and HDFC Nifty India Consumption Index Fund 0.44%.
Which has the lower expense ratio, Groww Nifty Non-Cyclical Consumer Index Fund or HDFC Nifty India Consumption Index Fund?
HDFC Nifty India Consumption Index Fund charges less: 0.44% a year against 0.65%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty Non-Cyclical Consumer Index Fund and HDFC Nifty India Consumption Index Fund overlap?
63.7%. They hold 18 of the same securities, the largest shared ones being BHARTIARTL, ITC, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Non-Cyclical Consumer Index Fund or HDFC Nifty India Consumption Index Fund?
On SEBI's riskometer, Groww Nifty Non-Cyclical Consumer Index 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 14.23% and 16.56% a year.
Can I invest in both Groww Nifty Non-Cyclical Consumer Index Fund and HDFC Nifty India Consumption Index Fund?
Yes. 63.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Nifty Non-Cyclical Consumer Index Fund and HDFC Nifty India Consumption Index Fund?
Groww Nifty Non-Cyclical Consumer Index Fund: Nikhil Satam, Aakash Chauhan, Shashi Kumar. 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.