Groww Nifty Non-Cyclical Consumer Index Fund vs SBI Nifty Consumption ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund and SBI Nifty Consumption ETF is a mutual fund. In the year to 30-10-2026, Groww Nifty Non-Cyclical Consumer Index Fund (Direct) returned −13.1% and SBI Nifty Consumption ETF (Regular) returned −10.8%. Groww Nifty Non-Cyclical Consumer Index Fund charges 0.65% a year and SBI Nifty Consumption ETF 0.32%. Their portfolios overlap 63.7%: they hold 18 of the same securities.
Groww Nifty Non-Cyclical Consumer Index Fund
Index
- 1 year return
- −13.1%
- Expense ratio
- 0.65%
- NAV
- ₹9.81
SBI Nifty Consumption ETF
- 1 year return
- −10.8%
- Expense ratio
- 0.32%
- NAV
- ₹114.62
Which is better, Groww Nifty Non-Cyclical Consumer Index or SBI Nifty Consumption ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty Consumption ETF returned more over 1 year: −10.8% against −13.1%.
- SBI Nifty Consumption ETF costs less: 0.32% a year against 0.65%.
- SBI Nifty Consumption ETF fell less in its worst fall since 24-05-2024: −22.0% against −26.7%.
- SBI Nifty Consumption ETF holds more in large companies: 88.1% of the fund in large caps against 76.4%.
- Groww Nifty Non-Cyclical Consumer Index is the larger fund: ₹38 Cr against ₹20 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 | SBI Nifty Consumption ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹38 Cr (30-09-2026) | ₹20 Cr (30-09-2026) |
| NAV | ₹9.81 (Direct) | ₹114.62 (Regular) |
| Expense ratio (Direct) | 0.65% | Not available |
| Expense ratio (Regular) | 1.11% | 0.32% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Non-Cyclical Consumer TRI | Not available |
| Launch date | 22-05-2024 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Not available |
| 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. | Not available |
Groww Nifty Non-Cyclical Consumer Index vs SBI Nifty Consumption ETF: 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% | -- | -- | -- |
| SBI Nifty Consumption ETF (Regular) | +0.14% | −8.17% | −2.39% | −10.83% | +10.68% | +10.21% | -- |
Groww Nifty Non-Cyclical Consumer Index vs SBI Nifty Consumption ETF: Year-wise Returns
| Year | Groww Nifty Non-Cyclical Consumer IndexGroww Nifty Non-Cyclical Consumer Index | SBI Nifty Consumption ETFSBI Nifty Consumption ETF |
|---|---|---|
| 2026to date | −10.14% | −9.31% |
| 2025 | +0.08% | +8.89% |
| 2024 | -- | +19.36% |
| 2023 | -- | +27.51% |
| 2022 | -- | +8.09% |
Groww Nifty Non-Cyclical Consumer Index vs SBI Nifty Consumption ETF: Rolling Returns
Every holding period of both funds, against Nifty Non-Cyclical Consumer TRI, the benchmark of Groww Nifty Non-Cyclical Consumer Index Fund
Rolling returns
Every 1-year holding period, 354 of them, one for each trading day from 26-05-2025 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.
Groww Nifty Non-Cyclical Consumer Index Fund (Direct)
SBI Nifty Consumption ETF (Regular)
Nifty Non-Cyclical Consumer TRI
to
Jul 2025Oct 2024
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Nifty Non-Cyclical Consumer Index | 68.9 | 22.9 | 7.9 | 0.3 | 0.0 | 0.0 | 0.0 | −2.9% | −2.9% | −16.3% | 10.1% | 1% |
| SBI Nifty Consumption ETF | 32.4 | 32.7 | 26.3 | 8.6 | 0.0 | 0.0 | 0.0 | 2.4% | 2.6% | −14.5% | 14.2% | 94% |
| Nifty Non-Cyclical Consumer TRI | 67.2 | 22.3 | 9.9 | 0.6 | 0.0 | 0.0 | 0.0 | −2.4% | −2.4% | −15.9% | 10.7% | -- |
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 Non-Cyclical Consumer 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 24-05-2024. Past returns do not promise future returns.
Groww Nifty Non-Cyclical Consumer Index vs SBI Nifty Consumption ETF: 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 24-05-2024 to 30-10-2026: 30 instalments, ₹3,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Nifty Non-Cyclical Consumer IndexGroww Nifty Non-Cyclical Consumer Index Fund (Direct) | ₹3,00,000 | ₹2,78,570 | −₹21,430 | −5.7% |
| SBI Nifty Consumption ETFSBI Nifty Consumption ETF (Regular) | ₹3,00,000 | ₹2,91,844 | −₹8,156 | −2.1% |
Groww Nifty Non-Cyclical Consumer IndexGroww Nifty Non-Cyclical Consumer Index Fund (Direct)
SBI Nifty Consumption ETFSBI Nifty Consumption ETF (Regular)
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.
Groww Nifty Non-Cyclical Consumer Index vs SBI Nifty Consumption ETF: 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) | SBI Nifty Consumption ETF (Regular) |
|---|---|---|
| Return (CAGR) | −13.07% | −10.83% |
| Standard deviation | 14.95% | 15.10% |
| Sharpe ratio | -1.23 | -1.06 |
| Sortino ratio | -1.61 | -1.39 |
| Maximum drawdown | −19.4% (31-03-2026) | −17.3% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.46% | −0.26% |
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 | Groww Nifty Non-Cyclical Consumer Index Fund (Direct) | SBI Nifty Consumption ETF (Regular) |
|---|---|---|
| Return (CAGR) | −0.78% | +11.70% |
| Standard deviation | 14.23% | 13.88% |
| Sharpe ratio | -0.46 | 0.43 |
| Sortino ratio | -0.65 | 0.61 |
| Maximum drawdown | −26.7% (31-03-2026) | −22.0% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.52% | −0.37% |
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)
SBI Nifty Consumption ETF (Regular)
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) | −26.7% | 23-09-2024 | 31-03-2026 | Not yet | -- | −20.9% |
| SBI Nifty Consumption ETF (Regular) | −22.0% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.9% |
| Nifty Non-Cyclical Consumer TRI | −26.2% | 23-09-2024 | 30-03-2026 | Not yet | -- | −20.1% |
From daily values since 24-05-2024, 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.
Groww Nifty Non-Cyclical Consumer Index Fund (Direct)
SBI Nifty Consumption ETF (Regular)
Nifty Non-Cyclical Consumer TRI
Against Nifty Non-Cyclical Consumer TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Nifty Non-Cyclical Consumer Index Fund (Direct) | 99% | 101% | 0.06% |
| SBI Nifty Consumption ETF (Regular) | 99% | 89% | 3.44% |
From month-end values since 24-05-2024. 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.
Groww Nifty Non-Cyclical Consumer Index vs SBI Nifty Consumption ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Non-Cyclical Consumer Index Fund, September 2026; SBI Nifty Consumption ETF, September 2026
Holdings in common
- Overlap
- 63.7%
- Held by both
- 18
- Only in Groww Nifty Non-Cyclical Consumer Index
- 12
- Only in SBI Nifty Consumption ETF
- 12
| Security | % of Groww Nifty Non-Cyclical Consumer Index | % of SBI Nifty Consumption ETF |
|---|---|---|
| Bharti Airtel Limited | 10.14% | 10.14% |
| ITC Limited | 10.07% | 7.87% |
| Eternal Limited | 9.85% | 7.21% |
| Titan Company Limited | 8.23% | 5.89% |
| Hindustan Unilever Limited | 7.23% | 5.18% |
| InterGlobe Aviation Limited | 4.89% | 3.51% |
| 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% | 1.91% |
| Varun Beverages Limited | 2.56% | 1.84% |
| Britannia Industries Limited | 2.47% | 1.77% |
| Dixon Technologies (India) Limited | 2.37% | 1.69% |
| Info Edge (India) Limited | 2.05% | 1.47% |
| United Spirits Limited | 1.74% | 1.24% |
| 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 SBI Nifty Consumption ETF
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd. | 8.19% |
| Maruti Suzuki India Ltd. | 4.83% |
| Bajaj Auto Ltd. | 3.69% |
| Eicher Motors Ltd. | 3.06% |
| TVS Motor Company Ltd. | 3.00% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Non-Cyclical Consumer Index | SBI Nifty Consumption ETF |
|---|---|---|
| Equity | 100.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.0% |
Market cap of stocks
| Market cap | Groww Nifty Non-Cyclical Consumer Index | SBI Nifty Consumption ETF |
|---|---|---|
| Large Cap | 76.4% | 88.1% |
| Mid Cap | 23.7% | 11.9% |
| 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 | SBI Nifty Consumption ETF |
|---|---|---|
| Retailing | 25.3% | 13.3% |
| Automobiles | 0.0% | 24.9% |
| Consumer Durables | 17.5% | 10.9% |
| Diversified FMCG | 17.3% | 13.1% |
| Telecom - Services | 12.5% | 10.1% |
| Food Products | 6.5% | 4.7% |
| Healthcare Services | 0.0% | 6.0% |
| Transport Services | 4.9% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Non-Cyclical Consumer Index vs SBI Nifty Consumption ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Non-Cyclical Consumer Index Fund | SBI Nifty Consumption ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | Not available |
| Base expense ratio (Direct) | 0.50% | 0.00% |
| Total expense ratio (Regular) | 1.11% | 0.32% |
| Base expense ratio (Regular) | 0.90% | 0.25% |
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 SBI Nifty Consumption ETF: Frequently Asked Questions
What is the difference between Groww Nifty Non-Cyclical Consumer Index Fund and SBI Nifty Consumption ETF?
Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund, SBI Nifty Consumption ETF is a mutual fund, run by Groww Mutual Fund and SBI Mutual Fund. Their portfolios overlap 63.7%. Groww Nifty Non-Cyclical Consumer Index Fund charges 0.65% a year and SBI Nifty Consumption ETF 0.32%.
Which has given higher returns, Groww Nifty Non-Cyclical Consumer Index Fund or SBI Nifty Consumption ETF?
Over 1 year: Groww Nifty Non-Cyclical Consumer Index Fund −13.07%, SBI Nifty Consumption ETF −10.83%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Nifty Non-Cyclical Consumer Index Fund or SBI Nifty Consumption ETF?
SBI Nifty Consumption ETF charges less: 0.32% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do Groww Nifty Non-Cyclical Consumer Index Fund and SBI Nifty Consumption ETF 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.
Can I invest in both Groww Nifty Non-Cyclical Consumer Index Fund and SBI Nifty Consumption ETF?
Yes. 63.7% 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.