Groww Nifty Non-Cyclical Consumer Index Fund vs Tata India Consumer Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund and Tata India Consumer Fund is a Thematic fund. In the year to 30-10-2026, Groww Nifty Non-Cyclical Consumer Index Fund (Direct) returned −13.1% and Tata India Consumer Fund (Direct) returned −3.2%. Groww Nifty Non-Cyclical Consumer Index Fund charges 0.65% a year and Tata India Consumer Fund 0.93% (Direct plans). Their portfolios overlap 36.0%: they hold 10 of the same securities.
Groww Nifty Non-Cyclical Consumer Index Fund
Index
- 1 year return
- −13.1%
- Expense ratio
- 0.65%
- NAV
- ₹9.81
Tata India Consumer Fund
Thematic
- 1 year return
- −3.2%
- Expense ratio
- 0.93%
- NAV
- ₹52.04
Which is better, Groww Nifty Non-Cyclical Consumer Index or Tata India Consumer? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata India Consumer returned more over 1 year: −3.2% against −13.1%.
- Groww Nifty Non-Cyclical Consumer Index costs less: 0.65% a year against 0.93% (Direct plans).
- Tata India Consumer fell less in its worst fall since 24-05-2024: −20.7% against −26.7%.
- Groww Nifty Non-Cyclical Consumer Index holds more in large companies: 76.4% of the fund in large caps against 45.6%.
- Tata India Consumer is the larger fund: ₹2,723 Cr against ₹38 Cr.
- Their portfolios overlap 36.0%: 10 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 | Tata India Consumer Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Tata Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹38 Cr (30-09-2026) | ₹2,723 Cr (30-09-2026) |
| NAV | ₹9.81 (Direct) | ₹52.04 (Direct) |
| Expense ratio (Direct) | 0.65% | 0.93% |
| Expense ratio (Regular) | 1.11% | 2.13% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Non-Cyclical Consumer TRI | Nifty India Consumption TRI |
| Launch date | 22-05-2024 | 28-12-2015 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar | Sonam Udasi, Aditya Bagul |
| 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. | 0.25% of NAV if redeemed /switched out before 30 days from the date of allotment. |
Groww Nifty Non-Cyclical Consumer Index vs Tata India Consumer: 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% | -- | -- | -- |
| Tata India Consumer Fund (Direct) | −2.31% | −6.20% | +2.16% | −3.17% | +13.07% | +12.46% | +16.14% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Groww Nifty Non-Cyclical Consumer Index vs Tata India Consumer: Year-wise Returns
| Year | Groww Nifty Non-Cyclical Consumer IndexGroww Nifty Non-Cyclical Consumer Index | Tata India ConsumerTata India Consumer |
|---|---|---|
| 2026to date | −10.14% | −0.93% |
| 2025 | +0.08% | −0.88% |
| 2024 | -- | +28.28% |
| 2023 | -- | +37.48% |
| 2022 | -- | +2.38% |
| 2021 | -- | +29.19% |
Groww Nifty Non-Cyclical Consumer Index vs Tata India Consumer: 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)
Tata India Consumer Fund (Direct)
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% |
| Tata India Consumer | 18.9 | 43.5 | 31.6 | 5.6 | 0.3 | 0.0 | 0.0 | 3.6% | 3.9% | −7.6% | 16.4% | 91% |
| 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 Tata India Consumer: 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% |
| Tata India ConsumerTata India Consumer Fund (Direct) | ₹3,00,000 | ₹3,10,951 | ₹10,951 | 2.8% |
Groww Nifty Non-Cyclical Consumer IndexGroww Nifty Non-Cyclical Consumer Index Fund (Direct)
Tata India ConsumerTata India Consumer Fund (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.
Groww Nifty Non-Cyclical Consumer Index vs Tata India Consumer: 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) | Tata India Consumer Fund (Direct) |
|---|---|---|
| Return (CAGR) | −13.07% | −3.17% |
| Standard deviation | 14.95% | 14.79% |
| Sharpe ratio | -1.23 | -0.57 |
| Sortino ratio | -1.61 | -0.77 |
| Maximum drawdown | −19.4% (31-03-2026) | −17.2% (31-03-2026) |
| Beta | 1.00 | 0.88 |
| Alpha | −0.46% | +5.44% |
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) | Tata India Consumer Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.78% | +16.39% |
| Standard deviation | 14.23% | 15.19% |
| Sharpe ratio | -0.46 | 0.72 |
| Sortino ratio | -0.65 | 1.00 |
| Maximum drawdown | −26.7% (31-03-2026) | −32.5% (23-03-2020) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.52% | +4.86% |
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)
Tata India Consumer 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) | −26.7% | 23-09-2024 | 31-03-2026 | Not yet | -- | −20.9% |
| Tata India Consumer Fund (Direct) | −20.7% | 23-09-2024 | 28-02-2025 | 03-08-2026 | 17 months | −8.9% |
| 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)
Tata India Consumer Fund (Direct)
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% |
| Tata India Consumer Fund (Direct) | 103% | 74% | 6.69% |
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 Tata India Consumer: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Non-Cyclical Consumer Index Fund, September 2026; Tata India Consumer Fund, September 2026
Holdings in common
- Overlap
- 36.0%
- Held by both
- 10
- Only in Groww Nifty Non-Cyclical Consumer Index
- 20
- Only in Tata India Consumer
- 25
| Security | % of Groww Nifty Non-Cyclical Consumer Index | % of Tata India Consumer |
|---|---|---|
| Eternal Limited | 9.85% | 9.73% |
| Titan Company Limited | 8.23% | 6.91% |
| Nestle India Limited | 4.08% | 5.71% |
| ITC Limited | 10.07% | 3.13% |
| Tata Consumer Products Limited | 2.68% | 3.67% |
| Varun Beverages Limited | 2.56% | 4.15% |
| Dixon Technologies (India) Limited | 2.37% | 1.95% |
| Bharti Airtel Limited | 10.14% | 1.86% |
| United Spirits Limited | 1.74% | 3.49% |
| SWIGGY LIMITED | 1.63% | 1.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.0% means 36.0% 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 |
|---|---|
| Hindustan Unilever Limited | 7.23% |
| InterGlobe Aviation Limited | 4.89% |
| Asian Paints Limited | 4.71% |
| Trent Limited | 3.78% |
| The Indian Hotels Company Limited | 2.78% |
Largest holdings only in Tata India Consumer Fund
| Security | % of fund |
|---|---|
| RADICO KHAITAN LTD | 5.54% |
| CARTRADE TECH LTD | 4.98% |
| ATHER ENERGY LTD | 4.00% |
| LG ELECTRONICS INDIA LTD | 2.98% |
| BAJAJ AUTO LTD | 2.87% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Non-Cyclical Consumer Index | Tata India Consumer |
|---|---|---|
| Equity | 100.1% | 91.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 9.0% |
Market cap of stocks
| Market cap | Groww Nifty Non-Cyclical Consumer Index | Tata India Consumer |
|---|---|---|
| Large Cap | 76.4% | 45.6% |
| Mid Cap | 23.7% | 19.7% |
| Small Cap | 0.0% | 24.6% |
| Not on AMFI's list | 0.0% | 1.1% |
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 | Tata India Consumer |
|---|---|---|
| Retailing | 25.3% | 16.8% |
| Consumer Durables | 17.5% | 18.0% |
| Diversified FMCG | 17.3% | 3.1% |
| Beverages | 4.3% | 13.2% |
| Telecom - Services | 12.5% | 1.9% |
| Automobiles | 0.0% | 10.8% |
| Food Products | 6.5% | 8.2% |
| Capital Markets | 0.0% | 6.0% |
| Transport Services | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Non-Cyclical Consumer Index vs Tata India Consumer: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Non-Cyclical Consumer Index Fund | Tata India Consumer Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | 0.93% |
| Base expense ratio (Direct) | 0.50% | 0.64% |
| Total expense ratio (Regular) | 1.11% | 2.13% |
| Base expense ratio (Regular) | 0.90% | 1.69% |
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
Groww Nifty Non-Cyclical Consumer Index Fund vs Tata India Consumer Fund: Frequently Asked Questions
What is the difference between Groww Nifty Non-Cyclical Consumer Index Fund and Tata India Consumer Fund?
Groww Nifty Non-Cyclical Consumer Index Fund is an Index fund, Tata India Consumer Fund is a Thematic fund, run by Groww Mutual Fund and Tata Mutual Fund. Their portfolios overlap 36.0%. Groww Nifty Non-Cyclical Consumer Index Fund charges 0.65% a year and Tata India Consumer Fund 0.93%.
Which has given higher returns, Groww Nifty Non-Cyclical Consumer Index Fund or Tata India Consumer Fund?
Over 1 year: Groww Nifty Non-Cyclical Consumer Index Fund −13.07%, Tata India Consumer Fund −3.17%. 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 Tata India Consumer Fund?
Groww Nifty Non-Cyclical Consumer Index Fund charges less: 0.65% a year against 0.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty Non-Cyclical Consumer Index Fund and Tata India Consumer Fund overlap?
36.0%. They hold 10 of the same securities, the largest shared ones being ETERNAL, TITAN, NESTLEIND. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Non-Cyclical Consumer Index Fund or Tata India Consumer Fund?
On SEBI's riskometer, Groww Nifty Non-Cyclical Consumer Index Fund is rated Very High and Tata India Consumer Fund Very High. Over 1 years, the standard deviation of daily returns was 14.95% and 14.79% a year.
Can I invest in both Groww Nifty Non-Cyclical Consumer Index Fund and Tata India Consumer Fund?
Yes. 36.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty Non-Cyclical Consumer Index Fund and Tata India Consumer Fund?
Groww Nifty Non-Cyclical Consumer Index Fund: Nikhil Satam, Aakash Chauhan, Shashi Kumar. Tata India Consumer Fund: Sonam Udasi, Aditya Bagul.
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.