HDFC Consumption Fund vs HDFC Nifty India Consumption Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Consumption Fund is a Thematic fund and HDFC Nifty India Consumption Index Fund is an Index fund. HDFC Consumption Fund charges 1.40% a year and HDFC Nifty India Consumption Index Fund 0.44% (Direct plans). Their portfolios overlap 62.7%: they hold 22 of the same securities.
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Which is better, HDFC 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 1.40% (Direct plans).
- HDFC Nifty India Consumption Index fell less in its worst fall since 18-02-2026: −13.3% against −13.4%.
- HDFC Nifty India Consumption Index holds more in large companies: 88.0% of the fund in large caps against 69.6%.
- HDFC Consumption is the larger fund: ₹954 Cr against ₹105 Cr.
- Their portfolios overlap 62.7%: 22 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 | HDFC Consumption Fund | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹954 Cr (30-09-2026) | ₹105 Cr (30-09-2026) |
| NAV | ₹13.47 (Direct) | ₹9.34 (Direct) |
| Expense ratio (Direct) | 1.40% | 0.44% |
| Expense ratio (Regular) | 2.42% | 0.88% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 12-07-2023 | 18-02-2026 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Amit Sinha, Gopal Agrawal, Bhagyesh Kagalkar | 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. | NIL |
HDFC 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 |
|---|---|---|---|---|---|---|---|
| HDFC Consumption Fund (Direct) | −1.26% | −6.76% | −1.33% | −11.03% | +9.22% | -- | -- |
| HDFC Nifty India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Consumption vs HDFC Nifty India Consumption Index: Year-wise Returns
| Year | ConsumptionHDFC Consumption | Nifty India Consumption IndexHDFC Nifty India Consumption Index | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −7.73% | -- | −9.10% |
| 2025 | +0.51% | -- | +9.22% |
| 2024 | +24.15% | -- | +19.77% |
HDFC Consumption vs HDFC Nifty India Consumption Index: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
HDFC 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 | HDFC Consumption Fund (Direct) | HDFC Nifty India Consumption Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.43% | −9.25% |
| Standard deviation | 13.13% | 16.56% |
| Sharpe ratio | 0.25 | -0.88 |
| Sortino ratio | 0.35 | -1.15 |
| Maximum drawdown | −23.5% (31-03-2026) | −13.3% (31-03-2026) |
| Beta | 0.88 | 1.00 |
| Alpha | +0.22% | −0.31% |
From daily NAVs, 12-07-2023 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.
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.
HDFC 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 |
|---|---|---|---|---|---|---|
| HDFC Consumption Fund (Direct) | −13.4% | 18-02-2026 | 31-03-2026 | 03-07-2026 | 3 months | −8.7% |
| 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.
HDFC Consumption vs HDFC Nifty India Consumption Index: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Consumption Fund, September 2026; HDFC Nifty India Consumption Index Fund, September 2026
Holdings in common
- Overlap
- 62.7%
- Held by both
- 22
- Only in HDFC Consumption
- 28
- Only in HDFC Nifty India Consumption Index
- 7
| Security | % of HDFC Consumption | % of HDFC Nifty India Consumption Index |
|---|---|---|
| Mahindra & Mahindra Ltd. | 8.26% | 8.18% |
| Eternal Limited | 9.56% | 7.20% |
| Bharti Airtel Ltd. | 5.21% | 10.12% |
| Hindustan Unilever Ltd. | 7.39% | 5.18% |
| Bajaj Auto Limited | 3.64% | 3.68% |
| Maruti Suzuki India Limited | 3.62% | 4.83% |
| Titan Company Ltd. | 3.22% | 5.89% |
| Asian Paints Limited | 3.05% | 3.37% |
| TVS Motor Company Ltd. | 3.10% | 3.02% |
| Eicher Motors Ltd. | 2.85% | 3.06% |
| Apollo Hospitals Enterprise Ltd. | 2.05% | 2.61% |
| Trent Ltd. | 2.04% | 2.71% |
| Varun Beverages Ltd | 2.06% | 1.83% |
| Nestle India Ltd. | 1.78% | 2.92% |
| Britannia Industries Ltd. | 2.63% | 1.77% |
| INFO EDGE (INDIA) LIMITED | 1.55% | 1.47% |
| InterGlobe Aviation Ltd. | 1.39% | 3.50% |
| United Spirits Limited | 2.65% | 1.25% |
| Max Healthcare Institute Limited | 1.08% | 2.15% |
| Godrej Consumer Products Ltd. | 3.70% | 1.06% |
| Tata Consumer Products Limited | 0.95% | 1.92% |
| The Tata Power Company Ltd. | 0.85% | 1.87% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.7% means 62.7% 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 HDFC Consumption Fund
| Security | % of fund |
|---|---|
| Vishal Mega Mart Limited | 3.99% |
| Chalet Hotels Ltd. | 2.66% |
| Jupiter Life Line Hospitals Limited | 1.70% |
| JSW Dulux Limited | 1.61% |
| AUGMONT ENTERPRISES LIMITED | 1.45% |
Largest holdings only in HDFC Nifty India Consumption Index Fund
| Security | % of fund |
|---|---|
| ITC LIMITED | 7.86% |
| Torrent Pharmaceuticals Ltd. | 2.16% |
| Hero MotoCorp Ltd. | 2.12% |
| Indian Hotels Company Ltd. | 1.99% |
| Avenue Supermarts Ltd. | 1.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Equity | 98.7% | 98.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 1.3% |
Market cap of stocks
| Market cap | HDFC Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Large Cap | 69.6% | 88.0% |
| Mid Cap | 11.7% | 10.7% |
| Small Cap | 12.7% | 0.0% |
| Not on AMFI's list | 4.7% | 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 | HDFC Consumption | HDFC Nifty India Consumption Index |
|---|---|---|
| Automobiles | 22.7% | 24.9% |
| Retailing | 19.2% | 13.3% |
| Diversified FMCG | 7.4% | 13.0% |
| Consumer Durables | 9.3% | 11.0% |
| Telecom - Services | 5.2% | 10.1% |
| Healthcare Services | 6.0% | 4.8% |
| Personal Products | 6.0% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Consumption vs HDFC Nifty India Consumption Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Consumption Fund | HDFC Nifty India Consumption Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.40% | 0.44% |
| Base expense ratio (Direct) | 1.05% | 0.30% |
| Total expense ratio (Regular) | 2.42% | 0.88% |
| Base expense ratio (Regular) | 1.94% | 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
HDFC Consumption Fund vs HDFC Nifty India Consumption Index Fund: Frequently Asked Questions
What is the difference between HDFC Consumption Fund and HDFC Nifty India Consumption Index Fund?
HDFC Consumption Fund is a Thematic fund, HDFC Nifty India Consumption Index Fund is an Index fund, run by HDFC Mutual Fund. Their portfolios overlap 62.7%. HDFC Consumption Fund charges 1.40% a year and HDFC Nifty India Consumption Index Fund 0.44%.
Which has the lower expense ratio, HDFC Consumption Fund or HDFC Nifty India Consumption Index Fund?
HDFC Nifty India Consumption Index Fund charges less: 0.44% a year against 1.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Consumption Fund and HDFC Nifty India Consumption Index Fund overlap?
62.7%. They hold 22 of the same securities, the largest shared ones being M&M, ETERNAL, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, HDFC Consumption Fund or HDFC Nifty India Consumption Index Fund?
On SEBI's riskometer, HDFC 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 13.13% and 16.56% a year.
Can I invest in both HDFC Consumption Fund and HDFC Nifty India Consumption Index Fund?
Yes. 62.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Consumption Fund and HDFC Nifty India Consumption Index Fund?
HDFC Consumption Fund: Amit Sinha, Gopal Agrawal, Bhagyesh Kagalkar. 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.