HDFC Consumption Fund vs SBI Nifty Consumption ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Consumption Fund is a Thematic fund and SBI Nifty Consumption ETF is a mutual fund. In the 3 years to 30-10-2026, HDFC Consumption Fund (Direct) returned 9.2% a year and SBI Nifty Consumption ETF (Regular) returned 10.7% a year. HDFC Consumption Fund charges 1.40% a year and SBI Nifty Consumption ETF 0.32%. Their portfolios overlap 62.7%: they hold 22 of the same securities.
SBI Nifty Consumption ETF
- 3 year return
- 10.7%
- Expense ratio
- 0.32%
- NAV
- ₹114.62
Which is better, HDFC Consumption 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 3 years: 10.7% a year against 9.2%.
- SBI Nifty Consumption ETF returned more over 1 year: −10.8% against −11.0%.
- SBI Nifty Consumption ETF costs less: 0.32% a year against 1.40%.
- HDFC Consumption swung less over 3 years: a standard deviation of 13.5% a year against 13.9%.
- SBI Nifty Consumption ETF fell less in its worst fall since 12-07-2023: −22.0% against −23.5%.
- SBI Nifty Consumption ETF holds more in large companies: 88.1% of the fund in large caps against 69.6%.
- HDFC Consumption is the larger fund: ₹954 Cr against ₹20 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 | SBI Nifty Consumption ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹954 Cr (30-09-2026) | ₹20 Cr (30-09-2026) |
| NAV | ₹13.47 (Direct) | ₹114.62 (Regular) |
| Expense ratio (Direct) | 1.40% | Not available |
| Expense ratio (Regular) | 2.42% | 0.32% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty India Consumption TRI | Not available |
| Launch date | 12-07-2023 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Amit Sinha, Gopal Agrawal, Bhagyesh Kagalkar | 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. | Not available |
HDFC Consumption 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 |
|---|---|---|---|---|---|---|---|
| HDFC Consumption Fund (Direct) | −1.26% | −6.76% | −1.33% | −11.03% | +9.22% | -- | -- |
| SBI Nifty Consumption ETF (Regular) | +0.14% | −8.17% | −2.39% | −10.83% | +10.68% | +10.21% | -- |
| 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 SBI Nifty Consumption ETF: Year-wise Returns
| Year | HDFC ConsumptionHDFC Consumption | SBI Nifty Consumption ETFSBI Nifty Consumption ETF | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −7.73% | −9.31% | −9.10% |
| 2025 | +0.51% | +8.89% | +9.22% |
| 2024 | +24.15% | +19.36% | +19.77% |
| 2023 | -- | +27.51% | +27.96% |
| 2022 | -- | +8.09% | +8.53% |
HDFC Consumption vs SBI Nifty Consumption ETF: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 75 of them, one for each trading day from 13-07-2026 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.
HDFC Consumption Fund (Direct)
SBI Nifty Consumption ETF (Regular)
Nifty India Consumption TRI
to
Jul 2026Aug 2023
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Consumption | 0.0 | 0.0 | 28.0 | 72.0 | 0.0 | 0.0 | 0.0 | 11.2% | 11.8% | 7.5% | 14.1% | 0% |
| SBI Nifty Consumption ETF | 0.0 | 0.0 | 18.7 | 81.3 | 0.0 | 0.0 | 0.0 | 11.9% | 12.0% | 8.7% | 14.8% | 0% |
| Nifty India Consumption TRI | 0.0 | 0.0 | 16.0 | 82.7 | 1.3 | 0.0 | 0.0 | 12.3% | 12.4% | 9.1% | 15.2% | -- |
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 12-07-2023. Past returns do not promise future returns.
HDFC Consumption 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 12-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC ConsumptionHDFC Consumption Fund (Direct) | ₹4,00,000 | ₹4,11,163 | ₹11,163 | 1.6% |
| SBI Nifty Consumption ETFSBI Nifty Consumption ETF (Regular) | ₹4,00,000 | ₹4,18,012 | ₹18,012 | 2.6% |
HDFC ConsumptionHDFC Consumption 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.
HDFC Consumption 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 | HDFC Consumption Fund (Direct) | SBI Nifty Consumption ETF (Regular) |
|---|---|---|
| Return (CAGR) | −11.03% | −10.83% |
| Standard deviation | 14.56% | 15.10% |
| Sharpe ratio | -1.12 | -1.06 |
| Sortino ratio | -1.47 | -1.39 |
| Maximum drawdown | −18.6% (31-03-2026) | −17.3% (31-03-2026) |
| Beta | 0.93 | 1.00 |
| Alpha | −1.59% | −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 | HDFC Consumption Fund (Direct) | SBI Nifty Consumption ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.22% | +10.68% |
| Standard deviation | 13.47% | 13.91% |
| Sharpe ratio | 0.24 | 0.33 |
| Sortino ratio | 0.33 | 0.48 |
| Maximum drawdown | −23.5% (31-03-2026) | −22.0% (04-03-2025) |
| Beta | 0.88 | 1.00 |
| Alpha | −1.19% | −0.34% |
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 | HDFC Consumption Fund (Direct) | SBI Nifty Consumption ETF (Regular) |
|---|---|---|
| Return (CAGR) | +9.43% | +11.70% |
| Standard deviation | 13.13% | 13.88% |
| Sharpe ratio | 0.25 | 0.43 |
| Sortino ratio | 0.35 | 0.61 |
| Maximum drawdown | −23.5% (31-03-2026) | −22.0% (04-03-2025) |
| Beta | 0.88 | 1.00 |
| Alpha | +0.22% | −0.37% |
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)
SBI Nifty Consumption ETF (Regular)
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) | −23.5% | 23-09-2024 | 31-03-2026 | Not yet | -- | −16.4% |
| SBI Nifty Consumption ETF (Regular) | −22.0% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.9% |
| Nifty India Consumption TRI | −21.9% | 26-09-2024 | 04-03-2025 | Not yet | -- | −13.4% |
From daily values since 12-07-2023, 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.
HDFC Consumption Fund (Direct)
SBI Nifty Consumption ETF (Regular)
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.
HDFC Consumption Fund (Direct)
SBI Nifty Consumption ETF (Regular)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Consumption Fund (Direct) | 87% | 80% | 6.08% |
| SBI Nifty Consumption ETF (Regular) | 99% | 101% | 0.03% |
From month-end values since 12-07-2023. 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.
HDFC Consumption vs SBI Nifty Consumption ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Consumption Fund, September 2026; SBI Nifty Consumption ETF, September 2026
Holdings in common
- Overlap
- 62.7%
- Held by both
- 22
- Only in HDFC Consumption
- 28
- Only in SBI Nifty Consumption ETF
- 8
| Security | % of HDFC Consumption | % of SBI Nifty Consumption ETF |
|---|---|---|
| Mahindra & Mahindra Ltd. | 8.26% | 8.19% |
| Eternal Limited | 9.56% | 7.21% |
| Bharti Airtel Ltd. | 5.21% | 10.14% |
| Hindustan Unilever Ltd. | 7.39% | 5.18% |
| Bajaj Auto Limited | 3.64% | 3.69% |
| 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% | 3.00% |
| 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% | 1.84% |
| 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% | 3.51% |
| United Spirits Limited | 2.65% | 1.24% |
| 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 SBI Nifty Consumption ETF
| Security | % of fund |
|---|---|
| ITC Ltd. | 7.87% |
| Torrent Pharmaceuticals Ltd. | 2.19% |
| Hero MotoCorp Ltd. | 2.11% |
| The Indian Hotels Company Ltd. | 1.99% |
| Avenue Supermarts Ltd. | 1.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Consumption | SBI Nifty Consumption ETF |
|---|---|---|
| Equity | 98.7% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 0.0% |
Market cap of stocks
| Market cap | HDFC Consumption | SBI Nifty Consumption ETF |
|---|---|---|
| Large Cap | 69.6% | 88.1% |
| Mid Cap | 11.7% | 11.9% |
| 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 | SBI Nifty Consumption ETF |
|---|---|---|
| Automobiles | 22.7% | 24.9% |
| Retailing | 19.2% | 13.3% |
| Diversified FMCG | 7.4% | 13.1% |
| Consumer Durables | 9.3% | 10.9% |
| Telecom - Services | 5.2% | 10.1% |
| Healthcare Services | 6.0% | 6.0% |
| Personal Products | 6.0% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Consumption vs SBI Nifty Consumption ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Consumption Fund | SBI Nifty Consumption ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.40% | Not available |
| Base expense ratio (Direct) | 1.05% | 0.00% |
| Total expense ratio (Regular) | 2.42% | 0.32% |
| Base expense ratio (Regular) | 1.94% | 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.
More comparisons
Each fund against the others of its category
HDFC Consumption Fund vs SBI Nifty Consumption ETF: Frequently Asked Questions
What is the difference between HDFC Consumption Fund and SBI Nifty Consumption ETF?
HDFC Consumption Fund is a Thematic fund, SBI Nifty Consumption ETF is a mutual fund, run by HDFC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 62.7%. HDFC Consumption Fund charges 1.40% a year and SBI Nifty Consumption ETF 0.32%.
Which has given higher returns, HDFC Consumption Fund or SBI Nifty Consumption ETF?
Over 1 year: HDFC Consumption Fund −11.03%, SBI Nifty Consumption ETF −10.83%. Over 3 years: HDFC Consumption Fund +9.22% a year, SBI Nifty Consumption ETF +10.68% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Consumption Fund or SBI Nifty Consumption ETF?
SBI Nifty Consumption ETF charges less: 0.32% a year against 1.40%. These are the total expense ratios reported to AMFI.
How much do HDFC Consumption Fund and SBI Nifty Consumption ETF 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 better for SIP, HDFC Consumption Fund or SBI Nifty Consumption ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,70,990 in HDFC Consumption Fund (XIRR 0.2% a year) and ₹3,77,421 in SBI Nifty Consumption ETF (XIRR 1.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Consumption Fund and SBI Nifty Consumption ETF?
Yes. 62.7% 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.