HDFC Nifty India Consumption Index Fund vs Invesco India Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Nifty India Consumption Index Fund is an Index fund and Invesco India Consumption Fund is a Thematic fund. HDFC Nifty India Consumption Index Fund charges 0.44% a year and Invesco India Consumption Fund 1.18% (Direct plans). Their portfolios overlap 36.4%: they hold 14 of the same securities.
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Which is better, HDFC Nifty India Consumption Index or Invesco India Consumption? 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 1.18% (Direct plans).
- Invesco India Consumption fell less in its worst fall since 18-02-2026: −12.8% against −13.3%.
- HDFC Nifty India Consumption Index holds more in large companies: 88.0% of the fund in large caps against 34.8%.
- Invesco India Consumption is the larger fund: ₹590 Cr against ₹105 Cr.
- Their portfolios overlap 36.4%: 14 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 Nifty India Consumption Index Fund | Invesco India Consumption Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Invesco Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹105 Cr (30-09-2026) | ₹590 Cr (30-09-2026) |
| NAV | ₹9.34 (Direct) | ₹10.73 (Direct) |
| Expense ratio (Direct) | 0.44% | 1.18% |
| Expense ratio (Regular) | 0.88% | 2.67% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 18-02-2026 | 28-10-2025 |
| Minimum investment | ₹100 | Not available |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Manish Poddar |
| Exit load | NIL | Exit load of 0.50%, if redeemed within 3 months. |
HDFC Nifty India Consumption Index vs Invesco India Consumption: 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 Nifty India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
| Invesco India Consumption Fund (Direct) | −1.56% | −0.37% | +13.31% | +7.09% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Nifty India Consumption Index vs Invesco India Consumption: Year-wise Returns
| Year | HDFC Nifty India Consumption IndexHDFC Nifty India Consumption Index | Invesco India ConsumptionInvesco India Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | -- | +9.94% | −9.10% |
HDFC Nifty India Consumption Index vs Invesco India Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
HDFC Nifty India Consumption Index vs Invesco India Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Nifty India Consumption Index Fund (Direct) | Invesco India Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.25% | +7.07% |
| Standard deviation | 16.56% | 16.30% |
| Sharpe ratio | -0.88 | 0.11 |
| Sortino ratio | -1.15 | 0.16 |
| Maximum drawdown | −13.3% (31-03-2026) | −15.6% (23-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.31% | +17.38% |
From daily NAVs, 18-02-2026 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 Nifty India Consumption Index Fund (Direct)
Invesco India Consumption 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 Nifty India Consumption Index Fund (Direct) | −13.3% | 18-02-2026 | 31-03-2026 | 27-07-2026 | 4 months | −9.5% |
| Invesco India Consumption Fund (Direct) | −12.8% | 18-02-2026 | 23-03-2026 | 06-05-2026 | 44 days | −5.0% |
| 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 Nifty India Consumption Index vs Invesco India Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty India Consumption Index Fund, September 2026; Invesco India Consumption Fund, September 2026
Holdings in common
- Overlap
- 36.4%
- Held by both
- 14
- Only in HDFC Nifty India Consumption Index
- 15
- Only in Invesco India Consumption
- 30
| Security | % of HDFC Nifty India Consumption Index | % of Invesco India Consumption |
|---|---|---|
| Eternal Limited | 7.20% | 6.16% |
| Mahindra & Mahindra Ltd. | 8.18% | 3.41% |
| Bharti Airtel Ltd. | 10.12% | 3.39% |
| TVS Motor Company Ltd. | 3.02% | 3.45% |
| Titan Company Ltd. | 5.89% | 2.89% |
| InterGlobe Aviation Ltd. | 3.50% | 2.89% |
| Trent Ltd. | 2.71% | 2.80% |
| Eicher Motors Ltd. | 3.06% | 2.42% |
| Max Healthcare Institute Limited | 2.15% | 2.20% |
| Torrent Pharmaceuticals Ltd. | 2.16% | 1.90% |
| ITC LIMITED | 7.86% | 1.72% |
| Avenue Supermarts Ltd. | 1.92% | 1.47% |
| Tata Consumer Products Limited | 1.92% | 1.29% |
| Godrej Consumer Products Ltd. | 1.06% | 1.00% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.4% means 36.4% 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 Nifty India Consumption Index Fund
| Security | % of fund |
|---|---|
| Hindustan Unilever Ltd. | 5.18% |
| Maruti Suzuki India Limited | 4.83% |
| Bajaj Auto Limited | 3.68% |
| Asian Paints Limited | 3.37% |
| Nestle India Ltd. | 2.92% |
Largest holdings only in Invesco India Consumption Fund
| Security | % of fund |
|---|---|
| Milky Mist Dairy Food Limited | 4.14% |
| Aditya Infotech Limited | 3.38% |
| Sedemac Mechatronics Limited | 3.30% |
| Krishna Institute Of Medical Sciences Limited | 3.03% |
| Craftsman Automation Limited | 2.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty India Consumption Index | Invesco India Consumption |
|---|---|---|
| Equity | 98.7% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 0.6% |
Market cap of stocks
| Market cap | HDFC Nifty India Consumption Index | Invesco India Consumption |
|---|---|---|
| Large Cap | 88.0% | 34.8% |
| Mid Cap | 10.7% | 12.8% |
| Small Cap | 0.0% | 39.8% |
| Not on AMFI's list | 0.0% | 12.0% |
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 Nifty India Consumption Index | Invesco India Consumption |
|---|---|---|
| Automobiles | 24.9% | 10.7% |
| Retailing | 13.3% | 18.0% |
| Auto Components | 0.0% | 14.6% |
| Diversified FMCG | 13.0% | 1.7% |
| Consumer Durables | 11.0% | 9.7% |
| Telecom - Services | 10.1% | 3.4% |
| Healthcare Services | 4.8% | 8.8% |
| Transport Services | 3.5% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty India Consumption Index vs Invesco India Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty India Consumption Index Fund | Invesco India Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.44% | 1.18% |
| Base expense ratio (Direct) | 0.30% | 0.76% |
| Total expense ratio (Regular) | 0.88% | 2.67% |
| Base expense ratio (Regular) | 0.69% | 2.08% |
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
Compare Invesco India Consumption with
HDFC Nifty India Consumption Index Fund vs Invesco India Consumption Fund: Frequently Asked Questions
What is the difference between HDFC Nifty India Consumption Index Fund and Invesco India Consumption Fund?
HDFC Nifty India Consumption Index Fund is an Index fund, Invesco India Consumption Fund is a Thematic fund, run by HDFC Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 36.4%. HDFC Nifty India Consumption Index Fund charges 0.44% a year and Invesco India Consumption Fund 1.18%.
Which has the lower expense ratio, HDFC Nifty India Consumption Index Fund or Invesco India Consumption Fund?
HDFC Nifty India Consumption Index Fund charges less: 0.44% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Nifty India Consumption Index Fund and Invesco India Consumption Fund overlap?
36.4%. They hold 14 of the same securities, the largest shared ones being ETERNAL, M&M, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty India Consumption Index Fund or Invesco India Consumption Fund?
On SEBI's riskometer, HDFC Nifty India Consumption Index Fund is rated Very High and Invesco India Consumption Fund Very High. Over their common history, the standard deviation of daily returns was 16.56% and 16.30% a year.
Can I invest in both HDFC Nifty India Consumption Index Fund and Invesco India Consumption Fund?
Yes. 36.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Nifty India Consumption Index Fund and Invesco India Consumption Fund?
HDFC Nifty India Consumption Index Fund: Nandita Menezes, Arun Agarwal. Invesco India Consumption Fund: Manish Poddar.
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.