HDFC Nifty India Consumption Index Fund vs Mirae Asset Nifty India New Age Consumption ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Nifty India Consumption Index Fund is an Index fund and Mirae Asset Nifty India New Age Consumption ETF is an ETF fund. HDFC Nifty India Consumption Index Fund charges 0.44% a year and Mirae Asset Nifty India New Age Consumption ETF 0.46%. Their portfolios overlap 50.4%: they hold 16 of the same securities.
HDFC Nifty India Consumption Index Fund
Index
- Expense ratio
- 0.44%
- NAV
- ₹9.34
Mirae Asset Nifty India New Age Consumption ETF
ETF
- Expense ratio
- 0.46%
- NAV
- ₹11.12
Which is better, HDFC Nifty India Consumption Index or Mirae Asset Nifty India New Age 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.
- HDFC Nifty India Consumption Index costs less: 0.44% a year against 0.46%.
- HDFC Nifty India Consumption Index fell less in its worst fall since 18-02-2026: −13.3% against −16.3%.
- HDFC Nifty India Consumption Index holds more in large companies: 88.0% of the fund in large caps against 53.9%.
- HDFC Nifty India Consumption Index is the larger fund: ₹105 Cr against ₹54 Cr.
- Their portfolios overlap 50.4%: 16 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 | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Mirae Asset Mutual Fund |
| Category | Index | ETF |
| AUM | ₹105 Cr (30-09-2026) | ₹54 Cr (30-09-2026) |
| NAV | ₹9.34 (Direct) | ₹11.12 |
| Expense ratio (Direct) | 0.44% | Not available |
| Expense ratio (Regular) | 0.88% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India New Age Consumption TRI |
| Launch date | 18-02-2026 | 26-12-2024 |
| Minimum investment | ₹100 | On exchange in multiple of 1 unit. With AMC: In multiples of 6,00,000 units |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Ekta Gala, amp, Vishal Singh |
| Exit load | NIL | NIL |
HDFC Nifty India Consumption Index vs Mirae Asset Nifty India New Age 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 Nifty India Consumption Index Fund (Direct) | +0.10% | −8.12% | −2.37% | -- | -- | -- | -- |
| Mirae Asset Nifty India New Age Consumption ETF | −1.58% | −7.58% | +1.62% | −9.69% | -- | -- | -- |
HDFC Nifty India Consumption Index vs Mirae Asset Nifty India New Age Consumption ETF: Year-wise Returns
| Year | HDFC Nifty India Consumption IndexHDFC Nifty India Consumption Index | Mirae Asset Nifty India New Age Consumption ETFMirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| 2026to date | -- | −6.27% |
| 2025 | -- | +0.83% |
HDFC Nifty India Consumption Index vs Mirae Asset Nifty India New Age Consumption ETF: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of HDFC Nifty India Consumption Index Fund
HDFC Nifty India Consumption Index vs Mirae Asset Nifty India New Age Consumption ETF: 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) | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Return (CAGR) | −9.25% | −3.09% |
| Standard deviation | 16.56% | 18.45% |
| Sharpe ratio | -0.88 | -0.47 |
| Sortino ratio | -1.15 | -0.64 |
| Maximum drawdown | −13.3% (31-03-2026) | −21.9% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.35% |
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)
Mirae Asset Nifty India New Age Consumption ETF
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% |
| Mirae Asset Nifty India New Age Consumption ETF | −16.3% | 18-02-2026 | 30-03-2026 | 02-07-2026 | 3 months | −10.5% |
| 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 Nifty India Consumption Index vs Mirae Asset Nifty India New Age Consumption ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Nifty India Consumption Index Fund, September 2026; Mirae Asset Nifty India New Age Consumption ETF, September 2026
Holdings in common
- Overlap
- 50.4%
- Held by both
- 16
- Only in HDFC Nifty India Consumption Index
- 13
- Only in Mirae Asset Nifty India New Age Consumption ETF
- 59
| Security | % of HDFC Nifty India Consumption Index | % of Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Bharti Airtel Ltd. | 10.12% | 5.06% |
| Mahindra & Mahindra Ltd. | 8.18% | 4.99% |
| Eternal Limited | 7.20% | 4.91% |
| Maruti Suzuki India Limited | 4.83% | 5.10% |
| Titan Company Ltd. | 5.89% | 4.83% |
| InterGlobe Aviation Ltd. | 3.50% | 4.66% |
| Bajaj Auto Limited | 3.68% | 3.46% |
| Eicher Motors Ltd. | 3.06% | 2.88% |
| TVS Motor Company Ltd. | 3.02% | 2.81% |
| Trent Ltd. | 2.71% | 3.29% |
| Indian Hotels Company Ltd. | 1.99% | 2.41% |
| Hero MotoCorp Ltd. | 2.12% | 1.99% |
| Avenue Supermarts Ltd. | 1.92% | 2.31% |
| Dixon Technologies (India) Ltd. | 1.71% | 2.26% |
| INFO EDGE (INDIA) LIMITED | 1.47% | 1.78% |
| DLF LIMITED | 1.35% | 1.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 50.4% means 50.4% 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 |
|---|---|
| ITC LIMITED | 7.86% |
| Hindustan Unilever Ltd. | 5.18% |
| Asian Paints Limited | 3.37% |
| Nestle India Ltd. | 2.92% |
| Apollo Hospitals Enterprise Ltd. | 2.61% |
Largest holdings only in Mirae Asset Nifty India New Age Consumption ETF
| Security | % of fund |
|---|---|
| One 97 Communications Ltd. | 2.99% |
| HDFC Asset Management Co. Ltd. | 1.92% |
| Lenskart Solutions Ltd. | 1.89% |
| Tata Motors Passenger Vehicles Ltd. | 1.73% |
| FSN E-Commerce Ventures Ltd. | 1.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Nifty India Consumption Index | Mirae Asset Nifty India New Age 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 Nifty India Consumption Index | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Large Cap | 88.0% | 53.9% |
| Mid Cap | 10.7% | 36.0% |
| Small Cap | 0.0% | 10.2% |
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 | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Automobiles | 24.9% | 25.1% |
| Retailing | 13.3% | 19.9% |
| Consumer Durables | 11.0% | 13.5% |
| Diversified FMCG | 13.0% | 0.0% |
| Telecom - Services | 10.1% | 7.8% |
| Realty | 1.4% | 8.8% |
| Capital Markets | 0.0% | 7.9% |
| Healthcare Services | 4.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Nifty India Consumption Index vs Mirae Asset Nifty India New Age Consumption ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Nifty India Consumption Index Fund | Mirae Asset Nifty India New Age Consumption ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.44% | Not available |
| Base expense ratio (Direct) | 0.30% | 0.00% |
| Total expense ratio (Regular) | 0.88% | Not available |
| Base expense ratio (Regular) | 0.69% | 0.29% |
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.
HDFC Nifty India Consumption Index Fund vs Mirae Asset Nifty India New Age Consumption ETF: Frequently Asked Questions
What is the difference between HDFC Nifty India Consumption Index Fund and Mirae Asset Nifty India New Age Consumption ETF?
HDFC Nifty India Consumption Index Fund is an Index fund, Mirae Asset Nifty India New Age Consumption ETF is an ETF fund, run by HDFC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 50.4%. HDFC Nifty India Consumption Index Fund charges 0.44% a year and Mirae Asset Nifty India New Age Consumption ETF 0.46%.
Which has the lower expense ratio, HDFC Nifty India Consumption Index Fund or Mirae Asset Nifty India New Age Consumption ETF?
HDFC Nifty India Consumption Index Fund charges less: 0.44% a year against 0.46%. These are the total expense ratios reported to AMFI.
How much do HDFC Nifty India Consumption Index Fund and Mirae Asset Nifty India New Age Consumption ETF overlap?
50.4%. They hold 16 of the same securities, the largest shared ones being BHARTIARTL, M&M, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, HDFC Nifty India Consumption Index Fund or Mirae Asset Nifty India New Age Consumption ETF?
On SEBI's riskometer, HDFC Nifty India Consumption Index Fund is rated Very High and Mirae Asset Nifty India New Age Consumption ETF Very High. Over their common history, the standard deviation of daily returns was 16.56% and 18.45% a year.
Can I invest in both HDFC Nifty India Consumption Index Fund and Mirae Asset Nifty India New Age Consumption ETF?
Yes. 50.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Nifty India Consumption Index Fund and Mirae Asset Nifty India New Age Consumption ETF?
HDFC Nifty India Consumption Index Fund: Nandita Menezes, Arun Agarwal. Mirae Asset Nifty India New Age Consumption ETF: Ekta Gala, amp, Vishal Singh.
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.