HSBC Consumption Fund vs Invesco India Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Consumption Fund is a Thematic fund and Invesco India Consumption Fund is a Thematic fund. In the year to 30-10-2026, HSBC Consumption Fund (Direct) returned −4.6% and Invesco India Consumption Fund (Direct) returned 7.1%. HSBC Consumption Fund charges 0.89% a year and Invesco India Consumption Fund 1.18% (Direct plans). Their portfolios overlap 43.6%: they hold 20 of the same securities.
Invesco India Consumption Fund
Thematic
- 1 year return
- 7.1%
- Expense ratio
- 1.18%
- NAV
- ₹10.73
Which is better, HSBC Consumption 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.
- Invesco India Consumption returned more over 1 year: 7.1% against −4.6%.
- HSBC Consumption costs less: 0.89% a year against 1.18% (Direct plans).
- Invesco India Consumption fell less in its worst fall since 29-10-2025: −15.6% against −17.4%.
- HSBC Consumption is the larger fund: ₹1,698 Cr against ₹590 Cr.
- Their portfolios overlap 43.6%: 20 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 | HSBC Consumption Fund | Invesco India Consumption Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | Invesco Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,698 Cr (30-09-2026) | ₹590 Cr (30-09-2026) |
| NAV | ₹14.84 (Direct) | ₹10.73 (Direct) |
| Expense ratio (Direct) | 0.89% | 1.18% |
| Expense ratio (Regular) | 2.21% | 2.67% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 31-08-2023 | 28-10-2025 |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | None |
| Fund managers | Anish Goenka, Mayank Chaturvedi, Dipan S. Parikh | Manish Poddar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 days. | Exit load of 0.50%, if redeemed within 3 months. |
HSBC Consumption 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 |
|---|---|---|---|---|---|---|---|
| HSBC Consumption Fund (Direct) | −3.56% | −5.68% | +1.50% | −4.62% | +13.80% | -- | -- |
| 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.
HSBC Consumption vs Invesco India Consumption: Year-wise Returns
| Year | HSBCHSBC Consumption | Invesco IndiaInvesco India Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −2.41% | +9.94% | −9.10% |
| 2025 | −0.19% | -- | +9.22% |
| 2024 | +34.57% | -- | +19.77% |
HSBC Consumption vs Invesco India Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
HSBC Consumption vs Invesco India Consumption: 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC ConsumptionHSBC Consumption Fund (Direct) | ₹1,30,000 | ₹1,29,834 | −₹166 | −0.2% |
| Invesco India ConsumptionInvesco India Consumption Fund (Direct) | ₹1,30,000 | ₹1,41,059 | ₹11,059 | 15.2% |
HSBC ConsumptionHSBC Consumption Fund (Direct)
Invesco India ConsumptionInvesco India Consumption 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.
HSBC Consumption vs Invesco India Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Consumption Fund (Direct) | Invesco India Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.62% | +7.09% |
| Standard deviation | 16.22% | 16.32% |
| Sharpe ratio | -0.61 | 0.11 |
| Sortino ratio | -0.83 | 0.16 |
| Maximum drawdown | −17.3% (23-03-2026) | −15.6% (23-03-2026) |
| Beta | 0.98 | 0.95 |
| Alpha | +5.61% | +16.93% |
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 | HSBC Consumption Fund (Direct) | Invesco India Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.25% | +7.07% |
| Standard deviation | 14.91% | 16.30% |
| Sharpe ratio | 0.48 | 0.11 |
| Sortino ratio | 0.67 | 0.16 |
| Maximum drawdown | −21.2% (28-02-2025) | −15.6% (23-03-2026) |
| Beta | 0.94 | 0.95 |
| Alpha | +3.09% | +17.38% |
From daily NAVs, 04-09-2023 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.
HSBC Consumption 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 |
|---|---|---|---|---|---|---|
| HSBC Consumption Fund (Direct) | −17.4% | 29-10-2025 | 23-03-2026 | 29-07-2026 | 4 months | −9.3% |
| Invesco India Consumption Fund (Direct) | −15.6% | 30-10-2025 | 23-03-2026 | 15-06-2026 | 3 months | −5.0% |
| Nifty India Consumption TRI | −17.7% | 29-10-2025 | 30-03-2026 | Not yet | -- | −11.1% |
From daily values since 29-10-2025, 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.
HSBC Consumption Fund (Direct)
Invesco India Consumption Fund (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HSBC Consumption Fund (Direct) | 99% | 74% | 8.02% |
| Invesco India Consumption Fund (Direct) | 126% | 53% | 9.12% |
From month-end values since 29-10-2025. 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.
HSBC Consumption vs Invesco India Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Consumption Fund, September 2026; Invesco India Consumption Fund, September 2026
Holdings in common
- Overlap
- 43.6%
- Held by both
- 20
- Only in HSBC Consumption
- 31
- Only in Invesco India Consumption
- 24
| Security | % of HSBC Consumption | % of Invesco India Consumption |
|---|---|---|
| Eternal Limited | 7.00% | 6.16% |
| Bharti Airtel Limited | 4.50% | 3.39% |
| Milky Mist Dairy Food Limited | 3.37% | 4.14% |
| TVS Motor Company Limited | 3.19% | 3.45% |
| Mahindra & Mahindra Limited | 2.90% | 3.41% |
| Titan Company Limited | 4.23% | 2.89% |
| CRAFTSMAN AUTOMATION LIMITED | 2.50% | 2.96% |
| Amber Enterprises India Limited | 2.46% | 2.52% |
| Trent Limited | 2.08% | 2.80% |
| Radico Khaitan Limited | 4.99% | 2.07% |
| Krishna Institute of Medical Science Ltd | 2.07% | 3.03% |
| CCL Products (India) Limited | 1.75% | 2.58% |
| Ather Energy Limited | 3.25% | 1.39% |
| SWIGGY LIMITED | 1.85% | 1.34% |
| Meesho Limited | 1.63% | 1.28% |
| GLOBAL HEALTH LIMITED | 3.09% | 1.21% |
| Rentomojo Limited | 1.12% | 1.67% |
| Godrej Consumer Products Limited | 1.61% | 1.00% |
| Dhoot Transmission Limited | 0.76% | 2.89% |
| SAFARI INDUSTRIES (INDIA) LIMITED | 0.69% | 1.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 43.6% means 43.6% 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 HSBC Consumption Fund
| Security | % of fund |
|---|---|
| Maruti Suzuki India Limited | 4.12% |
| Varun Beverages Limited | 3.25% |
| Multi Commodity Exchange of India Ltd. | 2.70% |
| KALYAN JEWELLERS INDIA LIMITED | 2.48% |
| Dixon Technologies (India) Limited | 2.41% |
Largest holdings only in Invesco India Consumption Fund
| Security | % of fund |
|---|---|
| Aditya Infotech Limited | 3.38% |
| Sedemac Mechatronics Limited | 3.30% |
| InterGlobe Aviation Limited | 2.89% |
| Corona Remedies Limited | 2.74% |
| SS Retail Limited | 2.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Consumption | Invesco India Consumption |
|---|---|---|
| Equity | 98.1% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.9% | 0.6% |
Market cap of stocks
| Market cap | HSBC Consumption | Invesco India Consumption |
|---|---|---|
| Large Cap | 34.8% | 34.8% |
| Mid Cap | 23.6% | 12.8% |
| Small Cap | 34.5% | 39.8% |
| Not on AMFI's list | 5.3% | 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 | HSBC Consumption | Invesco India Consumption |
|---|---|---|
| Retailing | 15.5% | 18.0% |
| Consumer Durables | 17.4% | 9.7% |
| Auto Components | 4.5% | 14.6% |
| Automobiles | 13.5% | 10.7% |
| Beverages | 9.2% | 2.1% |
| Healthcare Services | 5.2% | 8.8% |
| Food Products | 6.8% | 4.1% |
| Leisure Services | 5.8% | 2.0% |
| Transport Services | 0.0% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Consumption vs Invesco India Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Consumption Fund | Invesco India Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 1.18% |
| Base expense ratio (Direct) | 0.68% | 0.76% |
| Total expense ratio (Regular) | 2.21% | 2.67% |
| Base expense ratio (Regular) | 1.80% | 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 HSBC Consumption with
Compare Invesco India Consumption with
HSBC Consumption Fund vs Invesco India Consumption Fund: Frequently Asked Questions
What is the difference between HSBC Consumption Fund and Invesco India Consumption Fund?
HSBC Consumption Fund is a Thematic fund, Invesco India Consumption Fund is a Thematic fund, run by HSBC Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 43.6%. HSBC Consumption Fund charges 0.89% a year and Invesco India Consumption Fund 1.18%.
Which has given higher returns, HSBC Consumption Fund or Invesco India Consumption Fund?
Over 1 year: HSBC Consumption Fund −4.62%, Invesco India Consumption Fund +7.09%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Consumption Fund or Invesco India Consumption Fund?
HSBC Consumption Fund charges less: 0.89% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Consumption Fund and Invesco India Consumption Fund overlap?
43.6%. They hold 20 of the same securities, the largest shared ones being ETERNAL, BHARTIARTL, MILKYMIST. From each fund's latest monthly portfolio.
Which is riskier, HSBC Consumption Fund or Invesco India Consumption Fund?
On SEBI's riskometer, HSBC Consumption Fund is rated Very High and Invesco India Consumption Fund Very High. Over 1 years, the standard deviation of daily returns was 16.22% and 16.32% a year.
Can I invest in both HSBC Consumption Fund and Invesco India Consumption Fund?
Yes. 43.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HSBC Consumption Fund and Invesco India Consumption Fund?
HSBC Consumption Fund: Anish Goenka, Mayank Chaturvedi, Dipan S. Parikh. 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.