Invesco India Consumption Fund vs ITI Bharat Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Consumption Fund is a Thematic fund and ITI Bharat Consumption Fund is a Thematic fund. In the year to 30-10-2026, Invesco India Consumption Fund (Direct) returned 7.1% and ITI Bharat Consumption Fund (Direct) returned −3.4%. Invesco India Consumption Fund charges 1.18% a year and ITI Bharat Consumption Fund 0.95% (Direct plans). Their portfolios overlap 37.6%: they hold 18 of the same securities.
Invesco India Consumption Fund
Thematic
- 1 year return
- 7.1%
- Expense ratio
- 1.18%
- NAV
- ₹10.73
ITI Bharat Consumption Fund
Thematic
- 1 year return
- −3.4%
- Expense ratio
- 0.95%
- NAV
- ₹11.48
Which is better, Invesco India Consumption or ITI Bharat 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 −3.4%.
- ITI Bharat Consumption costs less: 0.95% a year against 1.18% (Direct plans).
- Invesco India Consumption fell less in its worst fall since 29-10-2025: −15.6% against −16.3%.
- ITI Bharat Consumption holds more in large companies: 67.0% of the fund in large caps against 34.8%.
- Invesco India Consumption is the larger fund: ₹590 Cr against ₹350 Cr.
- Their portfolios overlap 37.6%: 18 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 | Invesco India Consumption Fund | ITI Bharat Consumption Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | ITI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹590 Cr (30-09-2026) | ₹350 Cr (30-09-2026) |
| NAV | ₹10.73 (Direct) | ₹11.48 (Direct) |
| Expense ratio (Direct) | 1.18% | 0.95% |
| Expense ratio (Regular) | 2.67% | 2.56% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 28-10-2025 | 27-02-2025 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Manish Poddar | Animesh Singh, Dhimant Shah |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 0.50%, if redeemed within 3 months. |
Invesco India Consumption vs ITI Bharat 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Consumption Fund (Direct) | −1.56% | −0.37% | +13.31% | +7.09% | -- | -- | -- |
| ITI Bharat Consumption Fund (Direct) | −1.35% | −4.60% | +3.47% | −3.44% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Invesco India Consumption vs ITI Bharat Consumption: Year-wise Returns
| Year | Invesco IndiaInvesco India Consumption | ITI BharatITI Bharat Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | +9.94% | −2.18% | −9.10% |
Invesco India Consumption vs ITI Bharat Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Invesco India Consumption vs ITI Bharat 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 29-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India ConsumptionInvesco India Consumption Fund (Direct) | ₹1,30,000 | ₹1,41,059 | ₹11,059 | 15.2% |
| ITI Bharat ConsumptionITI Bharat Consumption Fund (Direct) | ₹1,30,000 | ₹1,30,907 | ₹907 | 1.2% |
Invesco India ConsumptionInvesco India Consumption Fund (Direct)
ITI Bharat ConsumptionITI Bharat 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.
Invesco India Consumption vs ITI Bharat Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Consumption Fund (Direct) | ITI Bharat Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.09% | −3.44% |
| Standard deviation | 16.32% | 14.77% |
| Sharpe ratio | 0.11 | -0.59 |
| Sortino ratio | 0.16 | -0.78 |
| Maximum drawdown | −15.6% (23-03-2026) | −15.8% (31-03-2026) |
| Beta | 0.95 | 0.96 |
| Alpha | +16.93% | +6.45% |
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 | Invesco India Consumption Fund (Direct) | ITI Bharat Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.07% | +9.14% |
| Standard deviation | 16.30% | 13.62% |
| Sharpe ratio | 0.11 | 0.27 |
| Sortino ratio | 0.16 | 0.38 |
| Maximum drawdown | −15.6% (23-03-2026) | −16.4% (31-03-2026) |
| Beta | 0.95 | 0.93 |
| Alpha | +17.38% | +3.95% |
From daily NAVs, 29-10-2025 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.
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.
Invesco India Consumption Fund (Direct)
ITI Bharat 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 |
|---|---|---|---|---|---|---|
| Invesco India Consumption Fund (Direct) | −15.6% | 30-10-2025 | 23-03-2026 | 15-06-2026 | 3 months | −5.0% |
| ITI Bharat Consumption Fund (Direct) | −16.3% | 29-10-2025 | 31-03-2026 | 29-07-2026 | 4 months | −6.7% |
| 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.
Invesco India Consumption Fund (Direct)
ITI Bharat Consumption Fund (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Consumption Fund (Direct) | 126% | 53% | 9.12% |
| ITI Bharat Consumption Fund (Direct) | 100% | 73% | 4.02% |
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.
Invesco India Consumption vs ITI Bharat Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Consumption Fund, September 2026; ITI Bharat Consumption Fund, September 2026
Holdings in common
- Overlap
- 37.6%
- Held by both
- 18
- Only in Invesco India Consumption
- 26
- Only in ITI Bharat Consumption
- 39
| Security | % of Invesco India Consumption | % of ITI Bharat Consumption |
|---|---|---|
| Eternal Limited | 6.16% | 6.23% |
| Mahindra & Mahindra Limited | 3.41% | 4.17% |
| Bharti Airtel Limited | 3.39% | 6.57% |
| TVS Motor Company Limited | 3.45% | 2.94% |
| Titan Company Limited | 2.89% | 4.60% |
| InterGlobe Aviation Limited | 2.89% | 2.56% |
| Sedemac Mechatronics Limited | 3.30% | 2.27% |
| Eicher Motors Limited | 2.42% | 1.97% |
| Max Healthcare Institute Limited | 2.20% | 1.77% |
| ITC Limited | 1.72% | 3.87% |
| Trent Limited | 2.80% | 1.65% |
| Ather Energy Limited | 1.39% | 2.71% |
| Tata Consumer Products Limited | 1.29% | 1.57% |
| Blue Star Limited | 1.08% | 1.20% |
| Avenue Supermarts Limited | 1.47% | 1.05% |
| Godrej Consumer Products Limited | 1.00% | 1.36% |
| Godfrey Phillips India Limited | 1.00% | 0.59% |
| Radico Khaitan Limited | 2.07% | 0.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.6% means 37.6% 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 Invesco India Consumption Fund
| Security | % of fund |
|---|---|
| Milky Mist Dairy Food Limited | 4.14% |
| Aditya Infotech Limited | 3.38% |
| Krishna Institute Of Medical Sciences Limited | 3.03% |
| Craftsman Automation Limited | 2.96% |
| Dhoot Transmission Ltd | 2.89% |
Largest holdings only in ITI Bharat Consumption Fund
| Security | % of fund |
|---|---|
| Maruti Suzuki India Limited | 4.06% |
| Nestle India Limited | 2.63% |
| Hindustan Unilever Limited | 2.61% |
| Apollo Hospitals Enterprise Limited | 2.42% |
| Bajaj Auto Limited | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Consumption | ITI Bharat Consumption |
|---|---|---|
| Equity | 99.4% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.6% | 0.3% |
Market cap of stocks
| Market cap | Invesco India Consumption | ITI Bharat Consumption |
|---|---|---|
| Large Cap | 34.8% | 67.0% |
| Mid Cap | 12.8% | 14.9% |
| Small Cap | 39.8% | 15.3% |
| Not on AMFI's list | 12.0% | 2.5% |
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 | Invesco India Consumption | ITI Bharat Consumption |
|---|---|---|
| Automobiles | 10.7% | 20.7% |
| Retailing | 18.0% | 11.2% |
| Auto Components | 14.6% | 5.8% |
| Consumer Durables | 9.7% | 12.1% |
| Healthcare Services | 8.8% | 4.2% |
| Telecom - Services | 3.4% | 7.5% |
| Diversified FMCG | 1.7% | 6.5% |
| Transport Services | 5.2% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Consumption vs ITI Bharat Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Consumption Fund | ITI Bharat Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 0.95% |
| Base expense ratio (Direct) | 0.76% | 0.66% |
| Total expense ratio (Regular) | 2.67% | 2.56% |
| Base expense ratio (Regular) | 2.08% | 2.10% |
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
Invesco India Consumption Fund vs ITI Bharat Consumption Fund: Frequently Asked Questions
What is the difference between Invesco India Consumption Fund and ITI Bharat Consumption Fund?
Invesco India Consumption Fund is a Thematic fund, ITI Bharat Consumption Fund is a Thematic fund, run by Invesco Mutual Fund and ITI Mutual Fund. Their portfolios overlap 37.6%. Invesco India Consumption Fund charges 1.18% a year and ITI Bharat Consumption Fund 0.95%.
Which has given higher returns, Invesco India Consumption Fund or ITI Bharat Consumption Fund?
Over 1 year: Invesco India Consumption Fund +7.09%, ITI Bharat Consumption Fund −3.44%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Consumption Fund or ITI Bharat Consumption Fund?
ITI Bharat Consumption Fund charges less: 0.95% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Consumption Fund and ITI Bharat Consumption Fund overlap?
37.6%. They hold 18 of the same securities, the largest shared ones being ETERNAL, M&M, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Consumption Fund or ITI Bharat Consumption Fund?
On SEBI's riskometer, Invesco India Consumption Fund is rated Very High and ITI Bharat Consumption Fund Very High. Over 1 years, the standard deviation of daily returns was 16.32% and 14.77% a year.
Can I invest in both Invesco India Consumption Fund and ITI Bharat Consumption Fund?
Yes. 37.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Consumption Fund and ITI Bharat Consumption Fund?
Invesco India Consumption Fund: Manish Poddar. ITI Bharat Consumption Fund: Animesh Singh, Dhimant Shah.
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.