Mirae Asset Great Consumer Fund vs Union Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Great Consumer Fund is a Thematic fund and Union Consumption Fund is a Thematic fund. Mirae Asset Great Consumer Fund charges 0.70% a year and Union Consumption Fund 1.37% (Direct plans). Their portfolios overlap 46.4%: they hold 17 of the same securities.
Mirae Asset Great Consumer Fund
Thematic
- Expense ratio
- 0.70%
- NAV
- ₹106.46
Which is better, Mirae Asset Great Consumer or Union Consumption? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Great Consumer costs less: 0.70% a year against 1.37% (Direct plans).
- Mirae Asset Great Consumer fell less in its worst fall since 26-12-2025: −16.7% against −16.8%.
- Mirae Asset Great Consumer holds more in large companies: 61.5% of the fund in large caps against 50.1%.
- Mirae Asset Great Consumer is the larger fund: ₹4,455 Cr against ₹314 Cr.
- Their portfolios overlap 46.4%: 17 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 | Mirae Asset Great Consumer Fund | Union Consumption Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Union Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹4,455 Cr (30-09-2026) | ₹314 Cr (30-09-2026) |
| NAV | ₹106.46 (Direct) | ₹9.56 (Direct) |
| Expense ratio (Direct) | 0.70% | 1.37% |
| Expense ratio (Regular) | 2.08% | 2.69% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 05-11-2009 | 22-12-2025 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Siddhant Chhabria | Vinod Malviya, Sanjay Bembalkar |
| Exit load | Exit load of 1% if redeemed within 1 Month | Exit load of 1%, if redeemed within 1 Year. |
Mirae Asset Great Consumer vs Union 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Great Consumer Fund (Direct) | −1.18% | −6.16% | +0.42% | −8.40% | +9.90% | +11.36% | +15.21% |
| Union Consumption Fund (Direct) | +0.42% | −2.65% | +4.14% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Mirae Asset Great Consumer vs Union Consumption: Year-wise Returns
| Year | Mirae Asset Great ConsumerMirae Asset Great Consumer | Union ConsumptionUnion Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −6.62% | −4.69% | −9.10% |
| 2025 | +4.84% | -- | +9.22% |
| 2024 | +18.91% | -- | +19.77% |
| 2023 | +34.87% | -- | +27.96% |
| 2022 | +8.89% | -- | +8.53% |
| 2021 | +35.18% | -- | +20.82% |
Mirae Asset Great Consumer vs Union Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Mirae Asset Great Consumer vs Union Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Great Consumer Fund (Direct) | Union Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.05% | −5.20% |
| Standard deviation | 14.36% | 15.32% |
| Sharpe ratio | 0.70 | -0.68 |
| Sortino ratio | 0.95 | -0.91 |
| Maximum drawdown | −35.5% (23-03-2020) | −16.8% (30-03-2026) |
| Beta | 0.86 | 0.91 |
| Alpha | +4.02% | +3.54% |
From daily NAVs, 02-01-2013 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.
Mirae Asset Great Consumer Fund (Direct)
Union 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 |
|---|---|---|---|---|---|---|
| Mirae Asset Great Consumer Fund (Direct) | −16.7% | 31-12-2025 | 23-03-2026 | 03-08-2026 | 4 months | −8.3% |
| Union Consumption Fund (Direct) | −16.8% | 05-01-2026 | 30-03-2026 | 14-08-2026 | 5 months | −5.6% |
| Nifty India Consumption TRI | −15.8% | 31-12-2025 | 30-03-2026 | 03-08-2026 | 4 months | −9.5% |
From daily values since 26-12-2025, the first day every fund has.
Mirae Asset Great Consumer vs Union Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Great Consumer Fund, September 2026; Union Consumption Fund, September 2026
Holdings in common
- Overlap
- 46.4%
- Held by both
- 17
- Only in Mirae Asset Great Consumer
- 26
- Only in Union Consumption
- 31
| Security | % of Mirae Asset Great Consumer | % of Union Consumption |
|---|---|---|
| Eternal Ltd. | 8.39% | 7.22% |
| Mahindra & Mahindra Ltd. | 6.68% | 5.27% |
| Bharti Airtel Ltd. | 5.00% | 7.05% |
| Maruti Suzuki India Ltd. | 6.05% | 4.78% |
| Titan Company Ltd. | 5.80% | 3.63% |
| Trent Ltd. | 3.48% | 3.65% |
| Varun Beverages Ltd. | 3.17% | 3.79% |
| LG Electronics India Ltd. | 2.10% | 2.94% |
| Honasa Consumer Ltd. | 1.99% | 2.67% |
| TVS Motor Company Ltd. | 2.81% | 1.65% |
| Lenskart Solutions Ltd. | 1.60% | 1.59% |
| Meesho Ltd. | 1.79% | 1.45% |
| ITC Ltd. | 1.15% | 1.42% |
| Greenply Industries Ltd. | 1.34% | 1.12% |
| Marico Ltd. | 1.03% | 2.51% |
| FSN E-Commerce Ventures Ltd. | 0.98% | 2.85% |
| Interglobe Aviation Ltd. | 0.80% | 1.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 46.4% means 46.4% 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 Mirae Asset Great Consumer Fund
| Security | % of fund |
|---|---|
| Asian Paints Ltd. | 4.10% |
| Eicher Motors Ltd. | 3.91% |
| Apollo Hospitals Enterprise Ltd. | 3.25% |
| Avenue Supermarts Ltd. | 3.16% |
| Leela Palaces Hotels & Resorts Ltd. | 2.23% |
Largest holdings only in Union Consumption Fund
| Security | % of fund |
|---|---|
| Radico Khaitan Ltd. | 3.30% |
| Zydus Wellness Ltd. | 2.83% |
| Ather Energy Ltd. | 2.70% |
| One 97 Communications Ltd. | 2.60% |
| ICICI Bank Ltd. | 2.37% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Great Consumer | Union Consumption |
|---|---|---|
| Equity | 99.7% | 98.7% |
| Debt | 0.0% | 0.1% |
| Cash and others | 0.3% | 1.2% |
Market cap of stocks
| Market cap | Mirae Asset Great Consumer | Union Consumption |
|---|---|---|
| Large Cap | 61.5% | 50.1% |
| Mid Cap | 10.4% | 25.4% |
| Small Cap | 24.9% | 20.4% |
| Not on AMFI's list | 2.9% | 2.8% |
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 | Mirae Asset Great Consumer | Union Consumption |
|---|---|---|
| Consumer Durables | 24.4% | 13.0% |
| Retailing | 22.6% | 19.9% |
| Automobiles | 19.4% | 15.2% |
| Beverages | 3.2% | 7.1% |
| Telecom - Services | 5.0% | 7.0% |
| Leisure Services | 5.6% | 0.0% |
| Agricultural Food & other Products | 1.0% | 4.8% |
| Personal Products | 3.9% | 2.7% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Great Consumer vs Union Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Great Consumer Fund | Union Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.70% | 1.37% |
| Base expense ratio (Direct) | 0.45% | 0.94% |
| Total expense ratio (Regular) | 2.08% | 2.69% |
| Base expense ratio (Regular) | 1.62% | 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 Mirae Asset Great Consumer with
Mirae Asset Great Consumer Fund vs Union Consumption Fund: Frequently Asked Questions
What is the difference between Mirae Asset Great Consumer Fund and Union Consumption Fund?
Mirae Asset Great Consumer Fund is a Thematic fund, Union Consumption Fund is a Thematic fund, run by Mirae Asset Mutual Fund and Union Mutual Fund. Their portfolios overlap 46.4%. Mirae Asset Great Consumer Fund charges 0.70% a year and Union Consumption Fund 1.37%.
Which has the lower expense ratio, Mirae Asset Great Consumer Fund or Union Consumption Fund?
Mirae Asset Great Consumer Fund charges less: 0.70% a year against 1.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Great Consumer Fund and Union Consumption Fund overlap?
46.4%. They hold 17 of the same securities, the largest shared ones being ETERNAL, M&M, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Great Consumer Fund or Union Consumption Fund?
On SEBI's riskometer, Mirae Asset Great Consumer Fund is rated Very High and Union Consumption Fund Very High. Over their common history, the standard deviation of daily returns was 14.36% and 15.32% a year.
Can I invest in both Mirae Asset Great Consumer Fund and Union Consumption Fund?
Yes. 46.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset Great Consumer Fund and Union Consumption Fund?
Mirae Asset Great Consumer Fund: Siddhant Chhabria. Union Consumption Fund: Vinod Malviya, Sanjay Bembalkar.
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.