Motilal Oswal Consumption Fund vs Union Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
Motilal Oswal Consumption Fund is a Thematic fund and Union Consumption Fund is a Thematic fund. Motilal Oswal Consumption Fund charges 0.85% a year and Union Consumption Fund 1.37% (Direct plans). Their portfolios overlap 33.3%: they hold 14 of the same securities.
Which is better, Motilal Oswal Consumption 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.
- Motilal Oswal Consumption costs less: 0.85% a year against 1.37% (Direct plans).
- Union Consumption fell less in its worst fall since 26-12-2025: −16.8% against −18.6%.
- Union Consumption holds more in large companies: 50.1% of the fund in large caps against 25.5%.
- Motilal Oswal Consumption is the larger fund: ₹1,159 Cr against ₹314 Cr.
- Their portfolios overlap 33.3%: 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 | Motilal Oswal Consumption Fund | Union Consumption Fund |
|---|---|---|
| Fund house | Motilal Oswal Mutual Fund | Union Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,159 Cr (30-09-2026) | ₹314 Cr (30-09-2026) |
| NAV | ₹10.96 (Direct) | ₹9.56 (Direct) |
| Expense ratio (Direct) | 0.85% | 1.37% |
| Expense ratio (Regular) | 2.34% | 2.69% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 23-10-2025 | 22-12-2025 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Aliasgar Shakir, Varun Sharma, Rakesh Shetty, Swapnil Mayekar | Vinod Malviya, Sanjay Bembalkar |
| Exit load | 1% - If redeemed within 3 months from the day of allotment. Nil - If redeemed after 3 months from the date of allotment. | Exit load of 1%, if redeemed within 1 Year. |
Motilal Oswal Consumption 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 |
|---|---|---|---|---|---|---|---|
| Motilal Oswal Consumption Fund (Direct) | −2.50% | +0.67% | +18.50% | +9.51% | -- | -- | -- |
| 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.
Motilal Oswal Consumption vs Union Consumption: Year-wise Returns
| Year | Motilal OswalMotilal Oswal Consumption | UnionUnion Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | +11.63% | −4.69% | −9.10% |
Motilal Oswal Consumption vs Union Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Motilal Oswal Consumption vs Union Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Motilal Oswal Consumption Fund (Direct) | Union Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.99% | −5.20% |
| Standard deviation | 17.53% | 15.32% |
| Sharpe ratio | 0.10 | -0.68 |
| Sortino ratio | 0.14 | -0.91 |
| Maximum drawdown | −20.3% (23-03-2026) | −16.8% (30-03-2026) |
| Beta | 0.97 | 0.91 |
| Alpha | +17.61% | +3.54% |
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.
Motilal Oswal Consumption Fund (Regular)
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 |
|---|---|---|---|---|---|---|
| Motilal Oswal Consumption Fund (Regular) | −18.6% | 05-01-2026 | 23-03-2026 | 01-07-2026 | 3 months | −5.6% |
| 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.
Motilal Oswal Consumption vs Union Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Motilal Oswal Consumption Fund, September 2026; Union Consumption Fund, September 2026
Holdings in common
- Overlap
- 33.3%
- Held by both
- 14
- Only in Motilal Oswal Consumption
- 20
- Only in Union Consumption
- 34
| Security | % of Motilal Oswal Consumption | % of Union Consumption |
|---|---|---|
| Bharti Airtel Limited | 6.91% | 7.05% |
| Eternal Limited | 5.60% | 7.22% |
| Mahindra & Mahindra Limited | 4.35% | 5.27% |
| Varun Beverages Ltd | 2.75% | 3.79% |
| One 97 Communications Limited | 4.59% | 2.60% |
| Shiprocket Limited | 2.04% | 1.97% |
| TVS Motor Company Limited | 2.87% | 1.65% |
| Lenskart Solutions Limited | 2.38% | 1.59% |
| Radico Khaitan Limited | 1.58% | 3.30% |
| Hindustan Unilever Limited | 1.47% | 1.95% |
| Meesho Ltd | 2.23% | 1.45% |
| Milky Mist Dairy Food Limited | 1.32% | 0.81% |
| Dixon Technologies (India) Limited | 1.47% | 0.42% |
| Sky Gold And Diamonds Limited | 5.63% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.3% means 33.3% 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 Motilal Oswal Consumption Fund
| Security | % of fund |
|---|---|
| Kalyan Jewellers India Limited | 5.17% |
| Healthcare Global Enterprises Limited | 4.89% |
| Allied Blenders And Distillers Limited | 3.86% |
| SPR Auto Technologies Ltd | 3.54% |
| Wework India Management Limited | 3.17% |
Largest holdings only in Union Consumption Fund
| Security | % of fund |
|---|---|
| Maruti Suzuki India Ltd. | 4.78% |
| Trent Ltd. | 3.65% |
| Titan Company Ltd. | 3.63% |
| LG Electronics India Ltd. | 2.94% |
| FSN E-Commerce Ventures Ltd. | 2.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Motilal Oswal Consumption | Union Consumption |
|---|---|---|
| Equity | 96.7% | 98.7% |
| Debt | 0.0% | 0.1% |
| Cash and others | 3.3% | 1.2% |
Market cap of stocks
| Market cap | Motilal Oswal Consumption | Union Consumption |
|---|---|---|
| Large Cap | 25.5% | 50.1% |
| Mid Cap | 17.4% | 25.4% |
| Small Cap | 44.5% | 20.4% |
| Not on AMFI's list | 9.3% | 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 | Motilal Oswal Consumption | Union Consumption |
|---|---|---|
| Retailing | 16.5% | 19.9% |
| Consumer Durables | 17.3% | 13.0% |
| Automobiles | 7.2% | 15.2% |
| Commercial Services & Supplies | 8.2% | 0.0% |
| Beverages | 8.2% | 7.1% |
| Auto Components | 7.7% | 0.8% |
| Telecom - Services | 6.9% | 7.0% |
| Agricultural Food & other Products | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Motilal Oswal Consumption vs Union Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Motilal Oswal Consumption Fund | Union Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 1.37% |
| Base expense ratio (Direct) | 0.48% | 0.94% |
| Total expense ratio (Regular) | 2.34% | 2.69% |
| Base expense ratio (Regular) | 1.89% | 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 Motilal Oswal Consumption with
Motilal Oswal Consumption Fund vs Union Consumption Fund: Frequently Asked Questions
What is the difference between Motilal Oswal Consumption Fund and Union Consumption Fund?
Motilal Oswal Consumption Fund is a Thematic fund, Union Consumption Fund is a Thematic fund, run by Motilal Oswal Mutual Fund and Union Mutual Fund. Their portfolios overlap 33.3%. Motilal Oswal Consumption Fund charges 0.85% a year and Union Consumption Fund 1.37%.
Which has the lower expense ratio, Motilal Oswal Consumption Fund or Union Consumption Fund?
Motilal Oswal Consumption Fund charges less: 0.85% a year against 1.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Motilal Oswal Consumption Fund and Union Consumption Fund overlap?
33.3%. They hold 14 of the same securities, the largest shared ones being BHARTIARTL, ETERNAL, M&M. From each fund's latest monthly portfolio.
Which is riskier, Motilal Oswal Consumption Fund or Union Consumption Fund?
On SEBI's riskometer, Motilal Oswal Consumption Fund is rated Very High and Union Consumption Fund Very High. Over their common history, the standard deviation of daily returns was 17.53% and 15.32% a year.
Can I invest in both Motilal Oswal Consumption Fund and Union Consumption Fund?
Yes. 33.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Motilal Oswal Consumption Fund and Union Consumption Fund?
Motilal Oswal Consumption Fund: Aliasgar Shakir, Varun Sharma, Rakesh Shetty, Swapnil Mayekar. 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.