Nippon India Consumption Fund vs SBI Consumption Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Consumption Fund is a Thematic fund and SBI Consumption Opportunities Fund is a Thematic fund. In the 3 years to 30-10-2026, Nippon India Consumption Fund (Direct) returned 8.5% a year and SBI Consumption Opportunities Fund (Direct) returned 3.8% a year. Nippon India Consumption Fund charges 0.91% a year and SBI Consumption Opportunities Fund 1.17% (Direct plans). Their portfolios overlap 45.3%: they hold 21 of the same securities.
Nippon India Consumption Fund
Thematic
- 3 year return
- 8.5%
- Expense ratio
- 0.91%
- NAV
- ₹204.46
SBI Consumption Opportunities Fund
Thematic
- 3 year return
- 3.8%
- Expense ratio
- 1.17%
- NAV
- ₹299.44
Which is better, Nippon India Consumption or SBI Consumption Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Consumption returned more over 5 years: 10.8% a year against 9.4%.
- Nippon India Consumption returned more over 3 years: 8.5% a year against 3.8%.
- Nippon India Consumption costs less: 0.91% a year against 1.17% (Direct plans).
- Nippon India Consumption swung less over 3 years: a standard deviation of 13.1% a year against 13.2%.
- Nippon India Consumption fell less in its worst fall since 08-01-2013: −31.0% against −35.4%.
- Nippon India Consumption holds more in large companies: 69.1% of the fund in large caps against 45.6%.
- SBI Consumption Opportunities is the larger fund: ₹2,642 Cr against ₹2,255 Cr.
- Their portfolios overlap 45.3%: 21 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 | Nippon India Consumption Fund | SBI Consumption Opportunities Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,255 Cr (30-09-2026) | ₹2,642 Cr (30-09-2026) |
| NAV | ₹204.46 (Direct) | ₹299.44 (Direct) |
| Expense ratio (Direct) | 0.91% | 1.17% |
| Expense ratio (Regular) | 2.20% | 2.17% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 30-09-2004 | 05-07-1999 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Kinjal Desai | Ashit Desai |
| Exit load | Exit load of 1% if redeemed within 1 month. | Exit load of 0.10% if redeemed within 30 days. |
Nippon India Consumption vs SBI Consumption Opportunities: 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Consumption Fund (Direct) | −1.62% | −8.78% | −2.35% | −11.34% | +8.47% | +10.81% | +12.40% |
| SBI Consumption Opportunities Fund (Direct) | −3.58% | −11.30% | −9.89% | −16.80% | +3.80% | +9.36% | +12.93% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Nippon India Consumption vs SBI Consumption Opportunities: Year-wise Returns
| Year | Nippon India ConsumptionNippon India Consumption | SBI Consumption OpportunitiesSBI Consumption Opportunities | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −9.20% | −14.65% | −9.10% |
| 2025 | +4.47% | −5.31% | +9.22% |
| 2024 | +20.27% | +24.17% | +19.77% |
| 2023 | +28.29% | +31.34% | +27.96% |
| 2022 | +15.71% | +15.06% | +8.53% |
| 2021 | +33.19% | +37.03% | +20.82% |
Nippon India Consumption vs SBI Consumption Opportunities: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,662 of them, one for each trading day from 08-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Nippon India Consumption Fund (Direct)
SBI Consumption Opportunities Fund (Direct)
Nifty India Consumption TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Consumption | 2.2 | 8.0 | 20.6 | 15.4 | 17.8 | 18.1 | 17.8 | 15.8% | 16.5% | −7.3% | 36.2% | 57% |
| SBI Consumption Opportunities | 2.7 | 5.7 | 9.1 | 16.7 | 38.0 | 13.1 | 14.6 | 17.0% | 17.4% | −3.3% | 38.5% | 69% |
| Nifty India Consumption TRI | 0.1 | 5.0 | 12.7 | 32.0 | 37.0 | 13.1 | 0.1 | 14.7% | 15.0% | −1.7% | 26.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty India Consumption TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 08-01-2013. Past returns do not promise future returns.
Nippon India Consumption vs SBI Consumption Opportunities: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ConsumptionNippon India Consumption Fund (Direct) | ₹16,60,000 | ₹44,87,894 | ₹28,27,894 | 13.4% |
| SBI Consumption OpportunitiesSBI Consumption Opportunities Fund (Direct) | ₹16,60,000 | ₹42,86,509 | ₹26,26,509 | 12.8% |
Nippon India ConsumptionNippon India Consumption Fund (Direct)
SBI Consumption OpportunitiesSBI Consumption Opportunities 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.
Nippon India Consumption vs SBI Consumption Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Consumption Fund (Direct) | SBI Consumption Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.34% | −16.80% |
| Standard deviation | 14.82% | 14.23% |
| Sharpe ratio | -1.12 | -1.55 |
| Sortino ratio | -1.47 | -2.00 |
| Maximum drawdown | −18.5% (31-03-2026) | −18.8% (23-10-2026) |
| Beta | 0.96 | 0.88 |
| Alpha | −1.39% | −8.08% |
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 | Nippon India Consumption Fund (Direct) | SBI Consumption Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.47% | +3.80% |
| Standard deviation | 13.07% | 13.16% |
| Sharpe ratio | 0.19 | -0.17 |
| Sortino ratio | 0.26 | -0.23 |
| Maximum drawdown | −23.9% (31-03-2026) | −27.4% (23-10-2026) |
| Beta | 0.90 | 0.84 |
| Alpha | −2.05% | −6.44% |
From daily NAVs, 30-10-2023 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.
| Measure | Nippon India Consumption Fund (Direct) | SBI Consumption Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.81% | +9.36% |
| Standard deviation | 13.07% | 13.06% |
| Sharpe ratio | 0.38 | 0.27 |
| Sortino ratio | 0.53 | 0.37 |
| Maximum drawdown | −23.9% (31-03-2026) | −27.4% (23-10-2026) |
| Beta | 0.88 | 0.82 |
| Alpha | +0.80% | −0.35% |
From daily NAVs, 29-10-2021 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 | Nippon India Consumption Fund (Direct) | SBI Consumption Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.59% | +13.85% |
| Standard deviation | 15.56% | 14.66% |
| Sharpe ratio | 0.42 | 0.53 |
| Sortino ratio | 0.58 | 0.72 |
| Maximum drawdown | −31.0% (23-03-2020) | −35.4% (24-03-2020) |
| Beta | 0.85 | 0.78 |
| Alpha | +0.59% | +2.34% |
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.
Nippon India Consumption Fund (Direct)
SBI Consumption Opportunities 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 |
|---|---|---|---|---|---|---|
| Nippon India Consumption Fund (Direct) | −31.0% | 13-02-2020 | 23-03-2020 | 18-08-2020 | 5 months | −17.2% |
| SBI Consumption Opportunities Fund (Direct) | −35.4% | 31-08-2018 | 24-03-2020 | 07-12-2020 | 8 months | −25.6% |
| Nifty India Consumption TRI | −31.2% | 28-08-2018 | 23-03-2020 | 12-11-2020 | 8 months | −13.4% |
From daily values since 08-01-2013, 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.
Nippon India Consumption Fund (Direct)
SBI Consumption Opportunities Fund (Direct)
Nifty India Consumption TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Nippon India Consumption Fund (Direct)
SBI Consumption Opportunities Fund (Direct)
Nifty India Consumption TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Nippon India Consumption Fund (Direct)
SBI Consumption Opportunities Fund (Direct)
Nifty India Consumption TRI
Against Nifty India Consumption TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Consumption Fund (Direct) | 97% | 96% | 9.38% |
| SBI Consumption Opportunities Fund (Direct) | 91% | 79% | 9.74% |
From month-end values since 08-01-2013. 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.
Nippon India Consumption vs SBI Consumption Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Consumption Fund, September 2026; SBI Consumption Opportunities Fund, September 2026
Holdings in common
- Overlap
- 45.3%
- Held by both
- 21
- Only in Nippon India Consumption
- 24
- Only in SBI Consumption Opportunities
- 28
| Security | % of Nippon India Consumption | % of SBI Consumption Opportunities |
|---|---|---|
| Eternal Limited | 8.04% | 5.75% |
| Mahindra & Mahindra Limited | 9.28% | 3.91% |
| Varun Beverages Limited | 3.50% | 3.82% |
| Asian Paints Limited | 3.43% | 4.78% |
| Britannia Industries Limited | 3.33% | 3.36% |
| Hindustan Unilever Limited | 6.52% | 3.02% |
| TVS Motor Company Limited | 3.64% | 2.72% |
| United Breweries Limited | 2.15% | 3.42% |
| Avenue Supermarts Limited | 1.87% | 1.87% |
| Maruti Suzuki India Limited | 1.85% | 2.94% |
| Bharti Airtel Limited | 1.79% | 3.16% |
| Titan Company Limited | 1.77% | 3.47% |
| Page Industries Limited | 1.66% | 3.56% |
| Trent Limited | 3.60% | 1.49% |
| Jubilant Foodworks Limited | 1.33% | 4.57% |
| Berger Paints (I) Limited | 1.16% | 3.60% |
| Westlife Foodworld Limited | 1.07% | 1.25% |
| Eicher Motors Limited | 1.05% | 2.98% |
| Swiggy Limited | 1.03% | 1.89% |
| Voltas Limited | 0.92% | 2.03% |
| Colgate Palmolive (India) Limited | 0.45% | 3.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.3% means 45.3% 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 Nippon India Consumption Fund
| Security | % of fund |
|---|---|
| Bajaj Auto Limited | 4.34% |
| InterGlobe Aviation Limited | 3.24% |
| FSN E-Commerce Ventures Limited | 2.91% |
| Bluestone Jewellery and Lifestyle Limited | 2.84% |
| Tata Consumer Products Limited | 2.73% |
Largest holdings only in SBI Consumption Opportunities Fund
| Security | % of fund |
|---|---|
| Doms Industries Ltd. | 2.54% |
| EIH Ltd. | 2.41% |
| Ganesha Ecosphere Ltd. | 2.08% |
| Hawkins Cookers Ltd. | 1.86% |
| Flair Writing Industries Ltd. | 1.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Consumption | SBI Consumption Opportunities |
|---|---|---|
| Equity | 99.5% | 95.9% |
| Debt | 0.0% | 0.1% |
| Cash and others | 0.5% | 4.0% |
Market cap of stocks
| Market cap | Nippon India Consumption | SBI Consumption Opportunities |
|---|---|---|
| Large Cap | 69.1% | 45.6% |
| Mid Cap | 16.6% | 20.2% |
| Small Cap | 13.8% | 27.7% |
| Not on AMFI's list | 0.0% | 2.4% |
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 | Nippon India Consumption | SBI Consumption Opportunities |
|---|---|---|
| Consumer Durables | 12.3% | 22.8% |
| Automobiles | 20.2% | 12.9% |
| Retailing | 17.6% | 15.7% |
| Leisure Services | 4.1% | 9.3% |
| Diversified FMCG | 8.5% | 3.0% |
| Beverages | 8.4% | 7.7% |
| Textiles & Apparels | 1.7% | 6.8% |
| Food Products | 6.3% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Consumption vs SBI Consumption Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Consumption Fund | SBI Consumption Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.91% | 1.17% |
| Base expense ratio (Direct) | 0.62% | 0.84% |
| Total expense ratio (Regular) | 2.20% | 2.17% |
| Base expense ratio (Regular) | 1.74% | 1.71% |
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 Nippon India Consumption with
Compare SBI Consumption Opportunities with
Nippon India Consumption Fund vs SBI Consumption Opportunities Fund: Frequently Asked Questions
What is the difference between Nippon India Consumption Fund and SBI Consumption Opportunities Fund?
Nippon India Consumption Fund is a Thematic fund, SBI Consumption Opportunities Fund is a Thematic fund, run by Nippon India Mutual Fund and SBI Mutual Fund. Their portfolios overlap 45.3%. Nippon India Consumption Fund charges 0.91% a year and SBI Consumption Opportunities Fund 1.17%.
Which has given higher returns, Nippon India Consumption Fund or SBI Consumption Opportunities Fund?
Over 1 year: Nippon India Consumption Fund −11.34%, SBI Consumption Opportunities Fund −16.80%. Over 3 years: Nippon India Consumption Fund +8.47% a year, SBI Consumption Opportunities Fund +3.80% a year. Over 5 years: Nippon India Consumption Fund +10.81% a year, SBI Consumption Opportunities Fund +9.36% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Consumption Fund or SBI Consumption Opportunities Fund?
Nippon India Consumption Fund charges less: 0.91% a year against 1.17%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Consumption Fund and SBI Consumption Opportunities Fund overlap?
45.3%. They hold 21 of the same securities, the largest shared ones being ETERNAL, M&M, VBL. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Consumption Fund or SBI Consumption Opportunities Fund?
On SEBI's riskometer, Nippon India Consumption Fund is rated Very High and SBI Consumption Opportunities Fund Very High. Over 3 years, the standard deviation of daily returns was 13.07% and 13.16% a year.
Which is better for SIP, Nippon India Consumption Fund or SBI Consumption Opportunities Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,36,365 in Nippon India Consumption Fund (XIRR 7.4% a year) and ₹6,61,939 in SBI Consumption Opportunities Fund (XIRR 3.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Consumption Fund and SBI Consumption Opportunities Fund?
Yes. 45.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Nippon India Consumption Fund and SBI Consumption Opportunities Fund?
Nippon India Consumption Fund: Kinjal Desai. SBI Consumption Opportunities Fund: Ashit Desai.
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.