Tata India Consumer Fund vs Union Consumption Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata India Consumer Fund is a Thematic fund and Union Consumption Fund is a Thematic fund. Tata India Consumer Fund charges 0.93% a year and Union Consumption Fund 1.37% (Direct plans). Their portfolios overlap 39.9%: they hold 18 of the same securities.
Which is better, Tata India 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.
- Tata India Consumer costs less: 0.93% a year against 1.37% (Direct plans).
- Tata India Consumer fell less in its worst fall since 26-12-2025: −15.2% against −16.8%.
- Tata India Consumer is the larger fund: ₹2,723 Cr against ₹314 Cr.
- Their portfolios overlap 39.9%: 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 | Tata India Consumer Fund | Union Consumption Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | Union Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,723 Cr (30-09-2026) | ₹314 Cr (30-09-2026) |
| NAV | ₹52.04 (Direct) | ₹9.56 (Direct) |
| Expense ratio (Direct) | 0.93% | 1.37% |
| Expense ratio (Regular) | 2.13% | 2.69% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty India Consumption TRI |
| Launch date | 28-12-2015 | 22-12-2025 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sonam Udasi, Aditya Bagul | Vinod Malviya, Sanjay Bembalkar |
| Exit load | 0.25% of NAV if redeemed /switched out before 30 days from the date of allotment. | Exit load of 1%, if redeemed within 1 Year. |
Tata India 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 |
|---|---|---|---|---|---|---|---|
| Tata India Consumer Fund (Direct) | −2.31% | −6.20% | +2.16% | −3.17% | +13.07% | +12.46% | +16.14% |
| 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.
Tata India Consumer vs Union Consumption: Year-wise Returns
| Year | Tata India ConsumerTata India Consumer | Union ConsumptionUnion Consumption | Nifty India Consumption TRI |
|---|---|---|---|
| 2026to date | −0.93% | −4.69% | −9.10% |
| 2025 | −0.88% | -- | +9.22% |
| 2024 | +28.28% | -- | +19.77% |
| 2023 | +37.48% | -- | +27.96% |
| 2022 | +2.38% | -- | +8.53% |
| 2021 | +29.19% | -- | +20.82% |
Tata India Consumer vs Union Consumption: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of both
Tata India Consumer vs Union Consumption: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata India Consumer Fund (Direct) | Union Consumption Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.39% | −5.20% |
| Standard deviation | 15.19% | 15.32% |
| Sharpe ratio | 0.72 | -0.68 |
| Sortino ratio | 1.00 | -0.91 |
| Maximum drawdown | −32.5% (23-03-2020) | −16.8% (30-03-2026) |
| Beta | 0.90 | 0.91 |
| Alpha | +4.86% | +3.54% |
From daily NAVs, 29-12-2015 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.
Tata India 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 |
|---|---|---|---|---|---|---|
| Tata India Consumer Fund (Direct) | −15.2% | 31-12-2025 | 31-03-2026 | 17-06-2026 | 3 months | −8.9% |
| 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.
Tata India Consumer vs Union Consumption: Portfolio Overlap
From each fund's latest monthly portfolio: Tata India Consumer Fund, September 2026; Union Consumption Fund, September 2026
Holdings in common
- Overlap
- 39.9%
- Held by both
- 18
- Only in Tata India Consumer
- 17
- Only in Union Consumption
- 30
| Security | % of Tata India Consumer | % of Union Consumption |
|---|---|---|
| ETERNAL LTD | 9.73% | 7.22% |
| VARUN BEVERAGES LTD | 4.15% | 3.79% |
| TITAN COMPANY LTD | 6.91% | 3.63% |
| RADICO KHAITAN LTD | 5.54% | 3.30% |
| LG ELECTRONICS INDIA LTD | 2.98% | 2.94% |
| ATHER ENERGY LTD | 4.00% | 2.70% |
| MARUTI SUZUKI INDIA LTD | 2.57% | 4.78% |
| TATA CONSUMER PRODUCTS LTD | 3.67% | 2.34% |
| BHARTI AIRTEL LTD | 1.86% | 7.05% |
| CARTRADE TECH LTD | 4.98% | 1.49% |
| ITC LTD | 3.13% | 1.42% |
| MAHINDRA & MAHINDRA LTD | 1.36% | 5.27% |
| DR. LAL PATH LABS LTD | 1.31% | 2.15% |
| METRO BRANDS LTD | 1.26% | 1.45% |
| DOMS INDUSTRIES LTD | 2.16% | 1.12% |
| ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 1.01% | 0.82% |
| DIXON TECHNOLOGIES (INDIA) LTD | 1.95% | 0.42% |
| NESTLE INDIA LTD | 5.71% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.9% means 39.9% 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 Tata India Consumer Fund
| Security | % of fund |
|---|---|
| UNITED SPIRITS LTD | 3.49% |
| BAJAJ AUTO LTD | 2.87% |
| BIKAJI FOODS INTERNATIONAL LTD | 2.50% |
| MULTI COMMODITY EXCHANGE OF IND LTD | 2.32% |
| ENDURANCE TECHNOLOGIES LTD | 2.02% |
Largest holdings only in Union Consumption Fund
| Security | % of fund |
|---|---|
| Trent Ltd. | 3.65% |
| FSN E-Commerce Ventures Ltd. | 2.85% |
| Zydus Wellness Ltd. | 2.83% |
| Honasa Consumer Ltd. | 2.67% |
| One 97 Communications Ltd. | 2.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata India Consumer | Union Consumption |
|---|---|---|
| Equity | 91.0% | 98.7% |
| Debt | 0.0% | 0.1% |
| Cash and others | 9.0% | 1.2% |
Market cap of stocks
| Market cap | Tata India Consumer | Union Consumption |
|---|---|---|
| Large Cap | 45.6% | 50.1% |
| Mid Cap | 19.7% | 25.4% |
| Small Cap | 24.6% | 20.4% |
| Not on AMFI's list | 1.1% | 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 | Tata India Consumer | Union Consumption |
|---|---|---|
| Retailing | 16.8% | 19.9% |
| Consumer Durables | 18.0% | 13.0% |
| Automobiles | 10.8% | 15.2% |
| Beverages | 13.2% | 7.1% |
| Food Products | 8.2% | 4.0% |
| Telecom - Services | 1.9% | 7.0% |
| Capital Markets | 6.0% | 1.6% |
| Agricultural Food & other Products | 3.7% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Tata India Consumer vs Union Consumption: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata India Consumer Fund | Union Consumption Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 1.37% |
| Base expense ratio (Direct) | 0.64% | 0.94% |
| Total expense ratio (Regular) | 2.13% | 2.69% |
| Base expense ratio (Regular) | 1.69% | 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 Tata India Consumer with
Tata India Consumer Fund vs Union Consumption Fund: Frequently Asked Questions
What is the difference between Tata India Consumer Fund and Union Consumption Fund?
Tata India Consumer Fund is a Thematic fund, Union Consumption Fund is a Thematic fund, run by Tata Mutual Fund and Union Mutual Fund. Their portfolios overlap 39.9%. Tata India Consumer Fund charges 0.93% a year and Union Consumption Fund 1.37%.
Which has the lower expense ratio, Tata India Consumer Fund or Union Consumption Fund?
Tata India Consumer Fund charges less: 0.93% a year against 1.37%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata India Consumer Fund and Union Consumption Fund overlap?
39.9%. They hold 18 of the same securities, the largest shared ones being ETERNAL, VBL, TITAN. From each fund's latest monthly portfolio.
Which is riskier, Tata India Consumer Fund or Union Consumption Fund?
On SEBI's riskometer, Tata India Consumer Fund is rated Very High and Union Consumption Fund Very High. Over their common history, the standard deviation of daily returns was 15.19% and 15.32% a year.
Can I invest in both Tata India Consumer Fund and Union Consumption Fund?
Yes. 39.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Tata India Consumer Fund and Union Consumption Fund?
Tata India Consumer Fund: Sonam Udasi, Aditya Bagul. 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.