May 16, 2026
RA Jainee
Bajaj Finserv Consumption Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 8.94 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 8.94 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY India Consumption TRI |
| AUM Rs. | 615 Cr |
| (As on 30-Apr-2026) | |
| Expense | 2.53% |
| 1 Year Return (%) | -5.53 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -7.35% |
⚖️ Sahifund Review – Bajaj Finserv Consumption Fund ✔
PLUS:
✓ Backed by the growing financial services ecosystem and expanding AMC presence of Bajaj Finserv Mutual Fund.
✓ Consumption theme remains structurally attractive due to rising incomes, urbanisation and premium spending trends in India.
✓ Portfolio of 55 stocks offers reasonable diversification across consumer-facing businesses and related sectors.
✓ Nearly 39% allocation to small-cap stocks can generate strong alpha during consumption-led bull market phases.
✓ Top 10 holdings at 38.66% indicate balanced diversification without excessive dependence on a few companies.
✓ Suitable mainly for aggressive SIP investors looking for thematic exposure to India’s domestic consumption growth story.
✓ Low minimum SIP amount improves accessibility for retail investors building long-term thematic allocations.
MINUS:
⚖️ Expense ratio of 2.53% is extremely high compared to competing consumption-oriented mutual funds.
⚖️ Return since launch of -7.35% and 1-year return of -5.53% reflect weak execution and poor recent momentum.
⚖️ Fund has significantly underperformed several peers including Tata, ICICI Prudential and Mirae Asset consumption funds.
⚖️ Portfolio P/E of 45.56 indicates expensive valuations and elevated expectations from underlying companies.
⚖️ Fund is relatively new with limited operating history across different market and economic cycles.
⚖️ Sector concentration remains high with top 3 sectors accounting for nearly 79% exposure.
⚖️ Consumption themes can underperform sharply during inflationary environments and weak discretionary spending cycles.
Sahifund View (Decisive Line):
Bajaj Finserv Consumption Fund currently appears more suitable for high-risk experimental SIP investors, while established diversified flexi-cap and proven consumption funds offer better long-term risk-reward balance for most investors.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Consumption funds are suitable for investors:
1. Seeking exposure in shares of consumer facing companies for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to generate long term capital appreciation by predominantly investing in equity and equity related securities of companies that are likely to benefit directly or indirectly from the domestic consumption led demand.
Fund Manager:
1) Sayan Das Sharma
Education: B.sc, MBA in Finance and HR
Experience: Perior to joining the Bajaj Finserv AMC, he was associated with Arthya Wealth and Investments Pvt. Ltd, Bank Of Baroda Capital Markets Limited, CRISIL Ltd.
2) Sorbh Gupta
Education: Mr. Gupta is a B.Com, CA and CFA.
Experience: Prior to joining Bajaj Finserv Mutual Fund, he was associated with Quantum Mutual Fund, Siddhesh Capital Markets Pvt. Ltd. & Pranav Securities Pvt. Ltd. He has over 11 years of overall experience in the equity research.
3) Siddharth Chaudhary
Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
Experience: Prior to joining Bajaj Finserv Mutual Fund, he has worked with Sundaram Mutual Fund and Indian Bank.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 3 months |
Basic Details of Bajaj Finserv Consumption Fund
| Fund House | Bajaj Finserv Mutual Fund |
| Launch Date | 29-Nov-24 |
| Return Since Launch | -7.35% |
| Benchmark | NIFTY India Consumption TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 615 Cr |
| (As on 30-Apr-2026) | |
| Expense | 2.53% |
| (As on 30-Apr-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Bajaj Finserv Consumption Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bajaj Finserv Consumption Dir | -6.62 | 0.79 | 2.33 | -2.03 | -9.40 | -5.53 | — | — | — | — |
| BSE 500 TRI | -5.41 | 1.01 | 1.83 | -3.12 | -5.20 | 1.05 | — | — | — | — |
| Equity: Thematic-Consumption | -6.54 | 1.05 | 3.10 | -2.86 | -7.55 | -2.29 | — | — | — | — |
| Rank within category | 12 | 25 | 20 | 7 | 22 | 19 | — | — | — | — |
| Number of funds in category | 28 | 31 | 31 | 30 | 26 | 24 | 11 | 11 | 11 | 8 |
Peer Comparison of Bajaj Finserv Consumption Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bajaj Finserv Consumption Dir | Unrated | -5.53 | — | — | 2.53 | 615 | -7.35 | 1.00 (90) | 1Y 5M | — |
| Mirae Asset Great Consumer Dir | 4 out of 5 stars | -1.55 | 13.69 | 15.56 | 0.49 | 4,455 | 16.59 | 1.00 (365) | 13Y 4M | 45.00 |
| ICICI Pru Bharat Consumption Dir | 5 out of 5 stars | -0.92 | 14.10 | 15.69 | 1.58 | 3,065 | 14.35 | 1.00 (90) | 7Y 1M | 69.00 |
| Tata India Consumer Dir | 4 out of 5 stars | 3.82 | 17.59 | 16.78 | 0.78 | 2,591 | 17.03 | 0.25 (30) | 10Y 4M | 59.49 |
| Nippon India Consumption Dir | 4 out of 5 stars | -4.81 | 13.49 | 16.49 | 0.69 | 2,443 | 13.17 | 1.00 (30) | 13Y 4M | 41.00 |
Bajaj Finserv Consumption Fund Portfolio
| No. of Stocks | 55 |
| Top 10 Stocks | 38.66% |
| Top 5 Stocks | 23.46% |
| Top 3 Sectors | 79.09% |
| Portfolio P/B Ratio | 6.14 |
| Portfolio P/E Ratio | 45.56 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 71,227 | 1,47,106 |
| Giant (%) | — | — |
| Large (%) | 48.31 | 64.48 |
| Mid (%) | 12.31 | 18.05 |
| Small (%) | 39.38 | 22.28 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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