April 2, 2026
RA Jainee
HSBC Consumption Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 12.89 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 12.89 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY India Consumption TRI |
| AUM Rs. | 1,685 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.03% |
| 1 Year Return (%) | -3.66 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 10.33% |
⚖️ Sahifund Review – HSBC Consumption Fund ✔
✓ PLUS: HSBC Consumption Fund offers exposure to one of India’s most compelling long-term themes — domestic consumption growth — and comes from the credible house of HSBC Mutual Fund. The portfolio is fairly diversified with 54 stocks, and the fund also maintains a low turnover of 17%, which reflects relatively stable portfolio management. Its allocation across large, mid and small caps gives it some growth balance, making it relevant for investors who want a thematic SIP exposure linked to India’s consumption story.
⚖️ MINUS: The fund is still very new, so there is no proven long-term track record yet, and its 1-year return of -3.66% remains uninspiring despite the strong theme. The expense ratio of 1.03% is not particularly attractive, while the portfolio also trades at rich valuations with elevated P/E and P/B multiples, which can limit upside if earnings disappoint. Since this is a sectoral/thematic fund, it can underperform diversified funds for long stretches, and the Top 3 sectors at 74.05% also indicate concentration risk.
Sahifund View:
A good theme with long-term relevance, but better treated as a limited SIP-based satellite allocation rather than a core equity fund.
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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 growth from an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities.
Fund Manager:
1) Anish Goenka
Education: Mr. Goenka has done B.Com and MBA
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T Mutual Fund and IIFL AMC
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 90 days |
Basic Details of HSBC Consumption Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 31-Aug-23 |
| Return Since Launch | 10.33% |
| Benchmark | NIFTY India Consumption TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 1,685 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.03% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 17.00% |
HSBC Consumption Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Consumption Dir | -15.20 | 0.00 | -9.98 | -15.20 | -14.46 | -3.66 | — | — | — | — |
| BSE 500 TRI | -13.94 | -2.28 | -11.37 | -13.94 | -9.62 | -3.11 | — | — | — | — |
| Equity: Thematic-Consumption | -15.59 | 0.00 | -10.51 | -15.59 | -14.92 | -5.94 | — | — | — | — |
| Rank within category | 8 | 24 | 8 | 8 | 9 | 8 | — | — | — | — |
| Number of funds in category | 27 | 30 | 30 | 27 | 23 | 23 | 10 | 10 | 9 | 7 |
Peer Comparison of HSBC 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 (%) | |
| HSBC Consumption Dir | Unrated | -3.66 | — | — | 1.03 | 1,685 | 10.33 | 1.00 (90) | 2Y 7M | 17.00 |
| Mirae Asset Great Consumer Dir | 4 star | -3.42 | 13.42 | 13.90 | 0.44 | 4,473 | 15.95 | 1.00 (365) | 13Y 3M | 48.00 |
| ICICI Pru Bharat Consumption Dir | 5 star | -5.00 | 12.55 | 13.64 | 1.14 | 3,093 | 12.96 | 1.00 (90) | 6Y 11M | 68.00 |
| Nippon India Consumption Dir | 4 star | -7.81 | 12.11 | 14.54 | 0.69 | 2,512 | 12.45 | 1.00 (30) | 13Y 3M | 41.00 |
| Baroda BNP Paribas India Consumption Dir | 4 star | -6.43 | 13.11 | 12.35 | 0.65 | 1,455 | 15.79 | 1.00 (365) | 7Y 6M | 57.00 |
HSBC Consumption Fund Portfolio
| No. of Stocks | 54 |
| Top 10 Stocks | 43.06% |
| Top 5 Stocks | 27.22% |
| Top 3 Sectors | 74.05% |
| Portfolio P/B Ratio | 7.59 |
| Portfolio P/E Ratio | 51.38 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 77,499 | 1,48,158 |
| Giant (%) | — | — |
| Large (%) | 43.69 | 64.53 |
| Mid (%) | 30.16 | 18.79 |
| Small (%) | 26.15 | 20.57 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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