October 19, 2025
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Peer-comparison of leading consumption-theme direct fund
Here’s a peer-comparison of leading consumption-theme direct funds to give context to the new LIC MF Consumption Fund Direct‑Growth NFO.
| Fund | 3-Year Annualised Return* | 5-Year Annualised Return* | Notes |
|---|---|---|---|
| Nippon India Consumption Fund Direct Growth | ~18.26 | ~ 25.60 | Long track record, strong 5-yr out-performance. |
| Baroda BNP Paribas India Consumption Fund Direct Growth | ~ 18.92% | ~ 22.21% | Good mid-tier performer in consumption theme. |
| Tata India Consumer Fund Direct Growth | ~ 20.55% | ~ 22.62% | Slightly higher 3-yr return. |
| Aditya Birla Sun Life Consumption Fund Direct Growth | ~ 17.42% | ~ 22.32% | Solid, but slightly trailing peers. |
*Returns as reported in sources; past performance doesn’t guarantee future results.
Key take-aways from the comparison:
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The consumption thematic category has several funds with 5-year returns in the ~22-26% range.
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The new LIC MF scheme will need to deliver strong performance and stand the test of time to match these.
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These peers already have track records, which the new fund lacks (as it’s an NFO).
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Because thematic funds are more volatile (and benchmark returns show this) one should compare risk along with return.
Conclusion for the new LIC MF Consumption Fund NFO:
If you are considering the LIC MF scheme, you should view it against these existing funds. If LIC MF’s fund managers execute well and the consumption theme holds up, there is potential. But because it is new, it carries higher execution & theme‐risk.