Axis Consumption Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Axis Consumption Fund Direct Growth Plan is at a NAV of ₹9.37 as of 10 September 2026, with scheme AUM of ₹2,615 Cr. Its 1-year, 3-year and 5-year returns are -6.49%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that this is a young consumption-focused equity scheme that has not yet built a long performance history, so the current read is driven more by recent behaviour and portfolio structure than by any long record of compounding.
The benchmark comparison is mixed: recent 1-month and 3-month patterns are close to the index, but the 1-year outcome trails a broad-market benchmark. That makes this a fund for investors who want a focused consumer-theme exposure and can accept a higher-variability profile, rather than those looking for a smoother or already-established long-term return pattern.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.37 as of 10 Sep 2026 |
| AUM | ₹2,615 Cr |
| Expense Ratio | 0.53% |
| Launch Date | 12 Sep 2024 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | NIL for 10% of investment and 1% for remaining investment on or before 90D, Nil after 90D |
| Fund Managers | Hitesh Das, Jayesh Sundar, Krishnaa N |
The fund is managed by Hitesh Das, Jayesh Sundar and Krishnaa N.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.68% | -4.06% |
| 3M | 5.88% | 1.37% |
| 1Y | -6.49% | -7.31% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The latest three-month stretch is the clearest positive point in the record so far. The fund gained 5.88% over 3 months, which is well ahead of the benchmark’s 1.37%, suggesting that it can participate strongly when the consumption basket moves in its favour.
The shorter 1-month reading is weaker, at -4.68% versus -4.06% for the benchmark. That tells us the fund is still sensitive to near-term swings, even though its three-month rebound has been stronger than the index.
Over 1 year, the fund is down 6.49%, but the benchmark is down 7.31%, so the scheme has held up a little better than the broad index on that horizon. Because the fund was launched only in September 2024, there is no meaningful 3-year or 5-year return history yet, so the longer-run story cannot be judged from a full cycle. For now, the pattern looks like a newer thematic equity fund with uneven month-to-month movement and a modest edge over the benchmark over the 1-year period.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Axis Consumption?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Axis Consumption? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Axis Consumption Fund Direct Growth Plan | -6.49% | Data not available | Data not available |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 73.94% | 37.12% | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 29.94% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 29.26% | Data not available | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 28.3% | Data not available | Data not available |
| SBI Automotive Opportunities Fund Direct Growth Plan | 27.13% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The 1-year figure is softer than the strongest peer returns in this group, while the fund’s own three-month rebound is still a useful sign that recent momentum can improve. Because the fund has no 3-year or 5-year history yet, the peer set tells a more mature-growth story than this scheme can currently match on long-horizon numbers. On the available evidence, the main contrast is between a new fund still proving itself and peers that already show deeper one-year and medium-term compounding records.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Bharti Airtel Limited | Telecom | 8.8% |
| Eternal Limited | Retailing | 7.92% |
| Mahindra & Mahindra Limited | Automobile & Ancillaries | 6.98% |
| Titan Company Limited | Diamond & Jewellery | 6.45% |
| Maruti Suzuki India Limited | Automobile & Ancillaries | 4.77% |
| Apollo Hospitals Enterprise Limited | Healthcare | 3.71% |
| Asian Paints Limited | Chemicals | 3.47% |
| Interglobe Aviation Limited | Aviation | 3.16% |
| Hindustan Unilever Limited | FMCG | 2.65% |
| TVS Motor Company Limited | Automobile & Ancillaries | 2.49% |
The largest holding, Bharti Airtel Limited, accounts for 8.8% of the fund. That is meaningful, but not extreme, and it sets the tone for a portfolio that still leaves room for several other large positions to matter.
Weight drops fairly steadily from there: the tenth holding stands at 2.49%, so the largest position is only about 6.31 percentage points ahead of the tenth. That gap suggests the portfolio is not dominated by one outsized stock, even though the top few names do carry clear influence.
The top 10 holdings together account for approximately 50.4% of the portfolio, and the fund discloses 50 holdings in total. That points to a mixed structure: the listed core is fairly concentrated, but there is also a longer tail of smaller positions that may help spread company-specific risk beyond the biggest names. To see all holdings, visit the Axis Consumption Fund Direct Growth Plan page
Source data date: as of 10 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk equity exposure and can stay invested long enough for a consumption theme to play out. The recent 3-month improvement shows the fund can recover well in the right market phase, but the 1-year result is still negative, so short holding periods may not be suitable.
Compared with the benchmark, the fund has been slightly better over 1 year but weaker over the most recent month, which reinforces that returns may be uneven. Investors who want a focused consumer tilt and can tolerate swings in performance may find the structure interesting; investors who want a steadier track record or already-developed long-term return history may prefer to wait for more evidence.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
The exit load is NIL for 10% of the investment and 1% for the remaining investment if units are sold on or before 90 days. There is no exit load after the holding period.
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Axis Consumption Fund Direct Growth Plan?
The current NAV is ₹9.37 as of 10 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -6.49%, while its 3-year and 5-year returns are Data not available because the scheme does not yet have a full track record for those periods.
How has the fund performed against the benchmark?
Over 1 year, the fund is down 6.49% versus a benchmark decline of 7.31%. Over 3 months, it has gained 5.88% against 1.37% for the benchmark, while the 1-month figure is -4.68% versus -4.06%.
How does it compare with the peer funds listed here?
Its 1-year return trails the strongest peer figures in the list, while its 3-year and 5-year comparisons are not available yet. That makes the current comparison more about a newer scheme testing its short-term momentum than about a long established return record.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the risk profile and exit load structure?
The fund is in the High Risk category. The exit load is NIL for 10% of the investment and 1% for the remaining investment if units are sold on or before 90 days, and there is no exit load after that holding period.
Bottom line
Axis Consumption Fund Direct Growth Plan shows a mixed but understandable early record: the latest 3-month stretch is stronger than the benchmark, while the 1-year result is still negative and the longer-term track record is not yet built out. Against the listed peers, the 1-year return is well behind the stronger numbers in the group. The portfolio is led by a few meaningful positions, but it still has a broader tail of holdings, which may help diversify single-stock risk within a focused consumption theme. It suits investors who can accept High Risk volatility and a developing performance history.
Published on 11 September 2026 at 4:26 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.