HDFC Consumption Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
HDFC Consumption Fund Direct Growth Plan is priced at ₹13.985 as of 17 Sep 2026, and its scheme AUM stands at ₹1,022 Cr. Its 1-year, 3-year and 5-year returns are -9.49%, 10.05% and 0%, and it sits in the High Risk bucket.
Our view is that this is a category-style equity option for investors who can tolerate uneven near-term outcomes in pursuit of a consumption-led portfolio theme. The fund has shown a weak 1-year stretch but a better 3-year pattern, while the holdings mix suggests a concentrated, large-position approach rather than a broadly spread portfolio.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.985 as of 17 Sep 2026 |
| AUM | ₹1,022 Cr |
| Expense Ratio | 1.04% |
| Launch Date | 12 Jul 2023 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 30D, Nil after 30D |
| Fund Managers | Amit Sinha |
The fund is managed by Amit Sinha.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.99% | -3.66% |
| 3M | 0.92% | -3.71% |
| 1Y | -9.49% | -7.13% |
| 3Y | 10.05% | 5.82% |
| 5Y | Data not available | Data not available |
The recent pattern has been mixed. Over 1 month, the fund was slightly weaker than the benchmark, but over 3 months it recovered while the benchmark stayed negative. That tells us the portfolio can move differently from the index in shorter windows, which may be useful when consumption-led ideas regain favour, but it also means the ride can be uneven.
The 1-year figure is still negative, and it sits below the benchmark on that horizon. That matters because it shows the fund has not yet fully converted its theme exposure into steady trailing-year gains. Investors looking at the latest year would need to accept that the fund can lag even when the broader market benchmark is also soft.
The 3-year return is stronger than the benchmark, which is the clearest evidence of better medium-term compounding. At the same time, the 5-year figure is not available, so we do not have a full long-horizon record to judge through a complete market cycle. Our reading is that the fund has recently improved relative to its own weaker 1-year stretch, but it still needs a longer public history before the longer-term picture feels settled.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD HDFC 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 HDFC Consumption? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| HDFC Consumption Fund Direct Growth Plan | -9.49% | 10.05% | Data not available |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 69.8% | 36.32% | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 25.31% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 25.27% | Data not available | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 24.51% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 22.75% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund’s 1-year return is weaker than all five comparison funds listed here, but its 3-year return is firmer than the peers that have no 3-year figure available. That creates a split picture: the short-term record is subdued, while the medium-term record is more respectable. We therefore read the fund as one that has not matched the strongest recent peer outcomes, yet has still produced a better 3-year result than its own 1-year backdrop suggests.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ETERNAL LIMITED | Retailing | 10.59% |
| MAHINDRA & MAHINDRA LTD. | Automobile & Ancillaries | 8.57% |
| HINDUSTAN UNILEVER LTD. | FMCG | 7.22% |
| BHARTI AIRTEL LTD. | Telecom | 5.02% |
| VISHAL MEGA MART LIMITED | Domestic Equities | 4.08% |
| MARUTI SUZUKI INDIA LIMITED | Automobile & Ancillaries | 3.83% |
| BAJAJ AUTO LIMITED | Automobile & Ancillaries | 3.79% |
| GODREJ CONSUMER PRODUCTS LTD. | FMCG | 3.66% |
| UNITED SPIRITS LIMITED | Alcohol | 3.35% |
| TITAN COMPANY LTD. | Diamond & Jewellery | 3.34% |
The largest holding, Eternal Limited, stands at 10.59%, which is large enough to matter meaningfully to day-to-day NAV movement. The gap from that position to the tenth holding, Titan Company Ltd. at 3.34%, is wide, so the portfolio is not evenly distributed across the top names.
The top three holdings alone are each above 7%, and the first seven holdings all remain above 3.5%. That pattern suggests the fund may be more sensitive to a handful of consumer and consumption-adjacent names than to any single broad market move. It also means stock selection within the theme could have a noticeable impact on returns.
The top 10 holdings account for approximately 53.45% of the portfolio, and the fund discloses 42 holdings in total. So while the visible part of the book is concentrated, there is still a longer tail beyond the largest positions. Our reading is that the fund blends a meaningful core of higher-conviction names with a wider set of smaller holdings that may help balance the overall exposure.
To see all holdings, visit the HDFC Consumption Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who can tolerate high day-to-day volatility and are comfortable with a theme-led equity portfolio. The 1-year record is weak, but the 3-year number is better and the portfolio is built around a concentrated set of consumption-oriented names, which can make returns more sensitive to stock-specific and sector-specific moves.
A longer investment horizon is important here, because the shorter window has been uneven while the medium-term trend is healthier. The main trade-off is that you are accepting a high-risk profile and a potentially bumpy path in exchange for exposure to a focused consumption style that may perform differently from the benchmark.
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 |
Exit load: 1% if units are sold within 30 days; nil after 30 days.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of HDFC Consumption Fund Direct Growth Plan?
Its NAV is ₹13.985 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -9.49%, its 3-year return is 10.05%, and its 5-year return is Data not available.
How does it compare with the benchmark?
It has lagged the Nifty 50 over 1 year, but it has done better than the benchmark over 3 years. The 3-month figure is also positive while the benchmark is negative.
How does it compare with the peer funds listed here?
Its 1-year return is below the peer figures shown, while its 3-year return is better than the comparison funds that do not have a 3-year figure available. The short-term and medium-term comparisons tell different stories.
Is there a minimum SIP amount?
The fund allows SIPs, but no minimum SIP amount is disclosed here.
Who manages the fund and what is the exit load?
Amit Sinha manages the fund. The exit load is 1% if units are sold within 30 days and nil after 30 days.
Bottom line
HDFC Consumption Fund Direct Growth Plan has a weaker 1-year record but a better 3-year showing, so the recent path and the medium-term path do not look the same. Against the comparison funds listed here, the short-term outcome is softer, while the portfolio’s concentrated top holdings give it a more focused character. The High Risk profile and consumption theme make it a better fit for investors who can stay patient through swings and want a specialised equity allocation rather than a broad market substitute.
Published on 18 September 2026 at 1:46 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.