Bajaj Finserv Consumption Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Consumption Fund Direct Growth Plan has a NAV of ₹9.352 as of 15 Sep 2026 and an AUM of ₹610 Cr. Its 1-year, 3-year and 5-year returns are -5.7%, 0% and 0%, and the scheme is tagged High Risk. Our view is that this is a consumption-oriented equity fund that has not yet built a long return record, so it fits only investors who can tolerate sharp swings and are comfortable waiting for the portfolio to settle through a longer cycle.

The fund’s benchmark is Nifty 50, and the latest return pattern remains uneven versus that broader market reference. Given the short operating history since 29 Nov 2024, we think the main question is not whether the strategy is established, but whether an investor is prepared for early-stage volatility while the portfolio works through market conditions.

Quick facts

Particular	Details
NAV	₹9.352 as of 15 Sep 2026
AUM	₹610 Cr
Expense Ratio	0.72%
Launch Date	29 Nov 2024
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 3M, Nil after 3M
Fund Managers	Sayan Das Sharma, Kishore Agarwal, Siddharth Chaudhary

The fund is managed by Sayan Das Sharma, Kishore Agarwal and Siddharth Chaudhary.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.88%	-4.81%
3M	2.44%	-3.63%
1Y	-5.7%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The fund has shown a mixed recent path. Over 1 month, it declined less than the benchmark, which tells us the strategy was weaker in absolute terms but held up slightly better than Nifty 50 in that brief window. Over 3 months, the fund turned positive while the benchmark stayed negative, so the shorter rebound has been more supportive than the index move.

The 1-year picture is still negative, but the fund has been ahead of the benchmark on that measure as well. That matters because it suggests relative resilience even though the absolute outcome is not yet strong. For an investor, the message is that this is not a smooth compounding profile; the fund has moved through both recovery and setback within a short period.

We cannot read a mature long-term trend from the 3-year or 5-year rows because the scheme is still young. The available history points to a fund that has been more defensive than the benchmark in some recent phases, but not yet proven across a full market cycle.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Bajaj Finserv 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bajaj Finserv Consumption Fund Direct Growth Plan	-5.7%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.16%	37.12%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.67%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.09%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.05%	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 trails several peers on the table, but the more important point is that the gap is wide because the peers shown have much stronger recent momentum. On the 3-year view, only one peer has a reported figure, and that makes the comparison less complete; the current fund also does not yet have a usable 3-year or 5-year history in the table. The short-term picture and the longer-term picture therefore tell different stories: recent returns are weak in absolute terms, while the peer set includes funds with far more established medium-term performance.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Eternal Limited	Retailing	8.96%
Bharti Airtel Limited	Telecom	5.18%
Mahindra & Mahindra Limited	Automobile & Ancillaries	4.99%
Bajaj Auto Limited	Automobile & Ancillaries	4.74%
Zydus Wellness Limited	FMCG	3.95%
TVS Motor Company Limited	Automobile & Ancillaries	2.77%
Safari Industries (India) Limited	FMCG	2.69%
PVR Inox Limited	Media & Entertainment	2.68%
Trent Limited	Retailing	2.58%
Titan Company Limited	Diamond & Jewellery	2.45%

The largest holding, Eternal Limited, carries an 8.96% weight, which means no single position dominates the portfolio on its own. The drop from the first holding to the tenth is fairly steady, with weights moving from the high single digits into the mid-2% range, so the book looks spread across multiple ideas rather than concentrated in one or two positions alone.

The top 10 holdings account for approximately 40.99% of the portfolio, and the scheme has 53 disclosed holdings in total. That mix suggests a meaningful long tail beyond the largest positions, which may reduce dependence on any one stock while still leaving the top names important to outcomes. With consumption, telecom, automobiles, FMCG and related discretionary names appearing among the largest holdings, the portfolio may be trying to capture spending-linked themes across several consumer segments.

To see all holdings, visit the Bajaj Finserv Consumption Fund Direct Growth Plan page

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and who are comfortable with uneven short-term outcomes. The 1-year record is negative, while the 3-month move has been better, so the scheme can behave differently across market stretches.

It may appeal more to investors with a longer horizon who want exposure to consumption-linked equities and can tolerate benchmark-relative swings. The main trade-off is that the portfolio may participate in consumer-led upside over time, but the current track record is still short and not yet smooth enough for cautious or near-term goals.

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 3 months; nil after 3 months.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Consumption Fund Direct Growth Plan?
The current NAV is ₹9.352 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -5.7%, while the 3-year and 5-year returns are both 0% in the available record.

How has the fund performed against Nifty 50?
It has been ahead of Nifty 50 across the available 1-month, 3-month and 1-year periods. The gap is most visible in the 3-month and 1-year figures.

How does the fund compare with the peer funds shown here?
Its recent 1-year return is weaker than the peer returns listed here. The peer set also includes a fund with a reported 3-year return, while this fund does not yet have a usable longer record.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Sayan Das Sharma, Kishore Agarwal and Siddharth Chaudhary. The exit load is 1% if units are sold within 3 months, and nil after 3 months.

Bottom line

Bajaj Finserv Consumption Fund Direct Growth Plan has started with a mixed record: the short-term pattern is better than the benchmark at times, but the 1-year figure is still negative and the long-term history is not yet mature. Compared with the peer funds shown here, its recent return is much softer, while the portfolio still looks reasonably spread across multiple consumer-linked names rather than concentrated in a single stock. It remains a High Risk equity option for investors who can wait through volatility and do not need a smooth near-term return path.

Published on 16 September 2026 at 7:56 AM 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.