Bank of India Consumption Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bank of India Consumption Fund Direct Growth Plan has a NAV of ₹11.12 as of 15 Sep 2026 and an AUM of ₹369 Cr. Its 1-year, 3-year and 5-year returns are -0.35%, 0% and 0%, and the scheme sits in the High Risk category. In our view, it suits investors who can tolerate sharp swings and want a consumption-led equity strategy, but the short track record and uneven recent behaviour mean expectations should stay measured.

The fund has stayed weaker than its benchmark over the periods shown, yet the recent 3-month phase is better than the 1-year outcome. That combination suggests a portfolio that can recover in pockets, but it still needs more time before longer-horizon stability becomes clear.

Quick facts

Particular	Details
NAV	₹11.12 as of 15 Sep 2026
AUM	₹369 Cr
Expense Ratio	1.26%
Launch Date	20 Dec 2024
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil for 10% of investments and 1% for remaining investments or or before 12M, Nil after 12M
Fund Managers	Nitin Gosar

The fund is managed by Nitin Gosar.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.72%	-4.81%
3M	3.63%	-3.63%
1Y	-0.35%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been mixed rather than smooth. Over 1 month, the fund declined, but the benchmark fell more, so the fund still held up relatively better. Over 3 months, the fund moved into positive territory while the benchmark stayed negative, which points to a sharper rebound in the scheme than in the index.

The 1-year figure is still negative, so the stronger short-term bounce does not yet change the broader picture. The pattern suggests a fund that can move differently from the benchmark in the near term, but the longer history is too short to support a confident conclusion on consistency.

Because the scheme launched only in December 2024, 3-year and 5-year return data are not available. That limits long-term interpretation, and it also means we should treat the current pattern as an early-stage record rather than a mature performance history.

Against Nifty 50, the fund has been ahead over the 3-month and 1-year periods, but the benchmark has still been meaningfully negative on a 1-year basis. So the comparison is more about relative resilience than about strong absolute compounding.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Bank of India 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
Bank of India Consumption Fund Direct Growth Plan	-0.35%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.16%	37.12%	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
Kotak Healthcare Fund Direct Growth Plan	26.51%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.46%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the latest 1-year comparison, the fund trails every peer listed here because its return is slightly negative while the others are positive. The short-term picture is less one-sided: the fund has shown a better 3-month move than the listed peers with available 3-month data only if we compare against its benchmark, but peer 3-year and 5-year figures are largely unavailable, so long-horizon peer comparison remains limited. Taken together, the return profile looks more like an early, uneven track record than a settled peer story.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Bharti Airtel Limited	Telecom	9.37%
ITC Limited	FMCG	8.05%
Britannia Industries Limited	FMCG	6.59%
Dixon Technologies (India) Limited	Consumer Durables	5.09%
Mahindra & Mahindra Limited	Automobile & Ancillaries	4.85%
United Spirits Limited	Alcohol	4.65%
Maruti Suzuki India Limited	Automobile & Ancillaries	4.35%
FSN E-Commerce Ventures Limited	Retailing	4.28%
Entero Healthcare Solutions Ltd	Trading	4.03%
PB Fintech Limited	IT	2.86%

The top 10 holdings account for approximately 54.12% of the portfolio.

To see all holdings, visit the Bank of India Consumption Fund Direct Growth Plan page

The largest holding, Bharti Airtel Limited, has a weight of 9.37%, so it could have a meaningful influence on short-term moves. The weight then tapers to 2.86% by the tenth holding, which shows a noticeable but not extreme drop across the listed names. That shape suggests the portfolio is spread across multiple companies rather than dominated by one position.

At the same time, the top 10 holdings together make up 54.12% of the portfolio, so the disclosed core remains fairly important. With 35 holdings in total and more positions beyond the top 10, the fund likely has a longer tail that may soften single-stock dependence, even though the largest names still carry clear influence.

For investors, that means stock selection matters here. The mix may give the fund room to express a consumer-theme view across telecom, FMCG, durables, autos and related businesses, but those bets can also move unevenly over time.

Source data date: as of 15 Sep 2026

Who should invest

This fund fits investors who can handle High Risk and are comfortable with a scheme that has a short and uneven record so far. The 3-month bounce is better than the 1-year outcome, but the absence of longer history means the case rests more on the current portfolio style than on proven compounding.

It is better suited to a longer investment horizon, not because the fund has already shown steady long-term strength, but because the available history is too limited to judge it on a short cycle. The main trade-off is clear: you are taking on higher volatility and a relatively concentrated equity book in exchange for exposure to consumption-linked businesses and the possibility of stronger phases when the theme works.

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 is nil after 12 months. For redemptions within 12 months, 10% of investments can be redeemed without exit load and the remaining amount attracts 1%.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Bank of India Consumption Fund Direct Growth Plan?

The current NAV is ₹11.12 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is -0.35%, while the 3-year and 5-year returns are not available because the scheme does not yet have that history.

How has the fund performed against Nifty 50?

The fund has been ahead of Nifty 50 over 1 month, 3 months and 1 year. The gap is most visible over 3 months, where the fund is positive while the benchmark remains negative.

How does it compare with the listed peer funds on 1-year return?

Its 1-year return of -0.35% is below the positive 1-year returns shown by the listed peer funds. The peer group range in the table runs from 25.46% to 69.16%.

Is there a minimum SIP amount for this fund?

Yes. The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?

The fund is managed by Nitin Gosar. The exit load is nil after 12 months; before that, redemptions within 12 months attract 1% on the applicable amount, with 10% of investments available without exit load.

Bottom line

Bank of India Consumption Fund Direct Growth Plan shows a mixed early record: the recent 3-month move is better than the 1-year outcome, but the fund still lacks a long track record. It has also stayed behind the benchmark on the fuller periods shown, even though the short-term behaviour has been more resilient. The portfolio is led by Bharti Airtel Limited and spreads across 35 holdings, so the theme is diversified but still stock-sensitive. It fits investors who can accept High Risk and want consumption-led equity exposure with a longer horizon.

Published on 16 September 2026 at 9:27 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.