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

Updated: 10 Sept 2026 • 1:03 pm

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

SBI Consumption Opp Fund Direct Growth Plan is an equity fund with a NAV of ₹319.4618 as of 09 Sep 2026 and an AUM of ₹2,826 Cr. Its 1-year, 3-year and 5-year returns are -13.01%, 5.13% and 12.3% respectively. The fund is tagged as High Risk, so our view is that it suits investors who can tolerate sharp swings and are willing to stay invested for long enough to let consumption-led cycles play out.

The recent performance has been weak, but the longer run is more stable, and the portfolio is tilted toward consumer-facing and discretionary names. That mix can support upside when spending trends are healthy, though it also leaves the fund exposed when sentiment turns cautious. Our reading is that this is a fund for patient investors who understand that the return path can differ meaningfully from the benchmark over shorter stretches.

Table of Contents

Quick facts

Particular	Details
NAV	₹319.4618 as of 09 Sep 2026
AUM	₹2,826 Cr
Expense Ratio	0.92%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.10% on or before 30D, Nil after 30D
Fund Managers	Ashit Desai

The fund is managed by Ashit Desai.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-6.13%	-4.69%
3M	0.60%	0.93%
1Y	-13.01%	-7.16%
3Y	5.13%	6.00%
5Y	12.30%	5.87%

The fund has had a soft stretch recently. The 1-month return is weaker than the benchmark, and the 1-year return is also below the benchmark, which tells us the recent phase has been more difficult for the portfolio than for the broader market proxy.

The longer picture is better. Over 3 years, the fund is still slightly behind the benchmark, but the gap is small, and the 5-year return is well ahead of the benchmark. That pattern suggests the strategy has been able to compound over a fuller cycle, even though shorter windows have been choppy.

The return path itself has not been straight. The fund’s 3-year and 5-year trajectories show meaningful swings along the way, which is consistent with a concentrated thematic equity approach rather than a smooth, defensive profile. That is important for investors because the latest weakness does not by itself define the fund’s longer-run behaviour.

Our view is that the benchmark comparison points to a fund that can diverge from the market for extended periods. When the cycle turns in its favour, the longer-term record improves materially; when the cycle softens, the near-term numbers can slip below the benchmark.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD SBI Consumption Opp?

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 SBI Consumption Opp? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
SBI Consumption Opp Fund Direct Growth Plan	-13.01%	5.13%	12.30%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	71.49%	36.55%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.08%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.85%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.60%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is materially weaker than the peer set shown here, while the 3-year and 5-year figures are more balanced relative to the few peers with longer histories. ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan stands far ahead on both 1-year and 3-year numbers, but several other peers only have 1-year data, so the longer-run comparison is narrower. That makes the short-term gap more obvious than the long-term one.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	5.22%
Asian Paints Ltd.	Chemicals	4.93%
Eternal Ltd.	Retailing	4.93%
Jubilant Foodworks Ltd.	FMCG	4.63%
Berger Paints India Ltd.	Chemicals	3.67%
Titan Company Ltd.	Diamond & Jewellery	3.61%
United Breweries Ltd.	Alcohol	3.61%
Britannia Industries Ltd.	FMCG	3.41%
Varun Beverages Ltd.	FMCG	3.31%
Page Industries Ltd.	Textile	3.27%

The largest holding, Mahindra & Mahindra Ltd., carries a weight of 5.22%, which is large enough to matter but not so dominant that one stock appears to drive the whole portfolio. The drop from the first holding to the tenth is gradual rather than abrupt, moving from 5.22% to 3.27%, so the top names are fairly tightly grouped.

The top 10 holdings account for approximately 40.59% of the portfolio, and the fund discloses 46 holdings overall. That combination suggests a meaningful core position set, but it still leaves room for a longer tail beyond the names shown here. In our view, the portfolio is therefore concentrated enough for the top consumer and discretionary ideas to influence performance, while not being a one- or two-stock bet.

The mix also points to a consumer-oriented style that may behave differently from a broad market fund. Because several of the larger positions sit in consumer-facing businesses, the portfolio could benefit when spending trends are healthy, but those same holdings may also feel pressure when demand or sentiment cools.

To see all holdings, visit the SBI Consumption Opp Fund Direct Growth Plan page

Source data date: as of 09 Sep 2026

Who should invest

This fund fits investors who can accept High Risk and are comfortable with a return path that may lag the benchmark in weaker stretches. The 1-year result is negative, while the 3-year and 5-year numbers recover, so the horizon matters more here than in a steadier equity fund.

It is more suitable for a long-term allocation than for a short holding period. Investors who want exposure to consumer-led themes and can tolerate swings in performance may find the style understandable, but they need to accept that outcomes can differ sharply from the benchmark over shorter windows. The main trade-off is between thematic upside when the cycle is supportive and the risk of underperforming when it is not.

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: 0.10% if units are sold on or before 30 days; nil after 30 days.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of SBI Consumption Opp Fund Direct Growth Plan?

The current NAV is ₹319.4618 as of 09 Sep 2026.

How has SBI Consumption Opp Fund Direct Growth Plan performed over 1 year, 3 years and 5 years?

Its 1-year return is -13.01%, its 3-year return is 5.13%, and its 5-year return is 12.3%.

How does the fund compare with the benchmark?

It trails the Nifty 50 over 1 year and 3 years, but it is ahead of the benchmark over 5 years. The shorter-term pattern has been weaker than the longer-term record.

How does it compare with the peer funds shown here?

The fund’s 1-year return is below the peer figures shown here, while its 3-year and 5-year returns are more competitive among the peers with longer histories. The comparison is mixed because several peers do not have all three horizons available.

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 Ashit Desai. The exit load is 0.10% if units are sold on or before 30 days, and nil after 30 days.

Bottom line

SBI Consumption Opp Fund Direct Growth Plan looks like a thematic equity fund with a longer-run record that is better than its recent stretch. The 1-year return has been weak, but the 3-year and 5-year figures show that the strategy can recover over a full cycle. Against the benchmark, it is behind in the shorter windows and ahead over 5 years. The portfolio is led by consumer and discretionary names and is therefore likely to move in line with that theme rather than the broad market.

Published on 10 September 2026 at 1:03 PM IST

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.