Fundalysisby DARKHORSESTOCKS

Scheme

HDFC Nifty India Consumption Index Fund

Holds 29 companies worth ₹104 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹105 CrHDFC Nifty India Consumption Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 8.1% on Aug 2026, ₹115 Cr.

  • Largest holding

    Bharti Airtel LimitedBharti Airtel Limited is 10.1% of this scheme's NAV.

  • Fund manager

    Nandita MenezesRuns it since 18 Feb 2026, as the fund house dates it. With Arun Agarwal (co-manager).

Overview(14 Sept 2026)

Fund managers2

  1. Nandita MenezesFund manager · Feb 2026
  2. Arun AgarwalCo-manager · Feb 2026 · 25y · CA B.Com

    Key facts

    Benchmark
    Nifty India Consumption Index (TRI)
    Risk
    Very High
    Expense
    Regular 0.88% · Direct 0.44%
    Exit load
    Nil
    Started
    18 Feb 2026
    Minimum
    ₹100

    Source.Its Scheme Summary Document as of 14 Sept 2026 at AMFI.

    What changed(6 changes)

    Sept 2026

    1 change
    1. Expense ratio
      14 SeptRegular 0.84% → 0.88%Direct 0.4% → 0.44%

    Aug 2026

    1 change
    1. Expense ratio
      13 AugRegular 0.82% → 0.84%Direct 0.38% → 0.4%

    Jul 2026

    1 change
    1. Expense ratio
      14 JulRegular 0.78% → 0.82%Direct 0.34% → 0.38%

    Source.Its filings at NSE, since Feb 2026.

    Fund managers over time(Feb 2026 – now)

    1. Nandita Menezes
    2. Arun Agarwal
    MainCoSlice
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Mar 2026 – Sept 2026)

    Every change to the expense ratio, newest first.
    6 changesRegularDirectΔ pt
    14 Sept 20260.88%0.44%0.04
    13 Aug 20260.84%0.40%0.02
    14 Jul 20260.82%0.38%0.04
    11 Jun 20260.78%0.34%0.31
    12 May 20261.18%0.65%0.30
    11 Mar 20260.87%0.35%–
    Direct plan, 14 Sept 2026
    0.44%
    Regular plan 0.88% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(14 Sept 2026)

    Objective

    Passive investment in equity and equity related securities replicating the composition of the Nifty India Consumption Index (TRI), subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    Not applicable under Mutal Fund Lite Framework
    Benchmark
    Nifty India Consumption Index (TRI)

    Asset allocation it may hold% of NAV

    1. Constituents of Nifty India Consumption Index (TRI)
      Allowed95–100%
    2. Plain Vanilla Debt Securities, Government Securities, T-Bills and Money Market Instruments, Repo on Government Securities, Units of Liquid and Overnight schemes of Mutual Fund
      Allowed0–5%

    Holds in Sept 2026.98.7% equity · 1.3% debt and cash

    How to invest(14 Sept 2026)

    Buying

    To start
    ₹100, then any amount
    To add
    ₹100, then any amount
    Systematic
    For Systematic Investmet Plan (SIP) Daily, Weekly, Monthly, Quarterly, Half Yearly and Yearly For Systematic Withdrawal Advantage Plan (SWAP) Fixed SWAP - Monthly, Quarterly, Half Yearly, Yearly Variable SWAP - Quarterly, Half Yearly, Yearly For Sytematic Transfer Plan (STP) Fixed Systematic Transfer Plan (FSTP) - Daily, Weekly, Monthly, Quarterly Capital Appreciation Systematic Transfer Plan (CASTP) - Monthly, Quarterly
    Dates
    SIP: For Daily SIP- All Business Days For Weekly SIP- Any business day between Monday to Friday, (Default date is Wednesday) For all other frequnecies - Any date fo the month. If it happens to be a non-Business Day, SIP will be processed on the next Business Day (Default date = 10th of the month) SWP: For Fixed and Variable SWP- Any date. Default Date: 25th STP For Daily FSTP- All Business days For Weekly FSTP-Monday,Tuesday,Wednesday,Thursday,Friday (Default Day) For Monthly FSTP and CASTP - 1,5,10#,15,20,25 For Quarterly FSTP and CASTP - 1,5,10#,15,20,25 #Default Date
    Minimum
    For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000., then for SIP and SWAP Re. 1/- thereafter; For STP FSTP Daily, Monthly, Quarterly FSTP - Rs. 100 thereafter Weekly FSTP - any amount thereafter CASTP Mulitples will be based on the appreciated amount
    Instalments
    SIP: Minimum number of installments under DSIP- 2 Minimum number of Installments under WSIP and MSIP : - In respect of each SIP Installment between Rs.300 to Rs.499 in value - 20 - In respect of each SIP Installment between Rs.500 to Rs.999 in value - 12. In respect of each SIP Installment equal to or greater than Rs 1,000 in value - 6 Minimum number of installments under QSIP : - In respect of each SIP Installment between Rs.1,500 to Rs.2,999 in value- 4; In respect of each SIP Installment equal to or greater than Rs. 3,000 in value- 2 Minimum number of installments under HYSIP: - In respect of each SIP Installment equal to or greater than Rs. 2,500 in value- 2 Minimum number of installments under YSIP: - In respect of each SIP Installment equal to or greater than Rs. 5,000 in value- 1 SWP: For Fixed and Variable SWP- 2 STP: Under Daily FSTP: -where installment amount is less than Rs. 1,000 : 12 - where installment amount is equal to or greater than Rs. 1,000: 6 Under Weekly STP : - Where installment amount is less than Rs. 1,000: 12 installments - Where installment amount is equal to or greater than Rs. 1,000: 6 installments However, for weekly STP in equity linked savings schemes, there should be a minimum of 6 installments for enrollment. Under Monthly FSTP & Monthly CASTP : - Minimum 6 installments, Under Quarterly FSTP & Quarterly CASTP : - Minimum 2 installments. Further, the minimum balance in the Unit holders account or the minimum amount of application at the time of enrolment for STP in the Transferor Scheme should be Rs. 12,000. There will be no maximum duration for STP enrolment.

    Selling and switching

    To redeem
    Rs.100 and and multiples of Rs.1 thereafter or No minimum redemption criterion for Unit based redemption units
    Minimum balance
    There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
    Switch minimum
    Switch - in: Rs.100 and any amount thereafter. Additional Amount:. Rs. 100 Switch-out :Rs. 100 and multiples of Rs. 1/- thereafter
    Switch multiples
    Any amount
    Switch most
    Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable Switch out: Not applicable. units

    Scheme details(14 Sept 2026)

    What it is

    Category
    Index fund
    Offer
    4 Feb 2026 to 13 Feb 2026
    Started
    18 Feb 2026
    Reopened
    24 Feb 2026
    Plans
    Regular and Direct Plans. Each Plan offers growth Option only
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    SBI-SG Global Securities Services Private Limited
    Auditor
    S.R. Batliboi & Co. LLP – Chartered Accountants
    Registrar
    Computer Age Management Services Limited
    SEBI code
    HDFC/O/O/EIN/25/11/0145