Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Consumption Fund

Holds 51 companies worth ₹1,665 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹1,698 CrHSBC Consumption Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.6% on Aug 2026, ₹1,817 Cr.

  • Largest holding

    Eternal LimitedEternal Limited is 7.0% of this scheme's NAV.

  • Fund manager

    Anish GoenkaRuns it since 1 Oct 2023, as the fund house dates it. With Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers3

  1. Anish GoenkaFund manager · Oct 2023 · 14y · MBA
  2. Mayank ChaturvediOverseas · Oct 2025
  3. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaAug 2023 – Sept 2026
  2. Gautam BhupalAug 2023 – Jun 2025

Key facts

Benchmark
Nifty India Consumption Index TRI
Risk
Very High
Expense
Regular 2.19% · Direct 0.84%
Exit load
10% within 1 year
Started
31 Aug 2023
Minimum
₹5,000

Source.Its Scheme Summary Document as of 16 Sept 2026 at AMFI.

What changed(17 changes)

Sept 2026

3 changes
  1. Mayank Chaturvedi joined
    16 Septfor overseas investments
  2. Dipan Parikh joined
    16 Septfor gold and silver
  3. Sonal Gupta left
    16 Septran it for overseas investments from Aug 2023

Apr 2026

1 change
  1. Expense ratio
    9 AprRegular 2.1% → 2.15%Direct 0.88% → 1.03%

Mar 2026

1 change
  1. Expense ratio
    11 MarRegular 2.11% → 2.1%Direct 0.89% → 0.88%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Aug 2023 – now)

  1. Anish Goenka
  2. Mayank Chaturvedi
  3. Dipan Parikh
  4. Sonal Gupta
  5. Gautam Bhupal
MainCoSlice202420252026
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(Sept 2024 – Sept 2026)

Every change to the expense ratio, newest first.
14 changesRegularDirectΔ pt
9 Apr 20262.15%1.03%0.15
11 Mar 20262.10%0.88%0.01
11 Feb 20262.11%0.89%0.01
13 Jan 20262.10%0.88%0.10
11 Nov 20252.07%0.78%0.01
13 Oct 20252.08%0.79%0.01
9 Aug 20252.09%0.80%0.01
6 Jun 20252.11%0.81%0.06
1 Apr 20252.12%0.75%0.01
10 Feb 20252.11%0.74%0.03
6 Jan 20252.08%0.71%0.01
12 Nov 20242.09%0.72%0.01
8 Oct 20242.08%0.71%0.01
16 Sept 20242.09%0.72%–
Direct plan, 9 Apr 2026
1.03%
Regular plan 2.15% · Exit load 10% within 1 year
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(16 Sept 2026)

Objective

The investment objective of the Fund is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme investing in consumption theme
Benchmark
Nifty India Consumption Index TRI

Asset allocation it may hold% of NAV

  1. Equities & Equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities
    Allowed80–100%
  2. Equity and equity related securities of companies other than consumption and consumption related activities
    Allowed0–20%
  3. Money market instruments and other liquid instruments
    Allowed0–20%Holds1.9%
  4. Units of InvITs
    Allowed0–10%Holds0.0%
  5. Units of Gold and Silver ETFs
    Allowed0–20%

Holds in Sept 2026.98.1% equity · 1.9% debt and cash

How to invest(16 Sept 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Systematic
SIP - Daily (All Business Days from Monday to Friday), Weekly (Any Day from Monday to Friday), Monthly, Quarterly SWP - Monthly, Quarterly, Half Year, Annual STP - Weekly, Monthly, Quarterly, Fortnightly, Daily (Business Days)
Dates
SIP - Daily (Daily SIP will be processed from Monday to Friday. In case of a non-business day falling between Monday to Friday (both days inclusive) then the daily SIP installment for that day will not be processed on the next business day.); Weekly - Any day from Monday to Friday; Other than daily and weekly - Any Date, SWP and STP - Any Dates
Minimum
SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000., then in multiples of ₹1
Instalments
SIP - Daily 6; Weekly 6; Monthly 6; Quarterly 4 SWP - 12 STP - 6

Selling and switching

To redeem
₹500 or 50 units
Switch minimum
₹5,000

Scheme details(16 Sept 2026)

What it is

Category
Open Ended-Equity - Thematic
Offer
10 Aug 2023 to 24 Aug 2023
Started
31 Aug 2023
Reopened
7 Sept 2023
Plans
HSBC Consumption Fund - Direct Plan - Growth · HSBC Consumption Fund - Direct Plan - IDCW · HSBC Consumption Fund - Regular Plan - Growth · HSBC Consumption Fund - Regular Plan - IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank Limited
Auditor
M/s. Price Waterhouse, Chartered Accountants LLP
Registrar
Computer Age Management Services Limited
SEBI code
HSBC/O/E/THE/23/05/0036