Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Consumption Fund

Holds 45 companies worth ₹2,244 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹2,255 CrNippon India Consumption Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 8.0% on Aug 2026, ₹2,452 Cr.

  • Largest holding

    Mahindra and Mahindra LimitedMahindra and Mahindra Limited is 9.3% of this scheme's NAV.

  • Fund manager

    Kinjal DesaiRuns it since 1 Aug 2025, as the fund house dates it.

Overview(8 Oct 2026)

Fund managers1

  1. Kinjal DesaiFund manager · Aug 2025 · 13y
  1. Amar KalkundrikarOct 2020 – Aug 2025

Key facts

Benchmark
Nifty India Consumption TRI
Risk
Very High
Expense
Regular 2.19% · Direct 0.9%
Exit load
1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.
Started
30 Sept 2004
Minimum
₹5,000

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(26 changes)

Oct 2026

1 change
  1. Expense ratio
    8 OctRegular 2.2% → 2.19%Direct 0.91% → 0.9%

Sept 2026

1 change
  1. Category
    9 SeptEquity: Thematic Funds → Thematic Fund

Aug 2026

2 changes

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Oct 2020 – now)

  1. Kinjal Desai
  2. Amar Kalkundrikar
MainCoSlice202120222023202420252026
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(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
24 changesRegularDirectΔ pt
8 Oct 20262.19%0.90%0.01
23 Aug 20262.20%0.91%0.05
9 Aug 20262.16%0.86%0.01
9 Jul 20262.16%0.87%0.17
9 Jun 20261.99%0.70%0.67
14 May 20262.66%1.37%0.68
7 May 20261.98%0.69%0.01
9 Apr 20261.99%0.70%0.07
9 Mar 20262.00%0.63%0.04
8 Jan 20261.96%0.59%0.03
9 Dec 20251.95%0.56%0.01
10 Oct 20251.94%0.55%0.02
10 Sept 20251.93%0.53%0.02
8 Aug 20251.95%0.55%0.02
10 Jun 20251.97%0.57%0.02
10 May 20251.99%0.59%0.02
10 Apr 20252.01%0.61%0.06
10 Feb 20251.99%0.55%0.03
10 Jan 20252.01%0.58%0.06
10 Dec 20242.01%0.64%0.02
11 Nov 20242.03%0.66%0.02
10 Oct 20242.04%0.68%0.01
20 Sept 20242.05%0.69%0.11
20 Aug 20242.11%0.80%–
Direct plan, 8 Oct 2026
0.90%
Regular plan 2.19% · Exit load 1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.
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(8 Oct 2026)

Objective

The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies that are likely to benefit directly or indirectly from the domestic consumption led demand. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
High
Type
An Open Ended Equity Scheme investing in consumption theme
Benchmark
Nifty India Consumption TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related securities of companies in the domestic consumption spacer –
    Allowed80–100%
  2. Equity and Equity Related securities of companies other than those engaged in domestic consumption Space
    Allowed0–20%
  3. Debt Securities & Money Market instruments –
    Allowed0–20%Holds0.5%
  4. Units issued by REITs and InvITs –
    Allowed0–10%Holds0.0%

Holds in Sept 2026.99.5% equity · 0.5% debt and cash

How to invest(8 Oct 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
Any
Systematic
SIP - Monthly, Quarterly, Yearly SWP - Monthly / Quarterly / Half yearly / Yearly STP - Daily/ Weekly/ Fortnightly/ Monthly / Quarterly
Dates
SIP - 1st to 31st of a month SWP - 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) STP - 1st to 28th of a month
Minimum
SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500, then sIP - Rs. 500 if SIP amount is 5,000 per year & Rs. 1 for any other amount SWP - 1 STP - 1
Instalments
SIP - 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 2
Most
SIP - Any SWP - Any STP - Any

Selling and switching

To redeem
₹100 or Any units
Switch minimum
₹5,000

Scheme details(8 Oct 2026)

What it is

Category
Thematic Fund
Offer
16 Sept 2004 to 27 Sept 2004
Started
30 Sept 2004
Reopened
30 Sept 2004
Plans
Direct Growth Plan Bonus Option Bonus · Direct Plan IDCW Plan Payout · Direct Plan IDCW Plan Reinvestment · Direct Plan Growth Plan - Growth Option Growth · Growth Plan Bonus Option Bonus · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan - Growth Option Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank
Auditor
Walker Chandiok & Co LLP
Registrar
KFin Technologies Limited
SEBI code
NIMF/O/E/THE/04/04/0016