HSBC Mutual Fund’s HSBC Consumption Fund, an open-ended equity scheme following the consumption theme, has delivered a 15.13% return since inception under the Regular Growth Option, outperforming its benchmark, Nifty India Consumption TRI, which returned 14.81%.
The fund, which completed three years since its launch in August 2023, had assets under management (AUM) of ₹1,762 crore as of July 2026.
Fund outperforms across investment modes
A lump-sum investment of ₹1 lakh at inception would have grown to ₹1,50,830 by July 2026, compared with ₹1,49,640 for the benchmark.
Similarly, a ₹10,000 monthly SIP since inception would have grown to ₹4,00,607, against ₹3,96,495 for the benchmark, with the fund outperforming across both investment modes.
Consumption theme drives strategy
HSBC Consumption Fund seeks to invest a minimum of 80% in companies engaged in or expected to benefit from consumption and consumption-related activities, providing exposure to structural trends across India’s consumption ecosystem.
“India’s consumption outlook is progressing beyond the traditional growth narrative, underpinned by rising household incomes, favourable demographics, increasing financialisation, and improved access to products and services,” said HSBC Mutual Fund, CIO – Equities, Venugopal Manghat.
“We see these structural shifts creating broad, long-term opportunities across consumption-driven businesses. As India’s consumption market continues to broaden and premiumise, we remain constructive on the long-term potential of this theme,” he said.
Portfolio spans multiple segments
The portfolio is diversified across consumer durables, automobiles, retailing, beverages, telecom services, healthcare services and leisure services as of July 2026.
It also spans large-, mid- and small-cap companies, providing exposure to different segments of India’s consumption opportunity.
Fund focuses on structural trends
Over the past three years, the fund has benefited from exposure to businesses positioned to participate in changing consumption patterns.
Its investment approach remains focused on identifying companies expected to benefit from rising consumption, increasing penetration and premiumisation across categories.
The fund is managed by Anish Goenka, while Mayank Chaturvedi manages overseas investments.