HSBC Consumption Fund 3‑Year Performance Review
HSBC Mutual Fund announced that its HSBC Consumption Fund, an open‑ended equity scheme focused on the consumption theme, completed three years since its launch in August 2023. The fund delivered a cumulative return of 15.13 % (regular growth option) over the period, marginally outperforming its benchmark, the Nifty India Consumption TRI, which returned 14.81 % for the same timeframe.
As of 31 July 2026, the scheme’s assets under management (AUM) were ₹1,761.84 crore, indicating continued investor inflows. A hypothetical lump‑sum investment of ₹1 lakh made at inception would have grown to ₹1,50,830 by 31 July 2026, compared with ₹1,49,640 for the benchmark. Likewise, a monthly systematic investment plan (SIP) of ₹10,000 would have accumulated to ₹4,00,607, versus ₹3,96,495 for the benchmark, demonstrating consistent outperformance across both investment styles.
The fund’s portfolio, as of the latest reporting date, is diversified across several consumption‑driven segments, including consumer durables, automobiles, retailing, beverages, telecom services, healthcare services and leisure services. It holds exposures across large‑, mid‑ and small‑cap companies, aiming to capture structural shifts in India’s consumption ecosystem such as rising household incomes, favourable demographics, increased financialisation and broader product access.
Venugopal Manghat, Chief Investment Officer – Equities at HSBC Mutual Fund, commented that India’s consumption outlook is moving beyond traditional growth narratives, driven by rising incomes and premiumisation, and that the fund remains constructive on the long‑term potential of the theme. The fund is managed domestically by Anish Goenka, while overseas investment responsibilities are handled by Mayank Chaturvedi.
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