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HSBC Consumption Fund Completes Three Years, Delivers 15.13% CAGR
HSBC Consumption Fund is a mutual fund that invests in companies connected to what people buy and use.
It started in August 2023 and completed three years.
The fund reported an annualized return of 15.13% since it began.
Its benchmark, the Nifty India Consumption TRI, returned 14.81%.
A ₹1 lakh investment reportedly grew to ₹1,50,830.
A monthly investment of ₹10,000 reportedly grew to ₹4,00,607.
The fund invests in areas such as cars, shops, beverages, telecom, healthcare and leisure.
HSBC Mutual Fund said rising incomes, changing lifestyles and wider access to products could create more opportunities, while also warning that market-linked investments carry risks.
HSBC Consumption Fund delivered a 15.13% since-inception CAGR under its Regular Growth Option.
The fund outperformed the Nifty India Consumption TRI benchmark, which returned 14.81%.
A ₹1 lakh lump-sum investment grew to ₹1,50,830 by July 31, 2026.
A ₹10,000 monthly SIP from inception grew to ₹4,00,607 over the same period.
The fund had ₹1,761.84 crore in assets and invests at least 80% in consumption-related companies.
- Who
- HSBC Mutual Fund; the fund is managed by Anish Goenka, with Mayank Chaturvedi managing overseas investments.
- What
- HSBC Consumption Fund reported a 15.13% since-inception CAGR and exceeded the Nifty India Consumption TRI’s 14.81% return.
- Where
- The reports were datelined Mumbai and Bengaluru, respectively.
- When
- The fund launched in August 2023; the reported performance and AUM figures were as of July 31, 2026.
- Why
- The scheme seeks to benefit from consumption-related businesses supported by rising incomes, favourable demographics, financialisation, improved access and premiumisation.
Growth outlook
Risk perspective
Future consumption opportunities
Growth outlook
HSBC Mutual Fund said rising household incomes, favourable demographics, increasing financialisation, improved access and premiumisation could support long-term opportunities in consumption-oriented businesses.
Risk perspective
The fund’s disclosures caution that past performance does not guarantee future returns and that consumption-focused equity schemes face market, sector-concentration and economic-cycle risks.
Portfolio strategy
Growth outlook
The fund provides exposure to consumer durables, automobiles, retail, beverages, telecom services, healthcare services and leisure services across large-, mid- and small-cap companies.
Risk perspective
Concentrating on consumption-related sectors may expose investors to sector-specific and economic-cycle risks, according to the stated risk disclosures.
Key facts
- Fund
- HSBC Consumption Fund, an open-ended equity scheme focused on the consumption theme.
- Launch
- August 2023.
- Since-inception return
- 15.13% under the Regular Growth Option.
- Benchmark
- Nifty India Consumption TRI, which returned 14.81% over the same period.
- Assets under management
- ₹1,761.84 crore as of July 31, 2026.
- Lump-sum illustration
- ₹1 lakh invested at inception grew to ₹1,50,830, compared with ₹1,49,640 for the benchmark.
- SIP illustration
- A ₹10,000 monthly SIP from inception grew to ₹4,00,607, compared with ₹3,96,495 for the benchmark.
- Investment mandate
- At least 80% of assets must be invested in companies engaged in or expected to benefit from consumption-related activities.
Sources
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