Axis Consumption Fund
Direct · GrowthAI Summary
The Axis Consumption Fund has delivered a 1-year XIRR of 1.40%, which is significantly below the category average of 14.10% for the same period. Over the same horizon, the fund's CAGR of -0.72% slightly outperformed the NIFTY 50's -2.90%, but the fund's rolling 1-year return of 0.92% indicates weak absolute performance. The fund has consistently underperformed the category across all time frames, with negative alpha over 3, 5, 7, 10, 12, and 15-year periods.
The fund exhibits a maximum drawdown of -0.20%, which is relatively shallow, but the drawdown duration of 546 days and the fact that it has not yet recovered from this drawdown highlight prolonged periods of underperformance. The Calmar ratio of 0.0458 for 1 year indicates very low risk-adjusted returns, as the return per unit of drawdown is minimal. With a beta of 0.96 against the NIFTY 50, the fund is slightly less volatile than the benchmark, but its downside capture of 87.91% shows it participates in market declines, while upside capture of 92.31% limits gains during rallies.
The fund's top 10 holdings account for approximately 50.7% of the portfolio, with the largest positions in Bharti Airtel (8.57%), Mahindra & Mahindra (6.71%), and Eternal Limited (6.07%). Sector concentration is high, with Automobiles (21.5%), Retailing (11.7%), and Consumer Durables (11.6%) making up nearly 45% of the portfolio. The fund holds 56 stocks, providing some diversification, but the thematic focus on consumption sectors leads to significant sector-specific risk.
The fund's 1-year XIRR of 1.40% is drastically lower than the category average of 14.10%, indicating severe underperformance relative to peers. Over longer horizons, the fund has consistently lagged the category, with negative alpha across all periods from 3 to 15 years. The fund's performance has been inconsistent, with calendar year returns of -3.97% in 2024, 0.82% in 2025, and -1.02% in 2026, showing no clear trend of recovery.
This fund is suitable for investors with a high risk tolerance and a long-term investment horizon, given its thematic focus and current underperformance. It may appeal to those who believe in the long-term growth of the Indian consumption story, but investors should be prepared for extended periods of drawdown and underperformance. The fund is not recommended for conservative investors or those seeking consistent short-term returns, as the current drawdown has lasted over 1.5 years without recovery.
- The fund has a lower beta (0.96) than the NIFTY 50, indicating slightly lower market volatility.
- The maximum drawdown of -0.20% is relatively shallow, suggesting limited downside in absolute terms.
- The fund holds a diversified portfolio of 56 stocks, reducing single-stock risk.
- The fund's 1-year XIRR of 1.40% is far below the category average of 14.10%, showing significant underperformance.
- The fund has not recovered from its maximum drawdown, with a drawdown duration of 546 days and no recovery days, indicating prolonged negative returns.
Generated on 29-08-2026, 3:01 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.19 L | 1.4% | -27.0% | 18.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 1.4% | 14.4% | 14.1% | -13.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 0.9% | 0.2% | -6.5% | 11.6% | -1.45 | -0.83 | 52% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +1.80 | 0.96 | 92.3% | 87.9% | -0.7% | -2.9% |
| 3 Years | -0.35 | 0.91 | 86.5% | 85.8% | -1.3% | -1.7% |
| 5 Years | -0.45 | 0.91 | 86.5% | 85.8% | -0.8% | -1.0% |
| 7 Years | -0.50 | 0.91 | 86.5% | 85.8% | -0.6% | -0.7% |
| 10 Years | -0.52 | 0.91 | 86.5% | 85.8% | -0.4% | -0.5% |
| 12 Years | -0.54 | 0.91 | 86.5% | 85.8% | -0.3% | -0.4% |
| 15 Years | -0.55 | 0.91 | 86.5% | 85.8% | -0.3% | -0.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Limited | 8.57% |
| 2 | Mahindra & Mahindra Limited | 6.71% |
| 3 | Eternal Limited | 6.07% |
| 4 | Titan Company Limited | 5.97% |
| 5 | Hindustan Unilever Limited | 5.09% |
| 6 | Maruti Suzuki India Limited | 4.63% |
| 7 | Asian Paints Limited | 3.60% |
| 8 | Varun Beverages Limited | 3.55% |
| 9 | InterGlobe Aviation Limited | 3.27% |
| 10 | Apollo Hospitals Enterprise Limited | 3.23% |