Bajaj Finserv Consumption Fund
Direct · GrowthAI Summary
The fund's 1Y SIP XIRR of -3.81% trails the category average of 10.69% by a wide margin, indicating significant underperformance versus sectoral/thematic peers. Against the NIFTY 50, the fund delivered a positive 1Y alpha of 0.91% (Fund CAGR -9.04% vs benchmark -11.43%), but longer-term alphas are negative across 3Y to 15Y windows, ranging from -2.01% to -1.07%. Calendar year returns have been negative for three consecutive years (-0.54% in 2024, -4.99% in 2025, -4.43% in 2026).
The maximum drawdown of -0.21% with a 445-day duration and no recovery suggests the fund has remained in a prolonged slump, and the negative 1Y Calmar ratio of -0.16 confirms weak risk-adjusted returns. Beta of 0.87-0.92 with downside capture of roughly 84% indicates the fund falls less than the NIFTY 50, offering some defensive characteristics. However, upside capture of 81-86% means it also participates less in rallies, limiting recovery potential.
The portfolio holds 51 stocks with Eternal Limited (8.96%) as the largest position, followed by Bharti Airtel (5.18%) and Mahindra & Mahindra (4.99%). Sector allocation is concentrated in Consumer Durables (23.1%), Retailing (13.9%), and Automobiles (13.5%), which together account for over half the portfolio. This concentration reflects the consumption theme but exposes investors to sector-specific downturns.
The fund significantly lags its category, with a 1Y SIP XIRR of -3.81% versus the sectoral/thematic average of 10.69%, a gap of roughly 14.5 percentage points. Persistent negative alpha versus the NIFTY 50 across longer horizons (3Y: -2.01%, 5Y: -1.55%) suggests the fund has not added value over the broad market. Three consecutive negative calendar years point to a lack of consistency in generating returns.
This fund is suitable only for experienced investors with high risk tolerance who want a tactical, thematic exposure to India's consumption story and already hold diversified core holdings. A horizon of at least 5-7 years is advisable given the prolonged drawdown and sector cyclicality. Investors should size the allocation modestly, as sectoral/thematic funds carry higher concentration risk than diversified equity funds.
- Downside capture of 84.73% (1Y) shows the fund falls less than the NIFTY 50 during market declines, offering relative resilience
- Positive 1Y alpha of 0.91% versus the NIFTY 50 despite both delivering negative absolute returns
- Diversified 51-stock portfolio with a reasonable 0.78% expense ratio for a thematic offering
- Severe underperformance versus category peers, with 1Y SIP XIRR of -3.81% against a category average of 10.69%
- Persistent negative alpha across all long-term windows (3Y to 15Y) versus the NIFTY 50, with no recovery from the 445-day maximum drawdown
- High sector concentration in Consumer Durables (23.1%), Retailing (13.9%), and Automobiles (13.5%) amplifies theme-specific risk
Generated on 21-10-2026, 3:05 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 | ₹11.93 L | -3.2% | -30.7% | 11.8% |
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 | -3.2% | 14.3% | 10.7% | -17.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | -3.5% | -3.8% | -9.4% | 4.7% | -3.13 | -0.95 | 16% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +0.91 | 0.92 | 85.6% | 84.7% | -9.0% | -11.4% |
| 3 Years | -2.01 | 0.87 | 81.4% | 83.9% | -3.1% | -2.2% |
| 5 Years | -1.55 | 0.87 | 81.4% | 83.9% | -1.9% | -1.3% |
| 7 Years | -1.35 | 0.87 | 81.4% | 83.9% | -1.4% | -0.9% |
| 10 Years | -1.19 | 0.87 | 81.4% | 83.9% | -0.9% | -0.7% |
| 12 Years | -1.14 | 0.87 | 81.4% | 83.9% | -0.8% | -0.6% |
| 15 Years | -1.07 | 0.87 | 81.4% | 83.9% | -0.6% | -0.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Eternal Limited | 8.96% |
| 2 | Bharti Airtel Limited | 5.18% |
| 3 | Mahindra & Mahindra Limited | 4.99% |
| 4 | Bajaj Auto Limited | 4.74% |
| 5 | Zydus Wellness Limited | 3.95% |
| 6 | TVS Motor Company Limited | 2.77% |
| 7 | Safari Industries (India) Limited | 2.69% |
| 8 | PVR INOX Limited | 2.68% |
| 9 | Trent Limited | 2.58% |
| 10 | Titan Company Limited | 2.45% |