Bank of India Consumption Fund
Direct · GrowthAI Summary
Bank of India Consumption Fund has delivered modest absolute returns, with a 1Y SIP XIRR of 2.7% versus the category average of 10.69%, indicating significant underperformance against sectoral/thematic peers. However, on a lump-sum basis it has consistently outperformed the NIFTY 50 across most periods, with a 1Y Fund CAGR of -5.25% against the benchmark's -11.43% and positive alpha of 2.90%. Long-term lump-sum CAGRs remain low (3Y: 2.59%, 5Y: 1.55%), suggesting weak absolute wealth creation despite relative resilience.
The fund exhibits defensive characteristics with a beta of 0.82-0.84 and downside capture of 75.85% versus upside capture of 87.24%, meaning it falls less than the market but also participates less in rallies. Only 2 drawdown events exceeding 10% have occurred, with the maximum drawdown lasting 145 days and recovering in 133 days. The 1Y Calmar ratio of 0.33 reflects modest risk-adjusted returns relative to the drawdown experienced.
The portfolio is diversified across 36 holdings with the top position, Bharti Airtel, at 9.62% of NAV, followed closely by ITC (7.09%) and Britannia (7.08%). Sector exposure is spread across consumption-linked themes, led by Automobiles (12.9%), Retailing (12.8%), and Telecom Services (12.1%), with no single sector dominating. The top 10 holdings account for roughly 50% of the portfolio, indicating moderate concentration at the stock level.
The fund trails its category meaningfully on SIP returns, with a 1Y XIRR of 2.7% against the category average of 10.69%, placing it in the lower tier of sectoral/thematic funds. Its consistent positive alpha versus NIFTY 50 across 1Y to 10Y periods shows relative strength against the broad market, though alpha diminishes over longer horizons (10Y alpha of just 0.01%). Calendar year returns have been uneven, ranging from -3.13% in 2026 to 12.67% in 2025.
This fund suits investors seeking targeted exposure to India's consumption theme as a satellite allocation rather than a core holding, given its thematic nature and modest absolute returns. A time horizon of at least 5-7 years is advisable to ride through sector cycles, and investors should tolerate periods of underperformance versus both peers and benchmarks. It is appropriate for those with moderate risk tolerance who value the fund's lower-than-market downside capture.
- Consistent positive alpha versus NIFTY 50 across 1Y to 7Y periods, including 2.90% alpha over 1Y
- Defensive downside capture of 75.85% with beta of 0.84, limiting losses in falling markets
- Diversified 36-stock portfolio with balanced sector spread across consumption-linked industries
- 1Y SIP XIRR of 2.7% significantly trails the category average of 10.69%
- Weak long-term absolute returns, with 5Y lump-sum CAGR of just 1.55%
- Higher expense ratio of 1.69% weighs on net returns in a fund already lagging peers
Generated on 21-10-2026, 3:04 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 | 3.8% | -20.3% | 25.1% |
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 | 3.8% | 14.3% | 10.7% | -10.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 5.0% | 4.6% | -4.9% | 16.8% | -0.29 | -0.34 | 84% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.90 | 0.82 | 81.1% | 75.8% | -5.3% | -11.4% |
| 3 Years | +2.52 | 0.84 | 87.2% | 79.2% | 2.6% | -1.2% |
| 5 Years | +1.09 | 0.84 | 87.2% | 79.2% | 1.6% | -0.7% |
| 7 Years | +0.46 | 0.84 | 87.2% | 79.2% | 1.1% | -0.5% |
| 10 Years | +0.01 | 0.84 | 87.2% | 79.2% | 0.8% | -0.4% |
| 12 Years | -0.17 | 0.84 | 87.2% | 79.2% | 0.6% | -0.3% |
| 15 Years | -0.35 | 0.84 | 87.2% | 79.2% | 0.5% | -0.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Limited | 9.62% |
| 2 | ITC Limited | 7.09% |
| 3 | Britannia Industries Limited | 7.08% |
| 4 | Hero MotoCorp Limited | 5.24% |
| 5 | Mahindra & Mahindra Limited | 4.68% |
| 6 | United Spirits Limited | 4.08% |
| 7 | FSN E-Commerce Ventures Limited | 3.97% |
| 8 | Avenue Supermarts Limited | 3.51% |
| 9 | Aditya Vision Ltd | 3.25% |
| 10 | Oberoi Realty Limited | 3.04% |