Bank of India Consumption Fund
Direct · GrowthAI Summary
The Bank of India Consumption Fund has delivered a 1-year XIRR of 3.38%, which is significantly below the category average of 14.1% for the same period. Over longer horizons, the fund's CAGR has consistently lagged the NIFTY 50 benchmark, though it has shown positive alpha over 1 to 10 years, with negative alpha only in the 12- and 15-year periods. The fund's 1-year rolling return of 6.43% is modest, indicating weak recent performance relative to peers.
The fund exhibits moderate volatility with a beta of 0.82 against the NIFTY 50, and it has experienced a maximum drawdown of -15.16% with a recovery period of 133 days. The Calmar ratio of 0.42 for the 1-year period suggests that returns are not particularly strong relative to the drawdown risk taken. The fund has had two drawdown events exceeding 10%, indicating that it is not immune to significant market downturns.
The fund's top 10 holdings account for approximately 51.6% of the portfolio, with the largest positions in Bharti Airtel (9.62%), ITC (7.09%), and Britannia (7.08%). Sector concentration is notable, with Automobiles (12.9%), Retailing (12.8%), and Telecom Services (12.1%) being the top three sectors, which together make up over 37% of the portfolio. The fund holds 36 stocks, providing some diversification, but the thematic focus on consumption is evident.
The fund significantly underperforms its category peers, with a 1-year XIRR of 3.38% versus the category average of 14.1%, and similar underperformance is likely across longer horizons given the category averages are in the mid-teens. The fund's returns have been inconsistent, with a strong 2025 (12.67%) but a flat 2024 (0.0%) and a modest 2026 (3.04%). This suggests that the fund has not been able to capitalize on market opportunities as effectively as its peers.
This fund is suitable for investors with a high risk tolerance who are looking for thematic exposure to the consumption sector and are willing to accept potential underperformance relative to broader benchmarks. Given the fund's recent poor performance and high expense ratio of 1.69%, a long-term investment horizon of at least 5-7 years is recommended to potentially ride out market cycles. Investors seeking consistent returns or lower costs may find better alternatives in diversified funds or index funds.
- Positive alpha over 1 to 10 years, indicating the fund has added value over the benchmark in most periods.
- Lower downside capture (73.71% for 1Y) suggests the fund loses less than the benchmark in down markets.
- Diversified across 36 stocks with a focus on consumption themes, providing exposure to defensive sectors like FMCG and telecom.
- Significant underperformance versus category average (3.38% vs 14.1% 1Y XIRR), indicating poor relative returns.
- High expense ratio of 1.69% which can erode returns, especially in a low-return environment.
Generated on 29-08-2026, 2:52 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 | ₹12.04 L | 3.4% | -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 | 3.4% | 14.4% | 14.1% | -11.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 6.4% | 6.1% | -3.3% | 16.8% | -0.01 | -0.02 | 95% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.10 | 0.82 | 85.1% | 73.7% | 4.9% | -2.9% |
| 3 Years | +3.14 | 0.83 | 87.9% | 77.6% | 4.7% | 0.6% |
| 5 Years | +1.42 | 0.83 | 87.9% | 77.6% | 2.8% | 0.4% |
| 7 Years | +0.69 | 0.83 | 87.9% | 77.6% | 2.0% | 0.3% |
| 10 Years | +0.16 | 0.83 | 87.9% | 77.6% | 1.4% | 0.2% |
| 12 Years | -0.06 | 0.83 | 87.9% | 77.6% | 1.2% | 0.1% |
| 15 Years | -0.26 | 0.83 | 87.9% | 77.6% | 0.9% | 0.1% |
| # | 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% |