ITI Bharat Consumption Fund
Direct · GrowthAI Summary
The ITI Bharat Consumption Fund has delivered a 1Y SIP XIRR of -1.23%, significantly trailing the category average of 14.1%. However, on a lump-sum basis it has outperformed the NIFTY 50 across all periods, with a 1Y Fund CAGR of 5.5% versus -2.9% for the benchmark and a 1Y alpha of 8.06%. Calendar year returns of 18.13% in 2025 and 3.8% in 2026 show positive absolute performance recently.
The fund exhibits strong downside protection with a downside capture of 83.51% over 1Y and 80.54% over longer periods, well below its upside capture of 93-96%. Maximum drawdown was contained at -0.16% with a 162-day duration and 120-day recovery, and only one drawdown event exceeding 10% was recorded. The 1Y Calmar ratio of 0.1845 suggests modest risk-adjusted returns relative to the drawdown experienced.
The portfolio holds 51 stocks led by Bharti Airtel (6.97%), Eternal (5.57%), and Titan (4.72%), with a diversified consumption theme spanning telecom, retail, autos, and FMCG. Automobiles is the largest sector exposure at 21.9%, followed by Consumer Durables at 12.0% and Retailing at 10.7%. Top 10 holdings account for roughly 41.6% of NAV, indicating reasonable diversification within the thematic mandate.
The fund's 1Y SIP XIRR of -1.23% lags the category average of 14.1% by a wide margin, placing it among the weaker performers on SIP returns. On lump-sum CAGR, however, it has consistently beaten the NIFTY 50 with positive alpha across all periods from 1Y (8.06%) to 15Y (0.34%), though alpha narrows over longer horizons. This suggests recent SIP investors entered at less favorable points relative to peers.
This fund suits investors seeking thematic exposure to India's domestic consumption story who already hold diversified core equity funds. A time horizon of at least 5-7 years is appropriate given sectoral concentration risk and the current weak SIP returns. Investors should have moderate-to-high risk tolerance, as thematic funds can underperform diversified peers for extended periods.
- Consistent outperformance versus NIFTY 50 with positive alpha across all measured periods (1Y alpha of 8.06%, 3Y alpha of 4.16%)
- Strong downside protection with downside capture of 80.54% over 3Y-15Y, cushioning losses in weak markets
- Low maximum drawdown of -0.16% with only one drawdown event exceeding 10%, indicating contained loss severity
- 1Y SIP XIRR of -1.23% is dramatically below the category average of 14.1%, signaling poor recent SIP investor experience
- Sector concentration in Automobiles at 21.9% of the portfolio creates cyclical risk within the thematic mandate
Generated on 08-09-2026, 3:07 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 | ₹11.94 L | -1.2% | -23.4% | 17.7% |
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 | -1.2% | 14.4% | 14.1% | -15.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 3.0% | 2.9% | -3.6% | 10.2% | -1.13 | -0.76 | 87% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +8.06 | 0.96 | 95.8% | 83.5% | 5.5% | -2.9% |
| 3 Years | +4.16 | 0.91 | 93.2% | 80.5% | 6.8% | 2.3% |
| 5 Years | +2.22 | 0.91 | 93.2% | 80.5% | 4.1% | 1.4% |
| 7 Years | +1.41 | 0.91 | 93.2% | 80.5% | 2.9% | 1.0% |
| 10 Years | +0.81 | 0.91 | 93.2% | 80.5% | 2.0% | 0.7% |
| 12 Years | +0.57 | 0.91 | 93.2% | 80.5% | 1.7% | 0.6% |
| 15 Years | +0.34 | 0.91 | 93.2% | 80.5% | 1.3% | 0.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Limited | 6.97% |
| 2 | Eternal Limited | 5.57% |
| 3 | Titan Company Limited | 4.72% |
| 4 | Maruti Suzuki India Limited | 4.57% |
| 5 | Mahindra & Mahindra Limited | 4.54% |
| 6 | ITC Limited | 3.91% |
| 7 | TVS Motor Company Limited | 3.02% |
| 8 | Nestle India Limited | 2.87% |
| 9 | Hindustan Unilever Limited | 2.76% |
| 10 | Apollo Hospitals Enterprise Limited | 2.66% |