Tata India Consumer Fund
Direct · GrowthAI Summary
Tata India Consumer Fund has delivered strong SIP XIRR of 17.83% over 3 years and 18.3% over 5 years, consistently ahead of the category average of 16.17% and 17.43% respectively. On a lump-sum basis, the fund's CAGR has beaten NIFTY 50 across all periods, with 15.31% vs 9.98% over 7 years and 16.13% vs 10.33% over 10 years. However, the 1-year XIRR of 12.38% and flat calendar year returns in 2025 (-1.3%) and 2026 (0.08%) indicate recent softness after strong 2023-24 performance.
The fund shows a defensive profile with beta ranging from 0.75 to 0.87 against NIFTY 50 and downside capture consistently below 75%, meaning it has lost less than the index during declines. It has experienced 7 drawdown events exceeding 10%, with the maximum drawdown taking 570 days of duration and 235 days to recover, indicating meaningful drawdown risk despite the strong Calmar ratios of 0.53-0.60. The favorable downside capture combined with alpha of 6.68% over 10 years suggests risk-adjusted outperformance through market cycles.
The portfolio is concentrated in 33 holdings, with ETERNAL (9.73%), Titan (6.91%), and Nestle India (5.71%) as the top positions. Beverages companies (Radico Khaitan, Varun Beverages, United Spirits, ITC) collectively account for a significant chunk at around 13.2% exposure, while Consumer Durables (18.0%) and Retailing (15.4%) are the largest sectors. Notably, Ather Energy (Automobiles, 4.0%) and Capital Markets exposure (6.0%) stretch the definition of a pure consumer fund.
The fund leads its sectoral/thematic peer group, with XIRR above category average across all tracked horizons: 12.38% vs 10.56% over 1Y, 17.83% vs 16.17% over 3Y, and 16.05% vs 16.43% over 10Y (the 10Y exception is marginal). Long-term lump-sum alpha of 4.4-6.7% versus NIFTY 50 over 7Y, 12Y, and 15Y periods demonstrates durable outperformance with consistency. Calendar year returns are volatile, as expected for a sector fund, ranging from 75.42% in 2017 to near-flat in 2015, 2018, 2019, and 2025.
This fund suits investors with high risk tolerance seeking tactical or satellite exposure to India's consumption theme, not core portfolio allocation. A time horizon of at least 5-7 years is appropriate given the sector cyclicality, long drawdown recovery periods, and multi-year flat stretches seen in 2018-2019 and 2025-2026. Investors should be comfortable with sharp return dispersion across calendar years and avoid overexposure alongside other consumer-heavy funds.
- SIP XIRR above category average across 1Y (12.38% vs 10.56%), 3Y (17.83% vs 16.17%), and 5Y (18.3% vs 17.43%) horizons
- Consistent alpha of 4.4-6.7% versus NIFTY 50 across 7Y to 15Y periods with downside capture at or below 71%, aiding risk-adjusted returns
- Defensive market profile with beta of 0.73-0.87 and a reasonable 0.8% expense ratio in the sector fund category
- Recent performance is weak, with calendar year returns near zero in 2025 (-1.3%) and 2026 (0.08%) following the strong 2023-24 run
- Concentration risk with top holdings like ETERNAL at 9.73% and significant non-core exposures such as Capital Markets (6.0%) and Ather Energy within a consumer theme fund
Generated on 01-11-2026, 3:06 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 | ₹12.91 L | 19.7% | -43.5% | 71.6% |
| 3 Years | ₹36.00 L | ₹45.99 L | 16.5% | -15.1% | 38.5% |
| 5 Years | ₹60.00 L | ₹92.25 L | 18.2% | 8.8% | 31.2% |
| 7 Years | ₹84.00 L | ₹1.57 Cr | 18.1% | 12.8% | 25.0% |
| 10 Years | ₹1.20 Cr | ₹2.75 Cr | 16.1% | 13.6% | 18.4% |
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 | 19.7% | 14.3% | 10.6% | +5.4% |
| 3 Years | 16.5% | 11.0% | 16.2% | +5.4% |
| 5 Years | 18.2% | 10.4% | 17.4% | +7.8% |
| 7 Years | 18.1% | 10.6% | 16.6% | +7.5% |
| 10 Years | 16.1% | 11.4% | 16.4% | +4.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.3% | 14.3% | -23.4% | 82.7% | 0.66 | 2.50 | 86% | — | — |
| 3 Years | 17.3% | 18.6% | 2.2% | 28.4% | 1.91 | 28.37 | 100% | — | — |
| 5 Years | 17.8% | 18.1% | 9.2% | 26.7% | 2.63 | — | 100% | — | — |
| 10 Years | 17.5% | 17.6% | 15.8% | 18.8% | 18.03 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.48 | 0.87 | 82.8% | 74.5% | -3.2% | -10.9% |
| 3 Years | +6.65 | 0.79 | 81.1% | 71.0% | 13.1% | 6.4% |
| 5 Years | +6.74 | 0.79 | 80.7% | 70.7% | 12.2% | 5.2% |
| 7 Years | +6.22 | 0.75 | 74.9% | 66.5% | 15.3% | 10.0% |
| 10 Years | +6.68 | 0.77 | 79.4% | 70.4% | 16.1% | 10.3% |
| 12 Years | +6.00 | 0.77 | 79.6% | 70.3% | 14.7% | 9.3% |
| 15 Years | +4.40 | 0.77 | 79.6% | 70.3% | 11.6% | 7.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ETERNAL LTD | 9.73% |
| 2 | TITAN COMPANY LTD | 6.91% |
| 3 | NESTLE INDIA LTD | 5.71% |
| 4 | RADICO KHAITAN LTD | 5.54% |
| 5 | CARTRADE TECH LTD | 4.98% |
| 6 | VARUN BEVERAGES LTD | 4.15% |
| 7 | ATHER ENERGY LTD | 4.00% |
| 8 | TATA CONSUMER PRODUCTS LTD | 3.67% |
| 9 | UNITED SPIRITS LTD | 3.49% |
| 10 | ITC LTD | 3.13% |