Tata India Consumer Fund
Direct · GrowthAI Summary
Tata India Consumer Fund has delivered strong SIP XIRR of 18.94% over 3Y, 18.67% over 5Y, and 16.5% over 10Y, outperforming the category average SIP XIRR across 3Y, 5Y, and 7Y horizons. Against the NIFTY 50, the fund has generated consistent alpha of 7.72% to 9.81% across 1Y to 10Y periods, with the 10Y Fund CAGR of 17.53% nearly 6.7 percentage points ahead of the benchmark's 10.79%. The only soft spot is the 1Y SIP XIRR of 11.65%, which trails the category average of 14.1%.
The fund exhibits a defensive risk profile versus the NIFTY 50, with beta of 0.75 to 0.89 and downside capture consistently below 70%, meaning it falls less than the benchmark in down markets. It has experienced 6 drawdown events greater than 10%, with the maximum drawdown lasting 570 days and taking 235 days to recover, which highlights the extended recovery periods typical of sectoral funds. Calmar ratios of roughly 0.53 to 0.61 across horizons indicate moderate risk-adjusted returns relative to peak-to-trough losses.
The portfolio is concentrated in consumer-facing sectors, led by Consumer Durables at 18.0%, Retailing at 17.1%, and Beverages at 13.5%, with top holdings Eternal (7.93%) and Titan (7.87%) anchoring the book. With 33 total holdings and a top-10 allocation spread across retailing, beverages, and food products, the fund offers reasonable single-stock diversification but retains meaningful sector concentration. The 3.35% position in BSE Ltd (Capital Markets) is a notable non-consumer exposure.
The fund beats the category average SIP XIRR over 3Y (18.94% vs 16.82%), 5Y (18.67% vs 16.95%), and 7Y (18.33% vs 16.51%), though it lags over 1Y (11.65% vs 14.1%) and 10Y (16.5% vs 16.71%). Calendar year returns show strong consistency in favorable years, including 75.42% in 2017, 37.82% in 2023, and 27.99% in 2024, but flat-to-negative results in 2018, 2019, 2022, and 2025. This pattern reflects the cyclical nature of consumer sector performance rather than fund-specific weakness.
This fund is suitable for investors with high risk tolerance who want a tactical or satellite allocation to India's consumption theme, not as a core portfolio holding. A horizon of at least 5 to 7 years is advisable, given the 570-day maximum drawdown duration and the sector's multi-year cycles of outperformance and underperformance. Investors should be comfortable with periods of flat or negative returns, as seen in 2018, 2019, 2022, and 2025.
- Consistent alpha of 7.72% to 9.81% versus the NIFTY 50 across 1Y to 10Y periods, with 10Y Fund CAGR of 17.53% versus the benchmark's 10.79%
- Superior SIP XIRR to the category average over 3Y, 5Y, and 7Y horizons, including 18.94% over 3Y versus 16.82% for the category
- Defensive downside capture below 70% across all measured periods, limiting losses relative to the benchmark in falling markets
- High sector concentration in consumer-facing industries, with the top three sectors (Consumer Durables, Retailing, Beverages) accounting for 48.6% of the portfolio
- Extended drawdown characteristics, including a maximum drawdown lasting 570 days with 235 days to recovery and 6 drawdown events exceeding 10%
- Recent underperformance versus category peers, with 1Y SIP XIRR of 11.65% trailing the category average of 14.1%
Generated on 06-09-2026, 7:51 PM. 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 | ₹12.92 L | 19.9% | -43.5% | 71.6% |
| 3 Years | ₹36.00 L | ₹46.13 L | 16.7% | -15.1% | 38.5% |
| 5 Years | ₹60.00 L | ₹92.70 L | 18.3% | 8.8% | 31.2% |
| 7 Years | ₹84.00 L | ₹1.58 Cr | 18.2% | 12.8% | 25.0% |
| 10 Years | ₹1.20 Cr | ₹2.76 Cr | 16.2% | 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 | 19.9% | 14.4% | 14.1% | +5.5% |
| 3 Years | 16.7% | 11.1% | 16.8% | +5.6% |
| 5 Years | 18.3% | 10.4% | 16.9% | +7.9% |
| 7 Years | 18.2% | 10.6% | 16.5% | +7.6% |
| 10 Years | 16.2% | 11.5% | 16.7% | +4.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.7% | 15.0% | -23.4% | 82.7% | 0.68 | 2.56 | 86% | — | — |
| 3 Years | 17.4% | 18.7% | 2.2% | 28.4% | 1.91 | 28.21 | 100% | — | — |
| 5 Years | 17.9% | 18.4% | 9.2% | 26.7% | 2.67 | — | 100% | — | — |
| 10 Years | 17.7% | 17.7% | 16.6% | 18.8% | 29.03 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +9.81 | 0.89 | 84.5% | 69.3% | 8.0% | -2.9% |
| 3 Years | +9.44 | 0.79 | 82.3% | 68.3% | 16.9% | 7.8% |
| 5 Years | +8.28 | 0.79 | 81.0% | 69.1% | 15.8% | 7.8% |
| 7 Years | +8.12 | 0.75 | 75.8% | 65.5% | 18.6% | 11.8% |
| 10 Years | +7.72 | 0.77 | 80.0% | 69.8% | 17.5% | 10.8% |
| 12 Years | +6.43 | 0.77 | 79.7% | 69.7% | 15.4% | 9.8% |
| 15 Years | +4.73 | 0.77 | 79.7% | 69.7% | 12.2% | 7.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ETERNAL LTD | 7.93% |
| 2 | TITAN COMPANY LTD | 7.87% |
| 3 | NESTLE INDIA LTD | 5.94% |
| 4 | RADICO KHAITAN LTD | 5.04% |
| 5 | VARUN BEVERAGES LTD | 4.92% |
| 6 | CARTRADE TECH LTD | 4.58% |
| 7 | TATA CONSUMER PRODUCTS LTD | 4.19% |
| 8 | UNITED SPIRITS LTD | 3.51% |
| 9 | TRENT LTD | 3.44% |
| 10 | BSE LTD | 3.35% |