THEBUSINESSBYTES BUREAU

BHUBANESWAR, AUGUST 25, 2026

HSBC Mutual Fund’s HSBC Consumption Fund, an open-ended equity scheme following the consumption theme, has completed three years since its inception in August 2023, delivering a 15.13 per cent CAGR since inception under the Regular Growth Option. The fund outperformed its benchmark, the Nifty India Consumption TRI, which delivered a 14.81 per cent return over the same period.

The fund had assets under management (AUM) of ₹1,761.84 crore as of July 31, 2026. A lump-sum investment of ₹1 lakh made at inception would have grown to ₹1,50,830 as of July 31, 2026, compared with ₹1,49,640 for the benchmark. Similarly, a monthly SIP of ₹10,000 since inception would have grown to ₹4,00,607, against ₹3,96,495 for the benchmark.

The fund has therefore outperformed its benchmark since inception across both lump-sum and SIP investments.

The performance reflects the fund’s focused approach to India’s evolving consumption opportunity. HSBC Consumption Fund seeks to invest a minimum of 80 per cent of its assets in companies engaged in, or expected to benefit from, consumption and consumption-related activities. This enables investors to participate in structural trends spanning India’s broadening consumption ecosystem.

Venugopal Manghat, CIO – Equities, HSBC Mutual Fund, said, “India’s consumption outlook is progressing beyond the traditional growth narrative, underpinned by rising household incomes, favourable demographics, increasing financialisation, and improved access to products and services. We see these structural shifts creating broad, long-term opportunities across consumption-driven businesses. As India’s consumption market continues to broaden and premiumise, we remain constructive on the long-term potential of this theme.”

As of July 31, 2026, the HSBC Consumption Fund portfolio was diversified across several consumption-led segments, including consumer durables, automobiles, retailing, beverages, telecom services, healthcare services and leisure services. The portfolio also spans large-, mid- and small-cap companies, providing exposure to different segments of India’s consumption opportunity.

Over the past three years, the fund has benefited from exposure to businesses positioned to participate in changing consumption patterns in India. Its investment approach remains focused on identifying companies expected to benefit from rising consumption, increasing penetration and premiumisation across various categories.