HSBC Consumption Fund Completes 3 Years, Returns 15.13% CAGR

HSBC Mutual Fund's HSBC Consumption Fund has completed three years since its launch in August 2023. The fund has delivered an annual growth rate of 15.13 percent under its Regular Growth Option, outperforming its benchmark, the Nifty India Consumption TRI.

The benchmark generated a 14.81 percent return over the period. A lump-sum investment of Rs 1 lakh at the fund's inception would have increased to Rs 1,50,830 by July 31, 2026. In comparison, the same amount invested in the benchmark would have grown to Rs 1,49,640.

A systematic investment plan of Rs 10,000 started at inception would have reached Rs 4,00,607. The same SIP linked to the benchmark would have been worth Rs 3,96,495. The scheme had assets under management of Rs 1,761.84 crore as of July 31, 2026.

The fund invests at least 80 percent of its money in companies involved in consumption or businesses expected to benefit from rising consumer demand. Its portfolio covered consumer durables, automobiles, retail, beverages, telecom services, healthcare services, and leisure services as of July 31, 2026.

Investments were spread across large-cap, mid-cap, and small-cap companies. The strategy focuses on businesses that could gain from higher consumption, wider product use, and growing demand for premium goods and services.

Venugopal Manghat, Chief Investment Officer for Equities at HSBC Mutual Fund, said India's consumption story was moving beyond traditional drivers. Rising household incomes, favourable demographics, increasing financialisation, and better access to products and services were supporting long-term opportunities.

The fund is managed by Anish Goenka, and Mayank Chaturvedi manages overseas investments, wherever applicable, from October 1, 2025. Investors should note that past performance does not guarantee future returns, and consumption-focused equity schemes remain exposed to stock-market, sector-concentration, and economic-cycle risks.

The completion of three years marks a significant milestone for the HSBC Consumption Fund, and its performance has been impressive. The fund's focus on consumption growth and its diversified portfolio have contributed to its success.

In the context of the Indian economy, the consumption theme remains strong. India's consumer market is becoming broader and more premium, supporting the fund house's long-term view on the theme. The fund's performance is a testament to the growth potential of the Indian consumption story.

Overall, the HSBC Consumption Fund's completion of three years is a significant achievement, and its performance has been impressive. The fund's focus on consumption growth and its diversified portfolio have contributed to its success, and it remains an attractive option for investors looking to tap into India's growing consumer market.

The significance of this achievement lies in the fact that the fund has consistently outperformed its benchmark, demonstrating the effectiveness of its investment strategy. The fund's performance is a reflection of the growth potential of the Indian economy, particularly in the consumption sector.

In conclusion, the HSBC Consumption Fund's completion of three years marks a significant milestone, and its performance has been impressive. The fund's focus on consumption growth and its diversified portfolio have contributed to its success, and it remains an attractive option for investors looking to tap into India's growing consumer market.