HSBC Consumption Fund reports 15.13% CAGR over three years

HSBC Mutual Fund’s HSBC Consumption Fund has completed three years since its inception in August 2023, reporting a 15.13% Compound Annual Growth Rate (CAGR). This performance outperformed its benchmark, the Nifty India Consumption TRI, which recorded a 14.81% return over the same period.

As of July 31, 2026, the fund managed assets under management (AUM) of ₹1,761.84 crore. The fund’s strategy involves investing at least 80% of its assets in companies benefiting from India’s consumption ecosystem, including sectors such as consumer durables, automobiles, retailing, beverages, telecom, healthcare, and leisure services.

Venugopal Manghat, CIO of Equities at HSBC Mutual Fund, noted that India’s consumption outlook is being driven by rising household incomes, favorable demographics, and increased financialization, suggesting long-term opportunities as the market continues to broaden and premiumize.