The Mirae Asset Great Consumer Fund, launched in March 2011, has delivered an SIP return of around 15.4% since inception. A total investment of ₹17.9 lakh through monthly SIPs grew to ₹62.91 lakh as of February 27, 2026, data showed.
On a lump sum basis, ₹10,000 invested at inception would have grown to about ₹88,855 over the same period, translating into a compounded annual growth rate (CAGR) of 15.76%. This compares with about ₹79,430 generated by its benchmark, the Nifty India Consumption Index TRI.
The fund, managed by Siddhant Chhabria, manages assets worth about ₹4,472 crore. It invests in companies linked to domestic consumption, with exposure across sectors such as consumer durables, automobiles, retail, telecom, and FMCG.
Top holdings include companies such as Mahindra & Mahindra Ltd., Maruti Suzuki India Ltd., Titan Company Ltd., and Bharti Airtel Ltd., reflecting a tilt towards discretionary and consumption-driven businesses.
Performance has varied across timeframes. While the fund has delivered competitive long-term returns, it slightly underperformed its benchmark over shorter periods such as one year and three years. One-year SIP returns were negative at around -3.6%, highlighting near-term volatility in the theme.
Sectoral or thematic funds such as consumption-focused schemes tend to be more concentrated than diversified equity funds, making them more sensitive to economic cycles and sector-specific trends. Analysts generally caution that while long-term SIP returns may appear strong, such outcomes depend on sustained investment discipline and favourable market conditions.
Investors must assess their risk appetite and diversify across fund categories, rather than relying heavily on a single theme, especially in periods of market correction or shifting consumption trends.
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First Published: Apr 1, 2026 12:04 PM IST
