Mahindra Manulife Consumption Fund vs Tata India Consumer Fund
Mahindra Manulife Consumption Fund and Tata India Consumer Fund are both Consumption Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +10.42% vs +14.76%, 5-year CAGR +11.30% vs +13.87%, volatility 16.10% vs 17.46%, maximum drawdown −33.98% vs −32.46%. Their portfolios overlap by 39.8% (17 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | Tata Mutual Fund |
| Compared as | Consumption Funds | Consumption Funds |
| NAV | ₹25.0920 | ₹55.9948 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 16 Nov 2018 | 29 Dec 2015 |
| Track record | 8.0 yrs | 10.9 yrs |
| Fund size (AUM) | ₹454 Cr | ₹2,723 Cr |
| Securities held | 48 | 35 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| 1 month | +4.90% | +4.74% |
| 3 months | −2.11% | −0.58% |
| 6 months | +2.27% | +7.23% |
| 1 year | −3.76% | +6.30% |
| 3 years (CAGR) | +10.42% | +14.76% |
| 5 years (CAGR) | +11.30% | +13.87% |
| 7 years (CAGR) | +13.25% | +16.63% |
| 10 years (CAGR) | — | +17.31% |
| Since launch (CAGR) | +12.20% | +17.15% |
| SIP return (XIRR, 5 years) ⓘ | +9.53% | +14.43% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| 2026 (year to date) | −3.29% | +6.59% |
| 2025 | +3.05% | −0.88% |
| 2024 | +23.44% | +28.28% |
| 2023 | +29.08% | +37.48% |
| 2022 | +9.53% | +2.38% |
| 2021 | +24.56% | +29.19% |
Risk
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.10% | 17.46% |
| Downside volatility ⓘ | 11.89% | 11.60% |
| Sharpe ratio ⓘ | 0.24 | 0.47 |
| Sortino ratio ⓘ | 0.33 | 0.71 |
| Maximum drawdown ⓘ | −33.98% | −32.46% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −11.16% | −1.98% |
| Rolling 1-year return: worst | −27.12% | −23.44% |
| Rolling 1-year return: median | +10.80% | +14.26% |
| Rolling 1-year return: best | +65.95% | +82.70% |
| Share of 1-year periods with a loss | 19.51% | 13.79% |
Against each fund's benchmark
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| Beta ⓘ | 0.96 | 1.00 |
| Alpha (Jensen's, annualised) ⓘ | −1.07% | +2.86% |
| R² ⓘ | 86.32 | 79.14 |
| Upside capture | 98.59% | 108.63% |
| Downside capture | 105.72% | 96.06% |
| Tracking error | 6.04% | 8.02% |
| Information ratio | -0.24 | 0.35 |
| Treynor ratio | 2.32 | 6.53 |
Portfolio
Asset mix
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| Equity | 98.43% | 90.98% |
| Cash & equivalents | 1.55% | 9.02% |
Market-cap split (share of fund assets)
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| Large Cap | 59.96% | 45.62% |
| Mid Cap | 14.53% | 19.71% |
| Small Cap | 23.94% | 24.59% |
| Unclassified | 0.00% | 1.06% |
Concentration
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| Top 10 holdings | 42.20% | 51.31% |
| Effective number of stocks ⓘ | 33.7 | 26.6 |
| Securities held | 48 | 35 |
Portfolio overlap: 39.8%
17 companies are held by both funds; by weight, 39.8% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Mahindra Manulife Consumption | Tata India Consumer |
|---|---|---|
| Eternal Limited | 6.73% | 9.73% |
| Titan Company Limited | 4.47% | 6.91% |
| ITC Limited | 3.06% | 3.13% |
| Bajaj Auto Limited | 3.84% | 2.87% |
| Maruti Suzuki India Limited | 2.87% | 2.57% |
| Radico Khaitan Limited | 2.41% | 5.54% |
| Varun Beverages Limited | 2.21% | 4.15% |
| LG Electronics India Ltd | 2.06% | 2.98% |
| Tata Consumer Products Limited | 2.05% | 3.67% |
| Bharti Airtel Limited | 6.72% | 1.86% |
| Multi Commodity Exchange of India Limited | 1.81% | 2.32% |
| Doms Industries Limited | 1.78% | 2.16% |
| Dixon Technologies (India) Limited | 1.45% | 1.95% |
| Mahindra & Mahindra Limited | 6.25% | 1.36% |
| Swiggy Limited | 1.20% | 1.41% |
Top 10 holdings
Mahindra Manulife Consumption
- Eternal Limited6.73%
- Bharti Airtel Limited6.72%
- Mahindra & Mahindra Limited6.25%
- Titan Company Limited4.47%
- Bajaj Auto Limited3.84%
- Trent Limited3.17%
- ITC Limited3.06%
- Maruti Suzuki India Limited2.87%
- TVS Motor Company Ltd.2.58%
- Hindustan Unilever Ltd.2.51%
Tata India Consumer
- Eternal Limited9.73%
- Titan Company Limited6.91%
- Nestle India Limited5.71%
- Radico Khaitan Limited5.54%
- Cartrade Tech Limited4.98%
- Varun Beverages Limited4.15%
- Ather Energy Limited4.00%
- Tata Consumer Products Limited3.67%
- United Spirits Limited3.49%
- ITC Limited3.13%
Sector exposure
| Mahindra Manulife Consumption | Tata India Consumer | |
|---|---|---|
| Consumer Durables | 14.60% | 17.98% |
| Automobiles | 17.07% | 10.80% |
| Retailing | 16.84% | 16.79% |
| Beverages | 6.51% | 13.18% |
| Food Products | 4.65% | 8.21% |
| Telecom - Services | 8.08% | 1.86% |
| Diversified FMCG | 6.97% | 3.13% |
| Capital Markets | 1.81% | 5.98% |
| Auto Components | 3.69% | 4.30% |
| Agricultural Food & other Products | 2.05% | 3.67% |
| Leisure Services | 3.02% | 0.00% |
| Transport Services | 2.28% | 0.00% |
| Household Products | 1.78% | 2.16% |
| Cigarettes & Tobacco Products | 1.67% | 0.00% |
Questions people ask
What is the difference between Mahindra Manulife Consumption and Tata India Consumer returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return −3.76% vs +6.30%; 3-year CAGR +10.42% vs +14.76%; 5-year CAGR +11.30% vs +13.87%; 10-year CAGR — vs +17.31%. Past returns do not indicate future returns.
How do Mahindra Manulife Consumption and Tata India Consumer compare on risk?
Volatility (36 monthly returns, annualised) 16.10% vs 17.46%; Sharpe ratio 0.24 vs 0.47; Sortino ratio 0.33 vs 0.71; maximum drawdown −33.98% vs −32.46%; beta 0.96 vs 1.00.
How much do Mahindra Manulife Consumption and Tata India Consumer overlap?
By weight, 39.8% of the two portfolios is invested in the same companies; 17 stocks are held by both, the largest shared positions being Eternal Limited, Titan Company Limited, ITC Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Mahindra Manulife Consumption and Tata India Consumer?
Mahindra Manulife Consumption: large cap 60.0%, mid cap 14.5%, small cap 23.9%. Tata India Consumer: large cap 45.6%, mid cap 19.7%, small cap 24.6% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.