The Nifty India Consumption Index has demonstrated superior long-term performance compared to the broader market benchmark. According to reports from Mint, the index generated a CAGR of 13.31% over the last 10 years, while its 5-year and 3-year CAGR stood at 14.07% and 13.07% respectively. In contrast, the Nifty 50 TRI delivered annualised returns of 9.03%, 10.35%, and 12.63% over the 3-year, 5-year, and 10-year periods respectively. This performance gap translates to significant wealth creation, with an investment of ₹10,000 in the Nifty India Consumption Index 10 years ago growing to approximately ₹34,900, while the same investment in the Nifty 50 would have been worth around ₹32,800 over the same period.
The Nifty India Consumption Index tracks 30 companies across sectors linked to India's consumption story, with FMCG accounting for the largest share. As reported by Mint, the index maintains diversification across automobiles, consumer durables, consumer services, telecom, healthcare, power, and realty sectors. Key constituents include Bharti Airtel, ITC, Mahindra & Mahindra, Eternal, and Hindustan Unilever. The index composition reflects India's domestic consumption theme while providing exposure to multiple growth sectors within the consumption ecosystem.
According to Value Research data as of June 30, 2026, the Nippon India ETF Nifty India Consumption leads the category with ₹199 crore in assets under management, followed by the ICICI Prudential Nifty India Consumption ETF managing ₹55 crore. The Mirae Asset Nifty India New Age Consumption ETF holds ₹52 crore in AUM, while the Kotak NIFTY India Consumption ETF manages ₹35 crore and the SBI Nifty Consumption ETF holds ₹23 crore. Over the last 5 years, the Nippon India ETF Nifty India Consumption delivered an annualised return of 13.63%, while the ICICI Prudential Nifty India Consumption ETF gave 12.78% returns over the last 3 years.
As reported by Mint, ETFs tracking the consumption theme have also outperformed the broader market. The Nippon India ETF Nifty India Consumption delivered an annualised return of 13.63% over the last 5 years, while the ICICI Prudential Nifty India Consumption ETF gave 12.78% returns over the last 3 years. These performance figures demonstrate that consumption-focused ETFs have consistently generated higher returns compared to the benchmark index, supporting the investment thesis for India's long-term consumption story through diversified sector exposure.
