COMPARE
Nippon India Consumption Fund - Direct Plan Growth Plan - Growth Option vs Nippon India Japan Equity Fund- Direct Plan- Growth Plan- Growth Option
Nippon India Consumption Fund and Nippon India Japan Equity Fund- are both in the Thematic Fund category, from Nippon Life India Asset Management Limited. Nippon India Japan Equity Fund- has posted a higher 3-year rolling CAGR. Nippon India Consumption Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Nippon India Consumption Fund has the lower direct-plan expense ratio, by 0.47 percentage points.
| Nippon India Consumption Fund - Direct Plan Growth Plan - Growth Option | Nippon India Japan Equity Fund- Direct Plan- Growth Plan- Growth Option | |
|---|---|---|
| Category | Thematic Fund | Thematic Fund |
| AMC | Nippon Life India Asset Management Limited | Nippon Life India Asset Management Limited |
| Benchmark | Nifty India Consumption TRI | S&P JAPAN 500 TRI |
| NAV | ₹202.5547 (2026-10-28) | ₹31.1282 (2026-10-28) |
| AUM | ₹2,167.816 Cr | ₹340.048 Cr |
| Expense Ratio (Direct) | 0.9% | 1.37% |
| Inception | 2004-09-16 | 2014-08-08 |
Returns
Nippon India Japan Equity Fund- leads on 3-year rolling CAGR (8.2% vs Nippon India Consumption Fund's 16.8%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Nippon India Japan Equity Fund- has been the more volatile of the two by standard deviation.
Portfolio Analytics
Punji Fund Health Score
Nippon India Japan Equity Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Nippon India Consumption Fund or Nippon India Japan Equity Fund-?
Nippon India Japan Equity Fund-'s 3-year rolling CAGR of 8.2% is higher than Nippon India Consumption Fund's 16.8%. Nippon India Japan Equity Fund- sits in the 13th percentile of its category on this metric, versus the 45th percentile for Nippon India Consumption Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Nippon India Consumption Fund or Nippon India Japan Equity Fund-?
Nippon India Consumption Fund's direct-plan expense ratio is 0.47 percentage points lower than Nippon India Japan Equity Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Nippon India Consumption Fund or Nippon India Japan Equity Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), Nippon India Japan Equity Fund- has been more volatile than Nippon India Consumption Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (-0.05 for Nippon India Consumption Fund vs 0.94 for Nippon India Japan Equity Fund-) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Nippon India Consumption Fund or Nippon India Japan Equity Fund-?
Nippon India Consumption Fund has ₹2,168 Cr in assets under management, versus ₹340 Cr for Nippon India Japan Equity Fund-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Nippon India Consumption Fund or Nippon India Japan Equity Fund-?
Nippon India Consumption Fund launched on 2004-09-16, making it older than Nippon India Japan Equity Fund- (launched 2014-08-08). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.