Mirae Asset Great Consumer Fund: Built around the consumption theme, this fund has delivered impressive returns over a 15-year period. With a 25% return over five years, a monthly investment of ₹10,000 via SIP could have grown to a corpus of ₹63 lakhs.

Mirae Asset Great Consumer Fund: India's rapidly growing consumption sector has emerged as a significant opportunity for investment. Based on this very theme, Mirae Asset Mutual Fund has garnered considerable attention over the past few years by delivering spectacular returns to investors. Launched approximately 15 years ago by Mirae Asset Mutual Fund, this fund has successfully leveraged the inherent strength of the consumption sector to generate substantial profits for investors. Ultimately, the question arises: What exactly did this fund do to generate such significant gains for its investors?

Fund Size and Performance

The fund currently holds Assets Under Management (AUM) of approximately ₹4,500 crore. Furthermore, it has demonstrated exceptional performance over the last few years.

A Compound Annual Growth Rate (CAGR) return of approximately 25% over the last five years.
A CAGR return of approximately 15.4% on SIP investments since its inception in 2011.
Had an investor initiated a monthly SIP of ₹10,000 right from the fund's inception, their total investment value today would have grown to approximately ₹62.9 lakhs.

Benefits for Lump-Sum Investors as Well

It is worth noting that this fund has delivered handsome returns not only to SIP investors but also to those who opted for a lump-sum investment. If an investor had made an initial lump-sum investment of ₹10,000 at the outset, that amount would today exceed ₹88,000. Based on this calculation, the fund's CAGR stands at approximately 15.76%.

Where Does It Invest? This fund invests in consumption-related sectors, such as:

Consumer Durables
Automobiles
Retail
Telecom
FMCG
Its portfolio includes major companies like Mahindra & Mahindra, Maruti Suzuki, Titan Company, and Bharti Airtel.

What is the Expert's Advice?

According to Fund Manager Siddharth Chhabria, it is crucial to maintain a minimum investment horizon of five years when investing in such thematic funds. He believes that the consumer discretionary sector—comprising segments like jewelry, fashion, and retail—has the potential for rapid growth, potentially delivering returns that are 1.5 to 2 times higher than the GDP growth rate.

A Positive Outlook on Quick Commerce and Digital Platforms

However, his stance regarding the FMCG sector is somewhat cautious, as margins in this space are currently at peak levels and competition is intensifying. Within FMCG, he views the food category as a more promising avenue compared to personal care. Conversely, he maintains a positive outlook on quick commerce and digital platforms, noting that profitability within these sectors is gradually strengthening.