These schemes are benchmarked against Nifty India Consumption - TRI, S&P BSE 100 - TRI, NIFTY FMCG - TRI, and S&P BSE Consumer Discretionary Goods & Services - TRI. These benchmarks gave 42.94%, 34.82%, 18.60%, and 64.36% return in the last one year.
Thematic funds investing in consumption theme offered an average return of around 5.95% in one month. The category offered around 10.94% return in three months, and 17.22% in one year.
At least seven mutual fund schemes managed by ICICI Prudential Mutual Fund have managed to top the chart in their respective categories during the past 12 months. Sankaran Naren, ED and CIO, ICICI Prudential AMC , explains how.