A consumption fund is a type of thematic mutual fund that invests in companies engaged in or expected to benefit from consumption and consumption-related activities. This can include sectors such as FMCG, automobiles, consumer services, consumer durables, telecommunications, healthcare, power, and realty.

You can invest in the Axis Consumption through Axis Mutual Fund's official website or the mobile app.

It is recommended to stay invested in thematic consumption mutual funds for a typical investment horizon of 5+ years to fully benefit from the long-term growth potential of the consumption sector.

The Axis Consumption Fund invests in equity and equity-related securities of companies engaged in or expected to benefit from consumption and consumption-related activities across various sectors like FMCG, automobiles, consumer services, consumer durables, telecommunications, healthcare, power, and realty.

Consumption funds may carry higher risk compared to more diversified funds, as they are focused on specific sectors related to consumption. However, Axis Consumption Fund mitigates some of this risk by diversifying investments across multiple sectors within the consumption theme.

Investors with a long-term investment horizon (5+ years) who are looking to tap into the growth potential of India's consumption sector should consider investing in consumption funds. These funds are suitable for those seeking exposure to high-growth sectors driven by increasing consumer spending.

There is no exit load for up to 10% of investments if redeemed or switched out within 12 months. For the remaining investments, a 1% exit load applies within this period. No exit load applies if redeemed or switched out after 12 months.

The minimum application amount for the Axis Consumption Fund is Rs. 100 and in multiples of Rs. 1 thereafter.