Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Harsh Piplani
- Category: Mutual Funds
Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Plan is priced at ₹13.0781 as of 28 Aug 2026, with scheme AUM of ₹149 Cr. Its 1-year, 3-year and 5-year returns are 5.9565%, 7.5268% and 0, and the fund sits in the Medium Risk bucket.
Our view is that this is a short-to-medium duration government-securities index fund that has delivered steady, but not strong, compounding so far. The portfolio is overwhelmingly in government securities, so behaviour is likely to stay tied to interest-rate moves rather than equity-market swings.
Quick facts
| Metric | Value |
|---|---|
| NAV | ₹13.0781 |
| AUM | ₹149 Cr |
| Expense Ratio | 0.22% |
| Launch Date | 14 Feb 2023 |
| Min SIP | ₹500 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Bhupesh Bameta, Mohit Sharma |
The fund is managed by Bhupesh Bameta and Mohit Sharma.
Source data date: as of 28 Aug 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.13% | -0.85% |
| 3M | 3.12% | 3.39% |
| 1Y | 5.96% | -2.29% |
| 3Y | 7.53% | 6.4% |
| 5Y | Data not available | Data not available |
The recent pattern is mixed. Over one month, the fund slipped slightly, but it still held up better than the benchmark, which fell more. Over three months, the fund was positive and only a little behind the benchmark, which suggests the last quarter was broadly stable rather than sharply trending in either direction.
The one-year figure is more striking because the fund was positive while the benchmark was negative. That tells us the strategy has handled the recent period much better than the benchmark line used here, even though the absolute return is still modest for a fund that is essentially tied to government securities.
Longer-term, the 3-year return remains positive and sits above the benchmark’s 3-year figure. That is useful, but it also shows the fund has not produced high compounding. The return path has been uneven, with periods of firmness followed by softer patches, which is normal for a bond-linked index strategy but still worth noting for investors expecting smooth outcomes.
Overall, the recent numbers look stronger than the benchmark, while the longer run looks steady rather than powerful. Our view is that the fund has been more defensive than aggressive, and its behaviour has been driven more by debt-market conditions than by any equity-style growth pattern.
Source data date: as of 28 Aug 2026
Should you BUY or HOLD Aditya Birla SL CRISIL IBX SDL Jun 2032 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Aditya Birla SL CRISIL IBX SDL Jun 2032 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Plan | 5.9565% | 7.5268% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 35.235% | 31.2535% | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 32.3519% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 32.0816% | Data not available | Data not available |
| Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan | 31.9037% | Data not available | Data not available |
| Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan | 31.8928% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Against the peer set, this fund’s 1-year return is far lower than the equity-oriented names in the table, which is consistent with its debt-heavy portfolio rather than a weakness in execution. The 3-year return also trails the strongest peer figure available, but it is still positive and comfortably above the peer funds where 3-year data is not available because they are newer.
The short-term and longer-term pictures point to different things. On a 1-year view, the fund looks modest; on a 3-year view, it shows more durability. That split matters because the peer set includes very different strategies, and this fund’s role is closer to preserving stability from government securities than chasing the fastest return line.
Source data date: as of 28 Aug 2026
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Portfolio: where your money goes
The portfolio is almost entirely in other assets rather than equities, with large-cap, mid-cap and small-cap exposure all at 0% and other-cap at 100%.
| Sector | Allocation | Holdings |
|---|---|---|
| GOVERNMENT SECURITIES | 95.52% |
|
| CASH & CASH EQUIVALENTS AND NET ASSETS | 4.48% |
|
The government-securities allocation is materially larger than the cash and net-assets bucket, so the portfolio’s behaviour is likely to be dominated by sovereign debt movements. Within that, the two named securities give the fund a clear SDL and central government exposure profile, which should keep portfolio swings tied to rates and yields rather than equity sentiment.
Because all of the exposure sits in the “other” bucket, this fund does not behave like a stock-market product. The largest sector is likely to have greater influence on returns and volatility, while the smaller cash bucket may mainly support day-to-day liquidity and operational needs.
For investors, the key point is that this is a concentrated debt-style portfolio, not a diversified multi-asset one. That concentration can help make the fund’s movement easier to understand, but it also means the government-securities sleeve may set the tone for most of the fund’s path.
Source data date: as of 28 Aug 2026
Who should invest
This fund fits investors who are comfortable with medium risk and who want exposure to government securities rather than equities. The 1-year and 3-year returns are positive, but they are not high-growth numbers, so the main appeal is steadier debt-market participation rather than fast capital expansion.
The benchmark comparison also suggests a fund that can hold up better in some periods, especially over the last year, while the peer comparison shows that it is not designed to compete with equity-focused return leaders. The main trade-off is clear: investors may accept a calmer, rate-sensitive return path in exchange for avoiding equity-style volatility and drawdown behaviour.
This is more suitable for an investment horizon where patience matters, because the portfolio is tied to government securities and the return pattern can move with interest-rate conditions. Investors looking for a simple, debt-linked index fund with a concentrated sovereign exposure profile are the most natural fit.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 28 Aug 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Plan?
The current NAV is ₹13.0781 as of 28 Aug 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.9565%, the 3-year return is 7.5268%, and the 5-year return is not available.
How has the fund performed versus the benchmark?
The fund has outperformed the benchmark over 1 year and 3 years based on the figures available here. Over 1 month and 3 months, the gap is smaller, but the fund still remains broadly resilient.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the fund’s risk category and what does the portfolio look like?
The fund is in the Medium Risk category. Its portfolio is almost fully allocated to government securities, with 95.52% in that bucket and 4.48% in cash and net assets.
What is the exit load and who manages the fund?
There is no exit load. The fund is managed by Bhupesh Bameta and Mohit Sharma.
Bottom line
This fund’s shorter-term behaviour has been steadier than the benchmark, while its longer-term record is positive but not high-octane. Compared with the peer set, it trails the equity-oriented funds on raw return numbers, which is expected for a government-securities index strategy. The Medium Risk tag, no-exit-load structure and 95.52% government-securities exposure make it a focused debt-style option for investors who want rate-sensitive participation rather than aggressive growth.
Published on 31 August 2026 at 3:45 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.
