Aditya Birla SL US Treasury 1-3 Year Bonds ETFs Passive FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL US Treasury 1-3 Year Bonds ETFs Passive FOF Direct Growth Plan has a NAV of ₹12.8187 as of 02 Sep 2026 and scheme AUM of ₹72 Cr. Its 1-year, 3-year and 5-year returns are 10.39%, 0% and 0%, and the scheme sits in the High Risk category.

Our view is that this is a specialised overseas debt fund-of-funds rather than a broad market holding. The recent return profile is positive over 1 year, but the longer-range figures do not yet show a fuller compounding record, so the appeal is more about targeted exposure and portfolio fit than a long operating history.

Quick facts

The fund is managed by Vighnesh Gupta and Bhupesh Bameta.

Source data date: as of 02 Sep 2026

Performance

The fund’s recent pattern is mixed but not weak in context. Over 1 month and 3 months, the return stayed slightly negative, which suggests some short-term fluctuation rather than a steady month-by-month climb. Even so, the 1-year figure is comfortably positive at 10.39%, while the benchmark is negative over the same period.

That one-year gap matters because it shows the scheme has behaved differently from the benchmark over a longer stretch, even though the shorter windows have not been uniformly strong. For an investor looking at overseas fixed-income exposure, that can be useful: the fund has not just tracked the benchmark passively in every period, and the 1-year outcome has been materially better.

At the same time, the absence of 3-year and 5-year return history means we cannot judge whether the recent 1-year result is part of a longer compounding pattern. Our reading is that this is still an early-stage performance record, so the shorter-run numbers deserve more weight than a long-term claim.

Source data date: as of 02 Sep 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the available 1-year numbers, this fund trails the peer returns by a wide margin, while the peer group itself is showing much stronger recent momentum. That contrast is important: the fund’s 10.39% one-year return is positive, but it sits far below the 40%+ and 80%+ figures shown by several peers.

The longer-term comparison is harder to make because this fund does not yet have 3-year or 5-year figures, while a few peers do. Where longer data is available for peers, those funds still show much stronger multi-year outcomes than this scheme’s current record can demonstrate. So the short-term and longer-term peer comparisons both point to the same basic message: the fund’s return history is currently much shorter and much lighter than the stronger peer records.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

With a 96.2% position in the largest holding, the portfolio is clearly dominated by one overseas bond ETF. That means the fund’s day-to-day outcome is likely to be influenced mainly by that single underlying exposure, with the cash balance and the second ETF playing much smaller roles.

The drop from 96.2% to 2.46% is steep, and the third holding at 1.28% adds only a little more diversification. In practical terms, the disclosed holdings are not spread evenly across many positions; they are highly concentrated in the lead ETF, so any move in that underlying instrument can matter a lot more than the rest of the basket.

The combined weight of the disclosed holdings is 99.94%, and there are only 3 holdings in total. That makes the structure very compact rather than layered with a long tail. For investors, this may appeal if the goal is a tight, targeted foreign Treasury exposure, but it also means the fund’s return profile could stay closely tied to a small set of positions.

Source data date: as of 02 Sep 2026

Who should invest

This fund is better suited to investors who are comfortable with High Risk tagging and want a specialised overseas debt allocation rather than a conventional diversified hybrid or equity option. The 1-year return is positive, but the 3-year and 5-year figures are not yet available, so the main attraction is the current exposure profile, not a long performance history.

It may suit a longer horizon where the investor can tolerate short-term variation and does not expect the benchmark to be the main driver of outcomes. The trade-off is straightforward: you get a focused foreign Treasury ETF-of-ETFs structure with a low expense ratio, but you accept that the portfolio is concentrated and the return record is still young.

Tax and exit load

Exit load: 0.25% on or before 30D, Nil after 30D

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL US Treasury 1-3 Year Bonds ETFs Passive FOF Direct Growth Plan?

The NAV is ₹12.8187 as of 02 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 10.39%, while the 3-year and 5-year returns are not available.

How has the fund performed versus the benchmark?

Over 1 year, the fund’s return is 10.39% versus -3.84% for the benchmark. Over 1 month and 3 months, the fund is slightly negative, while the benchmark is also mixed across those windows.

How does it compare with peer funds on available return data?

Its 1-year return is lower than the available peer figures shown here, which range from 42.84% to 81.69%. Several peers also show longer multi-year return histories.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund and what is its risk profile?

The fund is managed by Vighnesh Gupta and Bhupesh Bameta. It is tagged as High Risk, and the portfolio is concentrated mainly in one overseas Treasury ETF.

Bottom line

This fund’s short-term picture is better than its benchmark over 1 year, but the broader return record is still limited, with 3-year and 5-year figures not available. Compared with the peer examples shown, the fund’s recent return is much lower, while its portfolio is notably concentrated in a single overseas bond ETF. That makes it a niche, focused holding rather than a broad all-weather option, and it is likely to suit investors who specifically want that foreign Treasury exposure.

Published on 3 September 2026 at 6:46 PM IST