Aditya Birla SL US Treasury 3-10 Year Bond ETFs Passive FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL US Treasury 3-10 Year Bond ETFs Passive FOF Direct Growth Plan is at ₹12.9132 as of 02 Sep 2026, with scheme AUM of ₹136 Cr. Its 1-year, 3-year and 5-year returns are 8.35%, 0% and 0%, and the fund carries a High Risk label. Our view is that this is a niche overseas debt-oriented fund that has done better over 1 year than over shorter stretches, but the limited history and volatile recent pattern mean it suits investors who are comfortable with meaningful ups and downs.

The fund’s structure is simple, with almost all money in two US Treasury ETF holdings and a small cash buffer. That makes the portfolio transparent, but it also means performance is closely tied to movements in those underlying overseas bonds and currency-linked dynamics, so it is not a steady local debt substitute.

Quick facts

The fund is managed by Vighnesh Gupta and Bhupesh Bameta.

Source data date: as of 02 Sep 2026

Performance

The 1-year result is the clearest strength in this fund’s record. It has delivered a positive 8.35% return over 1 year while the benchmark return is negative, which tells us the fund has recently behaved very differently from the broad market index used for comparison.

The shorter windows are less smooth. The 1-month return is mildly negative and the 3-month figure is also negative, while the benchmark moved around more sharply over the same horizons. That pattern suggests a fund that can protect parts of the downside in some stretches, but not in a straight line.

The main longer-term limitation is that there is no 3-year or 5-year return history available yet. Because the scheme was launched in late 2023, the record is still short, so the 1-year figure carries more weight than any long-horizon reading.

Even so, the daily pattern visible over recent months shows a choppy path rather than a one-way trend. For investors, that means the fund should be judged more as a specialised overseas fixed-income allocation than as a stable, low-volatility core holding.

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 figures, this fund trails the peer set by a wide margin, while its own 8.35% return remains positive. That gap matters because the peers here are in precious-metals FoFs that have benefited from a much stronger recent cycle.

The longer-horizon comparison is harder to use because this fund does not yet have 3-year or 5-year figures, while some peers do. Where those longer figures are available, the silver and gold FoFs still show materially stronger numbers, so the current fund’s case rests more on its specific overseas Treasury exposure than on return leadership across timeframes.

Short-term and longer-term comparisons therefore tell different stories. The fund has held up positively over 1 year, but it does not yet show the kind of deeper track record that can be judged alongside the longer histories available for some peers.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

The largest holding is Ishares Usd Treasury Bond 3-7YR Ucits ETF at 72.98%, so one position likely has the most influence on the scheme’s day-to-day movement. The second holding is also large at 24.44%, which means the fund is still very tightly anchored to the same broad theme.

The drop from the largest holding to the cash line is steep, but the portfolio is not spread across a long list of smaller positions because there are only three disclosed holdings. That makes the fund highly concentrated, even though the exposure is split across two Treasury ETF sleeves and a small liquidity balance.

The top holdings together account for 99.94% of the portfolio, and the full disclosed holding count is just 3. In our view, that concentration may make the portfolio easier to understand, but it could also mean returns are heavily shaped by a narrow set of underlying market moves.

Source data date: as of 02 Sep 2026

Who should invest

This fund is best viewed by investors who can accept a High Risk label and who understand that an overseas bond FoF may not move like a plain domestic debt fund. The 1-year return is positive, but the shorter 1-month and 3-month readings are uneven, so the path has not been smooth.

It may suit a longer holding horizon and a satellite allocation rather than a core portfolio holding. The trade-off is straightforward: you get access to a focused US Treasury strategy with a compact portfolio, but you also accept limited history, benchmark mismatch and returns that can vary meaningfully over short periods.

Tax and exit load

Exit load applies as 0.25% if units are sold on or before 30 days, and it is nil after 30 days.

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL US Treasury 3-10 Year Bond ETFs Passive FOF Direct Growth Plan?

The current NAV is ₹12.9132 as of 02 Sep 2026.

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

Its 1-year return is 8.35%, while the 3-year and 5-year returns are Data not available.

How has it done against the benchmark?

The fund’s 1-year return of 8.35% is ahead of the benchmark’s -3.84% return. Over 1 month and 3 months, the picture is mixed, with the fund at -0.66% and -1.18% versus the benchmark at -3.47% and 2.17%.

How does it compare with the peer funds listed here?

Its 1-year return is much lower than the peer funds shown here, which have much stronger recent readings in silver and gold FoF strategies. The fund’s longer-term figures are not available yet, so direct comparison is mainly on the 1-year number.

Is there a minimum SIP amount?

No minimum SIP amount is stated here. The fund does not allow SIP investments at present.

What is the risk level and what does the portfolio look like?

The fund is tagged High Risk. Its portfolio is very concentrated, with two US Treasury ETF holdings making up almost all of the scheme and TREPS forming a small cash buffer.

Bottom line

This fund has a positive 1-year return, but its shorter-term readings are choppier and its track record is still limited, so it looks better suited to investors who can tolerate uncertainty and are comfortable with a focused overseas bond allocation. Compared with the peers shown here, the 1-year return is much softer, while the portfolio remains highly concentrated in two underlying ETF positions. That combination makes it a specialised holding rather than a broad-market alternative.

Published on 3 September 2026 at 6:47 PM IST