Aditya Birla SL Bal Bhavishya Yojna Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Aditya Birla SL Bal Bhavishya Yojna Direct Growth Plan has a NAV of ₹23.04 as of 15 Sep 2026 and a scheme AUM of ₹1,266 Cr. Its 1-year, 3-year and 5-year returns are 3.46%, 10.1% and 9.34%, and the fund sits in the High Risk bucket. Our view is that it is better suited to investors who can tolerate sharp swings and prefer a long holding period because the medium- to long-term record is steadier than the most recent stretch.
The scheme also has a 5-year lock-in, which reinforces its long-horizon character. The portfolio has a meaningful allocation to financials and other large-cap style names, but it still carries a cash-like TREPS position at the top, so the outcome may be shaped by both equity selection and shorter-term parking of assets.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹23.04 as of 15 Sep 2026 |
| AUM | ₹1,266 Cr |
| Expense Ratio | 0.95% |
| Launch Date | 11 Feb 2019 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Solution Oriented |
| Exit Load | No exit load |
| Fund Managers | Harshil Suvarnkar, Chanchal Khandelwal |
The fund is managed by Harshil Suvarnkar and Chanchal Khandelwal.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.68% | -4.81% |
| 3M | 0.96% | -3.63% |
| 1Y | 3.46% | -8.27% |
| 3Y | 10.1% | 5.59% |
| 5Y | 9.34% | 5.58% |
The recent pattern is uneven. Over the latest month, the fund declined, though it fell less than the benchmark. The three-month period is more constructive, with a modest positive return while the benchmark stayed negative. That mix tells us the scheme has been able to hold up better than the index through shorter swings, even if the path has not been smooth.
The one-year picture is less comforting than the longer view. A 3.46% return is not strong in absolute terms, but it still stands ahead of the benchmark’s negative reading. That tells us the fund has defended capital better than the index over a difficult year, even if it has not generated much growth in absolute terms.
The 3-year and 5-year numbers are the more important anchor for this scheme. At 10.1% over 3 years and 9.34% over 5 years, the fund has compounded at a pace that is clearly better than the benchmark’s 5.59% and 5.58% over the same horizons. Our view is that the longer-run record is more relevant than the latest quarter because the fund’s objective and lock-in both point to patient capital rather than tactical use.
The time pattern also suggests that returns have moved through patches of volatility rather than following a straight line. That matters for investors: the fund has shown it can recover, but the journey has not been stable enough to treat short-term results as a reliable guide to future experience.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Aditya Birla SL Bal Bhavishya Yojna?
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 Bal Bhavishya Yojna? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| SBI Children’s Fund-Investment Plan Direct Growth Plan | 15.24% | 20.68% | 21.17% |
| SBI Children’s Fund-Savings Plan Direct Growth Plan | 9.82% | 11.71% | 10.83% |
| LIC MF Children’s Fund Direct Growth Plan | 3.83% | 8.25% | 7.62% |
| Aditya Birla SL Bal Bhavishya Yojna Direct Growth Plan | 3.46% | 10.1% | 9.34% |
| Baroda BNP Paribas Children’s Fund Direct Growth Plan | 3.27% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the latest one-year number, the fund trails the stronger child-focused schemes in the table, especially the SBI Children’s Fund options, but it is broadly in line with the mid-to-lower cluster of available peers. That means the recent year does not look especially compelling relative to the best available figures, even though it remains better than the benchmark.
The longer-term comparison is more balanced. The fund’s 3-year and 5-year returns are ahead of LIC MF Children’s Fund and the Baroda BNP Paribas scheme on the available figures, but they remain below the SBI Children’s Fund variants. So the short-term and long-term pictures do not tell the same story: the recent year looks modest, while the longer record is respectable without being standout versus the strongest peer numbers.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 6.14% |
| ICICI Bank Ltd. | Bank | 5.97% |
| HDFC Bank Ltd. | Bank | 3.37% |
| Reliance Industries Ltd. | Crude Oil | 3.34% |
| Axis Bank Ltd. | Bank | 2.78% |
| Infosys Ltd. | IT | 2.47% |
| Bharti Airtel Ltd. | Telecom | 2.39% |
| Meesho Ltd. | Retailing | 2.21% |
| State Bank of India | Bank | 2.16% |
| Shriram Finance Ltd. | Finance | 2.1% |
The top 10 holdings account for approximately 32.93% of the portfolio.
To see all holdings, visit the Aditya Birla SL Bal Bhavishya Yojna Direct Growth Plan page
The largest disclosed position is TREPS at 6.14%, which is not a single operating business but a cash-equivalent line. After that, the weights step down fairly quickly: ICICI Bank is 5.97%, and the tenth holding, Shriram Finance, is 2.1%. That gap suggests the disclosed top end is spread across multiple names rather than dominated by one very large equity position.
The table also shows a heavy presence of banks, with ICICI Bank, HDFC Bank, Axis Bank and State Bank of India all appearing in the top 10. That may make financials one of the more influential themes in the portfolio, while names such as Infosys and Bharti Airtel broaden the mix into IT and telecom.
Because the top 10 holdings sum to 32.93% and the scheme discloses 64 holdings in total, the visible core appears moderately concentrated, but not excessively so. The remaining holdings likely form a longer tail, which could reduce the impact of any single top position while still leaving the portfolio sensitive to how the larger names perform.
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who can accept High Risk and stay invested for several years, especially those using a solution-oriented scheme with a 5-year lock-in. The 3-year and 5-year returns are stronger than the benchmark, but the 1-year result is much softer, so investors need to be comfortable with uneven shorter-term outcomes.
The key trade-off is that the fund has shown better longer-run compounding than the benchmark while still carrying a volatile short-term path. That makes it more suitable for patient investors who value equity participation and can tolerate periods when the fund lags the strongest peer numbers and moves through drawdowns before recovery.
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 15 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL Bal Bhavishya Yojna Direct Growth Plan?
Its NAV is ₹23.04 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 3.46% over 1 year, 10.1% over 3 years and 9.34% over 5 years.
How has it performed versus the benchmark?
It has outperformed the Nifty 50 over 3 years and 5 years, and it also held up better over 1 year, even though the latest month was weak.
How does it compare with peer funds on the available return data?
Its recent one-year return is below the strongest peer figures, but its 3-year and 5-year numbers are ahead of LIC MF Children’s Fund and Baroda BNP Paribas Children’s Fund on the available data.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Harshil Suvarnkar and Chanchal Khandelwal. It has no exit load.
Bottom line
Aditya Birla SL Bal Bhavishya Yojna Direct Growth Plan looks like a long-horizon solution-oriented equity fund that has been steadier over 3-year and 5-year periods than in the latest year. Its recent return is modest, but the longer record is better than the benchmark and more stable than the short-term patch suggests. With High Risk, a 5-year lock-in and a portfolio led by financials, it may suit investors who want patient equity exposure and can live with uneven shorter-term outcomes.
Published on 16 September 2026 at 10:33 AM 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.