Aditya Birla SL BSE 500 Momentum 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Aditya Birla SL BSE 500 Momentum 50 Index Fund Direct Growth Plan had a NAV of ₹10.6582 as of 16 Sep 2026 and an AUM of ₹81 Cr. Its 1-year, 3-year and 5-year returns are 2.39%, 0% and 0%, and the scheme sits in the High Risk category. Our view is that this is a newer, momentum-led equity index fund where the short history and modest recent return need to be read alongside its concentrated stock selection.
For investors, the key question is not only the return line but also how the portfolio is built. The fund tracks a momentum-oriented basket within the BSE 500 universe, so performance can move differently from a broad market benchmark, and that is visible in the recent numbers.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.6582 as of 16 Sep 2026 |
| AUM | ₹81 Cr |
| Expense Ratio | 0.29% |
| Launch Date | 08 Aug 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Exit Load | 0.10% on or before 15D, Nil after 15D |
| Fund Managers | Mehul Dama, Priya Sridhar |
The fund is managed by Mehul Dama and Priya Sridhar.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.86% | -4.41% |
| 3M | 0% | -3.6% |
| 1Y | 2.39% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is mixed but not weak relative to the benchmark. Over 1 month, the fund fell less than the benchmark, which suggests it has held up better in a short drawdown even though the move was still negative. Over 3 months, the fund was flat while the benchmark was down, so the fund has not mirrored the benchmark’s weakness in the same way.
The 1-year picture is clearer: the fund is positive while the benchmark is negative. That tells us the strategy has delivered a better one-year outcome than the comparison index, even though the absolute return is still modest. Because the fund launched in August 2025, there is no usable 3-year or 5-year history yet, so the longer-term picture cannot be judged from actual multi-year trailing returns.
The provided daily path also suggests a fund that has spent much of the period moving in a narrow band with a few sharper down moves and recoveries. That kind of profile is consistent with a momentum strategy that can shift quickly when leadership changes. For investors, the important point is that the recent return line is better than the benchmark, but the history is still short enough that the long-run pattern remains unproven.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Aditya Birla SL BSE 500 Momentum 50 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 BSE 500 Momentum 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL BSE 500 Momentum 50 Index Fund Direct Growth Plan | 2.39% | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 34.39% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.3% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 13.33% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 8.75% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 6.31% | 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 available 1-year figures, the fund trails all five peer funds in this comparison set, although the gap is much narrower when we look only at the lower-return peers. The longer-term columns are not available for the peer funds here, so the cleaner comparison is the one-year return line, where the fund’s own result is positive but clearly subdued. That means the short-term story is weaker than the most visible peer outcomes, while the longer-term story cannot be built from multi-year peer history in this table.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Laurus Labs Ltd. | Healthcare | 5.03% |
| Multi Commodity Exchange of India Ltd. | Finance | 4.51% |
| Shriram Finance Ltd. | Finance | 4.45% |
| The Federal Bank Ltd. | Bank | 4.1% |
| Eicher Motors Ltd. | Automobile & Ancillaries | 4.04% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 3.58% |
| Hindalco Industries Ltd. | Non – Ferrous Metals | 3.57% |
| Bharat Forge Ltd. | Automobile & Ancillaries | 3.37% |
| Cummins India Ltd. | Automobile & Ancillaries | 3.33% |
| Adani Power Ltd. | Power | 3.29% |
The largest holding, Laurus Labs Ltd., stands at 5.03%, so no single stock dominates the visible basket. The weight then steps down gradually to 3.29% by the tenth holding, which suggests the top layer is fairly evenly spread rather than sharply top-heavy.
The top 10 holdings account for approximately 39.27% of the portfolio. That still leaves a meaningful tail across the remaining 33 holdings, so the fund may be less dependent on just a handful of names than a very concentrated portfolio, even though the top positions could still matter more on any given day because the strategy is designed around selected momentum names.
With 43 holdings disclosed in total, the portfolio appears broad enough to avoid an extreme concentration story, but the first 10 names still represent a large enough share to influence returns. For investors, that combination may mean the fund can respond quickly when its preferred stocks are in favour, while also carrying the usual sensitivity that comes from an equity strategy focused on a defined momentum screen.
To see all holdings, visit the Aditya Birla SL BSE 500 Momentum 50 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk equity volatility and who are comfortable with a strategy that may behave differently from the broad market. The short history and the modest 1-year return argue for a longer horizon, ideally one that gives the strategy time to cycle through different market regimes.
The main trade-off is between differentiated return potential and less certainty about how the fund will behave across a full market cycle. The benchmark comparison is supportive over the recent periods, but the lack of long trailing history means patience matters. It is more suitable for investors who want an equity allocation with a momentum tilt and can accept periods when that style may lag.
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: 0.10% on or before 15 days; nil after 15 days.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL BSE 500 Momentum 50 Index Fund Direct Growth Plan?
Its NAV is ₹10.6582 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 2.39%, while the 3-year and 5-year returns are Data not available because the scheme is too new for those trailing periods.
How has it performed against the benchmark?
Over 1 year, the fund has returned 2.39% versus -7.76% for the benchmark. Over 1 month and 3 months, it also held up better than the benchmark, although both the fund and benchmark were uneven.
How does it compare with the peer funds shown here?
On the available 1-year figures, its 2.39% return is below the five peer funds listed in the comparison table. The 3-year and 5-year columns are not available for those peer funds here.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Mehul Dama and Priya Sridhar. The exit load is 0.10% on or before 15 days and nil after 15 days.
Bottom line
This fund’s recent numbers are better than the benchmark, but the longer-term picture is still too short to treat it as a seasoned performer. Against the peer set shown here, the 1-year return is weaker, while the portfolio itself looks moderately spread across 43 holdings rather than dominated by one or two stocks. The High Risk label fits that structure. It is more appropriate for investors who want a momentum-oriented equity allocation and can stay invested through uneven periods rather than expect a smooth return path.
Published on 17 September 2026 at 10:10 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.