Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan currently has a NAV of ₹79.3523 as of 08 Sep 2026, with an AUM of ₹1,501 Cr. Its 1-year, 3-year and 5-year returns are 5.43%, 8.8% and 8.19% respectively, and the fund is tagged as Medium Risk. Our view is that this suits investors looking for a conservative hybrid allocation with steadier medium-term compounding than equity-heavy funds, while still accepting some return variability.
The fund has been in the market since 02 Jan 2013 and carries a 0.93% expense ratio. With a hybrid structure, a benchmark-linked comparison and a portfolio built largely around debt and income assets, it looks more suited to investors who want measured growth over a longer horizon rather than quick upside.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹79.3523 as of 08 Sep 2026 |
| AUM | ₹1,501 Cr |
| Expense Ratio | 0.93% |
| Launch Date | 02 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | 1% on or before 90D, Nil after 90D |
| Fund Managers | Mohit Sharma, Harshil Suvarnkar |
The fund is managed by Mohit Sharma and Harshil Suvarnkar.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.56% | -3.86% |
| 3M | 2.05% | 1.69% |
| 1Y | 5.43% | -5.72% |
| 3Y | 8.8% | 6.3% |
| 5Y | 8.19% | 6.05% |
Recent performance has been steadier than the benchmark. Over 1 month, the fund declined less than the index, and over 3 months it stayed slightly ahead. That pattern matters because the benchmark has been weak over the 1-year window, while the fund still stayed positive, which points to lower sensitivity to short-term equity swings.
The 1-year return of 5.43% is well above the benchmark’s -5.72%. That gap tells us the fund has held up better in a difficult year for the index. It also suggests the hybrid mix has cushioned the portfolio when pure market exposure struggled.
The longer view remains constructive. The 3-year return of 8.8% and 5-year return of 8.19% are both ahead of the benchmark’s 6.3% and 6.05%. Our view is that the fund has not just protected better in the short run; it has also delivered a more consistent compounding path over multi-year periods.
The time pattern shows modest weakness in the very short term, but the recovery over 3 years and 5 years remains intact. For investors, that usually matters more than a single weak month, because conservative hybrid funds are often used for smoother participation rather than aggressive moves.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan?
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 Conservative Hybrid Fund(Payment)-Direct Plan? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan | 5.43% | 8.8% | 8.19% |
| Nippon India Conservative Hybrid Fund Direct Growth Plan | 7.62% | 8.77% | 8.34% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Plan | 5.94% | 9.52% | 9.53% |
| SBI Conservative Hybrid Fund Direct Growth Plan | 5.85% | 8.48% | 8.76% |
| Baroda BNP Paribas Conservative Hybrid Fund Direct Growth Plan | 5.85% | 8.61% | 7.62% |
| Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan | 5.43% | 8.8% | 8.19% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On recent returns, the fund trails Nippon India Conservative Hybrid Fund Direct Growth Plan on 1 year, while it is close to SBI Conservative Hybrid Fund Direct Growth Plan and Baroda BNP Paribas Conservative Hybrid Fund Direct Growth Plan. Over 3 years and 5 years, it stays in the same broad band as the stronger peer set, though Parag Parikh Conservative Hybrid Fund Direct Growth Plan has higher longer-term returns. The short-term picture is therefore more mixed than the longer-term one, but not inconsistent with a conservative hybrid profile.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 8.92% Cholamandalam Investment & Finance Co. Ltd. (02/12/2034) ** | Corporate Debt | 3.65% |
| 8.42% Muthoot Finance Ltd. (26/07/2029) (FRN) ** | Floating Rate Instruments | 3.31% |
| 7.79% Tata Capital Housing Finance Ltd. (18/06/2030) ** | Corporate Debt | 3.30% |
| 91 Day T-Bill 27.11.26 | Treasury Bills | 3.29% |
| JTPM Metal Traders Ltd. (29/09/2028) (ZCB) ** | Corporate Debt | 3.10% |
| 8.20% Adani Power Ltd. (25/01/2029) ** | Corporate Debt | 2.32% |
| 9.75% Nuvama Wealth Finance Ltd. (16/04/2027) ** | Corporate Debt | 2.01% |
| ICICI Bank Ltd. | Bank | 1.99% |
| 7.30% Bharti Telecom Ltd. (01/12/2027) ** | Corporate Debt | 1.98% |
| Net Receivable / Payable | Cash & Cash Equivalents and Net Assets | 1.98% |
The top 10 holdings account for approximately 26.93% of the portfolio.
To see all holdings, visit the Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan page
The largest holding is 8.92% Cholamandalam Investment & Finance Co. Ltd. (02/12/2034) ** at 3.65%, which is not unusually large on its own. The tenth disclosed holding stands at 1.98%, so the drop from the biggest position to the tenth is gradual rather than sharp. That pattern suggests a relatively even spread across the disclosed top positions.
Because the top 10 holdings together make up 26.93% of the portfolio, the disclosed sleeve is not heavily concentrated in just a few names. At the same time, the full holding count is 64, so there is a meaningful longer tail beyond the largest positions. Our view is that this structure may reduce reliance on any single holding while still leaving the portfolio sensitive to the quality of the debt and cash instruments it owns.
Source data date: as of 08 Sep 2026
Who should invest
This fund is better suited to investors who can accept Medium Risk exposure and want a steadier return pattern than pure equity funds. The 1-year figure is positive despite a weak benchmark year, while the 3-year and 5-year returns show that the longer compounding trend has been more stable than the recent stretch alone.
It fits a medium-to-long horizon, especially for investors who want conservative hybrid exposure rather than aggressive growth. The main trade-off is that the fund may not match stronger equity-led upside in very strong markets, but it may offer a calmer path when benchmark conditions are uneven.
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: 1% on or before 90D, Nil after 90D.
Source data date: as of 08 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan?
It is ₹79.3523 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 5.43% for 1 year, 8.8% for 3 years and 8.19% for 5 years.
How does the fund compare with its benchmark?
It has outperformed the NIFTY 50 across the 1-year, 3-year and 5-year periods shown here. The gap is especially wide over 1 year, where the benchmark is negative.
How does it compare with peer conservative hybrid funds?
Its 1-year return is below Nippon India Conservative Hybrid Fund Direct Growth Plan, while its 3-year and 5-year results sit in the same broad range as several peers. Parag Parikh Conservative Hybrid Fund Direct Growth Plan has stronger longer-term returns.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund, and what is the exit load?
The fund is managed by Mohit Sharma and Harshil Suvarnkar. The exit load is 1% on or before 90 days, and nil after 90 days.
Bottom line
This fund’s recent performance is softer than some peers on 1-year returns, but its multi-year numbers remain solid and ahead of the benchmark. That mix points to a conservative hybrid profile that has handled a difficult market backdrop better than the index, while still compounding at a reasonable pace over longer periods.
The portfolio is spread across 64 holdings, with the top 10 accounting for 26.93%, so the disclosed sleeve does not look overly concentrated. For investors who want Medium Risk exposure, a measured return profile and a debt-heavy hybrid structure, this fund looks more aligned with patient, medium-to-long-term allocation needs than with short-term performance chasing.
Published on 9 September 2026 at 4:19 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.