Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 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 CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund Direct Growth Plan is showing a ₹13.1858 NAV as of 16 Sep 2026 and an AUM of ₹1,324 Cr. Its 1-year, 3-year and 5-year returns are 6.19%, 7.36% and 0%, and the scheme sits in the Low Risk bucket. Our view is that this is a conservative income-oriented index fund with a defined maturity-style portfolio, but its recent returns still need to be judged against the benchmark’s weaker path and the fund’s own modest compounding.
The fund’s current profile is more about stability than high growth. That can suit investors who want a relatively measured debt-oriented allocation and are comfortable with a limited return ceiling in exchange for lower volatility.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.1858 as of 16 Sep 2026 |
| AUM | ₹1,324 Cr |
| Expense Ratio | 0.2% |
| Launch Date | 29 Mar 2022 |
| Min SIP | ₹500 |
| Risk Category | Low Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Mohit Sharma |
The fund is managed by Mohit Sharma.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.43% | -4.41% |
| 3M | 1.52% | -3.6% |
| 1Y | 6.19% | -7.76% |
| 3Y | 7.36% | 5.74% |
| 5Y | Data not available | Data not available |
The recent pattern has been steadier than the benchmark. Over 1 month, 3 months and 1 year, the fund stayed positive while the benchmark was negative in each of those windows. That tells us the portfolio has been doing a useful job of preserving short-term value when the broader market reference has been under pressure.
The 3-year picture is more balanced. The fund’s 7.36% return is above the benchmark’s 5.74%, which suggests the strategy has added value over a fuller market cycle rather than only during a brief rebound.
At the same time, the absolute level of return remains moderate. This is not a fund where the numbers point to strong capital appreciation; instead, they point to steady carry with limited upside, which is in line with a low-risk fixed-income style mandate.
The 5-year field is not available in the current performance view, so we would avoid reading too much into long-horizon compounding beyond what the 1-year and 3-year figures already show. The clearest takeaway is that the fund has recently held up better than the benchmark, while the longer window still reflects measured, not aggressive, growth.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 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 CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund Direct Growth Plan | 6.19% | 7.36% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is much lower than the stronger peer figures shown here, so it looks less exciting on recent performance. The 3-year return is also below the peers with available 3-year numbers, which means the fund has not kept pace with the more growth-oriented names in this comparison set.
The shorter-term comparison and the longer-term comparison tell the same story: this is a steadier, lower-return profile rather than a high-momentum peer. That does not make it unattractive for every investor, but it does mean the fund’s appeal is more about restraint and consistency than standout return leadership.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| State Government Securities (15/02/2027) | Government Securities | 18.53% |
| State Government Securities (11/01/2027) | Government Securities | 7.13% |
| Government of India (15/02/2027) | Government Securities | 6.18% |
| 7.64% REC Ltd. (30/04/2027) | Corporate Debt | 6.08% |
| 7.80% National Bank for Agriculture and Rural Development (15/03/2027) | Corporate Debt | 5.83% |
| State Government Securities (01/03/2027) | Government Securities | 5.52% |
| State Government Securities (15/03/2027) | Government Securities | 4.57% |
| 7.95% REC Ltd. (12/03/2027) ** | Corporate Debt | 4.54% |
| State Government Securities (29/03/2027) | Government Securities | 3.95% |
| State Government Securities (24/03/2027) | Government Securities | 3.79% |
The largest holding is 18.53%, so a single position can still matter meaningfully for near-term portfolio behaviour. After that, the weights step down fairly quickly: the second holding is far smaller, and by the tenth line the weight is down to 3.79%, which tells us the visible sleeve is not dominated by one oversized position alone.
The top 10 holdings together account for approximately 66.12% of the portfolio. That is a fairly high visible concentration, but it is spread across 29 disclosed holdings, so the tail beyond the top positions may still matter. In practical terms, the fund looks diversified across government securities and corporate debt rather than built around a narrow cluster of a few credits.
Because the portfolio is anchored by dated securities near the fund’s target maturity window, the mix may help keep the return pattern comparatively steady. Still, the larger first holding and the 66.12% combined weight of the displayed positions suggest that changes in a small set of holdings could have a noticeable influence on outcomes.
To see all holdings, visit the Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund is better suited to investors who are comfortable with a low-risk profile and want a relatively calm return path rather than high growth. The 1-year and 3-year numbers show a steady but moderate outcome, and the benchmark comparison suggests it has been able to protect better in weaker market conditions.
The trade-off is clear: lower volatility and more measured returns. Investors with a medium horizon who want a debt-oriented allocation that follows a defined portfolio structure may find that mix useful, while those looking for faster capital growth may likely find the return profile too restrained.
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 16 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund Direct Growth Plan?
The current NAV is ₹13.1858 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.19%, the 3-year return is 7.36%, and the 5-year return is Data not available.
How has the fund compared with its benchmark recently?
It has held up better than the benchmark over 1 month, 3 months and 1 year. The 3-year return is also ahead of the benchmark in the period shown here.
How does it compare with the peer funds shown here?
Its 1-year and 3-year returns are lower than the stronger peer figures shown in this comparison set. The gap is especially visible in the 1-year numbers.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the risk category and who manages the fund?
The fund is in the Low Risk category and is managed by Mohit Sharma. The portfolio is concentrated across government securities and corporate debt holdings with a dated maturity profile.
Bottom line
This fund has been steadier than the benchmark in the recent 1-month, 3-month and 1-year windows, while the 3-year figure still points to a moderate but positive compounding profile. Against the peer set shown here, its return numbers are more restrained, so the appeal is not in standout performance. The portfolio is tilted toward government securities and corporate debt, with the top positions carrying meaningful weight, which fits its low-risk character and makes it more suitable for investors who value measured outcomes over aggressive upside.
Published on 17 September 2026 at 3:04 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.