Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan has a NAV of ₹11.4966 as of 28 Aug 2026 and manages ₹127 Cr. Its 1-year, 3-year and 5-year returns are 6.79%, 0% and 0%, respectively, and it sits in the Medium Risk bucket. Our view is that it fits conservative investors who are comfortable with short-duration credit exposure and limited return history, rather than those looking for a long record of compounding.

Its portfolio is concentrated in corporate debt, with some commercial paper and cash holdings, so outcomes are likely to depend more on the credit and maturity profile than on broad equity market moves. Against the benchmark behaviour visible over recent periods, the fund has been steadier than the index in some short windows but has not produced a clearly stronger long-term record yet.

Quick facts

The fund is managed by Harshil Suvarnkar and Vighnesh Gupta.

Source data date: as of 28 Aug 2026

Performance

Recent performance has been mixed. Over one month, the fund stayed positive while the benchmark was slightly negative, which points to a steadier short-term pattern. Over three months, the benchmark moved ahead more clearly, so the fund did not keep pace with the broader index in that window.

That split matters because the fund’s visible history is still short. The 1-year return of 6.79% is useful, but it does not yet give us the kind of longer record that would show whether this pace is durable through a full cycle. For now, our view is that the fund has shown some short-term resilience, but not enough long-run evidence to argue that it consistently outpaces the benchmark.

The time pattern also suggests a relatively contained movement profile rather than sharp swings. That is consistent with the fund’s debt-oriented structure and Medium Risk tag. Investors should therefore read the recent numbers as a credit-and-duration story first, not as an aggressive growth outcome.

Source data date: as of 28 Aug 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is far below the stronger peer figures shown here, while its longer-dated return fields are not yet available. That makes the comparison more about maturity of history than a clear evidence of underperformance over a full cycle. On the available numbers, the peers listed have much stronger 1-year results, but several of them also do not yet have 3-year or 5-year figures, so the picture remains uneven.

Because the fund is a short-dated debt-oriented index strategy, the peer set also tells a different story from the equity-heavy names in the table. Short-term return comparisons are therefore more meaningful than pretending there is a long-cycle record. Our view is that the current fund has a modest return profile next to those peers, but the longer-term comparison is still limited by the absence of a mature track record.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap distribution: large-cap 0%, mid-cap 0%, small-cap 0%, other 100%.

The portfolio is fully placed in the “other” bucket, which is expected for a debt-style allocation rather than an equity fund. Within that, corporate debt dominates by a wide margin at 83.25%, so that sleeve is likely to have the greatest influence on how the fund behaves. The next two sleeves are much smaller, which means they play a supporting role rather than shaping the overall profile.

The gap between corporate debt and commercial paper is material, so the fund is not evenly spread across short-term instruments. Instead, it leans heavily toward its largest debt bucket, with a modest cash and receivables buffer. That structure may help with day-to-day liquidity, while the debt holdings drive most of the return and credit profile.

For investors, the key point is that this is not a diversified multi-asset mix. It is a focused debt allocation, and the largest sector’s influence is strong enough that any change in the credit environment for that pocket could matter more than small shifts elsewhere. The current weights still leave room for cash support, which may soften day-to-day movement, but the core behaviour should remain anchored to corporate debt.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with Medium Risk and want a debt-oriented allocation rather than an equity-style growth profile. The return pattern suggests a modest short-term track record, with no long-term history yet to confirm a full-cycle pattern. That makes it more suitable for investors who value steadier movement and can accept that returns may remain subdued compared with equity-led options.

The main trade-off is that the portfolio is concentrated in corporate debt, so the outcome depends heavily on that exposure rather than broad diversification. The benchmark comparison and peer comparison both show that the recent return profile is not especially strong, so patience matters. An investor would need a medium-term horizon and a clear understanding that this is a focused credit strategy, not a high-growth fund.

Tax and exit load

Exit load: No exit load.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan?
The current NAV is ₹11.4966 as of 28 Aug 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.79%, while the 3-year and 5-year returns are not yet available as track record figures.

How has the fund performed versus the benchmark recently?
Over one month, the fund stayed positive while the benchmark was slightly negative. Over three months, the benchmark was ahead of the fund.

What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.

What risk category does this fund fall under?
It is tagged as Medium Risk. The portfolio is concentrated in corporate debt, with smaller commercial paper and cash-related sleeves.

Who manages the fund and is there any exit load?
The fund is managed by Harshil Suvarnkar and Vighnesh Gupta. There is no exit load.

Bottom line

This fund’s short-term performance is mixed: it has shown some steadiness in the recent one-month window, but the three-month comparison and the limited return history do not yet build a strong long-cycle case. Against the peer figures shown here, its available 1-year return is modest. The portfolio is heavily tilted to corporate debt, which makes the fund’s behaviour depend mainly on that sleeve and supports its Medium Risk profile.

Published on 31 August 2026 at 4:01 PM IST