Aditya Birla SL CRISIL-IBX Financial Services 9-12 Months Debt 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 Financial Services 9-12 Months Debt Index Fund Direct Growth Plan is a short-duration debt index fund with a current NAV of ₹11.0702 as of 15 Sep 2026 and scheme AUM of ₹1,228 Cr. Its 1-year, 3-year and 5-year returns are 6.39%, Data not available and Data not available, and the risk category is Balanced Risk. Our view is that it suits investors who want a debt-oriented allocation with relatively steady recent movement, while accepting that the fund’s longer track record is still limited.
Because the portfolio is built around short-maturity financial-services instruments, the fund’s behaviour is likely to be more about stability and rate sensitivity than about high growth. The recent return profile is better read as a modest, income-oriented outcome rather than a strong capital-accumulation story.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.0702 as of 15 Sep 2026 |
| AUM | ₹1,228 Cr |
| Expense Ratio | 0.15% |
| Launch Date | 21 Mar 2025 |
| Min SIP | ₹1,000 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | No exit load |
| Fund Managers | Sanjay Pawar, Mohit Sharma |
The fund is managed by Sanjay Pawar and Mohit Sharma.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.45% | -4.81% |
| 3M | 1.87% | -3.63% |
| 1Y | 6.39% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been steadier than the benchmark. Over 1 month, 3 months and 1 year, the fund stayed in positive territory while the benchmark was negative in each of those windows. That tells us the portfolio has held up better in a weak market phase and has avoided the deeper swings seen in the benchmark.
The 1-year return of 6.39% is respectable for a debt-oriented index fund, but the launch date in March 2025 means there is still no 3-year or 5-year record to judge longer-cycle consistency. In our view, that limits how much weight we can place on the one-year figure alone.
The short series of values also points to a narrow band of movement rather than dramatic spikes. That is in line with a debt index strategy, where the main question is usually how well the fund preserves stability and tracks its chosen segment, not how aggressively it can compound.
Relative to the benchmark, the fund has clearly been ahead in the recent windows shown here. The more important takeaway is that the gap is driven by benchmark weakness rather than by a particularly high-return profile from the fund itself.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Aditya Birla SL CRISIL-IBX Financial Services 9-12 Months Debt 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 Financial Services 9-12 Months Debt Index? Thinking of investing now?
Peer comparison
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan | 6.39% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
Compared with the peer set, this fund’s 1-year return is much lower than the leading equity-oriented names, but that is not an apples-to-apples comparison because the strategies are different. Within the peer list, the current fund’s return profile looks more subdued and more defensive in tone, which fits a short-duration debt index structure.
The 3-year and 5-year fields are not available for the current fund, so our reading of long-term strength is necessarily limited. Among peers that do have longer records, the equity index funds show materially stronger longer-horizon numbers, but those figures reflect a different risk and return profile.
The short-term comparison and the limited history point in different directions: near-term resilience is visible, but long-term compounding evidence is still absent. That makes this fund easier to assess as a stability-oriented holding than as a return leader.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Aditya Birla Capital Ltd. (26/02/2027) ** | Commercial Paper | 9.83% |
| Bajaj Housing Finance Ltd. (12/03/2027) ** | Commercial Paper | 9.82% |
| National Bank for Agriculture and Rural Development (10/03/2027) **# | Certificate of Deposit | 7.86% |
| Kotak Mahindra Prime Ltd. (05/03/2027) ** | Commercial Paper | 7.85% |
| 6.65% LIC Housing Finance Ltd. (15/02/2027) ** | Corporate Debt | 6.08% |
| Small Industries Development Bank of India (18/02/2027) # | Certificate of Deposit | 5.92% |
| LIC Housing Finance Ltd. (23/02/2027) ** | Commercial Paper | 4.73% |
| 7.71% REC Ltd. (26/02/2027) ** | Corporate Debt | 4.08% |
| Canara Bank (28/01/2027) **# | Certificate of Deposit | 3.96% |
| Kotak Mahindra Bank Ltd. (12/02/2027) **# | Certificate of Deposit | 3.95% |
The largest holding is 9.83%, which is meaningful but not excessive for a debt index portfolio built around a tight maturity band. The drop from the first to the tenth holding is gradual rather than abrupt, moving from just under 10% to 3.95%, so the portfolio does not appear to depend on a single outsized position.
The top 10 holdings together account for approximately 64.08% of the portfolio, and there are 26 disclosed holdings in total. That suggests a reasonably broad spread beyond the first few names, even though the leading positions still have clear influence on day-to-day NAV movement.
Because the portfolio is concentrated in financial-services paper, certificate of deposit exposure and corporate debt, it may respond closely to credit and rate conditions in this segment. The combination of a visible top-weight cluster and a longer tail means the fund is neither narrowly single-name driven nor fully diffuse.
To see all holdings, visit the Aditya Birla SL CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund may suit investors who want a short-duration debt exposure and are comfortable with a Balanced Risk profile. The return pattern shows a positive recent run, but the fund’s history is still short, so it is better viewed as a measured allocation rather than a long-established compounding story.
The benchmark comparison suggests the fund has held up better in weak recent market windows, which may appeal to investors who value steadier behaviour over sharp upside. The main trade-off is that the portfolio’s return potential is likely to be more modest than equity-oriented alternatives, especially over longer periods.
Investors with a one- to three-year horizon, and with a need for relatively stable debt-style exposure, may find the structure more relevant than those seeking high growth. The portfolio mix and short maturity focus also mean the fund fits best where capital preservation and rate-sensitive income characteristics matter more than aggressive appreciation.
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 CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan?
The current NAV is ₹11.0702 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 6.39%. The 3-year and 5-year return figures are Data not available.
How has it done versus the benchmark?
It has outpaced the benchmark in the recent windows shown here. The fund stayed positive over 1 month, 3 months and 1 year while the benchmark was negative in each of those periods.
How does it compare with the peer funds on available return data?
Its 1-year return is lower than the equity-oriented peer funds listed alongside it, while its longer-term figures are not available. That makes it look more defensive than the higher-return peers in the table.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹1,000.
Who manages the fund and what is the exit load?
The fund is managed by Sanjay Pawar and Mohit Sharma. There is no exit load.
Bottom line
This fund’s recent performance looks steadier than its benchmark, but its longer-term record is still too short to judge consistency over a full market cycle. Compared with the listed peers on available return data, it looks far more defensive than the equity-oriented names. The portfolio is spread across 26 holdings, with the top positions carrying meaningful but not overwhelming weight. For investors seeking short-duration debt exposure and a Balanced Risk profile, the fund is best viewed as a measured, stability-led allocation.
Published on 16 September 2026 at 3:14 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.