Aditya Birla SL Dividend Yield Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Harsh Piplani
- Category: Mutual Funds
Aditya Birla SL Dividend Yield Fund Direct Growth Plan has a NAV of ₹514.96 as of 28 August 2026 and an AUM of ₹1,458 Cr. Its 1-year, 3-year and 5-year returns are 9.17%, 15.11% and 14.92%, and the scheme is tagged as High Risk.
Our view is that this is a portfolio for investors who can stay patient through uneven shorter stretches while focusing on the longer run. The fund has held up better than its benchmark over 3, 5 and 1 year, and its mix of large, mid and small caps suggests a style that can participate in broader market moves rather than rely on only one market segment.
Quick facts
| Metric | Value |
|---|---|
| NAV | ₹514.96 |
| AUM | ₹1,458 Cr |
| Expense Ratio | 1.42% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 90D, Nil after 90D |
| Fund Managers | Pavas Pethia |
The fund is managed by Pavas Pethia.
Source data date: as of 28 Aug 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 2.25% | -0.85% |
| 3M | 3.84% | 3.39% |
| 1Y | 9.17% | -2.29% |
| 3Y | 15.11% | 6.40% |
| 5Y | 14.92% | 7.13% |
Short-term performance has been steady rather than dramatic. Over 1 month and 3 months, the fund stayed in positive territory, which suggests it has recently recovered with some consistency even as the benchmark has been more mixed.
The more important picture is the gap over 1 year, 3 years and 5 years. The fund has stayed ahead of the benchmark in each of those periods, and the margin is especially clear over 3 years and 5 years. That tells us the strategy has converted its portfolio choices into better medium- and long-term compounding than the benchmark itself.
The path has not been linear. The return pattern shows some softness in earlier stretches and then a stronger recovery phase, which is typical of an equity fund with a high-risk profile and a diversified stock mix. What matters for investors is that the longer-horizon trend remains stronger than the benchmark, even if shorter periods still move around.
In our view, the recent 1-month and 3-month gains are useful, but they do not change the broader conclusion. The fund’s record is stronger over full market cycles than over very short windows, and that is the more relevant lens for judging this kind of equity strategy.
Source data date: as of 28 Aug 2026
Should you BUY or HOLD Aditya Birla SL Dividend Yield?
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 Dividend Yield? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Dividend Yield Fund Direct Growth Plan | 17.37% | 16.41% | 15.32% |
| LIC MF Dividend Yield Fund Direct Growth Plan | 12.94% | 20.85% | 16.87% |
| Aditya Birla SL Dividend Yield Fund Direct Growth Plan | 9.17% | 15.11% | 14.92% |
| SBI Dividend Yield Fund Direct Growth Plan | 9.08% | 13.42% | Data not available |
| Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan | 8.39% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year returns, the fund trails Tata Dividend Yield Fund Direct Growth Plan and LIC MF Dividend Yield Fund Direct Growth Plan, while staying close to SBI Dividend Yield Fund Direct Growth Plan. The 3-year and 5-year numbers are still respectable, but LIC MF Dividend Yield Fund Direct Growth Plan and Tata Dividend Yield Fund Direct Growth Plan are stronger on the same horizons. The short-term comparison and the longer-term comparison both point to a fund that is competitive, though not the strongest in the available set.
Source data date: as of 28 Aug 2026
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Portfolio: where your money goes
The market-cap mix is 46.23% large cap, 21.83% mid cap, 23.61% small cap and 8.33% other. That is a fairly balanced equity mix, but it still leaves meaningful room for smaller companies to influence results.
| Sector | Weight | Top holdings |
|---|---|---|
| FINANCE | 25% | MULTI COMMODITY EXCHANGE OF INDIA LIMITED (17.14%), SHRIRAM FINANCE LTD (1.44%) |
| BANK | 18.76% | CITY UNION BANK LIMITED (6.71%), KOTAK MAHINDRA BANK LIMITED (3.62%) |
| IT | 8.86% | INFOSYS LIMITED (2.62%), TECH MAHINDRA LIMITED (1.97%) |
| FMCG | 8.28% | ITC LIMITED (2.71%), HINDUSTAN UNILEVER LIMITED (2.63%) |
| BUSINESS SERVICES | 5.36% | COMPUTER AGE MANAGEMENT SERVICES LIMITED (3.98%), CMS INFO SYSTEMS LIMITED (1.17%) |
Source data date: as of 28 Aug 2026
The portfolio is not dominated by one size bucket alone, because large caps are only modestly ahead of mid and small caps combined as a visible style mix. That can make the fund more responsive to broader equity conditions while still leaving some space for stock-specific outcomes.
Sector-wise, FINANCE at 25% is clearly the largest exposure and is materially above BANK at 18.76%, while IT and FMCG sit at similar mid-sized weights. Based on the stated weights, FINANCE is likely to have the greatest influence on portfolio behaviour, especially because one holding inside that bucket carries a very large allocation.
The presence of BANK, IT, FMCG and BUSINESS SERVICES gives the scheme more spread than a narrowly focused portfolio. Even so, the top sector and top holdings mean the fund may still move noticeably when the financials sleeve is stronger or weaker than the rest of the market.
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and who can hold through short-term swings. The 1-year return is lower than some peers, but the 3-year and 5-year records show a stronger long-run pattern than the benchmark, which makes patience important.
It is better suited to a medium-to-long investment horizon than to a short trading horizon. Investors who want a portfolio with a balanced mix of large, mid and small caps, and who can accept some portfolio concentration in financials, may find the setup more relevant than those looking for a narrowly defensive equity fund.
The main trade-off is that the fund offers stronger long-term participation than the benchmark, but short-term results can still lag the better peer outcomes in the category. That combination calls for tolerance for volatility and a willingness to judge the scheme over full cycles rather than isolated months.
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% if units are sold on or before 90 days; nil after 90 days.
Source data date: as of 28 Aug 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL Dividend Yield Fund Direct Growth Plan?
The current NAV is ₹514.96 as of 28 August 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 9.17%, the 3-year return is 15.11% and the 5-year return is 14.92%.
How does it compare with the benchmark?
It is ahead of Nifty 50 over 1 year, 3 years and 5 years. The gap is most visible over the longer periods, where the benchmark has been notably weaker.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What is the risk profile of this fund?
The fund is tagged as High Risk. Its equity mix includes large, mid and small caps, so investors should expect equity-style volatility.
Who manages the fund and what is the exit load?
The fund is managed by Pavas Pethia. The exit load is 1% if units are sold on or before 90 days, and nil after 90 days.
Bottom line
Aditya Birla SL Dividend Yield Fund Direct Growth Plan has a stronger long-term record than its benchmark, even though the short-term picture is less impressive than some peers. Its High Risk tag fits the way the portfolio is built, with a balanced but still meaningful mix across large, mid and small caps. The finance allocation is the most important portfolio feature to watch, because it is the biggest sector by a clear margin. For investors who can stay invested through market swings, the fund offers a credible long-horizon equity proposition.
Published on 31 August 2026 at 2:40 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.
