Aditya Birla SL Dynamic Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Aditya Birla SL Dynamic Term Fund Direct Growth Plan has a current NAV of ₹53.0197 as of 08 Sep 2026 and scheme AUM of ₹1,422 Cr. Its 1-year, 3-year and 5-year returns are 5.95%, 7.76% and 7.27%, and the scheme sits in the Medium Risk category.
Our view is that this is a steady, medium-risk debt fund that has held up better over longer periods than in the latest year. The return profile is balanced rather than aggressive, and the portfolio uses a mix of government securities, corporate debt and cash-like holdings that may suit investors looking for measured participation rather than sharp return swings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹53.0197 as of 08 Sep 2026 |
| AUM | ₹1,422 Cr |
| Expense Ratio | 0.64% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹1,000 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | Nil upto 15% of units,0.50% in excess of limit on or before 90D and Nil after 90D |
| Fund Managers | Mohit Sharma, Bhupesh Bameta |
The fund is managed by Mohit Sharma and Bhupesh Bameta.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.09% | -3.86% |
| 3M | 1.78% | 1.69% |
| 1Y | 5.95% | -5.72% |
| 3Y | 7.76% | 6.30% |
| 5Y | 7.27% | 6.05% |
The fund’s recent behaviour has been relatively stable. Over 1 month, it was marginally negative, but that was far better than the benchmark’s decline over the same period. Over 3 months, the fund and benchmark were both positive, with the fund slightly ahead.
The clearer story appears in the longer windows. The 1-year return is positive while the benchmark is negative, which suggests the fund has cushioned a difficult year for the reference index. The 3-year and 5-year returns both remain comfortably positive and stay ahead of the benchmark, which indicates a stronger compounding profile over medium to long holding periods.
That said, the latest 1-year number is below the fund’s own 3-year and 5-year pace. We see this as a sign that the fund has not accelerated recently, even though it has still preserved a constructive longer-term record. For a debt scheme, that pattern is more important than a short burst in performance.
The time pattern also points to a fund that did not move in a straight line. There were periods of softness and recovery, but the longer arc is still upward. In our view, that makes the scheme more suitable for investors who value consistency over short-term momentum.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Aditya Birla SL Dynamic Term?
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 Dynamic Term? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Dynamic Term Fund Direct Growth Plan | 7.26% | 7.66% | 6.15% |
| Kotak Dynamic Term Fund Direct Growth Plan | 6.57% | 7.87% | 6.64% |
| Axis Dynamic Term Fund Direct Growth Plan | 6.56% | 7.53% | 6.29% |
| 360 ONE Dynamic Term Fund Direct Growth Plan | 6.51% | 8.19% | 6.91% |
| Aditya Birla SL Dynamic Term Fund Direct Growth Plan | 5.95% | 7.76% | 7.27% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the recent 1-year number, the fund trails the stronger peer returns shown here, although it still remains positive. That gap is narrower over 3 years, where it sits close to the pack, and wider over 5 years, where its return is stronger than several peers on this table.
The peer set therefore tells two different stories. Short-term numbers are not the fund’s strongest point, but the 5-year figure is more competitive and shows better staying power than the latest year alone would suggest. For us, that makes the fund look more like a longer-horizon debt allocation than a recent momentum play.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 7.90% |
| Net Receivable / Payable | Cash & Cash Equivalents and Net Assets | 6.82% |
| Government of India (15/04/2065) | Government Securities | 6.78% |
| 7.79% Tata Capital Housing Finance Ltd. (18/06/2030) ** | Corporate Debt | 5.93% |
| 9.10% Cholamandalam Investment & Finance Co. Ltd. (27/06/2031) ** | Corporate Debt | 5.68% |
| 7.27% Power Finance Corporation Ltd. (15/10/2031) ** | Corporate Debt | 5.19% |
| 9.25% Hinduja Leyland Finance Ltd. (09/07/2031) | Corporate Debt | 4.88% |
| Jubilant Bevco Ltd. (31/05/2028) (ZCB) ** | Corporate Debt | 4.72% |
| 5.00% GMR Airports Ltd. (13/02/2027) ** | Corporate Debt | 4.31% |
| 9.90% Oxyzo Financial Services Pvt. Ltd. (13/03/2029) ** | Corporate Debt | 4.16% |
The largest holding, TREPS, is 7.90%, which is meaningful but not dominant on its own. The next few positions remain close enough in size that influence is spread across several holdings rather than resting on one very large stake. The tenth holding is 4.16%, so the decline from the top position to the end of the visible list is gradual rather than steep.
We also note that the displayed holdings together account for 56.37% of the portfolio, while the fund has 30 disclosed holdings in total. That combination suggests a portfolio that is fairly diversified across a wider tail of positions, even though the visible top holdings still carry the most near-term influence. In our view, the mix of cash-like exposure, government securities and corporate debt may help balance return generation with day-to-day stability.
To see all holdings, visit the Aditya Birla SL Dynamic Term Fund Direct Growth Plan page
Source data date: as of 08 Sep 2026
Who should invest
This fund fits investors who can accept medium risk and are comfortable with a debt scheme that does not move in a perfectly straight line. The 1-year result is weaker than the fund’s own 3-year and 5-year outcomes, so the scheme appears better suited to a longer holding period than to a short outcome test.
Compared with the benchmark, the fund has held up better across the 1-year, 3-year and 5-year windows. That relative resilience may appeal to investors who want debt exposure with a steadier return pattern and who can live with some variation from year to year. The main trade-off is that the latest year has not matched the stronger longer-term record.
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 applies as nil up to 15% of units, 0.50% in excess of the limit on or before 90D, and nil after 90D.
Source data date: as of 08 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL Dynamic Term Fund Direct Growth Plan?
The current NAV is ₹53.0197 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 5.95%, the 3-year return is 7.76%, and the 5-year return is 7.27%.
How does the fund compare with its benchmark?
It has outperformed the benchmark across 1-year, 3-year and 5-year periods. The benchmark returns for those windows are -5.72%, 6.30% and 6.05%.
How does the fund compare with peers on the available return data?
Its 1-year return is below several peers shown here, while its 5-year return is stronger than some of them. The 3-year figure sits close to the group’s middle range.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
Who manages the fund and what is the exit load?
The fund is managed by Mohit Sharma and Bhupesh Bameta. Exit load is nil up to 15% of units, 0.50% in excess of the limit on or before 90D, and nil after 90D.
Bottom line
Aditya Birla SL Dynamic Term Fund Direct Growth Plan looks better on longer holding periods than on the latest year, and that matters for a medium-risk debt fund. It has stayed ahead of the benchmark across the stated windows, while peer comparison shows a softer 1-year outcome but a more durable 5-year result. The portfolio is not concentrated in a single dominant position, and its mix of cash-like exposure, government securities and corporate debt supports a steadier profile. For investors seeking measured debt exposure with a longer horizon, that combination is the key takeaway.
Published on 9 September 2026 at 6:28 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.