Aditya Birla SL Global Emerging Opp Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Aditya Birla SL Global Emerging Opp Fund Direct Growth Plan has a NAV of ₹34.6903 as of 09 Sep 2026 and an AUM of ₹281 Cr. Its 1-year, 3-year and 5-year returns are 19.08%, 19.15% and 9.89%, and the scheme is tagged High Risk. Our view is that it has delivered stronger mid- to long-term growth than the benchmark, but the recent 1-month and 3-month path has been softer, so the fit is better for investors who can tolerate sharp swings.
The portfolio is highly concentrated in an overseas mutual fund unit, so movements in that underlying holding are likely to matter a great deal. That makes this fund more suitable for investors who want international equity exposure through a fund-of-funds structure and are comfortable with the ups and downs that can come with it.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹34.6903 as of 09 Sep 2026 |
| AUM | ₹281 Cr |
| Expense Ratio | 0.61% |
| Launch Date | 02 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | 0.25% on or before 28D, Nil after 28D |
| Fund Managers | Dhaval Joshi |
The fund is managed by Dhaval Joshi.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.45% | -4.06% |
| 3M | -1.9% | 1.37% |
| 1Y | 19.08% | -7.31% |
| 3Y | 19.15% | 6.07% |
| 5Y | 9.89% | 5.91% |
The recent picture is mixed. Over 1 month, the fund fell less than the benchmark, which tells us it held up better in the latest dip. Over 3 months, however, the benchmark was positive while the fund was slightly negative, so short-term momentum has not been smooth.
That softer short-term pattern does not erase the stronger longer-term record. The 1-year return is clearly ahead of the benchmark, and the 3-year return also sits comfortably above it. The 5-year return remains ahead as well, though the margin over the benchmark is modest rather than dramatic.
The time pattern also suggests a fund that has gone through pronounced swings before recovering. We see a weak patch in the more recent observations, but the longer stretch still points to a portfolio that has compounded reasonably well over several years. For investors, the key point is that this is not a straight-line return profile. It has been more uneven recently, even though the multi-year track record remains better than the benchmark.
On balance, we think the return profile is more important for a patient investor than for someone looking for steady month-to-month consistency. The fund has shown the ability to outperform over longer horizons, but its recent variation shows why the High Risk tag matters in practice.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Aditya Birla SL Global Emerging Opp?
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 Global Emerging Opp? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL Global Emerging Opp Fund Direct Growth Plan | 19.08% | 19.15% | 9.89% |
| Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan | 55.7% | 29.52% | 11.97% |
| HSBC Global Emerging Markets Fund Direct Growth Plan | 52.99% | 29.63% | 12.76% |
| Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan | 46% | 27.35% | 12.66% |
| HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan | 39.66% | 28.4% | 15.47% |
| HSBC Brazil Fund Direct Growth Plan | 36.09% | 16.75% | 9.97% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the faster-moving overseas peers in this set by a wide margin, even though it still sits well above its benchmark. Its 3-year return is also below the leading peer figures, and the same is true for 5-year results, where several peers have stayed ahead by a noticeable gap.
That said, the comparison is not one-dimensional. The current fund’s benchmark gap is still positive over 1, 3 and 5 years, so it has done better than the index even if it has not matched the strongest peer outcomes. The shorter-term and longer-term views point in the same direction: relative to this peer group, the fund has been steadier than exceptional.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Julius Baer Equity Next Generation – Usd Class C Shares | Overseas Mutual Fund Units | 98.7% |
| TREPS | Cash & Cash Equivalents and Net Assets | 1.4% |
Julius Baer Equity Next Generation – Usd Class C Shares dominates the portfolio at 98.7%, so its movement is likely to have the greatest influence on the fund’s day-to-day outcome. The cash and TREPS position is only 1.4%, which leaves very little room for diversification at the visible holding level.
Because only two holdings are disclosed here, the portfolio looks highly concentrated rather than spread across a broad tail of positions. That concentration may help explain why the fund can move differently from the benchmark at times, especially when the overseas underlying holding has a strong or weak patch.
We think the key practical takeaway is that this is not a multi-position domestic equity basket. It is much closer to a focused overseas fund-of-funds exposure, where one underlying unit carries almost the entire weight. For investors, that means the fund may behave more like a concentrated international allocation than a diversified equity replacement.
Source data date: as of 09 Sep 2026
Who should invest
This fund is better aligned with investors who are comfortable with High Risk and can stay invested for several years. The 1-year, 3-year and 5-year figures show that it has been capable of beating the benchmark over longer horizons, but the short-term path has been uneven.
The trade-off is clear: you get access to overseas emerging-market style exposure through a concentrated structure, but you also accept sharper volatility and the possibility of periods when the fund lags its benchmark or swings around more than expected. That makes it more suitable as a satellite allocation than as a core low-volatility holding.
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: 0.25% on or before 28D, Nil after 28D.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL Global Emerging Opp Fund Direct Growth Plan?
The NAV is ₹34.6903 as of 09 Sep 2026.
How has the fund performed over 1 year, 3 years and 5 years?
Its returns are 19.08% over 1 year, 19.15% over 3 years and 9.89% over 5 years.
How does it compare with the benchmark?
It has beaten the benchmark over 1 year, 3 years and 5 years. The 1-month and 3-month periods were weaker, so the recent pattern has been less smooth than the longer track record.
How does it compare with peer funds?
Its returns are lower than several overseas peers in this set on 1-year, 3-year and 5-year numbers, even though it still stays ahead of the benchmark.
What is the risk category and who manages the fund?
The fund is tagged High Risk. It is managed by Dhaval Joshi.
What is the exit load and tax treatment?
The exit load is 0.25% on or before 28D and nil after 28D. Short-term capital gains are taxed at 20%, while long-term capital gains are taxed at 12.5%.
Bottom line
This fund’s longer-term record is stronger than its recent short-term shape, and that difference matters. It has outpaced the benchmark over 1, 3 and 5 years, but several peer funds have posted much stronger numbers over the same horizons. The portfolio is extremely concentrated, with one overseas mutual fund unit carrying nearly all the weight, so the High Risk label is meaningful. In our view, it suits investors seeking a focused overseas allocation who can tolerate swings rather than those looking for broad diversification or smooth returns.
Published on 11 September 2026 at 10:11 AM 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.