Aditya Birla SL Infrastructure Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Aditya Birla SL Infrastructure Fund Direct Growth Plan has a NAV of ₹121.07 as of 08 Sep 2026 and scheme AUM of ₹1,250 Cr. Its 1-year, 3-year and 5-year returns are 16.78%, 17.39% and 18.47%, respectively, with a High Risk profile.
Our view is that this fund has rewarded long holding periods better than short bursts of market movement, while still carrying the sharper swings that come with an infrastructure-led equity portfolio. The current numbers make it more suitable for investors who can stay invested through volatility and want exposure where large listed businesses and project-linked names can influence returns.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹121.07 as of 08 Sep 2026 |
| AUM | ₹1,250 Cr |
| Expense Ratio | 1.41% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 30D, Nil after 30D |
| Fund Managers | Jonas Bhutta |
The fund is managed by Jonas Bhutta.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.73% | -3.86% |
| 3M | 7.34% | 1.69% |
| 1Y | 16.78% | -5.72% |
| 3Y | 17.39% | 6.30% |
| 5Y | 18.47% | 6.05% |
The fund has stayed ahead of the benchmark across every listed period, and the gap is especially clear over 1 year, where the benchmark has been negative while the fund stayed comfortably positive. That matters because it tells us the scheme’s recent resilience has been stronger than the broad-market reference used here.
The shorter windows also show a more mixed path than the multi-year numbers. The 1-month return is slightly negative, but the 3-month return is firmly positive, which suggests the fund has not moved in a straight line. Even so, the 3-year and 5-year figures remain steady and close to each other, which points to durable compounding rather than one isolated burst.
For us, the main read-through is that the fund has produced a stronger long-term outcome than the benchmark, while the most recent month reminds investors that the ride can still be choppy. That combination is common in sector-tilted equity strategies: the upside can be meaningful over time, but shorter periods can still see mild drawdowns.
The one-year number sits only a little below the 3-year and 5-year pace, which is useful because it suggests the longer-term trend has not been broken. In other words, recent behaviour is somewhat softer at the edges, but it does not look materially different from the broader multi-year pattern.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Aditya Birla SL Infrastructure?
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 Infrastructure? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL Infrastructure Fund Direct Growth Plan | 16.78% | 17.39% | 18.47% |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 71.27% | 36.22% | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 30.45% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 27.47% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 27.38% | Data not available | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 27.02% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the recent 1-year measure, the fund trails the faster-moving peer names in this table, but it still shows a positive gain while the benchmark is negative. That tells us its short-term outcome is solid, though not as strong as the more aggressive peers listed here.
On 3-year and 5-year numbers, the current fund has a clearer comparison advantage because it has both periods available and stays on a consistent upward path. Several peers in this table do not show longer history, so their shorter records do not offer the same continuity. The peer set therefore gives a mixed picture: the fund is not the fastest over 1 year, but its longer-term pattern is more complete and more stable.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Larsen & Toubro Ltd. | Infrastructure | 5.11% |
| Bharti Airtel Ltd. | Telecom | 4.57% |
| Reliance Industries Ltd. | Crude Oil | 3.7% |
| Ultratech Cement Ltd. | Construction Materials | 3.11% |
| NTPC Ltd. | Power | 3% |
| Indo-Mim Ltd. | Domestic Equities | 2.9% |
| GMR Airports Ltd. | Infrastructure | 2.64% |
| SPR Auto Technologies Ltd. | Automobile & Ancillaries | 2.62% |
| Acme Solar Holdings Ltd. | Power | 2.44% |
| TREPS | Cash & Cash Equivalents and Net Assets | 2.32% |
The top 10 holdings account for approximately 32.41% of the portfolio.
To see all holdings, visit the Aditya Birla SL Infrastructure Fund Direct Growth Plan page
The largest holding, Larsen & Toubro Ltd. at 5.11%, is not oversized by itself, but it is still the single most influential position among the disclosed names. After that, the weights step down fairly gradually rather than collapsing sharply, which suggests the top sleeve is diversified across several contributors.
The gap from the first holding to the tenth is only a few percentage points, and that tells us influence is spread across more than one or two names. Bharti Airtel Ltd., Reliance Industries Ltd. and Ultratech Cement Ltd. all sit in a similar band, so the portfolio may not depend on one dominant position to the same extent as a more concentrated fund would.
At the same time, the top 10 holdings together make up about one-third of the portfolio, while 58 holdings are disclosed in total. That combination points to a meaningful core in the large positions, but also a longer tail that may soften single-stock dependence across the full scheme.
Source data date: as of 08 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable with equity swings linked to infrastructure themes. Its 1-year outcome has been positive, but the path has not been smooth, so a medium-to-long investment horizon is more appropriate than a short trading mindset.
The main trade-off is between stronger long-term compounding and intermittent volatility. Investors who want the chance to stay ahead of a plain benchmark over time may find the pattern useful, but they need to accept that brief pullbacks can still appear even when the broader trend stays constructive.
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 30 days; nil after 30 days.
Source data date: as of 08 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL Infrastructure Fund Direct Growth Plan?
The current NAV is ₹121.07 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 16.78% for 1 year, 17.39% for 3 years and 18.47% for 5 years.
How does the fund compare with the benchmark?
It has stayed ahead of the Nifty 50 across 1 month, 3 months, 1 year, 3 years and 5 years. The sharpest gap is at 1 year, where the benchmark is negative and the fund is positive.
How does it compare with the listed peer funds?
Its 1-year return is lower than the faster-moving peers listed here, but its longer-term record is more complete because it also shows 3-year and 5-year returns. That makes the comparison more balanced than a single-period view.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
Jonas Bhutta manages the fund. The exit load is 1% if units are sold on or before 30 days, and nil after 30 days.
Bottom line
Aditya Birla SL Infrastructure Fund Direct Growth Plan has delivered a steadier long-term pattern than its benchmark, while the latest short-term reading still shows some volatility. Compared with the peer names listed here, its 1-year return is less aggressive, but the fund’s 3-year and 5-year record is more consistent and easier to read as a full cycle. The portfolio is led by a 5.11% holding and spreads meaningfully across 58 disclosed names, so it is not built around one position alone. That makes it more suitable for investors who can accept High Risk in exchange for long-horizon equity exposure.
Published on 9 September 2026 at 4:08 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.