Aditya Birla SL MNC Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Aditya Birla SL MNC Fund Direct Growth Plan has a NAV of ₹1458.04 as of 08 Sep 2026 and a scheme AUM of ₹3,292 Cr. Its 1-year, 3-year and 5-year returns are -5.2%, 6.71% and 6.31% respectively, and it sits in the High Risk bucket.
Our view is that this is a fund for investors who can tolerate uneven periods and are looking for a portfolio with a multinational and quality-tilted equity mix. The recent one-year outcome has been weak, but the longer-term figures are steadier, and the portfolio is led by consumer, automobile and healthcare names rather than broad market exposure.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,458.04 as of 08 Sep 2026 |
| AUM | ₹3,292 Cr |
| Expense Ratio | 1.29% |
| 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 | Chanchal Khandelwal |
The fund is managed by Chanchal Khandelwal.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.33% | -3.86% |
| 3M | 4.14% | 1.69% |
| 1Y | -5.2% | -5.72% |
| 3Y | 6.71% | 6.3% |
| 5Y | 6.31% | 6.05% |
The one-month and one-year numbers point to a choppy stretch, but the fund still held up slightly better than the benchmark over both periods. That tells us the recent drawdown has been real, yet not worse than the broad market reference used here. The 3-month figure is a more constructive sign because the fund bounced back more strongly than NIFTY 50 over the same window.
Over 3 years and 5 years, the picture is more even. The fund is modestly ahead of the benchmark in both periods, which suggests the strategy has added a little value over time even though the margin is not wide. That combination matters: it is not a high-momentum story, but it does show that the portfolio has been able to compound at a pace slightly above the benchmark through a longer cycle.
The longer series also suggests this is not a straight-line performer. Returns have moved through weaker and stronger phases, so investors should expect periods where the fund lags or goes sideways before recovering. Our view is that the current pattern is better suited to patient equity investors than to anyone looking for a smooth short-term path.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Aditya Birla SL MNC?
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 MNC? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Aditya Birla SL MNC Fund Direct Growth Plan | -5.2% | 6.71% | 6.31% |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 71.49% | 36.55% | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 30.45% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 28.85% | Data not available | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 28.6% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 27.47% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund looks very different from the highest recent-return peer names because its one-year figure is negative while those themes have posted strong gains. That said, its 3-year and 5-year returns are positive and stay ahead of the benchmark, which gives the fund a steadier longer-term shape than the more cyclical peer set. The short-term comparison is therefore much weaker than the longer-term one.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Maruti Suzuki India Ltd. | Automobile & Ancillaries | 4.94% |
| United Spirits Ltd. | Alcohol | 4.09% |
| Nestle India Ltd. | FMCG | 3.72% |
| Hindustan Unilever Ltd. | FMCG | 3.68% |
| Bosch Ltd. | Automobile & Ancillaries | 3.31% |
| Britannia Industries Ltd. | FMCG | 3.14% |
| Gland Pharma Ltd. | Healthcare | 3.11% |
| Cummins India Ltd. | Automobile & Ancillaries | 2.99% |
| Schaeffler India Ltd. | Automobile & Ancillaries | 2.93% |
| Vedanta Aluminium Metal Ltd. | Non – Ferrous Metals | 2.83% |
The largest holding, Maruti Suzuki India Ltd., is 4.94%, which is meaningful but not dominant on its own. The tenth holding is 2.83%, so the decline from first to tenth is relatively gradual rather than steep, and that points to a basket that is spread across several individual positions instead of relying on one or two outsized bets.
The top 10 holdings together account for approximately 34.74% of the portfolio, while the fund discloses 61 holdings in total. That combination suggests the visible core is fairly diversified, but the remaining exposure is still wide enough to matter. In our view, the fund may be using a layered approach: a set of larger convictions at the top, followed by a longer tail that could influence returns without overpowering them.
Sector names also show a clear style tilt. Automobile & Ancillaries and FMCG appear several times among the top positions, with healthcare and industrial-linked names also present. That mix may help reduce dependence on a single sector theme, even though the fund still carries equity market risk.
To see all holdings, visit the Aditya Birla SL MNC Fund Direct Growth Plan page
Source data date: as of 08 Sep 2026
Who should invest
This fund suits investors who can accept High Risk and who have a multi-year horizon. The one-year result was negative, but the 3-year and 5-year figures are positive and slightly ahead of the benchmark, so the fund looks better as a patient allocation than as a short-term return play.
The main trade-off is straightforward: you get a portfolio with a distinctive multinational and quality-tilted stock mix, but you also have to live with uneven shorter-term performance. Relative to peers that have recently delivered much stronger one-year returns, this fund has less momentum now; relative to its benchmark over longer windows, it has been a bit stronger. That makes it more suitable for investors who value the longer arc of compounding and can tolerate interim fluctuations.
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 08 Sep 2026
Frequently asked questions
What is the current NAV of Aditya Birla SL MNC Fund Direct Growth Plan?
The current NAV is ₹1458.04 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -5.2%, the 3-year return is 6.71% and the 5-year return is 6.31%.
How does the fund compare with Nifty 50?
It is slightly ahead of Nifty 50 over 1 month, 1 year, 3 years and 5 years, and the gap is modest in each case.
Which peer fund has the strongest 1-year return among the listed peers?
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan shows the strongest listed 1-year return at 71.49%. The other listed peers are also positive over 1 year, while this fund is negative over the same period.
Is there a minimum SIP requirement?
Yes. The minimum SIP amount is ₹100.
What are the fund’s risk profile, exit load and manager details?
The fund is in the High Risk category and is managed by Chanchal Khandelwal. The exit load is 1% if units are sold on or before 90 days and nil after 90 days.
Bottom line
Aditya Birla SL MNC Fund Direct Growth Plan has a mixed recent record: the latest one-year return is negative, but the 3-year and 5-year figures remain positive and slightly ahead of the benchmark. Against the listed peers, the recent return looks much softer, while the longer-term pattern is more measured and stable. The portfolio is built around a set of relatively visible individual holdings, led by Maruti Suzuki India Ltd. at 4.94%, with no single position dominating the fund. That profile fits investors who can stay invested through uneven phases and who are comfortable with High Risk exposure.
Published on 9 September 2026 at 4:22 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.