Aditya Birla SL Nifty 50 Equal Weight Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Nifty 50 Equal Weight Index Fund Direct Growth Plan has a NAV of ₹19.2293 as of 28 August 2026, and its scheme AUM stands at ₹530 Cr. Its 1-year, 3-year and 5-year returns are 6.94%, 13.96% and 13.04%, and the fund is tagged as High Risk.

Our view is that this is a straightforward index fund with a large-cap-heavy structure and equal-weight exposure within the Nifty 50 framework. The longer-term return profile is steadier than the benchmark, but the fund still carries equity-market volatility, so it fits investors who want diversified large-cap participation and can tolerate sharp swings.

Quick facts

The fund is managed by Mehul Dama and Priya Sridhar.

Source data date: as of 28 Aug 2026

Performance

The fund has held up better than the benchmark across every listed period, which matters because the comparison is to NIFTY 50 itself. The small one-month decline is close to the benchmark’s move, so the near-term picture is more about normal equity fluctuation than a sharp divergence.

At the three-month point, the fund is slightly ahead of the benchmark, and the one-year gap is more meaningful. That gap becomes even clearer over three and five years, where the fund’s return profile is well above the benchmark’s.

The pattern suggests that the equal-weight structure has helped the fund stay more resilient across cycles than a plain benchmark-tracking outcome would imply. The trend is not smooth, though; the time pattern shows periods of drawdown and recovery, which is consistent with a High Risk equity scheme rather than a low-volatility income option.

For investors, the main takeaway is that recent movement does not change the longer view. The fund has maintained its edge over the benchmark over both medium and longer horizons, but it still moves with equity-market conditions and can experience short-term weakness.

Source data date: as of 28 Aug 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Against the listed peer set, the fund’s 1-year return is much lower than the faster-rising thematic and overseas index funds shown here. That is not unusual for a broad domestic large-cap strategy, but it does mean the recent return picture is relatively modest in this comparison set.

The 3-year and 5-year numbers present a different picture. Where longer histories are available, the fund’s 3-year and 5-year returns are stronger than the benchmark, while many peer entries do not provide those longer windows. The short-term comparison therefore looks weaker, but the longer-term view is more constructive.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap distribution

Top sectors and holdings

The portfolio is overwhelmingly large-cap, with almost the entire allocation sitting there and no mid-cap or small-cap exposure to speak of. That makes the fund structurally simple and closely tied to the behaviour of large Indian equities.

BANK is the largest sector at 17.92%, and it is meaningfully higher than the next group of sectors, each clustered around 7% to 9%. That gap means banking may have the greatest influence on portfolio behaviour even though the fund remains diversified across several large sectors.

The top holding within BANK, Kotak Mahindra Bank, also has a visibly large individual weight. At the same time, the rest of the leading holdings are much smaller, which suggests sector breadth is present but leadership still sits with a few large names.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who can accept High Risk equity volatility and want broad large-cap exposure without taking sector- or small-cap-heavy bets. The 1-year return has been softer than some growth-oriented peers in the comparison set, but the 3-year and 5-year record is more stable relative to the benchmark.

The better fit is a medium-to-long horizon, because the portfolio is almost entirely large-cap and can still move sharply with equity markets in the short run. The main trade-off is that the fund keeps things simple and diversified, but it may not match the upside seen in more aggressive thematic peers over shorter periods.

Tax and exit load

Exit load

No exit load.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Nifty 50 Equal Weight Index Fund Direct Growth Plan?
Its NAV is ₹19.2293 as of 28 August 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 6.94% over 1 year, 13.96% over 3 years and 13.04% over 5 years.

How does it compare with the benchmark?
It has outperformed the NIFTY 50 across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is especially visible over the longer periods.

How does it compare with the peer funds shown here?
Its 1-year return is lower than the faster-growing peer funds listed here, but its 3-year and 5-year numbers are stronger than the benchmark and give a steadier long-term picture.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

What should investors know about risk, holdings and exit load?
The fund is tagged High Risk, has 99.65% large-cap exposure and carries no exit load. It is managed by Mehul Dama and Priya Sridhar.

Bottom line

The fund’s short-term return profile is less striking than some of the peer funds shown here, but the longer-term picture is more balanced and consistently ahead of the benchmark. Its High Risk tag matches the equity volatility that comes with the strategy, yet the portfolio stays unusually concentrated in large caps rather than smaller companies. That makes it a cleaner large-cap index option for investors who want broad market exposure with a simple, equity-led structure and are comfortable with market swings.

Published on 31 August 2026 at 4:51 PM IST