{"id":224324,"date":"2026-08-31T14:58:48","date_gmt":"2026-08-31T09:28:48","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/"},"modified":"2026-09-09T15:57:13","modified_gmt":"2026-09-09T10:27:13","slug":"aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/","title":{"rendered":"Aditya Birla SL Floating Interest Rates Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-floating-interest-rates-fund-g-direct-plan\">Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan<\/a> has an NAV of \u20b9385.5663 as of 08 Sep 2026 and a scheme AUM of \u20b913,211 Cr. Its 1-year, 3-year and 5-year returns are 6.41%, 7.51% and 6.77%, and the risk category is Balanced Risk.<\/p>\n<p>Our view is that this is a steady debt option rather than a high-octane return play. The recent return pattern is stable, the longer track record is consistent, and the portfolio is built around interest-rate-sensitive debt instruments and government securities, which suits investors who can accept moderate movement for relatively measured compounding.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Aditya_Birla_SL_Floating_Interest_Rates\" title=\"Should you BUY or HOLD Aditya Birla SL Floating Interest Rates?\">Should you BUY or HOLD Aditya Birla SL Floating Interest Rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Aditya_Birla_SL_Floating_Interest_Rates_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan?\">What is the current NAV of Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#How_has_the_fund_performed_against_its_benchmark\" title=\"How has the fund performed against its benchmark?\">How has the fund performed against its benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_floating-rate_funds\" title=\"How does it compare with peer floating-rate funds?\">How does it compare with peer floating-rate funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund and what is the exit load?\">Who manages the fund and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-floating-interest-rates-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b9385.5663 as of 08 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b913,211 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.24%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b91,000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Balanced Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Debt<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load after holding period<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Kaustubh Gupta, Harshil Suvarnkar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Kaustubh Gupta and Harshil Suvarnkar.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.45%<\/td>\n<td>-3.86%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.81%<\/td>\n<td>1.69%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.41%<\/td>\n<td>-5.72%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.51%<\/td>\n<td>6.3%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.77%<\/td>\n<td>6.05%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The latest month and quarter suggest a relatively calm path, with the fund staying slightly positive while the benchmark has been more uneven over the same windows. That matters because short-dated moves can affect sentiment in floating-rate debt, even when the broader compounding pattern remains intact.<\/p>\n<p>Over 1 year, the fund has clearly outpaced the benchmark, which was negative in the same period. That is a meaningful sign of resilience, but we do not read it as a guarantee of repeatability; debt returns can shift as rate conditions and portfolio cash flows change.<\/p>\n<p>The longer record is steadier than the benchmark as well. The 3-year return of 7.51% and 5-year return of 6.77% both sit above the benchmark figures, and the gap is narrower at the longer horizon than it is for 1 year. Our reading is that the fund has shown a more reliable earnings pattern than the benchmark while still keeping its return profile in a moderate band rather than stretching for equity-like upside.<\/p>\n<p>Across the supplied time periods, the fund\u2019s path looks more consistent than erratic. There are signs of brief softness and recovery in the shorter windows, but the overall pattern remains upward over medium and long horizons, which is generally what investors want from a floating-rate debt allocation.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Aditya_Birla_SL_Floating_Interest_Rates\"><\/span>Should you BUY or HOLD Aditya Birla SL Floating Interest Rates?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding Aditya Birla SL Floating Interest Rates? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-floating-interest-rates-fund-g-direct-plan\">Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>6.41%<\/td>\n<td>7.51%<\/td>\n<td>6.77%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-floating-interest-rates-fund-g-direct-plan\">Axis Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>7.41%<\/td>\n<td>8.41%<\/td>\n<td>7.24%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-floating-interest-rates-fund-g-direct-plan\">Bandhan Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>7%<\/td>\n<td>7.93%<\/td>\n<td>6.81%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-floating-interest-rates-fund-g-direct-plan\">ICICI Pru Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>6.97%<\/td>\n<td>7.97%<\/td>\n<td>7.12%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-floating-interest-rates-fund-g-direct-plan\">Franklin India Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>6.84%<\/td>\n<td>8.19%<\/td>\n<td>7.2%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-floating-interest-rates-fund-g-direct-plan\">Tata Floating Interest Rates Fund Direct Growth Plan<\/a><\/td>\n<td>6.71%<\/td>\n<td>7.54%<\/td>\n<td>6.78%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the available return data, the fund trails several peers in the latest 1-year period, where Axis, Bandhan, ICICI Pru, Franklin India and Tata all post higher figures. The gap is not extreme, but it does show that the fund has not been the strongest recent performer in this group.<\/p>\n<p>The longer picture is more balanced. At 3 years, it remains behind Axis, ICICI Pru and Franklin India, but it is close to Tata and above neither the benchmark nor the broader trend of the strongest peer readings. At 5 years, it sits near the middle of the group, which tells us the fund\u2019s long-run profile is competitive even if its recent pace has been a little softer than the better peer outcomes.<\/p>\n<p>That split between short-term and longer-term comparison is important. The fund looks more dependable over time than its latest year alone might suggest, but the peer set shows that other floating-rate funds have delivered somewhat stronger recent and medium-term numbers.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Government of India (22\/09\/2033) (FRB)<\/td>\n<td>Government Securities<\/td>\n<td>7.33%<\/td>\n<\/tr>\n<tr>\n<td>Net Receivable \/ Payable<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>2.79%<\/td>\n<\/tr>\n<tr>\n<td>7.28% Small Industries Development Bank of India (04\/06\/2029) (FRN) **<\/td>\n<td>Floating Rate Instruments<\/td>\n<td>2.64%<\/td>\n<\/tr>\n<tr>\n<td>7.48% National Bank for Agriculture and Rural Development (15\/09\/2028)<\/td>\n<td>Corporate Debt<\/td>\n<td>2.34%<\/td>\n<\/tr>\n<tr>\n<td>7.20% Knowledge Realty Trust (26\/09\/2028) **<\/td>\n<td>Corporate Debt<\/td>\n<td>2.25%<\/td>\n<\/tr>\n<tr>\n<td>TREPS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>2.05%<\/td>\n<\/tr>\n<tr>\n<td>7.30% Bharti Telecom Ltd. (01\/12\/2027) **<\/td>\n<td>Corporate Debt<\/td>\n<td>1.99%<\/td>\n<\/tr>\n<tr>\n<td>Union Bank of India (16\/03\/2027) **#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>1.83%<\/td>\n<\/tr>\n<tr>\n<td>7.21% Embassy Office Parks Reit (17\/03\/2028) **<\/td>\n<td>Corporate Debt<\/td>\n<td>1.7%<\/td>\n<\/tr>\n<tr>\n<td>7.44% National Bank for Agriculture and Rural Development (17\/07\/2029) **<\/td>\n<td>Corporate Debt<\/td>\n<td>1.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 26.42% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-floating-interest-rates-fund-g-direct-plan\">Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding is Government of India (22\/09\/2033) (FRB) at 7.33%, which is meaningful but not dominant by itself. After that, the weights step down fairly quickly into the low-2% range, so no single line item appears to drive the portfolio on its own.<\/p>\n<p>The spread from the first holding to the tenth is modest in absolute terms, yet the table also shows that the portfolio is not packed tightly at the top. The top 10 together account for about 26.42% of holdings, which suggests a longer tail of positions beyond the largest disclosed names.<\/p>\n<p>With 68 disclosed holdings, the fund appears to spread exposure across many individual securities rather than concentrate everything in a handful of bets. That structure may help keep issuer-specific risk from becoming too large, while still leaving the fund sensitive to rate movements through its floating-rate and debt-heavy mix.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who can accept moderate volatility in exchange for a steadier debt-style return pattern. The Balanced Risk label and the 1-year, 3-year and 5-year numbers point to a profile that is more measured than aggressive, while still showing the ability to stay ahead of the benchmark across the periods shown.<\/p>\n<p>We see it as more suitable for a medium- to longer-term horizon than for a very short parking need. The main trade-off is that the returns are not designed to jump sharply in strong markets, but the portfolio structure and multi-year record suggest a more disciplined path than an unconstrained return chase.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>No exit load after holding period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 08 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Aditya_Birla_SL_Floating_Interest_Rates_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The NAV is \u20b9385.5663 as of 08 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The returns are 6.41% for 1 year, 7.51% for 3 years and 6.77% for 5 years.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_the_fund_performed_against_its_benchmark\"><\/span>How has the fund performed against its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has been ahead of the benchmark across the periods shown. The benchmark\u2019s 1-year return is negative, while the fund is positive over 1 year, 3 years and 5 years.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_floating-rate_funds\"><\/span>How does it compare with peer floating-rate funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its recent and medium-term returns are lower than several peers, especially Axis, ICICI Pru and Franklin India. At 5 years, it remains competitive, but not the strongest in the set.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b91000.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Kaustubh Gupta and Harshil Suvarnkar. There is no exit load after the holding period.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund\u2019s recent performance is a little softer than some peers, but its medium- and longer-term record remains steady and comfortably ahead of the benchmark across the periods shown. The Balanced Risk profile, floating-rate orientation and spread across 68 disclosed holdings make it look more like a disciplined debt allocation than a concentrated bet. For investors who want moderate risk and a reasonably consistent compounding pattern, it fits better as a longer-horizon debt sleeve than as a short-term return chase.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 9 September 2026 at 3:56 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan\",\"identifier\":\"aditya-birla-sl-floating-interest-rates-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":385.5663,\"valueReference\":\"as of 08 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"13211 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.24\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.41},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.51},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.77},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Kaustubh Gupta, Harshil Suvarnkar\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The NAV is \u20b9385.5663 as of 08 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The returns are 6.41% for 1 year, 7.51% for 3 years and 6.77% for 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed against its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has been ahead of the benchmark across the periods shown. The benchmark\u2019s 1-year return is negative, while the fund is positive over 1 year, 3 years and 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer floating-rate funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its recent and medium-term returns are lower than several peers, especially Axis, ICICI Pru and Franklin India. At 5 years, it remains competitive, but not the strongest in the set.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b91000.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Kaustubh Gupta and Harshil Suvarnkar. There is no exit load after the holding period.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan has a \u20b9385.5663 NAV, \u20b913,211 Cr AUM and 6.77% 5Y return as of 08 Sep 2026.<\/p>\n","protected":false},"author":38,"featured_media":238696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-224324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["238696"],"rank_math_title":["Aditya Birla SL Floating Interest Rates Fund | NAV"],"rank_math_description":["Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan NAV \u20b9385.5663, 1Y return 6.41% and 5Y return 6.77% as of 08 Sep 2026."],"rank_math_focus_keyword":["Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Aditya_Birla_SL_Floating_Interest_Rates_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral-1.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=224324"}],"version-history":[{"count":2,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224324\/revisions"}],"predecessor-version":[{"id":238698,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224324\/revisions\/238698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/238696"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=224324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=224324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=224324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}