{"id":224358,"date":"2026-08-31T15:16:15","date_gmt":"2026-08-31T09:46:15","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-banking-and-psu-debt-fund-direct-growth-review-2026\/"},"modified":"2026-08-31T15:16:15","modified_gmt":"2026-08-31T09:46:15","slug":"aditya-birla-sl-banking-and-psu-debt-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-banking-and-psu-debt-fund-direct-growth-review-2026\/","title":{"rendered":"Aditya Birla SL Banking &#038; PSU Debt 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-banking-psu-debt-fund-g-direct-plan\">Aditya Birla SL Banking &amp; PSU Debt Fund Direct Growth Plan<\/a> has a NAV of \u20b9403.6075 as of 28 Aug 2026, and its scheme AUM is \u20b98,833 Cr. Its 1-year, 3-year and 5-year returns are 5.2235%, 7.0979% and 6.2658%, respectively, and it sits in the Medium Risk category. Our view is that this is a steady debt fund for conservative investors who want a banking-and-PSU credit profile with moderate return consistency rather than sharp short-term moves.<\/p>\n<p>The fund\u2019s recent return profile is mixed versus the benchmark, but the longer 3-year and 5-year numbers show more stability than the latest 1-year period alone. The portfolio is concentrated in corporate debt, certificates of deposit and government securities, which supports a lower-volatility profile, although the scheme still remains credit-sensitive. For investors who want a debt allocation with a clear banking and PSU orientation, the fund offers a measured balance between yield and stability.<\/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-banking-and-psu-debt-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-banking-and-psu-debt-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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Aditya_Birla_SL_Banking_PSU_Debt\" title=\"Should you BUY or HOLD Aditya Birla SL Banking &#038; PSU Debt?\">Should you BUY or HOLD Aditya Birla SL Banking &#038; PSU Debt?<\/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-banking-and-psu-debt-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-banking-and-psu-debt-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-banking-and-psu-debt-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-banking-and-psu-debt-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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-banking-and-psu-debt-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-10\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-banking-and-psu-debt-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-11\" href=\"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-banking-and-psu-debt-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>Detail<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b9403.6075<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b98,833 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.39%<\/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>\u20b91000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Medium 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 28 Aug 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>0.03%<\/td>\n<td>-0.85%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>2.07%<\/td>\n<td>3.39%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.22%<\/td>\n<td>-2.29%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.10%<\/td>\n<td>6.40%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.27%<\/td>\n<td>7.13%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Over the very short term, the fund has been relatively stable, which is in line with a debt scheme that holds a large share of credit and government instruments. The 1-month return is slightly positive, while the 3-month number is higher, suggesting that the recent trend has been calm rather than erratic. That kind of pattern matters for investors who care more about capital preservation and smoother movement than about fast upside.<\/p>\n<p>Against the benchmark, the fund has behaved differently across time horizons. It beat the benchmark over 1 year and 3 years, but it trailed over 3 months and 5 years. That split tells us the fund has not followed a single straight line versus the benchmark; instead, it has alternated between periods of relative strength and periods where the benchmark has been more resilient. For debt investors, that is a sign to focus on the consistency of the overall pattern rather than one isolated point in time.<\/p>\n<p>The 3-year return is higher than the 5-year return, which suggests the more recent multi-year phase has been better than the full five-year stretch. The time pattern also points to some interim weakness before recovery, especially in the broader 3-year path. Our view is that the fund has not been a straight, uninterrupted compounder, but it has still maintained a reasonably steady return base for a banking-and-PSU debt strategy.<\/p>\n<p>Overall, the current performance profile is better read as measured and uneven rather than aggressive. It has outpaced the benchmark on the 1-year and 3-year windows, but the 5-year figure shows that longer holding periods have not always produced a lead over the index. That combination suits investors who want debt exposure with a defined credit orientation and can accept that different market phases may change the relative outcome.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 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_Banking_PSU_Debt\"><\/span>Should you BUY or HOLD Aditya Birla SL Banking &#038; PSU Debt?<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 Banking &#038; PSU Debt? 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-banking-psu-debt-fund-g-direct-plan\">Aditya Birla SL Banking &amp; PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>5.22%<\/td>\n<td>7.10%<\/td>\n<td>6.27%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/trustmf-banking-and-psu-fund-g-direct-plan\">TRUSTMF Banking &amp; PSU Fund Direct Growth Plan<\/a><\/td>\n<td>7.26%<\/td>\n<td>7.52%<\/td>\n<td>6.17%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-banking-and-psu-debt-fund-g-direct-plan\">Franklin India Banking &amp; PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>6.62%<\/td>\n<td>7.52%<\/td>\n<td>6.43%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/uti-banking-and-psu-debt-fund-g-direct-plan\">UTI Banking &amp; PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>6.09%<\/td>\n<td>7.41%<\/td>\n<td>7.67%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-banking-and-psu-debt-fund-g-direct-plan\">Bandhan Banking and PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>5.95%<\/td>\n<td>7.18%<\/td>\n<td>6.23%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-banking-and-psu-debt-fund-g-direct-plan\">ICICI Pru Banking and PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>5.85%<\/td>\n<td>7.34%<\/td>\n<td>6.74%<\/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 latest one-year figure, the fund sits below several peers that have stronger recent returns, while still remaining in the same broad banking-and-PSU debt space. The three-year return is competitive but not clearly ahead of the stronger peer numbers, and the five-year return is middling against the peer set where available. That makes the short-term and longer-term comparison slightly different: recent performance is softer than the strongest peers, while the medium-term picture is closer to the group.<\/p>\n<p>For investors comparing only the available return figures, the main point is that this fund has a balanced but not dominant record. The 1-year number looks less compelling than the better peer outcomes, but the 3-year number remains broadly in range. The 5-year result is also not weak in absolute terms, though it does not stand out as the strongest longer-run outcome among the listed funds.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 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<p>The market-cap mix is fully classified as other assets, with 0% in large-cap, mid-cap and small-cap buckets. That is normal for a debt-oriented scheme because the portfolio is not built around equity market-cap exposure.<\/p>\n<table>\n<thead>\n<tr>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<th>Top holdings<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>CORPORATE DEBT<\/td>\n<td>64.89%<\/td>\n<td>7.48% National Bank for Agriculture and Rural Development (15\/09\/2028) \u2014 3.56%; 6.58% Indian Railway Finance Corporation Limited (30\/05\/2030) \u2014 1.96%<\/td>\n<\/tr>\n<tr>\n<td>CERTIFICATE OF DEPOSIT<\/td>\n<td>15.36%<\/td>\n<td>Punjab National Bank (28\/01\/2027) \u2014 0.95%; Indian Bank (22\/01\/2027) \u2014 0.64%<\/td>\n<\/tr>\n<tr>\n<td>GOVERNMENT SECURITIES<\/td>\n<td>12.96%<\/td>\n<td>Government of India (08\/04\/2034) \u2014 0.91%; Government of India (07\/07\/2040) \u2014 0.73%<\/td>\n<\/tr>\n<tr>\n<td>CASH &amp; CASH EQUIVALENTS AND NET ASSETS<\/td>\n<td>3.49%<\/td>\n<td>Net receivables \/ (payables) \u2014 2.26%; Clearing Corporation of India Limited \u2014 0.72%<\/td>\n<\/tr>\n<tr>\n<td>PTC &amp; SECURITIZED DEBT<\/td>\n<td>2.58%<\/td>\n<td>Shivshakti Securitisation Trust 2025-1 (28\/09\/2029) \u2014 1.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest allocation is corporate debt at 64.89%, which is materially larger than the next two buckets and is likely to have the greatest influence on the fund\u2019s behaviour. Certificates of deposit and government securities form a meaningful secondary layer, so the portfolio does not depend on just one type of instrument. That structure may help keep the return pattern steadier than a narrower credit strategy.<\/p>\n<p>Because the fund also holds government securities and a modest cash buffer, the portfolio is not fully concentrated in one maturity or one issuer type. Even so, the corporate debt sleeve is large enough that credit conditions and spread movements could matter more than broad market sentiment. The smaller PTC and cash components add some diversification, but they are not large enough to change the overall character of the scheme.<\/p>\n<p>Our view is that the portfolio fits a debt investor who is comfortable with a banking-and-PSU credit tilt and wants a structure that still carries a substantial corporate debt anchor. The absence of equity-style market-cap exposure keeps the fund firmly in fixed-income territory, while the balance across CD and government securities adds some support around the core corporate allocation.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 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 suits investors with a moderate risk tolerance who are comfortable staying within a debt allocation rather than chasing equity-like upside. The Medium Risk label, the stable short-term pattern and the banking-and-PSU structure point to a scheme better suited for measured capital appreciation than for aggressive growth.<\/p>\n<p>An investment horizon of at least a few years makes more sense here, because the 3-year and 5-year figures show that longer holding periods can look different from shorter windows. The main trade-off is that the portfolio may offer smoother behaviour than many equity funds, but the return path is still shaped by credit exposure and may not always beat the benchmark in every period.<\/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><strong>Exit load<\/strong>: No exit load after holding period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 28 Aug 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<p><strong>What is the current NAV of Aditya Birla SL Banking &amp; PSU Debt Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b9403.6075 as of 28 Aug 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The 1-year, 3-year and 5-year returns are 5.2235%, 7.0979% and 6.2658%.<\/p>\n<p><strong>How has the fund done versus the benchmark?<\/strong><br \/>It has beaten the benchmark over 1 year and 3 years, but it has trailed over 3 months and 5 years.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP is \u20b91000.<\/p>\n<p><strong>Who manages the fund?<\/strong><br \/>Kaustubh Gupta and Harshil Suvarnkar manage the fund.<\/p>\n<p><strong>What does the portfolio look like and is there an exit load?<\/strong><br \/>The portfolio is led by corporate debt at 64.89%, followed by certificates of deposit at 15.36% and government securities at 12.96%. 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>Aditya Birla SL Banking &amp; PSU Debt Fund Direct Growth Plan has a more mixed recent record than its longer-term profile suggests. It has beaten the benchmark over 1 year and 3 years, but the 5-year comparison is less strong, and the peer set shows several funds with better recent numbers. The portfolio\u2019s heavy corporate debt allocation gives it a clear identity, while the government securities and CD sleeves add some balance. It is best viewed as a debt fund for investors who want a conservative structure with moderate return expectations and can accept credit-linked variation.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 31 August 2026 at 3:14 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 Banking & PSU Debt Fund Direct Growth Plan\",\"identifier\":\"aditya-birla-sl-banking-psu-debt-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":403.6075,\"valueReference\":\"as of 28 Aug 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"8833 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.39\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.2235},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.0979},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.2658},{\"@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 Banking & PSU Debt Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b9403.6075 as of 28 Aug 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 1-year, 3-year and 5-year returns are 5.2235%, 7.0979% and 6.2658%.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund done versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has beaten the benchmark over 1 year and 3 years, but it has trailed over 3 months and 5 years.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP is \u20b91000.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Kaustubh Gupta and Harshil Suvarnkar manage the fund.\"}},{\"@type\":\"Question\",\"name\":\"What does the portfolio look like and is there an exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The portfolio is led by corporate debt at 64.89%, followed by certificates of deposit at 15.36% and government securities at 12.96%. There is no exit load after the holding period.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Person\",\"name\":\"{{ANALYST_NAME}}\",\"affiliation\":{\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\"},\"description\":\"Uniapps Investment Adviser Pvt. Ltd. \u2014 SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aditya Birla SL Banking &amp; PSU Debt Fund Direct Growth Plan has a NAV of \u20b9403.6075 as of 28 Aug 2026, scheme AUM of \u20b98,833 Cr and 1Y\/3Y\/5Y returns of 5.2235%\/7.0979%\/6.2658%.<\/p>\n","protected":false},"author":29,"featured_media":224357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-224358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["224357"],"rank_math_title":["Aditya Birla SL Banking &amp; PSU NAV, Returns Review"],"rank_math_description":["Aditya Birla SL Banking &amp; PSU Debt Fund Direct Growth Plan NAV is \u20b9403.6075. 1Y return is 5.22% and 5Y return is 6.27%."],"rank_math_focus_keyword":["Aditya Birla SL Banking & PSU Debt 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\/08\/Aditya_Birla_SL_Banking_PSU_Debt_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224358","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\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=224358"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/224358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/224357"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=224358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=224358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=224358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}