{"id":224655,"date":"2026-08-31T16:02:29","date_gmt":"2026-08-31T10:32:29","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026\/"},"modified":"2026-09-15T15:15:36","modified_gmt":"2026-09-15T09:45:36","slug":"aditya-birla-sl-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/aditya-birla-sl-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026\/","title":{"rendered":"Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-g-direct-plan\">Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan<\/a> has a NAV of \u20b911.5236 as of 11 Sep 2026 and a scheme AUM of \u20b979 Cr. Its 1-year, 3-year and 5-year returns are 6.85%, 0% and 0%, and the risk category is Balanced Risk. Our view is that the fund suits investors who want a short-duration, credit-oriented index exposure with relatively steady recent movement, but who are comfortable with a return profile that is still early in its history.<\/p>\n<p>The fund\u2019s recent return has been modest, while the longer horizon figures remain limited because the scheme was launched on 08 Oct 2024. The portfolio is highly concentrated in near-maturity debt and money-market-style positions, so the outcome is likely to depend more on carry and cash management than on broad market swings.<\/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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Aditya_Birla_SL_CRISIL-IBX_AAA_NBFC-HFC_Index-Sep_2026\" title=\"Should you BUY or HOLD Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026?\">Should you BUY or HOLD Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026?<\/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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Aditya_Birla_SL_CRISIL-IBX_AAA_NBFC-HFC_Index-Sep_2026_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan?\">What is the current NAV of Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_its_benchmark\" title=\"How does the fund compare with its benchmark?\">How does the fund compare with 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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_the_peer_funds_listed_here\" title=\"How does the fund compare with the peer funds listed here?\">How does the fund compare with the peer funds listed here?<\/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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-direct-growth-review-2026\/#What_is_the_funds_risk_category_and_exit_load\" title=\"What is the fund\u2019s risk category and exit load?\">What is the fund\u2019s risk category and 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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-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>\u20b911.5236 as of 11 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b979 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.15%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>08 Oct 2024<\/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>Index Funds<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Harshil Suvarnkar, Vighnesh Gupta<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Harshil Suvarnkar and Vighnesh Gupta.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 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>0.42%<\/td>\n<td>-3.66%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.61%<\/td>\n<td>-1.91%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.85%<\/td>\n<td>-7.62%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The short-term pattern has been steadier on the fund side than on the benchmark side. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which points to better defensive behaviour in the recent stretch.<\/p>\n<p>The 1-year picture is also more supportive for the fund. The fund\u2019s 6.85% return compares with a negative benchmark reading over the same period, so the scheme has clearly held up better than the broad reference index across the past year.<\/p>\n<p>Longer-term interpretation needs restraint because the scheme itself is young. The 3-year and 5-year fields are not available in a meaningful way for this fund, so we cannot build a full long-cycle comparison. Even so, the recent data suggest that the fund has been doing what a short-dated AAA credit index style product is expected to do: keep fluctuations contained rather than chase large market-style gains.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 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_CRISIL-IBX_AAA_NBFC-HFC_Index-Sep_2026\"><\/span>Should you BUY or HOLD Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026?<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 CRISIL-IBX AAA NBFC-HFC Index-Sep 2026? 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-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-g-direct-plan\">Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan<\/a><\/td>\n<td>6.85%<\/td>\n<td>0%<\/td>\n<td>0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-nasdaq-100-index-fund-g-direct-plan\">ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan<\/a><\/td>\n<td>32.61%<\/td>\n<td>29.92%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-india-defence-index-fund-g-direct-plan\">Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan<\/a><\/td>\n<td>26.23%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/aditya-birla-sl-nifty-india-defence-index-fund-g-direct-plan\">Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan<\/a><\/td>\n<td>26.22%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-capital-market-index-fund-g-direct-plan\">Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan<\/a><\/td>\n<td>26.18%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-nifty-capital-markets-index-fund-g-direct-plan\">Tata Nifty Capital Markets Index Fund Direct Growth Plan<\/a><\/td>\n<td>25.91%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>On the available 1-year figures, this fund trails the stronger peer numbers by a wide margin, but the comparison is not like-for-like because the peers listed here are from very different themes and risk profiles. The fund\u2019s own 1-year return is still positive, which places it in a more defensive lane than the high-growth peer set.<\/p>\n<p>There is no meaningful 3-year or 5-year comparison advantage for the current fund, because the peer list with long-horizon figures is led by a growth-oriented index fund and the rest do not have usable long-horizon data here. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 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>TREPS<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>28.27%<\/td>\n<\/tr>\n<tr>\n<td>7.98% Sundaram Home Finance Ltd. (04\/09\/2026) **<\/td>\n<td>Corporate Debt<\/td>\n<td>15.63%<\/td>\n<\/tr>\n<tr>\n<td>7.84% Tata Capital Housing Finance Ltd. (18\/09\/2026) **<\/td>\n<td>Corporate Debt<\/td>\n<td>12.51%<\/td>\n<\/tr>\n<tr>\n<td>Bajaj Finance Ltd. (25\/09\/2026) **<\/td>\n<td>Commercial Paper<\/td>\n<td>12.45%<\/td>\n<\/tr>\n<tr>\n<td>Aditya Birla Capital Ltd. (25\/09\/2026) **<\/td>\n<td>Commercial Paper<\/td>\n<td>11.21%<\/td>\n<\/tr>\n<tr>\n<td>SMFG India Credit Company Ltd. (25\/09\/2026) **<\/td>\n<td>Commercial Paper<\/td>\n<td>8.72%<\/td>\n<\/tr>\n<tr>\n<td>7.98% Bajaj Housing Finance Ltd. (09\/09\/2026) **<\/td>\n<td>Corporate Debt<\/td>\n<td>8.13%<\/td>\n<\/tr>\n<tr>\n<td>Net Receivable \/ Payable<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>2.33%<\/td>\n<\/tr>\n<tr>\n<td>Axis Finance Ltd. (18\/09\/2026) **<\/td>\n<td>Commercial Paper<\/td>\n<td>0.62%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest position is TREPS at 28.27%, so a meaningful part of the portfolio may be parked in very short-term cash-style exposure. That can help keep day-to-day movement contained, but it also means the fund is not built around a single high-conviction security bet.<\/p>\n<p>Weights then step down fairly quickly from the top position into a cluster of corporate debt and commercial paper holdings between 15.63% and 0.62%. That spread suggests a short-dated, high-quality credit structure where several names may contribute to returns rather than one or two dominating the outcome.<\/p>\n<p>The top disclosed holdings add up to 99.87% across 9 disclosed rows, so the visible portfolio is very concentrated and leaves little room for a long tail in the disclosed slice. In our view, that concentration may make the fund more sensitive to near-term cash deployment and maturity management than to broad diversification effects.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 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 may suit investors who are comfortable with Balanced Risk and prefer a short-duration, credit-heavy index strategy over an equity-style return chase. The recent 1-year gain is positive, but the scheme is still young, so investors need a horizon long enough to let the portfolio\u2019s credit carry and maturity profile work through market cycles.<\/p>\n<p>The main trade-off is that the fund appears built for stability and disciplined exposure rather than standout upside. Investors who want a relatively contained portfolio with short-term debt and cash holdings may find that appealing, while those seeking a stronger long-term growth pattern may want to look elsewhere.<\/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.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 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_CRISIL-IBX_AAA_NBFC-HFC_Index-Sep_2026_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b911.5236 as of 11 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 fund\u2019s 1-year return is 6.85%, while the 3-year and 5-year returns are not available in a meaningful way for this scheme.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_its_benchmark\"><\/span>How does the fund compare with its benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has done better than the benchmark over 1 month, 3 months and 1 year. The benchmark figures are negative over those same periods, while the fund stayed positive.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_the_peer_funds_listed_here\"><\/span>How does the fund compare with the peer funds listed here?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is lower than the stronger return figures shown for the peer funds listed here, but those peers are from different themes and risk profiles. The current fund still shows a steadier, more defensive return pattern.<\/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=\"What_is_the_funds_risk_category_and_exit_load\"><\/span>What is the fund\u2019s risk category and exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The risk category is Balanced Risk. The fund has no exit load.<\/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 return profile is steadier than the benchmark, but the longer-horizon picture is limited by its young vintage. The peer comparison also shows that it does not match the headline 1-year figures seen in the more growth-oriented peer set, though the comparison is not directly like-for-like. With Balanced Risk, a concentrated short-dated credit mix and no exit load, it looks more suited to investors who value stability and predictable portfolio structure over aggressive upside.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 15 September 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 CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan\",\"identifier\":\"aditya-birla-sl-crisil-ibx-aaa-nbfc-hfc-index-sep-2026-fund-g-direct-plan\",\"category\":\"Index Funds\",\"dateCreated\":\"08 Oct 2024\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":11.5236,\"valueReference\":\"as of 11 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"79 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.15\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.85},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Harshil Suvarnkar, Vighnesh Gupta\"}]}<\/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 CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b911.5236 as of 11 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s 1-year return is 6.85%, while the 3-year and 5-year returns are not available in a meaningful way for this scheme.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with its benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has done better than the benchmark over 1 month, 3 months and 1 year. The benchmark figures are negative over those same periods, while the fund stayed positive.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is lower than the stronger return figures shown for the peer funds listed here, but those peers are from different themes and risk profiles. The current fund still shows a steadier, more defensive return pattern.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b91000.\"}},{\"@type\":\"Question\",\"name\":\"What is the fund\u2019s risk category and exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The risk category is Balanced Risk. The fund has no exit load.\"}}]}<\/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 CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan has a NAV of \u20b911.5236 as of 11 Sep 2026, with 1-year return of 6.85% and a Balanced Risk profile.<\/p>\n","protected":false},"author":38,"featured_media":247160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-224655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["247160"],"rank_math_title":["Aditya Birla SL CRISIL-IBX Fund NAV, Returns, Review"],"rank_math_description":["Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan NAV \u20b911.5236; 1Y return 6.85%. 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