Aditya Birla SL Conglomerate Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Conglomerate Fund Direct Growth Plan has a NAV of ₹11.38 as of 28 August 2026 and a scheme AUM of ₹1,647 Cr. Its 1-year, 3-year and 5-year returns are 8.8995%, 0% and 0%, and the fund carries a High Risk tag. Our view is that this is a concentrated, equity-oriented mandate that can suit investors who are comfortable with sharp swings and are looking for a portfolio built around a few sector themes rather than broad market replication.

The fund has a low cost structure with a 0.63% expense ratio and a minimum SIP of ₹100. Since it launched only on 27 Dec 2024, the longer holding-period return history is still very limited, so the recent return pattern and the portfolio mix matter more than long-run compounding at this stage.

Quick facts

Item	Details
NAV	₹11.38
AUM	₹1,647 Cr
Expense Ratio	0.63%
Launch Date	27 Dec 2024
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 90D, Nil after 90D
Fund Managers	Harish Krishnan; Kunal Sangoi

The fund is managed by Harish Krishnan and Kunal Sangoi.

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.98%	-0.85%
3M	5.76%	3.39%
1Y	8.9%	-2.29%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The near-term picture is better than the benchmark. Over 1 month and 3 months, the fund stayed in positive territory while the benchmark was weaker over 1 month and only moderately positive over 3 months. That tells us the portfolio has recently handled short-term market moves with more resilience than the benchmark, even if the margin is not dramatic.

The 1-year return of 8.9% stands out because the benchmark is still negative at -2.29% over the same period. That gap supports the view that the fund has added value over the last year relative to the benchmark. The trajectory through the year also looks uneven, with periods of weakness followed by recovery, which is consistent with an actively constructed equity portfolio rather than a smooth index-like pattern.

Longer-term interpretation needs caution because the scheme is young. The 3-year and 5-year figures are not available for a full judgment, so we would not treat the current one-year record as a complete proof of consistency. At this stage, the main signal is that recent performance has been ahead of the benchmark while the visible path has still involved noticeable swings.

Source data date: as of 28 Aug 2026

Should you BUY or HOLD Aditya Birla SL Conglomerate?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL Conglomerate Fund Direct Growth Plan	8.8995%	0%	0%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	74.6291%	37.4093%	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	36.1787%	Data not available	Data not available
Aditya Birla SL Mfg. Equity Fund Direct Growth Plan	31.2065%	23.5399%	17.0758%
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.7865%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	29.7972%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year returns, the fund trails every peer listed here by a wide margin, even though its own 1-year number is positive. The 3-year and 5-year columns are not yet available for a full comparison, so the current story is mostly about a short operating history rather than a mature track record.

That difference matters because some peers show both strong one-year and longer-term numbers, while others only have short-history figures. In our view, this fund is being judged more on how its recent stock selection and sector calls behave than on a multi-year compounding record. The available peer data therefore points to a scheme that still needs time before its longer-run behaviour can be assessed alongside better-established funds.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The market-cap mix is 61.12% large cap, 13.68% mid cap, 23.71% small cap and 1.49% other. That is a balanced-looking spread across market-cap buckets, but the small-cap sleeve is still meaningful enough to keep overall volatility elevated.

Sector	Weight	Key holdings
CRUDE OIL	13.31%	RELIANCE INDUSTRIES LIMITED (12.26%)
AUTOMOBILE & ANCILLARIES	11.76%	MAHINDRA & MAHINDRA LIMITED (5.44%), TUBE INVESTMENTS OF INDIA LIMITED (2.95%)
IT	10.66%	TECH MAHINDRA LIMITED (3.07%), LTIMINDTREE LIMITED (2.62%)
FINANCE	9.11%	BAJAJ FINSERV LIMITED (2.85%), BAJAJ FINANCE LIMITED (2.39%)
INFRASTRUCTURE	7.37%	LARSEN & TOUBRO LIMITED (5.87%), GMR AIRPORT LTD (0.83%)

The sector spread is led by Crude Oil at 13.31%, followed by Automobile & Ancillaries at 11.76% and IT at 10.66%. The gap between the largest sector and the next two is noticeable but not extreme, which suggests the portfolio is tilted rather than dominated by a single theme.

Reliance Industries alone carries 12.26%, so the fund may feel the influence of that one holding more than the sector table alone implies. Even so, the wider spread across automobiles, technology, finance and infrastructure means behaviour is likely to reflect several cyclical pockets rather than only one. In our view, Crude Oil and the large-cap core are likely to have the greatest influence on how the portfolio moves from month to month.

The combination of 61.12% large cap and 23.71% small cap points to a mix that is not purely defensive and not purely high-growth either. That can help the fund participate in market upsides, but it also means short-term dips may be more visible when the smaller-cap segment or a concentrated sector moves against it.

Source data date: as of 28 Aug 2026

Who should invest

This fund fits investors who are comfortable with High Risk equity exposure and can stay invested through uneven short-term moves. The one-year result is positive, but the scheme is too young for a dependable long-term pattern, so the right horizon is medium to long term rather than a short trading-style view.

Investors who want a simple benchmark-like path may find the portfolio style less predictable because the fund combines a large-cap base with meaningful small-cap exposure and sector tilts. The main trade-off is between the possibility of differentiated returns and the likelihood of sharper drawdowns when the favoured sectors or holdings cool off.

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 is 0.50% on or before 90D, and nil after 90D.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Conglomerate Fund Direct Growth Plan?

The current NAV is ₹11.38 as of 28 August 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 8.9%, while the 3-year and 5-year returns are not available for a meaningful reading yet.

How has the fund done versus Nifty 50?

The fund is ahead of Nifty 50 over 1 month, 3 months and 1 year. The 1-year comparison is the clearest, with the fund at 8.9% versus the benchmark at -2.29%.

How does it compare with the peer funds listed here?

The fund’s 1-year return is well below the peer funds shown here, while the 3-year and 5-year fields do not yet provide a full long-term comparison. That makes the scheme look newer and less established than several of the peers with longer history.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?

The fund is managed by Harish Krishnan and Kunal Sangoi. The exit load is 0.50% on or before 90D, and nil after 90D.

Bottom line

Aditya Birla SL Conglomerate Fund Direct Growth Plan has shown better recent performance than its benchmark, but its longer-term record is still too short to read as a full cycle test. Against the peer set shown here, the one-year number is much softer, while the absence of a mature 3-year and 5-year track record keeps the comparison limited. The portfolio blends a large-cap core with meaningful small-cap exposure and sector tilts, so the fund may suit investors who can accept higher variation in exchange for an actively shaped equity approach.

Published on 31 August 2026 at 4:06 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.