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

Aditya Birla SL Conglomerate Fund Direct Growth Plan is priced at ₹10.77 as of 15 Sep 2026, with scheme assets of ₹1,610 Cr. Its 1-year, 3-year and 5-year returns are -1.55%, 0% and 0%, and it sits in the High Risk category. Our view is that this is a fund for investors who can accept short-term swings and want exposure to a concentrated conglomerate strategy, but the return record so far is still short and uneven.

The current setup looks more suitable for a patient investor who can tolerate volatility while the strategy builds a longer track record. The benchmark has also been weak over the same recent horizon, so the fund’s near-term movement should be read in context rather than in isolation.

Quick facts

Particular	Details
NAV	₹10.77 as of 15 Sep 2026
AUM	₹1,610 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 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4.94%	-4.81%
3M	-1.91%	-3.63%
1Y	-1.55%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term pattern is mixed but not unstable enough to look directionless. Over one month, the fund fell a little more than the benchmark, yet over three months and one year it stayed ahead of the benchmark because the index weakened more sharply.

That matters because the fund is still very new, launched in late 2024, so the visible history is limited. The one-year path shows a fund that has moved through a difficult period without collapsing as far as the benchmark, which is a modest positive.

At the same time, the three-year and five-year figures are not yet available in a meaningful way, so we cannot treat this as a mature long-term record. The main reading is that recent behaviour has been mixed, while the benchmark comparison has been favourable over the last three and twelve months.

For now, the return picture suggests a strategy that is still forming its identity. Investors looking at the fund should focus more on how it behaves across shorter periods and how its portfolio is constructed than on any long-term compounding claim.

Source data date: as of 15 Sep 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	-1.55%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.16%	37.12%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.05%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	26.51%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.46%	Data not available	Data not available

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

The fund’s latest one-year return trails the stronger peer figures shown here, while its own reading remains negative. The comparison is more nuanced on the longer horizon because the fund does not yet have usable 3-year or 5-year figures, whereas one peer already shows a strong 3-year number. So the short-term peer comparison looks weak, but the longer-term comparison is still incomplete rather than decisively poor.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Reliance Industries Ltd.	Crude Oil	10.85%
Larsen & Toubro Ltd.	Infrastructure	5.04%
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	4.44%
Adani Enterprises Ltd.	Trading	4.21%
Grasim Industries Ltd.	Diversified	4.17%
Bajaj Finance Ltd.	Finance	3.94%
Adani Energy Solutions Ltd.	Power	3.40%
Tube Investments of India Ltd.	Automobile & Ancillaries	3.29%
Welspun Corp Ltd.	Iron & Steel	3.18%
Tech Mahindra Ltd.	IT	2.99%

The largest holding is Reliance Industries Ltd. at 10.85%, which is large enough to have a visible influence on day-to-day fund movement. The gap from the first holding to the tenth is fairly wide, falling to 2.99% at Tech Mahindra Ltd., so the top positions are meaningful without being dominated by one single stock alone.

The top 10 holdings together account for approximately 45.51% of the portfolio, and the portfolio has 47 disclosed holdings in total. That combination suggests a structure with a meaningful core but also a longer tail of smaller positions, which may help reduce reliance on any one company even though the largest names still matter.

Because the holdings are spread across oil, infrastructure, automobiles, trading, diversified businesses, finance, power, steel and IT, the fund may behave more like a multi-theme conglomerate basket than a narrow single-sector product. That breadth can add diversification within the scheme, but it can also keep the return pattern uneven when those themes move differently.

To see all holdings, visit the Aditya Birla SL Conglomerate Fund Direct Growth Plan page

Source data date: as of 15 Sep 2026

Who should invest

This fund is suited to investors who are comfortable with High Risk products and can stay invested through uneven shorter-term performance. The one-year result is negative, but it has still held up better than the benchmark over three and twelve months, which tells us the fund can behave differently from the index in weak markets.

The main trade-off is that the portfolio is concentrated in a relatively small number of large positions, so returns may move sharply as a few holdings change direction. Investors with a medium-to-long horizon and a willingness to tolerate volatility may find the fund more relevant than those looking for steady short-term compounding.

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: 0.50% if units are sold on or before 90 days; no exit load after that period.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Conglomerate Fund Direct Growth Plan?
The current NAV is ₹10.77 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is -1.55%, while the 3-year and 5-year returns are 0% in the record provided for this launch stage.

How does the fund compare with the benchmark?
Over 1 month and 3 months, it moved in line with a weak market but stayed ahead of the benchmark over 3 months and 1 year. The benchmark remains more negative over those longer visible periods.

How does it compare with the peer funds shown here?
Its 1-year return is weaker than the peer funds listed here, while its longer-term comparison is limited because usable 3-year and 5-year figures are not yet available for this scheme.

Is there a minimum SIP?
Yes, 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% if units are sold on or before 90 days, and there is no exit load after that period.

Bottom line

Aditya Birla SL Conglomerate Fund Direct Growth Plan has a short and uneven performance record so far, with a weak one-year return but better relative movement than the benchmark over the visible recent periods. The peer comparison also shows that its latest 1-year return is far behind the stronger figures shown by the peer funds listed here. The portfolio is spread across several large positions rather than being driven by one idea alone, but it still remains High Risk and best suited to investors who can handle volatility and a developing track record.

Published on 16 September 2026 at 9:02 AM 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.