Aditya Birla SL Conservative Hybrid Active FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Conservative Hybrid Active FOF Direct Growth Plan has a NAV of ₹38.105 as of 08 Sep 2026 and a scheme AUM of ₹18 Cr. Its 1-year, 3-year and 5-year returns are 5.21%, 9.37% and 8.86% respectively, and the fund sits in the Medium Risk bucket. Our view is that it suits investors looking for a comparatively steady hybrid-style allocation through a fund-of-funds structure, with the main trade-off being that short-term moves can stay close to the market while long-term returns have remained moderate rather than aggressive.

The fund has a Nifty 50 benchmark and a one-year return pattern that is more restrained than its 3-year and 5-year numbers. That combination suggests a scheme that has delivered better compounding over longer periods than in the recent year, while still carrying enough equity exposure to fluctuate around the broader market.

Quick facts

Particular	Details
NAV	₹38.105 as of 08 Sep 2026
AUM	₹18 Cr
Expense Ratio	0.55%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	1% on or before 1Y, Nil after 1Y
Fund Managers	Kartikeya Singh

The fund is managed by Kartikeya Singh.

Source data date: as of 08 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.39%	-4.69%
3M	2.54%	0.93%
1Y	5.21%	-7.16%
3Y	9.37%	6%
5Y	8.86%	5.87%

In the near term, the fund has held up better than the benchmark over 1 month, 3 months and 1 year. That matters because the latest year was not a strong one for the benchmark, while the fund still managed a positive return. The one-month reading is slightly negative, so recent momentum is not uniformly strong, but it is still less weak than the benchmark over the same stretch.

The longer view is healthier. The 3-year return of 9.37% and the 5-year return of 8.86% both sit above the benchmark’s 6% and 5.87% respectively. That tells us the fund has been able to compound at a better pace than the benchmark across the medium and longer horizon, even though it has not produced an explosive return profile. The 3-year path also shows that performance has improved from an earlier softer phase.

We also see a steadier long-run pattern than a sharp one-way trend. The return path over the last 5 years includes stretches of recovery and a few pullbacks, but the overall direction has been upward. For investors, that usually points to a fund that may suit gradual compounding expectations more than tactical performance chasing.

Source data date: as of 08 Sep 2026

Should you BUY or HOLD Aditya Birla SL Conservative Hybrid Active FOF?

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 Conservative Hybrid Active FOF Direct Growth Plan	5.21%	9.37%	8.86%
SBI Silver ETF FOF Direct Growth Plan	84.9%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	84.03%	46.21%	Data not available
Nippon India Silver ETF FOF Direct Growth Plan	83.29%	46.02%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	82.53%	Data not available	Data not available
Aditya Birla SL Silver ETF FOF Direct Growth Plan	82.46%	45.91%	Data not available

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

The fund’s 1-year return is far below the silver-ETF FoF names listed here, but those peers are pursuing a very different kind of exposure. Against the more relevant medium-term figures available, the current fund’s 3-year and 5-year returns are lower than the silver-focused peers shown with 3-year numbers, yet its profile is also materially steadier and tied to a conservative-hybrid style rather than a commodity-led move. For an investor comparing only the available numbers, the short-term story and the longer-term story are not the same: the fund has been modest recently, but its longer horizon remains more balanced.

Source data date: as of 08 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Aditya Birla Sun Life Short Term Fund – Direct Plan – Growth	Domestic Mutual Funds Units	38.49%
HDFC Corporate Bond Fund – Growth Option – Direct Plan	Domestic Mutual Funds Units	38%
Aditya Birla Sun Life Flexi Cap Fund – Growth – Direct Plan	Domestic Mutual Funds Units	5.81%
ICICI Prudential Large Cap Fund (Erstwhile Bluechip Fund) – Direct Plan – Growth	Domestic Mutual Funds Units	4.17%
Kotak Multicap Fund-Direct Plan-Growth	Domestic Mutual Funds Units	3.81%
Nippon India Growth Mid Cap Fund – Direct Plan Growth Plan – Growth Option	Domestic Mutual Funds Units	3.64%
DSP Small Cap Fund – Direct Plan – Growth	Domestic Mutual Funds Units	3.29%
TREPS	Cash & Cash Equivalents and Net Assets	1.88%
Aditya Birla Sun Life Large Cap Fund – Growth – Direct Plan	Domestic Mutual Funds Units	1.33%

The largest holding is Aditya Birla Sun Life Short Term Fund – Direct Plan – Growth at 38.49%, which is large enough to be a meaningful driver of day-to-day movement. The next holding, HDFC Corporate Bond Fund – Growth Option – Direct Plan, is close behind at 38%, so the portfolio is not built around one isolated position. Instead, the top two sleeves together dominate the disclosed mix and likely anchor the fund’s conservative profile.

After those two positions, the weights fall away sharply. The third holding is only 5.81%, and the rest of the list remains in a much narrower band, with the tenth-disclosed holding absent because only nine holdings are shown. That drop-off suggests the portfolio is not evenly spread across many similarly sized positions; it is led by a few very large allocations and then a long tail of much smaller ones.

Because the nine disclosed holdings account for 100% of the portfolio, we can see the full visible allocation rather than a partial snapshot. That makes the fund look fairly concentrated within its chosen set of underlying funds, even though the underlying exposures themselves are diversified across debt, equity and cash-like instruments. The overall structure may help stability, but the largest sleeves are likely to have greater influence on returns than the smaller ones.

Source data date: as of 08 Sep 2026

Who should invest

This fund fits investors who are comfortable with a Medium Risk profile and want a hybrid-style allocation without expecting equity-fund type upside. The 1-year return has been positive but modest, while the 3-year and 5-year numbers show better compounding than the benchmark over longer periods. That pattern makes the fund more suitable for a medium to long horizon rather than short-term outcome seeking.

The main trade-off is that the portfolio is led by large debt-oriented and fund-of-fund exposures, so the return path can be steadier but also less exciting than more aggressive equity options. Investors who want a balance between capital stability and participation in market-linked growth may find the structure understandable. Those who need very strong near-term upside, or who cannot tolerate moderate fluctuations, may find the return profile too restrained.

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: 1% on or before 1Y, Nil after 1Y.

Source data date: as of 08 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Conservative Hybrid Active FOF Direct Growth Plan?
Its current NAV is ₹38.105 as of 08 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 5.21% for 1 year, 9.37% for 3 years and 8.86% for 5 years.

How does it compare with the benchmark?
It has beaten the NIFTY 50 over 1 year, 3 years and 5 years, with benchmark returns of -7.16%, 6% and 5.87% in those periods.

How does it compare with the peer funds listed here?
Its 1-year return is much lower than the silver ETF FoF peers shown here, while its 3-year and 5-year returns are also lower where those peer figures are available. The comparison also reflects that those peers have a very different return pattern and exposure style.

Is there a minimum SIP amount?
No minimum SIP amount is stated here.

Who manages the fund and what is the exit load?
Kartikeya Singh manages the fund. The exit load is 1% on or before 1 year and nil after 1 year.

Bottom line

Aditya Birla SL Conservative Hybrid Active FOF Direct Growth Plan has shown a modest recent year, but its 3-year and 5-year returns are stronger than the benchmark and suggest a better longer-term compounding pattern. The fund’s Medium Risk label and concentrated top holdings point to a structure that may offer steadier movement than pure equity funds, while still staying linked to market conditions. It looks most suitable for investors who want a balanced, multi-sleeve allocation and are comfortable with moderate returns rather than fast growth.

Published on 10 September 2026 at 1:36 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.