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 ₹38.1442 as of 28 Aug 2026 and an AUM of ₹18 Cr. Its 1-year, 3-year and 5-year returns are 5.95%, 10.04% and 9.14%, and the scheme is tagged as Medium Risk. Our view is that it suits investors looking for a steadier hybrid-style allocation with modest long-term compounding, but it will not appeal to anyone expecting sharp upside.

The fund’s return pattern is more measured than aggressive, with the 5-year track record staying ahead of the benchmark on the same horizon while short-term behaviour has been less smooth. The portfolio is overwhelmingly parked in domestic mutual fund units, so the fund’s behaviour is likely to be shaped more by the underlying debt-oriented building blocks than by direct equity exposure.

Quick facts

Metric	Value
NAV	₹38.1442
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 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.30%	-0.85%
3M	3.33%	3.39%
1Y	5.95%	-2.29%
3Y	10.04%	6.40%
5Y	9.14%	7.13%

In the near term, the fund has been stable rather than dramatic. The 1-month figure is slightly positive and the 3-month return is close to the benchmark, which tells us the recent path has been broadly steady without a major stretch of outperformance. That kind of pattern usually points to a fund that is trying to preserve consistency rather than chase a sharp move.

The 1-year figure is more telling because it is clearly ahead of the benchmark, which was negative over the same period. That gap suggests the fund handled a difficult year better than the index, even though the return itself is still moderate in absolute terms. For a conservative hybrid-style product, that is a meaningful sign of resilience.

On the longer horizon, the picture improves further. The 3-year and 5-year returns are both above the benchmark, and the 5-year lead is especially important because it shows the fund has compounded at a pace the index did not match over a full market cycle. The path, however, has not been perfectly linear, so the fund has still shown some movement along the way.

Overall, we read this as a fund that has delivered a better long-run outcome than the benchmark while keeping recent behaviour relatively contained. The trade-off is that the return profile remains moderate, so the fund is better viewed as a steady compounding option than as a high-growth vehicle.

Source data date: as of 28 Aug 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	5.95%	10.04%	9.14%
SBI Silver ETF FOF Direct Growth Plan	105.32%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	104.11%	46.57%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	103.51%	Data not available	Data not available
Axis Silver FoF Direct Growth Plan	102.65%	46.63%	Data not available
HDFC Silver ETF FoF Direct Growth Plan	102.43%	46.38%	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 peers listed here, which is not surprising because the peer set behaves very differently. Within the available 3-year and 5-year figures, the fund’s numbers are more modest than the silver-linked peers that report multi-year data, but that difference mainly reflects the distinct underlying exposure rather than a simple winner-or-loser comparison. What matters more for this scheme is that its recent and long-term figures stay aligned with a conservative profile rather than a high-volatility theme.

For investors comparing only the available return figures, the important takeaway is that the current fund’s pattern is steadier and less explosive, while several peers have shown much stronger one-year momentum. At the same time, the current fund’s multi-year history is not weak in its own style: the 3-year and 5-year numbers remain constructive, so the short-term versus long-term story is not contradictory. It simply points to a different return engine.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The market-cap mix is fully parked in other assets, with 100% shown under Other Cap and 0% in large-cap, mid-cap and small-cap buckets. That tells us the scheme is not run as a direct equity-stock portfolio and should be read through its underlying fund-of-fund structure.

Sector	Weight	Holdings
DOMESTIC MUTUAL FUNDS UNITS	98.89%	HDFC CORPORATE BOND FUND – GROWTH OPTION – DIRECT PLAN: 33.13% ADITYA BIRLA SUN LIFE SHORT TERM FUND – GROWTH – DIRECT PLAN: 31.62%
CASH & CASH EQUIVALENTS AND NET ASSETS	1.11%	CLEARING CORPORATION OF INDIA LIMITED: 0.97%

The structure is highly concentrated in domestic mutual fund units, and that sector is materially larger than the cash and equivalents bucket. This means the fund’s day-to-day movement may be influenced more by the behaviour of the underlying debt-oriented mutual fund holdings than by a broad mix of sectors or companies.

Within the visible holdings, the two largest positions are close to one-third each, which reinforces the idea that a small number of underlying funds could have greater influence on outcomes. Because the portfolio is built almost entirely from mutual fund units, the fund is likely to behave as an aggregated fixed-income-oriented allocation rather than a diversified direct-stock strategy.

For investors, the main point is that this is a layered structure with limited direct sector spread. The cash component is small, so most of the portfolio is committed to the underlying fund positions, and that may keep the return pattern more closely tied to those building blocks.

Source data date: as of 28 Aug 2026

Who should invest

This fund is better suited to investors with moderate-risk tolerance who want a smoother journey than an equity-heavy product. The Medium Risk tag, the positive multi-year returns, and the benchmark-beating 3-year and 5-year numbers support a profile that may work better for medium- to long-term holders than for short-term traders.

The main trade-off is clear: the fund offers steadier compounding than a high-octane return profile, but that also means the upside is more restrained than what you would expect from stronger momentum themes. Its conservative allocation style and fund-of-fund structure may appeal to investors who value balance and consistency more than rapid gains.

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 28 Aug 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Conservative Hybrid Active FOF Direct Growth Plan?
The current NAV is ₹38.1442 as of 28 Aug 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 5.95%, the 3-year return is 10.04% and the 5-year return is 9.14%.

How has the fund performed versus the benchmark?
It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark’s 1-year return is -2.29%, while its 3-year and 5-year returns are 6.40% and 7.13%.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages this fund?
Kartikeya Singh manages the fund.

What is the exit load and tax treatment?
The exit load is 1% on or before 1 year and nil after 1 year. Units held less than 1 year attract 20% short-term capital gains tax, while units held more than 1 year attract 12.5% long-term capital gains tax.

Bottom line

This fund’s recent behaviour is steadier than dramatic, but its longer-term numbers are still constructive and remain ahead of the benchmark on 3-year and 5-year horizons. The return profile is moderate, which fits its Medium Risk tag, and the portfolio is heavily concentrated in domestic mutual fund units rather than direct stock exposure. That makes the scheme more suitable for investors who want measured compounding and can stay through periods when short-term moves are less exciting than the long-term trend.

Published on 31 August 2026 at 4:08 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.