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

Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan is at ₹79.3121 as of 09 Sep 2026, with an AUM of ₹1,501 Cr. Its 1-year, 3-year and 5-year returns are 5.43%, 8.80% and 8.19%, and the scheme sits in the Medium Risk bucket.

Our view is that this is a conservative hybrid option for investors who want a steadier equity-debt mix rather than a pure equity outcome. The return profile has been reasonably stable over longer periods, and the portfolio is built around debt-heavy exposures with a smaller equity sleeve, which may help temper swings compared with more growth-oriented hybrid funds.

Quick facts

Particular	Details
NAV	₹79.3121 as of 09 Sep 2026
AUM	₹1,501 Cr
Expense Ratio	0.93%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Mohit Sharma, Harshil Suvarnkar

The fund is managed by Mohit Sharma and Harshil Suvarnkar.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.61%	-4.69%
3M	2.09%	0.93%
1Y	5.43%	-7.16%
3Y	8.80%	6.00%
5Y	8.19%	5.87%

The recent pattern is mixed but still constructive. Over one month, the fund was slightly negative, yet it held up better than the benchmark, which fell more sharply. Over three months, the fund improved while the benchmark also advanced, so the short-term gap is not especially wide.

The more important picture is at one year and beyond. The fund’s 1-year return is positive even though the benchmark is negative, which suggests the portfolio has cushioned the latest market backdrop better than Nifty 50. That same advantage continues over 3 years and 5 years, where the fund is ahead of the benchmark on both horizons.

The longer-term profile also looks steadier than a pure equity strategy. The 3-year and 5-year returns are close to each other, which points to moderate compounding rather than a sharp growth burst. For investors, that usually fits a steadier hybrid allocation where the aim is balance rather than aggressive upside.

Overall, the fund has not shown explosive recent momentum, but its longer-run numbers remain more consistent than the benchmark. That combination is often more relevant for investors who are willing to accept some market movement in exchange for a smoother return pattern.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Aditya Birla SL Conservative Hybrid?

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 Fund Direct Growth Plan	5.43%	8.80%	8.19%
Nippon India Conservative Hybrid Fund Direct Growth Plan	7.43%	8.73%	8.32%
Parag Parikh Conservative Hybrid Fund Direct Growth Plan	5.96%	9.53%	9.52%
SBI Conservative Hybrid Fund Direct Growth Plan	5.75%	8.46%	8.74%
Baroda BNP Paribas Conservative Hybrid Fund Direct Growth Plan	5.68%	8.56%	7.60%
Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan	5.43%	8.80%	8.19%

The 1-year comparison is close, but the current fund trails Nippon India Conservative Hybrid Fund Direct Growth Plan and is only slightly behind the other peers listed here. At the 3-year mark, it is ahead of several peers and sits near the stronger end of the group on that horizon, though Parag Parikh Conservative Hybrid Fund Direct Growth Plan is higher.

The 5-year view is similar: the fund stays competitive, but it does not lead the longer-term set because Parag Parikh Conservative Hybrid Fund Direct Growth Plan and Nippon India Conservative Hybrid Fund Direct Growth Plan both post higher figures. This makes the comparison a little split between short-term steadiness and long-term relative strength, rather than one clear story across every period.

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

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
8.92% Cholamandalam Investment & Finance Co. Ltd. (02/12/2034) **	Corporate Debt	3.65%
8.42% Muthoot Finance Ltd. (26/07/2029) (FRN) **	Floating Rate Instruments	3.31%
7.79% Tata Capital Housing Finance Ltd. (18/06/2030) **	Corporate Debt	3.30%
91 Day T-Bill 27.11.26	Treasury Bills	3.29%
JTPM Metal Traders Ltd. (29/09/2028) (ZCB) **	Corporate Debt	3.10%
8.20% Adani Power Ltd. (25/01/2029) **	Corporate Debt	2.32%
9.75% Nuvama Wealth Finance Ltd. (16/04/2027) **	Corporate Debt	2.01%
ICICI Bank Ltd.	Bank	1.99%
7.30% Bharti Telecom Ltd. (01/12/2027) **	Corporate Debt	1.98%
Net Receivable / Payable	Cash & Cash Equivalents and Net Assets	1.98%

The top 10 holdings account for approximately 26.93% of the portfolio.

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

The largest holding is 8.92% Cholamandalam Investment & Finance Co. Ltd. (02/12/2034) ** at 3.65%, so no single position dominates the disclosed list. The weight then steps down gradually to 1.98% for the tenth holding, which suggests the visible sleeve is diversified across multiple debt and money-market style exposures rather than concentrated in just one or two positions.

That pattern matters because the disclosed top 10 together make up 26.93% of the portfolio, while the fund shows 64 total holdings. Our view is that this points to a long tail beneath the largest names, which may reduce the influence of any one holding in isolation. At the same time, the relatively modest top-holding weights can still make individual credit and rate exposures meaningful within the overall mix.

Because the visible holdings are spread across corporate debt, floating-rate instruments, treasury bills, bank exposure and cash equivalents, the portfolio may be designed to balance income generation with some liquidity and rate sensitivity control. That structure is broadly consistent with a conservative hybrid profile.

Source data date: as of 09 Sep 2026

Who should invest

This fund suits investors who are comfortable with medium risk and want a return profile that is steadier than a pure equity fund. Its longer-term numbers are more attractive than the benchmark, while the latest one-year result also stayed positive when the benchmark was negative, which may appeal to investors who value resilience.

The better fit is usually a medium- to long-term horizon, since the 3-year and 5-year returns show the fund works better when time is allowed for compounding. The main trade-off is that the upside is likely to be more measured than an equity-heavy product, especially when peers and the benchmark are moving quickly.

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 90D, Nil after 90D.

Source data date: as of 09 Sep 2026

Frequently asked questions

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

The current NAV is ₹79.3121 as of 09 Sep 2026.

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

The fund’s 1-year return is 5.43%, its 3-year return is 8.80%, and its 5-year return is 8.19%.

How has it done against the benchmark?

It has beaten the benchmark on 1-year, 3-year and 5-year horizons. The benchmark return figures are -7.16%, 6.00% and 5.87% for those periods.

How does it compare with peer conservative hybrid funds?

Its 1-year return is below Nippon India Conservative Hybrid Fund Direct Growth Plan and a little below Parag Parikh Conservative Hybrid Fund Direct Growth Plan, while its 3-year and 5-year returns remain competitive. The longer-term comparison is mixed rather than one-sided.

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 Mohit Sharma and Harshil Suvarnkar. The exit load is 1% on or before 90D, and Nil after 90D.

Bottom line

This fund’s shorter-term movement is a little softer than its 3-year and 5-year history, but the longer-run pattern still looks steady and constructive. It compares reasonably well with peers on the middle horizon, though a few peer funds have better 1-year or 5-year figures. The Medium Risk profile and debt-heavy portfolio make it more suitable for investors looking for balance than for aggressive growth. The relatively diversified holding list and the moderate top-holding weights support that steadier stance.

Published on 10 September 2026 at 1:57 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.