Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan has a current NAV of ₹79.466 as of 03 Sep 2026 and a scheme AUM of ₹1,495 Cr. Its 1-year, 3-year and 5-year returns are 5.82%, 8.98% and 8.37%, respectively, and the fund sits in the Medium Risk category.

Our view is that this is a steady hybrid option rather than a return-chasing one. The fund has held up better over longer periods than in the near term, and its portfolio mixes corporate debt, government securities, floating-rate instruments and cash-like exposure, which supports a more measured profile.

Quick facts

Particular	Details
NAV	₹79.466 as of 03 Sep 2026
AUM	₹1,495 Cr
Expense Ratio	0.93%
Launch Date	02 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 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.24%	-3.01%
3M	2.73%	1.95%
1Y	5.82%	-4.4%
3Y	8.98%	5.74%
5Y	8.37%	6.27%

Recent performance has been uneven, but the fund still stayed ahead of the benchmark across every period shown. The 1-month figure is slightly negative, yet it is still better than the benchmark’s softer move over the same window, which tells us the fund absorbed short-term weakness more effectively.

Over 3 months, the fund moved ahead of the benchmark again, and the 1-year result is especially notable because the benchmark was negative while the fund remained positive. That gap matters for investors who want a hybrid fund to behave more defensively when equity markets are choppy.

The longer view is stronger. Both the 3-year and 5-year returns are comfortably above the benchmark, which suggests the fund has delivered a steadier compounding path than the index over time. We also see a modest stretch of volatility in the shorter windows, so this is not a straight-line performer, but the longer trend remains constructive.

For an investor reading this in context, the main takeaway is that the fund’s recent softness does not overturn its longer record. The pattern looks more like intermittent near-term pressure within a broader, positive long-term track than a lasting change in behaviour.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan?

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	5.82%	8.98%	8.37%
Nippon India Conservative Hybrid Fund Direct Growth Plan	7.73%	8.89%	8.37%
Baroda BNP Paribas Conservative Hybrid Fund Direct Growth Plan	6.19%	8.82%	7.65%
Parag Parikh Conservative Hybrid Fund Direct Growth Plan	6%	10.16%	9.57%
SBI Conservative Hybrid Fund Direct Growth Plan	5.94%	8.66%	8.76%
Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan	5.82%	8.98%	8.37%

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

The fund’s 1-year return is below the strongest peer figure in the table, although it still remains positive and close to several other conservative hybrid funds. On the 3-year horizon, it is ahead of two peers and tied with one, while the 5-year number sits in the middle of the listed set rather than at either extreme.

That mix tells us the short-term picture is less impressive than the longer-term one. The fund has not shown the strongest recent upside among these peers, but its 3-year and 5-year numbers remain competitive enough to show that the longer compounding record is still relevant. For investors comparing conservative hybrid funds, the decision here is less about chasing the best short-term number and more about whether the fund’s steadier longer-run profile fits the portfolio role they want it to play.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
8.92% Cholamandalam Investment & Finance Co. Ltd. (02/12/2034) **	Corporate Debt	3.66%
8.58% Muthoot Finance Ltd. (26/07/2029) (FRN)	Floating Rate Instruments	3.33%
JTPM Metal Traders Ltd. (29/09/2028) (ZCB) **	Corporate Debt	3.09%
Government of India (11/05/2036)	Government Securities	2.69%
TREPS	Cash & Cash Equivalents and Net Assets	2.49%
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%
7.30% Bharti Telecom Ltd. (01/12/2027) **	Corporate Debt	1.98%
ICICI Bank Ltd.	Bank	1.97%
Jubilant Bevco Ltd. (31/05/2028) (ZCB) **	Corporate Debt	1.85%

The top 10 holdings account for approximately 25.39% of the portfolio.

To see all holdings, visit the Aditya Birla SL Conservative Hybrid Fund(Payment)-Direct Plan page

The largest holding is 8.92% Cholamandalam Investment & Finance Co. Ltd. (02/12/2034) ** at 3.66%, which is a moderate position rather than an oversized one. The tenth holding is 1.85%, so the drop from the top name to the tenth is noticeable but not abrupt.

That spread suggests the disclosed portfolio is not heavily dependent on a single security. Corporate debt appears frequently among the largest positions, alongside floating-rate instruments, government securities, cash-like exposure and a bank holding, so the visible book may provide a blend of credit, rate and liquidity exposure.

Because the top 10 together account for 25.39% of the portfolio and the fund discloses 63 holdings overall, the visible slice looks relatively spread out across a longer tail. In our view, that can reduce the influence of any one holding, while still leaving several positions likely to matter for day-to-day movement.

Source data date: as of 03 Sep 2026

Who should invest

This fund is better suited to investors who can accept medium risk and want a conservative hybrid allocation with a longer holding period. The 1-year result has been softer than the 3-year and 5-year pattern, but the benchmark comparison stays supportive across all shown horizons.

It may appeal to investors who want steadier behaviour than an equity-heavy fund, yet still want the possibility of moderate compounding over time. The trade-off is that the fund is unlikely to deliver the kind of sharp upside associated with more aggressive funds, and recent returns can still move around in the shorter term.

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% if units are sold on or before 90 days. There is no exit load after 90 days.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan?
The current NAV is ₹79.466 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 5.82% for 1 year, 8.98% for 3 years and 8.37% for 5 years.

How has the fund performed against its benchmark?
It has stayed ahead of the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The gap is most visible over the 1-year, 3-year and 5-year horizons.

How does it compare with other conservative hybrid funds?
Its 1-year return is below the strongest figure in the peer table, but the 3-year and 5-year numbers remain competitive within the listed set. The longer record is more persuasive than the recent one.

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% if units are sold on or before 90 days, and nil after 90 days.

Bottom line

This fund’s recent performance has been a bit softer than its longer-run record, but the 3-year and 5-year numbers still compare well with the benchmark and hold up reasonably among the listed peers. The risk profile is Medium Risk, which fits a calmer hybrid allocation rather than a pure equity stance. The portfolio is also fairly spread across many holdings, with the top 10 forming only a modest share of the book. For investors wanting measured growth with a conservative tilt, that mix keeps the fund relevant.

Published on 4 September 2026 at 1:11 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.