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

Aditya Birla SL Consumption Fund Direct Growth Plan had a NAV of ₹238.90 as of 03 Sep 2026 and a scheme AUM of ₹6,153 Cr. Its 1-year, 3-year and 5-year returns are -5.52%, 9.75% and 10.05%, and it sits in the High Risk category. Our view is that this is a cyclical consumer-themed equity fund that can suit investors who can stay with higher volatility and want exposure beyond a plain benchmark style, but the recent one-year setback shows that the path can be uneven.

The fund is not a low-variability option: the longer-run figures are better than the latest one-year period, yet the benchmark comparison suggests the strategy has not moved in a straight line. The portfolio also leans meaningfully toward a few names, so the fund may be more sensitive to stock-specific moves than a broadly diversified market fund.

Quick facts

Particular	Details
NAV	₹238.9 as of 03 Sep 2026
AUM	₹6,153 Cr
Expense Ratio	0.76%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 30D, Nil after 30D
Fund Managers	Chanchal Khandelwal

The fund is managed by Chanchal Khandelwal.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.06%	-3.01%
3M	5.93%	1.95%
1Y	-5.52%	-4.40%
3Y	9.75%	5.74%
5Y	10.05%	6.27%

Over the latest month, the fund was slightly weaker than the benchmark, which tells us the recent move was more about broad market softness than a clear fund-specific break. The three-month period is more encouraging because the fund outpaced the benchmark by a useful margin, suggesting a sharper rebound than the index over that stretch.

The one-year figure is still negative, so the recent recovery has not fully repaired the damage from a difficult stretch. Against the benchmark, the fund has remained behind on a 1-year basis, even though its 3-year and 5-year returns are stronger than the benchmark over the same periods.

That mix matters. The longer-term record points to better compounding than the benchmark, but the one-year decline shows the route has been choppy rather than steady. For investors, that usually means the fund’s return pattern can change materially over different market phases, which is consistent with a portfolio that is not built like a broad index tracker.

Looking across 3 years and 5 years together, the fund has kept a positive long-term edge over the benchmark. Our view is that this gap is meaningful, but it should be weighed against the weaker one-year result and the fact that near-term behaviour can diverge from the longer trend.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Aditya Birla SL Consumption?

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 Consumption Fund Direct Growth Plan	-5.52%	9.75%	10.05%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.39%	36.34%	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	31.34%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.01%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.49%	Data not available	Data not available
Aditya Birla SL Mfg. Equity Fund Direct Growth Plan	26.54%	22.36%	15.89%

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

The fund’s 1-year return is well below every peer listed here with an available figure, which shows that the recent setback has been sharper than in those funds. The picture changes at longer horizons: its 3-year and 5-year returns are ahead of the Aditya Birla SL Mfg. Equity Fund shown here, though they remain below the strongest shorter-horizon peer numbers in this set.

That split is important. Short-term comparison points to weakness, while the 3-year and 5-year numbers show that the fund has still compounded positively over time. So the peer view is mixed: the recent period looks soft, but the longer record is not weak relative to every comparator with available figures.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Eternal Ltd.	Retailing	6.43%
Bharti Airtel Ltd.	Telecom	5.51%
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	4.68%
TVS Motor Company Ltd.	Automobile & Ancillaries	3.76%
ICICI Bank Ltd.	Bank	3.73%
Maruti Suzuki India Ltd.	Automobile & Ancillaries	3.52%
Trent Ltd.	Retailing	3.02%
ITC Ltd.	FMCG	3.01%
Hindustan Unilever Ltd.	FMCG	2.93%
Titan Company Ltd.	Diamond & Jewellery	2.85%

The top 10 holdings account for approximately 39.44% of the portfolio.

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

The largest holding, Eternal Ltd., is 6.43%, which is sizeable but not overwhelming on its own. The weight then steps down gradually through Bharti Airtel Ltd., Mahindra & Mahindra Ltd. and the rest of the top ten, so the portfolio does not look like it is dominated by a single position.

At the same time, the top ten together already make up 39.44% of disclosed holdings, and there are 62 holding rows in total. That combination suggests a meaningful core position set, with the remainder spread across a longer tail. In our view, this structure may still allow individual stock moves to influence results, but it is more balanced than a very narrow book.

The sector mix in the largest names also tilts toward retailing, telecom, automobiles and consumer franchises, which fits the fund’s consumption theme. That may help when those areas lead, but it can also mean the fund depends more on a narrower part of the market than a broad equity index does.

Source data date: as of 03 Sep 2026

Who should invest

This fund suits investors who can handle High Risk exposure and are comfortable with a return path that may move around sharply over shorter periods. The one-year decline, followed by stronger 3-year and 5-year figures, suggests that patience matters more here than quick entry and exit.

It is more appropriate for a medium- to long-term horizon, especially if the investor wants a consumption-focused equity allocation rather than a broad benchmark-style core holding. The main trade-off is that the portfolio can lag the benchmark in some periods, yet still deliver better longer-term compounding when the thematic call works.

Because the top holdings are meaningful but not singularly dominant, the fund may provide some spread across consumer-linked names while still carrying stock-specific risk. That makes it a better fit for investors who understand theme-driven volatility and are willing to wait through uneven phases.

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

Units sold on or before 30 days attract an exit load of 1%. After 30 days, there is no exit load.

Source data date: as of 03 Sep 2026

Frequently asked questions

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

The current NAV is ₹238.90 as of 03 Sep 2026.

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

The fund’s returns are -5.52% for 1 year, 9.75% for 3 years and 10.05% for 5 years.

How does it compare with the benchmark?

It trails the benchmark over 1 year, but it is ahead over 3 years and 5 years. Over 1 month, it is slightly behind the benchmark, while the 3-month period shows a clearer outperformance.

How does it compare with the peer funds listed here?

Its 1-year return is weaker than the peer funds listed here with available figures, but its 3-year and 5-year returns are stronger than the Aditya Birla SL Mfg. Equity Fund shown in the same set. The shorter-term and longer-term peer comparisons do not tell the same story.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?

Chanchal Khandelwal manages the fund. The exit load is 1% for units sold on or before 30 days, and nil after 30 days.

Published on 4 September 2026 at 1:01 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.