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

Aditya Birla SL Consumption Fund Direct Growth Plan has a NAV of ₹237.13 as of 08 Sep 2026 and a scheme AUM of ₹6,085 Cr. Its 1-year, 3-year and 5-year returns are -6.51%, 8.98% and 9.88%, respectively. The scheme sits in High Risk, so our view is that it suits investors who can tolerate swings and want a consumption-oriented equity fund with a long holding period.

The recent 1-year weakness sits alongside a steadier 3-year and 5-year track record, which makes this more of a patience-led holding than a short-term momentum story. The benchmark has also been uneven, but the fund has held up better than the benchmark over 3 years and 5 years on the numbers available here.

Quick facts

Particular	Details
NAV	₹237.13 as of 08 Sep 2026
AUM	₹6,085 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 08 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.5%	-3.86%
3M	5.59%	1.69%
1Y	-6.51%	-5.72%
3Y	8.98%	6.3%
5Y	9.88%	6.05%

The fund’s recent pattern is mixed rather than smooth. Over 1 month, it fell, but the decline was slightly smaller than the benchmark’s. Over 3 months, it recovered more strongly than the benchmark, which suggests the portfolio has been able to participate in short-term rebounds when market conditions improved.

The 1-year figure is still negative, and it trails the benchmark, so the fund has not fully escaped the weaker one-year backdrop. That said, the gap versus the benchmark is not large, which points to a market-linked drawdown rather than a fund-specific collapse.

The longer picture is better. Both the 3-year and 5-year returns are ahead of the benchmark, and that matters more for a consumption-oriented equity fund where the return path can be uneven from year to year. Our view is that the fund has rewarded staying power more than tactical entry and exit.

The time pattern also suggests a distinct recovery phase after earlier softness. The 3-year run improved meaningfully before giving back some ground more recently, but the 5-year track still leaves the fund ahead of the benchmark. For investors, that means the recent weakness does not erase the longer compounding trend, but it does argue for realistic expectations about volatility.

Source data date: as of 08 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	-6.51%	8.98%	9.88%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	71.27%	36.22%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.45%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	27.38%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.02%	Data not available	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 very strong recent numbers posted by the peer funds listed here. That does not make the comparison one-sided, because the current fund’s 3-year and 5-year returns are available while most peer entries here do not show longer-period figures. On the returns that can be compared, its longer-term profile looks steadier than its short-term result.

In other words, the peer snapshot tells two different stories. The short-term group is led by funds with sharp recent gains, while the current fund’s advantage is that it still shows a positive 3-year and 5-year record. That makes the comparison more about time horizon than about a single period.

Source data date: as of 08 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Eternal Ltd.	Retailing	7.05%
Bharti Airtel Ltd.	Telecom	5.12%
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	4.57%
TVS Motor Company Ltd.	Automobile & Ancillaries	3.83%
ICICI Bank Ltd.	Bank	3.82%
Maruti Suzuki India Ltd.	Automobile & Ancillaries	3.39%
Titan Company Ltd.	Diamond & Jewellery	3.02%
Trent Ltd.	Retailing	2.93%
Hindustan Unilever Ltd.	FMCG	2.77%
ITC Ltd.	FMCG	2.77%

The top 10 holdings account for approximately 39.27% of the portfolio.

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

The largest holding, Eternal Ltd., is 7.05%, so no single stock dominates the portfolio by itself. The tenth holding is 2.77%, which shows a clear taper from the top position to the edge of the visible list, but not a collapse in weight. That pattern suggests the fund may have a meaningful core of higher-conviction positions while still keeping each individual holding at a moderate level.

Because the top 10 holdings together account for 39.27% of the portfolio, the remaining disclosed holdings appear to make up a long tail across the rest of the 60-stock book. That structure may reduce dependence on just a handful of names, while still leaving the fund likely to have greater influence from the larger positions. In a consumer-led strategy, that balance can matter because performance may be shaped by both stock selection and broader sector rotation.

Source data date: as of 08 Sep 2026

Who should invest

This fund may suit investors who can live with sharp swings and who are comfortable holding an equity allocation through uneven year-on-year results. The High Risk label fits the return pattern: the 1-year figure is negative, while the 3-year and 5-year figures are positive and clearly better than the benchmark over those horizons.

The right horizon is medium to long term, because the recent weakness shows that shorter holding periods can be uncomfortable. The main trade-off is that a consumption-focused equity fund can lag in difficult stretches, but it may still reward patience when its longer-term portfolio positioning works through market cycles.

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 30D, Nil after 30D.

Source data date: as of 08 Sep 2026

Frequently asked questions

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

The current NAV is ₹237.13 as of 08 Sep 2026.

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

The fund’s 1-year return is -6.51%, the 3-year return is 8.98% and the 5-year return is 9.88%.

How has the fund done versus the benchmark?

It has outpaced the benchmark over 3 years and 5 years, while the 1-year return is slightly weaker than the benchmark’s. The recent 1-month drop was also slightly smaller than the benchmark’s decline.

How does it compare with the peer funds listed here?

The listed peers show much stronger 1-year numbers, but most do not show 3-year or 5-year figures. The current fund’s longer-term returns are available and remain positive, which gives the comparison a different time-horizon angle.

Is there a minimum SIP amount?

Yes. The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?

The fund is managed by Chanchal Khandelwal. The exit load is 1% on or before 30D and nil after 30D.

Bottom line

Aditya Birla SL Consumption Fund Direct Growth Plan looks uneven in the near term but more constructive over longer holding periods. The recent 1-year weakness contrasts with positive 3-year and 5-year returns that stand ahead of the benchmark, while the peer snapshot shows that the short-term comparison is much tougher than the longer-term one. With High Risk and a portfolio led by a modestly sized top holding rather than extreme concentration, it is better aligned with patient investors than with short-horizon capital preservation.

Published on 9 September 2026 at 4:06 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.