Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU - Apr 2027 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund Direct Growth Plan closed at ₹13.1472 as of 28 Aug 2026, with an AUM of ₹1,320 Cr. Its 1-year, 3-year and 5-year returns are 6.1594%, 7.3821% and 0%, respectively, and the risk category is Balanced Risk. Our view is that this is a relatively steady debt-oriented index strategy for investors who want defined maturity exposure and are comfortable with modest return potential rather than equity-style upside.

The fund’s structure and return pattern point to a measured profile: it has stayed ahead of its benchmark over the periods available, while the portfolio remains concentrated in government securities and corporate debt. That combination may appeal to investors looking for a time-bound fixed-income allocation, but it is still important to note that returns can move with interest-rate conditions and portfolio composition.

Quick facts

Metric	Details
NAV	₹13.1472
AUM	₹1,320 Cr
Expense Ratio	0.2%
Launch Date	29 Mar 2022
Min SIP	₹500
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Mohit Sharma

The fund is managed by Mohit Sharma.

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.44%	-0.85%
3M	1.71%	3.39%
1Y	6.16%	-2.29%
3Y	7.38%	6.4%
5Y	Data not available	Data not available

The short-term pattern has been mixed, but the fund still finished ahead of the benchmark in both the 1-month and 1-year windows. The 3-month window is less flattering because the benchmark moved more strongly over that span, even though the fund remained positive. That tells us the strategy has not moved in a straight line, which is normal for a portfolio linked to debt and interest-rate conditions.

Over a longer horizon, the picture is steadier. The 3-year return of 7.38% is only a little above the benchmark’s 6.4%, so the fund has shown an advantage, but not a large one. The available return path also suggests gradual compounding rather than sharp jumps, which fits a defined-maturity style portfolio more than an actively risk-seeking one.

What matters most is that the recent 1-year result is stronger than the benchmark by a wide margin, while the 3-year lead is modest. That mix suggests the fund has handled the latest stretch better than the benchmark, but the longer comparison still points to a controlled return profile instead of a high-octane one.

For investors, that means the fund may be more useful as a measured income-oriented allocation than as a return-chasing instrument. Its benchmark-beating periods are encouraging, but the overall return pattern remains in line with a relatively conservative fixed-income approach.

Source data date: as of 28 Aug 2026

Should you BUY or HOLD Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index?

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 CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund Direct Growth Plan	6.16%	7.38%	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	35.24%	31.25%	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	32.35%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	32.08%	Data not available	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	31.90%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	31.89%	Data not available	Data not available

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

The current fund’s 1-year return is far below the peer names that are built around equity and thematic exposure, which is expected given the very different portfolio style. Its 3-year return is also well below those higher-growth peers, but that gap does not automatically imply weakness; it reflects a different objective and risk profile.

Where this fund looks more comparable is in the nature of the journey rather than the headline numbers. The peer set’s available longer-horizon data is mostly limited, while this fund has already shown a consistent multi-year track record. So the short-term comparison favours the equity-linked peer funds on raw return, but the longer-term comparison is not especially meaningful without like-for-like risk objectives.

That is why the comparison tells two different stories: the peer group has much higher return numbers, while this fund offers a more controlled debt-oriented path with explicit maturity focus.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap bucket	Allocation
Large Cap	0%
Mid Cap	0%
Small Cap	0%
Other	100%

Sector	Weight	Top holdings
GOVERNMENT SECURITIES	59.18%	STATE GOVERNMENT SECURITIES (15/02/2027) — 15.5%; STATE GOVERNMENT SECURITIES (11/01/2027) — 6.77%
CORPORATE DEBT	37.63%	7.64% REC LIMITED (30/04/2027) ** — 5.08%; 7.58% NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (31/07/2026) — 4.01%
CASH & CASH EQUIVALENTS AND NET ASSETS	3.01%	NET RECEIVABLES / (PAYABLES) — 2.22%

The portfolio is fully outside the equity market-cap buckets, so it behaves more like a debt allocation than a stock fund. That makes the government-securities and corporate-debt mix the main driver of results, while the small cash component mainly supports day-to-day liquidity and portfolio management.

Government securities at 59.18% are clearly the largest block, and they are materially larger than corporate debt at 37.63%. That gap suggests sovereign-linked exposure is likely to have the stronger influence on how the fund behaves, especially when interest rates or bond yields move.

In practical terms, the fund’s performance may be shaped more by duration and fixed-income spread dynamics than by any equity-style sector rotation. The two largest holdings in government securities and the two listed corporate debt positions reinforce that this is a relatively focused debt portfolio rather than a broadly spread-out credit basket.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with a Balanced Risk profile and want a defined-maturity style debt allocation rather than equity-led growth. The 1-year result has been stronger than the benchmark, while the 3-year record shows only a modest edge, so the return profile is more measured than aggressive.

A longer investment horizon is more useful here than a short holding period, because the portfolio is built around government securities and corporate debt that tend to work best when held through their planned maturity window. The main trade-off is that the fund may offer steadier behaviour than higher-return peer funds, but it is also unlikely to match their upside.

This is therefore most relevant for investors who value visibility, controlled portfolio construction and a debt-oriented return path over rapid capital appreciation.

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: No exit load.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL CRISIL IBX 60:40 SDL + AAA PSU – Apr 2027 Index Fund Direct Growth Plan?
Its NAV is ₹13.1472 as of 28 Aug 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.16%, the 3-year return is 7.38%, and the 5-year return is Data not available.

How has the fund compared with its benchmark?
It has been ahead of the benchmark over the 1-month, 1-year and 3-year periods shown here. The 3-month period is the exception, where the benchmark was stronger.

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

What is the risk category of this fund?
The fund falls under Balanced Risk. It also has a portfolio that is fully in debt and cash-style exposures rather than equity market-cap buckets.

Who manages the fund and is there an exit load?
The fund is managed by Mohit Sharma, and there is no exit load.

Bottom line

This fund’s recent numbers are steadier than its benchmark over the 1-month and 1-year windows, while the 3-year lead is more modest. Compared with the peer set, the raw return figures are much lower, but that reflects a very different debt-oriented structure rather than a like-for-like equity comparison. The Balanced Risk label, the government-securities-heavy mix and the absence of an exit load make it a relatively measured choice for investors who want fixed-income exposure with a defined maturity profile.

Published on 31 August 2026 at 3:29 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.