Aditya Birla SL CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund Direct Growth Plan has a NAV of ₹11.433 as of 11 Sep 2026 and a scheme AUM of ₹10 Cr. Its 1-year, 3-year and 5-year returns are 6.44%, 0% and 0%, and it carries a Balanced Risk label.

Our view is that this is a short-duration, debt-oriented index fund built around AAA-rated financial services paper, so the return profile is likely to look steadier than equity funds but still tied to interest-rate and credit-spread conditions. The small AUM and the portfolio’s concentration in a limited set of bonds matter for investors who want defined maturity-style exposure rather than broad market growth.

Quick facts

Particular	Details
NAV	₹11.433 as of 11 Sep 2026
AUM	₹10 Cr
Expense Ratio	0.14%
Launch Date	13 Nov 2024
Min SIP	₹1,000
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Harshil Suvarnkar, Vighnesh Gupta

The fund is managed by Harshil Suvarnkar and Vighnesh Gupta.

Source data date: as of 11 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.44%	-3.66%
3M	1.82%	-1.91%
1Y	6.44%	-7.62%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent behaviour has been constructive. Over 1 month and 3 months, the fund stayed positive while the benchmark was still negative, which points to a better short-term holding experience than the broad equity market proxy used here.

The 1-year figure of 6.44% is also meaningfully better than the benchmark’s -7.62%. That gap matters more than the level alone, because it shows the fund held up while the benchmark was under pressure.

The daily pattern behind that 1-year outcome looks uneven rather than linear, with periods of softness followed by recovery. For an index-style debt fund, that is normal enough, but it still tells us the path is not flat and investors can see modest mark-to-market movement.

Longer history is limited, so we would avoid reading too much into the unavailable 3-year and 5-year figures. The most useful takeaway is that the recent 1-year trend is stronger than the benchmark, but the fund is still early in its life as a 2024 launch.

Source data date: as of 11 Sep 2026

Should you BUY or HOLD Aditya Birla SL CRISIL-IBX AAA Financial Services Index-Sep 2027?

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 AAA Financial Services Index-Sep 2027 Fund Direct Growth Plan	6.44%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	32.61%	29.92%	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	26.23%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	26.22%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	26.18%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	25.91%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year return, the fund sits well below the equity-oriented peers listed here, which is expected given its debt-linked mandate and much lower volatility profile. The key distinction is that the peer set shows very strong equity-style gains over 1 year, while this fund’s role is more about income-oriented stability than chasing those moves.

Because 3-year and 5-year peer figures are unavailable for most of the table, the longer-horizon comparison is less informative than the 1-year picture. Even so, the current fund’s limited track record and modest return profile suggest a very different objective from the growth-heavy peers, rather than a weaker version of the same strategy.

Source data date: as of 11 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
8.33% Aditya Birla Capital Ltd. (19/05/2027)	Corporate Debt	9.88%
8.04% Tata Capital Housing Finance Ltd. (19/03/2027) **	Corporate Debt	9.86%
8.10% Bajaj Housing Finance Ltd. (08/07/2027)	Corporate Debt	9.86%
8.12% Bajaj Finance Ltd. (10/09/2027)	Corporate Debt	9.86%
7.56% REC Ltd. (31/08/2027) **	Corporate Debt	9.85%
7.55% Power Finance Corporation Ltd. (15/04/2027) **	Corporate Debt	9.84%
7.29% Kotak Mahindra Investments Ltd. (20/07/2027) **	Corporate Debt	9.78%
6.90% LIC Housing Finance Ltd. (17/09/2027) **	Corporate Debt	9.76%
8.34% HDB Financial Services Ltd. (05/07/2027) **	Corporate Debt	4.94%
7.90% Mahindra & Mahindra Financial Services Ltd. (30/08/2027) **	Corporate Debt	4.92%

The largest holding is 8.33% Aditya Birla Capital Ltd. (19/05/2027), and the next several positions are clustered tightly around the 9.8% to 9.9% mark. That tells us the portfolio is not dominated by one outsized line item, but by a group of similar-sized debt exposures.

Weight then steps down to 4.94% and 4.92% in the ninth and tenth holdings. That drop is not dramatic, yet it is enough to show that the table is built around a core basket with a smaller second tier underneath it.

The top 10 holdings account for approximately 88.55% of the portfolio, and there are 14 disclosed holdings in total. In our view, that means the fund may be fairly concentrated in a limited tail of positions, so individual issuers could have greater influence than in a more widely spread debt portfolio.

To see all holdings, visit the Aditya Birla SL CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund Direct Growth Plan page

Source data date: as of 11 Sep 2026

Who should invest

This fund fits investors who are comfortable with a balanced-risk debt profile and want exposure that is more measured than equity-oriented alternatives. The return pattern suggests a stable, income-style holding may be more appropriate than a satellite growth allocation, especially because the benchmark comparison has been favorable only over the recent periods shown.

The better fit is likely someone with a medium-term horizon who can tolerate modest price variation in exchange for AAA financial-services credit exposure. The main trade-off is that the fund may offer steadier behaviour than equity peers, but it is not built to deliver the kind of upside those peers have shown over 1 year.

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 11 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund Direct Growth Plan?
The NAV is ₹11.433 as of 11 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.44%. The 3-year and 5-year returns are Data not available in the current track record.

How has the fund done versus its benchmark?
Over 1 month, 3 months and 1 year, the fund has stayed ahead of the benchmark figures shown here. That makes the recent trend better than the benchmark’s short-term and 1-year path.

How does the fund compare with the peer funds listed here?
On 1-year return, it is well below the equity-style peer funds shown in the comparison table. The difference mainly reflects the fund’s debt-oriented role rather than a simple performance gap.

What is the minimum SIP amount?
The minimum SIP is ₹1,000.

Who manages the fund and what is the exit load?
The fund is managed by Harshil Suvarnkar and Vighnesh Gupta. The exit load is nil, so there is no exit-load charge on redemption.

Bottom line

This fund’s recent return pattern is steadier than the benchmark and clearly more conservative than the equity-style peers in the comparison set. Its short history limits long-run conclusions, but the current profile points to a debt-oriented strategy with AAA financial-services exposure and a fairly concentrated basket of holdings. For investors who want measured risk and can accept a more modest return path, it may be a reasonable fit within a broader fixed-income allocation.

Published on 15 September 2026 at 4:15 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.