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

Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan has a NAV of ₹11.5236 as of 11 Sep 2026 and a scheme AUM of ₹79 Cr. Its 1-year, 3-year and 5-year returns are 6.85%, 0% and 0%, and the risk category is Balanced Risk. Our view is that the fund suits investors who want a short-duration, credit-oriented index exposure with relatively steady recent movement, but who are comfortable with a return profile that is still early in its history.

The fund’s recent return has been modest, while the longer horizon figures remain limited because the scheme was launched on 08 Oct 2024. The portfolio is highly concentrated in near-maturity debt and money-market-style positions, so the outcome is likely to depend more on carry and cash management than on broad market swings.

Quick facts

Particular	Details
NAV	₹11.5236 as of 11 Sep 2026
AUM	₹79 Cr
Expense Ratio	0.15%
Launch Date	08 Oct 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	0.42%	-3.66%
3M	1.61%	-1.91%
1Y	6.85%	-7.62%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term pattern has been steadier on the fund side than on the benchmark side. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which points to better defensive behaviour in the recent stretch.

The 1-year picture is also more supportive for the fund. The fund’s 6.85% return compares with a negative benchmark reading over the same period, so the scheme has clearly held up better than the broad reference index across the past year.

Longer-term interpretation needs restraint because the scheme itself is young. The 3-year and 5-year fields are not available in a meaningful way for this fund, so we cannot build a full long-cycle comparison. Even so, the recent data suggest that the fund has been doing what a short-dated AAA credit index style product is expected to do: keep fluctuations contained rather than chase large market-style gains.

Source data date: as of 11 Sep 2026

Should you BUY or HOLD Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026?

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.

Already holding Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan	6.85%	0%	0%
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

On the available 1-year figures, this fund trails the stronger peer numbers by a wide margin, but the comparison is not like-for-like because the peers listed here are from very different themes and risk profiles. The fund’s own 1-year return is still positive, which places it in a more defensive lane than the high-growth peer set.

There is no meaningful 3-year or 5-year comparison advantage for the current fund, because the peer list with long-horizon figures is led by a growth-oriented index fund and the rest do not have usable long-horizon data here. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Source data date: as of 11 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	28.27%
7.98% Sundaram Home Finance Ltd. (04/09/2026) **	Corporate Debt	15.63%
7.84% Tata Capital Housing Finance Ltd. (18/09/2026) **	Corporate Debt	12.51%
Bajaj Finance Ltd. (25/09/2026) **	Commercial Paper	12.45%
Aditya Birla Capital Ltd. (25/09/2026) **	Commercial Paper	11.21%
SMFG India Credit Company Ltd. (25/09/2026) **	Commercial Paper	8.72%
7.98% Bajaj Housing Finance Ltd. (09/09/2026) **	Corporate Debt	8.13%
Net Receivable / Payable	Cash & Cash Equivalents and Net Assets	2.33%
Axis Finance Ltd. (18/09/2026) **	Commercial Paper	0.62%

The largest position is TREPS at 28.27%, so a meaningful part of the portfolio may be parked in very short-term cash-style exposure. That can help keep day-to-day movement contained, but it also means the fund is not built around a single high-conviction security bet.

Weights then step down fairly quickly from the top position into a cluster of corporate debt and commercial paper holdings between 15.63% and 0.62%. That spread suggests a short-dated, high-quality credit structure where several names may contribute to returns rather than one or two dominating the outcome.

The top disclosed holdings add up to 99.87% across 9 disclosed rows, so the visible portfolio is very concentrated and leaves little room for a long tail in the disclosed slice. In our view, that concentration may make the fund more sensitive to near-term cash deployment and maturity management than to broad diversification effects.

Source data date: as of 11 Sep 2026

Who should invest

This fund may suit investors who are comfortable with Balanced Risk and prefer a short-duration, credit-heavy index strategy over an equity-style return chase. The recent 1-year gain is positive, but the scheme is still young, so investors need a horizon long enough to let the portfolio’s credit carry and maturity profile work through market cycles.

The main trade-off is that the fund appears built for stability and disciplined exposure rather than standout upside. Investors who want a relatively contained portfolio with short-term debt and cash holdings may find that appealing, while those seeking a stronger long-term growth pattern may want to look elsewhere.

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 NBFC-HFC Index-Sep 2026 Fund Direct Growth Plan?

The current NAV is ₹11.5236 as of 11 Sep 2026.

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

The fund’s 1-year return is 6.85%, while the 3-year and 5-year returns are not available in a meaningful way for this scheme.

How does the fund compare with its benchmark?

It has done better than the benchmark over 1 month, 3 months and 1 year. The benchmark figures are negative over those same periods, while the fund stayed positive.

How does the fund compare with the peer funds listed here?

Its 1-year return is lower than the stronger return figures shown for the peer funds listed here, but those peers are from different themes and risk profiles. The current fund still shows a steadier, more defensive return pattern.

What is the minimum SIP amount?

The minimum SIP amount is ₹1000.

What is the fund’s risk category and exit load?

The risk category is Balanced Risk. The fund has no exit load.

Bottom line

This fund’s recent return profile is steadier than the benchmark, but the longer-horizon picture is limited by its young vintage. The peer comparison also shows that it does not match the headline 1-year figures seen in the more growth-oriented peer set, though the comparison is not directly like-for-like. With Balanced Risk, a concentrated short-dated credit mix and no exit load, it looks more suited to investors who value stability and predictable portfolio structure over aggressive upside.

Published on 15 September 2026 at 3:14 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.