Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Plan is priced at ₹13.0136 as of 18 Sep 2026, and its scheme AUM stands at ₹149 Cr. Its 1-year, 3-year and 5-year returns are 5.11%, 7.13% and 0% respectively, and the fund sits in the Medium Risk category.

Our view is that this is a relatively narrow, debt-oriented index fund for investors who want exposure to the state-government securities segment through a low-cost structure and can tolerate moderate fluctuations. The current return pattern is steadier over 3 years than over 1 year, while the portfolio is heavily concentrated in government securities.

Quick facts

Particular	Details
NAV	₹13.0136 as of 18 Sep 2026
AUM	₹149 Cr
Expense Ratio	0.22%
Launch Date	14 Feb 2023
Min SIP	₹500
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Bhupesh Bameta, Mohit Sharma

The fund is managed by Bhupesh Bameta and Mohit Sharma.

Source data date: as of 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.62%	-3.73%
3M	0.61%	-3.14%
1Y	5.11%	-5.31%
3Y	7.13%	6.30%
5Y	Data not available	Data not available

The most recent numbers show a better short-term profile than the benchmark. Over 1 month and 3 months, the fund stayed close to flat to slightly positive while the benchmark remained negative, which suggests the strategy held up better in a choppy environment.

The 1-year return is also meaningfully ahead of the benchmark, but the gap narrows over 3 years, where the fund still leads by a smaller margin. That tells us the fund has not relied on a single strong burst of performance; instead, the longer pattern shows a measured recovery with modest compounding rather than sharp swings.

The time pattern matters here. The fund’s movement through the year has been uneven, yet it has not shown the same weakness as the benchmark in the recent periods. For investors, that usually points to a debt-style return path that can cushion some downside, but it also means gains are likely to remain gradual rather than fast.

Because the 5-year figure is not available, we would avoid treating the current record as a full-cycle performance history. The visible 3-year trend is constructive, though, and it is stronger than the benchmark in the same period.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD Aditya Birla SL CRISIL IBX SDL Jun 2032 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 SDL Jun 2032 Index Fund Direct Growth Plan	5.11%	7.13%	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	31.60%	30.84%	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.71%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.44%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	21.24%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	18.45%	19.90%	Data not available

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

Against the peer set, the fund’s 1-year return is clearly below the stronger equity-oriented peers listed here. Its 3-year return is also modest next to the higher-growth names, though it remains positive and more stable than several peers that have no 3-year figure available.

The comparison tells two different stories. On the one hand, the fund has not matched the headline recent returns of the equity index funds in the list. On the other hand, its own profile is more consistent with a debt index strategy, so the steadier 3-year result may matter more than a direct comparison with higher-volatility peers.

In short, the peer table suggests a more subdued return profile, but not an erratic one. That combination can suit investors who value smoother movement over chasing the largest short-term return.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
State Government Securities (14/06/2032)	Government Securities	18.52%
State Government Securities (01/03/2032)	Government Securities	16.97%
State Government Securities (06/04/2032)	Government Securities	16.91%
Government of India (17/01/2032)	Government Securities	14.96%
State Government Securities (02/03/2032)	Government Securities	13.24%
State Government Securities (22/05/2032)	Government Securities	6.67%
State Government Securities (29/03/2032)	Government Securities	3.93%
TREPS	Cash & Cash Equivalents and Net Assets	3.25%
Net Receivable / Payable	Cash & Cash Equivalents and Net Assets	2.41%
State Government Securities (15/02/2031)	Government Securities	2.38%

The largest holding is 18.52%, which is a sizeable single exposure for a debt index fund and may have a noticeable influence on returns and interest-rate sensitivity. The tenth holding is 2.38%, so the visible weights fall away sharply from the top position to the lower end of the table.

The top 10 holdings account for approximately 99.24% of the portfolio, and the disclosed holdings count is 11. That points to a portfolio that is heavily concentrated in a small number of government securities rather than spread evenly across many smaller positions.

That concentration does not automatically make the fund aggressive, but it does mean a handful of state securities may drive most of the portfolio behaviour. For investors, the key takeaway is that the structure is very focused, with limited diversification across individual holdings even though the underlying asset class remains fixed income.

To see all holdings, visit the Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Plan page

Source data date: as of 18 Sep 2026

Who should invest

This fund suits investors who can accept Medium Risk and want a debt-oriented index exposure rather than an equity-style growth profile. The return pattern suggests a steadier path over the last 3 years, while the 1-year outcome is weaker than several equity-oriented peers but still ahead of the benchmark.

The main trade-off is between stability and speed of gains. Investors with a medium-to-long horizon and a preference for relatively contained movement may find the structure easier to hold, but those looking for higher near-term upside may find the return profile too restrained.

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 18 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL CRISIL IBX SDL Jun 2032 Index Fund Direct Growth Plan?

The current NAV is ₹13.0136 as of 18 Sep 2026.

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

The fund’s 1-year return is 5.11% and its 3-year return is 7.13%. The 5-year return is Data not available.

How does the fund compare with its benchmark?

It has outperformed the benchmark in the 1-month, 3-month, 1-year and 3-year periods shown here. The benchmark return is negative over 1 month, 3 months and 1 year, while the fund remains positive in those periods.

How does it compare with the peer funds listed here?

Its recent returns are lower than the stronger equity-oriented peers in the comparison table. The fund’s own profile is steadier, so the gap is more a reflection of the different strategies than a simple quality issue.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?

The fund is managed by Bhupesh Bameta and Mohit Sharma. It has no exit load.

Bottom line

This fund’s recent performance is steadier than the benchmark and its 3-year return remains positive, but its longer-term record is still limited and the 5-year figure is not available. Compared with the peer list, the return profile is more subdued, which fits a debt-oriented strategy rather than a higher-growth equity style. The portfolio is highly concentrated in government securities, so a small number of holdings are likely to shape most of the movement. That makes the fund more suitable for investors who value fixed-income exposure with moderate risk and can accept gradual rather than fast gains.

Published on 21 September 2026 at 11:18 AM 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.