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

Aditya Birla SL Dividend Yield Fund Direct Growth Plan has a current NAV of ₹505.99 as of 02 Sep 2026 and scheme AUM of ₹1,458 Cr. Its 1-year, 3-year and 5-year returns are 5.56%, 13.73% and 14.02%, and the fund is tagged High Risk. Our view is that it fits investors who want a dividend-yield strategy with a reasonably steady long-term record, but who are comfortable with equity-style fluctuations in the near term.

The fund has outpaced the benchmark over 3-year and 5-year periods, while the 1-year outcome is more modest. That mix suggests a fund with better longer-horizon compounding than its benchmark, but with enough short-term movement that it is better suited to patient investors than to those looking for a smooth one-year path.

Quick facts

Particular	Details
NAV	₹505.99 as of 02 Sep 2026
AUM	₹1,458 Cr
Expense Ratio	1.42%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Pavas Pethia

The fund is managed by Pavas Pethia.

Source data date: as of 02 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.27%	-3.01%
3M	2.34%	1.95%
1Y	5.56%	-4.4%
3Y	13.73%	5.74%
5Y	14.02%	6.27%

The short-term picture is mixed, but not weak. Over one month, the fund slipped less than the benchmark, and over three months it moved a little ahead. That tells us recent behaviour has been uneven, yet still broadly resilient relative to the index.

The more important point is the medium-term pattern. The 3-year and 5-year returns are well above the benchmark, which indicates that the fund has compounded more effectively over a full market cycle than the index used here. That is useful for investors who care more about consistency of compounding than about whether every short stretch looks smooth.

The one-year return is positive while the benchmark is negative, so the fund has also held up better over the latest annual window. Even so, the gap between one-year and longer-horizon results shows that the fund has not moved in a straight line. Our reading is that the fund has had phases of pullback and recovery, but the longer trend still looks constructive versus the benchmark.

Source data date: as of 02 Sep 2026

Should you BUY or HOLD Aditya Birla SL Dividend Yield?

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
Tata Dividend Yield Fund Direct Growth Plan	13.96%	15.61%	14.28%
LIC MF Dividend Yield Fund Direct Growth Plan	9.82%	19.89%	15.93%
SBI Dividend Yield Fund Direct Growth Plan	6.06%	12.48%	Data not available
Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan	5.57%	Data not available	Data not available
Aditya Birla SL Dividend Yield Fund Direct Growth Plan	5.56%	13.73%	14.02%

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

The fund’s 1-year return trails some of the stronger peer figures in this set, but it still sits above the weaker recent outcomes among the comparable funds shown here. On the longer view, its 3-year and 5-year numbers are respectable, although a couple of peers have delivered stronger compounding over the same spans.

That creates a split picture: the fund does not stand out on the most recent one-year window, yet it has built a credible longer-term record. For investors comparing dividend-yield equity options, the key question is whether they value steadier medium-term compounding more than chasing the strongest recent peer numbers.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Britannia Industries Ltd.	FMCG	5.78%
State Bank of India	Bank	4.73%
ICICI Bank Ltd.	Bank	4.53%
Shriram Finance Ltd.	Finance	3.98%
Microsoft Corporation	Overseas Equities	3.34%
Bharat Petroleum Corporation Ltd.	Crude Oil	3.07%
LTM Ltd.	IT	2.99%
Eternal Ltd.	Retailing	2.9%
Adani Energy Solutions Ltd.	Power	2.57%
Sagility Ltd.	Business Services	2.54%

The largest holding, Britannia Industries Ltd., carries a 5.78% weight, so no single position dominates the disclosed list. The drop from the first holding to the tenth is fairly gradual, moving from 5.78% to 2.54%, which suggests that influence is spread across several names rather than sitting in one outsized position.

The top 10 holdings account for approximately 36.43% of the portfolio, and the fund has 51 disclosed holdings in total. That combination points to a portfolio that is not narrowly concentrated at the top, even though the largest positions can still matter meaningfully in any given period.

Because the fund also holds overseas equities alongside banks, FMCG, finance, power and other sectors, the visible mix may support diversification across different earnings drivers. At the same time, the listed weights show that the portfolio still relies on a relatively small set of larger positions for a meaningful share of exposure.

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

Source data date: as of 02 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and who are prepared to stay invested for a longer period. The 1-year return is positive but much less striking than the 3-year and 5-year figures, so the fund may be more suitable for people who can sit through uneven short-term stretches in exchange for a stronger longer-run record.

The benchmark comparison also matters here: the fund has done better than the index over 3 years and 5 years, but the path has not been smooth. Investors who want a dividend-yield equity fund with a multi-year horizon may find the trade-off acceptable, while those who need stability over short windows may prefer a calmer profile.

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% if units are sold on or before 90 days; nil after 90 days.

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Dividend Yield Fund Direct Growth Plan?
The current NAV is ₹505.99 as of 02 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 5.56%, the 3-year return is 13.73% and the 5-year return is 14.02%.

How has the fund done versus the benchmark?
It has outpaced the benchmark over 3 years and 5 years, while the benchmark remains ahead over the latest one-month window. The 1-year return is also stronger than the benchmark’s negative one-year reading.

How does it compare with other dividend-yield funds on recent returns?
Its recent 1-year return is below Tata Dividend Yield Fund Direct Growth Plan and LIC MF Dividend Yield Fund Direct Growth Plan, but above SBI Dividend Yield Fund Direct Growth Plan and Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan. The longer-term comparison is more balanced, with the fund still showing solid 3-year and 5-year outcomes.

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 Pavas Pethia. The exit load is 1% if units are sold on or before 90 days, and nil after 90 days.

Bottom line

Aditya Birla SL Dividend Yield Fund Direct Growth Plan shows a clearer long-term story than a short-term one. Its recent return pattern is mixed, but the 3-year and 5-year numbers remain ahead of the benchmark and compare reasonably well with several peer funds. The portfolio is spread across 51 holdings, with no single position overwhelming the disclosed top holdings. That profile may appeal to investors who want an equity dividend-yield fund with patience for volatility and a multi-year holding period.

Published on 4 September 2026 at 12:45 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.