Aditya Birla SL Dynamic Asset Allocation Omni FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Dynamic Asset Allocation Omni FOF Direct Growth Plan has a NAV of ₹61.4177 as of 16 Sep 2026 and an AUM of ₹246 Cr. Its 1-year, 3-year and 5-year returns are 3.51%, 12% and 11.19%, and the fund sits in the High Risk category.

Our view is that this is a fund for investors who can handle meaningful swings and want a diversified fund-of-funds structure rather than a narrow single-theme exposure. The five-year track record is steadier than the latest one-year reading, and the portfolio is built around other mutual funds, which can help spread exposure across styles and segments.

Quick facts

Particular	Details
NAV	₹61.4177 as of 16 Sep 2026
AUM	₹246 Cr
Expense Ratio	0.29%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	1% on or before 365D, Nil after 365D
Fund Managers	Kartikeya Singh

The fund is managed by Kartikeya Singh.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.54%	-3.66%
3M	0.5%	-3.71%
1Y	3.51%	-7.13%
3Y	12%	5.82%
5Y	11.19%	5.72%

The latest one-month and three-month readings show a fund that has held up better than the benchmark, even though both periods have been uneven. The one-month figure is still negative, but the loss is smaller than the benchmark’s, while the three-month period turns slightly positive for the fund against a weaker benchmark backdrop.

The longer trend is more constructive. The three-year return of 12% and the five-year return of 11.19% both sit above the benchmark’s 5.82% and 5.72%, which tells us the fund has added value over fuller market cycles rather than only in short bursts. That matters for a fund that can move between equity and debt-style exposures through underlying schemes.

The 1-year return at 3.51% is still positive, but it is much softer than the three-year and five-year numbers. Our read is that the recent year has been more restrained than the longer record, so investors should not judge this fund only by the latest 12-month stretch. The broader compounding pattern looks better than the near-term patch.

Viewed against the benchmark across all five periods, the fund is ahead over 3Y and 5Y, and it has also been less weak over the last 1M and 3M. That combination suggests a profile that may suit investors who are willing to accept short-term variation in exchange for a more balanced long-run record.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Aditya Birla SL Dynamic Asset Allocation Omni FOF?

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 Dynamic Asset Allocation Omni FOF Direct Growth Plan	3.51%	12%	11.19%
SBI Silver ETF FOF Direct Growth Plan	76.71%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	75.91%	45.12%	Data not available
Axis Silver FoF Direct Growth Plan	74.42%	45.18%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	73.46%	Data not available	Data not available
Nippon India Silver ETF FOF Direct Growth Plan	72.65%	43.94%	Data not available

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

Against the five peer funds listed here, this fund’s 1-year return is far lower, because the peers in this group are driven by silver-linked structures and have shown very strong short-term gains. That comparison does not weaken the fund’s longer record, though, because its 3-year return of 12% and 5-year return of 11.19% are more relevant for an allocation built to smooth changes across market conditions.

Where the comparison becomes more useful is in the longer windows that are available. On 3Y, the fund trails the stronger silver-linked figures shown by Kotak Silver ETF FoF Direct Growth Plan, Axis Silver FoF Direct Growth Plan and Nippon India Silver ETF FOF Direct Growth Plan, but those peer numbers reflect a very different return pattern. On 5Y, only this fund in the table has a usable figure, so the longer-term view here is more about consistency than direct one-to-one comparison. The short-term and long-term pictures are therefore telling different stories.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Nippon India Growth Mid Cap Fund – Direct Plan Growth Plan – Growth Option	Domestic Mutual Funds Units	14.48%
Aditya Birla Sun Life Flexi Cap Fund – Growth – Direct Plan	Domestic Mutual Funds Units	14.06%
DSP Small Cap Fund – Direct Plan – Growth	Domestic Mutual Funds Units	14.06%
Kotak Multicap Fund-Direct Plan-Growth	Domestic Mutual Funds Units	12.42%
Aditya Birla Sun Life Short Term Fund – Direct Plan – Growth	Domestic Mutual Funds Units	11.85%
HDFC Corporate Bond Fund – Growth Option – Direct Plan	Domestic Mutual Funds Units	11.4%
ICICI Prudential Large Cap Fund (Erstwhile Bluechip Fund) – Direct Plan – Growth	Domestic Mutual Funds Units	8.79%
Aditya Birla Sun Life Large Cap Fund – Growth – Direct Plan	Domestic Mutual Funds Units	4.34%
Aditya Birla Sun Life Banking and Financial Services Fund – Direct Plan – Growth	Domestic Mutual Funds Units	3.78%
Aditya Birla Sun Life Pharma & Healthcare Fund – Direct Plan – Growth	Domestic Mutual Funds Units	3.67%

The top 10 holdings account for approximately 98.85% of the portfolio.

To see all holdings, visit the Aditya Birla SL Dynamic Asset Allocation Omni FOF Direct Growth Plan page

The largest holding is Nippon India Growth Mid Cap Fund – Direct Plan Growth Plan – Growth Option at 14.48%, with the next two positions close behind at 14.06% each. That tells us the fund is not relying on a single outsized sleeve, even though the top position still has the most influence.

Weight then steps down through 12.42%, 11.85% and 11.4% before moving to 8.79% and a smaller cluster below 5%. The drop from the top of the list to the tenth holding is noticeable, but not abrupt, which suggests a layered structure rather than a sharply top-heavy one.

At 98.85% across the disclosed 10 holdings, the displayed book is highly concentrated in a handful of underlying mutual funds, and the total disclosed holding count of 11 indicates only a small tail beyond what is shown here. That may mean each major sleeve can have a clear effect on returns, while still leaving room for diversification across equity and debt-oriented underlying funds.

Source data date: as of 16 Sep 2026

Who should invest

This fund may suit investors who can tolerate a High Risk profile and want exposure to a fund-of-funds structure that can shift across underlying schemes. The 3-year and 5-year returns are better than the benchmark, while the 1-year result is much softer, so the path can be uneven even when the longer record is healthier.

We think the better fit is a medium-to-long horizon investor who can stay patient through weaker patches and values diversification across underlying funds. The main trade-off is simple: you may accept short-term inconsistency in exchange for a more balanced long-term pattern and a portfolio that is not tied to just one style or market segment.

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 applies at 1% if units are sold on or before 365 days. No exit load applies after that holding period.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Dynamic Asset Allocation Omni FOF Direct Growth Plan?

The current NAV is ₹61.4177 as of 16 Sep 2026.

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

The fund’s returns are 3.51% over 1 year, 12% over 3 years and 11.19% over 5 years.

How has it done against the benchmark?

It has beaten the benchmark over 3 years and 5 years, while the latest 1-month and 3-month readings are also less weak than the benchmark. The 1-year return is positive, but the benchmark has been negative over that same period.

How does it compare with the peer funds shown here?

The fund trails the peer group on the 1-year reading shown here, because those peers are silver-linked and have very strong short-term numbers. Its longer-term profile is different, and the 3-year and 5-year figures make it more useful for a steadier allocation discussion.

What is the minimum SIP?

The minimum SIP is ₹500.

Who manages the fund and what is the exit load?

The fund is managed by Kartikeya Singh. Exit load is 1% if units are sold on or before 365 days, and there is no exit load after that.

Bottom line

This fund’s recent 1-year result is softer than its 3-year and 5-year record, but the longer trend still looks better than the benchmark. In the peer table, the short-term return is much lower than the silver-linked comparison set, while the longer-term figures are more relevant for judging this fund on its own terms. The risk profile is High Risk, and the portfolio is built almost entirely from underlying mutual fund holdings, which may help diversify style exposure but also keeps the result tied to how those sleeves behave.

Published on 18 September 2026 at 3:35 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.