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

Aditya Birla SL Dynamic Term Fund Direct Growth Plan has a NAV of ₹52.9718 as of 03 Sep 2026 and a scheme AUM of ₹1,440 Cr. Its 1-year, 3-year and 5-year returns are 6.31%, 7.72% and 7.28%, and the risk category is Medium Risk.

Our view is that the fund suits investors who want debt exposure with measured return stability rather than sharp short-term moves. The return pattern has stayed positive over longer periods, while the portfolio mixes government securities and corporate debt, which helps explain the steadier profile.

Quick facts

Particular	Details
NAV	₹52.9718 as of 03 Sep 2026
AUM	₹1,440 Cr
Expense Ratio	0.64%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	Nil upto 15% of units,0.50% in excess of limit on or before 90D and Nil after 90D
Fund Managers	Mohit Sharma, Bhupesh Bameta

The fund is managed by Mohit Sharma and Bhupesh Bameta.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.26%	-3.01%
3M	2.53%	1.95%
1Y	6.31%	-4.4%
3Y	7.72%	5.74%
5Y	7.28%	6.27%

The recent one-month and three-month figures point to a fund that has stayed constructive even when the benchmark was uneven. The one-month return is modestly positive, and the three-month return is also ahead of the benchmark, which suggests the fund has not relied on a single burst of short-term momentum.

Over longer periods, the picture is more balanced but still favourable. The 1-year return is clearly better than the benchmark, while the 3-year and 5-year returns remain above the index. That tells us the fund has combined steady compounding with enough resilience to stay ahead of the benchmark across all the key review windows used here.

The monthly movement pattern also looks more stable than abrupt. There were periods of pause and mild softness, but the longer trend did not break down. For a debt fund, that kind of path matters because it suggests the return stream has been built more through consistency than through large swings.

What stands out most is that the recent numbers do not contradict the longer record. The fund has kept a positive trajectory in the shorter windows while also preserving a better multi-year outcome than the benchmark. That combination generally supports a steadier investor experience than a fund whose returns depend mainly on a single strong year.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Aditya Birla SL Dynamic Term?

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 Term Fund Direct Growth Plan	6.31%	7.72%	7.28%
Bandhan Dynamic Term Fund Direct Growth Plan	8.1%	7.62%	6.13%
Kotak Dynamic Term Fund Direct Growth Plan	7.39%	7.85%	6.65%
Axis Dynamic Term Fund Direct Growth Plan	7.01%	7.52%	6.31%
360 ONE Dynamic Term Fund Direct Growth Plan	6.79%	8.16%	6.9%

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

On the recent 1-year window, the fund trails Bandhan Dynamic Term Fund Direct Growth Plan, Kotak Dynamic Term Fund Direct Growth Plan, Axis Dynamic Term Fund Direct Growth Plan and 360 ONE Dynamic Term Fund Direct Growth Plan. That means the short-term peer picture is strong, but not the strongest in this set.

The longer view is more mixed. Its 3-year return is ahead of Bandhan, Axis and slightly behind Kotak and 360 ONE, while its 5-year return is better than Bandhan, Axis and 360 ONE but behind Kotak. So the fund does not tell the same story across all horizons: the shorter window is softer, while the 5-year record looks more durable relative to several peers.

For us, that split matters. It suggests this fund has been more consistent than explosive, and that the longer compounding record remains an important part of the case for it when compared with peers that have stronger recent momentum but weaker five-year placement.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Government of India (15/04/2065)	Government Securities	15.31%
9.10% Cholamandalam Investment & Finance Co. Ltd. (27/06/2031) **	Corporate Debt	5.61%
9.25% Hinduja Leyland Finance Ltd. (09/07/2031) **	Corporate Debt	5.53%
7.27% Power Finance Corporation Ltd. (15/10/2031) **	Corporate Debt	5.2%
Jubilant Bevco Ltd. (31/05/2028) (ZCB) **	Corporate Debt	4.63%
5.00% GMR Airports Ltd. (13/02/2027)	Corporate Debt	4.24%
9.90% Oxyzo Financial Services Pvt. Ltd. (13/03/2029) **	Corporate Debt	4.12%
Government of India (18/05/2066)	Government Securities	3.89%
State Government Securities (20/07/2035)	Government Securities	3.62%
8.25% Bajaj Housing Finance Ltd. (27/05/2031) **	Corporate Debt	3.54%

The largest holding is Government of India (15/04/2065) at 15.31%, which is materially bigger than any other single position in the list. After that, weights step down fairly quickly into the mid-5% range, then cluster around 4% to 3.5% for the rest of the top ten.

That pattern suggests the fund may be meaningfully influenced by a few core positions rather than one isolated holding. The gap from the first holding to the tenth is wide enough to show a clear hierarchy, but the rest of the portfolio is not concentrated into just one or two bets; it is spread across government securities and corporate debt across 30 disclosed holdings.

The top ten disclosed holdings account for approximately 55.69% of the portfolio. That leaves a substantial longer tail beyond the largest names, so the disclosed structure looks diversified at the holding level even though the leading positions still could have greater influence on day-to-day movement.

To see all holdings, visit the Aditya Birla SL Dynamic Term Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund may suit investors who can accept Medium Risk and want a debt allocation with a steadier return profile rather than rapid upside. The 1-year, 3-year and 5-year numbers all sit above the benchmark, which makes it more appealing for investors who value consistency over chasing aggressive short-term swings.

A medium- to longer-term horizon fits it better because the 3-year and 5-year records are more informative than the shortest window. The main trade-off is that the fund has done enough to stay competitive, but not enough to promise large jumps in return; in exchange, the portfolio is built around a mix of government securities and corporate debt that may support a more balanced path.

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

Nil up to 15% of units, 0.50% in excess of the limit on or before 90D and nil after 90D.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Dynamic Term Fund Direct Growth Plan?

The current NAV is ₹52.9718 as of 03 Sep 2026.

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

The 1-year return is 6.31%, the 3-year return is 7.72% and the 5-year return is 7.28%.

How does the fund compare with the benchmark?

It is ahead of the benchmark across the 1-year, 3-year and 5-year windows shown here. The benchmark return is -4.4% over 1 year, 5.74% over 3 years and 6.27% over 5 years.

How does it compare with peer funds on available return data?

Its 1-year return is below the stronger recent figures in the peer set, but its 3-year and 5-year returns remain competitive. The longer record compares more evenly, especially against peers whose shorter-term numbers have been stronger than their multi-year profile.

Is there a minimum SIP amount?

The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?

The fund is managed by Mohit Sharma and Bhupesh Bameta. The exit load is nil up to 15% of units, 0.50% in excess of the limit on or before 90D and nil after 90D.

Bottom line

Aditya Birla SL Dynamic Term Fund Direct Growth Plan looks steadier over longer horizons than in the most recent year, and that broader record remains useful when weighing it against peers. Its Medium Risk profile, benchmark-beating returns across the key periods and mix of government securities with corporate debt point to a fund that is built for measured compounding rather than fast gains. For investors who want a debt fund with a clear holding structure and a longer-run return history that has held up reasonably well, it may deserve attention.

Published on 4 September 2026 at 12:46 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.