Aditya Birla SL Floating Interest Rates Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Updated: 31 Aug 2026 • 2:58 pm

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Aditya Birla SL Floating Interest Rates Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan currently has a NAV of ₹384.1691 as of 28 August 2026 and a scheme AUM of ₹13,215 Cr. Its 1-year, 3-year and 5-year returns are 6.1719%, 7.4559% and 6.7258%, and the fund carries a Balanced Risk classification.

Our view is that this is a debt fund that has delivered a steady, middle-of-the-road return profile rather than sharp swings. The portfolio is built mainly around corporate debt and certificates of deposit, with a meaningful allocation to government securities, so it may suit investors who want floating-rate debt exposure with a relatively diversified credit mix.

Table of Contents

Quick facts

Particular	Details
NAV	₹384.1691
AUM	₹13,215 Cr
Expense Ratio	0.24%
Launch Date	01 Jan 2013
Min SIP	₹1000
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load after holding period
Fund Managers	Kaustubh Gupta; Harshil Suvarnkar

The fund is managed by Kaustubh Gupta and Harshil Suvarnkar.

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.35%	-0.85%
3M	1.96%	3.39%
1Y	6.17%	-2.29%
3Y	7.46%	6.4%
5Y	6.73%	7.13%

The short-term picture is mixed. Over 1 month, the fund stayed positive while the benchmark was negative, which points to better resilience in the most recent stretch. Over 3 months, however, the benchmark recovered more strongly than the fund, so the fund did not lead every near-term window.

The 1-year return stands out because the fund was comfortably positive while the benchmark was negative. That suggests the portfolio has held up better than the benchmark over a full year, even though the same lead is not visible in every shorter period. For a debt fund, that kind of pattern usually matters more than isolated monthly moves.

The 3-year return remains solid at 7.46%, and the 5-year return at 6.73% shows a stable compounding path over time. Against the benchmark, the fund is ahead over 1 year and 3 years, but slightly behind over 5 years. Our read-through is that recent behaviour has been steadier than the benchmark, while the longer window shows a more balanced contest between the two.

Overall, the return pattern does not look erratic. The monthly and quarterly behaviour suggests some variation, but the broader 3-year and 5-year figures point to a fund that has compounded in a fairly orderly way rather than chasing sharp spikes.

Source data date: as of 28 Aug 2026

Should you BUY or HOLD Aditya Birla SL Floating Interest Rates?

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 Floating Interest Rates? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan	6.1719%	7.4559%	6.7258%
Axis Floating Interest Rates Fund Direct Growth Plan	7.9373%	8.4341%	7.2427%
Bandhan Floating Interest Rates Fund Direct Growth Plan	6.8791%	7.8681%	6.7638%
Franklin India Floating Interest Rates Fund Direct Growth Plan	6.849%	8.1607%	7.1646%
ICICI Pru Floating Interest Rates Fund Direct Growth Plan	6.7438%	7.9106%	7.075%
SBI Floating Interest Rates Fund Direct Growth Plan	6.5983%	7.6664%	6.7573%

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

Among the available 1-year figures, the fund trails Axis Floating Interest Rates Fund Direct Growth Plan and is also behind Bandhan, Franklin India, ICICI Pru and SBI. That means the recent return profile is decent, but not the strongest in the peer set on the available numbers.

The longer view is more balanced. At 3 years, the fund stays close to the better peer results and ahead of SBI, while at 5 years it sits below Axis, Franklin India and ICICI Pru but remains ahead of SBI. So the shorter-term comparison looks slightly weaker than the stronger peers, while the 3-year and 5-year figures suggest the gap is not wide across the group.

In our view, this tells two different stories: recent returns have been respectable but not leading, while the medium-term record is more competitive. For an investor comparing floating-rate debt options, that combination can still be useful, especially if the focus is on steadier participation rather than chasing the highest recent return.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap distribution

Market-cap bucket	Weight
Large Cap	0%
Mid Cap	0%
Small Cap	0%
Other Cap	100%

Sector	Weight	Key holdings
CORPORATE DEBT	54.44%	7.48% NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (15/09/2028) — 2.58%; 7.30% BHARTI TELECOM LIMITED (01/12/2027) ** — 2.33%
CERTIFICATE OF DEPOSIT	24.34%	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (28/10/2026) # — 1.03%; AXIS BANK LIMITED (16/10/2026) # — 0.71%
GOVERNMENT SECURITIES	11.78%	GOVERNMENT OF INDIA (22/09/2033) — 5.43%; GOVERNMENT OF INDIA (22/09/2033) (FRB) — 0.71%
PTC & SECURITIZED DEBT	3.28%	RADHAKRISHNA SECURITISATION TRUST 2025-1 (28/09/2028) — 0.84%; INDIA UNIVERSAL TRUST AL2 (21/11/2030) — 0.53%
CASH & CASH EQUIVALENTS AND NET ASSETS	2.98%	NET RECEIVABLES / (PAYABLES) — 1.66%; CLEARING CORPORATION OF INDIA LIMITED — 0.8%

The portfolio is entirely in the “Other Cap” bucket, which fits a debt strategy and keeps the analysis focused on fixed-income exposures rather than equity-style market-cap splits. Within the debt mix, corporate debt is clearly the largest block at 54.44%, followed by certificate of deposit at 24.34% and government securities at 11.78%.

The jump from corporate debt to certificates of deposit is meaningful, so the portfolio is not evenly spread across every fixed-income bucket. That said, the next two sectors still make a sizeable contribution, which gives the fund a broader base than a single-theme debt portfolio. The 3.28% in securitised debt and 2.98% in cash and cash equivalents and net assets add smaller support layers around the core.

In our view, corporate debt is likely to have the greatest influence on portfolio behaviour because it is the largest allocation by a wide margin. Government securities may also shape returns, especially through interest-rate movements, but the combined weight of the other sectors suggests the fund is not overly dependent on one narrow pocket of the market.

Source data date: as of 28 Aug 2026

Who should invest

This fund may suit investors who are comfortable with debt-fund volatility and want a floating-rate exposure with a balanced risk profile. The 1-year, 3-year and 5-year return pattern shows stable compounding, but the fund does not lead every short-term window, so patience is important.

It is better matched to a medium-to-long horizon than to a very short holding period, especially if the goal is to let the debt portfolio work through changing rate conditions. The main trade-off is that the portfolio can behave differently across time periods, with corporate debt and interest-rate-sensitive holdings shaping outcomes in ways that are not perfectly smooth.

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 after holding period.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan?
The current NAV is ₹384.1691 as of 28 August 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 6.1719% for 1 year, 7.4559% for 3 years and 6.7258% for 5 years.

How has the fund performed against the benchmark?
It has beaten the benchmark over 1 year and 3 years, but it is slightly behind over 5 years. Over 1 month and 3 months, the picture is mixed.

How does it compare with other floating-rate funds on available return figures?
Its recent return is below some peers such as Axis Floating Interest Rates Fund Direct Growth Plan, but its 3-year and 5-year numbers remain competitive within the available set.

What is the minimum SIP amount?
The minimum SIP amount is ₹1000.

Who manages the fund and what is the exit load?
The fund is managed by Kaustubh Gupta and Harshil Suvarnkar. There is no exit load after the holding period.

Bottom line

Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan shows a steadier medium-term profile than a flashy short-term one. Its recent return pattern is mixed, but the 3-year and 5-year figures remain broadly constructive, and the fund has held up well versus the benchmark over the 1-year horizon. The portfolio is dominated by corporate debt, with additional support from certificates of deposit and government securities, so the fund may appeal to investors who want a diversified debt allocation with balanced risk.

Published on 31 August 2026 at 2:56 PM IST

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.