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 has an NAV of ₹385.5663 as of 08 Sep 2026 and a scheme AUM of ₹13,211 Cr. Its 1-year, 3-year and 5-year returns are 6.41%, 7.51% and 6.77%, and the risk category is Balanced Risk.

Our view is that this is a steady debt option rather than a high-octane return play. The recent return pattern is stable, the longer track record is consistent, and the portfolio is built around interest-rate-sensitive debt instruments and government securities, which suits investors who can accept moderate movement for relatively measured compounding.

Quick facts

Particular	Details
NAV	₹385.5663 as of 08 Sep 2026
AUM	₹13,211 Cr
Expense Ratio	0.24%
Launch Date	01 Jan 2013
Min SIP	₹1,000
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 08 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.45%	-3.86%
3M	1.81%	1.69%
1Y	6.41%	-5.72%
3Y	7.51%	6.3%
5Y	6.77%	6.05%

The latest month and quarter suggest a relatively calm path, with the fund staying slightly positive while the benchmark has been more uneven over the same windows. That matters because short-dated moves can affect sentiment in floating-rate debt, even when the broader compounding pattern remains intact.

Over 1 year, the fund has clearly outpaced the benchmark, which was negative in the same period. That is a meaningful sign of resilience, but we do not read it as a guarantee of repeatability; debt returns can shift as rate conditions and portfolio cash flows change.

The longer record is steadier than the benchmark as well. The 3-year return of 7.51% and 5-year return of 6.77% both sit above the benchmark figures, and the gap is narrower at the longer horizon than it is for 1 year. Our reading is that the fund has shown a more reliable earnings pattern than the benchmark while still keeping its return profile in a moderate band rather than stretching for equity-like upside.

Across the supplied time periods, the fund’s path looks more consistent than erratic. There are signs of brief softness and recovery in the shorter windows, but the overall pattern remains upward over medium and long horizons, which is generally what investors want from a floating-rate debt allocation.

Source data date: as of 08 Sep 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan	6.41%	7.51%	6.77%
Axis Floating Interest Rates Fund Direct Growth Plan	7.41%	8.41%	7.24%
Bandhan Floating Interest Rates Fund Direct Growth Plan	7%	7.93%	6.81%
ICICI Pru Floating Interest Rates Fund Direct Growth Plan	6.97%	7.97%	7.12%
Franklin India Floating Interest Rates Fund Direct Growth Plan	6.84%	8.19%	7.2%
Tata Floating Interest Rates Fund Direct Growth Plan	6.71%	7.54%	6.78%

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

On the available return data, the fund trails several peers in the latest 1-year period, where Axis, Bandhan, ICICI Pru, Franklin India and Tata all post higher figures. The gap is not extreme, but it does show that the fund has not been the strongest recent performer in this group.

The longer picture is more balanced. At 3 years, it remains behind Axis, ICICI Pru and Franklin India, but it is close to Tata and above neither the benchmark nor the broader trend of the strongest peer readings. At 5 years, it sits near the middle of the group, which tells us the fund’s long-run profile is competitive even if its recent pace has been a little softer than the better peer outcomes.

That split between short-term and longer-term comparison is important. The fund looks more dependable over time than its latest year alone might suggest, but the peer set shows that other floating-rate funds have delivered somewhat stronger recent and medium-term numbers.

Source data date: as of 08 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Government of India (22/09/2033) (FRB)	Government Securities	7.33%
Net Receivable / Payable	Cash & Cash Equivalents and Net Assets	2.79%
7.28% Small Industries Development Bank of India (04/06/2029) (FRN) **	Floating Rate Instruments	2.64%
7.48% National Bank for Agriculture and Rural Development (15/09/2028)	Corporate Debt	2.34%
7.20% Knowledge Realty Trust (26/09/2028) **	Corporate Debt	2.25%
TREPS	Cash & Cash Equivalents and Net Assets	2.05%
7.30% Bharti Telecom Ltd. (01/12/2027) **	Corporate Debt	1.99%
Union Bank of India (16/03/2027) **#	Certificate of Deposit	1.83%
7.21% Embassy Office Parks Reit (17/03/2028) **	Corporate Debt	1.7%
7.44% National Bank for Agriculture and Rural Development (17/07/2029) **	Corporate Debt	1.5%

The top 10 holdings account for approximately 26.42% of the portfolio.

To see all holdings, visit the Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan page

The largest holding is Government of India (22/09/2033) (FRB) at 7.33%, which is meaningful but not dominant by itself. After that, the weights step down fairly quickly into the low-2% range, so no single line item appears to drive the portfolio on its own.

The spread from the first holding to the tenth is modest in absolute terms, yet the table also shows that the portfolio is not packed tightly at the top. The top 10 together account for about 26.42% of holdings, which suggests a longer tail of positions beyond the largest disclosed names.

With 68 disclosed holdings, the fund appears to spread exposure across many individual securities rather than concentrate everything in a handful of bets. That structure may help keep issuer-specific risk from becoming too large, while still leaving the fund sensitive to rate movements through its floating-rate and debt-heavy mix.

Source data date: as of 08 Sep 2026

Who should invest

This fund fits investors who can accept moderate volatility in exchange for a steadier debt-style return pattern. The Balanced Risk label and the 1-year, 3-year and 5-year numbers point to a profile that is more measured than aggressive, while still showing the ability to stay ahead of the benchmark across the periods shown.

We see it as more suitable for a medium- to longer-term horizon than for a very short parking need. The main trade-off is that the returns are not designed to jump sharply in strong markets, but the portfolio structure and multi-year record suggest a more disciplined path than an unconstrained return chase.

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

No exit load after holding period.

Source data date: as of 08 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan?

The NAV is ₹385.5663 as of 08 Sep 2026.

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

The returns are 6.41% for 1 year, 7.51% for 3 years and 6.77% for 5 years.

How has the fund performed against its benchmark?

It has been ahead of the benchmark across the periods shown. The benchmark’s 1-year return is negative, while the fund is positive over 1 year, 3 years and 5 years.

How does it compare with peer floating-rate funds?

Its recent and medium-term returns are lower than several peers, especially Axis, ICICI Pru and Franklin India. At 5 years, it remains competitive, but not the strongest in the 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

This fund’s recent performance is a little softer than some peers, but its medium- and longer-term record remains steady and comfortably ahead of the benchmark across the periods shown. The Balanced Risk profile, floating-rate orientation and spread across 68 disclosed holdings make it look more like a disciplined debt allocation than a concentrated bet. For investors who want moderate risk and a reasonably consistent compounding pattern, it fits better as a longer-horizon debt sleeve than as a short-term return chase.

Published on 9 September 2026 at 3:56 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.