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 ₹385.1235 as of 03 Sep 2026 and scheme AUM of ₹13,215 Cr. Its 1-year, 3-year and 5-year returns are 6.39%, 7.5% and 6.75%, and the scheme sits in the Balanced Risk category.

Our view is that this is a steady, rate-sensitive debt fund rather than a high-volatility return story. The return pattern is reasonable against its benchmark and the portfolio is spread across government securities, corporate debt, floating rate instruments and CDs, which may help it navigate changing interest-rate conditions.

Quick facts

Particular	Details
NAV	₹385.1235 as of 03 Sep 2026
AUM	₹13,215 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 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.5%	-3.01%
3M	2.15%	1.95%
1Y	6.39%	-4.4%
3Y	7.5%	5.74%
5Y	6.75%	6.27%

Recent performance has been mixed but constructive. Over 1 month and 3 months, the fund stayed in positive territory, which suggests the portfolio has not been overly disrupted by short-term rate moves. The benchmark, however, was weaker over 1 month and only slightly behind over 3 months, so the fund’s short-run edge is visible but not dramatic.

The 1-year return is the cleanest sign of resilience here. At 6.39%, the fund stayed well ahead of the benchmark’s -4.4%, which points to a much steadier path through the latest year. That matters for a floating-rate strategy, because investors are usually looking for income stability and less sensitivity to broader market swings.

Over 3 years, the fund returned 7.5% against 5.74% for the benchmark, and over 5 years it returned 6.75% against 6.27%. That tells us the fund has been modestly ahead over longer horizons, even if the margin is not large. The longer pattern is therefore one of consistency rather than aggressive outperformance.

Looking at the return path, the fund has shown periods of recovery and mild variation, but not the kind of sharp drawdown pattern that usually comes with riskier debt strategies. Our view is that this profile suits investors who want a relatively disciplined floating-rate debt allocation and are comfortable with returns that can move, but generally remain contained.

Source data date: as of 03 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	6.39%	7.5%	6.75%
Axis Floating Interest Rates Fund Direct Growth Plan	7.98%	8.4%	7.22%
Bandhan Floating Interest Rates Fund Direct Growth Plan	7.13%	7.91%	6.78%
Franklin India Floating Interest Rates Fund Direct Growth Plan	7.06%	8.19%	7.18%
ICICI Pru Floating Interest Rates Fund Direct Growth Plan	6.96%	7.96%	7.1%
Tata Floating Interest Rates Fund Direct Growth Plan	6.75%	7.51%	6.75%

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

The recent 1-year return trails several peers, with Axis Floating Interest Rates Fund Direct Growth Plan and Bandhan Floating Interest Rates Fund Direct Growth Plan both ahead on that period. Over 3 years and 5 years, the fund also sits below Axis, Franklin India and ICICI Pru on the figures available here, while staying close to Tata on the 5-year measure.

What stands out is that the fund’s longer-term numbers are still solid and fairly orderly, even though a few peers have delivered a stronger recent and medium-term track. So the comparison tells two stories at once: the fund has been stable and respectable over time, but it has not been the most powerful compounder among the listed peers on the returns available.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Government of India (22/09/2033) (FRB)	Government Securities	7.1%
7.30% Bharti Telecom Ltd. (01/12/2027) **	Corporate Debt	3.82%
7.28% Small Industries Development Bank of India (04/06/2029) (FRN) **	Floating Rate Instruments	2.66%
7.20% Knowledge Realty Trust (26/09/2028) **	Corporate Debt	2.26%
Net Receivable / Payable	Cash & Cash Equivalents and Net Assets	2.01%
7.48% National Bank for Agriculture and Rural Development (15/09/2028)	Corporate Debt	1.97%
Union Bank of India (16/03/2027) **#	Certificate of Deposit	1.81%
7.44% National Bank for Agriculture and Rural Development (17/07/2029)	Corporate Debt	1.74%
7.21% Embassy Office Parks Reit (17/03/2028) **	Corporate Debt	1.7%
ICICI Bank Ltd. (25/03/2027) #	Certificate of Deposit	1.45%

The top 10 holdings account for approximately 26.52% of the portfolio.

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

The largest holding, Government of India (22/09/2033) (FRB), stands at 7.1%, so no single line item dominates the portfolio. The drop from the first holding to the tenth is gradual, moving from 7.1% to 1.45%, which suggests the visible positions are spread across several issuers rather than concentrated in one oversized exposure.

At the same time, the displayed top 10 holdings add up to 26.52%, which leaves a large share of the scheme across a longer tail of 67 disclosed holdings. That combination may reduce dependence on any one position, while still leaving the largest securities likely to have greater influence than the smaller ones.

From an allocation perspective, the mix of government securities, corporate debt, floating rate instruments and CDs may help the fund balance income generation with interest-rate sensitivity. We would read this as a diversified debt book rather than a narrowly focused credit bet.

Source data date: as of 03 Sep 2026

Who should invest

This fund is more suitable for investors who are comfortable with a Balanced Risk debt category and want a floating-rate allocation that has held up reasonably well over 1, 3 and 5 years. The 1-year, 3-year and 5-year record points to steadier compounding rather than sharp jumps, and the benchmark comparison suggests the scheme has generally stayed ahead or close to it across the longer periods.

The main trade-off is that the fund may not always lead peers on recent return momentum, even though its longer-term path remains disciplined. Investors with a medium to long horizon who value rate-linked debt exposure and moderate portfolio spread may find the profile easier to hold through changing interest-rate conditions.

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 03 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan?
The current NAV is ₹385.1235 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 6.39% for 1 year, 7.5% for 3 years and 6.75% for 5 years.

How has the fund performed against its benchmark?
It has been ahead of the benchmark across 1-year, 3-year and 5-year periods. The gap is widest over 1 year, where the fund returned 6.39% while the benchmark returned -4.4%.

How does it compare with other floating-rate funds on available return data?
Several peers have shown stronger 1-year, 3-year and 5-year returns, including Axis Floating Interest Rates Fund Direct Growth Plan and Franklin India Floating Interest Rates Fund Direct Growth Plan. The fund still shows a stable long-term profile, but the peer set has some stronger recent numbers.

What is the 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 Kaustubh Gupta and Harshil Suvarnkar. The exit load is nil after the holding period.

Bottom line

Aditya Birla SL Floating Interest Rates Fund Direct Growth Plan has a stable long-term profile, with 1-year, 3-year and 5-year returns that stay comfortably positive and generally ahead of the benchmark. Its recent numbers are not the strongest in the peer set, but the longer-term record is orderly rather than erratic. The portfolio is spread across government securities, corporate debt, floating rate instruments and CDs, which may support balance. Overall, this looks better suited to investors seeking measured debt exposure than to those chasing the fastest recent return trend.

Published on 4 September 2026 at 12:50 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.