Aditya Birla SL Gilt FundGrowth-Instant Gain-Direct Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Gilt FundGrowth-Instant Gain-Direct Plan has a NAV of ₹87.9916 as of 11 Sep 2026 and a scheme AUM of ₹1,237 Cr. Its 1-year, 3-year and 5-year returns are 2.53%, 5.67% and 5.1% respectively, and the scheme sits in the Medium Risk bucket.

Our view is that this looks more suited to investors who want government-securities exposure with relatively measured movement rather than fast capital growth. The portfolio is dominated by long-dated Government of India securities, so the fund’s behaviour is likely to stay closely tied to interest-rate trends and gilt market conditions.

Quick facts

Particular	Details
NAV	₹87.9916 as of 11 Sep 2026
AUM	₹1,237 Cr
Expense Ratio	0.49%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Bhupesh Bameta

The fund is managed by Bhupesh Bameta.

Source data date: as of 11 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.67%	-3.66%
3M	0.92%	-1.91%
1Y	2.53%	-7.62%
3Y	5.67%	6.22%
5Y	5.1%	5.84%

The recent pattern is softer than the medium-term history, but it is still better than the benchmark across the latest 1-month, 3-month and 1-year windows. That tells us the fund has preserved more value than the benchmark in the recent rate-sensitive stretch, even though both have faced pressure over the shortest period.

Over 3 years and 5 years, the fund has stayed close to the benchmark but has trailed it slightly. The gap is not large, which suggests the scheme has delivered a steadier gilt-style return profile rather than trying to stretch for extra upside.

The short-term path also looks more uneven than the 3-year and 5-year picture. The 1-year pattern includes a deeper dip and a partial recovery, which is consistent with a portfolio that is highly exposed to government bond pricing and interest-rate moves.

For investors, the useful read-through is that this fund has not been a high-velocity compounder, but it has shown the ability to hold up better than the benchmark in some recent windows. Longer-term, the return trend remains moderate rather than strong, so expectations need to stay grounded in debt-market behaviour rather than equity-like growth.

Source data date: as of 11 Sep 2026

Should you BUY or HOLD Aditya Birla SL Gilt FundGrowth-Instant Gain-Direct Plan?

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 Gilt FundGrowth-Instant Gain-Direct Plan	2.53%	5.67%	5.1%
Bandhan Gilt Fund Direct Growth Plan	7.85%	8.06%	6.37%
Franklin India Gilt Fund Direct Growth Plan	6.45%	6.62%	5.45%
UTI Gilt Fund Direct Growth Plan	5.26%	6.73%	5.71%
ICICI Pru Gilt Fund Direct Growth Plan	5%	7.2%	6.56%
Bandhan 10 year Constant Maturity Gilt Fund Direct Growth Plan	4.87%	7.81%	5.83%

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

On the latest return readings, the fund trails the better-performing peer options, especially on the 1-year measure where several peers are clearly ahead. Its 3-year and 5-year numbers also sit below the stronger peer set, so the medium-term picture is weaker than the leading comparisons.

That said, the gap is not uniform across every horizon. The fund’s 3-year and 5-year returns are still in the same broad band as some peers, which means the difference is more about relative strength than a completely separate outcome. The short-term gap is wider than the long-term one, so the recent stretch has looked less competitive than the multi-year trend.

Source data date: as of 11 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Government of India (22/04/2064)	Government Securities	30.13%
Government of India (18/05/2066)	Government Securities	14.27%
Government of India (19/06/2053)	Government Securities	13.31%
Government of India (18/08/2055)	Government Securities	8.17%
TREPS	Cash & Cash Equivalents and Net Assets	7.7%
Government of India (05/08/2054)	Government Securities	6.1%
Government of India (25/11/2074)	Government Securities	4.72%
Government of India (30/10/2034) (FRB)	Government Securities	4.15%
Net Receivable / Payable	Cash & Cash Equivalents and Net Assets	2.39%
Government of India (22/02/2061)	Government Securities	2.16%

The top 10 holdings account for approximately 93.1% of the portfolio.

To see all holdings, visit the Aditya Birla SL Gilt FundGrowth-Instant Gain-Direct Plan page

The largest holding, Government of India (22/04/2064), carries a 30.13% weight, which is large enough to shape the fund’s near-term sensitivity to movement in long-duration sovereign bonds. The next positions are much smaller, and the drop from the first holding to the tenth holding is substantial, so the portfolio does not lean on a broad, evenly spread set of bets.

Because the top 10 holdings already account for 93.1% of the portfolio across 14 disclosed holdings, the fund appears fairly concentrated in its visible sleeve. That concentration may make the return profile more dependent on a handful of government-security positions and cash-like balances than on a long tail of smaller exposures.

At the same time, the allocation is still consistent with a gilt strategy rather than a diversified multi-asset posture. In our view, the structure may suit investors who are comfortable with interest-rate sensitivity and want the portfolio to remain anchored in sovereign debt instruments.

Source data date: as of 11 Sep 2026

Who should invest

This fund may suit investors with a moderate tolerance for interest-rate swings and a preference for sovereign debt exposure. The Medium Risk label and the long-dated government-security mix point to a portfolio that can move when bond yields shift.

A medium to longer investment horizon is more appropriate than a short holding period, because the 3-year and 5-year returns show a steadier but still moderate compounding profile. The main trade-off is that the fund may provide stability relative to riskier market-linked assets, but it does not appear built for aggressive return chasing.

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.

Source data date: as of 11 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Gilt FundGrowth-Instant Gain-Direct Plan?

The current NAV is ₹87.9916 as of 11 Sep 2026.

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

The 1-year return is 2.53%, the 3-year return is 5.67% and the 5-year return is 5.1%.

How has the fund performed versus the benchmark?

It has done better than the benchmark over 1 month, 3 months and 1 year, but it trails the benchmark over 3 years and 5 years. That makes the recent stretch stronger than the longer-term relative picture.

How does it compare with peer gilt funds on returns?

Its 1-year, 3-year and 5-year returns are below the stronger peer figures available, especially on the shorter horizon. The longer horizons are closer to some peers, but the recent gap remains noticeable.

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 Bhupesh Bameta. There is no exit load.

Bottom line

This fund’s recent performance is softer than its 3-year and 5-year track, but it has still stayed ahead of the benchmark in the latest shorter windows. Against peer gilt funds, the return profile is weaker on the available figures, though the long-term gap is not extreme. The Medium Risk tag and the heavy tilt toward long-dated Government of India securities make it a rate-sensitive gilt strategy rather than a broad diversification tool. It may fit investors who want sovereign debt exposure and can stay patient through bond-market swings.

Published on 15 September 2026 at 3:10 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.