Aditya Birla SL Global Excellence Equity FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Global Excellence Equity FoF Direct Growth Plan is a fund of fund with a NAV of ₹46.4129 as of 09 Sep 2026 and scheme AUM of ₹222 Cr. Its 1-year, 3-year and 5-year returns are 21.4%, 21.2% and 12.99%, and it sits in the High Risk category. Our view is that it has delivered strong medium-term compounding, but the recent pattern is softer, so the fund fits investors who can accept overseas equity swings and are comfortable with a concentrated underlying exposure.

The fund also has a low expense ratio of 0.68% and a benchmark of Nifty 50. Because it is almost fully invested in a single overseas mutual fund holding, the portfolio looks focused rather than diversified, which can help performance when the underlying strategy works and can also make returns more uneven when it does not.

Quick facts

Particular	Details
NAV	₹46.4129 as of 09 Sep 2026
AUM	₹222 Cr
Expense Ratio	0.68%
Launch Date	02 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	0.25% on or before 28D, Nil after 28D
Fund Managers	Dhaval Joshi

The fund is managed by Dhaval Joshi.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.93%	-4.06%
3M	0.34%	1.37%
1Y	21.4%	-7.31%
3Y	21.2%	6.07%
5Y	12.99%	5.91%

The recent picture is mixed. Over 1 month, the fund declined less than the benchmark, which shows relative resilience in a weak stretch, but over 3 months it lagged the benchmark even though both moved broadly higher. That tells us the short-term path has been uneven rather than smooth.

The longer pattern is much better. The fund’s 1-year return is sharply positive while the benchmark is negative, which points to a clear divergence in favour of the fund over the last year. The 3-year and 5-year figures remain comfortably above the benchmark, so the medium-term record is stronger than the local short-term patch.

The time pattern also suggests some volatility inside the broader uptrend. There were periods of drawdown and recovery across the 3-year and 5-year windows, so the fund has not moved in a straight line. For investors, that matters because the headline return profile is attractive, but it has come with noticeable swings.

Overall, our view is that this is a fund where the long-term result has been better than the benchmark, while the most recent return blocks are less decisive. That combination usually suits patient investors who can stay invested through uneven phases rather than those looking for a stable month-to-month path.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Aditya Birla SL Global Excellence Equity FoF?

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 Global Excellence Equity FoF Direct Growth Plan	21.4%	21.2%	12.99%
Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan	55.7%	29.52%	11.97%
HSBC Global Emerging Markets Fund Direct Growth Plan	52.99%	29.63%	12.76%
Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan	46%	27.35%	12.66%
HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan	39.66%	28.4%	15.47%
HSBC Brazil Fund Direct Growth Plan	36.09%	16.75%	9.97%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year numbers, the fund trails the stronger peer outcomes by a wide margin, even though its own 21.4% return still stands out versus the benchmark. On 3-year and 5-year figures, it remains competitive: its 3-year return is below the best peer figures shown, but its 5-year return is ahead of some of the overseas peers in this set. The message is that the fund looks less explosive recently, yet its longer record is still broadly constructive.

That split matters. The short-term comparison suggests the fund has not matched the most powerful recent overseas equity runs, while the longer-term comparison shows it has still compounded better than several alternatives over five years. For investors, the peer set says this fund is better understood as a steadier long-horizon overseas allocation than a recent momentum leader.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Julius Baer Global Excellence Equity Usd	Overseas Mutual Fund Units	98.26%
TREPS	Cash & Cash Equivalents and Net Assets	1.85%

The largest holding is Julius Baer Global Excellence Equity Usd at 98.26%, so the portfolio is clearly built around a single overseas fund exposure. That position is likely to have the greatest influence on day-to-day returns, while the small cash line mainly acts as a buffer.

Because there are only two disclosed holdings, the weight drops sharply from the main position to the second line. That leaves very little spread across a long list of securities, which may make the fund’s outcome more dependent on how the underlying overseas strategy behaves.

In that sense, the portfolio appears concentrated rather than broadly diversified. The top disclosed holding accounts for 100% of the displayed portfolio weight when combined with the cash line, so investors should expect the fund to track its underlying overseas allocation closely rather than a wide basket of independent positions.

Source data date: as of 09 Sep 2026

Who should invest

This fund is more suitable for investors who can tolerate High Risk and who are willing to stay invested for several years. The 1-year, 3-year and 5-year pattern shows strong medium-term compounding, but the shorter windows are less smooth, which means the journey can be uneven.

Its benchmark comparison is useful: the fund has beaten Nifty 50 over 1, 3 and 5 years, so it offers a different return profile from a domestic large-cap tracker. The main trade-off is that the investor gets access to overseas equity upside through a concentrated structure, but must accept sharper swings and benchmark divergence along the way.

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: 0.25% if units are sold on or before 28 days; nil after 28 days.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Global Excellence Equity FoF Direct Growth Plan?

The current NAV is ₹46.4129 as of 09 Sep 2026. It reflects the latest valuation point available for the fund.

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

The fund’s 1-year, 3-year and 5-year returns are 21.4%, 21.2% and 12.99%. The pattern shows stronger medium-term compounding than the most recent 1-month and 3-month moves.

How does the fund compare with its benchmark?

The fund has beaten Nifty 50 over 1 year, 3 years and 5 years. The benchmark figures are -7.31%, 6.07% and 5.91% for those same periods.

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

Its 1-year return is lower than several peer funds in the comparison set, but its 3-year and 5-year figures remain competitive. That creates a mixed picture: less striking recently, yet still constructive over longer holding periods.

Does this fund allow a minimum SIP?

No minimum SIP amount is stated here for the fund. The available information does not include a SIP amount.

Who manages the fund and what is the exit load?

The fund is managed by Dhaval Joshi. The exit load is 0.25% if units are sold on or before 28 days, and nil after 28 days.

Bottom line

Aditya Birla SL Global Excellence Equity FoF Direct Growth Plan has a stronger long-term return profile than its recent short-window numbers suggest. It has also stayed ahead of the benchmark over 1, 3 and 5 years, while the peer set shows a mixed but still credible longer-term position. The fund’s defining feature is concentration: almost the entire portfolio sits in one overseas mutual fund holding. That makes it a focused, high-risk overseas equity option for investors who can accept uneven periods in exchange for long-horizon compounding.

Published on 11 September 2026 at 10:09 AM 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.