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 has a NAV of ₹46.3748 as of 01 Sep 2026 and an AUM of ₹226 Cr. Its 1-year, 3-year and 5-year returns are 22.56%, 20.66% and 13.1% respectively, and the scheme is tagged as High Risk. Our view is that the fund has delivered strong multi-year compounding, but the overseas fund-of-funds structure makes the ride less steady than a plain domestic equity strategy.

That return pattern, together with the portfolio being almost fully tied to one overseas fund holding, points to a fund that can suit investors who accept sharp swings in exchange for long-term participation in global equity themes. It looks more appropriate for a patient horizon than for short holding periods.

Quick facts

Particular	Details
NAV	₹46.3748 as of 01 Sep 2026
AUM	₹226 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 01 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.64%	-3.47%
3M	-1.21%	2.17%
1Y	22.56%	-3.84%
3Y	20.66%	5.8%
5Y	13.1%	6.3%

The recent pattern is mixed. Over the last month and three months, the fund stayed volatile and did not move in a straight line, which is common for a global equity-linked strategy. Even so, the one-month decline was smaller than the benchmark’s decline, while the three-month figure was weaker than the benchmark because the benchmark stayed positive over that window.

The bigger picture is more encouraging. The fund’s 1-year return stands well ahead of the benchmark, and the same is true over 3 years and 5 years. That tells us the strategy has been able to compound better than the benchmark across medium and long horizons, even though the short-term path has remained uneven.

What stands out is the gap between short-term softness and long-term strength. The 5-year pattern suggests a choppy but upward compounding trend rather than a smooth climb, so investors should expect periods where returns lag even when the longer arc remains constructive. For an overseas fund of funds, that is an important feature rather than a surprise.

The benchmark comparison also matters for interpretation. The fund has outpaced Nifty 50 over 1 year, 3 years and 5 years, but the benchmark has occasionally been steadier over shorter windows. Our view is that this fund is best read as a return-seeking global allocation, not as a stability anchor inside an equity portfolio.

Source data date: as of 01 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	22.56%	20.66%	13.1%
Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan	56.05%	28.06%	11.38%
HSBC Global Emerging Markets Fund Direct Growth Plan	52.8%	28.05%	11.98%
Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan	45.03%	25.39%	11.96%
HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan	38.14%	26.79%	14.9%
DSP US Specific Equity Omni FoF Direct Growth Plan	38.13%	26.75%	18.84%

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

On the latest 1-year figure, the fund trails the strongest peer numbers in this set, but it still beats a few of the other overseas options on the same horizon. The more important takeaway is that its 3-year return is below the peer figures shown here, while its 5-year return is closer to the middle of this group and remains ahead of some peers. That split suggests the fund has not kept pace with the quickest recent movers, even though its longer horizon remains respectable.

So the peer picture is not uniform. The short-term comparison looks less favourable, while the 5-year comparison is more balanced. For investors, that means the fund’s case rests more on its own long-term compounding and portfolio profile than on near-term momentum versus the named overseas alternatives.

Source data date: as of 01 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Julius Baer Strategy Fund Fcp-Luxembourg	Overseas Mutual Fund Units	98.8%
TREPS	Cash & Cash Equivalents and Net Assets	1.27%

The largest holding is extremely dominant at 98.8%, so the fund’s outcome is likely to be driven primarily by that single overseas mutual fund exposure. The cash and cash equivalents line is small, which leaves very little room for diversification within the disclosed portfolio.

Because only two holdings are disclosed, the weight drops sharply from the first position to the second. That kind of structure may create a cleaner link to the underlying overseas strategy, but it also means changes in that underlying position could have a greater influence on the fund than in a more spread-out portfolio.

With the disclosed holdings already accounting for 100% of the portfolio, the structure appears highly concentrated rather than spread across a long tail of positions. In our view, that concentration is central to how the fund should be understood: it behaves more like a focused wrapper around one core exposure than a broadly diversified basket.

Source data date: as of 01 Sep 2026

Who should invest

This fund is suited to investors who can tolerate High Risk and accept that short-term moves may be uneven. The 1-year, 3-year and 5-year returns show a strong longer-term track record, but the recent 1-month and 3-month figures also remind us that the path is not smooth.

It fits a longer investment horizon because the strategy needs time for the global equity exposure to play out. Investors comparing it with Nifty 50 should be comfortable with the fact that the fund has moved well ahead over 1, 3 and 5 years, but can still experience abrupt shorter-term swings.

The main trade-off is concentration. The portfolio is almost entirely tied to one overseas mutual fund holding, so investors may get focused global exposure, but they also need to accept less diversification at the disclosed holding level.

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

Exit load is 0.25% on or before 28 days. There is no exit load after 28 days.

Source data date: as of 01 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 ₹46.3748 as of 01 Sep 2026.

How has the fund performed over 1 year, 3 years and 5 years?
Its returns are 22.56% over 1 year, 20.66% over 3 years and 13.1% over 5 years.

How does the fund compare with Nifty 50?
It has outperformed Nifty 50 over 1 year, 3 years and 5 years. Over the latest month, it fell less than the benchmark, while over 3 months the benchmark did better.

How does it compare with the peer funds listed here?
Its 1-year return trails the strongest peer figures shown here, while its 5-year return is closer to the middle of the group and ahead of some peers. The peer picture is mixed rather than uniform.

What is the minimum SIP amount?
This plan does not allow SIP investing, so a minimum SIP amount is not applicable.

Who manages the fund and what is the exit load?
Dhaval Joshi manages the fund. The exit load is 0.25% 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 record than its recent short-term patch, and it has stayed ahead of Nifty 50 across 1-year, 3-year and 5-year horizons. Against the named overseas peers, its recent performance looks less forceful, but its longer-term return remains usable. The key portfolio feature is concentration: almost the entire disclosed exposure sits in one overseas fund, so investors are buying a focused global allocation with High Risk characteristics rather than a broadly spread portfolio.

Published on 3 September 2026 at 6:19 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.