Aditya Birla SL Large Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Large Cap Fund Direct Growth Plan currently has an NAV of ₹570.74 as of 08 Sep 2026 and manages ₹29,710 Cr. Its 1-year, 3-year and 5-year returns are -0.72%, 9.91% and 9.53%, and the fund sits in the High Risk category. In our view, that mix points to a large-cap equity fund that has not been smooth in the near term, but has still built a workable longer-term compounding record against a broad-market benchmark.

The portfolio is anchored by large financials and other market leaders, with a fairly concentrated top-10 list. That makes it better suited to investors who can stay patient through short-term swings and want a large-cap allocation with meaningful exposure to banks, telecom, IT and infrastructure.

Quick facts

Particular	Details
NAV	₹570.74 as of 08 Sep 2026
AUM	₹29,710 Cr
Expense Ratio	0.97%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Harish Krishnan

The fund is managed by Harish Krishnan.

Source data date: as of 08 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.64%	-3.86%
3M	4.15%	1.69%
1Y	-0.72%	-5.72%
3Y	9.91%	6.30%
5Y	9.53%	6.05%

The recent pattern is mixed but not weak across every time frame. Over 1 month, the fund fell slightly less than the benchmark, while the 3-month return stayed clearly ahead, which tells us the strategy has handled the latest stretch better than the broad index.

The 1-year figure is still negative, so the near-term picture is not comfortable for anyone judging the fund only on the latest year. Even so, it held up better than the benchmark over that same period, which matters because the benchmark also posted a negative year.

The longer view is more constructive. Both the 3-year and 5-year returns are ahead of the benchmark, and the spread is wide enough to suggest the fund has added value over a full market cycle rather than only in a short rebound. That said, the 1-year dip shows the path has not been linear, so we would treat the recent year as a reminder that large-cap equity portfolios can still move sharply even when the longer record is better.

Source data date: as of 08 Sep 2026

Should you BUY or HOLD Aditya Birla SL Large Cap?

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.

Already holding Aditya Birla SL Large Cap? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL Large Cap Fund Direct Growth Plan	-0.72%	9.91%	9.53%
Quant Large Cap Fund Direct Growth Plan	9.01%	13.24%	Data not available
Taurus Large Cap Fund Direct Growth Plan	8.36%	12.98%	10.51%
Bank of India Large Cap Fund Direct Growth Plan	7.74%	13.02%	9.97%
Invesco India Largecap Fund Direct Growth Plan	5.28%	14.09%	11.99%
Bandhan Large Cap Fund Direct Growth Plan	3.45%	13.33%	10.9%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The current fund’s 1-year return trails the peer set shown here, while the 3-year figure is in the middle of the group and the 5-year figure is below the stronger longer-term peer results available. That combination suggests a short-term lag, but the longer-term picture is more balanced than the latest year alone would imply.

We also see that the fund’s 3-year and 5-year figures are more moderate than the more aggressive outcomes posted by some peers, especially on the 3-year measure. For an investor, the key takeaway is that the recent year looks weaker than the mid-term history, so the comparison tells two different stories: a softer latest stretch, but a more respectable multi-year record.

Source data date: as of 08 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd.	Bank	8%
HDFC Bank Ltd.	Bank	6.57%
Reliance Industries Ltd.	Crude Oil	4.9%
Kotak Mahindra Bank Ltd.	Bank	3.79%
State Bank of India	Bank	3.53%
Infosys Ltd.	IT	3.43%
Bharti Airtel Ltd.	Telecom	3.25%
Axis Bank Ltd.	Bank	3.24%
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	3.2%
Larsen & Toubro Ltd.	Infrastructure	3.17%

The largest holding, ICICI Bank Ltd., accounts for 8%, so it is meaningful but not dominant in isolation. The next few positions are also sizeable, which means the fund’s performance is likely to be influenced by a handful of large names rather than by one single stock.

The drop from the first holding to the tenth is gradual, not abrupt, and that suggests the portfolio is spread across several core large-cap ideas. At the same time, the top 10 holdings together account for 43.08% of the portfolio, so this is still a fund where the leading positions may matter more than the long tail.

With 54 disclosed holdings, the portfolio does extend beyond the top names, but the disclosed list shows a clear emphasis on banks. In our view, that may make the fund more sensitive to how the financials segment behaves, even though it also has exposure to telecom, IT, infrastructure and consumer-linked businesses.

To see all holdings, visit the Aditya Birla SL Large Cap Fund Direct Growth Plan page

Source data date: as of 08 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and are willing to hold through uneven short-term moves. The negative 1-year return shows that patience is important, even though the 3-year and 5-year numbers have been stronger and have stayed ahead of the benchmark.

It is more appropriate for a medium- to long-term horizon, where the investor is looking for large-cap equity exposure with a meaningful banking tilt. The main trade-off is that the portfolio may not protect capital smoothly in every year, but it does offer the possibility of steadier compounding than the recent 1-year figure alone would suggest.

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: 1% if units are sold on or before 90 days; no exit load after that holding period.

Source data date: as of 08 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Large Cap Fund Direct Growth Plan?
The current NAV is ₹570.74 as of 08 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are -0.72% over 1 year, 9.91% over 3 years and 9.53% over 5 years.

How does the fund compare with its benchmark?
It has beaten the benchmark over 3 years and 5 years, and it also held up better than the benchmark over 1 year and 1 month.

How does it compare with the peer funds shown here?
Its 1-year return is weaker than the peer set shown here, while its 3-year and 5-year figures are more moderate than the stronger longer-term peer results available.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Harish Krishnan. The exit load is 1% if units are sold on or before 90 days, and nil after that holding period.

Bottom line

Aditya Birla SL Large Cap Fund Direct Growth Plan has a mixed recent record but a more convincing multi-year profile. The last 1-year return is negative, yet the 3-year and 5-year returns are ahead of the benchmark, which makes the longer-term story stronger than the short-term one. Its High Risk label and bank-heavy top holdings mean it is still exposed to equity market swings, but the concentration is spread across several large names rather than one outsized position. That makes it a more fitting choice for investors who can stay invested through uneven periods.

Published on 9 September 2026 at 3:57 PM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.