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 a NAV of ₹576.03 as of 03 Sep 2026, with scheme AUM of ₹29,944 Cr. Its 1-year, 3-year and 5-year returns are -0.29%, 10.61% and 9.62% respectively, and the fund is tagged as High Risk.

Our view is that this is a large, diversified large-cap equity fund that has handled the medium term better than the most recent year. The return pattern and portfolio mix suggest a fund that can suit investors who can stay invested through uneven phases and are comfortable with a concentrated large-cap core.

Quick facts

Particular	Details
NAV	₹576.03 as of 03 Sep 2026
AUM	₹29,944 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 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.46%	-3.01%
3M	4.71%	1.95%
1Y	-0.29%	-4.40%
3Y	10.61%	5.74%
5Y	9.62%	6.27%

The recent path has been choppy, but the fund has still kept pace better than the benchmark over the latest 1-year window. The 1-month return was negative, yet it fell less than the benchmark, which tells us the fund has been relatively resilient even in a weak short-term stretch.

The stronger point is the 3-year and 5-year record. Both periods are comfortably ahead of the benchmark, which supports the case that the fund has created more value over a fuller market cycle than the benchmark has. That longer horizon matters more here than the weaker one-year number, because the fund has not shown a clean, straight-line run.

The time pattern also points to uneven compounding rather than steady monthly gains. We see a recovery after earlier softness, followed by phases of consolidation and renewed volatility. Our view is that this kind of profile is more suitable for investors who can hold through periods when short-term numbers do not look especially smooth.

For a large-cap equity fund, the key takeaway is balance rather than consistency. It has outpaced the benchmark over 3 years and 5 years, but the latest year was not strong enough to make the recent record look decisive on its own. The longer-term trend is clearly better than the benchmark, while the very recent stretch reminds us that equity outcomes can vary significantly from year to year.

Source data date: as of 03 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Aditya Birla SL Large Cap Fund Direct Growth Plan	-0.29%	10.61%	9.62%
Taurus Large Cap Fund Direct Growth Plan	8.95%	13.94%	10.55%
Quant Large Cap Fund Direct Growth Plan	8.61%	14.48%	Data not available
Bank of India Large Cap Fund Direct Growth Plan	7.37%	14%	9.94%
Invesco India Largecap Fund Direct Growth Plan	6.56%	15.2%	12.14%
Bajaj Finserv Large Cap Fund Direct Growth Plan	4.31%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On recent numbers, the fund trails the stronger peer returns by a wide margin, especially in the 1-year column, where several peers are clearly ahead. Over 3 years, its return is still below the better peer figures, and on 5 years it remains respectable but not the strongest among the available long-term numbers. The short-term picture is weaker than the longer-term one, so the peer set tells a mixed story rather than a single simple conclusion.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd.	Bank	7.84%
HDFC Bank Ltd.	Bank	6.37%
Reliance Industries Ltd.	Crude Oil	4.98%
Infosys Ltd.	IT	3.92%
Bharti Airtel Ltd.	Telecom	3.6%
Axis Bank Ltd.	Bank	3.59%
Kotak Mahindra Bank Ltd.	Bank	3.5%
State Bank of India	Bank	3.4%
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	3.29%
Larsen & Toubro Ltd.	Infrastructure	3.06%

The largest single holding is ICICI Bank Ltd. at 7.84%, so no one position dominates the fund on its own. The gap from the first holding to the tenth is not extreme, but it is wide enough to show that the portfolio is built around a cluster of sizeable positions rather than one outsized bet.

The top 10 holdings together account for approximately 43.55% of the portfolio, which suggests meaningful spread across the rest of the scheme. With 54 disclosed holdings overall, the fund may still draw influence from a fairly long tail of smaller positions, even though the first few holdings carry the most weight. That shape can help reduce dependence on any single stock, while still leaving the large-bank core likely to have greater influence on outcomes.

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

Source data date: as of 03 Sep 2026

Who should invest

This fund is better suited to investors who can accept High Risk and remain patient through uneven one-year outcomes. The stronger 3-year and 5-year returns, together with benchmark outperformance over those horizons, make it more appropriate for a medium- to long-term allocation than for a short-horizon need.

The main trade-off is that the portfolio is built around a fairly concentrated set of large-cap holdings, especially banks, so the fund can move with market and sector cycles even while staying diversified across 54 holdings. Investors who want a large-cap core with a history of better longer-term compounding may find that appealing, but they need to be comfortable with year-to-year variation.

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; nil after 90 days.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Large Cap Fund Direct Growth Plan?
Its NAV is ₹576.03 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are -0.29% over 1 year, 10.61% over 3 years and 9.62% over 5 years.

How does it compare with the benchmark?
It is ahead of Nifty 50 over 1 year, 3 years and 5 years. The gap is most visible over the 3-year and 5-year periods.

How does it compare with the peer funds listed here?
Its recent return is weaker than several peer funds, while the 3-year and 5-year figures are also below some of the stronger peer numbers that are available.

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

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

Bottom line

Aditya Birla SL Large Cap Fund Direct Growth Plan has a weaker latest-year return than its longer-term track record, but the 3-year and 5-year numbers still sit ahead of the benchmark. Against the peer set, the recent year looks softer, while the medium-term picture is better but not leading. The risk label is High Risk, and the portfolio leans heavily on large banks, with the top 10 holdings making up 43.55% of assets across 54 disclosed holdings. That makes it more suitable for patient investors who want a large-cap equity core and can live with uneven short-term swings.

Published on 4 September 2026 at 12:51 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.