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

Aditya Birla SL MNC Fund Direct Growth Plan had a NAV of ₹1,465.35 as of 02 Sep 2026 and an AUM of ₹3,293 Cr. Its 1-year, 3-year and 5-year returns are -4.59%, 7.86% and 6.57% respectively, and the scheme is tagged as High Risk. In our view, this is a fund for investors who can accept uneven shorter-term results in exchange for exposure to a concentrated multinational-company portfolio.

Its recent return pattern is weaker than its longer-run record, and that makes the fund better suited to a patient horizon than to short-term expectations. The portfolio is built around a limited set of holdings, with large positions in consumer, auto and healthcare names, so stock selection can matter more than broad market direction.

Quick facts

Particular	Details
NAV	₹1,465.35 as of 02 Sep 2026
AUM	₹3,293 Cr
Expense Ratio	1.29%
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	Chanchal Khandelwal

The fund is managed by Chanchal Khandelwal.

Source data date: as of 02 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.88%	-3.01%
3M	4.30%	1.95%
1Y	-4.59%	-4.40%
3Y	7.86%	5.74%
5Y	6.57%	6.27%

The short-term picture is mixed. Over 1 month, the fund fell less than the benchmark, which tells us the recent dip was not as deep as the index move. Over 3 months, the fund recovered better than the benchmark and stayed ahead on that window.

The 1-year return is still negative, so the recent stretch has not fully repaired the earlier weakness. Even so, the fund is only slightly behind the benchmark over 1 year, which suggests its recent cycle has been more about mild underperformance than a sharp break from the market.

The longer record is steadier. The 3-year return is above the benchmark, and the 5-year return is also slightly ahead, so the fund has held up reasonably well across a fuller cycle. That pattern matters because it shows the weaker 1-year number is not the only lens here; the fund has still compounded positively over 3 and 5 years.

Overall, our view is that the fund has shown moderate long-term resilience with some short-term volatility. The time pattern also suggests the current run has been choppier than the older track record, so investors are better off reading the recent return weakness as a reminder of how uneven this style can be rather than as a full break from its longer trend.

Source data date: as of 02 Sep 2026

Should you BUY or HOLD Aditya Birla SL MNC?

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 MNC Fund Direct Growth Plan	-4.59%	7.86%	6.57%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.39%	36.34%	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	31.34%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.01%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.49%	Data not available	Data not available
Aditya Birla SL Mfg. Equity Fund Direct Growth Plan	26.54%	22.36%	15.89%

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

The fund’s 1-year return trails the strongest peer numbers by a wide margin, and even the more comparable healthcare and manufacturing peers have materially better recent performance. On the longer view, the picture is more balanced: the fund’s 3-year and 5-year returns are positive and compare reasonably with the only peer in this set that also shows longer-duration figures. That split tells us the fund’s recent weakness is more pronounced than its longer-term record.

So the peer set does not tell one simple story. Short-term returns point to a lagging patch, while the 3-year and 5-year numbers suggest the fund still has a defensible long-term compounding profile. For investors, that means the decision is less about chasing the best recent return and more about whether they are comfortable with a style that can lag sharply in some market phases but still recover over time.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Maruti Suzuki India Ltd.	Automobile & Ancillaries	5.40%
United Spirits Ltd.	Alcohol	4.16%
Hindustan Unilever Ltd.	FMCG	3.93%
Nestle India Ltd.	FMCG	3.75%
Gland Pharma Ltd.	Healthcare	3.34%
Schaeffler India Ltd.	Automobile & Ancillaries	3.33%
Britannia Industries Ltd.	FMCG	3.23%
Cummins India Ltd.	Automobile & Ancillaries	3.23%
Vedanta Aluminium Metal Ltd.	Non – Ferrous Metals	2.95%
Bosch Ltd.	Automobile & Ancillaries	2.65%

The single largest holding, Maruti Suzuki India Ltd., stands at 5.40%, so no one position dominates the fund outright. The tenth holding is 2.65%, which is not far below the top names, so the weights taper gradually rather than collapsing after the first few positions.

The top 10 holdings together account for approximately 35.97% of the portfolio, and the table already shows a fairly even spread across consumer, auto, healthcare and metals. With 59 disclosed holdings in total, the fund may be more diversified than the top holdings alone suggest, but the visible slice still indicates that a handful of positions could have greater influence on returns than a very broad portfolio would.

This mix points to a fund that is not narrowly concentrated in one stock, yet it is also not so spread out that the top names become insignificant. In our view, that balance can help the portfolio participate in different business themes, while still leaving enough stock-specific exposure for individual holdings to matter.

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

Source data date: as of 02 Sep 2026

Who should invest

This fund suits investors with a high risk tolerance and a long enough horizon to ride through uneven stretches. The 1-year return is negative, but the 3-year and 5-year returns are positive, so the pattern favors investors who can look beyond short-term fluctuations.

The main trade-off is that the fund can lag the benchmark in some periods, even though it has stayed slightly ahead over 3 and 5 years. Its portfolio leans toward a set of large individual positions across consumer, automobile and healthcare names, so the outcome may depend meaningfully on stock selection. That makes it more suitable for investors who can accept periods of underperformance in exchange for the possibility of steadier longer-run compounding.

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% on or before 90D; no exit load after the holding period.

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL MNC Fund Direct Growth Plan?
The current NAV is ₹1,465.35 as of 02 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -4.59%, the 3-year return is 7.86%, and the 5-year return is 6.57%.

How has the fund performed versus the benchmark?
It is slightly behind the Nifty 50 over 1 year, slightly ahead over 3 years, and slightly ahead over 5 years. The recent picture is weaker than the longer-run one.

How does it compare with the listed peer funds on recent returns?
Its 1-year return is below all five listed peers. On longer periods, its 3-year and 5-year returns are positive, but the peer set with longer-duration figures shown has stronger numbers on those same windows.

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

Who manages the fund and what is the exit load?
Chanchal Khandelwal manages the fund. The exit load is 1% on or before 90D, and there is no exit load after the holding period.

Bottom line

Aditya Birla SL MNC Fund Direct Growth Plan has a weaker 1-year showing than its 3-year and 5-year record, so the recent patch looks softer than the longer-term trend. Against the benchmark, the fund is slightly behind over 1 year but slightly ahead over 3 and 5 years. The High Risk tag fits the uneven profile, while the portfolio’s top holdings show a meaningful but not extreme concentration in consumer, auto and healthcare names. That combination is better suited to investors who can wait for the longer compounding cycle to play out.

Published on 4 September 2026 at 1:13 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.