Aditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Aditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth Plan has a NAV of ₹13.335 as of 16 Sep 2026 and scheme AUM of ₹6,821 Cr. Its 1-year, 3-year and 5-year returns are 5.97%, 7.2% and 0% respectively, and the fund is in the Low Risk category. In our view, this is a conservative index fund with a short-to-medium horizon profile, but the return pattern remains modest rather than standout.

Benchmark behaviour has been uneven, while the fund’s own recent trend is steadier than the benchmark’s. That makes it more suitable for investors who value lower volatility and can accept limited upside in exchange for a debt-heavy, dated-portfolio structure.

Quick facts

Particular	Details
NAV	₹13.335 as of 16 Sep 2026
AUM	₹6,821 Cr
Expense Ratio	0.2%
Launch Date	24 Sep 2021
Min SIP	₹500
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Mohit Sharma

The fund is managed by Mohit Sharma.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.43%	-4.41%
3M	1.39%	-3.6%
1Y	5.97%	-7.76%
3Y	7.2%	5.74%
5Y	Data not available	Data not available

The fund has stayed positive across the shorter windows, which signals a steadier return path than the benchmark’s swings. Over 1 month and 3 months, the benchmark was negative while the fund remained marginally positive, so the fund absorbed that weak patch better.

The 1-year return of 5.97% is comfortably ahead of the benchmark’s -7.76%, which tells us the fund has held up much better over the last year. That said, the 3-year return of 7.2% is only moderately ahead of the benchmark’s 5.74%, so the longer arc is less dramatic than the one-year snapshot.

We also see a difference between the recent and medium-term patterns. The one-year path improved after a weak stretch, and the 3-year trend has been more orderly than the benchmark’s. Even so, the return profile remains restrained for an index fund-style product, so our view is that the fund is doing more of a preservation-and-carry role than a high-growth role.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Aditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index?

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 Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth Plan	5.97%	7.2%	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	29.31%	30.01%	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	21.45%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	21.13%	Data not available	Data not available
Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan	20.68%	Data not available	Data not available
ICICI Pru Nifty Pharma Index Fund Direct Growth Plan	17.57%	18.84%	Data not available

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

On 1-year returns, the fund trails several peers that have delivered much stronger gains, especially the Nasdaq and sector-focused index funds in the list. Its 3-year return is also lower than the strongest available peer comparisons, although it remains positive and steadier than the benchmark over the same span.

The peer picture is mixed because several funds do not have 3-year or 5-year figures available. Even so, the available numbers suggest the fund sits in a lower-return, steadier-return bucket relative to the more growth-oriented peers shown here. The short-term comparison looks weaker than the longer-term comparison, but the fund’s more defensive construction still matters for investors who prefer consistency over higher swings.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
State Government Securities (14/09/2026)	Government Securities	13.69%
Reverse Repo	Cash & Cash Equivalents and Net Assets	12.84%
NTPC Ltd. (23/09/2026) **	Commercial Paper	10.59%
State Government Securities (28/09/2026)	Government Securities	9.8%
TREPS	Cash & Cash Equivalents and Net Assets	7.68%
Export-Import Bank of India (07/09/2026) **	Commercial Paper	5.49%
REC Ltd. (21/09/2026) **	Commercial Paper	5.11%
7.44% Small Industries Development Bank of India (04/09/2026) **	Corporate Debt	4.63%
182 Day T-Bill 03.09.26	Treasury Bills	4.18%
182 Day T-Bill 10.09.26	Treasury Bills	3.66%

The largest holding is State Government Securities (14/09/2026) at 13.69%, so no single position dominates the portfolio by itself. The drop from the first holding to the tenth is fairly controlled, moving from 13.69% to 3.66%, which suggests a diversified ladder rather than a one-position concentration.

Even so, the top 10 holdings together account for 77.67% of the portfolio, and the full disclosed list contains 20 holdings. That means the fund is meaningfully spread across multiple instruments, but the visible slice is still concentrated enough that the larger positions could have greater influence on short-term outcomes.

Because the portfolio mixes government securities, cash-like holdings, commercial paper, corporate debt and treasury bills, the fund may behave more like a conservative income-oriented structure than a return-chasing equity product. The allocation profile could help keep volatility in check, but it may also limit upside when risk assets rally.

To see all holdings, visit the Aditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who are comfortable with low risk and want a steadier, debt-heavy return pattern rather than equity-like growth. The 1-year, 3-year and benchmark figures point to a product that has been more resilient than the benchmark, but not especially powerful on absolute returns.

A medium-term horizon is more appropriate than a very short one, because the portfolio carries dated securities and credit exposure that need time to play out. The main trade-off is simple: lower volatility and more orderly behaviour, but limited upside compared with stronger-performing peer funds in the comparison set.

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: No exit load.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Aditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth Plan?

The current NAV is ₹13.335 as of 16 Sep 2026.

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

Its 1-year return is 5.97%, its 3-year return is 7.2%, and its 5-year return is not available.

How does the fund compare with its benchmark?

The fund has outpaced the benchmark across the available periods we can compare. The clearest gap is over 1 year, where the fund is positive while the benchmark is negative.

How does it compare with the peer funds shown here?

Its 1-year return is below several of the peer funds shown here, while its 3-year return is also more modest than the strongest available peer figures. The comparison points to a steadier but less aggressive return profile.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What is the fund’s risk category and who manages it?

The fund is in the Low Risk category and is managed by Mohit Sharma. The portfolio is concentrated in government securities, cash-like instruments and short-dated debt positions.

Bottom line

This fund’s recent behaviour is steadier than the benchmark, but its longer-term return profile is still moderate rather than strong. Against the peer set, the available figures show it lagging the more growth-focused funds while remaining consistent with a defensive, income-oriented structure. The Low Risk label and the mix of government securities, cash equivalents and short-dated paper make it more suitable for conservative investors who value stability. The trade-off is clear: lower volatility and orderly portfolio construction, with limited upside potential.

Published on 17 September 2026 at 11:42 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.