April 2, 2026
RA Jainee
Aditya Birla (ABSL) Conglomerate Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 9.37 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 9.37 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 1,000 |
| Min. No of Cheques | 6 |
| Benchmark | BSE Select Business Groups TRI |
| AUM Rs. | 1,636 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.75% |
| 1 Year Return (%) | -5.35 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -5.04% |
⚖️ Sahifund Review – Aditya Birla Sun Life Conglomerate Fund ✔
✓ PLUS: Aditya Birla Sun Life Conglomerate Fund is backed by the credible house of Aditya Birla Sun Life Mutual Fund and offers investors a differentiated way to participate in large business groups across sectors. Its expense ratio of 0.75% is relatively reasonable for a thematic strategy, while the portfolio still has 41 stocks, which provides some diversification within the theme. The fund can appeal to investors who believe in India’s large diversified corporate groups and want a SIP-based satellite allocation rather than a plain diversified equity fund.
⚖️ MINUS: The biggest concern is performance and maturity — the fund is too new to establish long-term credibility, and its 1-year return of -5.35% with negative since-launch return clearly shows that momentum has been weak so far. The portfolio is also tilted heavily toward large-cap names (71.19%), which can make it behave more like a thematic large-cap strategy than a true high-alpha idea. With Top 10 holdings at 54.27%, concentration is meaningful, and investors should remember that theme-based funds can underperform diversified funds for long stretches.
Sahifund View:
Interesting as a tactical theme, but currently too early and too unproven to deserve serious long-term core allocation.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
• They have a narrow investment focus
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1) Invest only through SIP
2) Have a 7+ year investment horizon
3) Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The Scheme seeks to achieve long term capital appreciation by investing in equity and equity related securities of companies that follow conglomerate theme.
Fund Manager:
1) Harish Krishnan
Education: Mr. Krishnan is a Graduate from Government Engineering College Trichur and MBA from IIM Kozhikode
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has also worked at Kotak Mahindra Mutual Fund, Infosys Technologies Ltd in his earlier stint.
2) Kunal Sangoi
Education: Mr. Sangoi is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Aditya Birla Sun Life AMC he has worked with Edelweiss Financial Services Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 90 days |
Basic Details of Aditya Birla (ABSL) Conglomerate Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 27-Dec-24 |
| Return Since Launch | -5.04% |
| Benchmark | BSE Select Business Groups TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 1,636 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.75% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Aditya Birla (ABSL) Conglomerate Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Conglomerate Dir | -15.05 | 0.00 | -11.02 | -15.05 | -11.69 | -5.35 | — | — | — | — |
| BSE 500 TRI | -13.94 | -2.28 | -11.37 | -13.94 | -9.62 | -3.11 | — | — | — | — |
Peer Comparison of Aditya Birla (ABSL) Conglomerate Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL Conglomerate Dir | Unrated | -5.35 | — | — | 0.75 | 1,636 | -5.04 | 0.50 (90) | 1Y 3M | — |
| ICICI Pru India Opportunities Dir | Unrated | 1.67 | 20.76 | 21.97 | 0.67 | 35,666 | 19.69 | 1.00 (365) | 7Y 2M | 65.00 |
| Franklin India Opportunities Dir | Unrated | -0.33 | 24.14 | 18.76 | 0.58 | 8,428 | 16.33 | 1.00 (365) | 13Y 3M | 58.28 |
| HDFC Defence Dir | Unrated | 11.48 | — | — | 0.83 | 8,097 | 33.13 | 1.00 (365) | 2Y 9M | 17.21 |
| Sundaram Services Dir | Unrated | -1.45 | 14.76 | 15.77 | 0.69 | 4,614 | 17.20 | 1.00 (365) | 7Y 6M | 31.40 |
Portfolio Analysis of Aditya Birla (ABSL) Conglomerate Fund
| No. of Stocks | 41 |
| Top 10 Stocks | 54.27% |
| Top 5 Stocks | 38.44% |
| Top 3 Sectors | 58.94% |
| Portfolio P/B Ratio | 3.35 |
| Portfolio P/E Ratio | 28.21 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,84,296 | 1,39,237 |
| Giant (%) | — | — |
| Large (%) | 71.19 | 53.25 |
| Mid (%) | 9.49 | 29.30 |
| Small (%) | 19.32 | 20.06 |
| Tiny (%) | — | — |
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now OR https://mutualfund.adityabirlacapital.com/portal/investor/login
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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