Funds/Equity Savings/Aditya Birla Sun Life Equity Savings Fund

Aditya Birla Sun Life Equity Savings Fund

Aditya Birla Sun Life Mutual Fund·Equity Savings·vs Nifty Equity Savings TRI

The manager maintains a conservative tilt toward large-cap financials, with banks representing over a quarter of equity exposure, while deploying roughly 15% in internal liquidity and debt funds to cushion volatility. Recent exits from Bajaj Finance and HAL suggest a deliberate shift away from elevated valuations, offset by selective entry into RBL Bank and Union Bank, signaling confidence in the banking sector's resilience despite macro headwinds. The modest cash buildup and sectoral stability indicate a holding pattern rather than aggressive repositioning.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹25.3300	—	—	—	—	—	—
Regular Growth	₹22.7700	+0.09%	-0.39%	+0.44%	+5.22%	+8.62%	+7.30%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

112

Top 5 Weight

26.61%

Top 10 Weight

42.50%

Active Share

—

Large Cap

45.20%

Gini

0.627

What Changed2026-03-31 → 2026-04-30

Holdings: 117 → 113+2 added−6 removed37 weight shifts ≥ 0.1%

Stock	Sector	Weight
Patanjali Foods Limited	Agricultural Food & other Products	1.56%
Union Bank of India (15/03/2027) ** #	ICRA A1+	1.30%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	ICICI Bank Limited INE090A01021	Banks	EQUITY	7.06%
2	HDFC Bank Limited INE040A01034	Banks	EQUITY	6.62%
3	Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan INF209K01VA3	nan	MUTUAL_FUND	4.70%
4	Reliance Industries Limited INE002A01018	Petroleum Products	EQUITY	4.24%
5	RBL Bank Limited INE976G01028	Banks	EQUITY	3.98%
6	Clearing Corporation of India Limited nan	nan	CASH_EQUIVALENT	3.84%
7	Aditya Birla Sun Life Money Manager Fund - Growth - Direct Plan INF209K01UU3	nan	MUTUAL_FUND	3.80%
8	Kotak Mahindra Bank Limited INE237A01036	Banks	EQUITY	2.83%
9	Mahindra & Mahindra Limited INE101A01026	Automobiles	EQUITY	2.81%
10	GMR Airport Ltd INE776C01039	Transport Infrastructure	EQUITY	2.62%
11	Adani Ports and Special Economic Zone Limited INE742F01042	Transport Infrastructure	EQUITY	2.62%
12	State Bank of India INE062A01020	Banks	EQUITY	2.50%
13	National Bank For Agriculture and Rural Development (19/01/2027) ** # INE261F16AE9	ICRA A1+	DEBT	2.19%
14	Export Import Bank of India (01/03/2027) ** # INE514E16CP6	ICRA A1+	DEBT	2.17%
15	National Bank for Financing Infrastructure and Dev (04/03/2027) ** # INE0KUG16020	IND A1+	DEBT	2.17%
16	Government of India (13/11/2030) IN0020230135	Sovereign	DEBT	1.88%
17	Government of India (14/08/2033) IN0020230085	Sovereign	DEBT	1.87%
18	Bajaj Finance Limited INE296A01032	Finance	EQUITY	1.70%
19	Patanjali Foods Limited INE619A01035	Agricultural Food & other Products	EQUITY	1.56%
20	Government of India (17/04/2030) IN0020230036	Sovereign	DEBT	1.52%

Sector Allocation

Banks26.1%

nan15.1%

Sovereign8.3%

Transport Infrastructure5.9%

ICRA A1+5.7%

Petroleum Products4.2%

Automobiles3.4%

Finance3.2%

Telecom - Services2.6%

Realty2.3%

Top 10 sectors by % to NAV. Excludes derivatives.