Aditya Birla Sun Life Large Cap Fund
The fund maintains a heavily concentrated large-cap positioning with banks dominating at over 26 percent of assets, signaling conviction in financial sector stability and growth. The manager's recent shift toward commodities exposure—adding aluminium, steel, and power plays—suggests a tactical pivot to benefit from infrastructure-led growth and energy transition themes. This tilt away from defensive IT and insurance holdings indicates increased appetite for cyclical sectors, though the high top-10 concentration of 45 percent leaves limited room for nimble sector rotation.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹493.6200 | -1.57% | -7.61% | -9.22% | -3.98% | +11.58% | +11.80% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| VEDANTA ALUMINIUM METAL LTD | 0.41% |
| MALCO ENERGY LTD | 0.07% |
| TALWANDI SABO POWER LTD | 0.04% |
| VEDANTA IRON AND STEEL LTD | 0.02% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 7.13% |
| 2 | HDFC Bank Limited INE040A01034 | 6.79% |
| 3 | Reliance Industries Limited INE002A01018 | 5.63% |
| 4 | Infosys Limited INE009A01021 | 4.24% |
| 5 | State Bank of India INE062A01020 | 3.87% |
| 6 | Axis Bank Limited INE238A01034 | 3.83% |
| 7 | Larsen & Toubro Limited INE018A01030 | 3.79% |
| 8 | Bharti Airtel Limited INE397D01024 | 3.56% |
| 9 | Kotak Mahindra Bank Limited INE237A01036 | 3.55% |
| 10 | Mahindra & Mahindra Limited INE101A01026 | 3.24% |
| 11 | NTPC Limited INE733E01010 | 2.21% |
| 12 | Eternal Limited INE758T01015 | 2.09% |
| 13 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.95% |
| 14 | Hindalco Industries Limited INE038A01020 | 1.79% |
| 15 | SBI Life Insurance Company Limited INE123W01016 | 1.74% |
| 16 | Titan Company Limited INE280A01028 | 1.51% |
| 17 | Bajaj Auto Limited INE917I01010 | 1.42% |
| 18 | Godrej Consumer Products Limited INE102D01028 | 1.40% |
| 19 | UltraTech Cement Limited INE481G01011 | 1.37% |
| 20 | Bajaj Finance Limited INE296A01032 | 1.37% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.