Aditya Birla Sun Life Large & Mid Cap Fund
Aditya Birla Sun Life Mutual Fund·Large & Mid Cap Fund·vs Nifty LargeMidcap 250 TRI
The fund remains defensively positioned with a pronounced financials tilt—banks and finance together exceed 21 percent—suggesting confidence in rate-sensitive sectors. The manager is rotating into cyclicals and infrastructure plays via new positions in metals, power, and airports while trimming IT exposure, signaling conviction that the economic cycle favors capital-intensive sectors over software. This tactical shift, combined with a measured 3.1 percent cash buffer, indicates selective opportunism rather than aggressive deployment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹890.6900 | +0.99% | -3.49% | -2.90% | +2.65% | +13.29% | +10.43% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
75
Top 5 Weight
17.66%
Top 10 Weight
29.49%
Active Share
—
Large Cap
42.50%
Gini
0.346
What Changed2026-03-31 → 2026-04-30
Holdings: 75 → 76+5 added−3 removed27 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| GMR Airport Ltd | 1.30% |
| VEDANTA ALUMINIUM METAL LTD | 0.54% |
| MALCO ENERGY LTD | 0.09% |
| TALWANDI SABO POWER LTD | 0.05% |
| VEDANTA IRON AND STEEL LTD | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 4.40% |
| 2 | State Bank of India INE062A01020 | 3.90% |
| 3 | AU Small Finance Bank Limited INE949L01017 | 3.44% |
| 4 | Clearing Corporation of India Limited nan | 3.06% |
| 5 | JK Cement Limited INE823G01014 | 2.86% |
| 6 | APL Apollo Tubes Limited INE702C01027 | 2.58% |
| 7 | Max Financial Services Limited INE180A01020 | 2.45% |
| 8 | Jindal Steel & Power Limited INE749A01030 | 2.29% |
| 9 | KEI Industries Limited INE878B01027 | 2.28% |
| 10 | Navin Fluorine International Limited INE048G01026 | 2.22% |
| 11 | Hindalco Industries Limited INE038A01020 | 2.21% |
| 12 | Astral Limited INE006I01046 | 2.05% |
| 13 | Bharat Electronics Limited INE263A01024 | 2.05% |
| 14 | Varun Beverages Limited INE200M01039 | 1.98% |
| 15 | Samvardhana Motherson International Limited INE775A01035 | 1.95% |
| 16 | Minda Industries Ltd INE405E01023 | 1.95% |
| 17 | Bajaj Finance Limited INE296A01032 | 1.85% |
| 18 | Ajanta Pharmaceuticals Limited INE031B01049 | 1.76% |
| 19 | TVS Motor Company Limited INE494B01023 | 1.72% |
| 20 | Titan Company Limited INE280A01028 | 1.71% |
Sector Allocation
Banks14.6%
Industrial Products6.9%
Finance6.9%
Auto Components6.5%
Retailing4.9%
Pharmaceuticals & Biotechnology4.5%
IT - Software4.3%
nan4.0%
Healthcare Services3.9%
Insurance3.8%
Top 10 sectors by % to NAV. Excludes derivatives.