Aditya Birla Sun Life Multi Asset Allocation Fund
The portfolio maintains a balanced multi-asset stance with substantial equity exposure anchored by banking sector conviction—nearly 15% allocation signals confidence in financial stocks amid economic growth. The manager's recent pivot toward government securities and rural development financing (NABARD, SIDBI entries replacing REC) suggests a tactical shift toward lower-risk debt instruments, likely reflecting caution on rate trajectories while preserving the 20% defensive moat through gold, silver, and cash. This rebalancing indicates the manager is protecting downside while selectively maintaining equity exposure to quality blue-chips and domestic cyclicals.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹17.2323 | — | — | — | — | — | — |
| Regular Growth | ₹16.4529 | +1.95% | -1.84% | +3.91% | +14.31% | +16.62% | — |
| Direct IDCW | ₹15.5781 | — | — | — | — | — | — |
| Regular IDCW | ₹13.8537 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| 7.44% National Bank For Agriculture and Rural Development (17/07/2029) | 0.38% |
| 6.74% Small Industries Development Bank of India (10/01/2029) ** | 0.37% |
| State Government Securities (22/04/2034) | 0.38% |
| Union Bank of India (15/03/2027) ** # | 0.36% |
| ICICI Bank Limited (25/03/2027) ** # | 0.36% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Aditya Birla Sun Life Gold ETF INF209KB18D3 | 10.22% |
| 2 | ICICI Bank Limited INE090A01021 | 4.14% |
| 3 | Axis Bank Limited INE238A01034 | 3.25% |
| 4 | ADITYA BIRLA SUN LIFE SILVER ETF INF209KB19F6 | 2.99% |
| 5 | Reliance Industries Limited INE002A01018 | 2.54% |
| 6 | Clearing Corporation of India Limited nan | 2.37% |
| 7 | Bharti Airtel Limited INE397D01024 | 2.17% |
| 8 | Infosys Limited INE009A01021 | 2.15% |
| 9 | Larsen & Toubro Limited INE018A01030 | 2.08% |
| 10 | Margin (Future and Options) nan | 1.99% |
| 11 | Government of India (16/02/2031) IN0020250141 | 1.96% |
| 12 | HDFC Bank Limited INE040A01034 | 1.86% |
| 13 | Hindustan Unilever Limited INE030A01027 | 1.83% |
| 14 | Kotak Mahindra Bank Limited INE237A01036 | 1.67% |
| 15 | Bank of Maharashtra INE457A01014 | 1.64% |
| 16 | Thermax Limited INE152A01029 | 1.60% |
| 17 | Tech Mahindra Limited INE669C01036 | 1.40% |
| 18 | Hindalco Industries Limited INE038A01020 | 1.29% |
| 19 | State Bank of India INE062A01020 | 1.26% |
| 20 | Eternal Limited INE758T01015 | 1.25% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.