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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹17.3346 | — | — | — | — |
| Regular Growth | ₹16.5500 | +0.73% | +14.06% | +16.70% | — |
| Direct IDCW | ₹15.6705 | — | — | — | — |
| Regular IDCW | ₹13.9354 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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.
Frequently Asked Questions
How many stocks does Aditya Birla Sun Life Multi Asset Allocation Fund hold?
Aditya Birla Sun Life Multi Asset Allocation Fund holds 107 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.12% of NAV.
What is the largest holding in Aditya Birla Sun Life Multi Asset Allocation Fund?
The largest position in Aditya Birla Sun Life Multi Asset Allocation Fund is Aditya Birla Sun Life Gold ETF, accounting for 10.22% of NAV in the nan sector.
Is Aditya Birla Sun Life Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.462, Aditya Birla Sun Life Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 23,306 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.12% of the portfolio.
What is the market cap allocation of Aditya Birla Sun Life Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Aditya Birla Sun Life Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 40.98%, Mid Cap: 16.54%, Small Cap: 5.57%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Aditya Birla Sun Life Multi Asset Allocation Fund invest in most?
Aditya Birla Sun Life Multi Asset Allocation Fund has the highest allocation to nan (17.79%), Banks (14.77%), IT - Software (5.21%). The fund is invested across 37 sectors in total.
How actively managed is Aditya Birla Sun Life Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Aditya Birla Sun Life Multi Asset Allocation Fund has an Active Share of 66.27%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Aditya Birla Sun Life Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Aditya Birla Sun Life Multi Asset Allocation Fund added 5 new stocks (including 7.44% National Bank For Agriculture and Rural Development (17/07/2029)) and exited 1 stock (including 7.44% REC Limited (30/04/2026)). Total holding count increased from 105 to 108 stocks.