Aditya Birla Sun Life Conglomerate Fund
The portfolio maintains a concentrated bet on India's industrial and infrastructure champions, with Reliance anchoring nearly a third of assets while cyclical plays in auto, construction, and metals dominate. Recent trimming of Reliance and selective exits like Titan suggest the manager is rotating from mega-cap resilience into broader conglomerate exposure, evidenced by nine new additions spanning steel, metals, and consumer segments. This tactical rebalancing signals conviction that India's capex-led growth story extends beyond oil majors into diversified industrial recovery.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹10.5800 | — | — | — | — | — | — |
| Regular Growth | ₹10.3800 | +4.11% | -1.33% | -5.46% | -0.95% | — | — |
| Direct IDCW | ₹10.5900 | — | — | — | — | — | — |
| Regular IDCW | ₹10.3800 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| JSW Steel Limited | 1.52% |
| Jubilant Foodworks Limited | 1.00% |
| CG Power and Industrial Solutions Limited | 0.71% |
| VEDANTA ALUMINIUM METAL LTD | 0.64% |
| Vedanta Limited | 0.47% |
| Tata Consultancy Services Limited | 0.46% |
| MALCO ENERGY LTD | 0.11% |
| TALWANDI SABO POWER LTD | 0.06% |
| VEDANTA IRON AND STEEL LTD | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Reliance Industries Limited INE002A01018 | 13.09% |
| 2 | Larsen & Toubro Limited INE018A01030 | 6.45% |
| 3 | Mahindra & Mahindra Limited INE101A01026 | 4.65% |
| 4 | Adani Enterprises Limited INE423A01024 | 4.25% |
| 5 | Tube Investments of India Limited INE974X01010 | 4.13% |
| 6 | Tech Mahindra Limited INE669C01036 | 3.79% |
| 7 | WELSPUN CORP LIMITED INE191B01025 | 3.44% |
| 8 | Grasim Industries Limited INE047A01021 | 3.43% |
| 9 | Adani Ports and Special Economic Zone Limited INE742F01042 | 3.38% |
| 10 | LTIMindtree Limited INE214T01019 | 2.95% |
| 11 | Bajaj Finance Limited INE296A01032 | 2.36% |
| 12 | Trent Limited INE849A01020 | 2.32% |
| 13 | Tata Capital Limited INE976I01016 | 2.26% |
| 14 | TVS HOLDINGS LIMTED INE105A01035 | 2.22% |
| 15 | UltraTech Cement Limited INE481G01011 | 2.17% |
| 16 | Adani Energy Solutions Limited INE931S01010 | 2.13% |
| 17 | Bajaj Finserv Limited INE918I01026 | 2.00% |
| 18 | Ambuja Cements Limited INE079A01024 | 1.98% |
| 19 | Arvind Limited INE034A01011 | 1.84% |
| 20 | Godrej Properties Limited INE484J01027 | 1.78% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.