Aditya Birla Sun Life Special Opportunities Fund
Direct · GrowthAI Summary
Aditya Birla Sun Life Special Opportunities Fund has delivered strong SIP XIRR of 20.20% over 3Y and 17.44% over 5Y, beating the category averages of 16.82% and 16.95% respectively. Against the NIFTY 50, the fund shows positive alpha across all periods, with 1Y alpha of 20.26% and 3Y alpha of 13.31%, though alpha narrows to 2.78% over 15Y. Lump-sum CAGR of 21.02% over 3Y versus the benchmark's 7.75% reflects substantial outperformance in recent periods.
The fund exhibits a beta near 0.95 with consistently low downside capture (79.71% to 89.6% across periods), indicating it has fallen less than the NIFTY 50 during market declines. Calmar ratios of 0.88 to 0.96 across 1Y, 3Y, and 5Y windows suggest reasonable risk-adjusted returns, though the maximum drawdown recovery took 378 days after a 245-day drawdown period. Three drawdown events exceeding 10% highlight that meaningful interim losses are possible despite strong long-term returns.
The portfolio holds 61 stocks with a diversified top-10 accounting for roughly 33% of NAV, led by Aditya Infotech at 7.35% and Bharti Airtel at 4.53%. Banks form the largest sector exposure at 15.1%, followed by Industrial Manufacturing at 7.9% and Finance at 6.3%, giving a financials-heavy tilt (Banks plus Finance at 21.4%). Holdings span telecom, metals, beverages, IT, and capital markets, reflecting the fund's special opportunities, opportunity-driven mandate rather than a single-theme bet.
The fund outperforms the category average SIP XIRR across all available windows, including 1Y (18.91% vs 14.1%), 3Y (20.20% vs 16.82%), and 5Y (17.44% vs 16.95%). Calendar year returns show strong consistency, with positive returns in six of the last seven years and only a marginal -0.62% in 2022. Its sustained alpha over benchmark across 1Y through 15Y periods supports a view of durable relative performance versus peers.
This fund suits investors with high risk tolerance seeking thematic or opportunity-focused satellite exposure, not a core large-cap holding. A time horizon of at least 5 years is advisable, given the sectoral/thematic category's higher volatility and the 378-day recovery from its maximum drawdown. Investors should be comfortable with interim drawdowns exceeding 10% and should cap allocation to a modest share of their equity portfolio.
- SIP XIRR of 20.20% (3Y) and 17.44% (5Y) comfortably beats category averages of 16.82% and 16.95%
- Consistently low downside capture (79.71% to 89.6%) versus NIFTY 50, cushioning losses in weak markets
- Positive alpha across every period from 1Y (20.26%) to 15Y (2.78%), indicating persistent benchmark outperformance
- Financials-heavy exposure with Banks plus Finance at 21.4% of NAV creates sector concentration risk
- Long recovery from maximum drawdown (378 days) and three drawdown events above 10% signal meaningful interim volatility
- Alpha has narrowed over longer horizons, from 20.26% at 1Y to 2.78% at 15Y, suggesting outperformance is concentrated in recent years
Generated on 11-09-2026, 3:22 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.86 L | 18.9% | -25.3% | 69.1% |
| 3 Years | ₹36.00 L | ₹47.68 L | 20.2% | 7.8% | 32.9% |
| 5 Years | ₹60.00 L | ₹92.56 L | 17.4% | 12.0% | 20.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 18.9% | 14.4% | 14.1% | +4.5% |
| 3 Years | 20.2% | 11.1% | 16.8% | +9.1% |
| 5 Years | 17.4% | 10.4% | 16.9% | +7.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.3% | 14.8% | -8.1% | 65.5% | 0.74 | 3.34 | 89% | — | — |
| 3 Years | 19.5% | 20.0% | 11.4% | 24.0% | 5.35 | — | 100% | — | — |
| 5 Years | 17.8% | 17.1% | 15.2% | 23.0% | 5.61 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +20.26 | 0.95 | 105.5% | 79.7% | 17.8% | -2.9% |
| 3 Years | +13.31 | 0.97 | 103.6% | 87.5% | 21.0% | 7.8% |
| 5 Years | +7.78 | 0.96 | 99.0% | 89.6% | 15.6% | 7.8% |
| 7 Years | +7.00 | 0.93 | 97.0% | 86.9% | 17.5% | 10.9% |
| 10 Years | +4.55 | 0.93 | 97.0% | 86.9% | 12.0% | 7.5% |
| 12 Years | +3.66 | 0.93 | 97.0% | 86.9% | 9.9% | 6.2% |
| 15 Years | +2.78 | 0.93 | 97.0% | 86.9% | 7.8% | 4.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Aditya Infotech Ltd | 7.35% |
| 2 | Bharti Airtel Limited | 4.53% |
| 3 | Shriram Finance Ltd | 3.64% |
| 4 | ICICI Bank Limited | 3.54% |
| 5 | Bank of Maharashtra | 3.00% |
| 6 | Billionbrains Garage Ventures Ltd | 2.61% |
| 7 | Axis Bank Limited | 2.54% |
| 8 | Vedanta Aluminium Metal Ltd | 2.29% |
| 9 | Varun Beverages Limited | 2.10% |
| 10 | Infosys Limited | 2.02% |