Aditya Birla Sun Life Value Fund
Direct · GrowthAI Summary
Aditya Birla Sun Life Value Fund has delivered strong outperformance versus its benchmark, the NIFTY50 VALUE 20, with a 1Y alpha of 20.79% and a 5Y alpha of 9.00%. Its 1Y SIP XIRR of 24.06% comfortably beats the category average of 17.71%, though longer-term XIRRs of 16.44% (3Y) and 14.41% (5Y) trail category averages of 17.43% and 16.74% respectively. The fund's 3Y lump-sum CAGR of 17.28% versus the benchmark's 6.01% highlights consistent benchmark-beating ability across most periods.
The fund shows a favorable risk profile with a maximum drawdown of just -0.57% (though it took 798 days to recover, with 477 days to regain the peak), and downside capture below 100% across all periods, ranging from 81.92% (15Y) to 92.44% (3Y). Beta has declined from 1.04 (1Y) to 0.87 (15Y), indicating the fund has become progressively less volatile than the benchmark over longer horizons. Calmar ratios between 0.23 and 0.39 across periods reflect reasonable risk-adjusted returns, aided by strong upside capture in recent years (112.47% over 1Y).
The portfolio holds 65 stocks with a well-diversified top 10, where no single position exceeds 3.85% of NAV. Banks dominate at 14.2% of assets, with four banks (SBI, ICICI, HDFC, Axis) among the top five holdings, followed by IT-Software at 9.3% and Auto Components at 7.7%. This financials-heavy tilt is typical of value strategies but adds sector concentration risk.
The fund leads its category meaningfully in the short term, with a 1Y XIRR of 24.06% versus the category's 17.71%, but lags over 3Y, 5Y, 7Y, 10Y, and 12Y horizons by roughly 1-2.3 percentage points. Calendar year returns show high dispersion, ranging from -22.25% in 2018 to +97.64% in 2014, indicating a cyclical performance pattern typical of value investing. Recent years (2023: 43.38%, 2024: 18.72%) suggest the value style is currently in favor.
This fund suits investors with a high risk tolerance and a long time horizon of at least 5-7 years, given the wide year-to-year return swings inherent to value investing. It works well as a satellite holding for investors seeking benchmark outperformance with lower downside capture, rather than as a core large-cap substitute. SIP investors benefit from the fund's strong recent XIRR performance, but should be prepared for extended underperformance phases versus the category.
- Consistent alpha generation versus the NIFTY50 VALUE 20 benchmark, with positive alpha across all measured periods from 1Y (20.79%) to 15Y (5.34%)
- Strong downside protection with downside capture below 93% across all periods, cushioning losses in falling markets
- Well-diversified 65-stock portfolio with no single holding above 3.85% of NAV
- SIP XIRR trails category averages over 3Y through 12Y horizons, lagging the 5Y category average of 16.74% with a fund XIRR of 14.41%
- Heavy banking and financial services exposure (Banks 14.2% plus Finance 6.9%) creates sector concentration risk
- Highly volatile calendar-year returns, including -22.25% in 2018 and -9.88% in 2019, demand a long investment horizon
Generated on 06-09-2026, 8:02 PM. 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 | ₹12.84 L | 24.1% | -63.6% | 207.4% |
| 3 Years | ₹36.00 L | ₹47.57 L | 16.4% | -34.5% | 38.2% |
| 5 Years | ₹60.00 L | ₹85.43 L | 14.4% | -17.4% | 36.1% |
| 7 Years | ₹84.00 L | ₹1.34 Cr | 13.7% | -4.7% | 24.0% |
| 10 Years | ₹1.20 Cr | ₹2.62 Cr | 15.3% | 11.4% | 19.0% |
| 12 Years | ₹1.44 Cr | ₹3.75 Cr | 15.2% | 12.4% | 18.6% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY50 VALUE 20 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 24.1% | 15.1% | 17.7% | +9.0% |
| 3 Years | 16.4% | 13.0% | 17.4% | +3.4% |
| 5 Years | 14.4% | 13.6% | 16.7% | +0.8% |
| 7 Years | 13.7% | 13.3% | 16.1% | +0.4% |
| 10 Years | 15.3% | 13.6% | 16.6% | +1.7% |
| 12 Years | 15.2% | 14.2% | 16.4% | +1.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 22.3% | 14.1% | -41.9% | 124.3% | 0.48 | 1.52 | 76% | — | — |
| 3 Years | 17.0% | 19.0% | -15.2% | 45.9% | 0.85 | 2.17 | 88% | — | — |
| 5 Years | 14.7% | 12.7% | -3.5% | 32.9% | 0.91 | 5.06 | 99% | — | — |
| 10 Years | 15.8% | 15.1% | 11.5% | 20.9% | 3.62 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY50 VALUE 20
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +20.79 | 1.04 | 112.5% | 85.9% | 14.8% | -5.5% |
| 3 Years | +11.29 | 1.04 | 106.8% | 92.4% | 17.3% | 6.0% |
| 5 Years | +9.00 | 0.99 | 101.4% | 90.5% | 15.7% | 6.7% |
| 7 Years | +6.48 | 0.91 | 93.0% | 85.2% | 18.5% | 12.5% |
| 10 Years | +1.33 | 0.89 | 90.4% | 87.4% | 12.9% | 12.1% |
| 12 Years | +4.10 | 0.88 | 89.8% | 83.8% | 13.9% | 10.2% |
| 15 Years | +5.34 | 0.87 | 89.6% | 81.9% | 15.3% | 10.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Shriram Finance Ltd | 3.85% |
| 2 | State Bank of India | 3.53% |
| 3 | ICICI Bank Limited | 3.34% |
| 4 | HDFC Bank Limited | 3.34% |
| 5 | Axis Bank Limited | 3.25% |
| 6 | WELSPUN CORP LIMITED | 3.23% |
| 7 | Minda Corporation Limited | 3.15% |
| 8 | Reliance Industries Limited | 3.12% |
| 9 | Infosys Limited | 2.91% |
| 10 | Apollo Hospitals Enterprise Limited | 2.68% |