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ReviewDirect · GrowthPrefer peers first

Aditya Birla Sun Life Midcap Fund

Aditya Birla Sun Life Mutual Fund Equity Scheme - Mid Cap Fund13.8 years

The scheme aims at long-term growth of capital at controlled level of risk by investing primarily in mid-cap stocks, to generate returns higher than a fund focused on large and liquid stocks. A small portion of the portfolio may be kept in call & money market instruments in order to meet the liquidity needs.

NAV: 875.73; 30 Oct 2026
1Y: -2.5%; Trailing CAGR
Upside capture: +90%; Vs NIFTY MIDCAP 150 TRI
Downside capture: +97%; Lower is better

NAV path pending

Buying brief

Should you add this fund?

Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.

As of 30 Oct 2026

Stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

In three lines

Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Axis Midcap Fund if you want a same-category peer with stronger evidence.

Buy checklist

History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.22% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -45.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
24% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Vishal Gajwani · 2.0 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 26.5% of the portfolio.

Browse category

Same-category peers are preloaded into compare when available.

Before you buy or SIP

Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.

Drawdown rehearsal
This scheme’s worst fall on file is about 45%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.

NAV

Path not in current snapshots

n/a

Returns

Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.

Trailing CAGR

Point-to-point, calendar-day annualized

1Y-2.5%
3Y+13.3%
5Y+11.6%
10Y+12.5%
SI+15.4%

SIP XIRR

Equal monthly instalments to latest NAV

1Y-3.2%
3Y+4.4%
5Y+11.5%
10Y+14.3%

Since inception: +15.4%; Calendar-day CAGR
Excess 1Y: +0.1%; Category median, same plan and option
3Y win rate: +24%; Windows beating the median
3Y percentile: 41; Vs comparable share classes
SIP 3Y XIRR: +4.4%; Simulated monthly SIP
Worst rolling 3Y: -11.5%; 2654 daily-ending windows
Median rolling 3Y: +19.5%; Calendar-day CAGR
Positive rolling 5Y: +99%; 2161 daily-ending windows

Official benchmark

Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 30 Oct 2026.

1Y excess: +1.8%; Fund minus TRI
3Y excess: -0.5%; Fund minus TRI
Upside capture: +90%; Benchmark-up months
Downside capture: +97%; Lower is better

Drawdown

Peak to trough from a running NAV high, with the path and recovery episodes.

Max drawdown: -45.1%; Worst peak-to-trough
Current: -10.7%; Below last peak
Current spell: 65 days; Days below latest peak
Time below peak: +88%; NAV observations

Drawdown

Path not in current snapshots

n/a

Average recovery: 17 days; 143 recovered episodes
Longest recovery: 475 days; Trough to prior peak

8 Jan 2018 – 11 Jan 2021
Trough 24 Mar 2020 · recovered in 293 days
-45.1%
7 Jan 2013 – 5 Mar 2014
Trough 28 Aug 2013 · recovered in 189 days
-24.9%
1 Oct 2024 – 18 Jun 2026
Trough 28 Feb 2025 · recovered in 475 days
-21.9%
5 Aug 2015 – 4 Jul 2016
Trough 26 Feb 2016 · recovered in 129 days
-20.8%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
41
Vs category
51
Consistency
35
Risk-adjusted
56
Drawdown
0
Mean
37

Decision

Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.

Review

Buying stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

Risk-adjusted return sits above the documented risk-free proxy.

Portfolio

30 Sept 2026 · 79 holdings · top 10 are 26.5%.

Top 5: 14.6%
Top 10: 26.5%
Largest holding: 3.0%
Effective holdings: 60.8

The Federal Bank Ltd
Financial
3.0%
APL Apollo Tubes Ltd
Industrials
3.0%
AU Small Finance Bank Ltd
Financial
3.0%
Billionbrains Garage Ventures Ltd.
Financial
2.9%
JK Cement Ltd
Materials
2.7%

Worth investigating

Same-category peers with enough history to inspect beside this fund - including tradeoffs.

All funds

ReviewDirect · GrowthPrefer peers first

Aditya Birla Sun Life Midcap Fund

Aditya Birla Sun Life Mutual Fund Equity Scheme - Mid Cap Fund13.8 years

NAV: 875.73; 30 Oct 2026
1Y: -2.5%; Trailing CAGR
Upside capture: +90%; Vs NIFTY MIDCAP 150 TRI
Downside capture: +97%; Lower is better

Oct 2024 – Oct 2026

All funds

ReviewDirect · GrowthPrefer peers first

Aditya Birla Sun Life Midcap Fund

Aditya Birla Sun Life Mutual Fund Equity Scheme - Mid Cap Fund13.8 years

NAV: 875.73; 30 Oct 2026
1Y: -2.5%; Trailing CAGR
Upside capture: +90%; Vs NIFTY MIDCAP 150 TRI
Downside capture: +97%; Lower is better

NAV path pending

Buying brief

Should you add this fund?

Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.

As of 30 Oct 2026

Stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

In three lines

Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Axis Midcap Fund if you want a same-category peer with stronger evidence.

Buy checklist

History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.22% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -45.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
24% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Vishal Gajwani · 2.0 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 26.5% of the portfolio.

Browse category

Same-category peers are preloaded into compare when available.

Before you buy or SIP

Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.

Drawdown rehearsal
This scheme’s worst fall on file is about 45%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.

NAV

30 Oct 2026 · -2.5% over 1Y

875.73

Oct 2025780.81 – 980.16Oct 2026

Returns

Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.

Trailing CAGR

Point-to-point, calendar-day annualized

1Y-2.5%
3Y+13.3%
5Y+11.6%
10Y+12.5%
SI+15.4%

SIP XIRR

Equal monthly instalments to latest NAV

1Y-3.2%
3Y+4.4%
5Y+11.5%
10Y+14.3%

Since inception: +15.4%; Calendar-day CAGR
Excess 1Y: +0.1%; Category median, same plan and option
3Y win rate: +24%; Windows beating the median
3Y percentile: 41; Vs comparable share classes
SIP 3Y XIRR: +4.4%; Simulated monthly SIP
Worst rolling 3Y: -11.5%; 2654 daily-ending windows
Median rolling 3Y: +19.5%; Calendar-day CAGR
Positive rolling 5Y: +99%; 2161 daily-ending windows

Official benchmark

Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 30 Oct 2026.

1Y excess: +1.8%; Fund minus TRI
3Y excess: -0.5%; Fund minus TRI
Upside capture: +90%; Benchmark-up months
Downside capture: +97%; Lower is better

Drawdown

Peak to trough from a running NAV high, with the path and recovery episodes.

Max drawdown: -45.1%; Worst peak-to-trough
Current: -10.7%; Below last peak
Current spell: 65 days; Days below latest peak
Time below peak: +88%; NAV observations

Drawdown

30 Oct 2026

-10.7%

Jan 2013-42.2% – 0.0%Oct 2026

Average recovery: 17 days; 143 recovered episodes
Longest recovery: 475 days; Trough to prior peak

8 Jan 2018 – 11 Jan 2021
Trough 24 Mar 2020 · recovered in 293 days
-45.1%
7 Jan 2013 – 5 Mar 2014
Trough 28 Aug 2013 · recovered in 189 days
-24.9%
1 Oct 2024 – 18 Jun 2026
Trough 28 Feb 2025 · recovered in 475 days
-21.9%
5 Aug 2015 – 4 Jul 2016
Trough 26 Feb 2016 · recovered in 129 days
-20.8%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
41
Vs category
51
Consistency
35
Risk-adjusted
56
Drawdown
0
Mean
37

Decision

Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.

Review

Buying stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

Risk-adjusted return sits above the documented risk-free proxy.

Portfolio

30 Sept 2026 · 79 holdings · top 10 are 26.5%.

Top 5: 14.6%
Top 10: 26.5%
Largest holding: 3.0%
Effective holdings: 60.8

The Federal Bank Ltd
Financial
3.0%
APL Apollo Tubes Ltd
Industrials
3.0%
AU Small Finance Bank Ltd
Financial
3.0%
Billionbrains Garage Ventures Ltd.
Financial
2.9%
JK Cement Ltd
Materials
2.7%

Buying brief

Should you add this fund?

Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.

As of 30 Oct 2026

Stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

In three lines

Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Axis Midcap Fund if you want a same-category peer with stronger evidence.

Buy checklist

History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.22% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -45.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
24% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Vishal Gajwani · 2.0 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 26.5% of the portfolio.

Browse category

Same-category peers are preloaded into compare when available.

Before you buy or SIP

Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.

Drawdown rehearsal
This scheme’s worst fall on file is about 45%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.

NAV

Path not in current snapshots

n/a

Returns

Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.

Trailing CAGR

Point-to-point, calendar-day annualized

1Y-2.5%
3Y+13.3%
5Y+11.6%
10Y+12.5%
SI+15.4%

SIP XIRR

Equal monthly instalments to latest NAV

1Y-3.2%
3Y+4.4%
5Y+11.5%
10Y+14.3%

Since inception: +15.4%; Calendar-day CAGR
Excess 1Y: +0.1%; Category median, same plan and option
3Y win rate: +24%; Windows beating the median
3Y percentile: 41; Vs comparable share classes
SIP 3Y XIRR: +4.4%; Simulated monthly SIP
Worst rolling 3Y: -11.5%; 2654 daily-ending windows
Median rolling 3Y: +19.5%; Calendar-day CAGR
Positive rolling 5Y: +99%; 2161 daily-ending windows

Official benchmark

Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 30 Oct 2026.

1Y excess: +1.8%; Fund minus TRI
3Y excess: -0.5%; Fund minus TRI
Upside capture: +90%; Benchmark-up months
Downside capture: +97%; Lower is better

Drawdown

Peak to trough from a running NAV high, with the path and recovery episodes.

Max drawdown: -45.1%; Worst peak-to-trough
Current: -10.7%; Below last peak
Current spell: 65 days; Days below latest peak
Time below peak: +88%; NAV observations

Drawdown

Path not in current snapshots

n/a

Average recovery: 17 days; 143 recovered episodes
Longest recovery: 475 days; Trough to prior peak

8 Jan 2018 – 11 Jan 2021
Trough 24 Mar 2020 · recovered in 293 days
-45.1%
7 Jan 2013 – 5 Mar 2014
Trough 28 Aug 2013 · recovered in 189 days
-24.9%
1 Oct 2024 – 18 Jun 2026
Trough 28 Feb 2025 · recovered in 475 days
-21.9%
5 Aug 2015 – 4 Jul 2016
Trough 26 Feb 2016 · recovered in 129 days
-20.8%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
41
Vs category
51
Consistency
35
Risk-adjusted
56
Drawdown
0
Mean
37

Decision

Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.

Review

Buying stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

Risk-adjusted return sits above the documented risk-free proxy.

Portfolio

30 Sept 2026 · 79 holdings · top 10 are 26.5%.

Top 5: 14.6%
Top 10: 26.5%
Largest holding: 3.0%
Effective holdings: 60.8

The Federal Bank Ltd
Financial
3.0%
APL Apollo Tubes Ltd
Industrials
3.0%
AU Small Finance Bank Ltd
Financial
3.0%
Billionbrains Garage Ventures Ltd.
Financial
2.9%
JK Cement Ltd
Materials
2.7%

Worth investigating

Same-category peers with enough history to inspect beside this fund - including tradeoffs.

Buying brief

Should you add this fund?

Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.

As of 30 Oct 2026

Stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

In three lines

Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Axis Midcap Fund if you want a same-category peer with stronger evidence.

Buy checklist

History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.22% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -45.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
24% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Vishal Gajwani · 2.0 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 26.5% of the portfolio.

Browse category

Same-category peers are preloaded into compare when available.

Before you buy or SIP

Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.

Drawdown rehearsal
This scheme’s worst fall on file is about 45%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.

NAV

30 Oct 2026 · -2.5% over 1Y

875.73

Oct 2025780.81 – 980.16Oct 2026

Returns

Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.

Trailing CAGR

Point-to-point, calendar-day annualized

1Y-2.5%
3Y+13.3%
5Y+11.6%
10Y+12.5%
SI+15.4%

SIP XIRR

Equal monthly instalments to latest NAV

1Y-3.2%
3Y+4.4%
5Y+11.5%
10Y+14.3%

Since inception: +15.4%; Calendar-day CAGR
Excess 1Y: +0.1%; Category median, same plan and option
3Y win rate: +24%; Windows beating the median
3Y percentile: 41; Vs comparable share classes
SIP 3Y XIRR: +4.4%; Simulated monthly SIP
Worst rolling 3Y: -11.5%; 2654 daily-ending windows
Median rolling 3Y: +19.5%; Calendar-day CAGR
Positive rolling 5Y: +99%; 2161 daily-ending windows

Official benchmark

Date-aligned against NIFTY MIDCAP 150 TRI. Capture ratios use common month-end observations through 30 Oct 2026.

1Y excess: +1.8%; Fund minus TRI
3Y excess: -0.5%; Fund minus TRI
Upside capture: +90%; Benchmark-up months
Downside capture: +97%; Lower is better

Drawdown

Peak to trough from a running NAV high, with the path and recovery episodes.

Max drawdown: -45.1%; Worst peak-to-trough
Current: -10.7%; Below last peak
Current spell: 65 days; Days below latest peak
Time below peak: +88%; NAV observations

Drawdown

30 Oct 2026

-10.7%

Jan 2013-42.2% – 0.0%Oct 2026

Average recovery: 17 days; 143 recovered episodes
Longest recovery: 475 days; Trough to prior peak

8 Jan 2018 – 11 Jan 2021
Trough 24 Mar 2020 · recovered in 293 days
-45.1%
7 Jan 2013 – 5 Mar 2014
Trough 28 Aug 2013 · recovered in 189 days
-24.9%
1 Oct 2024 – 18 Jun 2026
Trough 28 Feb 2025 · recovered in 475 days
-21.9%
5 Aug 2015 – 4 Jul 2016
Trough 26 Feb 2016 · recovered in 129 days
-20.8%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
41
Vs category
51
Consistency
35
Risk-adjusted
56
Drawdown
0
Mean
37

Decision

Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.

Review

Buying stance

Prefer peers first

The live read flags issues. Inspect same-category alternatives before buying.

Why this status

Maximum drawdown exceeded 35%.

Supporting reads

Risk-adjusted return sits above the documented risk-free proxy.

Portfolio

30 Sept 2026 · 79 holdings · top 10 are 26.5%.

Top 5: 14.6%
Top 10: 26.5%
Largest holding: 3.0%
Effective holdings: 60.8

The Federal Bank Ltd
Financial
3.0%
APL Apollo Tubes Ltd
Industrials
3.0%
AU Small Finance Bank Ltd
Financial
3.0%
Billionbrains Garage Ventures Ltd.
Financial
2.9%
JK Cement Ltd
Materials
2.7%