HealthyDirect · GrowthFit for a long SIP
Aditya Birla Sun Life Multi-Cap Fund
Aditya Birla Sun Life Mutual FundEquity Scheme - Multi Cap Fund5.5 years
The scheme seeks to achieve long term growth of capital, at commensurate levels of risk through a diversified research based investment in Large, Mid & Small cap companies.
- NAV
- 21.57
- 28 Oct 2026
- 1Y
- +0.7%
- Trailing CAGR
- AUM
- ₹7,531.29 Cr
- 31 Aug 2026
- Volatility
- Medium
- 14.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
5.5 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.01% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -20.0%. Ask whether you can hold through a similar fall.
Vs category
Fail
16% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Abhinav Khandelwal · 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 ≈ 23.7% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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 20%. 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
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
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+0.7%
- 3Y+13.7%
- 5Y+11.4%
- 10Yn/a
- SI+14.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.2%
- 3Y+6.5%
- 5Y+11.7%
- 10Yn/a
- Since inception
- +14.8%
- Calendar-day CAGR
- Excess 1Y
- +1.2%
- Category median, same plan and option
- 3Y win rate
- +16%
- Windows beating the median
- 3Y percentile
- 64
- Vs comparable share classes
- SIP 3Y XIRR
- +6.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +11.8%
- 610 daily-ending windows
- Median rolling 3Y
- +18.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 118 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -20.0%
- Worst peak-to-trough
- Current
- -7.5%
- Below last peak
- Current spell
- 58 days
- Days below latest peak
- Time below peak
- +84%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 67 recovered episodes
- Longest recovery
- 475 days
- Trough to prior peak
24 Sept 2024 – 18 Jun 2026
Trough 28 Feb 2025 · recovered in 475 days
-20.0%
17 Jan 2022 – 13 Dec 2022
Trough 20 Jun 2022 · recovered in 176 days
-17.2%
31 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-10.5%
14 Dec 2022 – 23 May 2023
Trough 28 Mar 2023 · recovered in 56 days
-9.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
64
Vs category
57
Consistency
27
Risk-adjusted
58
Drawdown
50
Mean
51
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 87 holdings · top 10 are 23.7%.
- Top 5
- 12.9%
- Top 10
- 23.7%
- Largest holding
- 3.0%
- Effective holdings
- 67.2
ICICI Bank Ltd
Financial
3.0%
Zomato Ltd
Technology
2.6%
TD Power Systems Ltd
Industrials
2.6%
Adani Transmission Ltd
Energy & Utilities
2.4%
One 97 Communications Ltd
Industrials
2.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BANDHAN MULTI CAP FUND
Bandhan Mutual Fund
- 1Y
- -5.2%
- 3Y
- +11.8%
- Vol
- 13.3%
- Max DD
- -18.3%
- Sharpe
- 0.50
- 3Y win
- +57%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
LIC MF Multi Cap Fund
LIC Mutual Fund
- 1Y
- +1.3%
- 3Y
- +16.8%
- Vol
- 14.2%
- Max DD
- -19.3%
- Sharpe
- 0.77
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Bajaj Finserv Multi Cap Fund
Bajaj Finserv Mutual Fund
- 1Y
- +2.5%
- 3Y
- n/a
- Vol
- 13.9%
- Max DD
- -14.2%
- Sharpe
- 0.36
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Union Multicap Fund
Union Mutual Fund
- 1Y
- +2.2%
- 3Y
- +14.2%
- Vol
- 14.0%
- Max DD
- -19.8%
- Sharpe
- 0.76
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Franklin India Multi Cap Fund
Franklin Templeton Mutual Fund
- 1Y
- -2.3%
- 3Y
- n/a
- Vol
- 15.1%
- Max DD
- -18.7%
- Sharpe
- -0.13
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns