HealthyDirect · GrowthFit for a long SIP
Aditya Birla Sun Life Nifty Midcap 150 Index Fund
Aditya Birla Sun Life Mutual FundIndex Funds - Equity Funds5.6 years
The scheme seeks to provide returns that closely correspond to the total returns of securities as represented by Nifty Midcap 150 Index, subject to tracking errors.
- NAV
- 24.0384
- 29 Oct 2026
- 1Y
- -4.0%
- Trailing CAGR
- Upside capture
- +99%
- Vs NIFTY MIDCAP 150 TRI
- Downside capture
- +100%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 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 · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
5.6 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.49% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -21.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Mehul Dama · 0.3 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 ≈ 16.8% 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 21%. 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-4.0%
- 3Y+13.8%
- 5Y+13.7%
- 10Yn/a
- SI+17.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.2%
- 3Y+3.5%
- 5Y+12.5%
- 10Yn/a
- Since inception
- +17.0%
- Calendar-day CAGR
- Excess 1Y
- +2.6%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 60
- Vs comparable share classes
- SIP 3Y XIRR
- +3.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +12.3%
- 632 daily-ending windows
- Median rolling 3Y
- +22.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 142 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
- -0.4%
- Fund minus TRI
- 3Y excess
- -0.3%
- Fund minus TRI
- Upside capture
- +99%
- Benchmark-up months
- Downside capture
- +100%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -21.2%
- Worst peak-to-trough
- Current
- -9.8%
- Below last peak
- Current spell
- 59 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 70 recovered episodes
- Longest recovery
- 262 days
- Trough to prior peak
18 Oct 2021 – 9 Sept 2022
Trough 20 Jun 2022 · recovered in 81 days
-21.2%
24 Sept 2024 – 17 Nov 2025
Trough 28 Feb 2025 · recovered in 262 days
-21.1%
7 Jan 2026 – 7 May 2026
Trough 30 Mar 2026 · recovered in 38 days
-14.0%
31 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-12.5%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
60
Vs category
66
Consistency
94
Risk-adjusted
60
Drawdown
47
Mean
65
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
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 151 holdings · top 10 are 16.8%.
- Top 5
- 9.4%
- Top 10
- 16.8%
- Largest holding
- 2.1%
- Effective holdings
- 109.0
Multi Commodity Exchange Of India Ltd
Financial
2.1%
The Federal Bank Ltd
Financial
1.9%
Laurus Labs Ltd
Healthcare
1.9%
One 97 Communications Ltd
Industrials
1.8%
Hero Motocorp Ltd
Consumer Discretionary
1.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life BSE 500 Quality 50 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -3.9%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -11.4%
- Sharpe
- -0.31
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Aditya Birla Sun Life Nifty 50 Equal Weight index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -6.1%
- 3Y
- +11.1%
- Vol
- 13.7%
- Max DD
- -18.0%
- Sharpe
- 0.45
- 3Y win
- +28%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Axis BSE Sensex Index Fund
Axis Mutual Fund
- 1Y
- -11.9%
- 3Y
- n/a
- Vol
- 13.5%
- Max DD
- -16.0%
- Sharpe
- -0.23
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Axis Nifty 500 Index Fund
Axis Mutual Fund
- 1Y
- -7.9%
- 3Y
- n/a
- Vol
- 14.0%
- Max DD
- -18.6%
- Sharpe
- -0.47
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Axis Nifty Bank Index Fund
Axis Mutual Fund
- 1Y
- -5.6%
- 3Y
- n/a
- Vol
- 16.3%
- Max DD
- -18.3%
- Sharpe
- 0.07
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns