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Aditya Birla Sun Life Retirement Fund-The 40s

Q: What is the NAV of Aditya Birla Sun Life Retirement Fund-The 40s?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Retirement Fund-The 40s is ₹20.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Aditya Birla Sun Life Retirement Fund-The 40s delivered?

Aditya Birla Sun Life Retirement Fund-The 40s has returned -0.01% over 1 year, +9.87% per year over 3 years, +8.25% per year over 5 years and +10.11% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s charges an expense ratio of 1.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s's largest holdings are ICICI Bank Ltd. (6.6%), Government of India (06/10/2035) (6.3%), HDFC Bank Ltd. (3.9%), Infosys Ltd. (3.2%) and Government of India (22/04/2064) (2.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.8% and its worst peak-to-trough fall in our sample was -27.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.31 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Retirement Fund-The 40s's 0.31 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s is benchmarked against the CRISIL Hybrid 35+65 - Aggressive Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s is managed by Mohit Sharma and Harshil Suvarnkar at Aditya Birla Sun Life.

Q: How is Aditya Birla Sun Life Retirement Fund-The 40s taxed?

Aditya Birla Sun Life Retirement Fund-The 40s is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Aditya Birla Sun Life Mutual Fund · Best Retirement Mutual Funds

NAV

₹20.74

-0.04% 1D

as of 05 Oct 2026

This is the Direct plan of Aditya Birla Sun Life Retirement Fund-The 40s — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-0.69%absolute

52-week rangePrev NAV ₹20.75

Latest ₹20.74

Low ₹19.4251st percentile of its 52-week rangeHigh ₹22.01

Scorecard

★★★☆☆3/5 vs 27 of 28 Retirement Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Retirement Fund (same plan and option). 27 of the 28 Retirement Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +9.87% · ranks 9 of 27 Retirement Funds

RiskHigh

Volatility 10.8% vs 9.0% category avg

CostAverage

1.2% expense vs 1.1% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

3-year return (+9.87%) beats the Retirement Fund average (+9.29%)
Stronger risk-adjusted returns — Sharpe 0.31 vs 0.22 Retirement Fund average
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Retirement Fund average on 1M/6M/1Y — 1Y by 0.58pp
More volatile than its Retirement Fund peers (10.8% vs 9.0%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.18%

Category 1.12%▲0.06%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.04

Category 24.46▼4.42

Excess return per unit of total volatility (rf = 6.5%)

0.31

Category 0.22▲0.09

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

5 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

CRISIL Hybrid 35+65 - Aggressive Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

13 Mar 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.94%

Absolute return over the last 3 months (not annualized)

-2.58%

Absolute return over the last 6 months (not annualized)

+5.70%

Absolute return since 1 Jan of this year (not annualized)

-2.35%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-0.01%

3-year annualized return (CAGR)

+9.87%

5-year annualized return (CAGR)

+8.25%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.11%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

10.78%

Excess return per unit of total volatility (rf = 6.5%)

0.31

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.43

Largest peak-to-trough decline over full history

-27.28%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

1.01%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.72

How much of the fund's movement Nifty 500 TRI explains

93.8%

Excess return per unit of beta (market risk)

5.03

Active return over the benchmark per unit of tracking error

0.07

Annualized std dev of fund-minus-benchmark returns

5.32%

Fund's share of benchmark gains in up months (100 = matches index)

80.7%

Fund's share of benchmark losses in down months (lower is better)

68.3%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Retirement Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.94%	-3.41%	-1.53%
3M abs	-2.58%	-2.65%	+0.07%
6M abs	+5.70%	+6.21%	-0.51%
1Y CAGR	-0.01%	+0.57%	-0.58%
3Y CAGR	+9.87%	+9.29%	+0.58%
5Y CAGR	+8.25%	+8.51%	-0.26%

Category average across peers in Retirement Fund (up to 28 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 28 peers in Retirement Fund

1Y return

-0.01%

Beats 39.3% · rank #18

3Y return

+9.87%

Beats 69.2% · rank #9

5Y return

+8.25%

Beats 50% · rank #13

Sharpe

0.31

Beats 65.4% · rank #10

Sortino

0.43

Beats 65.4% · rank #10

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.42L

Absolute

+23.74%

XIRR

+8.72%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Aditya Birla Sun Life Retirement Fund-The 40s, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-2.35%	-7.18%	+4.83%
2025	+5.82%	+7.94%	-2.12%
2024	+19.20%	+16.43%	+2.77%
2023	+20.66%	+27.43%	-6.77%
2022	+1.61%	+4.34%	-2.73%
2021	+12.52%	+31.59%	-19.07%
2020	+16.25%	+18.33%	-2.08%
2019part	+4.91%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,860

Expense ratio

1.18%

AUM

₹109.63Cr

Portfolio turnover

Exit load

Nil

P/E ratio

20.0

P/B ratio

4.1

Avg market cap

₹3,78,084Cr

P/E & P/B are portfolio-weighted harmonic means across 46 of 57 equity holdings (72% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Retirement Fund

Compare all


Aditya Birla Sun Life Retirement Fund-The 40sThis fund Aditya Birla Sun Life · Direct · Growth	★★★☆☆	-0.01%	+9.87%	+8.25%	20.04	1.18%	₹109.63Cr
ICICI Prudential Retirement Fund Pure Equity ICICI Prudential · Direct · Growth	★★★★★	+3.63%	+19.01%	+17.68%	27.27	0.88%	₹1,884Cr
ICICI Prudential Retirement Fund Hybrid Aggressive ICICI Prudential · Direct · Growth	★★★★★	+3.73%	+16.90%	+14.06%	24.27	1.21%	₹1,173Cr
Aditya Birla Sun Life Retirement Fund-The 30s Aditya Birla Sun Life · Direct · Growth	★★★☆☆	+11.11%	+15.45%	+11.43%	28.16	1.35%	₹434.17Cr
Union Retirement Fund Union · Direct · Growth	★★★★☆	+1.82%	+11.93%	—	28.71	1.36%	₹197.16Cr
Tata Retirement Savings Fund-Progressive Tata · Direct · Growth	★★★★☆	+3.05%	+11.72%	+9.44%	28.97	0.82%	₹2,087Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap63.1%
Mid cap19.1%
Small cap17.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity78.88%
Debt12.70%
Cash & Equivalents8.42%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Aditya Birla Sun Life Retirement Fund-The 50s Aditya Birla Sun Life · Retirement Fund	60.1% of 25% equity	★★★☆☆	0.63%	+7.62%
Aditya Birla Sun Life Conservative Hybrid Fund Aditya Birla Sun Life · Conservative Hybrid Fund	55.1% of 23% equity	★★★★☆	0.96%	+8.37%
Aditya Birla Sun Life Large Cap Fund Aditya Birla Sun Life · Large Cap Fund	51.3%	★★★☆☆	1.04%	+8.50%
Aditya Birla Sun Life Aggressive Hybrid Fund Aditya Birla Sun Life · Aggressive Hybrid Fund	50.1% of 77% equity	★★☆☆☆	1.16%	+9.04%
Bandhan Large Cap Fund Bandhan · Large Cap Fund	48.5%	★★★☆☆	1.08%	+11.98%
Aditya Birla Sun Life Multi Asset Allocation Fund Aditya Birla Sun Life · Multi Asset Allocation	47.6% of 69% equity	★★★★☆	0.67%	+15.40%
360 ONE ELSS Tax Saver Nifty 50 Index Fund 360 One · Index Funds	47.2%	★★☆☆☆	0.37%	+5.84%
Bajaj Finserv Nifty 50 Index Fund Bajaj Finserv · Index Funds	47.2%	★★☆☆☆	0.33%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

3 holdings — 1.92% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

BlueStone Jewellery and Lifestyle LimitedLong-term · Stage I1.27%
Whirlpool of India LimitedShort-term · Stage I0.55%
Vedanta Iron and Steel LimitedLong-term · Stage I0.10%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-27.3%13 Feb 2020 → 23 Mar 2020
Fell over 39 days, back to the old high on 26 Aug 2020 — 5 months under water after the low.
-14.6%15 Nov 2021 → 17 Jun 2022
Fell over 7 months, back to the old high on 01 Dec 2022 — 5 months under water after the low.
-11.1%27 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 05 Jun 2025 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹109.63Cr

April - June 2026

-1%

since January - March 2026

+₹1.64Cr

est. net flow, last quarter

At or near its largest, ₹110.55Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Aditya Birla Sun Life Mutual Fund is run by Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Group and Sun Life Financial of Canada. In business since 1994 and listed on the exchanges since 2021, it is among India's larger houses across equity, debt and hybrid.

Launched

22 Dec 1994

Total AUM

₹4,41,787Cr+3.3% QoQ

Avg AUM · July - September 2026

Website

mutualfund.adityabirlacapital.com

Fund Managers

MSMohit SharmaManaging since 12 May 2026

Education

PGDCM years Calcutta; B Tech – IIT Madras

Experience

He has over 19 years of experience of which 12 years are in financial markets. He joined Aditya Birla Sun Life AMC Ltd on October 2015. Prior to joining Aditya Birla Sun Life AMC Limited, he ran his own healthcare- tech business (June 2012 - May 2015). He has also worked as an Interest Rates Trader in Standard Chartered Bank (May 2007 - June 2011) and ICICI Bank Ltd (June 2006 - April 2007). He started his career in the Equity Research in Irevna Ltd (June 2005 - June 2006). under his Fund Management Responsibilities jointly with Mr. Lovelish Solanki Ms. Sunaina Da Cunha - Mr. Bhupesh Bameta Fund - - Mr. Kaustubh Gupta Ms. Sunaina Da Cunha Mr. Kaustubh Gupta and Mr. Anuj Jain - Mr. Harshil Suvarnkar Mr. Kaustubh Gupta Mr. Sanjay Godambe - Mr. Bhupesh Bameta Mr. Sanjay Godambe Financial Mr. Sanjay Pawar

Funds managed (13)

All schemes Mohit Sharma runs →

HSHarshil SuvarnkarManaging since 22 Mar 2021

Education

Masters Management Studies (Finance), Post Graduate Diploma Securities Law & B. Com.

Experience

years in the financial 2021 to joining he was associated with as Head - Markets, handling treasury Asset Liability (ALM) and capital Fund Management Responsibility jointly with Mr. Chanchal Khandelwal and Dhaval Joshi Mr. Lovelish Solanki and Mr. Rohit Karan Mr. Kaustubh Gupta Mr. Bhupesh Bameta Mr. Abhinav Khandelwal and Dhaval Joshi Mr. Bhupesh Bameta Mr. Mohit Sharma - Mr. Sanjay Godambe - Mr. Kaustubh Gupta and Mr. Vighnesh Gupta

Funds managed (17)

All schemes Harshil Suvarnkar runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Mohit Sharma Harshil Suvarnkar

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Infosys Ltd.Reliance Industries Ltd.Sun Pharmaceutical Industries Ltd.Ultratech Cement Ltd.State Bank of India Axis Bank Ltd.Kotak Mahindra Bank Ltd.Hindalco Industries Ltd.Coforge Ltd.Larsen & Toubro Ltd.

Aditya Birla Sun Life in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

From the blog

Retirement and children's funds: three kinds, one label
14 Sep 2026
Of 41 retirement and children's funds, 9 move like debt funds, 14 like hybrids and 18 like equity funds. Their returns to 11 September 2026, grouped by risk.

Frequently asked questions

What is the NAV of Aditya Birla Sun Life Retirement Fund-The 40s?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Retirement Fund-The 40s is ₹20.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Aditya Birla Sun Life Retirement Fund-The 40s delivered?

Aditya Birla Sun Life Retirement Fund-The 40s has returned -0.01% over 1 year, +9.87% per year over 3 years, +8.25% per year over 5 years and +10.11% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s charges an expense ratio of 1.18% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s's largest holdings are ICICI Bank Ltd. (6.6%), Government of India (06/10/2035) (6.3%), HDFC Bank Ltd. (3.9%), Infosys Ltd. (3.2%) and Government of India (22/04/2064) (2.9%). Holdings are disclosed monthly and change over time.

How risky is Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.8% and its worst peak-to-trough fall in our sample was -27.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.31 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Retirement Fund-The 40s's 0.31 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s is benchmarked against the CRISIL Hybrid 35+65 - Aggressive Index. Its alpha and beta on this page are measured against that index.

Who manages Aditya Birla Sun Life Retirement Fund-The 40s?

Aditya Birla Sun Life Retirement Fund-The 40s is managed by Mohit Sharma and Harshil Suvarnkar at Aditya Birla Sun Life.

How is Aditya Birla Sun Life Retirement Fund-The 40s taxed?

Aditya Birla Sun Life Retirement Fund-The 40s is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Aditya Birla Sun Life Retirement Fund-The 40s

Performance

Scorecard

Strengths & concerns

Strengths

Concerns

Key Metrics

Scheme Info

Period returns (<1Y, absolute — not annualized)

Annualized returns (≥1Y — CAGR)

Fund vs category average (Retirement Fund)

Category rank

Backtest this fund

Calendar-year returns

Taxation

Peer comparison · Retirement Fund

Market-cap allocation · AMFI bands, Jul 2026

Asset allocation

Holds the same stocks as (by portfolio overlap, not by category)

🚩Holdings under NSE surveillance (ASM)

Fund size over time

AMC Profile

Fund Managers

Explore from here

Aditya Birla Sun Life in the news

From the blog

Retirement and children's funds: three kinds, one label

Frequently asked questions

Peer comparison · Retirement Fund

Market-cap allocation · AMFI bands, Jul 2026

Holds the same stocks as (by portfolio overlap, not by category)

🚩Holdings under NSE surveillance (ASM)