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Aditya Birla Sun Life Nifty India Defence Index Fund

Q: What is the NAV of Aditya Birla Sun Life Nifty India Defence Index Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Nifty India Defence Index Fund is ₹13.14 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 Nifty India Defence Index Fund delivered?

Aditya Birla Sun Life Nifty India Defence Index Fund has returned +12.89% over 1 year and +14.35% 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 Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund charges an expense ratio of 0.45% 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 Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund's largest holdings are Hindustan Aeronautics Ltd. (21.4%), Bharat Electronics Ltd. (19.5%), Bharat Forge Ltd. (13.9%), Solar Industries India Ltd. (12.2%) and Mazagon Dock Shipbuilders Ltd. (4.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Aditya Birla Sun Life Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 27.8% and its worst peak-to-trough fall in our sample was -27.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Aditya Birla Sun Life Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund is benchmarked against the Nifty India Defence Total Return Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Aditya Birla Sun Life Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund is managed by Priya Sridhar and Mehul Dama at Aditya Birla Sun Life.

Q: How is Aditya Birla Sun Life Nifty India Defence Index Fund taxed?

Aditya Birla Sun Life Nifty India Defence Index Fund 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 Index Funds

NAV

₹13.14

+0.42% 1D

as of 05 Oct 2026

This is the Direct plan of Aditya Birla Sun Life Nifty India Defence Index Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed and paid out, which is why this NAV sits below the growth plan of the same fund.

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Performance

+12.70%absolute

52-week rangePrev NAV ₹13.09

Latest ₹13.14

Low ₹10.3371st percentile of its 52-week rangeHigh ₹14.31

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.45%

Category —

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

53.83

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

For redemption / switch-out of units on or before 30 days from the date of allotment: 0.05% of applicable NAV. For redemption / switch-out of units after 30 days from the date of allotment: Nil.

Up to 0.05%

tiered — see the full terms

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

₹500

Nifty India Defence Total Return Index

Nifty India Defence TRI

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.

02 Sep 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.46%

Absolute return over the last 3 months (not annualized)

-4.05%

Absolute return over the last 6 months (not annualized)

+20.76%

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

+18.66%

Annualized returns (≥1Y — CAGR)

Definitions

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

+12.89%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

+14.35%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

27.79%

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

—

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

—

Largest peak-to-trough decline over full history

-27.75%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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 (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	-5.46%	—	—
3M abs	-4.05%	—	—
6M abs	+20.76%	—	—
1Y CAGR	+12.89%	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Index Funds, 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.

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

₹1.20L

Current value

₹1.29L

Absolute

+7.28%

XIRR

+16.29%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Aditya Birla Sun Life Nifty India Defence Index Fund, 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	+18.66%	-7.18%	+25.84%
2025	+19.16%	+7.94%	+11.22%
2024part	-6.41%	—	—

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

516

Expense ratio

0.45%

AUM

₹1,135Cr

Exit load

For redemption / switch-out of units on or before 30 days from the date of allotment: 0.05% of applicable NAV. For redemption / switch-out of units after 30 days from the date of allotment: Nil.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

53.8

P/B ratio

13.2

Avg market cap

₹1,65,561Cr

P/E & P/B are portfolio-weighted harmonic means across 15 of 19 equity holdings (91% 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 · Index Funds

Compare all


Aditya Birla Sun Life Nifty India Defence Index FundThis fund Aditya Birla Sun Life · Direct · IDCW	—	+12.89%	—	—	—	0.45%	₹1,135Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Direct · IDCW	—	+32.94%	+33.72%	+20.60%	—	0.63%	₹3,348Cr
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Direct · IDCW	—	+20.08%	+20.30%	—	—	0.51%	₹121.63Cr
ICICI Prudential Nifty Auto Index Fund ICICI Prudential · Direct · IDCW	—	-4.29%	+17.35%	—	—	0.36%	₹216.49Cr
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Aditya Birla Sun Life · Direct · IDCW	—	+11.80%	+17.31%	+12.02%	—	0.57%	₹299.55Cr
Kotak Nifty Smallcap 50 Index Fund Kotak Mahindra · Direct · IDCW	—	+11.45%	+17.19%	—	—	0.34%	₹201.40Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap53.1%
Mid cap24.7%
Small cap22.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.04%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Motilal Oswal Nifty India Defence Index Fund Motilal Oswal · Index Funds	100.0%	★★★★★	0.56%	—
Axis Nifty India Defence Index Fund Axis · Index Funds	99.9%	—	0.65%	—
HDFC Defence Fund HDFC · Sectoral/ Thematic	71.2%	★★★★☆	0.89%	+36.05%
CPSE ETF Nippon India · Other ETFs	21.4%	—	0.08%	+20.14%
Invesco India PSU Equity Fund Invesco · Sectoral/ Thematic	20.5%	★★★☆☆	1.22%	+17.93%
kotak BSE PSU Index Fund Kotak Mahindra · Index Funds	13.8%	★★☆☆☆	0.46%	—
HSBC Infrastructure Fund HSBC · Sectoral/ Thematic	13.7%	★★★☆☆	1.11%	+15.43%
ICICI Prudential Nifty200 Quality 30 Index Fund ICICI Prudential · Index Funds	13.1%	★★☆☆☆	0.48%	—

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)

2 holdings — 4.45% 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.

Mtar Technologies LimitedLong-term · Stage IV3.75%
Aequs LimitedLong-term · Stage I0.70%

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.

-27.8%04 Sep 2024 → 18 Feb 2025
Fell over 5 months, back to the old high on 29 Apr 2025 — 2 months under water after the low.
-20.4%23 Jun 2025 → 31 Mar 2026
Fell over 9 months, back to the old high on 05 May 2026 — 35 days under water after the low.
-8.7%08 Sep 2026 → 16 Sep 2026
Still below that high — 8 days down, and no recovery yet.

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

₹1,135Cr

April - June 2026

+32%

since January - March 2026

+₹165.33Cr

est. net flow, last quarter

At or near its largest, ₹1,135Cr in April - June 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

PSPriya SridharManaging since 31 Dec 2024

Education

Master’s financial management from Mumbai University

Experience

including ETFs and Prior to joining she was associated with Asset Management – Equity and Arbitrage

Funds managed (17)

All schemes Priya Sridhar runs →

MDMehul DamaManaging since 07 Jul 2026

Total experience

17 years

Education

B.Com., Chartered Accountant

Experience

Mr. Mehul Dama has over two decades of work experience in financial services industry including 17 years in Indian passive mutual fund industry, across operations, fund accounting, valuation, and investment roles. Mr. Mehul Dama was part of core team at Benchmark AMC which pioneered ETF business in India, post which he worked with Goldman Sachs India AMC and Nippon Life India AMC. In his previous role, he was Chief Investment Officer – Angel One AMC. He specializes in portfolio management of Exchange Traded Funds and Index Funds. Designation

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. 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

Priya Sridhar

Top holdings

Hindustan Aeronautics Ltd.Bharat Electronics Ltd.Bharat Forge Ltd.Solar Industries India Ltd.Mazagon Dock Shipbuilders Ltd.MTAR technologies Ltd.Astra Microwave Products Ltd.Data Patterns (India) Ltd.Cochin Shipyard Ltd.Bharat Dynamics Ltd.Zen Technologies Ltd.Garden Reach Shipbuilders & Engineers 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.

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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.

About Index funds & ETFs

Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.

Frequently asked questions

What is the NAV of Aditya Birla Sun Life Nifty India Defence Index Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Nifty India Defence Index Fund is ₹13.14 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 Nifty India Defence Index Fund delivered?

Aditya Birla Sun Life Nifty India Defence Index Fund has returned +12.89% over 1 year and +14.35% 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 Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund charges an expense ratio of 0.45% 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 Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund's largest holdings are Hindustan Aeronautics Ltd. (21.4%), Bharat Electronics Ltd. (19.5%), Bharat Forge Ltd. (13.9%), Solar Industries India Ltd. (12.2%) and Mazagon Dock Shipbuilders Ltd. (4.7%). Holdings are disclosed monthly and change over time.

How risky is Aditya Birla Sun Life Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 27.8% and its worst peak-to-trough fall in our sample was -27.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Aditya Birla Sun Life Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund is benchmarked against the Nifty India Defence Total Return Index. Its alpha and beta on this page are measured against that index.

Who manages Aditya Birla Sun Life Nifty India Defence Index Fund?

Aditya Birla Sun Life Nifty India Defence Index Fund is managed by Priya Sridhar and Mehul Dama at Aditya Birla Sun Life.

How is Aditya Birla Sun Life Nifty India Defence Index Fund taxed?

Aditya Birla Sun Life Nifty India Defence Index Fund 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.