Aditya Birla Sun Life

Portfolio Holdings as on April 30, 2026
( • Top Ten Holdings - Issuerwise)

Sector/Issuer Name	Rating	to Net Assets
Debt & Debt Related
Fixed rates bonds - Corporate		52.24 %
● National Bank For Agriculture and Rural Development	CRISIL AAA	3.67 %
● Indian Railway Finance Corporation Limited	ICRA AAA	2.20 %
● National Housing Bank	CARE AAA	2.19 %
● REC Limited	ICRA AAA	2.16 %
● HDFC Bank Limited	ICRA AAA	2.06 %
● Bajaj Finance Limited	CRISIL AAA	1.87 %
● State Bank of India	ICRA AAA	1.81 %
● Power Finance Corporation Limited	ICRA AAA	1.70 %
● National Bank for Financing Infrastructure and Dev	ICRA AAA	1.66 %
HDFC Bank Limited	ICRA AAA	1.42 %
Small Industries Development Bank of India	CRISIL AAA	1.41 %
Power Finance Corporation Limited	ICRA AAA	1.39 %
Bharti Telecom Limited	CRISIL AAA	1.35 %
Bajaj Finance Limited	CRISIL AAA	1.14 %
National Bank For Agriculture and Rural Development	ICRA AAA	1.13 %
Indian Renewable Energy Development Agency Ltd	ICRA AAA	1.13 %
National Bank For Agriculture and Rural Development	ICRA AAA	1.12 %
Indian Railway Finance Corporation Limited	ICRA AAA	1.12 %
REC Limited	ICRA AAA	1.07 %
REC Limited	ICRA AAA	0.96 %
REC Limited	CRISIL AAA	0.86 %
Small Industries Development Bank of India	CRISIL AAA	0.84 %
Indian Railway Finance Corporation Limited	ICRA AAA	0.83 %
Power Finance Corporation Limited	ICRA AAA	0.78 %
National Bank For Agriculture and Rural Development	ICRA AAA	0.74 %
Bharti Telecom Limited	CRISIL AAA	0.73 %
Tata Capital Housing Finance Limited	ICRA AAA	0.57 %
Tata Capital Limited	ICRA AAA	0.57 %
Small Industries Development Bank of India	CRISIL AAA	0.57 %
Poonawalla Fincorp Limited	CRISIL AAA	0.57 %
Poonawalla Fincorp Limited	CRISIL AAA	0.57 %
Kotak Mahindra Investments Limited	ICRA AAA	0.56 %
Indian Railway Finance Corporation Limited	ICRA AAA	0.55 %
Bank of Baroda	CRISIL AAA	0.55 %
National Bank for Financing Infrastructure and Dev	ICRA AAA	0.54 %
LIC Housing Finance Limited	CRISIL AAA	0.51 %
Bharti Telecom Limited	CRISIL AAA	0.45 %
Indian Railway Finance Corporation Limited	ICRA AAA	0.45 %
HDFC Bank Limited	ICRA AAA	0.40 %
ICICI Home Finance Company Limited	ICRA AAA	0.39 %
HDFC Bank Limited	CRISIL AAA	0.34 %
Tata Capital Limited	ICRA AAA	0.34 %
Knowledge Realty Trust	CRISIL AAA	0.33 %
REC Limited	ICRA AAA	0.29 %
Small Industries Development Bank of India	CRISIL AAA	0.28 %
Small Industries Development Bank of India	CRISIL AAA	0.28 %
REC Limited	ICRA AAA	0.28 %
SMFG India Home Finance Company Limited	CARE AAA	0.28 %
REC Limited	ICRA AAA	0.28 %
REC Limited	ICRA AAA	0.28 %
National Bank For Agriculture and Rural Development	ICRA AAA	0.28 %
Power Finance Corporation Limited	ICRA AAA	0.28 %
Power Finance Corporation Limited	ICRA AAA	0.28 %
REC Limited	ICRA AAA	0.28 %
National Bank for Financing Infrastructure and Dev	ICRA AAA	0.28 %
HDB Financial Services Limited	CRISIL AAA	0.28 %
National Bank For Agriculture and Rural Development	ICRA AAA	0.28 %
National Bank for Financing Infrastructure and Dev	ICRA AAA	0.27 %
Indian Railway Finance Corporation Limited	ICRA AAA	0.27 %
Indian Railway Finance Corporation Limited	ICRA AAA	0.23 %
REC Limited	CRISIL AAA	0.23 %
Power Finance Corporation Limited	ICRA AAA	0.23 %
Pipeline Infrastructure Limited	CRISIL AAA	0.18 %
LIC Housing Finance Limited	CRISIL AAA	0.17 %
Export Import Bank of India	ICRA AAA	0.17 %
Mahindra & Mahindra Financial Services Limited	CARE AAA	0.16 %
Indian Railway Finance Corporation Limited	CRISIL AAA	0.12 %
National Bank For Agriculture and Rural Development	CRISIL AAA	0.12 %
Power Grid Corporation of India Limited	CRISIL AAA	0.09 %
National Bank For Agriculture and Rural Development	CRISIL AAA	0.06 %
Power Grid Corporation of India Limited	ICRA AAA	0.06 %
Tata Capital Limited	ICRA AAA	0.06 %
Power Grid Corporation of India Limited	ICRA AAA	0.06 %
LIC Housing Finance Limited	CRISIL AAA	0.06 %
HDFC Bank Limited	CRISIL AAA	0.06 %
Bajaj Housing Finance Limited	CRISIL AAA	0.06 %
Small Industries Development Bank of India	CRISIL AAA	0.02 %
National Bank For Agriculture and Rural Development	ICRA AAA	0.01 %
National Highways Authority of India	CRISIL AAA	0.01 %
Money Market Instruments		31.16 %
● HDFC Bank Limited	ICRA A1+	1.88 %
Indian Bank	CRISIL A1+	1.62 %
Punjab National Bank	ICRA A1+	1.62 %
Small Industries Development Bank of India	CRISIL A1+	1.34 %
Punjab National Bank	ICRA A1+	1.34 %
Small Industries Development Bank of India	CRISIL A1+	1.34 %
National Bank For Agriculture and Rural Development	ICRA A1+	1.17 %
Small Industries Development Bank of India	CRISIL A1+	1.12 %
National Bank For Agriculture and Rural Development	ICRA A1+	1.08 %
Indian Bank	CRISIL A1+	1.08 %
Punjab National Bank	ICRA A1+	1.08 %
HDFC Bank Limited	ICRA A1+	1.07 %
ICICI Bank Limited	ICRA A1+	1.07 %
Union Bank of India	ICRA A1+	0.83 %
Canara Bank	ICRA A1+	0.81 %
Indian Bank	CRISIL A1+	0.81 %
HDFC Bank Limited	ICRA A1+	0.80 %
Export Import Bank of India	ICRA A1+	0.80 %
HDFC Bank Limited	ICRA A1+	0.80 %
Export Import Bank of India	ICRA A1+	0.68 %
Axis Bank Limited	ICRA A1+	0.54 %
ICICI Bank Limited	ICRA A1+	0.54 %
Bank of Baroda	CARE A1+	0.54 %
Punjab National Bank	ICRA A1+	0.54 %
Small Industries Development Bank of India	CRISIL A1+	0.54 %
Indian Bank	CRISIL A1+	0.54 %
Kotak Mahindra Bank Limited	CRISIL A1+	0.54 %
Bank of Baroda	CARE A1+	0.54 %
Punjab National Bank	ICRA A1+	0.54 %

Sector/Issuer Name	Rating	% to Net Assets
ICICI Bank Limited	ICRA A1+	0.54 %
National Bank for Financing Infrastructure and Dev	IND A1+	0.54 %
Punjab National Bank	ICRA A1+	0.53 %
Union Bank of India	ICRA A1+	0.53 %
ICICI Bank Limited	ICRA A1+	0.53 %
National Bank For Agriculture and Rural Development	ICRA A1+	0.49 %
Small Industries Development Bank of India	CRISIL A1+	0.27 %
Small Industries Development Bank of India	CRISIL A1+	0.27 %
Kotak Mahindra Bank Limited	CRISIL A1+	0.27 %
State Government bond		6.10 %
7.38 % KARNATAKA 04SEP2034 SDL	SOV	1.12 %
7.24 % TAMIL NADU 25MAR2031 SDL	SOV	0.85 %
7.49% BIHAR 14FEB2039 SDL		0.61 %
7.28% TELANGANA 12JAN2035 SDL		0.44 %
7.33% MAHARA 04MAR2034 SDL	SOV	0.33 %
7.73% MAHARASHTRA 29MAR2032 SDL	SOV	0.29 %
7.78% UTTAR PRADESH 23MAR36 SDL	SOV	0.29 %
7.72% RAJASTHAN 08NOV2033 SDL	SOV	0.29 %
7.42 % HARYANA 25MAR2032 SDL	SOV	0.28 %
7.63% ASSAM 03SEP35 SDL	SOV	0.28 %
7.67% HARYANA 27DEC2035 SDL		0.23 %
8.09% MADHYA PRADESH 30MAR2050 SDL		0.20 %
6.98% MAHARASHTRA 26FEB2028 SDL	SOV	0.16 %
6.77% MAHARASHTRA 30APR2037 SDL	SOV	0.16 %
7.72% BIHAR 25FEB2041 SDL	SOV	0.11 %
7.45% BIHAR 10SEP2034 SDL	SOV	0.11 %
7.09% KARNATAKA 16OCT2035 SDL	SOV	0.11 %
7.20 % MAHARASHTRA 03DEC2034 SDL	SOV	0.09 %
8.53% TAMIL NADU 28NOV2028 SDL	SOV	0.05 %
7.76% UTTARAKHAND 29MAR2033 SDL	SOV	0.02 %
7.51% UTTAR PRADESH 27MAR2040 SDL	SOV	0.02 %
7.49% UTTAR PRADESH 27MAR2036 SDL	SOV	0.02 %
7.46% MADHYA PRADESH 14SEP2032 SDL	SOV	0.02 %
6.63% GUJARAT 16SEP2029 SDL	SOV	0.01 %
7.60% MAHARASHTRA 15APR2030 SDL	SOV	0.01 %
6.47% MAHARASHTRA 21OCT2028 SDL	SOV	0.01 %
7.66% UTTAR PRADESH 24AUG2032 SDL	SOV	0.01 %
Cash Management Bills		2.99 %
Government of India	SOV	0.31 %
Government of India	SOV	0.30 %
Government of India	SOV	0.25 %
Government of India	SOV	0.22 %
Government of India	SOV	0.16 %
Government of India	SOV	0.15 %
Government of India	SOV	0.15 %
Government of India	SOV	0.14 %
Government of India	SOV	0.12 %
Government of India	SOV	0.11 %
Government of India	SOV	0.11 %
Government of India	SOV	0.11 %
Government of India	SOV	0.11 %
Government of India	SOV	0.10 %
Government of India	SOV	0.10 %
Government of India	SOV	0.10 %
Government of India	SOV	0.09 %
Government of India	SOV	0.07 %
Government of India	SOV	0.06 %
Government of India	SOV	0.05 %
Government of India	SOV	0.05 %
Government of India	SOV	0.05 %
Government of India	SOV	0.04 %
Government of India	SOV	0.04 %
Government of India	SOV	0.01 %
Government of India	SOV	0.01 %
SECURITISED DEBT		2.49 %
Shivshakti Securitisation Trust 2025-1	CRISIL AAA(SO)	1.62 %
Siddhivinayak Securitisation Trust 2025-1	CRISIL AAA(SO)	0.40 %
India Universal Trust AL1	IND AAA(SO)	0.21 %
India Universal Trust AL1	IND AAA(SO)	0.09 %
India Universal Trust Al2	IND AAA(SO)	0.08 %
India Universal Trust Al2	IND AAA(SO)	0.06 %
India Universal Trust Al2	IND AAA(SO)	0.02 %
India Universal Trust AL1	IND AAA(SO)	0.01 %
Government Bond		1.96 %
6.90% GOI 15-Apr-2065	SOV	0.72 %
7.46% GOVERNMENT OF INDIA 06NOV73 G-SEC	SOV	0.33 %
7.34% INDIA GOVERNMENT BOND 22APR2064	SOV	0.27 %
7.23% INDIA GOVERNMENT BOND 15APR2039	SOV	0.17 %
7.26% GOI 22AUG2032	SOV	0.14 %
6.48% GOI 06Oct2035	SOV	0.09 %
7.54% GOVERNMENT OF INDIA 23MAY2036 GSEC	SOV	0.09 %
6.68% GOI 07Jul2040	SOV	0.06 %
7.25% GOI 12JUN63	SOV	0.04 %
7.59% GOI (MD 20/03/2029)	SOV	0.02 %
7.09% GOVERNMENT OF INDIA 25NOV74 G-SEC	SOV	0.01 %
7.37% GOI 23OCT2028	SOV	0.01 %
Alternative Investment Funds (AIF)		0.32 %
Corporate Debt Market Development Fund		0.32 %
Interest Rate Swaps		-0.01 %
BARCLAYS BANK PLC		0.85 %
Standard Chartered Bank		0.57 %
Standard Chartered Bank		0.57 %
DBS Bank Ltd/India		0.56 %
ICICI Bank Limited		0.28 %
Standard Chartered Bank		0.28 %
ICICI Securities Primary Dealership Limited		0.28 %
Clearing Corporation of India Limited		0.06 %
Clearing Corporation of India Limited		-0.06 %
ICICI Bank Limited		-0.28 %
ICICI Securities Primary Dealership Limited		-0.28 %
Standard Chartered Bank		-0.28 %
Standard Chartered Bank		-0.57 %
Standard Chartered Bank		-0.57 %
DBS Bank Ltd/India		-0.57 %
BARCLAYS BANK PLC		-0.85 %
Net Cash and Cash Equivalent		2.75 %
Grand Total		100.00 %

Miscellaneous includes securities with exposure of less than 0.01%

Investment Objective
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Investment Objective Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. The Scheme does not guarantee/indicate any returns. There is no assurance that the objective of the Scheme will be achieved.
Fund Category: Banking and PSU Fund
Scheme Rating: [ICRA]AAAmfs

Fund Snapshot
Date of Allotment : Apr 19, 2002
Benchmark: Nifty Banking & PSU Debt Index A-II
Fund Manager - Mr. Kaustubh Gupta Managing the Fund Since: September 29, 2009 Experience in Managing the Fund: 16.6 Years
Fund Manager - Mr. Harshil Suvarnkar Managing the Fund Since: March 22, 2021 Experience in Managing the Fund: 5.1 Years
SIP: Monthly: Minimum ₹ 1000/-
Application Amount for fresh subscription: ₹ 1,000 (plus in multiplies of ₹ 1)
Minimum Additional Investment: ₹ 1,000 (plus in multiplies of ₹ 1)
Load Structure (as % of NAV) (Incl. for SIP)
Entry Load:	NIL
Exit Load:	NIL
AUM as on April 30, 2026 (in ₹Crore)
Month End AUM	8,805.14
Monthly Average AUM	8,821.46
Base Expense Ratio (BER)
Regular	0.62%
Direct	0.33%
BER excludes brokerage incurred towards execution of trades, transaction cost & statutory levies as applicable to investors.
NAV as on April 30, 2026
Regular Growth	379.44
Regular IDCW$	146.47
Regular IDCW$	111.53
Regular IDCW$	101.54
Retail Growth	569.59
Retail IDCW$	113.14
Retail IDCW$	102.73
Direct Growth	394.92
Direct IDCW$	104.57
Direct IDCW$	116.11
Direct IDCW$	103.86
$Income Distribution cum capital withdrawal

Instrument Profile
Instrument Name	% Net Assets
Bonds & Debentures	53.35%
Certificate of Deposit	31.13%
Sovereign	11.29%
Others	2.86%
Commercial Papers	0.70%
Cash & cash equivalent	0.68%

Debt Quants
Modified Duration	2.67 years
Average Maturity	3.7 years
Yield to Maturity	7.45%
Macaulay Duration	2.82 years

Product Label
Scheme Name
Aditya Birla Sun Life Banking & PSU Debt Fund An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and moderate credit risk.
This product is suitable for investors who are seeking*:
Generation of reasonable returns and liquidity over short term Investment primarily in securities issued by Banks, Public Sector Undertakings and Public Financial Institutions in India
Risk-o-meter	Benchmark Risk-o-meter Nifty Banking & PSU Debt Index A-II
*Investors should consult their financial advisors if in doubt whether the product is suitable for them.

Aditya Birla Sun Life Banking & PSU Debt Fund