Aditya Birla Sun Life Credit Risk Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Fund House : Aditya Birla Sun Life Mutual Fund

No of Debt Holding 42 (Category Avg - 35.50) | Modified Duration 2.12 Years (Category Avg - 2.11)| Yield to Maturity 7.74% (Category Avg - 7.58%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	13.80%	14.87%
CD	0.00%	1.35%
CP	0.00%	0.06%
NCD & Bonds	72.79%	70.97%
PTC	0.00%	1.43%

Category - Credit Risk Fund

Security Type	% Weight	Category Average
Government Backed	13.80%	14.87%
Low Risk	64.44%	65.80%
Moderate Risk	8.35%	7.57%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Credit Risk Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			760.18	7.08%	75.00 L
Bond - J S W Steel Ltd.	NCD & Bonds	Iron & steel products	LAA	ICRA	500.81	4.67%	500.00
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	451.18	4.20%	4.50 k
Bond - GMR Airports Ltd.	NCD & Bonds	Airport & airport services	A+	CRISIL	373.79	3.48%	3.70 k
Bond - Govt of India	GOI	Other			361.27	3.37%	35.00 L
Bond - Govt of India	GOI	Other			359.23	3.35%	35.00 L
Bond - IKF Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	348.55	3.25%	3.50 k
Bond - Jubilant Bevco Ltd.	NCD & Bonds	Restaurants	AA	CRISIL	318.56	2.97%	3.00 k
Bond - Narayana Hrudayalaya Ltd.	NCD & Bonds	Hospital	LAA	ICRA	304.58	2.84%	3.00 k
Bond - J S W Energy Ltd.	NCD & Bonds	Power generation	LAA	ICRA	303.10	2.82%	3.00 k
Bond - 360 One Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	302.76	2.82%	3.00 k
Bond - SIS Ltd.	NCD & Bonds	Diversified commercial services	AA-	CRISIL	301.58	2.81%	3.00 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	LAA	ICRA	301.44	2.81%	3.00 k
Bond - Hero Housing Finance Ltd.	NCD & Bonds	Housing finance company	LAA+	ICRA	300.38	2.80%	3.00 k
Bond - Jtpm Metal Traders Pvt Ltd.	NCD & Bonds	Trading - metals	AA	CRISIL	293.20	2.73%	2.88 k
Bond - Hinduja Housing Finance Ltd.	NCD & Bonds	Housing finance	CARE AA+	CARE	292.71	2.73%	2.90 k
Bond - SK Finance Ltd.	NCD & Bonds	Financial services	LAA-	ICRA	270.81	2.52%	2.70 k
Bond - Tata Projects Ltd.	NCD & Bonds	Civil construction	AA	FITCH	253.82	2.37%	2.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	252.14	2.35%	2.50 k
Bond - National Bank for Financing Infrastructure and Development	NCD & Bonds	Non banking financial company (nbfc)	LAAA	ICRA	251.04	2.34%	2.50 k
Bond - Avanse Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	251.00	2.34%	2.50 k
Bond - Nuvama Wealth Finance Ltd.	NCD & Bonds	Stockbroking & allied	CARE AA	CARE	222.29	2.07%	2.20 k
Bond - Adani Airport Holdings Ltd.	NCD & Bonds	Airport & airport services	AA-	CRISIL	215.06	2.00%	2.70 k
Bond - Avanse Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA-	CRISIL	201.08	1.87%	2.00 k
Bond - JM Financial Products Pvt. Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	200.23	1.87%	2.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	194.57	1.81%	200.00
Bond - Kogta Financial India Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE A+	CARE	173.43	1.62%	1.75 k
Bond - Eris Lifesciences Ltd.	NCD & Bonds	Pharmaceuticals	AA	FITCH	137.09	1.28%	1.35 k
Bond - Eris Lifesciences Ltd.	NCD & Bonds	Pharmaceuticals	AA	FITCH	136.53	1.27%	1.35 k
Bond - Phillips Carbon Black Ltd.	NCD & Bonds	Chemicals - inorganic	AA	CRISIL	128.76	1.20%	1.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	99.04	0.92%	1.00 k
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	42.94	0.40%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	42.40	0.40%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	42.31	0.39%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	42.30	0.39%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	42.27	0.39%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	CARE AAA	CARE	42.27	0.39%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	42.17	0.39%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	41.86	0.39%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	41.83	0.39%	40.00
Bond - DME Development Ltd.	NCD & Bonds	Civil construction	AAA	CRISIL	41.76	0.39%	40.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	11.62	0.11%	11.00

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	3.06%
TREPS	TREPS	2.62%
Indus Infra Trust	InvITs	2.00%
Nexus Select Trust	InvITs	1.84%
IndiGrid Infrastructure Trust	InvITs	1.79%
Embassy Office Parks Reit	InvITs	1.53%
IRB Invit Fund	InvITs	0.54%

Aditya Birla Sun Life Credit Risk Fund - Direct Plan - Growth

Portfolio Summary (as on 31st Oct,2025)

Debt holding in Portfolio (as on 31st Oct,2025)

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