Fundalysisby DARKHORSESTOCKS

Fund manager · Aditya Birla

Dhaval Shah

Fund Manager and Analyst, Head – Research (Equity) at Aditya Birla. Runs 3 schemes worth ₹16,362 Cr.

  • Fund house

    Aditya BirlaThey run their schemes at Aditya Birla.

  • AUM they run

    ₹16,362 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    3 now · 7 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Oct 2024.

  • Experience

    21 years~21 years

Profile(Aditya Birla's SAI, 31 Aug 2026)

About

Role
Fund Manager and Analyst, Head – Research (Equity)
Age
46 years
Experience
~21 years

Schemes now3

  1. Aditya Birla Sun Life ELSS Tax Saver Fund₹13,559 Cr
  2. Aditya Birla Sun Life Transportation and Logistics Fund₹1,726 Cr
  3. Aditya Birla Sun Life Pharma Healthcare Fund₹1,078 Cr

AUM they run(May 2020 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 202616,362−6.2%
Aug 202617,453+0.2%
Jul 202617,425+2.2%
Jun 202617,051+2.1%
May 202616,696+9.3%
Apr 202615,279+9.3%
Mar 202613,976−10.7%
Feb 202615,647−1.0%
Jan 202615,812−2.7%
Dec 202516,252−1.8%
Nov 202516,549+0.1%
Oct 202516,529+0.7%
AUM at month end, Sept 2026
₹16,362 Cr
−1.0% since Oct 2025
Fig. 1.The AUM of the schemes Dhaval Shah ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Jul 2019 – now)

  1. Pharma Healthcare Fund
  2. Conservative Hybrid Fund
  3. Multi Cap Fund
  4. Retirement Fund The 30S Plan
  5. Retirement Fund The 50S Plan
  6. Retirement Fund The 40S Plan
  7. Retirement Fund The 50S Plus Debt Plan
  8. Multi Asset Allocation Fund
  9. ELSS Tax Saver Fund
  10. Transportation and Logistics Fund
Aditya Birla2020202120222023202420252026
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Jul 2019 – now)

Aditya Birla

3 now · since Jul 2019
  1. Aditya Birla Sun Life ELSS Tax Saver Fund
    Fund managerOct 2024—2y 1m₹13,559 CrTax Saver (ELSS)TER 1.08%
  2. Aditya Birla Sun Life Retirement Fund The 30S Plan
    Co-managerDec 2021—Oct 20253y 11mRetirement

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(10 schemes)

Growth · Direct plans

Return as manager
+14.62%
Beat peers
3 of 9
vs peers
−0.55 pt
Longest run
7.3 years
Beat benchmark
Upcoming
Each scheme Dhaval Shah ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Aditya Birla Sun Life Pharma Healthcare Fund
Jul '19–now · 7.3y
+20.39%+16.46%+3.93 pt––
Aditya Birla Sun Life Conservative Hybrid Fund
May '20–Oct '24 · 4.4y
+14.62%+12.05%+2.57 pt––
Aditya Birla Sun Life Multi Cap Fund
May '21–Oct '24 · 3.4y
+25.29%+27.25%−1.96 pt––
Aditya Birla Sun Life Retirement Fund The 50S Plus Debt Plan
Dec '21–Oct '24 · 2.8y
+5.21%+15.63%−10.42 pt––
Aditya Birla Sun Life Retirement Fund The 50S Plan
Dec '21–Oct '24 · 2.8y
+8.84%+15.63%−6.79 pt––
Aditya Birla Sun Life Retirement Fund The 40S Plan
Dec '21–Oct '24 · 2.8y
+14.97%+15.51%−0.54 pt––
Aditya Birla Sun Life Retirement Fund The 30S Plan
Dec '21–Oct '25 · 3.8y
+12.67%+10.22%+2.44 pt––
Aditya Birla Sun Life Multi Asset Allocation Fund
Feb '23–Oct '24 · 1.7y
+26.48%+28.13%−1.65 pt––
Aditya Birla Sun Life ELSS Tax Saver Fund
Oct '24–now · 2.0y
−3.30%−2.75%−0.55 pt––
Aditya Birla Sun Life Transportation and Logistics Fund
May '26–now · 0.5y
+14.09%+0.55%+13.55 pt––
Fig. 1.Each scheme Dhaval Shah ran, against its peers and benchmark over the same months. Source: AMFI.