Fundalysisby DARKHORSESTOCKS

Scheme

Aditya Birla Sun Life Retirement Fund The 40S Plan

Holds 57 companies worth ₹85.9 Cr in Sept 2026.

  • Fund house

    Aditya BirlaThe fund house that runs this scheme.

  • AUM

    ₹110 CrAditya Birla Sun Life Retirement Fund The 40S Plan's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.3% on Aug 2026, ₹116 Cr.

  • Largest holding

    ICICI BankICICI Bank is 6.4% of this scheme's NAV.

  • Fund manager

    Harshil SuvarnkarRuns its co-manager part since 22 Mar 2021, as the fund house dates it. With Mohit Sharma (co-manager).

Overview(8 Sept 2026)

Fund managers2

  1. Harshil SuvarnkarCo-manager · Mar 2021 · 16y
  2. Mohit SharmaCo-manager · May 2026 · 20y
  1. Chanchal KhandelwalOct 2024 – May 2026
  2. Dhaval JoshiNov 2022 – Oct 2025
  3. Dhaval ShahDec 2021 – Oct 2024

Key facts

Benchmark
CRISIL Hybrid 35+65 - Aggressive Index
Risk
Very High
Expense
Regular 2.42% · Direct 1.18%
Exit load
Nil
Started
11 Mar 2019
Minimum
₹1,000

Source.Its Scheme Summary Document as of 8 Sept 2026 at AMFI.

What changed(7 changes)

Sept 2026

1 change
  1. Expense ratio
    2 SeptRegular 2.09% → 2.42%Direct 0.95% → 1.18%

May 2026

2 changes
  1. Mohit Sharma joined
    13 Mayas co-manager
  2. Chanchal Khandelwal left
    13 Mayran it as co-manager from Oct 2024

Apr 2026

1 change
  1. Expense ratio
    1 AprRegular 2.1% → 2.09%Direct 1.07% → 0.95%

Source.Its filings at NSE, since Oct 2024.

Fund managers over time(Mar 2021 – now)

  1. Harshil Suvarnkar
  2. Mohit Sharma
  3. Chanchal Khandelwal
  4. Dhaval Joshi
  5. Dhaval Shah
MainCoSlice20222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Oct 2024 – Sept 2026)

Every change to the expense ratio, newest first.
3 changesRegularDirectΔ pt
2 Sept 20262.42%1.18%0.23
1 Apr 20262.09%0.95%0.12
15 Oct 20242.10%1.07%–
Direct plan, 2 Sept 2026
1.18%
Regular plan 2.42% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(8 Sept 2026)

Objective

The primary investment objective of the Scheme is income generation and capital appreciation for its investors which will be in line with their retirement goals by investing in a mix of equity, equity related instruments along with debt and money market instruments. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)
Benchmark
CRISIL Hybrid 35+65 - Aggressive Index

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments - Medium to High
    Allowed65–80%Holds78.2%
  2. Debt & Money Market Instruments - Low to Medium
    Allowed20–35%Holds21.8%

Holds in Sept 2026.78.2% equity · 21.8% debt and cash

How to invest(8 Sept 2026)

Buying

To start
₹1,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
SIP how often
OM,OW,FM,SM
SIP dates
Any Day(1 to 31) / Weekly(Monday to Friday)
SIP minimum
₹500, then in multiples of ₹1
SIP instalments
6

Selling and switching

To redeem
Rs.1 and multiples of Rs.1 thereafter or No minimum redemption criterion for Unit based redemption units
Minimum balance
₹1 or 1E-3 units
Switch minimum
₹1,000 or 1E-3 units
Switch multiples
₹0.01
STP how often
Q,OM,OW,DZ
STP dates
01,07,10,14,20,21,27,28
STP minimum
(OM/OW-Rs.500x12, Rs.1000x6) - (OQ-Rs.Rs.1000x4) - (DZ/BZ-Rs.500x20)
STP instalments
(OM/OW-Rs.500x12, Rs.1000x6) - (OQ-Rs.Rs.1000x4) - (DZ/BZ-Rs.500x20)
SWP how often
Q,OM,OW,DZ
SWP dates
01,07,10,14,20,21,28
SWP minimum
(OM/OW/BZ - Rs.500x6) - (OQ - Rs.500x4) (H - Rs.500x4) (Y - Rs.500x2)
SWP instalments
(OM/OW/BZ - Rs.500x6) - (OQ - Rs.500x4) (H - Rs.500x4) (Y - Rs.500x2)

Scheme details(8 Sept 2026)

What it is

Category
Solution Oriented Scheme - Retirement Fund
Offer
19 Feb 2019 to 5 Mar 2019
Started
11 Mar 2019
Reopened
12 Mar 2019
Plans
Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank Limited
Auditor
M/s Deloitte Haskins & Sells LLP
Registrar
Computer Age Management Services Limited
SEBI code
ABSL/O/S/RET/18/09/0070