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Value / Contra · Aditya Birla Sun Life Mutual Fund · AMFI code 108166Aditya Birla Sun Life Value Fund
Disclosed for 137 months, Oct 2012 to Sep 2026.Published as: ADITYA BIRLA SUN LIFE VALUE FUND
Aditya Birla Sun Life Value Fund is an active equity fund in the Value / Contra category from Aditya Birla Sun Life Mutual Fund. In September 2023 it disclosed 70 stocks worth ₹4,854 Cr, up ₹157 Cr from Aug 2023. Its largest positions were Ramkrishna Forgings Limited (4.6%), Infosys Limited (4.2%), State Bank of India (3.9%); the ten largest together made up 32.5% of the portfolio, and Banks was the biggest sector at 20.7% of its equity. Cash and debt stood at 2.7%. Compared with Aug 2023 the fund entered 3 new stocks and exited 8.
Against 26 other Value / Contra funds
Concentration
35%
Top-10 weight is higher than 35% of peers
Breadth
73%
Holds more stocks than 73% of peers
Cash
31%
Holds more cash than 31% of peers
What these mean: concentration · cash
Holdings in September 2023
Download CSVEvery line the fund disclosed, with the change against Aug 2023. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Ramkrishna Forgings Limited | 4.56% | down 1.16 pts | ₹221 Cr | down ₹47.2 Cr | Trimmed |
| Infosys Limited | 4.21% | down 0.14 pts | ₹204 Cr | — | Held |
| State Bank of India | 3.87% | up 0.12 pts | ₹188 Cr | up ₹11.7 Cr | Added |
| ICICI Bank Limited | 3.31% | down 0.14 pts | ₹161 Cr | down ₹1.2 Cr | Trimmed |
| ITC Limited | 3.05% | up 0.16 pts | ₹148 Cr | up ₹12.1 Cr | Added |
| Welspun Corp Limited | 3.04% | up 0.26 pts | ₹148 Cr | up ₹16.8 Cr | Added |
| Axis Bank Limited | 2.77% | up 1.21 pts | ₹135 Cr | up ₹61.3 Cr | Added |
| Sun Pharmaceutical Industries Limited | 2.75% | up 0.02 pts | ₹133 Cr | up ₹5.4 Cr | Added |
| Cash, TREPS & receivables | 2.70% | up 1.53 pts | ₹131 Cr | up ₹76.3 Cr | Added |
| Minda Corporation Limited | 2.64% | down 0.04 pts | ₹128 Cr | up ₹2.2 Cr | Added |
| The Federal Bank Limited | 2.26% | down 0.41 pts | ₹110 Cr | down ₹15.6 Cr | Trimmed |
| Carborundum Universal Limited | 2.15% | up 0.01 pts | ₹104 Cr | up ₹3.6 Cr | Added |
| Reliance Industries Limited | 2.03% | down 0.12 pts | ₹98.5 Cr | down ₹2.6 Cr | Trimmed |
| Larsen & Toubro Limited | 1.95% | up 0.02 pts | ₹94.8 Cr | up ₹4.1 Cr | Added |
| Poonawalla Fincorp Limited | 1.91% | down 0.25 pts | ₹92.5 Cr | down ₹8.9 Cr | Trimmed |
| Granules India Limited | 1.86% | up 0.25 pts | ₹90.3 Cr | up ₹14.6 Cr | Added |
| Pricol Limited | 1.73% | down 0.31 pts | ₹84 Cr | down ₹11.7 Cr | Trimmed |
| Strides Pharma Science Limited | 1.70% | up 0.17 pts | ₹82.3 Cr | up ₹10.5 Cr | Added |
| Dalmia Bharat Limited | 1.68% | up 0.17 pts | ₹81.8 Cr | up ₹10.9 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 1.67% | down 0.03 pts | ₹80.9 Cr | up ₹99 L | Added |
| HCL Technologies Limited | 1.60% | up 0.03 pts | ₹77.4 Cr | up ₹3.9 Cr | Added |
| Bank of India | 1.59% | down 0.03 pts | ₹77.3 Cr | up ₹1.2 Cr | Added |
| Honeywell Automation India Limited | 1.58% | down 0.04 pts | ₹76.7 Cr | up ₹40 L | Added |
| Jindal Steel & Power Limited | 1.52% | down 0.01 pts | ₹73.7 Cr | up ₹1.8 Cr | Added |
| IndusInd Bank Limited | 1.51% | up <0.01 pts | ₹73.5 Cr | up ₹2.6 Cr | Added |
| Ambuja Cements Limited | 1.49% | down 0.06 pts | ₹72.4 Cr | down ₹61 L | Trimmed |
| Kalpataru Projects International Limited | 1.42% | down 0.11 pts | ₹68.9 Cr | down ₹3.2 Cr | Trimmed |
| Hero MotoCorp Limited | 1.39% | up 0.02 pts | ₹67.6 Cr | up ₹3.1 Cr | Added |
| Balrampur Chini Mills Limited | 1.39% | up 0.11 pts | ₹67.3 Cr | up ₹7.2 Cr | Added |
| Orient Cement Limited | 1.39% | down 0.16 pts | ₹67.3 Cr | down ₹5.5 Cr | Trimmed |
| NTPC Limited | 1.35% | up 0.10 pts | ₹65.7 Cr | up ₹6.8 Cr | Added |
| GAIL (India) Limited | 1.35% | up 0.59 pts | ₹65.3 Cr | up ₹29.7 Cr | Added |
| Union Bank of India | 1.34% | up 0.22 pts | ₹65.1 Cr | up ₹12.5 Cr | Added |
| Tata Motors Limited | 1.30% | up 1.30 pts | ₹63 Cr | up ₹63 Cr | New |
| Manappuram Finance Limited | 1.26% | up 0.12 pts | ₹61.2 Cr | up ₹7.5 Cr | Added |
| Bandhan Bank Limited | 1.25% | up 0.07 pts | ₹60.8 Cr | up ₹5.3 Cr | Added |
| Birlasoft Limited | 1.25% | down 0.43 pts | ₹60.8 Cr | down ₹18.1 Cr | Trimmed |
| Punjab National Bank | 1.22% | down 0.15 pts | ₹59.4 Cr | down ₹5.2 Cr | Trimmed |
| Tata Communications Limited | 1.22% | up 0.05 pts | ₹59.2 Cr | up ₹4.4 Cr | Added |
| Max Financial Services Limited | 1.19% | down 0.07 pts | ₹57.6 Cr | down ₹1.5 Cr | Trimmed |
| Praj Industries Limited | 1.11% | up 0.15 pts | ₹53.9 Cr | up ₹8.6 Cr | Added |
| NLC India Limited | 1.10% | up <0.01 pts | ₹53.5 Cr | up ₹1.8 Cr | Added |
| LTIMindtree Limited | 1.08% | down 0.03 pts | ₹52.5 Cr | up ₹17 L | Held |
| Multi Commodity Exchange of India Limited | 1.04% | down 0.02 pts | ₹50.6 Cr | up ₹83 L | Added |
| Steel Authority of India Limited | 1.02% | up <0.01 pts | ₹49.8 Cr | up ₹1.7 Cr | Added |
| IDFC First Bank Limited | 1.02% | down 0.01 pts | ₹49.7 Cr | up ₹1.1 Cr | Added |
| Aditya Birla Fashion and Retail Limited | 0.95% | down 0.06 pts | ₹46.1 Cr | down ₹1.1 Cr | Trimmed |
| MTAR Technologies Limited | 0.93% | down 0.11 pts | ₹45.1 Cr | down ₹3.6 Cr | Trimmed |
| Tamil Nadu Newsprint & Papers Limited | 0.88% | up 0.02 pts | ₹42.5 Cr | up ₹2.2 Cr | Added |
| Chalet Hotels Limited | 0.87% | down 0.02 pts | ₹42.3 Cr | up ₹47 L | Added |
What changed, Aug 2023 to Sep 2023
New New positions (3)
- Tata Motors Limited1.3% · ₹63 Cr
- JSW Infrastructure Ltd0.4% · ₹19 Cr
- Hindustan Aeronautics Limited0.4% · ₹17.7 Cr
Exited Exited (8)
- HDFC Bank Limitedwas 0.8% · ₹39.3 Cr
- Ashok Leyland Limitedwas 0.6% · ₹29.1 Cr
- Persistent Systems Limitedwas 0.5% · ₹23.4 Cr
- REC Limitedwas 0.4% · ₹19.1 Cr
- Hindustan Aeronautics Limitedwas 0.4% · ₹17.9 Cr
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2023, the weight rose most in Automobiles (+1.4 pts) and Gas (+0.6 pts), and fell most in Auto Components (−1.4 pts) and IT - Software (−1.0 pts).
- Automobiles1.4% → 2.8%+1.4 pts
- Gas0.8% → 1.4%+0.6 pts
- Transport Infrastructure0.0% → 0.4%new+0.4 pts
- Banks20.3% → 20.7%+0.4 pts
- Realty1.8% → 2.2%+0.4 pts
- Pharmaceuticals & Biotechnology4.4% → 4.7%+0.3 pts
- Auto Components11.1% → 9.7%−1.4 pts
- IT - Software9.3% → 8.4%−1.0 pts
- Finance7.0% → 6.1%−0.9 pts
- Agricultural, Commercial & Construction Vehicles0.6% → 0.0%exited−0.6 pts
- Petroleum Products3.1% → 2.7%−0.4 pts
- Ferrous Metals2.9% → 2.6%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Sep 2020 | Sep 2022 | Mar 2023 | Jun 2023 | Aug 2023 | Sep 2023 |
|---|---|---|---|---|---|---|
| Banks | 10.0% | 21.9% | 23.1% | 19.6% | 20.3% | 20.7% |
| Auto Components | 3.1% | 6.2% | 7.5% | 8.8% | 11.1% | 9.7% |
| IT - Software | 5.8% | 8.9% | 13.0% | 13.4% | 9.3% | 8.4% |
| Finance | 4.5% | 4.7% | 4.6% | 5.3% | 7.0% | 6.1% |
| Industrial Products | 1.6% | 5.0% | 4.1% | 4.8% | 5.0% | 5.3% |
| Pharmaceuticals & Biotechnology | 11.4% | 5.8% | 5.0% | 4.4% | 4.4% | 4.7% |
| Cement & Cement Products | 4.7% | 3.4% | 3.1% | 3.8% | 3.4% | 3.5% |
| Construction | 2.2% | 1.3% | 2.5% | 3.4% | 3.5% | 3.5% |
| Diversified FMCG | 0.7% | — | 2.1% | 2.3% | 2.9% | 3.1% |
| Industrial Manufacturing | — | 3.3% | 2.8% | 2.8% | 2.6% | 2.8% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2023
2.7%
▲ 1.5 pts vs Aug 2023
- Cash alone
- 2.7%
- cash and net receivables
- A year earlier
- 6.7%
- Sep 2022 · now ▼ 4.0 pts
- Last 12 months
- 0.7% – 6.1%
- lowest to highest · record 15.1% in Apr 2014
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.