Aditya Birla Sun Life Nifty India Defence Index Fund-Regular-Growth

Aditya Birla Sun Life Nifty India Defence Index Fund-Regular-Growth ranks among the stronger performers in the Equity Funds category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 82/100.

Cost: At 0.41%, the expense ratio is meaningfully cheaper — about 13% below the Equity Funds category average of 0.47% (based on 24 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.51 — decent risk-adjusted performance, without being exceptional. Separately, with 24.97% annualised volatility, this is among the more turbulent funds in its space — expect sharp swings in both directions.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Index fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.