Thanks for posting your query. Aditya Birla SL Pure value is a value fund. It follows a value style of investing where in fund manager selects those stocks which it feels that they are trading at good valuations. Currently they have high exposure to mid & small cap stocks as these stocks have correct significantly in last few months. This fund is slightly aggressive in nature and this makes it slightly volatile. If you are comfortable with volatility then it is fine for long term.
Its fund manager Mr. Mahesh patil is considered to be a good fund manager and the other funds which he manages have performed well in last many years. His stock selection has paid of by generating good returns in last many years.