HDFC Aggressive Hybrid Fund
This is the Direct plan of HDFC Aggressive Hybrid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★☆☆☆2/5 vs 28 Aggressive Hybrid Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Aggressive Hybrid Fund (same plan and option).
3Y CAGR +5.55% · ranks 28 of 28 Aggressive Hybrid Funds
Volatility 9.6% vs 10.9% category avg
1.1% expense vs 1.1% category avg
96% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Aggressive Hybrid Fund peers (9.6% vs 10.9%)
- Consistent — positive in 96% of rolling 3-year windows
Concerns
- Trails the Aggressive Hybrid Fund average on 1M/3M/6M/1Y — 1Y by 6.50pp
- 3-year return (+5.55%) trails the Aggressive Hybrid Fund average (+10.68%)
- 5-year return (+7.39%) trails the Aggressive Hybrid Fund average (+9.50%)
- Ranks #27 of 28 on 1-year return in its Aggressive Hybrid Fund cohort
- Weaker risk-adjusted returns — Sharpe -0.10 below the Aggressive Hybrid Fund average of 0.37
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Aggressive Hybrid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.12% | -3.55% | -0.57% |
| 3M abs | -4.38% | -2.56% | -1.82% |
| 6M abs | +2.34% | +6.86% | -4.52% |
| 1Y CAGR | -6.59% | -0.09% | -6.50% |
| 3Y CAGR | +5.55% | +10.68% | -5.13% |
| 5Y CAGR | +7.39% | +9.50% | -2.11% |
Category average across peers in Aggressive Hybrid Fund (up to 28 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 28 peers in Aggressive Hybrid Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into HDFC Aggressive Hybrid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 50 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -8.91% | -12.85% | +3.94% | |
| 2025 | +6.60% | +11.97% | -5.37% | |
| 2024 | +13.66% | +10.16% | +3.50% | |
| 2023 | +18.50% | +21.69% | -3.19% | |
| 2022 | +9.58% | +5.68% | +3.90% | |
| 2021 | +26.50% | +25.49% | +1.01% | |
| 2020 | +14.09% | +16.57% | -2.48% | |
| 2019 | +8.23% | +13.43% | -5.20% | |
| 2018 | -10.74% | +4.40% | -15.14% | |
| 2017 | +35.93% | +30.12% | +5.81% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity69.24%
- Debt25.12%
- Other2.61%
- Cash & Equivalents1.99%
- Real Estate / REITs1.04%
AMC Profile
HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.
Fund Managers
IDIhab DalwaiManaging since 11 Sep 2026
15 years
GAGopal AgrawalManaging since 01 Sep 2026
• B.E., • MBM • B.E (Jadavpur University)
Collectively over 22 years experience in Fund Management and 2.5 years in Equity Research • July 9, 2020 till Date: HDFC Asset Management Company Limited • July 23, 2018 till June 30, 2020: DSP Investment Managers Private Limited Last Position Held: Senior Fund Manager and Head-Macro strategy • April 03, 2017 till July 16, 2018: TATA Asset Management Company Limited Last Position Held: CIO-Equity • October 01, 2007 till March 31, 2017: Mirae Asset Global Investments (India) Pvt. Ltd.. Last Position Held: CIO-Equity and Chief Strategist
AJAnupam JoshiManaging since 06 Oct 2022
Fund Manager - Fixed Income
• PGDBM Finance from Chetana’s Institute of Management & Research
Collectively over 19 years experience in Fund management, research and dealing • October 2015 till Date: HDFC Asset Management Company Limited • August 2008 till September 2015: IDFC Asset Management Company Limited Last Position Held: Director - Investments
- HDFC Corporate Bond Fund
- HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
- HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund
- HDFC Liquid Fund
- HDFC Nifty G-Sec Apr 2029 Index Fund
- HDFC Nifty G-Sec Dec 2026 Index Fund
- HDFC Nifty G-Sec July 2031 Index Fund
- HDFC Nifty G-Sec Jun 2027 Index Fund
- HDFC Nifty G-Sec Jun 2036 Index Fund
- HDFC Nifty G-Sec Sep 2032 Index Fund
- HDFC Nifty SDL Oct 2026 Index Fund
- HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund
- HDFC Ultra Short to Short Term Fund
- HDFC Gold ETF - Growth Option
- HDFC Long Term Fund - Direct Plan - Growth Option
- HDFC Medium to Long Term Fund - Direct Plan - Growth Option
BKBhagyesh KagalkarManaging since 26 Aug 2026
• B.E (Production) Collectively • MMS (Finance)
over 31 years experience in Equity Research, investments and Finance • January 3, 2007 till Date: HDFC Asset Management Company Limited
- HDFC Gold ETF - Growth Option
- HDFC Silver ETF - Growth Option
- HDFC Banking & Financial Services Fund - Direct Plan - Growth Option
- HDFC Banking and PSU Debt Fund - Direct Plan - Growth Option
- HDFC Corporate Bond Fund - Direct Plan - Growth Option
- HDFC Credit Risk Fund - Direct Plan - Growth Option
- HDFC DIVIDEND YIELD FUND - Direct Plan - Growth Option
- HDFC Dynamic Term Fund - Direct Plan - Growth Option
- HDFC ELSS - Tax Saver Fund - Direct Plan - Growth Option
- HDFC Flexi Cap Fund - Direct Plan - Growth Option
- HDFC Floating Interest Rates Fund - Direct Plan - Growth Option
- HDFC Focused Fund - Direct Plan - Growth Option
- HDFC Gilt Fund - Direct Plan - Growth Option
- HDFC Housing Opportunities Fund - Direct Plan - Growth Option
- HDFC Infrastructure Fund - Direct Plan - Growth Option
- HDFC INNOVATION FUND - Direct Plan - GROWTH OPTION
- HDFC Large & Mid Cap Fund - Direct Plan - Growth Option
- HDFC Large Cap Fund - Direct Plan - Growth Option
- HDFC Medium to Long Term Fund - Direct Plan - Growth Option
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Aggressive Hybrid funds
Aggressive hybrid funds hold roughly 65–80% equity and the rest in debt. The bond sleeve cushions falls, making them a gentler entry into equities than a pure equity fund.
From the blog
Aggressive hybrid vs large-cap funds: the cushion in numbers
02 Oct 2026
In the year to 1 October 2026 the median aggressive hybrid fund lost 1.26% against 4.71% for large-cap funds, with a shallower fall. The full spread.
Aggressive hybrid funds made 1.44% as large caps lost 1.11%
26 Jun 2026
In the year to 25 June 2026 the median aggressive hybrid fund returned 1.44%, the median large cap fund −1.11%. Hybrids fell less, rebounded nearly as far.
Frequently asked questions
What is the NAV of HDFC Aggressive Hybrid Fund?
As of 05 Oct 2026, the NAV of HDFC Aggressive Hybrid Fund is ₹119.59 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Aggressive Hybrid Fund delivered?
HDFC Aggressive Hybrid Fund has returned -6.59% over 1 year, +5.55% per year over 3 years, +7.39% per year over 5 years and +10.86% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of HDFC Aggressive Hybrid Fund?
HDFC Aggressive Hybrid Fund charges an expense ratio of 1.10% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of HDFC Aggressive Hybrid Fund?
HDFC Aggressive Hybrid Fund's largest holdings are ICICI Bank Ltd. (7.2%), HDFC Bank Ltd. (6.0%), Reliance Industries Ltd. (4.2%), Kotak Mahindra Bank Limited (3.3%) and Axis Bank Ltd. (3.2%). Holdings are disclosed monthly and change over time.
How risky is HDFC Aggressive Hybrid Fund?
HDFC Aggressive Hybrid Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 9.6% and its worst peak-to-trough fall in our sample was -33.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -0.10 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Aggressive Hybrid Fund's -0.10 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of HDFC Aggressive Hybrid Fund?
HDFC Aggressive Hybrid Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index). Its alpha and beta on this page are measured against that index.
Who manages HDFC Aggressive Hybrid Fund?
HDFC Aggressive Hybrid Fund is managed by Ihab Dalwai, Gopal Agrawal, Anupam Joshi and Bhagyesh Kagalkar at HDFC.
How is HDFC Aggressive Hybrid Fund taxed?
HDFC Aggressive Hybrid Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.