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HSBC Aggressive Hybrid Fund

Q: What is the NAV of HSBC Aggressive Hybrid Fund?

As of 05 Oct 2026, the NAV of HSBC Aggressive Hybrid Fund is ₹58.38 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Aggressive Hybrid Fund delivered?

HSBC Aggressive Hybrid Fund has returned +2.99% over 1 year, +11.67% per year over 3 years and +12.40% 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.

Q: What is the expense ratio of HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund charges an expense ratio of 1.98% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund's largest holdings are ICICI Bank Limited (4.7%), GE Vernova T&D India Limited (3.6%), HDFC Bank Limited (3.0%), Karur Vysya Bank Limited (2.8%) and CG Power And Industrial Solutions Ltd (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.6% and its worst peak-to-trough fall in our sample was -19.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.38 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Aggressive Hybrid Fund's 0.38 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 65:35 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund is managed by Gautam Bhupal, Shriram Ramanathan, Mohd Asif Rizwi and Sonal Gupta at HSBC.

Q: How is HSBC Aggressive Hybrid Fund taxed?

HSBC 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.

HSBC Mutual Fund · Best Aggressive Hybrid Mutual Funds

NAV

₹58.38

+0.75% 1D

as of 05 Oct 2026

This is the Regular plan of HSBC Aggressive Hybrid Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+2.38%absolute

52-week rangePrev NAV ₹57.95

Latest ₹58.38

Low ₹51.2777th percentile of its 52-week rangeHigh ₹60.52

Scorecard

★★★★☆4/5 vs 29 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).

PerformanceStrong

3Y CAGR +11.67% · ranks 4 of 28 Aggressive Hybrid Funds

RiskHigh

Volatility 13.6% vs 10.8% category avg

CostLow

2.0% expense vs 2.2% category avg

ConsistencyHigh

100% 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

Ahead of the Aggressive Hybrid Fund average on 1M/3M/6M/1Y — 1Y by 4.66pp
3-year return (+11.67%) beats the Aggressive Hybrid Fund average (+9.07%)
Ranks #5 of 28 on 1-year return in its Aggressive Hybrid Fund cohort
Stronger risk-adjusted returns — Sharpe 0.38 vs 0.23 Aggressive Hybrid Fund average
Low expense ratio (1.98%) vs the Aggressive Hybrid Fund average of 2.24%

Concerns

More volatile than its Aggressive Hybrid Fund peers (13.6% vs 10.8%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.98%

Category 2.24%▼0.26%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

35.49

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.38

Category 0.23▲0.15

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY 50 Hybrid Composite Debt 65:35 Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

28 Nov 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-2.50%

Absolute return over the last 3 months (not annualized)

+0.35%

Absolute return over the last 6 months (not annualized)

+12.46%

Absolute return since 1 Jan of this year (not annualized)

+3.28%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.99%

3-year annualized return (CAGR)

+11.67%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+12.40%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.59%

Excess return per unit of total volatility (rf = 6.5%)

0.38

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.51

Largest peak-to-trough decline over full history

-19.76%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

4.97%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.82

How much of the fund's movement Nifty 50 TRI explains

67.3%

Excess return per unit of beta (market risk)

6.02

Active return over the benchmark per unit of tracking error

0.62

Annualized std dev of fund-minus-benchmark returns

8.46%

Fund's share of benchmark gains in up months (100 = matches index)

97.1%

Fund's share of benchmark losses in down months (lower is better)

65.4%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Aggressive Hybrid Fund)

Period	Fund	Category avg.	Diff
1M abs	-2.50%	-3.71%	+1.21%
3M abs	+0.35%	-3.03%	+3.38%
6M abs	+12.46%	+5.83%	+6.63%
1Y CAGR	+2.99%	-1.67%	+4.66%
3Y CAGR	+11.67%	+9.07%	+2.60%
5Y CAGR	—	+8.10%	—

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

1Y return

+2.99%

Beats 85.2% · rank #5

3Y return

+11.67%

Beats 88.9% · rank #4

5Y return

—

Sharpe

0.38

Beats 77.8% · rank #7

Sortino

0.51

Beats 77.8% · rank #7

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.98L

Absolute

+10.53%

XIRR

+6.98%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into HSBC 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	+3.28%	-12.85%	+16.13%
2025	+1.44%	+11.97%	-10.53%
2024	+22.69%	+10.16%	+12.53%
2023	+24.30%	+21.69%	+2.61%
2022part	-1.81%	—	—

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Sonal Gupta; Mayank Chaturvedi, Dipan S. Parikh stepped away
25 Sep 2026

History points

949

Expense ratio

1.98%

AUM

₹5,460Cr

Portfolio turnover

28%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

35.5

P/B ratio

8.1

Avg market cap

₹2,49,283Cr

P/E & P/B are portfolio-weighted harmonic means across 54 of 63 equity holdings (62% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Aggressive Hybrid Fund

Compare all


HSBC Aggressive Hybrid FundThis fund HSBC · Regular · Growth	★★★★☆	+2.99%	+11.67%	—	—	1.98%	₹5,460Cr
Bank of India Aggressive Hybrid Fund Bank of India · Regular · Growth	★★★★☆	+11.30%	+14.88%	+12.95%	—	2.25%	—
Bandhan Aggressive Hybrid Fund Bandhan · Regular · Growth	★★★☆☆	+3.34%	+12.16%	+9.48%	—	2.24%	₹1,976Cr
ICICI Prudential Aggressive Hybrid Fund ICICI Prudential · Regular · Growth	★★★★★	-2.40%	+11.77%	+12.36%	—	1.61%	—
Quant Aggressive Hybrid Fund quant · Regular · Growth	★★★☆☆	+4.68%	+11.65%	+10.48%	—	2.71%	₹2,054Cr
Kotak Aggressive Hybrid Fund Kotak Mahindra · Regular · Growth	★★★★☆	-0.31%	+10.76%	+9.78%	—	1.90%	₹8,382Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap52.4%
Mid cap25.2%
Small cap22.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity74.59%
Debt23.31%
Cash & Equivalents2.10%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

ICICI Bank Limited

4.66%

GE Vernova T&D India Limited

3.56%

HDFC Bank Limited

3.04%

Karur Vysya Bank Limited

2.81%

CG Power And Industrial Solutions Ltd

2.76%

Mahindra & Mahindra Limited

2.72%

Eternal Limited

2.66%

Radico Khaitan Limited

2.53%

Bharat Electronics Limited

1.98%

KEI Industries Limited

1.84%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
HSBC Business Cycles Fund HSBC · Sectoral/ Thematic	45.6%	★★★☆☆	1.14%	+15.69%
HSBC Large & Mid Cap Fund HSBC · Large & Mid Cap Fund	41.2%	★★★☆☆	1.34%	+16.77%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	41.0%	★★★☆☆	0.69%	+10.64%
Invesco India Large Cap Fund Invesco · Large Cap Fund	38.9%	★★★★☆	0.91%	+12.99%
Franklin India Balanced Advantage Fund Franklin Templeton · Dynamic Asset Allocation or Balanced Advantage	38.5% of 67% equity	★★★★☆	0.80%	+8.96%
Invesco India Multi Cap Fund Invesco · Multi Cap Fund	38.4%	★★☆☆☆	0.93%	+11.89%
Kotak Focused Fund Kotak Mahindra · Focused Fund	38.2%	★★★★☆	0.74%	+13.81%
Axis Multicap Fund Axis · Multi Cap Fund	38.1%	★★★★★	1.00%	+18.51%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

4 holdings — 3.40% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I1.07%
Shivalik Bimetal Controls LimitedLong-term · Stage I1.04%
Sterlite Technologies LimitedLong-term · Stage IV0.82%
Optiemus Infracom LimitedShort-term · Stage I0.47%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-19.8%16 Dec 2024 → 28 Feb 2025
Fell over 2 months, back to the old high on 17 Oct 2025 — 8 months under water after the low.
-11.5%20 Oct 2025 → 23 Mar 2026
Fell over 5 months, back to the old high on 18 Jun 2026 — 3 months under water after the low.
-7.6%15 Oct 2024 → 13 Nov 2024
Fell over 29 days, back to the old high on 09 Dec 2024 — 26 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹5,460Cr

April - June 2026

+1%

since January - March 2026

+₹91.36Cr

est. net flow, last quarter

At or near its largest, ₹5,460Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

HSBC Mutual Fund is the Indian arm of HSBC Asset Management and has operated here since 2002. It roughly tripled in size by acquiring L&T Mutual Fund in 2022 and merging the two line-ups.

Launched

26 May 2002

Total AUM

₹1,56,995Cr+9.8% QoQ

Avg AUM · July - September 2026

Website

assetmanagement.hsbc.co.in/en

Fund Managers

GBGautam BhupalManaging since 01 Oct 2023

Role

Vice President & Fund Manager Equities

Education

PGDBM, CA, CS, B.Com (Hons)

Experience

Over 21 years of experience in Research and Fund Management. HSBC Asset Management (India) Private Limited President & Fund Manager, from October 2015 to February 2022 Vice President – Investment Management, from June 2015 to October 2016. Fund Manager for PMS Portfolios from July 2008 to June 2015 UTI Asset Management Company Equity Research Analyst from May 2004 to June 2008.

Funds managed (4)

All schemes Gautam Bhupal runs →

SRShriram RamanathanManaging since 30 May 2016

Role

CIO - Fixed Income

Education

B.E (Electrical), PGDBM XLRI, CFA

Experience

Over 25 years of experience. HSBC Asset Management (India) Private Limited as CIO - Fixed Income (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited as Head of Fixed Income from July 6, 2012 to November 25, 2022. FIL Fund Management Private Limited as Portfolio Manager - Fixed Income from December 2009 to June 2012. ING Investment Management Asia Pacific (Hong Kong) as Senior Investment Manager – Global Emerging Market Debt (Asia) from September 2005 to October 2009 ING Investment Management (India) Private Limited as Portfolio Manager - Fixed Income from June 2003 to September 2005. Zurich (India) Asset Management Company as Dealer / Research - Fixed Income from September 2001 to June 2003 ICICI Limited Mumbai as Treasury from June 2000 to September 2001 Larsen & Toubro Limited in Design Department, Switchgear Group from August 1997 to May 1998

Funds managed (7)

All schemes Shriram Ramanathan runs →

MRMohd Asif RizwiManaging since 01 May 2024

Role

VP Dealing Fixed Income

Education

PUBLIC PGDM from IIM Calcutta & B. Tech (Chemical Engineering) from IIT Bombay

Experience

Over 16 years of experience HSBC Asset Management (India) Private. Limited as SVP - Fund Management - Fixed Income (Since January 16, 2024) as SVP - Dealing - Fixed Income (from March 1, 2023 to January 15, 2024) as VP - Dealing - Fixed Income (from November 26, 2022 to February 28, 2023) Prior Assignments: L&T Investment Management Ltd. as Senior Dealer in Fixed Income since May 11, 2020 to November 25, 2022 Yes Bank Ltd as Executive Vice President from April 2020, 2015 to May 08, 2020. ICICI Bank Ltd. as Senior Manager from May 9, 2012 to April 18, 2015. Deutsche Bank Global Markets Centre as Senior Analyst from July 2007 to May 2010.

Funds managed (15)

All schemes Mohd Asif Rizwi runs →

SGSonal GuptaManaging since 05 Jul 2021

Role

Head of Research – Equity

Education

CFA Charter from CFA Institute, USA Post Graduate Diploma in Management from Indian Institute of Management, Bangalore. Bachelors in Mechanical Engineering, Delhi College of Engineering, Delhi University

Experience

Over 22 years of experience HSBC Asset Management (India) Private. Limited as Head Research – Equities (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited as Head of Research – Equity from June 1, 2021 to November 25, 2022 UBS Securities India Pvt Ltd from June 19, 2006 till May 28, 2021 [Director – Equity Research (since Mar’ 2010)]

Funds managed (5)

All schemes Sonal Gupta runs →

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.

Explore from here

Fund managers

Gautam Bhupal Shriram Ramanathan Mohd Asif Rizwi Sonal Gupta

Top holdings

ICICI Bank Limited GE Vernova T&D India Limited HDFC Bank Limited Karur Vysya Bank Limited CG Power And Industrial Solutions Ltd Mahindra & Mahindra Limited Eternal Limited Radico Khaitan Limited Bharat Electronics Limited KEI Industries Limited InterGlobe Aviation Limited ICICI Prudential AMC Ltd

HSBC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

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.

Frequently asked questions

What is the NAV of HSBC Aggressive Hybrid Fund?

As of 05 Oct 2026, the NAV of HSBC Aggressive Hybrid Fund is ₹58.38 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Aggressive Hybrid Fund delivered?

HSBC Aggressive Hybrid Fund has returned +2.99% over 1 year, +11.67% per year over 3 years and +12.40% 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 HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund charges an expense ratio of 1.98% 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 HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund's largest holdings are ICICI Bank Limited (4.7%), GE Vernova T&D India Limited (3.6%), HDFC Bank Limited (3.0%), Karur Vysya Bank Limited (2.8%) and CG Power And Industrial Solutions Ltd (2.8%). Holdings are disclosed monthly and change over time.

How risky is HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.6% and its worst peak-to-trough fall in our sample was -19.8%. 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 0.38 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Aggressive Hybrid Fund's 0.38 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 65:35 Index. Its alpha and beta on this page are measured against that index.

Who manages HSBC Aggressive Hybrid Fund?

HSBC Aggressive Hybrid Fund is managed by Gautam Bhupal, Shriram Ramanathan, Mohd Asif Rizwi and Sonal Gupta at HSBC.

How is HSBC Aggressive Hybrid Fund taxed?

HSBC 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.