HSBC Aggressive Hybrid Fund
This is the Direct plan of HSBC 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
★★★☆☆3/5 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 +12.84% · ranks 4 of 28 Aggressive Hybrid Funds
Volatility 13.6% vs 10.8% category avg
1.0% expense vs 1.1% category avg
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 4.56pp
- 3-year return (+12.84%) beats the Aggressive Hybrid Fund average (+10.41%)
- Ranks #5 of 28 on 1-year return in its Aggressive Hybrid Fund cohort
- Stronger risk-adjusted returns — Sharpe 0.47 vs 0.35 Aggressive Hybrid Fund average
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Aggressive Hybrid Fund peers (13.6% vs 10.8%)
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 | -2.42% | -3.61% | +1.19% |
| 3M abs | +0.61% | -2.73% | +3.34% |
| 6M abs | +13.06% | +6.47% | +6.59% |
| 1Y CAGR | +4.07% | -0.49% | +4.56% |
| 3Y CAGR | +12.84% | +10.41% | +2.43% |
| 5Y CAGR | — | +9.42% | — |
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.
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 | +4.10% | -12.85% | +16.95% | |
| 2025 | +2.49% | +11.97% | -9.48% | |
| 2024 | +23.98% | +10.16% | +13.82% | |
| 2023 | +25.59% | +21.69% | +3.90% | |
| 2022part | -1.72% | — | — |
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 away25 Sep 2026
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- Equity74.59%
- Debt23.31%
- Cash & Equivalents2.10%
Fund size over time
Quarterly average AUM · AMFIAt 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.
Fund Managers
GBGautam BhupalManaging since 01 Oct 2023
Vice President & Fund Manager Equities
PGDBM, CA, CS, B.Com (Hons)
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.
SRShriram RamanathanManaging since 30 May 2016
CIO - Fixed Income
B.E (Electrical), PGDBM XLRI, CFA
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
MRMohd Asif RizwiManaging since 01 May 2024
VP Dealing Fixed Income
PUBLIC PGDM from IIM Calcutta & B. Tech (Chemical Engineering) from IIT Bombay
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.
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SGSonal GuptaManaging since 05 Jul 2021
Head of Research – Equity
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
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)]
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
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 ₹67.17 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 +4.07% over 1 year, +12.84% per year over 3 years and +13.57% 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 0.97% 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 -19.6%. 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 0.47 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Aggressive Hybrid Fund's 0.47 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.