Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and Mahindra Manulife Aggressive Hybrid Fund is an Aggressive Hybrid fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mahindra Manulife Aggressive Hybrid Fund 0.84%. Their portfolios overlap 35.9%: they hold 39 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Mahindra Manulife Aggressive Hybrid Fund
Aggressive Hybrid
- Expense ratio
- 0.84%
- NAV
- ₹28.59
Which is better, Aditya Birla Sun Life Msci India ETF or Mahindra Manulife Aggressive Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Msci India ETF costs less: 0.22% a year against 0.84%.
- Mahindra Manulife Aggressive Hybrid fell less in its worst fall since 20-02-2026: −9.6% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 40.8%.
- Mahindra Manulife Aggressive Hybrid is the larger fund: ₹2,798 Cr against ₹11 Cr.
- Their portfolios overlap 35.9%: 39 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Msci India ETF | Mahindra Manulife Aggressive Hybrid Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Mahindra Manulife Mutual Fund |
| Category | ETF | Aggressive Hybrid |
| AUM | ₹11 Cr (30-09-2026) | ₹2,798 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹28.59 (Direct) |
| Expense ratio (Direct) | Not available | 0.84% |
| Expense ratio (Regular) | Not available | 2.17% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 17-02-2026 | 19-07-2019 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹1,000 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Kirti Dalvi, Vishal Jajoo, Rahul Pal, Amit Garg |
| Exit load | NIL | Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 3 months. |
Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | −2.15% | −6.30% | −4.03% | −8.15% | +10.64% | +10.17% | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | -- |
Category average: the average of the 29 Aggressive Hybrid funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Mahindra Manulife Aggressive HybridMahindra Manulife Aggressive Hybrid |
|---|---|---|
| 2026to date | -- | −8.78% |
| 2025 | -- | +9.85% |
| 2024 | -- | +21.67% |
| 2023 | -- | +25.49% |
| 2022 | -- | +6.29% |
| 2021 | -- | +33.09% |
Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Msci India ETF | Mahindra Manulife Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +15.54% |
| Standard deviation | 15.37% | 12.11% |
| Sharpe ratio | -1.03 | 0.86 |
| Sortino ratio | -1.35 | 1.15 |
| Maximum drawdown | −12.5% (31-03-2026) | −25.4% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-02-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Msci India ETF
Mahindra Manulife Aggressive Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | −9.6% | 23-02-2026 | 30-03-2026 | Not yet | -- | −7.8% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Mahindra Manulife Aggressive Hybrid Fund, September 2026
Holdings in common
- Overlap
- 35.9%
- Held by both
- 39
- Only in Aditya Birla Sun Life Msci India ETF
- 126
- Only in Mahindra Manulife Aggressive Hybrid
- 72
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Mahindra Manulife Aggressive Hybrid |
|---|---|---|
| ICICI Bank Ltd. | 5.59% | 4.79% |
| HDFC Bank Ltd. | 6.44% | 4.69% |
| Reliance Industries Ltd. | 5.44% | 2.32% |
| Bharti Airtel Ltd. | 3.93% | 2.13% |
| Axis Bank Ltd. | 2.25% | 1.89% |
| Kotak Mahindra Bank Ltd. | 1.82% | 1.85% |
| Larsen & Toubro Ltd. | 2.02% | 1.53% |
| Eternal Ltd. | 1.22% | 1.58% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 1.12% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.05% |
| Divi's Laboratories Ltd. | 0.88% | 0.95% |
| Titan Company Ltd. | 1.30% | 0.86% |
| TVS Motor Company Ltd. | 0.78% | 1.17% |
| Shriram Finance Ltd. | 1.11% | 0.73% |
| Interglobe Aviation Ltd. | 0.75% | 0.68% |
| Grasim Industries Ltd. | 0.66% | 0.96% |
| Tech Mahindra Ltd. | 0.66% | 1.50% |
| Adani Enterprises Ltd. | 0.59% | 1.35% |
| Trent Ltd. | 0.56% | 1.01% |
| Bajaj Finserv Ltd. | 0.53% | 1.79% |
| Max Healthcare Institute Ltd. | 0.52% | 0.83% |
| Dr. Reddy's Laboratories Ltd. | 0.49% | 0.82% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 0.98% |
| Avenue Supermarts Ltd. | 0.44% | 1.16% |
| Tata Power Company Ltd. | 0.43% | 0.71% |
| CG Power and Industrial Solutions Ltd. | 0.43% | 0.49% |
| Britannia Industries Ltd. | 0.42% | 0.63% |
| IndusInd Bank Ltd. | 0.41% | 1.36% |
| Dixon Technologies (India) Ltd. | 0.39% | 1.30% |
| Pidilite Industries Ltd. | 0.33% | 0.64% |
| Marico Ltd. | 0.33% | 1.02% |
| Suzlon Energy Ltd. | 0.32% | 0.42% |
| SRF Ltd. | 0.26% | 0.88% |
| Adani Energy Solutions Ltd. | 0.22% | 1.40% |
| Mankind Pharma Ltd. | 0.21% | 0.78% |
| NMDC Ltd. | 0.19% | 0.72% |
| Godrej Properties Ltd. | 0.18% | 0.49% |
| Zydus Lifesciences Ltd. | 0.17% | 1.31% |
| Havells India Ltd. | 0.17% | 0.83% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.9% means 35.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Msci India ETF
| Security | % of fund |
|---|---|
| Infosys Ltd. | 2.41% |
| Bajaj Finance Ltd. | 1.91% |
| State Bank of India | 1.41% |
| Tata Consultancy Services Ltd. | 1.33% |
| Maruti Suzuki India Ltd. | 1.13% |
Largest holdings only in Mahindra Manulife Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Mahindra Manulife Liquid Fund -Direct Plan -Growth | 4.65% |
| 7.71% Government of India 2066 | 1.70% |
| 7.24% Government of India 2055 | 1.53% |
| Kirloskar Oil Engines Limited | 1.41% |
| KEI Industries Limited | 1.37% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Mahindra Manulife Aggressive Hybrid |
|---|---|---|
| Equity | 99.8% | 73.9% |
| Debt | 0.0% | 17.2% |
| Cash and others | 0.2% | 8.9% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Mahindra Manulife Aggressive Hybrid |
|---|---|---|
| Large Cap | 80.6% | 40.8% |
| Mid Cap | 19.2% | 22.6% |
| Small Cap | 0.0% | 10.5% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Msci India ETF | Mahindra Manulife Aggressive Hybrid |
|---|---|---|
| Banks | 20.3% | 16.0% |
| Finance | 6.3% | 7.0% |
| IT - Software | 6.6% | 2.5% |
| Petroleum Products | 6.4% | 2.3% |
| Automobiles | 6.2% | 2.2% |
| Pharmaceuticals & Biotechnology | 5.6% | 5.0% |
| Industrial Products | 1.3% | 4.2% |
| Retailing | 3.4% | 4.2% |
| Consumer Durables | 2.8% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Mahindra Manulife Aggressive Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.84% |
| Base expense ratio (Direct) | 0.00% | 0.49% |
| Total expense ratio (Regular) | Not available | 2.17% |
| Base expense ratio (Regular) | 0.16% | 1.67% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Mahindra Manulife Aggressive Hybrid with
- Mahindra Manulife Aggressive Hybrid vs Bank of India Aggressive Hybrid
- Mahindra Manulife Aggressive Hybrid vs Bandhan Aggressive Hybrid
- Mahindra Manulife Aggressive Hybrid vs Quant Aggressive Hybrid
- Mahindra Manulife Aggressive Hybrid vs HSBC Aggressive Hybrid
- Mahindra Manulife Aggressive Hybrid vs Edelweiss Aggressive Hybrid
Aditya Birla Sun Life Msci India ETF vs Mahindra Manulife Aggressive Hybrid Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Mahindra Manulife Aggressive Hybrid Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Mahindra Manulife Aggressive Hybrid Fund is an Aggressive Hybrid fund, run by Aditya Birla Sun Life Mutual Fund and Mahindra Manulife Mutual Fund. Their portfolios overlap 35.9%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Mahindra Manulife Aggressive Hybrid Fund 0.84%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Mahindra Manulife Aggressive Hybrid Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.84%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Mahindra Manulife Aggressive Hybrid Fund overlap?
35.9%. They hold 39 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Mahindra Manulife Aggressive Hybrid Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Mahindra Manulife Aggressive Hybrid Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 12.11% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Mahindra Manulife Aggressive Hybrid Fund?
Yes. 35.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Mahindra Manulife Aggressive Hybrid Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Mahindra Manulife Aggressive Hybrid Fund: Kirti Dalvi, Vishal Jajoo, Rahul Pal, Amit Garg.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.