DSP Aggressive Hybrid Fund vs DSP Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund and DSP Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, DSP Aggressive Hybrid Fund (Direct) returned 10.0% a year and DSP Conservative Hybrid Fund (Direct) returned 8.2% a year. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP Conservative Hybrid Fund 0.64% (Direct plans). Their portfolios overlap 22.9%: they hold 36 of the same securities.
DSP Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.0%
- Expense ratio
- 0.78%
- NAV
- ₹383.66
DSP Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.2%
- Expense ratio
- 0.64%
- NAV
- ₹68.34
Which is better, DSP Aggressive Hybrid or DSP Conservative Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Aggressive Hybrid returned more over 5 years: 8.2% a year against 7.4%.
- DSP Aggressive Hybrid returned more over 3 years: 10.0% a year against 8.2%.
- DSP Conservative Hybrid costs less: 0.64% a year against 0.78% (Direct plans).
- DSP Conservative Hybrid swung less over 3 years: a standard deviation of 3.2% a year against 9.7%.
- DSP Conservative Hybrid fell less in its worst fall since 03-01-2013: −12.0% against −28.8%.
- DSP Aggressive Hybrid holds more in large companies: 53.6% of the fund in large caps against 15.4%.
- DSP Aggressive Hybrid is the larger fund: ₹11,312 Cr against ₹175 Cr.
- Their portfolios overlap 22.9%: 36 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 | DSP Aggressive Hybrid Fund | DSP Conservative Hybrid Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Aggressive Hybrid | Conservative Hybrid |
| AUM | ₹11,312 Cr (30-09-2026) | ₹175 Cr (30-09-2026) |
| NAV | ₹383.66 (Direct) | ₹68.34 (Direct) |
| Expense ratio (Direct) | 0.78% | 0.64% |
| Expense ratio (Regular) | 1.83% | 1.25% |
| Riskometer | Very High | Moderately High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 27-05-1999 | 11-06-2004 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe, Aniket Pande | Abhishek Singh, Shantanu Godambe |
| Exit load | Exit load of 1% if redeemed within 12 months | Nil |
DSP Aggressive Hybrid vs DSP Conservative 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 |
|---|---|---|---|---|---|---|---|
| DSP Aggressive Hybrid Fund (Direct) | +0.22% | −4.04% | −1.40% | −6.32% | +10.00% | +8.24% | +11.31% |
| DSP Conservative Hybrid Fund (Direct) | −0.26% | −1.26% | +1.06% | +1.82% | +8.24% | +7.41% | +7.09% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 29 Aggressive Hybrid funds and the 18 Conservative Hybrid funds, same plan type.
DSP Aggressive Hybrid vs DSP Conservative Hybrid: Year-wise Returns
| Year | AggressiveDSP Aggressive Hybrid | ConservativeDSP Conservative Hybrid |
|---|---|---|
| 2026to date | −6.85% | +0.64% |
| 2025 | +7.90% | +7.95% |
| 2024 | +18.90% | +11.66% |
| 2023 | +26.62% | +12.69% |
| 2022 | −1.70% | +4.21% |
| 2021 | +25.48% | +9.53% |
DSP Aggressive Hybrid vs DSP Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,669 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
DSP Aggressive Hybrid Fund (Direct)
DSP Conservative Hybrid Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Aggressive Hybrid | 0.1 | 2.8 | 10.0 | 41.9 | 32.4 | 11.5 | 1.3 | 14.6% | 14.5% | −0.4% | 26.8% |
| DSP Conservative Hybrid | 0.0 | 11.7 | 61.8 | 26.5 | 0.0 | 0.0 | 0.0 | 8.6% | 9.0% | 0.7% | 13.9% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 03-01-2013. Past returns do not promise future returns.
DSP Aggressive Hybrid vs DSP Conservative Hybrid: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct) | ₹16,60,000 | ₹41,31,049 | ₹24,71,049 | 12.3% |
| DSP Conservative HybridDSP Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹29,44,029 | ₹12,84,029 | 7.9% |
DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct)
DSP Conservative HybridDSP Conservative Hybrid Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
DSP Aggressive Hybrid vs DSP Conservative Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Aggressive Hybrid Fund (Direct) | DSP Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.32% | +1.82% |
| Standard deviation | 9.95% | 3.37% |
| Sharpe ratio | -1.16 | -1.02 |
| Sortino ratio | -1.56 | -1.38 |
| Maximum drawdown | −11.3% (30-03-2026) | −3.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | DSP Aggressive Hybrid Fund (Direct) | DSP Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.00% | +8.24% |
| Standard deviation | 9.67% | 3.21% |
| Sharpe ratio | 0.41 | 0.69 |
| Sortino ratio | 0.57 | 0.97 |
| Maximum drawdown | −11.3% (30-03-2026) | −3.2% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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.
| Measure | DSP Aggressive Hybrid Fund (Direct) | DSP Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.24% | +7.41% |
| Standard deviation | 10.11% | 3.27% |
| Sharpe ratio | 0.24 | 0.49 |
| Sortino ratio | 0.33 | 0.69 |
| Maximum drawdown | −16.7% (17-06-2022) | −4.5% (16-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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.
| Measure | DSP Aggressive Hybrid Fund (Direct) | DSP Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.71% | +8.20% |
| Standard deviation | 11.82% | 4.26% |
| Sharpe ratio | 0.56 | 0.51 |
| Sortino ratio | 0.76 | 0.67 |
| Maximum drawdown | −28.8% (23-03-2020) | −12.0% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
DSP Aggressive Hybrid Fund (Direct)
DSP Conservative Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Aggressive Hybrid Fund (Direct) | −28.8% | 19-02-2020 | 23-03-2020 | 09-11-2020 | 8 months | −7.2% |
| DSP Conservative Hybrid Fund (Direct) | −12.0% | 13-02-2020 | 23-03-2020 | 17-07-2020 | 4 months | −1.6% |
From daily values since 03-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Aggressive Hybrid Fund (Direct)
DSP Conservative Hybrid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Aggressive Hybrid Fund (Direct)
DSP Conservative Hybrid Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
DSP Aggressive Hybrid Fund (Direct)
DSP Conservative Hybrid Fund (Direct)
DSP Aggressive Hybrid vs DSP Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Aggressive Hybrid Fund, September 2026; DSP Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 22.9%
- Held by both
- 36
- Only in DSP Aggressive Hybrid
- 47
- Only in DSP Conservative Hybrid
- 14
| Security | % of DSP Aggressive Hybrid | % of DSP Conservative Hybrid |
|---|---|---|
| HDFC Bank Limited | 8.17% | 2.71% |
| ICICI Bank Limited | 7.43% | 1.82% |
| 6.87% GOI FRB 22092033 | 1.38% | 8.94% |
| ITC Limited | 3.84% | 1.12% |
| Mahindra & Mahindra Limited | 3.53% | 1.08% |
| NTPC Limited | 3.14% | 0.99% |
| Alkem Laboratories Limited | 1.99% | 0.83% |
| Indus Towers Limited | 1.60% | 0.82% |
| Kotak Mahindra Bank Limited | 3.23% | 0.81% |
| Cipla Limited | 3.14% | 0.78% |
| Axis Bank Limited | 3.70% | 0.76% |
| Oil & Natural Gas Corporation Limited | 1.16% | 0.75% |
| SBI Life Insurance Co Limited | 2.65% | 0.72% |
| HDFC Life Insurance Co Limited | 1.43% | 0.70% |
| HDFC Asset Management Co Limited | 1.33% | 0.69% |
| Hero MotoCorp Limited | 1.51% | 0.65% |
| Maruti Suzuki India Limited | 1.85% | 0.63% |
| Canara HSBC Life Insurance Co Limited | 0.85% | 0.57% |
| Petronet LNG Limited | 1.26% | 0.49% |
| Infosys Limited | 1.93% | 0.45% |
| ICICI Lombard General Insurance Co Limited | 0.95% | 0.44% |
| Cholamandalam Investment and Finance Co Limited | 0.44% | 2.86% |
| Cohance Lifesciences Limited | 0.92% | 0.42% |
| Muthoot Finance Limited | 0.39% | 4.39% |
| Syngene International Limited | 1.00% | 0.33% |
| Knowledge Realty Trust | 1.06% | 0.31% |
| 7.03% Maharashtra SDL 25062038 | 0.30% | 8.17% |
| Life Insurance Corporation Of India | 0.54% | 0.26% |
| Coromandel International Limited | 1.00% | 0.24% |
| Alembic Pharmaceuticals Limited | 0.58% | 0.23% |
| Oberoi Realty Limited | 0.78% | 0.17% |
| Cyient Limited | 0.43% | 0.17% |
| Indian Oil Corporation Limited | 0.45% | 0.15% |
| Bharat Petroleum Corporation Limited | 0.61% | 0.14% |
| Hindustan Petroleum Corporation Limited | 0.28% | 0.14% |
| IPCA Laboratories Limited | 0.32% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.9% means 22.9% 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 DSP Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| 6.90% GOI 15042065 | 4.19% |
| DSP Short Term Fund | 2.42% |
| Emami Limited | 1.57% |
| State Bank of India | 1.46% |
| Torrent Pharmaceuticals Limited | 1.38% |
Largest holdings only in DSP Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.32% GOI 13112030 | 11.91% |
| 7.06% GOI 10042028 | 5.95% |
| 6.48% GOI 06102035 | 5.63% |
| Small Industries Development Bank of India | 5.58% |
| IDFC First Bank Limited | 5.57% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Aggressive Hybrid | DSP Conservative Hybrid |
|---|---|---|
| Equity | 72.2% | 21.2% |
| Debt | 19.8% | 76.5% |
| Cash and others | 8.0% | 2.3% |
Market cap of stocks
| Market cap | DSP Aggressive Hybrid | DSP Conservative Hybrid |
|---|---|---|
| Large Cap | 53.6% | 15.4% |
| Mid Cap | 11.1% | 3.0% |
| Small Cap | 7.6% | 2.8% |
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 | DSP Aggressive Hybrid | DSP Conservative Hybrid |
|---|---|---|
| Banks | 24.0% | 6.1% |
| Pharmaceuticals & Biotechnology | 7.0% | 2.3% |
| Automobiles | 6.9% | 2.4% |
| Insurance | 6.4% | 2.7% |
| Diversified FMCG | 3.8% | 1.1% |
| Power | 3.1% | 1.0% |
| Consumer Durables | 1.4% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Aggressive Hybrid vs DSP Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Aggressive Hybrid Fund | DSP Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.78% | 0.64% |
| Base expense ratio (Direct) | 0.57% | 0.51% |
| Total expense ratio (Regular) | 1.83% | 1.25% |
| Base expense ratio (Regular) | 1.46% | 1.04% |
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 DSP Aggressive Hybrid with
Compare DSP Conservative Hybrid with
- DSP Conservative Hybrid vs Parag Parikh Conservative Hybrid
- DSP Conservative Hybrid vs HSBC Conservative Hybrid
- DSP Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- DSP Conservative Hybrid vs Nippon India Conservative Hybrid
- DSP Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
DSP Aggressive Hybrid Fund vs DSP Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between DSP Aggressive Hybrid Fund and DSP Conservative Hybrid Fund?
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund, DSP Conservative Hybrid Fund is a Conservative Hybrid fund, run by DSP Mutual Fund. Their portfolios overlap 22.9%. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP Conservative Hybrid Fund 0.64%.
Which has given higher returns, DSP Aggressive Hybrid Fund or DSP Conservative Hybrid Fund?
Over 1 year: DSP Aggressive Hybrid Fund −6.32%, DSP Conservative Hybrid Fund +1.82%. Over 3 years: DSP Aggressive Hybrid Fund +10.00% a year, DSP Conservative Hybrid Fund +8.24% a year. Over 5 years: DSP Aggressive Hybrid Fund +8.24% a year, DSP Conservative Hybrid Fund +7.41% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Aggressive Hybrid Fund or DSP Conservative Hybrid Fund?
DSP Conservative Hybrid Fund charges less: 0.64% a year against 0.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Aggressive Hybrid Fund and DSP Conservative Hybrid Fund overlap?
22.9%. They hold 36 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, 6.87% GOI FRB 22092033. From each fund's latest monthly portfolio.
Which is riskier, DSP Aggressive Hybrid Fund or DSP Conservative Hybrid Fund?
On SEBI's riskometer, DSP Aggressive Hybrid Fund is rated Very High and DSP Conservative Hybrid Fund Moderately High. Over 3 years, the standard deviation of daily returns was 9.67% and 3.21% a year.
Which is better for SIP, DSP Aggressive Hybrid Fund or DSP Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,45,178 in DSP Aggressive Hybrid Fund (XIRR 7.8% a year) and ₹7,32,394 in DSP Conservative Hybrid Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Aggressive Hybrid Fund and DSP Conservative Hybrid Fund?
Yes. 22.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Aggressive Hybrid Fund and DSP Conservative Hybrid Fund?
DSP Aggressive Hybrid Fund: Abhishek Singh, Shantanu Godambe, Aniket Pande. DSP Conservative Hybrid Fund: Abhishek Singh, Shantanu Godambe.
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.