DSP Aggressive Hybrid Fund vs DSP ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund and DSP ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, DSP Aggressive Hybrid Fund (Direct) returned 10.0% a year and DSP ELSS Tax Saver Fund (Direct) returned 13.0% a year. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP ELSS Tax Saver Fund 0.91% (Direct plans). Their portfolios overlap 48.0%: they hold 28 of the same securities.
DSP Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.0%
- Expense ratio
- 0.78%
- NAV
- ₹383.66
DSP ELSS Tax Saver Fund
ELSS
- 3 year return
- 13.0%
- Expense ratio
- 0.91%
- NAV
- ₹147.63
Which is better, DSP Aggressive Hybrid or DSP ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP ELSS Tax Saver returned more over 5 years: 10.9% a year against 8.2%.
- DSP ELSS Tax Saver returned more over 3 years: 13.0% a year against 10.0%.
- DSP Aggressive Hybrid costs less: 0.78% a year against 0.91% (Direct plans).
- DSP Aggressive Hybrid swung less over 3 years: a standard deviation of 9.7% a year against 14.0%.
- DSP Aggressive Hybrid fell less in its worst fall since 02-01-2013: −28.8% against −37.2%.
- DSP ELSS Tax Saver holds more in large companies: 76.1% of the fund in large caps against 53.6%.
- DSP ELSS Tax Saver is the larger fund: ₹15,569 Cr against ₹11,312 Cr.
- Their portfolios overlap 48.0%: 28 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 ELSS Tax Saver Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Aggressive Hybrid | ELSS |
| AUM | ₹11,312 Cr (30-09-2026) | ₹15,569 Cr (30-09-2026) |
| NAV | ₹383.66 (Direct) | ₹147.63 (Direct) |
| Expense ratio (Direct) | 0.78% | 0.91% |
| Expense ratio (Regular) | 1.83% | 1.80% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty 500 TRI |
| Launch date | 27-05-1999 | 18-01-2007 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Abhishek Singh, Shantanu Godambe, Aniket Pande | Rohit Singhania |
| Exit load | Exit load of 1% if redeemed within 12 months | Nil |
DSP Aggressive Hybrid vs DSP ELSS Tax Saver: 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 ELSS Tax Saver Fund (Direct) | +0.35% | −5.64% | −2.65% | −6.86% | +13.04% | +10.90% | +14.11% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 29 Aggressive Hybrid funds and the 50 ELSS funds, same plan type.
DSP Aggressive Hybrid vs DSP ELSS Tax Saver: Year-wise Returns
| Year | Aggressive HybridDSP Aggressive Hybrid | ELSS Tax SaverDSP ELSS Tax Saver |
|---|---|---|
| 2026to date | −6.85% | −8.80% |
| 2025 | +7.90% | +8.50% |
| 2024 | +18.90% | +25.04% |
| 2023 | +26.62% | +31.19% |
| 2022 | −1.70% | +5.51% |
| 2021 | +25.48% | +36.41% |
DSP Aggressive Hybrid vs DSP ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of DSP ELSS Tax Saver Fund
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 ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 50% |
| DSP ELSS Tax Saver | 1.5 | 4.6 | 4.7 | 16.6 | 31.7 | 29.0 | 11.9 | 18.0% | 18.8% | −5.0% | 34.9% | 98% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.8 | 37.1 | 34.7 | 11.3 | 2.9 | 14.7% | 14.9% | −6.3% | 33.5% | -- |
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. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
DSP Aggressive Hybrid vs DSP ELSS Tax Saver: 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 ELSS Tax SaverDSP ELSS Tax Saver Fund (Direct) | ₹16,60,000 | ₹52,13,250 | ₹35,53,250 | 15.3% |
DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct)
DSP ELSS Tax SaverDSP ELSS Tax Saver 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 ELSS Tax Saver: 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 ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.32% | −6.86% |
| Standard deviation | 9.95% | 14.04% |
| Sharpe ratio | -1.16 | -0.86 |
| Sortino ratio | -1.56 | -1.17 |
| Maximum drawdown | −11.3% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | -- | 0.95 |
| Alpha | -- | −0.20% |
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 ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.00% | +13.04% |
| Standard deviation | 9.67% | 13.97% |
| Sharpe ratio | 0.41 | 0.50 |
| Sortino ratio | 0.57 | 0.69 |
| Maximum drawdown | −11.3% (30-03-2026) | −16.2% (03-03-2025) |
| Beta | -- | 0.96 |
| Alpha | -- | +3.01% |
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 ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.24% | +10.90% |
| Standard deviation | 10.11% | 13.89% |
| Sharpe ratio | 0.24 | 0.37 |
| Sortino ratio | 0.33 | 0.49 |
| Maximum drawdown | −16.7% (17-06-2022) | −16.9% (20-06-2022) |
| Beta | -- | 0.94 |
| Alpha | -- | +2.25% |
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 ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.71% | +15.89% |
| Standard deviation | 11.82% | 15.63% |
| Sharpe ratio | 0.56 | 0.63 |
| Sortino ratio | 0.76 | 0.85 |
| Maximum drawdown | −28.8% (23-03-2020) | −37.2% (23-03-2020) |
| Beta | -- | 0.96 |
| Alpha | -- | +3.34% |
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 ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
| 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 ELSS Tax Saver Fund (Direct) | −37.2% | 24-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −9.8% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 02-01-2013, 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 ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
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 ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
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 ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Aggressive Hybrid Fund (Direct) | 81% | 67% | 5.72% |
| DSP ELSS Tax Saver Fund (Direct) | 104% | 89% | 3.73% |
From month-end values since 02-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
DSP Aggressive Hybrid vs DSP ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Aggressive Hybrid Fund, September 2026; DSP ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 48.0%
- Held by both
- 28
- Only in DSP Aggressive Hybrid
- 55
- Only in DSP ELSS Tax Saver
- 30
| Security | % of DSP Aggressive Hybrid | % of DSP ELSS Tax Saver |
|---|---|---|
| HDFC Bank Limited | 8.17% | 8.97% |
| ICICI Bank Limited | 7.43% | 9.69% |
| Axis Bank Limited | 3.70% | 7.97% |
| Kotak Mahindra Bank Limited | 3.23% | 3.89% |
| Mahindra & Mahindra Limited | 3.53% | 2.43% |
| Cipla Limited | 3.14% | 1.93% |
| Infosys Limited | 1.93% | 2.28% |
| NTPC Limited | 3.14% | 1.86% |
| Indus Towers Limited | 1.60% | 1.55% |
| SBI Life Insurance Co Limited | 2.65% | 1.53% |
| State Bank of India | 1.46% | 5.59% |
| ITC Limited | 3.84% | 1.38% |
| Bharti Airtel Limited | 1.22% | 3.37% |
| Maruti Suzuki India Limited | 1.85% | 1.19% |
| Emami Limited | 1.57% | 1.06% |
| Coromandel International Limited | 1.00% | 1.41% |
| Alkem Laboratories Limited | 1.99% | 0.98% |
| Syngene International Limited | 1.00% | 0.92% |
| Asian Paints Limited | 0.90% | 1.21% |
| Petronet LNG Limited | 1.26% | 0.85% |
| Bharat Petroleum Corporation Limited | 0.61% | 1.95% |
| Alembic Pharmaceuticals Limited | 0.58% | 0.76% |
| Uno Minda Limited | 0.56% | 0.56% |
| Century Plyboards (India) Limited | 0.52% | 0.83% |
| IPCA Laboratories Limited | 0.32% | 1.43% |
| Hindustan Petroleum Corporation Limited | 0.28% | 1.03% |
| Tata Motors Limited | 0.27% | 0.87% |
| Cohance Lifesciences Limited | 0.92% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.0% means 48.0% 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% |
| Hero MotoCorp Limited | 1.51% |
| HDFC Life Insurance Co Limited | 1.43% |
| Torrent Pharmaceuticals Limited | 1.38% |
Largest holdings only in DSP ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 2.84% |
| Max Financial Services Limited | 2.06% |
| Sun Pharmaceutical Industries Limited | 1.68% |
| Samvardhana Motherson International Limited | 1.61% |
| Hindustan Unilever Limited | 1.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Aggressive Hybrid | DSP ELSS Tax Saver |
|---|---|---|
| Equity | 72.2% | 98.8% |
| Debt | 19.8% | 0.0% |
| Cash and others | 8.0% | 1.2% |
Market cap of stocks
| Market cap | DSP Aggressive Hybrid | DSP ELSS Tax Saver |
|---|---|---|
| Large Cap | 53.6% | 76.1% |
| Mid Cap | 11.1% | 15.2% |
| Small Cap | 7.6% | 7.5% |
| Not on AMFI's list | 0.0% | 0.1% |
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 ELSS Tax Saver |
|---|---|---|
| Banks | 24.0% | 37.1% |
| Pharmaceuticals & Biotechnology | 7.0% | 6.9% |
| Automobiles | 6.9% | 4.2% |
| Insurance | 6.4% | 3.6% |
| Petroleum Products | 1.3% | 5.8% |
| IT - Software | 2.9% | 5.4% |
| Telecom - Services | 2.8% | 4.9% |
| Finance | 0.0% | 4.9% |
| Diversified FMCG | 3.8% | 3.0% |
| Power | 3.1% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Aggressive Hybrid vs DSP ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Aggressive Hybrid Fund | DSP ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.78% | 0.91% |
| Base expense ratio (Direct) | 0.57% | 0.68% |
| Total expense ratio (Regular) | 1.83% | 1.80% |
| Base expense ratio (Regular) | 1.46% | 1.45% |
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
DSP Aggressive Hybrid Fund vs DSP ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between DSP Aggressive Hybrid Fund and DSP ELSS Tax Saver Fund?
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund, DSP ELSS Tax Saver Fund is an ELSS fund, run by DSP Mutual Fund. Their portfolios overlap 48.0%. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP ELSS Tax Saver Fund 0.91%.
Which has given higher returns, DSP Aggressive Hybrid Fund or DSP ELSS Tax Saver Fund?
Over 1 year: DSP Aggressive Hybrid Fund −6.32%, DSP ELSS Tax Saver Fund −6.86%. Over 3 years: DSP Aggressive Hybrid Fund +10.00% a year, DSP ELSS Tax Saver Fund +13.04% a year. Over 5 years: DSP Aggressive Hybrid Fund +8.24% a year, DSP ELSS Tax Saver Fund +10.90% 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 ELSS Tax Saver Fund?
DSP Aggressive Hybrid Fund charges less: 0.78% a year against 0.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Aggressive Hybrid Fund and DSP ELSS Tax Saver Fund overlap?
48.0%. They hold 28 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Aggressive Hybrid Fund or DSP ELSS Tax Saver Fund?
On SEBI's riskometer, DSP Aggressive Hybrid Fund is rated Very High and DSP ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 9.67% and 13.97% a year.
Which is better for SIP, DSP Aggressive Hybrid Fund or DSP ELSS Tax Saver 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 ₹7,81,832 in DSP ELSS Tax Saver Fund (XIRR 9.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Aggressive Hybrid Fund and DSP ELSS Tax Saver Fund?
Yes. 48.0% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Aggressive Hybrid Fund and DSP ELSS Tax Saver Fund?
DSP Aggressive Hybrid Fund: Abhishek Singh, Shantanu Godambe, Aniket Pande. DSP ELSS Tax Saver Fund: Rohit Singhania.
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.