DSP Aggressive Hybrid Fund vs DSP Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund and DSP Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, DSP Aggressive Hybrid Fund (Direct) returned 10.0% a year and DSP Equity Savings Fund (Direct) returned 8.3% a year. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP Equity Savings Fund 1.10% (Direct plans). Their portfolios overlap 51.8%: they hold 39 of the same securities.
DSP Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.0%
- Expense ratio
- 0.78%
- NAV
- ₹383.66
DSP Equity Savings Fund
Equity Savings
- 3 year return
- 8.3%
- Expense ratio
- 1.10%
- NAV
- ₹24.95
Which is better, DSP Aggressive Hybrid or DSP Equity Savings? 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 8.3%.
- DSP Aggressive Hybrid costs less: 0.78% a year against 1.10% (Direct plans).
- DSP Equity Savings swung less over 3 years: a standard deviation of 3.4% a year against 9.7%.
- DSP Equity Savings fell less in its worst fall since 30-03-2016: −18.9% against −28.8%.
- DSP Aggressive Hybrid is the larger fund: ₹11,312 Cr against ₹3,087 Cr.
- Their portfolios overlap 51.8%: 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 | DSP Aggressive Hybrid Fund | DSP Equity Savings Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Aggressive Hybrid | Equity Savings |
| AUM | ₹11,312 Cr (30-09-2026) | ₹3,087 Cr (30-09-2026) |
| NAV | ₹383.66 (Direct) | ₹24.95 (Direct) |
| Expense ratio (Direct) | 0.78% | 1.10% |
| Expense ratio (Regular) | 1.83% | 1.95% |
| Riskometer | Very High | Moderately High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty Equity Savings Index |
| Launch date | 27-05-1999 | 28-03-2016 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe, Aniket Pande | Abhishek Singh, Shantanu Godambe, Kaivalya Nadkarni |
| Exit load | Exit load of 1% if redeemed within 12 months | Nil |
DSP Aggressive Hybrid vs DSP Equity Savings: 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 Equity Savings Fund (Direct) | 0.00% | −1.27% | +0.40% | +0.40% | +8.26% | +7.44% | +8.35% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 29 Aggressive Hybrid funds and the 23 Equity Savings funds, same plan type.
DSP Aggressive Hybrid vs DSP Equity Savings: Year-wise Returns
| Year | Aggressive HybridDSP Aggressive Hybrid | Equity SavingsDSP Equity Savings |
|---|---|---|
| 2026to date | −6.85% | −0.51% |
| 2025 | +7.90% | +7.13% |
| 2024 | +18.90% | +13.04% |
| 2023 | +26.62% | +13.17% |
| 2022 | −1.70% | +5.42% |
| 2021 | +25.48% | +14.50% |
DSP Aggressive Hybrid vs DSP Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,867 of them, one for each trading day from 01-04-2019 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 Equity Savings Fund (Direct)
to
Nov 2019Feb 2018
to
Feb 2021Jun 2019
to
Jun 2022Sept 2020
to
Sept 2023Jan 2022
to
Jan 2025Mar 2023
to
Mar 2026
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 | 4.0 | 12.6 | 39.8 | 36.1 | 7.4 | 0.0 | 14.0% | 14.4% | −0.4% | 23.6% |
| DSP Equity Savings | 0.1 | 8.7 | 40.8 | 49.4 | 1.1 | 0.0 | 0.0 | 9.5% | 10.0% | −0.0% | 16.7% |
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 30-03-2016. Past returns do not promise future returns.
DSP Aggressive Hybrid vs DSP Equity Savings: 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 01-03-2016 to 30-10-2026: 128 instalments, ₹12,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct) | ₹12,80,000 | ₹24,16,273 | ₹11,36,273 | 11.4% |
| DSP Equity SavingsDSP Equity Savings Fund (Direct) | ₹12,80,000 | ₹20,44,214 | ₹7,64,214 | 8.5% |
DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct)
DSP Equity SavingsDSP Equity Savings 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 Equity Savings: 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 Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.32% | +0.40% |
| Standard deviation | 9.95% | 3.55% |
| Sharpe ratio | -1.16 | -1.36 |
| Sortino ratio | -1.56 | -1.82 |
| Maximum drawdown | −11.3% (30-03-2026) | −2.7% (01-04-2026) |
| 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 Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.00% | +8.26% |
| Standard deviation | 9.67% | 3.44% |
| Sharpe ratio | 0.41 | 0.65 |
| Sortino ratio | 0.57 | 0.93 |
| Maximum drawdown | −11.3% (30-03-2026) | −2.7% (01-04-2026) |
| 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 Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.24% | +7.44% |
| Standard deviation | 10.11% | 3.72% |
| Sharpe ratio | 0.24 | 0.44 |
| Sortino ratio | 0.33 | 0.62 |
| Maximum drawdown | −16.7% (17-06-2022) | −4.3% (20-06-2022) |
| 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 Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.71% | +8.97% |
| Standard deviation | 11.82% | 5.59% |
| Sharpe ratio | 0.56 | 0.63 |
| Sortino ratio | 0.76 | 0.84 |
| Maximum drawdown | −28.8% (23-03-2020) | −18.9% (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 Equity Savings 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 Equity Savings Fund (Direct) | −18.9% | 12-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −2.0% |
From daily values since 30-03-2016, 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 Equity Savings 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 Equity Savings 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 Equity Savings Fund (Direct)
DSP Aggressive Hybrid vs DSP Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Aggressive Hybrid Fund, September 2026; DSP Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 51.8%
- Held by both
- 39
- Only in DSP Aggressive Hybrid
- 44
- Only in DSP Equity Savings
- 43
| Security | % of DSP Aggressive Hybrid | % of DSP Equity Savings |
|---|---|---|
| HDFC Bank Limited | 8.17% | 7.25% |
| Axis Bank Limited | 3.70% | 4.69% |
| ITC Limited | 3.84% | 3.24% |
| Kotak Mahindra Bank Limited | 3.23% | 3.68% |
| Mahindra & Mahindra Limited | 3.53% | 3.10% |
| NTPC Limited | 3.14% | 2.46% |
| ICICI Bank Limited | 7.43% | 2.34% |
| Cipla Limited | 3.14% | 2.07% |
| 6.90% GOI 15042065 | 4.19% | 1.65% |
| Indus Towers Limited | 1.60% | 1.82% |
| 6.87% GOI FRB 22092033 | 1.38% | 2.87% |
| HDFC Life Insurance Co Limited | 1.43% | 1.37% |
| Bharti Airtel Limited | 1.22% | 2.04% |
| Alkem Laboratories Limited | 1.99% | 1.20% |
| SBI Life Insurance Co Limited | 2.65% | 1.14% |
| Petronet LNG Limited | 1.26% | 1.04% |
| Infosys Limited | 1.93% | 1.03% |
| Hero MotoCorp Limited | 1.51% | 0.97% |
| HDFC Asset Management Co Limited | 1.33% | 0.97% |
| Maruti Suzuki India Limited | 1.85% | 0.95% |
| Bharti Telecom Limited | 0.92% | 1.69% |
| Oil & Natural Gas Corporation Limited | 1.16% | 0.90% |
| Syngene International Limited | 1.00% | 0.86% |
| State Bank of India | 1.46% | 0.85% |
| Canara HSBC Life Insurance Co Limited | 0.85% | 0.85% |
| ICICI Lombard General Insurance Co Limited | 0.95% | 0.84% |
| Knowledge Realty Trust | 1.06% | 0.82% |
| Cohance Lifesciences Limited | 0.92% | 0.65% |
| Coromandel International Limited | 1.00% | 0.54% |
| Bharti Telecom Limited | 0.47% | 0.86% |
| Life Insurance Corporation Of India | 0.54% | 0.45% |
| Cyient Limited | 0.43% | 0.29% |
| Alembic Pharmaceuticals Limited | 0.58% | 0.26% |
| Bharti Telecom Limited | 0.59% | 0.25% |
| Indian Oil Corporation Limited | 0.45% | 0.22% |
| Bharat Petroleum Corporation Limited | 0.61% | 0.21% |
| Hindustan Petroleum Corporation Limited | 0.28% | 0.20% |
| Oberoi Realty Limited | 0.78% | 0.17% |
| IPCA Laboratories Limited | 0.32% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.8% means 51.8% 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 |
|---|---|
| DSP Short Term Fund | 2.42% |
| Emami Limited | 1.57% |
| Torrent Pharmaceuticals Limited | 1.38% |
| DSP Financial Services Sectoral Debt Fund | 1.15% |
| Prudent Corporate Advisory Services Limited | 0.97% |
Largest holdings only in DSP Equity Savings Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 3.10% |
| Vodafone Idea Limited | 2.28% |
| 7.38% GOI 20062027 | 2.17% |
| Hindalco Industries Limited | 1.86% |
| Larsen & Toubro Limited | 1.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Aggressive Hybrid | DSP Equity Savings |
|---|---|---|
| Equity | 72.2% | 68.7% |
| Debt | 19.8% | 25.5% |
| Cash and others | 8.0% | 5.9% |
Market cap of stocks
| Market cap | DSP Aggressive Hybrid | DSP Equity Savings |
|---|---|---|
| Large Cap | 53.6% | 57.0% |
| Mid Cap | 11.1% | 6.1% |
| Small Cap | 7.6% | 5.6% |
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 Equity Savings |
|---|---|---|
| Banks | 24.0% | 21.6% |
| Pharmaceuticals & Biotechnology | 7.0% | 6.2% |
| Automobiles | 6.9% | 5.3% |
| Insurance | 6.4% | 4.7% |
| Telecom - Services | 2.8% | 6.1% |
| Diversified FMCG | 3.8% | 3.2% |
| Petroleum Products | 1.3% | 3.7% |
| Power | 3.1% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Aggressive Hybrid vs DSP Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Aggressive Hybrid Fund | DSP Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.78% | 1.10% |
| Base expense ratio (Direct) | 0.57% | 0.60% |
| Total expense ratio (Regular) | 1.83% | 1.95% |
| Base expense ratio (Regular) | 1.46% | 1.32% |
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 Equity Savings Fund: Frequently Asked Questions
What is the difference between DSP Aggressive Hybrid Fund and DSP Equity Savings Fund?
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund, DSP Equity Savings Fund is an Equity Savings fund, run by DSP Mutual Fund. Their portfolios overlap 51.8%. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP Equity Savings Fund 1.10%.
Which has given higher returns, DSP Aggressive Hybrid Fund or DSP Equity Savings Fund?
Over 1 year: DSP Aggressive Hybrid Fund −6.32%, DSP Equity Savings Fund +0.40%. Over 3 years: DSP Aggressive Hybrid Fund +10.00% a year, DSP Equity Savings Fund +8.26% a year. Over 5 years: DSP Aggressive Hybrid Fund +8.24% a year, DSP Equity Savings Fund +7.44% 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 Equity Savings Fund?
DSP Aggressive Hybrid Fund charges less: 0.78% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Aggressive Hybrid Fund and DSP Equity Savings Fund overlap?
51.8%. They hold 39 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, ITC. From each fund's latest monthly portfolio.
Which is riskier, DSP Aggressive Hybrid Fund or DSP Equity Savings Fund?
On SEBI's riskometer, DSP Aggressive Hybrid Fund is rated Very High and DSP Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 9.67% and 3.44% a year.
Which is better for SIP, DSP Aggressive Hybrid Fund or DSP Equity Savings 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 ₹7,28,606 in DSP Equity Savings Fund (XIRR 6.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Aggressive Hybrid Fund and DSP Equity Savings Fund?
Yes. 51.8% 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 Equity Savings Fund?
DSP Aggressive Hybrid Fund: Abhishek Singh, Shantanu Godambe, Aniket Pande. DSP Equity Savings Fund: Abhishek Singh, Shantanu Godambe, Kaivalya Nadkarni.
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.