DSP Aggressive Hybrid Fund vs DSP Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund and DSP Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, DSP Aggressive Hybrid Fund (Direct) returned 10.0% a year and DSP Multi Asset Allocation Fund (Direct) returned 17.3% a year. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP Multi Asset Allocation Fund 0.62% (Direct plans). Their portfolios overlap 29.1%: they hold 33 of the same securities.
DSP Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.0%
- Expense ratio
- 0.78%
- NAV
- ₹383.66
DSP Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 17.3%
- Expense ratio
- 0.62%
- NAV
- ₹16.05
Which is better, DSP Aggressive Hybrid or DSP Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Multi Asset Allocation returned more over 3 years: 17.3% a year against 10.0%.
- DSP Multi Asset Allocation returned more over 1 year: 4.2% against −6.3%.
- DSP Multi Asset Allocation costs less: 0.62% a year against 0.78% (Direct plans).
- DSP Multi Asset Allocation swung less over 3 years: a standard deviation of 8.5% a year against 9.7%.
- DSP Multi Asset Allocation fell less in its worst fall since 29-09-2023: −9.7% against −11.3%.
- DSP Multi Asset Allocation holds 11.9% of the fund in foreign stocks; DSP Aggressive Hybrid 0.0%.
- DSP Aggressive Hybrid holds more in large companies: 53.6% of the fund in large caps against 28.7%.
- DSP Aggressive Hybrid is the larger fund: ₹11,312 Cr against ₹10,820 Cr.
- Their portfolios overlap 29.1%: 33 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Aggressive Hybrid | Multi Asset |
| AUM | ₹11,312 Cr (30-09-2026) | ₹10,820 Cr (30-09-2026) |
| NAV | ₹383.66 (Direct) | ₹16.05 (Direct) |
| Expense ratio (Direct) | 0.78% | 0.62% |
| Expense ratio (Regular) | 1.83% | 1.58% |
| Riskometer | Very High | High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In |
| Launch date | 27-05-1999 | 27-09-2023 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe, Aniket Pande | Aparna Karnik, Shantanu Godambe, Ravi Gehani |
| Exit load | Exit load of 1% if redeemed within 12 months | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. |
DSP Aggressive Hybrid vs DSP Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) | −1.39% | −3.78% | −2.49% | +4.15% | +17.30% | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 37 Multi Asset funds, same plan type.
DSP Aggressive Hybrid vs DSP Multi Asset Allocation: Year-wise Returns
| Year | Aggressive HybridDSP Aggressive Hybrid | Multi Asset AllocationDSP Multi Asset Allocation |
|---|---|---|
| 2026to date | −6.85% | +0.30% |
| 2025 | +7.90% | +24.73% |
| 2024 | +18.90% | +18.12% |
| 2023 | +26.62% | -- |
| 2022 | −1.70% | -- |
| 2021 | +25.48% | -- |
DSP Aggressive Hybrid vs DSP Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 20 of them, one for each trading day from 29-09-2026 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 Multi Asset Allocation Fund (Direct)
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 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 | 0.0 | 0.0 | 95.0 | 5.0 | 0.0 | 0.0 | 0.0 | 9.2% | 9.2% | 8.5% | 10.0% |
| DSP Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 17.3% | 17.3% | 16.7% | 17.9% |
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 29-09-2023. Past returns do not promise future returns.
DSP Aggressive Hybrid vs DSP Multi Asset Allocation: 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 01-09-2023 to 30-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct) | ₹3,80,000 | ₹3,97,110 | ₹17,110 | 2.7% |
| DSP Multi Asset AllocationDSP Multi Asset Allocation Fund (Direct) | ₹3,80,000 | ₹4,60,418 | ₹80,418 | 12.3% |
DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct)
DSP Multi Asset AllocationDSP Multi Asset Allocation 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 Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.32% | +4.15% |
| Standard deviation | 9.95% | 10.58% |
| Sharpe ratio | -1.16 | -0.10 |
| Sortino ratio | -1.56 | -0.14 |
| Maximum drawdown | −11.3% (30-03-2026) | −9.7% (23-03-2026) |
| 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.00% | +17.30% |
| Standard deviation | 9.67% | 8.55% |
| Sharpe ratio | 0.41 | 1.32 |
| Sortino ratio | 0.57 | 1.84 |
| Maximum drawdown | −11.3% (30-03-2026) | −9.7% (23-03-2026) |
| 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.71% | +16.60% |
| Standard deviation | 11.82% | 8.47% |
| Sharpe ratio | 0.56 | 1.25 |
| Sortino ratio | 0.76 | 1.73 |
| Maximum drawdown | −28.8% (23-03-2020) | −9.7% (23-03-2026) |
| 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 Multi Asset Allocation 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) | −11.3% | 02-01-2026 | 30-03-2026 | Not yet | -- | −7.2% |
| DSP Multi Asset Allocation Fund (Direct) | −9.7% | 29-01-2026 | 23-03-2026 | 21-08-2026 | 5 months | −6.2% |
From daily values since 29-09-2023, 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 Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct)
DSP Aggressive Hybrid vs DSP Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Aggressive Hybrid Fund, September 2026; DSP Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 29.1%
- Held by both
- 33
- Only in DSP Aggressive Hybrid
- 50
- Only in DSP Multi Asset Allocation
- 52
| Security | % of DSP Aggressive Hybrid | % of DSP Multi Asset Allocation |
|---|---|---|
| 6.90% GOI 15042065 | 4.19% | 4.08% |
| HDFC Bank Limited | 8.17% | 3.54% |
| Axis Bank Limited | 3.70% | 2.98% |
| ICICI Bank Limited | 7.43% | 2.79% |
| State Bank of India | 1.46% | 1.33% |
| Bharti Airtel Limited | 1.22% | 2.02% |
| NTPC Limited | 3.14% | 0.96% |
| SBI Life Insurance Co Limited | 2.65% | 0.95% |
| Knowledge Realty Trust | 1.06% | 0.93% |
| Maruti Suzuki India Limited | 1.85% | 0.89% |
| Mahindra & Mahindra Limited | 3.53% | 0.87% |
| 7.71% GOI 18052066 | 0.82% | 0.86% |
| Oberoi Realty Limited | 0.78% | 0.77% |
| Bharti Telecom Limited | 0.92% | 0.72% |
| Bharat Petroleum Corporation Limited | 0.61% | 0.55% |
| Life Insurance Corporation Of India | 0.54% | 0.78% |
| Hero MotoCorp Limited | 1.51% | 0.49% |
| Muthoot Finance Limited | 0.91% | 0.48% |
| HDFC Asset Management Co Limited | 1.33% | 0.46% |
| 6.94% GOI 11052036 | 0.45% | 2.10% |
| Muthoot Finance Limited | 0.39% | 0.47% |
| Infosys Limited | 1.93% | 0.33% |
| Asian Paints Limited | 0.90% | 0.32% |
| 7.03% Maharashtra SDL 25062038 | 0.30% | 0.44% |
| Hindustan Petroleum Corporation Limited | 0.28% | 0.71% |
| Tata Motors Limited | 0.27% | 0.77% |
| Page Industries Limited | 0.25% | 0.72% |
| Power Finance Corporation Limited | 0.46% | 0.24% |
| HDFC Life Insurance Co Limited | 1.43% | 0.23% |
| Indus Towers Limited | 1.60% | 0.22% |
| 6.76% GOI 22022061 | 0.24% | 0.21% |
| 6.95% GOI 16122061 | 0.20% | 0.21% |
| Bharti Telecom Limited | 0.59% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.1% means 29.1% 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 |
|---|---|
| ITC Limited | 3.84% |
| Kotak Mahindra Bank Limited | 3.23% |
| Cipla Limited | 3.14% |
| DSP Short Term Fund | 2.42% |
| Alkem Laboratories Limited | 1.99% |
Largest holdings only in DSP Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| DSP Gold ETF | 11.65% |
| DSP Nifty 50 Equal Wieght ETF | 5.38% |
| Reliance Industries Limited | 1.49% |
| Embassy Office Parks REIT | 1.42% |
| Larsen & Toubro Limited | 1.31% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Aggressive Hybrid | DSP Multi Asset Allocation |
|---|---|---|
| Equity | 72.2% | 49.5% |
| Debt | 19.8% | 13.7% |
| Cash and others | 8.0% | 36.8% |
Market cap of stocks
| Market cap | DSP Aggressive Hybrid | DSP Multi Asset Allocation |
|---|---|---|
| Large Cap | 53.6% | 28.7% |
| Mid Cap | 11.1% | 4.4% |
| Small Cap | 7.6% | 4.1% |
| Foreign stocks | 0.0% | 11.9% |
| Not on AMFI's list | 0.0% | 0.5% |
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 | DSP Aggressive Hybrid | DSP Multi Asset Allocation |
|---|---|---|
| Banks | 24.0% | 10.8% |
| Pharmaceuticals & Biotechnology | 7.0% | 0.9% |
| Automobiles | 6.9% | 2.4% |
| Insurance | 6.4% | 2.0% |
| Diversified FMCG | 3.8% | 0.0% |
| Power | 3.1% | 1.9% |
| Foreign Security | 0.0% | 2.8% |
| Petroleum Products | 1.3% | 2.8% |
| Consumer Durables | 1.4% | 2.5% |
| IT - Hardware | 0.0% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Aggressive Hybrid vs DSP Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Aggressive Hybrid Fund | DSP Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.78% | 0.62% |
| Base expense ratio (Direct) | 0.57% | 0.37% |
| Total expense ratio (Regular) | 1.83% | 1.58% |
| Base expense ratio (Regular) | 1.46% | 1.18% |
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 Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between DSP Aggressive Hybrid Fund and DSP Multi Asset Allocation Fund?
DSP Aggressive Hybrid Fund is an Aggressive Hybrid fund, DSP Multi Asset Allocation Fund is a Multi Asset fund, run by DSP Mutual Fund. Their portfolios overlap 29.1%. DSP Aggressive Hybrid Fund charges 0.78% a year and DSP Multi Asset Allocation Fund 0.62%.
Which has given higher returns, DSP Aggressive Hybrid Fund or DSP Multi Asset Allocation Fund?
Over 1 year: DSP Aggressive Hybrid Fund −6.32%, DSP Multi Asset Allocation Fund +4.15%. Over 3 years: DSP Aggressive Hybrid Fund +10.00% a year, DSP Multi Asset Allocation Fund +17.30% 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 Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund charges less: 0.62% 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 Multi Asset Allocation Fund overlap?
29.1%. They hold 33 of the same securities, the largest shared ones being 6.90% GOI 15042065, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Aggressive Hybrid Fund or DSP Multi Asset Allocation Fund?
On SEBI's riskometer, DSP Aggressive Hybrid Fund is rated Very High and DSP Multi Asset Allocation Fund High. Over 3 years, the standard deviation of daily returns was 9.67% and 8.55% a year.
Which is better for SIP, DSP Aggressive Hybrid Fund or DSP Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,84,026 in DSP Aggressive Hybrid Fund (XIRR 2.4% a year) and ₹4,44,364 in DSP Multi Asset Allocation Fund (XIRR 12.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Aggressive Hybrid Fund and DSP Multi Asset Allocation Fund?
Yes. 29.1% 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 Multi Asset Allocation Fund?
DSP Aggressive Hybrid Fund: Abhishek Singh, Shantanu Godambe, Aniket Pande. DSP Multi Asset Allocation Fund: Aparna Karnik, Shantanu Godambe, Ravi Gehani.
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.