DSP Aggressive Hybrid Fund vs HDFC Aggressive Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Aggressive Hybrid Fund and HDFC Aggressive Hybrid Fund are both Aggressive Hybrid funds. In the 3 years to 30-10-2026, DSP Aggressive Hybrid Fund (Direct) returned 10.0% a year and HDFC Aggressive Hybrid Fund (Direct) returned 6.3% a year. DSP Aggressive Hybrid Fund charges 0.78% a year and HDFC Aggressive Hybrid Fund 1.12% (Direct plans). Their portfolios overlap 34.1%: they hold 20 of the same securities.
DSP Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.0%
- Expense ratio
- 0.78%
- NAV
- ₹383.66
HDFC Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 6.3%
- Expense ratio
- 1.12%
- NAV
- ₹119.62
Which is better, DSP Aggressive Hybrid or HDFC 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.
- DSP Aggressive Hybrid returned more over 5 years: 8.2% a year against 7.2%.
- DSP Aggressive Hybrid returned more over 3 years: 10.0% a year against 6.3%.
- DSP Aggressive Hybrid costs less: 0.78% a year against 1.12% (Direct plans).
- HDFC Aggressive Hybrid swung less over 3 years: a standard deviation of 9.5% a year against 9.7%.
- DSP Aggressive Hybrid fell less in its worst fall since 02-01-2013: −28.8% against −33.6%.
- HDFC Aggressive Hybrid is the larger fund: ₹21,158 Cr against ₹11,312 Cr.
- Their portfolios overlap 34.1%: 20 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 | HDFC Aggressive Hybrid Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | HDFC Mutual Fund |
| Category | Aggressive Hybrid | Aggressive Hybrid |
| AUM | ₹11,312 Cr (30-09-2026) | ₹21,158 Cr (30-09-2026) |
| NAV | ₹383.66 (Direct) | ₹119.62 (Direct) |
| Expense ratio (Direct) | 0.78% | 1.12% |
| Expense ratio (Regular) | 1.83% | 1.71% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) |
| Launch date | 27-05-1999 | 11-09-2000 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe, Aniket Pande | Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar |
| Exit load | Exit load of 1% if redeemed within 12 months | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. |
DSP Aggressive Hybrid vs HDFC 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 |
|---|---|---|---|---|---|---|---|
| DSP Aggressive Hybrid Fund (Direct) | +0.22% | −4.04% | −1.40% | −6.32% | +10.00% | +8.24% | +11.31% |
| HDFC Aggressive Hybrid Fund (Direct) | −0.29% | −4.34% | −1.45% | −8.91% | +6.27% | +7.24% | +9.86% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
Category average: the average of the 29 Aggressive Hybrid funds, same plan type.
DSP Aggressive Hybrid vs HDFC Aggressive Hybrid: Year-wise Returns
| Year | DSPDSP Aggressive Hybrid | HDFCHDFC Aggressive Hybrid |
|---|---|---|
| 2026to date | −6.85% | −8.88% |
| 2025 | +7.90% | +6.60% |
| 2024 | +18.90% | +13.66% |
| 2023 | +26.62% | +18.50% |
| 2022 | −1.70% | +9.58% |
| 2021 | +25.48% | +26.50% |
DSP Aggressive Hybrid vs HDFC Aggressive 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)
HDFC Aggressive 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% |
| HDFC Aggressive Hybrid | 3.8 | 5.6 | 25.4 | 29.4 | 25.5 | 7.5 | 2.8 | 12.5% | 12.9% | −5.7% | 29.6% |
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 02-01-2013. Past returns do not promise future returns.
DSP Aggressive Hybrid vs HDFC Aggressive 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% |
| HDFC Aggressive HybridHDFC Aggressive Hybrid Fund (Direct) | ₹16,60,000 | ₹35,42,095 | ₹18,82,095 | 10.3% |
DSP Aggressive HybridDSP Aggressive Hybrid Fund (Direct)
HDFC Aggressive HybridHDFC Aggressive 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 HDFC Aggressive 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) | HDFC Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.32% | −8.91% |
| Standard deviation | 9.95% | 10.12% |
| Sharpe ratio | -1.16 | -1.40 |
| Sortino ratio | -1.56 | -1.83 |
| Maximum drawdown | −11.3% (30-03-2026) | −12.6% (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) | HDFC Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.00% | +6.27% |
| Standard deviation | 9.67% | 9.51% |
| Sharpe ratio | 0.41 | 0.03 |
| Sortino ratio | 0.57 | 0.04 |
| Maximum drawdown | −11.3% (30-03-2026) | −12.6% (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) | HDFC Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.24% | +7.24% |
| Standard deviation | 10.11% | 9.83% |
| Sharpe ratio | 0.24 | 0.15 |
| Sortino ratio | 0.33 | 0.20 |
| Maximum drawdown | −16.7% (17-06-2022) | −12.6% (30-03-2026) |
| 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) | HDFC Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.71% | +10.80% |
| Standard deviation | 11.82% | 14.51% |
| Sharpe ratio | 0.56 | 0.33 |
| Sortino ratio | 0.76 | 0.45 |
| Maximum drawdown | −28.8% (23-03-2020) | −33.6% (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)
HDFC Aggressive 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% |
| HDFC Aggressive Hybrid Fund (Direct) | −33.6% | 24-01-2018 | 23-03-2020 | 18-11-2020 | 8 months | −9.3% |
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)
HDFC Aggressive 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)
HDFC Aggressive 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)
HDFC Aggressive Hybrid Fund (Direct)
DSP Aggressive Hybrid vs HDFC Aggressive Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Aggressive Hybrid Fund, September 2026; HDFC Aggressive Hybrid Fund, September 2026
Holdings in common
- Overlap
- 34.1%
- Held by both
- 20
- Only in DSP Aggressive Hybrid
- 63
- Only in HDFC Aggressive Hybrid
- 113
| Security | % of DSP Aggressive Hybrid | % of HDFC Aggressive Hybrid |
|---|---|---|
| HDFC Bank Limited | 8.17% | 7.01% |
| ICICI Bank Limited | 7.43% | 6.87% |
| Kotak Mahindra Bank Limited | 3.23% | 3.45% |
| Axis Bank Limited | 3.70% | 3.19% |
| Infosys Limited | 1.93% | 1.88% |
| Maruti Suzuki India Limited | 1.85% | 2.03% |
| State Bank of India | 1.46% | 2.86% |
| NTPC Limited | 3.14% | 1.37% |
| Bharti Airtel Limited | 1.22% | 1.99% |
| ITC Limited | 3.84% | 1.12% |
| HDFC Life Insurance Co Limited | 1.43% | 1.10% |
| Alkem Laboratories Limited | 1.99% | 1.07% |
| SBI Life Insurance Co Limited | 2.65% | 0.88% |
| 6.90% GOI 15042065 | 4.19% | 0.53% |
| Hindustan Petroleum Corporation Limited | 0.28% | 0.41% |
| Tata Motors Limited | 0.27% | 0.60% |
| Muthoot Finance Limited | 0.91% | 0.24% |
| Muthoot Finance Limited | 0.39% | 0.23% |
| 7.34% GOI 22042064 | 0.22% | 2.18% |
| 7.71% GOI 18052066 | 0.82% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.1% means 34.1% 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 |
|---|---|
| Mahindra & Mahindra Limited | 3.53% |
| Cipla Limited | 3.14% |
| DSP Short Term Fund | 2.42% |
| Indus Towers Limited | 1.60% |
| Emami Limited | 1.57% |
Largest holdings only in HDFC Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 4.15% |
| Larsen and Toubro Ltd. | 2.14% |
| Divis Laboratories Ltd. | 2.09% |
| Eternal Limited | 1.77% |
| Bajaj Finance Ltd. | 1.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Aggressive Hybrid | HDFC Aggressive Hybrid |
|---|---|---|
| Equity | 72.2% | 71.8% |
| Debt | 19.8% | 24.2% |
| Cash and others | 8.0% | 4.0% |
Market cap of stocks
| Market cap | DSP Aggressive Hybrid | HDFC Aggressive Hybrid |
|---|---|---|
| Large Cap | 53.6% | 51.8% |
| Mid Cap | 11.1% | 4.9% |
| Small Cap | 7.6% | 15.1% |
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 | HDFC Aggressive Hybrid |
|---|---|---|
| Banks | 24.0% | 23.4% |
| Pharmaceuticals & Biotechnology | 7.0% | 5.2% |
| Automobiles | 6.9% | 4.0% |
| Insurance | 6.4% | 2.0% |
| Petroleum Products | 1.3% | 4.6% |
| IT - Software | 2.9% | 3.9% |
| Diversified FMCG | 3.8% | 1.1% |
| Construction | 0.0% | 3.5% |
| Power | 3.1% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Aggressive Hybrid vs HDFC Aggressive Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Aggressive Hybrid Fund | HDFC Aggressive Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.78% | 1.12% |
| Base expense ratio (Direct) | 0.57% | 0.91% |
| Total expense ratio (Regular) | 1.83% | 1.71% |
| Base expense ratio (Regular) | 1.46% | 1.41% |
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 HDFC Aggressive Hybrid Fund: Frequently Asked Questions
What is the difference between DSP Aggressive Hybrid Fund and HDFC Aggressive Hybrid Fund?
Both are Aggressive Hybrid funds, run by DSP Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 34.1%. DSP Aggressive Hybrid Fund charges 0.78% a year and HDFC Aggressive Hybrid Fund 1.12%.
Which has given higher returns, DSP Aggressive Hybrid Fund or HDFC Aggressive Hybrid Fund?
Over 1 year: DSP Aggressive Hybrid Fund −6.32%, HDFC Aggressive Hybrid Fund −8.91%. Over 3 years: DSP Aggressive Hybrid Fund +10.00% a year, HDFC Aggressive Hybrid Fund +6.27% a year. Over 5 years: DSP Aggressive Hybrid Fund +8.24% a year, HDFC Aggressive Hybrid Fund +7.24% 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 HDFC Aggressive Hybrid Fund?
DSP Aggressive Hybrid Fund charges less: 0.78% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Aggressive Hybrid Fund and HDFC Aggressive Hybrid Fund overlap?
34.1%. They hold 20 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Aggressive Hybrid Fund or HDFC Aggressive Hybrid Fund?
On SEBI's riskometer, DSP Aggressive Hybrid Fund is rated Very High and HDFC Aggressive Hybrid Fund Very High. Over 3 years, the standard deviation of daily returns was 9.67% and 9.51% a year.
Which is better for SIP, DSP Aggressive Hybrid Fund or HDFC Aggressive 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 ₹6,93,608 in HDFC Aggressive Hybrid Fund (XIRR 5.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Aggressive Hybrid Fund and HDFC Aggressive Hybrid Fund?
Yes. 34.1% 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 HDFC Aggressive Hybrid Fund?
DSP Aggressive Hybrid Fund: Abhishek Singh, Shantanu Godambe, Aniket Pande. HDFC Aggressive Hybrid Fund: Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar.
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.