DSP Multi Asset Allocation Fund vs ICICI Prudential Aggressive Hybrid Fund
Direct Plan, Growth option · Data as on 29-10-2026
DSP Multi Asset Allocation Fund is a Multi Asset fund and ICICI Prudential Aggressive Hybrid Fund is an Aggressive Hybrid fund. In the 3 years to 30-10-2026, DSP Multi Asset Allocation Fund (Direct) returned 17.3% a year and ICICI Prudential Aggressive Hybrid Fund (Direct) returned 12.3% a year. DSP Multi Asset Allocation Fund charges 0.62% a year and ICICI Prudential Aggressive Hybrid Fund 1.08% (Direct plans). Their portfolios overlap 28.2%: they hold 34 of the same securities.
DSP Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 17.3%
- Expense ratio
- 0.62%
- NAV
- ₹16.05
ICICI Prudential Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 12.3%
- Expense ratio
- 1.08%
- NAV
- ₹433.28
Which is better, DSP Multi Asset Allocation or ICICI Prudential 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 Multi Asset Allocation returned more over 3 years: 17.3% a year against 12.3%.
- DSP Multi Asset Allocation returned more over 1 year: 4.2% against −4.7%.
- DSP Multi Asset Allocation costs less: 0.62% a year against 1.08% (Direct plans).
- DSP Multi Asset Allocation swung less over 3 years: a standard deviation of 8.5% a year against 9.9%.
- DSP Multi Asset Allocation fell less in its worst fall since 29-09-2023: −9.7% against −11.2%.
- DSP Multi Asset Allocation holds 11.9% of the fund in foreign stocks; ICICI Prudential Aggressive Hybrid 0.0%.
- ICICI Prudential Aggressive Hybrid holds more in large companies: 57.0% of the fund in large caps against 28.7%.
- ICICI Prudential Aggressive Hybrid is the larger fund: ₹50,706 Cr against ₹10,820 Cr.
- Their portfolios overlap 28.2%: 34 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 Multi Asset Allocation Fund | ICICI Prudential Aggressive Hybrid Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Multi Asset | Aggressive Hybrid |
| AUM | ₹10,820 Cr (30-09-2026) | ₹50,706 Cr (30-09-2026) |
| NAV | ₹16.05 (Direct) | ₹433.28 (Direct) |
| Expense ratio (Direct) | 0.62% | 1.08% |
| Expense ratio (Regular) | 1.58% | 1.61% |
| Riskometer | High | Not available |
| Benchmark | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 27-09-2023 | 03-11-1999 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Aparna Karnik, Shantanu Godambe, Ravi Gehani | Sankaran Naren, Mittul Kalawadia, Manish Banthia, Akhil Kakkar, Sharmila D'silva, Nitya Mishra |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Exit load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days |
DSP Multi Asset Allocation vs ICICI Prudential 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 Multi Asset Allocation Fund (Direct) | −1.39% | −3.78% | −2.49% | +4.15% | +17.30% | -- | -- |
| ICICI Prudential Aggressive Hybrid Fund (Direct) | −1.28% | −4.69% | −2.78% | −4.70% | +12.29% | +12.89% | +14.60% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
Category average: the average of the 37 Multi Asset funds and the 29 Aggressive Hybrid funds, same plan type.
DSP Multi Asset Allocation vs ICICI Prudential Aggressive Hybrid: Year-wise Returns
| Year | DSP Multi Asset AllocationDSP Multi Asset Allocation | ICICI Prudential Aggressive HybridICICI Prudential Aggressive Hybrid |
|---|---|---|
| 2026to date | +0.30% | −5.26% |
| 2025 | +24.73% | +13.99% |
| 2024 | +18.12% | +17.89% |
| 2023 | -- | +28.96% |
| 2022 | -- | +12.32% |
| 2021 | -- | +42.40% |
DSP Multi Asset Allocation vs ICICI Prudential Aggressive Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 21 of them, one for each trading day from 29-09-2026 to 29-10-2026: 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 Multi Asset Allocation Fund (Direct)
ICICI Prudential Aggressive Hybrid 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 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% |
| ICICI Prudential Aggressive Hybrid | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 12.1% | 12.1% | 11.6% | 12.6% |
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 29-09-2023. Past returns do not promise future returns.
DSP Multi Asset Allocation vs ICICI Prudential 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 29-09-2023 to 29-10-2026: 38 instalments, ₹3,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Multi Asset AllocationDSP Multi Asset Allocation Fund (Direct) | ₹3,80,000 | ₹4,60,418 | ₹80,418 | 12.3% |
| ICICI Prudential Aggressive HybridICICI Prudential Aggressive Hybrid Fund (Direct) | ₹3,80,000 | ₹4,09,743 | ₹29,743 | 4.7% |
DSP Multi Asset AllocationDSP Multi Asset Allocation Fund (Direct)
ICICI Prudential Aggressive HybridICICI Prudential 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 Multi Asset Allocation vs ICICI Prudential Aggressive Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Multi Asset Allocation Fund (Direct) | ICICI Prudential Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.15% | −4.70% |
| Standard deviation | 10.58% | 10.20% |
| Sharpe ratio | -0.10 | -0.98 |
| Sortino ratio | -0.14 | -1.30 |
| Maximum drawdown | −9.7% (23-03-2026) | −9.4% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct) | ICICI Prudential Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.30% | +12.29% |
| Standard deviation | 8.55% | 9.89% |
| Sharpe ratio | 1.32 | 0.63 |
| Sortino ratio | 1.84 | 0.88 |
| Maximum drawdown | −9.7% (23-03-2026) | −11.2% (04-03-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-10-2023 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct) | ICICI Prudential Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.60% | +15.86% |
| Standard deviation | 8.47% | 11.71% |
| Sharpe ratio | 1.25 | 0.84 |
| Sortino ratio | 1.73 | 1.15 |
| Maximum drawdown | −9.7% (23-03-2026) | −30.7% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-09-2023 to 29-10-2026. 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 Multi Asset Allocation Fund (Direct)
ICICI Prudential Aggressive Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Multi Asset Allocation Fund (Direct) | −9.7% | 29-01-2026 | 23-03-2026 | 21-08-2026 | 5 months | −6.2% |
| ICICI Prudential Aggressive Hybrid Fund (Direct) | −11.2% | 27-09-2024 | 04-03-2025 | 25-06-2025 | 4 months | −6.1% |
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 Multi Asset Allocation Fund (Direct)
ICICI Prudential 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 Multi Asset Allocation Fund (Direct)
ICICI Prudential Aggressive Hybrid Fund (Direct)
DSP Multi Asset Allocation vs ICICI Prudential Aggressive Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Multi Asset Allocation Fund, September 2026; ICICI Prudential Aggressive Hybrid Fund, September 2026
Holdings in common
- Overlap
- 28.2%
- Held by both
- 34
- Only in DSP Multi Asset Allocation
- 51
- Only in ICICI Prudential Aggressive Hybrid
- 193
| Security | % of DSP Multi Asset Allocation | % of ICICI Prudential Aggressive Hybrid |
|---|---|---|
| HDFC Bank Limited | 3.54% | 5.94% |
| ICICI Bank Limited | 2.79% | 4.90% |
| Axis Bank Limited | 2.98% | 2.55% |
| 6.94% GOI 11052036 | 2.10% | 2.68% |
| Bharti Airtel Limited | 2.02% | 1.57% |
| Reliance Industries Limited | 1.49% | 4.38% |
| 6.90% GOI 15042065 | 4.08% | 1.15% |
| Embassy Office Parks REIT | 1.42% | 1.09% |
| NTPC Limited | 0.96% | 3.31% |
| SBI Life Insurance Co Limited | 0.95% | 1.19% |
| Maruti Suzuki India Limited | 0.89% | 1.02% |
| State Bank of India | 1.33% | 0.89% |
| Larsen & Toubro Limited | 1.31% | 0.78% |
| Life Insurance Corporation Of India | 0.78% | 2.88% |
| Ultratech Cement Limited | 0.80% | 0.78% |
| Samvardhana Motherson International Limited | 1.01% | 0.70% |
| Info Edge (India) Limited | 0.65% | 0.61% |
| Sun Pharmaceutical Industries Limited | 0.50% | 3.53% |
| Oil India Limited | 0.70% | 0.45% |
| Mahindra & Mahindra Limited | 0.87% | 0.43% |
| Mindspace Business Parks REIT | 0.48% | 0.43% |
| Kalpataru Projects International Limited | 0.42% | 0.79% |
| Tata Motors Limited | 0.77% | 0.37% |
| Bharat Petroleum Corporation Limited | 0.55% | 0.35% |
| DLF Limited | 0.61% | 0.26% |
| Page Industries Limited | 0.72% | 0.25% |
| Shree Cement Limited | 0.32% | 0.25% |
| Chalet Hotels Limited | 0.23% | 0.57% |
| Brookfield India Real Estate Trust | 0.70% | 0.19% |
| Apollo Tyres Limited | 0.26% | 0.17% |
| HDFC Life Insurance Co Limited | 0.23% | 0.16% |
| 7.24% GOI 18082055 | 0.09% | 0.87% |
| Indus Infra Trust | 0.30% | 0.08% |
| 7.06% GOI 10042028 | 0.14% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.2% means 28.2% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| DSP Gold ETF | 11.65% |
| DSP Nifty 50 Equal Wieght ETF | 5.38% |
| Hindustan Zinc Limited | 1.01% |
| Knowledge Realty Trust | 0.93% |
| Power Grid Corporation of India Limited | 0.90% |
Largest holdings only in ICICI Prudential Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| TVS Motor Company Ltd. | 3.22% |
| Avenue Supermarts Ltd. | 2.70% |
| Interglobe Aviation Ltd. | 2.43% |
| Hindustan Unilever Ltd. | 1.63% |
| Eternal Ltd. | 1.40% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Multi Asset Allocation | ICICI Prudential Aggressive Hybrid |
|---|---|---|
| Equity | 49.5% | 71.6% |
| Debt | 13.7% | 22.4% |
| Cash and others | 36.8% | 6.0% |
Market cap of stocks
| Market cap | DSP Multi Asset Allocation | ICICI Prudential Aggressive Hybrid |
|---|---|---|
| Large Cap | 28.7% | 57.0% |
| Mid Cap | 4.4% | 6.6% |
| Small Cap | 4.1% | 7.7% |
| Foreign stocks | 11.9% | 0.0% |
| Not on AMFI's list | 0.5% | 0.3% |
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 Multi Asset Allocation | ICICI Prudential Aggressive Hybrid |
|---|---|---|
| Banks | 10.8% | 16.0% |
| Retailing | 1.9% | 6.0% |
| Insurance | 2.0% | 5.7% |
| Petroleum Products | 2.8% | 5.5% |
| Automobiles | 2.4% | 5.1% |
| Pharmaceuticals & Biotechnology | 0.9% | 4.5% |
| Foreign Security | 2.8% | 0.0% |
| Consumer Durables | 2.5% | 0.2% |
| IT - Hardware | 2.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Multi Asset Allocation vs ICICI Prudential Aggressive Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Multi Asset Allocation Fund | ICICI Prudential Aggressive Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.62% | 1.08% |
| Base expense ratio (Direct) | 0.37% | 0.79% |
| Total expense ratio (Regular) | 1.58% | 1.61% |
| Base expense ratio (Regular) | 1.18% | 1.24% |
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 Multi Asset Allocation with
Compare ICICI Prudential Aggressive Hybrid with
- ICICI Prudential Aggressive Hybrid vs Bank of India Aggressive Hybrid
- ICICI Prudential Aggressive Hybrid vs Bandhan Aggressive Hybrid
- ICICI Prudential Aggressive Hybrid vs Quant Aggressive Hybrid
- ICICI Prudential Aggressive Hybrid vs HSBC Aggressive Hybrid
- ICICI Prudential Aggressive Hybrid vs Edelweiss Aggressive Hybrid
DSP Multi Asset Allocation Fund vs ICICI Prudential Aggressive Hybrid Fund: Frequently Asked Questions
What is the difference between DSP Multi Asset Allocation Fund and ICICI Prudential Aggressive Hybrid Fund?
DSP Multi Asset Allocation Fund is a Multi Asset fund, ICICI Prudential Aggressive Hybrid Fund is an Aggressive Hybrid fund, run by DSP Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 28.2%. DSP Multi Asset Allocation Fund charges 0.62% a year and ICICI Prudential Aggressive Hybrid Fund 1.08%.
Which has given higher returns, DSP Multi Asset Allocation Fund or ICICI Prudential Aggressive Hybrid Fund?
Over 1 year: DSP Multi Asset Allocation Fund +4.15%, ICICI Prudential Aggressive Hybrid Fund −4.70%. Over 3 years: DSP Multi Asset Allocation Fund +17.30% a year, ICICI Prudential Aggressive Hybrid Fund +12.29% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Multi Asset Allocation Fund or ICICI Prudential Aggressive Hybrid Fund?
DSP Multi Asset Allocation Fund charges less: 0.62% a year against 1.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Multi Asset Allocation Fund and ICICI Prudential Aggressive Hybrid Fund overlap?
28.2%. They hold 34 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, DSP Multi Asset Allocation Fund or ICICI Prudential Aggressive Hybrid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹4,44,364 in DSP Multi Asset Allocation Fund (XIRR 12.0% a year) and ₹3,95,490 in ICICI Prudential Aggressive Hybrid Fund (XIRR 4.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Multi Asset Allocation Fund and ICICI Prudential Aggressive Hybrid Fund?
Yes. 28.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Multi Asset Allocation Fund and ICICI Prudential Aggressive Hybrid Fund?
DSP Multi Asset Allocation Fund: Aparna Karnik, Shantanu Godambe, Ravi Gehani. ICICI Prudential Aggressive Hybrid Fund: Sankaran Naren, Mittul Kalawadia, Manish Banthia, Akhil Kakkar, Sharmila D'silva, Nitya Mishra.
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.