HDFC Aggressive Hybrid Fund vs HDFC Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Aggressive Hybrid Fund is an Aggressive Hybrid fund and HDFC Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, HDFC Aggressive Hybrid Fund (Direct) returned 6.3% a year and HDFC Balanced Advantage Fund (Direct) returned 10.5% a year. HDFC Aggressive Hybrid Fund charges 1.12% a year and HDFC Balanced Advantage Fund 0.77% (Direct plans). Their portfolios overlap 44.9%: they hold 57 of the same securities.
HDFC Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 6.3%
- Expense ratio
- 1.12%
- NAV
- ₹119.62
HDFC Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.5%
- Expense ratio
- 0.77%
- NAV
- ₹546.24
Which is better, HDFC Aggressive Hybrid or HDFC Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Balanced Advantage returned more over 5 years: 13.0% a year against 7.2%.
- HDFC Balanced Advantage returned more over 3 years: 10.5% a year against 6.3%.
- HDFC Balanced Advantage costs less: 0.77% a year against 1.12% (Direct plans).
- HDFC Aggressive Hybrid swung less over 3 years: a standard deviation of 9.5% a year against 9.8%.
- HDFC Aggressive Hybrid fell less in its worst fall since 01-01-2013: −33.6% against −34.2%.
- HDFC Balanced Advantage is the larger fund: ₹1,02,534 Cr against ₹21,158 Cr.
- Their portfolios overlap 44.9%: 57 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 | HDFC Aggressive Hybrid Fund | HDFC Balanced Advantage Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | Aggressive Hybrid | Balanced Advantage |
| AUM | ₹21,158 Cr (30-09-2026) | ₹1,02,534 Cr (30-09-2026) |
| NAV | ₹119.62 (Direct) | ₹546.24 (Direct) |
| Expense ratio (Direct) | 1.12% | 0.77% |
| Expense ratio (Regular) | 1.71% | 1.30% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 11-09-2000 | 01-02-1994 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar | Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. |
HDFC Aggressive Hybrid vs HDFC Balanced Advantage: 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 |
|---|---|---|---|---|---|---|---|
| HDFC Aggressive Hybrid Fund (Direct) | −0.29% | −4.34% | −1.45% | −8.91% | +6.27% | +7.24% | +9.86% |
| HDFC Balanced Advantage Fund (Direct) | −0.67% | −4.30% | −2.27% | −5.25% | +10.53% | +13.03% | +13.61% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | +9.91% |
Category average: the average of the 29 Aggressive Hybrid funds and the 38 Balanced Advantage funds, same plan type.
HDFC Aggressive Hybrid vs HDFC Balanced Advantage: Year-wise Returns
| Year | Aggressive HybridHDFC Aggressive Hybrid | Balanced AdvantageHDFC Balanced Advantage |
|---|---|---|
| 2026to date | −8.88% | −5.77% |
| 2025 | +6.60% | +7.87% |
| 2024 | +13.66% | +17.44% |
| 2023 | +18.50% | +32.13% |
| 2022 | +9.58% | +19.56% |
| 2021 | +26.50% | +27.11% |
HDFC Aggressive Hybrid vs HDFC Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,667 of them, one for each trading day from 01-01-2016 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.
HDFC Aggressive Hybrid Fund (Direct)
HDFC Balanced Advantage 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Aggressive Hybrid | 3.7 | 5.6 | 25.4 | 29.4 | 25.6 | 7.5 | 2.8 | 12.5% | 12.9% | −5.7% | 29.6% |
| HDFC Balanced Advantage | 1.8 | 5.4 | 6.4 | 33.6 | 27.9 | 14.4 | 10.5 | 15.9% | 15.5% | −3.7% | 33.8% |
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 01-01-2013. Past returns do not promise future returns.
HDFC Aggressive Hybrid vs HDFC Balanced Advantage: 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Aggressive HybridHDFC Aggressive Hybrid Fund (Direct) | ₹16,60,000 | ₹35,42,095 | ₹18,82,095 | 10.3% |
| HDFC Balanced AdvantageHDFC Balanced Advantage Fund (Direct) | ₹16,60,000 | ₹46,90,351 | ₹30,30,351 | 13.9% |
HDFC Aggressive HybridHDFC Aggressive Hybrid Fund (Direct)
HDFC Balanced AdvantageHDFC Balanced Advantage 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.
HDFC Aggressive Hybrid vs HDFC Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Aggressive Hybrid Fund (Direct) | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.91% | −5.25% |
| Standard deviation | 10.12% | 9.95% |
| Sharpe ratio | -1.40 | -1.05 |
| Sortino ratio | -1.83 | -1.39 |
| Maximum drawdown | −12.6% (30-03-2026) | −10.2% (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 | HDFC Aggressive Hybrid Fund (Direct) | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +10.53% |
| Standard deviation | 9.51% | 9.77% |
| Sharpe ratio | 0.03 | 0.46 |
| Sortino ratio | 0.04 | 0.61 |
| Maximum drawdown | −12.6% (30-03-2026) | −10.2% (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 | HDFC Aggressive Hybrid Fund (Direct) | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +13.03% |
| Standard deviation | 9.83% | 9.68% |
| Sharpe ratio | 0.15 | 0.75 |
| Sortino ratio | 0.20 | 1.01 |
| Maximum drawdown | −12.6% (30-03-2026) | −10.2% (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 | HDFC Aggressive Hybrid Fund (Direct) | HDFC Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.80% | +13.51% |
| Standard deviation | 14.51% | 14.22% |
| Sharpe ratio | 0.33 | 0.52 |
| Sortino ratio | 0.45 | 0.71 |
| Maximum drawdown | −33.6% (23-03-2020) | −34.2% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 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.
HDFC Aggressive Hybrid Fund (Direct)
HDFC Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Aggressive Hybrid Fund (Direct) | −33.6% | 24-01-2018 | 23-03-2020 | 18-11-2020 | 8 months | −9.3% |
| HDFC Balanced Advantage Fund (Direct) | −34.2% | 04-07-2019 | 23-03-2020 | 03-12-2020 | 8 months | −6.5% |
From daily values since 01-01-2013, 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.
HDFC Aggressive Hybrid Fund (Direct)
HDFC Balanced Advantage 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.
HDFC Aggressive Hybrid Fund (Direct)
HDFC Balanced Advantage 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.
HDFC Aggressive Hybrid Fund (Direct)
HDFC Balanced Advantage Fund (Direct)
HDFC Aggressive Hybrid vs HDFC Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Aggressive Hybrid Fund, September 2026; HDFC Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 44.9%
- Held by both
- 57
- Only in HDFC Aggressive Hybrid
- 76
- Only in HDFC Balanced Advantage
- 254
| Security | % of HDFC Aggressive Hybrid | % of HDFC Balanced Advantage |
|---|---|---|
| ICICI Bank Ltd. | 6.87% | 5.06% |
| HDFC Bank Ltd. | 7.01% | 4.32% |
| Reliance Industries Ltd. | 4.15% | 3.64% |
| State Bank of India | 2.86% | 3.28% |
| Axis Bank Ltd. | 3.19% | 2.65% |
| Larsen and Toubro Ltd. | 2.14% | 2.52% |
| Bharti Airtel Ltd. | 1.99% | 3.05% |
| Eternal Limited | 1.77% | 1.68% |
| Kotak Mahindra Bank Limited | 3.45% | 1.58% |
| Infosys Limited | 1.88% | 1.45% |
| Maruti Suzuki India Limited | 2.03% | 1.42% |
| NTPC Limited | 1.37% | 2.00% |
| InterGlobe Aviation Ltd. | 1.41% | 1.18% |
| ITC LIMITED | 1.12% | 1.10% |
| Tata Consultancy Services Ltd. | 1.07% | 1.08% |
| SBI Life Insurance Company Ltd. | 0.88% | 0.88% |
| Divis Laboratories Ltd. | 2.09% | 0.81% |
| Hyundai Motor India Limited | 1.20% | 0.79% |
| 7.34% GOI MAT 220464 | 2.18% | 0.74% |
| Sun Pharmaceutical Industries Ltd. | 0.60% | 1.55% |
| State Bank of India (Tier 2 - Basel III) | 0.91% | 0.58% |
| 6.9% GOI MAT 150465 | 0.53% | 0.55% |
| BROOKFIELD INDIA REAL ESTATE TRUST | 0.79% | 0.51% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.68% | 0.43% |
| Hindustan Petroleum Corp. Ltd. | 0.41% | 0.60% |
| Bajaj Auto Limited | 0.77% | 0.40% |
| Britannia Industries Ltd. | 0.57% | 0.38% |
| Bajaj Finance Ltd. | 1.62% | 0.32% |
| State Bank of India (Tier 2 - Basel III) | 0.32% | 0.49% |
| Muthoot Finance Ltd. | 0.95% | 0.29% |
| POWERGRID Infrastructure Investment Trust | 0.29% | 0.31% |
| HDFC Bank Ltd. | 1.16% | 0.28% |
| Alkem Laboratories Ltd. | 1.07% | 0.28% |
| United Spirits Limited | 0.86% | 0.28% |
| Kalpataru Projects International Ltd | 0.65% | 0.26% |
| Bajaj Finance Ltd. | 0.35% | 0.24% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.47% | 0.20% |
| Tata Motors Limited | 0.60% | 0.16% |
| Muthoot Finance Ltd. | 0.24% | 0.15% |
| HDFC Life Insurance Company Limited | 1.10% | 0.14% |
| Indian Railways Finance Corp. Ltd. | 0.13% | 0.14% |
| Small Industries Development Bank | 0.12% | 0.15% |
| INFO EDGE (INDIA) LIMITED | 0.16% | 0.11% |
| Blue Dart Express Ltd. | 0.56% | 0.10% |
| Jubilant Foodworks Limited | 0.54% | 0.09% |
| Bajaj Finance Ltd. | 0.23% | 0.09% |
| HDFC Bank Ltd. | 0.47% | 0.05% |
| 7.64% Gujarat SDL ISD 170124 MAT 170133 | 0.40% | 0.05% |
| Indian Railways Finance Corp. Ltd. | 0.24% | 0.05% |
| 7.72% Bihar SDL - MAT 250241 | 0.12% | 0.05% |
| Indian Oil Corporation Ltd. | 0.12% | 0.05% |
| 7.64% % Gujarat SDL ISD 170124 Mat 170134 | 0.33% | 0.04% |
| PB Fintech Limited | 0.30% | 0.04% |
| 7.67% Haryana SDL MAT 250241 | 0.09% | 0.04% |
| LIC Housing Finance Ltd. | 0.06% | 0.04% |
| 7.63% Gujarat SDL ISD 240124 Mat 240133 | 0.05% | 0.04% |
| 7.63% Gujarat SDL ISD 240124 Mat 240134 | 0.23% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.9% means 44.9% 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 HDFC Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Krishna Institute Of Medical Sciences Limited | 1.48% |
| Eris Lifesciences Ltd | 1.39% |
| SKF India (Industrial) Limited | 1.23% |
| CPSE ETF | 1.07% |
| Zensar Technologies Ltd. | 0.97% |
Largest holdings only in HDFC Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.18% GOI MAT 140833 | 2.04% |
| Coal India Ltd. | 1.77% |
| HCL Technologies Ltd. | 1.21% |
| Life Insurance Corporation of India | 1.17% |
| Lupin Ltd. | 1.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Aggressive Hybrid | HDFC Balanced Advantage |
|---|---|---|
| Equity | 71.8% | 73.4% |
| Debt | 24.2% | 23.6% |
| Cash and others | 4.0% | 2.9% |
Market cap of stocks
| Market cap | HDFC Aggressive Hybrid | HDFC Balanced Advantage |
|---|---|---|
| Large Cap | 51.8% | 54.4% |
| Mid Cap | 4.9% | 9.4% |
| Small Cap | 15.1% | 9.4% |
| Not on AMFI's list | 0.0% | 0.2% |
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 | HDFC Aggressive Hybrid | HDFC Balanced Advantage |
|---|---|---|
| Banks | 23.4% | 18.8% |
| Pharmaceuticals & Biotechnology | 5.2% | 5.6% |
| Petroleum Products | 4.6% | 5.2% |
| IT - Software | 3.9% | 4.5% |
| Automobiles | 4.0% | 3.5% |
| Construction | 3.5% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Aggressive Hybrid vs HDFC Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Aggressive Hybrid Fund | HDFC Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 0.77% |
| Base expense ratio (Direct) | 0.91% | 0.64% |
| Total expense ratio (Regular) | 1.71% | 1.30% |
| Base expense ratio (Regular) | 1.41% | 1.09% |
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 HDFC Aggressive Hybrid with
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HDFC Aggressive Hybrid Fund vs HDFC Balanced Advantage Fund: Frequently Asked Questions
What is the difference between HDFC Aggressive Hybrid Fund and HDFC Balanced Advantage Fund?
HDFC Aggressive Hybrid Fund is an Aggressive Hybrid fund, HDFC Balanced Advantage Fund is a Balanced Advantage fund, run by HDFC Mutual Fund. Their portfolios overlap 44.9%. HDFC Aggressive Hybrid Fund charges 1.12% a year and HDFC Balanced Advantage Fund 0.77%.
Which has given higher returns, HDFC Aggressive Hybrid Fund or HDFC Balanced Advantage Fund?
Over 1 year: HDFC Aggressive Hybrid Fund −8.91%, HDFC Balanced Advantage Fund −5.25%. Over 3 years: HDFC Aggressive Hybrid Fund +6.27% a year, HDFC Balanced Advantage Fund +10.53% a year. Over 5 years: HDFC Aggressive Hybrid Fund +7.24% a year, HDFC Balanced Advantage Fund +13.03% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Aggressive Hybrid Fund or HDFC Balanced Advantage Fund?
HDFC Balanced Advantage Fund charges less: 0.77% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Aggressive Hybrid Fund and HDFC Balanced Advantage Fund overlap?
44.9%. They hold 57 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HDFC Aggressive Hybrid Fund or HDFC Balanced Advantage Fund?
On SEBI's riskometer, HDFC Aggressive Hybrid Fund is rated Very High and HDFC Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 9.51% and 9.77% a year.
Which is better for SIP, HDFC Aggressive Hybrid Fund or HDFC Balanced Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,93,608 in HDFC Aggressive Hybrid Fund (XIRR 5.0% a year) and ₹7,84,851 in HDFC Balanced Advantage Fund (XIRR 9.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Aggressive Hybrid Fund and HDFC Balanced Advantage Fund?
Yes. 44.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Aggressive Hybrid Fund and HDFC Balanced Advantage Fund?
HDFC Aggressive Hybrid Fund: Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar. HDFC Balanced Advantage Fund: Gopal Agrawal, Ihab Dalwai, Nandita Menezes, – Mr. Arun Agarwal, Anil Bamboli.
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.