HDFC Aggressive Hybrid Fund vs HDFC ELSS - Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Aggressive Hybrid Fund is an Aggressive Hybrid fund and HDFC ELSS - Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, HDFC Aggressive Hybrid Fund (Direct) returned 6.3% a year and HDFC ELSS - Tax Saver Fund (Direct) returned 12.7% a year. HDFC Aggressive Hybrid Fund charges 1.12% a year and HDFC ELSS - Tax Saver Fund 1.20% (Direct plans). Their portfolios overlap 45.3%: they hold 26 of the same securities.
HDFC Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 6.3%
- Expense ratio
- 1.12%
- NAV
- ₹119.62
HDFC ELSS - Tax Saver Fund
ELSS
- 3 year return
- 12.7%
- Expense ratio
- 1.20%
- NAV
- ₹1,434.92
Which is better, HDFC Aggressive Hybrid or HDFC ELSS - Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC ELSS - Tax Saver returned more over 5 years: 13.0% a year against 7.2%.
- HDFC ELSS - Tax Saver returned more over 3 years: 12.7% a year against 6.3%.
- HDFC Aggressive Hybrid costs less: 1.12% a year against 1.20% (Direct plans).
- HDFC Aggressive Hybrid swung less over 3 years: a standard deviation of 9.5% a year against 12.4%.
- HDFC Aggressive Hybrid fell less in its worst fall since 01-01-2013: −33.6% against −44.1%.
- HDFC ELSS - Tax Saver holds more in large companies: 78.4% of the fund in large caps against 51.8%.
- HDFC Aggressive Hybrid is the larger fund: ₹21,158 Cr against ₹14,949 Cr.
- Their portfolios overlap 45.3%: 26 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 ELSS - Tax Saver Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HDFC Mutual Fund |
| Category | Aggressive Hybrid | ELSS |
| AUM | ₹21,158 Cr (30-09-2026) | ₹14,949 Cr (30-09-2026) |
| NAV | ₹119.62 (Direct) | ₹1,434.92 (Direct) |
| Expense ratio (Direct) | 1.12% | 1.20% |
| Expense ratio (Regular) | 1.71% | 1.76% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) | Nifty 500 TRI |
| Launch date | 11-09-2000 | 31-03-1996 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar | Amar Kalkundrikar, Gopal Agrawal |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. | NIL |
HDFC Aggressive Hybrid vs HDFC ELSS - Tax Saver: 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 ELSS - Tax Saver Fund (Direct) | +1.27% | −4.75% | −0.92% | −9.55% | +12.73% | +12.97% | +12.64% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 29 Aggressive Hybrid funds and the 50 ELSS funds, same plan type.
HDFC Aggressive Hybrid vs HDFC ELSS - Tax Saver: Year-wise Returns
| Year | Aggressive HybridHDFC Aggressive Hybrid | ELSS - Tax SaverHDFC ELSS - Tax Saver |
|---|---|---|
| 2026to date | −8.88% | −9.15% |
| 2025 | +6.60% | +10.94% |
| 2024 | +13.66% | +22.07% |
| 2023 | +18.50% | +34.02% |
| 2022 | +9.58% | +11.14% |
| 2021 | +26.50% | +36.05% |
HDFC Aggressive Hybrid vs HDFC ELSS - Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of HDFC ELSS - Tax Saver Fund
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 ELSS - Tax Saver Fund (Direct)
Nifty 500 TRI
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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 11% |
| HDFC ELSS - Tax Saver | 7.5 | 3.0 | 13.9 | 23.3 | 19.5 | 16.7 | 16.1 | 15.3% | 15.5% | −11.0% | 36.3% | 50% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.8 | 37.0 | 34.8 | 11.3 | 2.9 | 14.7% | 14.9% | −6.3% | 33.5% | -- |
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. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. 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 ELSS - Tax Saver: 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 ELSS - Tax SaverHDFC ELSS - Tax Saver Fund (Direct) | ₹16,60,000 | ₹45,30,059 | ₹28,70,059 | 13.5% |
HDFC Aggressive HybridHDFC Aggressive Hybrid Fund (Direct)
HDFC ELSS - Tax SaverHDFC ELSS - Tax Saver 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 ELSS - Tax Saver: 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 ELSS - Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.91% | −9.55% |
| Standard deviation | 10.12% | 13.16% |
| Sharpe ratio | -1.40 | -1.12 |
| Sortino ratio | -1.83 | -1.48 |
| Maximum drawdown | −12.6% (30-03-2026) | −14.7% (31-03-2026) |
| Beta | -- | 0.88 |
| Alpha | -- | −3.71% |
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 ELSS - Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +12.73% |
| Standard deviation | 9.51% | 12.37% |
| Sharpe ratio | 0.03 | 0.54 |
| Sortino ratio | 0.04 | 0.76 |
| Maximum drawdown | −12.6% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | -- | 0.83 |
| Alpha | -- | +3.24% |
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 ELSS - Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +12.97% |
| Standard deviation | 9.83% | 12.63% |
| Sharpe ratio | 0.15 | 0.57 |
| Sortino ratio | 0.20 | 0.79 |
| Maximum drawdown | −12.6% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | -- | 0.84 |
| Alpha | -- | +4.63% |
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 ELSS - Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.80% | +13.59% |
| Standard deviation | 14.51% | 15.87% |
| Sharpe ratio | 0.33 | 0.48 |
| Sortino ratio | 0.45 | 0.65 |
| Maximum drawdown | −33.6% (23-03-2020) | −44.1% (23-03-2020) |
| Beta | -- | 0.96 |
| Alpha | -- | +1.04% |
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 ELSS - Tax Saver Fund (Direct)
Nifty 500 TRI
| 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 ELSS - Tax Saver Fund (Direct) | −44.1% | 23-01-2018 | 23-03-2020 | 08-01-2021 | 10 months | −10.0% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
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 ELSS - Tax Saver Fund (Direct)
Nifty 500 TRI
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 ELSS - Tax Saver Fund (Direct)
Nifty 500 TRI
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 ELSS - Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Aggressive Hybrid Fund (Direct) | 87% | 89% | 6.57% |
| HDFC ELSS - Tax Saver Fund (Direct) | 100% | 95% | 5.02% |
From month-end values since 01-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
HDFC Aggressive Hybrid vs HDFC ELSS - Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Aggressive Hybrid Fund, September 2026; HDFC ELSS - Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 45.3%
- Held by both
- 26
- Only in HDFC Aggressive Hybrid
- 107
- Only in HDFC ELSS - Tax Saver
- 36
| Security | % of HDFC Aggressive Hybrid | % of HDFC ELSS - Tax Saver |
|---|---|---|
| HDFC Bank Ltd. | 7.01% | 7.87% |
| ICICI Bank Ltd. | 6.87% | 9.06% |
| Kotak Mahindra Bank Limited | 3.45% | 4.88% |
| Axis Bank Ltd. | 3.19% | 6.56% |
| State Bank of India | 2.86% | 4.49% |
| Reliance Industries Ltd. | 4.15% | 2.64% |
| Maruti Suzuki India Limited | 2.03% | 4.40% |
| Bharti Airtel Ltd. | 1.99% | 4.45% |
| Eternal Limited | 1.77% | 2.41% |
| Larsen and Toubro Ltd. | 2.14% | 1.59% |
| InterGlobe Aviation Ltd. | 1.41% | 1.37% |
| Hyundai Motor India Limited | 1.20% | 2.72% |
| Alkem Laboratories Ltd. | 1.07% | 1.21% |
| Infosys Limited | 1.88% | 0.96% |
| SBI Life Insurance Company Ltd. | 0.88% | 3.21% |
| United Spirits Limited | 0.86% | 1.03% |
| Bajaj Auto Limited | 0.77% | 1.88% |
| Godrej Consumer Products Ltd. | 0.96% | 0.74% |
| Havells India Ltd. | 0.92% | 0.73% |
| Chalet Hotels Ltd. | 0.64% | 0.81% |
| Metropolis Healthcare Ltd. | 0.63% | 1.16% |
| Britannia Industries Ltd. | 0.57% | 1.69% |
| Jubilant Foodworks Limited | 0.54% | 1.21% |
| The Ramco Cements Ltd. | 0.64% | 0.45% |
| PB Fintech Limited | 0.30% | 0.84% |
| Tata Motors Limited | 0.60% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.3% means 45.3% 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 |
|---|---|
| 7.34% GOI MAT 220464 | 2.18% |
| Divis Laboratories Ltd. | 2.09% |
| Bajaj Finance Ltd. | 1.62% |
| Krishna Institute Of Medical Sciences Limited | 1.48% |
| Eris Lifesciences Ltd | 1.39% |
Largest holdings only in HDFC ELSS - Tax Saver Fund
| Security | % of fund |
|---|---|
| HCL Technologies Ltd. | 2.94% |
| Tata Steel Ltd. | 1.85% |
| JSW Steel Ltd. | 1.55% |
| Dr. Lal Path Labs Ltd | 1.52% |
| Apollo Hospitals Enterprise Ltd. | 1.50% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Aggressive Hybrid | HDFC ELSS - Tax Saver |
|---|---|---|
| Equity | 71.8% | 99.2% |
| Debt | 24.2% | 0.3% |
| Cash and others | 4.0% | 0.4% |
Market cap of stocks
| Market cap | HDFC Aggressive Hybrid | HDFC ELSS - Tax Saver |
|---|---|---|
| Large Cap | 51.8% | 78.4% |
| Mid Cap | 4.9% | 10.1% |
| Small Cap | 15.1% | 10.6% |
| Not on AMFI's list | 0.0% | 0.1% |
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 | HDFC Aggressive Hybrid | HDFC ELSS - Tax Saver |
|---|---|---|
| Banks | 23.4% | 34.2% |
| Automobiles | 4.0% | 10.9% |
| IT - Software | 3.9% | 5.9% |
| Insurance | 2.0% | 5.9% |
| Pharmaceuticals & Biotechnology | 5.2% | 4.0% |
| Petroleum Products | 4.6% | 2.6% |
| Telecom - Services | 2.0% | 4.5% |
| Healthcare Services | 2.1% | 4.2% |
| Construction | 3.5% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Aggressive Hybrid vs HDFC ELSS - Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Aggressive Hybrid Fund | HDFC ELSS - Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 1.20% |
| Base expense ratio (Direct) | 0.91% | 0.97% |
| Total expense ratio (Regular) | 1.71% | 1.76% |
| Base expense ratio (Regular) | 1.41% | 1.45% |
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
HDFC Aggressive Hybrid Fund vs HDFC ELSS - Tax Saver Fund: Frequently Asked Questions
What is the difference between HDFC Aggressive Hybrid Fund and HDFC ELSS - Tax Saver Fund?
HDFC Aggressive Hybrid Fund is an Aggressive Hybrid fund, HDFC ELSS - Tax Saver Fund is an ELSS fund, run by HDFC Mutual Fund. Their portfolios overlap 45.3%. HDFC Aggressive Hybrid Fund charges 1.12% a year and HDFC ELSS - Tax Saver Fund 1.20%.
Which has given higher returns, HDFC Aggressive Hybrid Fund or HDFC ELSS - Tax Saver Fund?
Over 1 year: HDFC Aggressive Hybrid Fund −8.91%, HDFC ELSS - Tax Saver Fund −9.55%. Over 3 years: HDFC Aggressive Hybrid Fund +6.27% a year, HDFC ELSS - Tax Saver Fund +12.73% a year. Over 5 years: HDFC Aggressive Hybrid Fund +7.24% a year, HDFC ELSS - Tax Saver Fund +12.97% 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 ELSS - Tax Saver Fund?
HDFC Aggressive Hybrid Fund charges less: 1.12% a year against 1.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Aggressive Hybrid Fund and HDFC ELSS - Tax Saver Fund overlap?
45.3%. They hold 26 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Aggressive Hybrid Fund or HDFC ELSS - Tax Saver Fund?
On SEBI's riskometer, HDFC Aggressive Hybrid Fund is rated Very High and HDFC ELSS - Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 9.51% and 12.37% a year.
Which is better for SIP, HDFC Aggressive Hybrid Fund or HDFC ELSS - Tax Saver 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 ₹7,97,262 in HDFC ELSS - Tax Saver Fund (XIRR 10.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Aggressive Hybrid Fund and HDFC ELSS - Tax Saver Fund?
Yes. 45.3% 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 ELSS - Tax Saver Fund?
HDFC Aggressive Hybrid Fund: Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar. HDFC ELSS - Tax Saver Fund: Amar Kalkundrikar, Gopal Agrawal.
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.