HDFC Aggressive Hybrid Fund vs Kotak Aggressive Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Aggressive Hybrid Fund and Kotak Aggressive Hybrid Fund are both Aggressive Hybrid funds. In the 3 years to 30-10-2026, HDFC Aggressive Hybrid Fund (Direct) returned 6.3% a year and Kotak Aggressive Hybrid Fund (Direct) returned 12.2% a year. HDFC Aggressive Hybrid Fund charges 1.12% a year and Kotak Aggressive Hybrid Fund 0.64% (Direct plans). Their portfolios overlap 19.6%: they hold 16 of the same securities.
HDFC Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 6.3%
- Expense ratio
- 1.12%
- NAV
- ₹119.62
Kotak Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 12.2%
- Expense ratio
- 0.64%
- NAV
- ₹45.27
Which is better, HDFC Aggressive Hybrid or Kotak 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.
- Kotak Aggressive Hybrid returned more over 5 years: 10.8% a year against 7.2%.
- Kotak Aggressive Hybrid returned more over 3 years: 12.2% a year against 6.3%.
- Kotak Aggressive Hybrid costs less: 0.64% a year against 1.12% (Direct plans).
- HDFC Aggressive Hybrid swung less over 3 years: a standard deviation of 9.5% a year against 11.7%.
- HDFC Aggressive Hybrid fell less in its worst fall since 02-01-2013: −33.6% against −47.4%.
- HDFC Aggressive Hybrid holds more in large companies: 51.8% of the fund in large caps against 39.0%.
- HDFC Aggressive Hybrid is the larger fund: ₹21,158 Cr against ₹9,040 Cr.
- Their portfolios overlap 19.6%: 16 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 | Kotak Aggressive Hybrid Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Aggressive Hybrid | Aggressive Hybrid |
| AUM | ₹21,158 Cr (30-09-2026) | ₹9,040 Cr (30-09-2026) |
| NAV | ₹119.62 (Direct) | ₹45.27 (Direct) |
| Expense ratio (Direct) | 1.12% | 0.64% |
| Expense ratio (Regular) | 1.71% | 1.89% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) | NIFTY 50 Hybrid Composite Debt 65:35 Index TRI |
| Launch date | 11-09-2000 | 29-11-1999 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar | Atul Bhole, Abhishek Bisen |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. | For redemptions / switch outs of upto 8% of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment : Nil If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment : 1% If units are redeemed or switched out on or after 1 year from the date of allotment : Nil Units issued on reinvestment of IDCW shall not be subject to entry and exit load. |
HDFC Aggressive Hybrid vs Kotak 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 |
|---|---|---|---|---|---|---|---|
| HDFC Aggressive Hybrid Fund (Direct) | −0.29% | −4.34% | −1.45% | −8.91% | +6.27% | +7.24% | +9.86% |
| Kotak Aggressive Hybrid Fund (Direct) | −1.41% | −4.66% | −1.21% | −2.74% | +12.17% | +10.82% | +10.18% |
| 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.
HDFC Aggressive Hybrid vs Kotak Aggressive Hybrid: Year-wise Returns
| Year | HDFCHDFC Aggressive Hybrid | KotakKotak Aggressive Hybrid |
|---|---|---|
| 2026to date | −8.88% | −1.60% |
| 2025 | +6.60% | +5.48% |
| 2024 | +13.66% | +23.35% |
| 2023 | +18.50% | +21.73% |
| 2022 | +9.58% | +6.50% |
| 2021 | +26.50% | +30.66% |
HDFC Aggressive Hybrid vs Kotak Aggressive Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,666 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.
HDFC Aggressive Hybrid Fund (Direct)
Kotak 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Kotak Aggressive Hybrid | 20.3 | 25.9 | 3.4 | 10.4 | 31.4 | 6.7 | 2.0 | 8.9% | 11.5% | −16.8% | 31.0% |
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.
HDFC Aggressive Hybrid vs Kotak 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 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% |
| Kotak Aggressive HybridKotak Aggressive Hybrid Fund (Direct) | ₹16,60,000 | ₹34,85,745 | ₹18,25,745 | 10.1% |
HDFC Aggressive HybridHDFC Aggressive Hybrid Fund (Direct)
Kotak Aggressive HybridKotak 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.
HDFC Aggressive Hybrid vs Kotak Aggressive Hybrid: 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) | Kotak Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.91% | −2.74% |
| Standard deviation | 10.12% | 12.81% |
| Sharpe ratio | -1.40 | -0.62 |
| Sortino ratio | -1.83 | -0.84 |
| Maximum drawdown | −12.6% (30-03-2026) | −10.8% (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) | Kotak Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +12.17% |
| Standard deviation | 9.51% | 11.73% |
| Sharpe ratio | 0.03 | 0.52 |
| Sortino ratio | 0.04 | 0.71 |
| Maximum drawdown | −12.6% (30-03-2026) | −14.6% (28-02-2025) |
| 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) | Kotak Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.24% | +10.82% |
| Standard deviation | 9.83% | 11.02% |
| Sharpe ratio | 0.15 | 0.46 |
| Sortino ratio | 0.20 | 0.61 |
| Maximum drawdown | −12.6% (30-03-2026) | −14.6% (28-02-2025) |
| 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) | Kotak Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.80% | +4.85% |
| Standard deviation | 14.51% | 15.33% |
| Sharpe ratio | 0.33 | -0.08 |
| Sortino ratio | 0.45 | -0.09 |
| Maximum drawdown | −33.6% (23-03-2020) | −47.4% (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)
Kotak Aggressive Hybrid 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% |
| Kotak Aggressive Hybrid Fund (Direct) | −47.4% | 18-01-2013 | 23-03-2020 | 24-05-2021 | 14 months | −6.6% |
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.
HDFC Aggressive Hybrid Fund (Direct)
Kotak 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.
HDFC Aggressive Hybrid Fund (Direct)
Kotak 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.
HDFC Aggressive Hybrid Fund (Direct)
Kotak Aggressive Hybrid Fund (Direct)
HDFC Aggressive Hybrid vs Kotak Aggressive Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Aggressive Hybrid Fund, September 2026; Kotak Aggressive Hybrid Fund, September 2026
Holdings in common
- Overlap
- 19.6%
- Held by both
- 16
- Only in HDFC Aggressive Hybrid
- 117
- Only in Kotak Aggressive Hybrid
- 91
| Security | % of HDFC Aggressive Hybrid | % of Kotak Aggressive Hybrid |
|---|---|---|
| ICICI Bank Ltd. | 6.87% | 2.98% |
| State Bank of India | 2.86% | 2.87% |
| HDFC Bank Ltd. | 7.01% | 2.50% |
| Bharti Airtel Ltd. | 1.99% | 2.90% |
| 7.34% GOI MAT 220464 | 2.18% | 1.97% |
| Eternal Limited | 1.77% | 3.25% |
| Infosys Limited | 1.88% | 1.47% |
| United Spirits Limited | 0.86% | 1.05% |
| Reliance Industries Ltd. | 4.15% | 0.71% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.68% | 2.50% |
| Sun Pharmaceutical Industries Ltd. | 0.60% | 0.90% |
| 6.9% GOI MAT 150465 | 0.53% | 0.96% |
| 360 One Prime Limited | 0.24% | 0.56% |
| Muthoot Finance Ltd. | 0.24% | 0.28% |
| Small Industries Development Bank | 0.12% | 0.28% |
| Power Finance Corporation Ltd. | 0.04% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.6% means 19.6% 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 |
|---|---|
| Kotak Mahindra Bank Limited | 3.45% |
| Axis Bank Ltd. | 3.19% |
| Larsen and Toubro Ltd. | 2.14% |
| Divis Laboratories Ltd. | 2.09% |
| Maruti Suzuki India Limited | 2.03% |
Largest holdings only in Kotak Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Fortis Healthcare India Ltd | 2.73% |
| SHRIRAM FINANCE LIMITED | 2.54% |
| MOLBIO DIAGNOSTICS LIMITED | 2.17% |
| Bharat Electronics Ltd. | 2.04% |
| ROSSELL TECHSYS LTD. | 1.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Aggressive Hybrid | Kotak Aggressive Hybrid |
|---|---|---|
| Equity | 71.8% | 74.4% |
| Debt | 24.2% | 14.0% |
| Cash and others | 4.0% | 11.6% |
Market cap of stocks
| Market cap | HDFC Aggressive Hybrid | Kotak Aggressive Hybrid |
|---|---|---|
| Large Cap | 51.8% | 39.0% |
| Mid Cap | 4.9% | 25.6% |
| Small Cap | 15.1% | 7.2% |
| Not on AMFI's list | 0.0% | 2.5% |
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 | HDFC Aggressive Hybrid | Kotak Aggressive Hybrid |
|---|---|---|
| Banks | 23.4% | 11.2% |
| Finance | 0.7% | 10.7% |
| Retailing | 2.3% | 5.3% |
| Pharmaceuticals & Biotechnology | 5.2% | 0.0% |
| Healthcare Services | 2.1% | 5.1% |
| IT - Software | 3.9% | 5.0% |
| Capital Markets | 0.0% | 4.9% |
| Petroleum Products | 4.6% | 1.4% |
| Automobiles | 4.0% | 0.0% |
| Construction | 3.5% | 0.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Aggressive Hybrid vs Kotak Aggressive Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Aggressive Hybrid Fund | Kotak Aggressive Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 0.64% |
| Base expense ratio (Direct) | 0.91% | 0.45% |
| Total expense ratio (Regular) | 1.71% | 1.89% |
| Base expense ratio (Regular) | 1.41% | 1.51% |
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 Kotak Aggressive Hybrid Fund: Frequently Asked Questions
What is the difference between HDFC Aggressive Hybrid Fund and Kotak Aggressive Hybrid Fund?
Both are Aggressive Hybrid funds, run by HDFC Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 19.6%. HDFC Aggressive Hybrid Fund charges 1.12% a year and Kotak Aggressive Hybrid Fund 0.64%.
Which has given higher returns, HDFC Aggressive Hybrid Fund or Kotak Aggressive Hybrid Fund?
Over 1 year: HDFC Aggressive Hybrid Fund −8.91%, Kotak Aggressive Hybrid Fund −2.74%. Over 3 years: HDFC Aggressive Hybrid Fund +6.27% a year, Kotak Aggressive Hybrid Fund +12.17% a year. Over 5 years: HDFC Aggressive Hybrid Fund +7.24% a year, Kotak Aggressive Hybrid Fund +10.82% 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 Kotak Aggressive Hybrid Fund?
Kotak Aggressive Hybrid Fund charges less: 0.64% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Aggressive Hybrid Fund and Kotak Aggressive Hybrid Fund overlap?
19.6%. They hold 16 of the same securities, the largest shared ones being ICICIBANK, SBIN, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Aggressive Hybrid Fund or Kotak Aggressive Hybrid Fund?
On SEBI's riskometer, HDFC Aggressive Hybrid Fund is rated Very High and Kotak Aggressive Hybrid Fund Very High. Over 3 years, the standard deviation of daily returns was 9.51% and 11.73% a year.
Which is better for SIP, HDFC Aggressive Hybrid Fund or Kotak Aggressive Hybrid 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 ₹7,83,589 in Kotak Aggressive Hybrid Fund (XIRR 9.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Aggressive Hybrid Fund and Kotak Aggressive Hybrid Fund?
Yes. 19.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Aggressive Hybrid Fund and Kotak Aggressive Hybrid Fund?
HDFC Aggressive Hybrid Fund: Ihab Dalwai, Gopal Agrawal, Anupam Joshi, Bhagyesh Kagalkar. Kotak Aggressive Hybrid Fund: Atul Bhole, Abhishek Bisen.
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.