HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF
Direct Plan, Growth option · Data as on 29-10-2026
HSBC Aggressive Hybrid Active FOF is a Fund of Funds fund and HSBC Multi Asset Active FOF is a Fund of Funds fund. In the 3 years to 29-10-2026, HSBC Aggressive Hybrid Active FOF (Direct) returned 3.1% a year and HSBC Multi Asset Active FOF (Direct) returned 14.4% a year. HSBC Aggressive Hybrid Active FOF charges 0.24% a year and HSBC Multi Asset Active FOF 0.59% (Direct plans). Their portfolios overlap 18.3%: they hold 3 of the same securities.
HSBC Aggressive Hybrid Active FOF
Fund of Funds
- 3 year return
- 3.1%
- Expense ratio
- 0.24%
- NAV
- ₹31.53
HSBC Multi Asset Active FOF
Fund of Funds
- 3 year return
- 14.4%
- Expense ratio
- 0.59%
- NAV
- ₹42.56
Which is better, HSBC Aggressive Hybrid Active FOF or HSBC Multi Asset Active FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Multi Asset Active FOF returned more over 5 years: 10.9% a year against 2.6%.
- HSBC Multi Asset Active FOF returned more over 3 years: 14.4% a year against 3.1%.
- HSBC Aggressive Hybrid Active FOF costs less: 0.24% a year against 0.59% (Direct plans).
- HSBC Multi Asset Active FOF swung less over 3 years: a standard deviation of 11.3% a year against 13.8%.
- HSBC Multi Asset Active FOF fell less in its worst fall since 05-05-2014: −25.4% against −31.1%.
- HSBC Multi Asset Active FOF is the larger fund: ₹115 Cr against ₹47 Cr.
- Their portfolios overlap 18.3%: 3 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 | HSBC Aggressive Hybrid Active FOF | HSBC Multi Asset Active FOF |
|---|---|---|
| Fund house | HSBC Mutual Fund | HSBC Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹47 Cr (30-09-2026) | ₹115 Cr (30-09-2026) |
| NAV | ₹31.53 (Direct) | ₹42.56 (Direct) |
| Expense ratio (Direct) | 0.24% | 0.59% |
| Expense ratio (Regular) | 1.46% | 1.40% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%)+Domestic Price of Gold (10%) +Domestic Price of Silver (5%) |
| Launch date | 30-04-2014 | 30-04-2014 |
| Minimum investment | Rs. 5,000 per application | Rs. 5,000 per application |
| Lock in | None | None |
| Fund managers | Gautam Bhupal | Gautam Bhupal |
| Exit load | Exit Load :(i) In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. (ii) No Exit Load will be charged, if Units are redeemed/switched-out after 1 year from the date of allotment. The exit loads set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively | Exit Load :(i) In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. (ii) No Exit Load will be charged, if Units are redeemed/switched-out after 1 year from the date of allotment. The exit loads set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively |
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HSBC Aggressive Hybrid Active FOF (Direct) | −1.64% | −2.13% | +2.00% | −6.26% | +3.11% | +2.65% | +7.83% |
| HSBC Multi Asset Active FOF (Direct) | −2.48% | −2.81% | −0.63% | +4.91% | +14.38% | +10.94% | +11.51% |
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: Year-wise Returns
| Year | Aggressive HybridHSBC Aggressive Hybrid Active FOF | Multi AssetHSBC Multi Asset Active FOF |
|---|---|---|
| 2026to date | −6.02% | +1.00% |
| 2025 | −3.85% | +15.25% |
| 2024 | +8.68% | +17.13% |
| 2023 | +15.20% | +21.70% |
| 2022 | −0.58% | +0.11% |
| 2021 | +27.45% | +22.60% |
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,305 of them, one for each trading day from 05-05-2017 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.
HSBC Aggressive Hybrid Active FOF (Direct)
HSBC Multi Asset Active FOF (Direct)
to
Feb 2018Sept 2016
to
Sept 2019Apr 2018
to
Apr 2021Dec 2019
to
Dec 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Aggressive Hybrid Active FOF | 2.6 | 9.5 | 31.0 | 42.4 | 12.7 | 1.6 | 0.2 | 10.3% | 10.6% | −5.1% | 26.7% |
| HSBC Multi Asset Active FOF | 1.3 | 5.9 | 17.4 | 48.2 | 26.3 | 1.0 | 0.0 | 12.3% | 12.7% | −2.9% | 22.4% |
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 05-05-2014. Past returns do not promise future returns.
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: 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 05-05-2014 to 29-10-2026: 150 instalments, ₹15,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Aggressive Hybrid Active FOFHSBC Aggressive Hybrid Active FOF (Direct) | ₹15,00,000 | ₹24,19,797 | ₹9,19,797 | 7.4% |
| HSBC Multi Asset Active FOFHSBC Multi Asset Active FOF (Direct) | ₹15,00,000 | ₹33,30,960 | ₹18,30,960 | 12.1% |
HSBC Aggressive Hybrid Active FOFHSBC Aggressive Hybrid Active FOF (Direct)
HSBC Multi Asset Active FOFHSBC Multi Asset Active FOF (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.
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Aggressive Hybrid Active FOF (Direct) | HSBC Multi Asset Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | −6.26% | +4.91% |
| Standard deviation | 13.97% | 14.01% |
| Sharpe ratio | -0.82 | -0.02 |
| Sortino ratio | -0.99 | -0.03 |
| Maximum drawdown | −9.6% (12-05-2026) | −12.9% (23-03-2026) |
| 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 | HSBC Aggressive Hybrid Active FOF (Direct) | HSBC Multi Asset Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +3.11% | +14.38% |
| Standard deviation | 13.77% | 11.27% |
| Sharpe ratio | -0.21 | 0.74 |
| Sortino ratio | -0.25 | 1.00 |
| Maximum drawdown | −15.9% (12-05-2026) | −12.9% (23-03-2026) |
| 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 | HSBC Aggressive Hybrid Active FOF (Direct) | HSBC Multi Asset Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +2.65% | +10.94% |
| Standard deviation | 13.46% | 10.62% |
| Sharpe ratio | -0.23 | 0.48 |
| Sortino ratio | -0.29 | 0.65 |
| Maximum drawdown | −18.1% (20-06-2022) | −15.0% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 | HSBC Aggressive Hybrid Active FOF (Direct) | HSBC Multi Asset Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +9.61% | +12.28% |
| Standard deviation | 13.65% | 10.81% |
| Sharpe ratio | 0.28 | 0.60 |
| Sortino ratio | 0.36 | 0.81 |
| Maximum drawdown | −31.1% (23-03-2020) | −25.4% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 05-05-2014 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.
HSBC Aggressive Hybrid Active FOF (Direct)
HSBC Multi Asset Active FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Aggressive Hybrid Active FOF (Direct) | −31.1% | 12-02-2020 | 23-03-2020 | 05-11-2020 | 7 months | −13.2% |
| HSBC Multi Asset Active FOF (Direct) | −25.4% | 12-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −6.7% |
From daily values since 05-05-2014, 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.
HSBC Aggressive Hybrid Active FOF (Direct)
HSBC Multi Asset Active FOF (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.
HSBC Aggressive Hybrid Active FOF (Direct)
HSBC Multi Asset Active FOF (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.
HSBC Aggressive Hybrid Active FOF (Direct)
HSBC Multi Asset Active FOF (Direct)
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Aggressive Hybrid Active FOF, September 2026; HSBC Multi Asset Active FOF, September 2026
Holdings in common
- Overlap
- 18.3%
- Held by both
- 3
- Only in HSBC Aggressive Hybrid Active FOF
- 3
- Only in HSBC Multi Asset Active FOF
- 8
| Security | % of HSBC Aggressive Hybrid Active FOF | % of HSBC Multi Asset Active FOF |
|---|---|---|
| HSBC Medium to Long Term Fund - Direct Growth | 10.20% | 7.39% |
| HSBC Corporate Bond Fund - Direct Growth | 8.18% | 7.04% |
| HSBC Dynamic Term Fund - Direct Growth | 4.81% | 3.86% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.3% means 18.3% 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 HSBC Aggressive Hybrid Active FOF
| Security | % of fund |
|---|---|
| HSBC Large Cap Fund - Direct Growth | 33.91% |
| HSBC Small Cap Fund - Direct Growth | 20.93% |
| HSBC Midcap Fund - Direct Growth | 20.32% |
Largest holdings only in HSBC Multi Asset Active FOF
| Security | % of fund |
|---|---|
| HSBC Value Fund - Direct Growth | 13.61% |
| HSBC Flexi Cap Fund - Direct Growth | 13.60% |
| HSBC Large & Mid Cap Fund - Direct Growth | 13.59% |
| HSBC Multi Cap Fund - Direct Growth | 13.56% |
| HSBC Focused Fund - Direct Growth | 13.50% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Aggressive Hybrid Active FOF | HSBC Multi Asset Active FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Aggressive Hybrid Active FOF | HSBC Multi Asset Active FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.24% | 0.59% |
| Base expense ratio (Direct) | 0.20% | 0.50% |
| Total expense ratio (Regular) | 1.46% | 1.40% |
| Base expense ratio (Regular) | 1.24% | 1.19% |
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.
HSBC Aggressive Hybrid Active FOF vs HSBC Multi Asset Active FOF: Frequently Asked Questions
What is the difference between HSBC Aggressive Hybrid Active FOF and HSBC Multi Asset Active FOF?
HSBC Aggressive Hybrid Active FOF is a Fund of Funds fund, HSBC Multi Asset Active FOF is a Fund of Funds fund, run by HSBC Mutual Fund. Their portfolios overlap 18.3%. HSBC Aggressive Hybrid Active FOF charges 0.24% a year and HSBC Multi Asset Active FOF 0.59%.
Which has given higher returns, HSBC Aggressive Hybrid Active FOF or HSBC Multi Asset Active FOF?
Over 1 year: HSBC Aggressive Hybrid Active FOF −6.26%, HSBC Multi Asset Active FOF +4.91%. Over 3 years: HSBC Aggressive Hybrid Active FOF +3.11% a year, HSBC Multi Asset Active FOF +14.38% a year. Over 5 years: HSBC Aggressive Hybrid Active FOF +2.65% a year, HSBC Multi Asset Active FOF +10.94% a year. As on 29-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Aggressive Hybrid Active FOF or HSBC Multi Asset Active FOF?
HSBC Aggressive Hybrid Active FOF charges less: 0.24% a year against 0.59%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Aggressive Hybrid Active FOF and HSBC Multi Asset Active FOF overlap?
18.3%. They hold 3 of the same securities, the largest shared ones being HSBC Medium to Long Term Fund - Direct Growth, HSBC Corporate Bond Fund - Direct Growth, HSBC Dynamic Term Fund - Direct Growth. From each fund's latest monthly portfolio.
Which is riskier, HSBC Aggressive Hybrid Active FOF or HSBC Multi Asset Active FOF?
On SEBI's riskometer, HSBC Aggressive Hybrid Active FOF is rated Very High and HSBC Multi Asset Active FOF Very High. Over 3 years, the standard deviation of daily returns was 13.77% and 11.27% a year.
Which is better for SIP, HSBC Aggressive Hybrid Active FOF or HSBC Multi Asset Active FOF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹6,34,655 in HSBC Aggressive Hybrid Active FOF (XIRR 1.5% a year) and ₹8,28,036 in HSBC Multi Asset Active FOF (XIRR 12.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HSBC Aggressive Hybrid Active FOF and HSBC Multi Asset Active FOF?
Yes. 18.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Aggressive Hybrid Active FOF and HSBC Multi Asset Active FOF?
HSBC Aggressive Hybrid Active FOF: Gautam Bhupal. HSBC Multi Asset Active FOF: Gautam Bhupal.
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.