HSBC Aggressive Hybrid Fund vs SBI Aggressive Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Aggressive Hybrid Fund and SBI Aggressive Hybrid Fund are both Aggressive Hybrid funds. In the 3 years to 30-10-2026, HSBC Aggressive Hybrid Fund (Direct) returned 12.8% a year and SBI Aggressive Hybrid Fund (Direct) returned 11.8% a year. HSBC Aggressive Hybrid Fund charges 0.98% a year and SBI Aggressive Hybrid Fund 0.76% (Direct plans). Their portfolios overlap 16.4%: they hold 12 of the same securities.
HSBC Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 12.8%
- Expense ratio
- 0.98%
- NAV
- ₹65.67
SBI Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 11.8%
- Expense ratio
- 0.76%
- NAV
- ₹339.20
Which is better, HSBC Aggressive Hybrid or SBI 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.
- HSBC Aggressive Hybrid returned more over 3 years: 12.8% a year against 11.8%.
- HSBC Aggressive Hybrid returned more over 1 year: 0.1% against −1.5%.
- SBI Aggressive Hybrid costs less: 0.76% a year against 0.98% (Direct plans).
- SBI Aggressive Hybrid swung less over 3 years: a standard deviation of 9.9% a year against 13.5%.
- SBI Aggressive Hybrid fell less in its worst fall since 28-11-2022: −9.9% against −19.6%.
- SBI Aggressive Hybrid holds more in large companies: 56.6% of the fund in large caps against 32.5%.
- SBI Aggressive Hybrid is the larger fund: ₹86,163 Cr against ₹5,652 Cr.
- Their portfolios overlap 16.4%: 12 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 Fund | SBI Aggressive Hybrid Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | SBI Mutual Fund |
| Category | Aggressive Hybrid | Aggressive Hybrid |
| AUM | ₹5,652 Cr (30-09-2026) | ₹86,163 Cr (30-09-2026) |
| NAV | ₹65.67 (Direct) | ₹339.20 (Direct) |
| Expense ratio (Direct) | 0.98% | 0.76% |
| Expense ratio (Regular) | 1.99% | 1.40% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 07-02-2011 | 09-10-1995 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Gautam Bhupal, Shriram Ramanathan, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh | R Srinivasan, Rajeev Radhakrishnan, Mansi Sajeja |
| Exit load | Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
HSBC Aggressive Hybrid vs SBI 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 |
|---|---|---|---|---|---|---|---|
| HSBC Aggressive Hybrid Fund (Direct) | −2.00% | −1.75% | +3.01% | +0.09% | +12.82% | -- | -- |
| SBI Aggressive Hybrid Fund (Direct) | −0.34% | −3.81% | −0.60% | −1.50% | +11.83% | +9.08% | +11.76% |
| 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.
HSBC Aggressive Hybrid vs SBI Aggressive Hybrid: Year-wise Returns
| Year | HSBCHSBC Aggressive Hybrid | SBISBI Aggressive Hybrid |
|---|---|---|
| 2026to date | +1.78% | −1.36% |
| 2025 | +2.49% | +13.06% |
| 2024 | +23.98% | +14.98% |
| 2023 | +25.59% | +17.21% |
| 2022 | -- | +2.99% |
| 2021 | -- | +24.49% |
HSBC Aggressive Hybrid vs SBI Aggressive Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 226 of them, one for each trading day from 28-11-2025 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.
HSBC Aggressive Hybrid Fund (Direct)
SBI Aggressive Hybrid Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Aggressive Hybrid | 0.0 | 0.0 | 0.0 | 49.6 | 50.4 | 0.0 | 0.0 | 15.1% | 15.0% | 11.5% | 17.8% |
| SBI Aggressive Hybrid | 0.0 | 0.0 | 0.0 | 72.2 | 27.8 | 0.0 | 0.0 | 14.1% | 14.2% | 10.6% | 16.4% |
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 28-11-2022. Past returns do not promise future returns.
HSBC Aggressive Hybrid vs SBI 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 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Aggressive HybridHSBC Aggressive Hybrid Fund (Direct) | ₹4,80,000 | ₹5,81,587 | ₹1,01,587 | 9.6% |
| SBI Aggressive HybridSBI Aggressive Hybrid Fund (Direct) | ₹4,80,000 | ₹5,71,137 | ₹91,137 | 8.7% |
HSBC Aggressive HybridHSBC Aggressive Hybrid Fund (Direct)
SBI Aggressive HybridSBI 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.
HSBC Aggressive Hybrid vs SBI Aggressive Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Aggressive Hybrid Fund (Direct) | SBI Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.09% | −1.50% |
| Standard deviation | 12.48% | 10.97% |
| Sharpe ratio | -0.41 | -0.61 |
| Sortino ratio | -0.56 | -0.82 |
| Maximum drawdown | −10.7% (23-03-2026) | −9.9% (23-03-2026) |
| 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 | HSBC Aggressive Hybrid Fund (Direct) | SBI Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.82% | +11.83% |
| Standard deviation | 13.55% | 9.88% |
| Sharpe ratio | 0.50 | 0.59 |
| Sortino ratio | 0.67 | 0.80 |
| Maximum drawdown | −19.6% (28-02-2025) | −9.9% (23-03-2026) |
| 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 | HSBC Aggressive Hybrid Fund (Direct) | SBI Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.67% | +13.78% |
| Standard deviation | 12.44% | 10.70% |
| Sharpe ratio | 0.52 | 0.72 |
| Sortino ratio | 0.70 | 0.97 |
| Maximum drawdown | −19.6% (28-02-2025) | −27.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2022 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.
HSBC Aggressive Hybrid Fund (Direct)
SBI Aggressive Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Aggressive Hybrid Fund (Direct) | −19.6% | 16-12-2024 | 28-02-2025 | 17-09-2025 | 7 months | −5.6% |
| SBI Aggressive Hybrid Fund (Direct) | −9.9% | 02-01-2026 | 23-03-2026 | 27-05-2026 | 2 months | −5.2% |
From daily values since 28-11-2022, 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 Fund (Direct)
SBI 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.
HSBC Aggressive Hybrid Fund (Direct)
SBI Aggressive Hybrid Fund (Direct)
HSBC Aggressive Hybrid vs SBI Aggressive Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Aggressive Hybrid Fund, September 2026; SBI Aggressive Hybrid Fund, September 2026
Holdings in common
- Overlap
- 16.4%
- Held by both
- 12
- Only in HSBC Aggressive Hybrid
- 85
- Only in SBI Aggressive Hybrid
- 99
| Security | % of HSBC Aggressive Hybrid | % of SBI Aggressive Hybrid |
|---|---|---|
| ICICI Bank Limited | 4.40% | 4.14% |
| HDFC Bank Limited | 3.16% | 2.47% |
| InterGlobe Aviation Limited | 2.16% | 2.31% |
| Bharti Airtel Limited | 1.44% | 2.24% |
| Lenskart Solutions Limited | 1.43% | 1.83% |
| Divi''s Laboratories Limited | 1.01% | 1.83% |
| Bajaj Finance Limited | 0.96% | 2.56% |
| Sun Pharmaceutical Industries Limited | 0.77% | 1.67% |
| Max Healthcare Institute Limited | 0.72% | 0.76% |
| Meesho Limited | 0.60% | 0.94% |
| Larsen & Toubro Limited | 0.55% | 2.25% |
| Reliance Industries Limited | 0.88% | 0.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.4% means 16.4% 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 Fund
| Security | % of fund |
|---|---|
| GE Vernova T&D India Limited | 3.49% |
| Karur Vysya Bank Limited | 2.73% |
| Eternal Limited | 2.69% |
| CG Power And Industrial Solutions Ltd | 2.67% |
| Radico Khaitan Limited | 2.55% |
Largest holdings only in SBI Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Solar Industries India Ltd. | 4.06% |
| State Bank of India | 3.67% |
| Kotak Mahindra Bank Ltd. | 3.39% |
| Adani Power Ltd. | 3.08% |
| Adani Energy Solutions Ltd. | 2.90% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Aggressive Hybrid | SBI Aggressive Hybrid |
|---|---|---|
| Equity | 74.6% | 73.3% |
| Debt | 20.3% | 21.4% |
| Cash and others | 5.1% | 5.4% |
Market cap of stocks
| Market cap | HSBC Aggressive Hybrid | SBI Aggressive Hybrid |
|---|---|---|
| Large Cap | 32.5% | 56.6% |
| Mid Cap | 19.9% | 16.7% |
| Small Cap | 18.4% | 0.0% |
| Not on AMFI's list | 3.8% | 0.0% |
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 | HSBC Aggressive Hybrid | SBI Aggressive Hybrid |
|---|---|---|
| Banks | 12.8% | 13.7% |
| Capital Markets | 10.0% | 0.0% |
| Electrical Equipment | 9.2% | 0.0% |
| Power | 0.8% | 7.4% |
| Retailing | 6.4% | 6.0% |
| Finance | 2.4% | 5.0% |
| IT - Software | 0.0% | 5.0% |
| Industrial Products | 4.8% | 2.1% |
| Chemicals & Petrochemicals | 0.0% | 4.1% |
| Pharmaceuticals & Biotechnology | 4.0% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Aggressive Hybrid vs SBI Aggressive Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Aggressive Hybrid Fund | SBI Aggressive Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.98% | 0.76% |
| Base expense ratio (Direct) | 0.73% | 0.57% |
| Total expense ratio (Regular) | 1.99% | 1.40% |
| Base expense ratio (Regular) | 1.59% | 1.12% |
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 HSBC Aggressive Hybrid with
HSBC Aggressive Hybrid Fund vs SBI Aggressive Hybrid Fund: Frequently Asked Questions
What is the difference between HSBC Aggressive Hybrid Fund and SBI Aggressive Hybrid Fund?
Both are Aggressive Hybrid funds, run by HSBC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 16.4%. HSBC Aggressive Hybrid Fund charges 0.98% a year and SBI Aggressive Hybrid Fund 0.76%.
Which has given higher returns, HSBC Aggressive Hybrid Fund or SBI Aggressive Hybrid Fund?
Over 1 year: HSBC Aggressive Hybrid Fund +0.09%, SBI Aggressive Hybrid Fund −1.50%. Over 3 years: HSBC Aggressive Hybrid Fund +12.82% a year, SBI Aggressive Hybrid Fund +11.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Aggressive Hybrid Fund or SBI Aggressive Hybrid Fund?
SBI Aggressive Hybrid Fund charges less: 0.76% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Aggressive Hybrid Fund and SBI Aggressive Hybrid Fund overlap?
16.4%. They hold 12 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, INDIGO. From each fund's latest monthly portfolio.
Which is riskier, HSBC Aggressive Hybrid Fund or SBI Aggressive Hybrid Fund?
On SEBI's riskometer, HSBC Aggressive Hybrid Fund is rated Very High and SBI Aggressive Hybrid Fund Very High. Over 3 years, the standard deviation of daily returns was 13.55% and 9.88% a year.
Which is better for SIP, HSBC Aggressive Hybrid Fund or SBI Aggressive Hybrid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,09,880 in HSBC Aggressive Hybrid Fund (XIRR 6.6% a year) and ₹4,07,581 in SBI Aggressive Hybrid Fund (XIRR 6.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HSBC Aggressive Hybrid Fund and SBI Aggressive Hybrid Fund?
Yes. 16.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Aggressive Hybrid Fund and SBI Aggressive Hybrid Fund?
HSBC Aggressive Hybrid Fund: Gautam Bhupal, Shriram Ramanathan, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh. SBI Aggressive Hybrid Fund: R Srinivasan, Rajeev Radhakrishnan, Mansi Sajeja.
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.