JM Aggressive Hybrid Fund vs JM Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Aggressive Hybrid Fund is an Aggressive Hybrid fund and JM Multi Asset Allocation Fund is a Multi Asset fund. JM Aggressive Hybrid Fund charges 1.16% a year and JM Multi Asset Allocation Fund 1.05% (Direct plans). Their portfolios overlap 21.4%: they hold 14 of the same securities.
JM Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.05%
- NAV
- ₹9.75
Which is better, JM Aggressive Hybrid or JM Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JM Multi Asset Allocation costs less: 1.05% a year against 1.16% (Direct plans).
- JM Aggressive Hybrid fell less in its worst fall since 20-07-2026: −8.1% against −8.8%.
- JM Aggressive Hybrid holds more in large companies: 43.2% of the fund in large caps against 17.0%.
- JM Aggressive Hybrid is the larger fund: ₹654 Cr against ₹167 Cr.
- Their portfolios overlap 21.4%: 14 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 | JM Aggressive Hybrid Fund | JM Multi Asset Allocation Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | JM Financial Mutual Fund |
| Category | Aggressive Hybrid | Multi Asset |
| AUM | ₹654 Cr (30-09-2026) | ₹167 Cr (30-09-2026) |
| NAV | ₹134.15 (Direct) | ₹9.75 (Direct) |
| Expense ratio (Direct) | 1.16% | 1.05% |
| Expense ratio (Regular) | 2.69% | 2.73% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | 55% Nifty 500 + 30% CRISIL Short term bond Index + 10% Domestic Price of Gold + 5% Domestic Price of silver |
| Launch date | 01-04-1995 | 15-07-2026 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar | Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan |
| Exit load | 1.00% of NAV on all investment (including SIP/ STP/ SWP) transactions, if redeemed / switched-out within 60 days of transfer/ allotment of units in normal transactions/ allotment of units of respective installments in SIP/ STP/ SWP transactions | In respect of each purchase/ switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 60 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 60 days from the date of allotment. |
JM Aggressive Hybrid vs JM Multi Asset Allocation: 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 |
|---|---|---|---|---|---|---|---|
| JM Aggressive Hybrid Fund (Direct) | −1.58% | −3.18% | +1.49% | −5.13% | +11.76% | +12.14% | +12.55% |
| JM Multi Asset Allocation Fund (Direct) | −3.19% | −3.00% | -- | -- | -- | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Multi Asset average | −1.71% | −3.33% | -- | -- | -- | -- | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 37 Multi Asset funds, same plan type.
JM Aggressive Hybrid vs JM Multi Asset Allocation: Year-wise Returns
| Year | Aggressive HybridJM Aggressive Hybrid | Multi Asset AllocationJM Multi Asset Allocation |
|---|---|---|
| 2026to date | −2.73% | -- |
| 2025 | −1.55% | -- |
| 2024 | +29.28% | -- |
| 2023 | +35.47% | -- |
| 2022 | +9.13% | -- |
| 2021 | +23.91% | -- |
JM Aggressive Hybrid vs JM Multi Asset Allocation: Rolling Returns
Every holding period of both funds
JM Aggressive Hybrid vs JM Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | JM Aggressive Hybrid Fund (Direct) | JM Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.88% | −8.20% |
| Standard deviation | 13.91% | 10.24% |
| Sharpe ratio | 0.49 | -1.31 |
| Sortino ratio | 0.70 | -1.63 |
| Maximum drawdown | −36.6% (23-03-2020) | −8.8% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2013 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.
JM Aggressive Hybrid Fund (Direct)
JM Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Aggressive Hybrid Fund (Direct) | −8.1% | 28-08-2026 | 23-10-2026 | Not yet | -- | −6.1% |
| JM Multi Asset Allocation Fund (Direct) | −8.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −7.3% |
From daily values since 20-07-2026, the first day every fund has.
JM Aggressive Hybrid vs JM Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: JM Aggressive Hybrid Fund, September 2026; JM Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 21.4%
- Held by both
- 14
- Only in JM Aggressive Hybrid
- 67
- Only in JM Multi Asset Allocation
- 39
| Security | % of JM Aggressive Hybrid | % of JM Multi Asset Allocation |
|---|---|---|
| 6.94% GOI 11-May-2036 | 2.67% | 2.94% |
| 6.36% GOI 16-Feb-2031 | 2.29% | 2.93% |
| One 97 Communications Limited | 3.80% | 2.07% |
| Ujjivan Small Finance Bank Limited | 2.00% | 2.35% |
| Bajaj Finance Limited | 2.63% | 1.84% |
| HDFC Bank Limited | 1.68% | 1.91% |
| Adani Port & Special Economic Zone Ltd | 1.69% | 1.68% |
| Eternal Limited | 2.94% | 1.63% |
| Larsen & Toubro Limited | 1.43% | 1.89% |
| Aditya Vision Ltd | 1.44% | 1.34% |
| InterGlobe Aviation Limited | 1.54% | 1.10% |
| 8.75% Piramal Finance Ltd 29-OCT-2027 | 0.77% | 2.99% |
| 9.61% 360 ONE Prime Limited 18-JAN-2027 | 0.77% | 0.60% |
| 7.23% Power Finance Corporation Limited 05-JAN-2027 | 0.31% | 2.99% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.4% means 21.4% 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 JM Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 2.71% |
| Kotak Mahindra Bank Limited | 2.42% |
| Reliance Industries Limited | 2.21% |
| Apollo Hospitals Enterprise Limited | 2.13% |
| Multi Commodity Exchange of India Ltd. | 2.09% |
Largest holdings only in JM Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Tata Gold Exchange Traded Fund | 6.84% |
| DSP Mutual Fund - DSP Gold ETF | 4.35% |
| Bank of Baroda 11-DEC-2026 | 2.96% |
| Axis Bank Limited 16-DEC-2026 | 2.95% |
| 182 Days Treasury Bill 14-Jan-2027 | 2.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Aggressive Hybrid | JM Multi Asset Allocation |
|---|---|---|
| Equity | 77.8% | 49.3% |
| Debt | 19.9% | 29.0% |
| Cash and others | 2.3% | 21.7% |
Market cap of stocks
| Market cap | JM Aggressive Hybrid | JM Multi Asset Allocation |
|---|---|---|
| Large Cap | 43.2% | 17.0% |
| Mid Cap | 16.7% | 10.5% |
| Small Cap | 16.6% | 16.1% |
| Not on AMFI's list | 1.2% | 5.8% |
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 | JM Aggressive Hybrid | JM Multi Asset Allocation |
|---|---|---|
| Banks | 12.4% | 6.1% |
| Finance | 5.6% | 3.3% |
| Retailing | 5.2% | 3.0% |
| Capital Markets | 4.5% | 3.2% |
| Automobiles | 3.9% | 1.5% |
| Electrical Equipment | 1.1% | 3.8% |
| Financial Technology (Fintech) | 3.8% | 2.1% |
| Auto Components | 2.9% | 3.7% |
| Consumer Durables | 3.0% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
JM Aggressive Hybrid vs JM Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Aggressive Hybrid Fund | JM Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.16% | 1.05% |
| Base expense ratio (Direct) | 0.75% | 0.40% |
| Total expense ratio (Regular) | 2.69% | 2.73% |
| Base expense ratio (Regular) | 2.06% | 1.82% |
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 JM Aggressive Hybrid with
Compare JM Multi Asset Allocation with
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- JM Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
JM Aggressive Hybrid Fund vs JM Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between JM Aggressive Hybrid Fund and JM Multi Asset Allocation Fund?
JM Aggressive Hybrid Fund is an Aggressive Hybrid fund, JM Multi Asset Allocation Fund is a Multi Asset fund, run by JM Financial Mutual Fund. Their portfolios overlap 21.4%. JM Aggressive Hybrid Fund charges 1.16% a year and JM Multi Asset Allocation Fund 1.05%.
Which has the lower expense ratio, JM Aggressive Hybrid Fund or JM Multi Asset Allocation Fund?
JM Multi Asset Allocation Fund charges less: 1.05% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Aggressive Hybrid Fund and JM Multi Asset Allocation Fund overlap?
21.4%. They hold 14 of the same securities, the largest shared ones being 6.94% GOI 11-May-2036, 6.36% GOI 16-Feb-2031, PAYTM. From each fund's latest monthly portfolio.
Which is riskier, JM Aggressive Hybrid Fund or JM Multi Asset Allocation Fund?
On SEBI's riskometer, JM Aggressive Hybrid Fund is rated Very High and JM Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 13.91% and 10.24% a year.
Can I invest in both JM Aggressive Hybrid Fund and JM Multi Asset Allocation Fund?
Yes. 21.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages JM Aggressive Hybrid Fund and JM Multi Asset Allocation Fund?
JM Aggressive Hybrid Fund: Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar. JM Multi Asset Allocation Fund: Asit Bhandarkar, Deepak Gupta, Killol Pandya, Satish Ramanathan.
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.