JM Aggressive Hybrid Fund vs Union Largecap Fund
Direct Plan, Growth option · Data as on 30-10-2026
JM Aggressive Hybrid Fund is an Aggressive Hybrid fund and Union Largecap Fund is a Large Cap fund. In the 3 years to 30-10-2026, JM Aggressive Hybrid Fund (Direct) returned 11.8% a year and Union Largecap Fund (Direct) returned 7.8% a year. JM Aggressive Hybrid Fund charges 1.16% a year and Union Largecap Fund 1.68% (Direct plans). Their portfolios overlap 33.8%: they hold 21 of the same securities.
JM Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 11.8%
- Expense ratio
- 1.16%
- NAV
- ₹134.15
Which is better, JM Aggressive Hybrid or Union Largecap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JM Aggressive Hybrid returned more over 5 years: 12.1% a year against 6.1%.
- JM Aggressive Hybrid returned more over 3 years: 11.8% a year against 7.8%.
- JM Aggressive Hybrid costs less: 1.16% a year against 1.68% (Direct plans).
- JM Aggressive Hybrid swung less over 3 years: a standard deviation of 12.5% a year against 13.7%.
- Union Largecap fell less in its worst fall since 18-05-2017: −36.4% against −36.6%.
- Union Largecap holds more in large companies: 83.0% of the fund in large caps against 43.2%.
- JM Aggressive Hybrid is the larger fund: ₹654 Cr against ₹408 Cr.
- Their portfolios overlap 33.8%: 21 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 | Union Largecap Fund |
|---|---|---|
| Fund house | JM Financial Mutual Fund | Union Mutual Fund |
| Category | Aggressive Hybrid | Large Cap |
| AUM | ₹654 Cr (30-09-2026) | ₹408 Cr (30-09-2026) |
| NAV | ₹134.15 (Direct) | ₹23.73 (Direct) |
| Expense ratio (Direct) | 1.16% | 1.68% |
| Expense ratio (Regular) | 2.69% | 2.58% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | BSE 100 TRI |
| Launch date | 01-04-1995 | 11-05-2017 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar | Pratik Dharmshi, Sanjay Bembalkar |
| 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 | Exit load of 1%, if redeemed within 15 days. |
JM Aggressive Hybrid vs Union Largecap: 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% |
| Union Largecap Fund (Direct) | +0.98% | −4.24% | −2.18% | −8.09% | +7.81% | +6.11% | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 35 Large Cap funds, same plan type.
JM Aggressive Hybrid vs Union Largecap: Year-wise Returns
| Year | JM Aggressive HybridJM Aggressive Hybrid | Union LargecapUnion Largecap |
|---|---|---|
| 2026to date | −2.73% | −7.05% |
| 2025 | −1.55% | +5.23% |
| 2024 | +29.28% | +13.31% |
| 2023 | +35.47% | +23.26% |
| 2022 | +9.13% | +0.23% |
| 2021 | +23.91% | +29.33% |
JM Aggressive Hybrid vs Union Largecap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of Union Largecap Fund
Rolling returns
Every 3-year holding period, 1,594 of them, one for each trading day from 18-05-2020 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.
JM Aggressive Hybrid Fund (Direct)
Union Largecap Fund (Direct)
BSE 100 TRI
to
Nov 2020Dec 2018
to
Dec 2021Feb 2020
to
Feb 2023Mar 2021
to
Mar 2024Apr 2022
to
Apr 2025Apr 2023
to
Apr 2026
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JM Aggressive Hybrid | 2.1 | 5.7 | 4.1 | 18.6 | 17.9 | 37.6 | 13.9 | 18.1% | 20.3% | −7.3% | 34.1% | 68% |
| Union Largecap | 1.5 | 6.4 | 11.4 | 39.8 | 29.8 | 10.0 | 1.0 | 13.7% | 14.0% | −4.7% | 30.0% | 6% |
| BSE 100 TRI | 0.4 | 5.0 | 7.5 | 33.2 | 41.2 | 9.2 | 3.5 | 15.1% | 15.5% | −1.6% | 32.8% | -- |
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 BSE 100 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 18-05-2017. Past returns do not promise future returns.
JM Aggressive Hybrid vs Union Largecap: 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 02-05-2017 to 30-10-2026: 114 instalments, ₹11,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| JM Aggressive HybridJM Aggressive Hybrid Fund (Direct) | ₹11,40,000 | ₹22,76,197 | ₹11,36,197 | 14.0% |
| Union LargecapUnion Largecap Fund (Direct) | ₹11,40,000 | ₹18,38,214 | ₹6,98,214 | 9.8% |
JM Aggressive HybridJM Aggressive Hybrid Fund (Direct)
Union LargecapUnion Largecap 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.
JM Aggressive Hybrid vs Union Largecap: 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) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.13% | −8.09% |
| Standard deviation | 12.70% | 14.03% |
| Sharpe ratio | -0.82 | -0.95 |
| Sortino ratio | -1.09 | -1.27 |
| Maximum drawdown | −13.7% (30-03-2026) | −14.1% (30-03-2026) |
| Beta | -- | 0.99 |
| Alpha | -- | +0.69% |
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 | JM Aggressive Hybrid Fund (Direct) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.76% | +7.81% |
| Standard deviation | 12.46% | 13.72% |
| Sharpe ratio | 0.46 | 0.13 |
| Sortino ratio | 0.63 | 0.18 |
| Maximum drawdown | −17.0% (30-03-2026) | −16.3% (28-02-2025) |
| Beta | -- | 0.99 |
| Alpha | -- | −1.14% |
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 | JM Aggressive Hybrid Fund (Direct) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.14% | +6.11% |
| Standard deviation | 12.06% | 13.79% |
| Sharpe ratio | 0.53 | 0.02 |
| Sortino ratio | 0.71 | 0.03 |
| Maximum drawdown | −17.0% (30-03-2026) | −18.8% (17-06-2022) |
| Beta | -- | 0.98 |
| Alpha | -- | −1.63% |
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 | JM Aggressive Hybrid Fund (Direct) | Union Largecap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.88% | +9.55% |
| Standard deviation | 13.91% | 16.04% |
| Sharpe ratio | 0.49 | 0.26 |
| Sortino ratio | 0.70 | 0.35 |
| Maximum drawdown | −36.6% (23-03-2020) | −36.4% (23-03-2020) |
| Beta | -- | 0.97 |
| Alpha | -- | −1.93% |
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)
Union Largecap Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| JM Aggressive Hybrid Fund (Direct) | −36.6% | 03-06-2019 | 23-03-2020 | 23-10-2020 | 7 months | −8.8% |
| Union Largecap Fund (Direct) | −36.4% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 18-05-2017, 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.
JM Aggressive Hybrid Fund (Direct)
Union Largecap Fund (Direct)
BSE 100 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.
JM Aggressive Hybrid Fund (Direct)
Union Largecap Fund (Direct)
BSE 100 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.
JM Aggressive Hybrid Fund (Direct)
Union Largecap Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| JM Aggressive Hybrid Fund (Direct) | 88% | 74% | 9.23% |
| Union Largecap Fund (Direct) | 92% | 99% | 3.04% |
From month-end values since 18-05-2017. 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.
JM Aggressive Hybrid vs Union Largecap: Portfolio Overlap
From each fund's latest monthly portfolio: JM Aggressive Hybrid Fund, September 2026; Union Largecap Fund, September 2026
Holdings in common
- Overlap
- 33.8%
- Held by both
- 21
- Only in JM Aggressive Hybrid
- 60
- Only in Union Largecap
- 36
| Security | % of JM Aggressive Hybrid | % of Union Largecap |
|---|---|---|
| Eternal Limited | 2.94% | 3.27% |
| Bharti Airtel Limited | 2.71% | 4.31% |
| Kotak Mahindra Bank Limited | 2.42% | 2.52% |
| Reliance Industries Limited | 2.21% | 5.28% |
| ICICI Bank Limited | 2.03% | 9.41% |
| Bajaj Finance Limited | 2.63% | 2.00% |
| Torrent Pharmaceuticals Limited | 1.95% | 3.27% |
| Mahindra & Mahindra Limited | 1.94% | 2.68% |
| HDFC Bank Limited | 1.68% | 6.95% |
| Axis Bank Limited | 1.57% | 3.24% |
| NTPC Limited | 1.55% | 2.37% |
| Larsen & Toubro Limited | 1.43% | 2.49% |
| Adani Enterprises Limited | 1.33% | 1.27% |
| Maruti Suzuki India Limited | 1.23% | 1.25% |
| GE Vernova T&D India Limited | 1.09% | 1.31% |
| JSW Steel Limited | 1.07% | 1.23% |
| Multi Commodity Exchange of India Ltd. | 2.09% | 1.03% |
| UNO Minda Limited | 1.08% | 1.00% |
| Apollo Hospitals Enterprise Limited | 2.13% | 0.90% |
| Adani Port & Special Economic Zone Ltd | 1.69% | 0.88% |
| Tata Motors Limited | 1.45% | 0.85% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.8% means 33.8% 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 |
|---|---|
| One 97 Communications Limited | 3.80% |
| 6.94% GOI 11-May-2036 | 2.67% |
| 6.36% GOI 16-Feb-2031 | 2.29% |
| Ujjivan Small Finance Bank Limited | 2.00% |
| 7.9% Mahindra & Mahindra Financial Serv Ltd. 21-FEB-2028 | 1.83% |
Largest holdings only in Union Largecap Fund
| Security | % of fund |
|---|---|
| State Bank of India | 4.18% |
| Infosys Ltd. | 2.69% |
| Tata Consumer Products Ltd. | 2.57% |
| Solar Industries India Ltd. | 2.45% |
| Titan Company Ltd. | 2.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | JM Aggressive Hybrid | Union Largecap |
|---|---|---|
| Equity | 77.8% | 99.0% |
| Debt | 19.9% | 0.1% |
| Cash and others | 2.3% | 0.9% |
Market cap of stocks
| Market cap | JM Aggressive Hybrid | Union Largecap |
|---|---|---|
| Large Cap | 43.2% | 83.0% |
| Mid Cap | 16.7% | 10.7% |
| Small Cap | 16.6% | 3.6% |
| Not on AMFI's list | 1.2% | 1.7% |
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 | Union Largecap |
|---|---|---|
| Banks | 12.4% | 26.3% |
| Finance | 5.6% | 4.8% |
| Petroleum Products | 2.2% | 5.3% |
| Pharmaceuticals & Biotechnology | 1.9% | 5.2% |
| Retailing | 5.2% | 4.6% |
| Automobiles | 3.9% | 4.9% |
| Capital Markets | 4.5% | 3.5% |
| Financial Technology (Fintech) | 3.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
JM Aggressive Hybrid vs Union Largecap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | JM Aggressive Hybrid Fund | Union Largecap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.16% | 1.68% |
| Base expense ratio (Direct) | 0.75% | 1.34% |
| Total expense ratio (Regular) | 2.69% | 2.58% |
| Base expense ratio (Regular) | 2.06% | 2.10% |
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
JM Aggressive Hybrid Fund vs Union Largecap Fund: Frequently Asked Questions
What is the difference between JM Aggressive Hybrid Fund and Union Largecap Fund?
JM Aggressive Hybrid Fund is an Aggressive Hybrid fund, Union Largecap Fund is a Large Cap fund, run by JM Financial Mutual Fund and Union Mutual Fund. Their portfolios overlap 33.8%. JM Aggressive Hybrid Fund charges 1.16% a year and Union Largecap Fund 1.68%.
Which has given higher returns, JM Aggressive Hybrid Fund or Union Largecap Fund?
Over 1 year: JM Aggressive Hybrid Fund −5.13%, Union Largecap Fund −8.09%. Over 3 years: JM Aggressive Hybrid Fund +11.76% a year, Union Largecap Fund +7.81% a year. Over 5 years: JM Aggressive Hybrid Fund +12.14% a year, Union Largecap Fund +6.11% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, JM Aggressive Hybrid Fund or Union Largecap Fund?
JM Aggressive Hybrid Fund charges less: 1.16% a year against 1.68%. These are the Direct plans' total expense ratios reported to AMFI.
How much do JM Aggressive Hybrid Fund and Union Largecap Fund overlap?
33.8%. They hold 21 of the same securities, the largest shared ones being ETERNAL, BHARTIARTL, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, JM Aggressive Hybrid Fund or Union Largecap Fund?
On SEBI's riskometer, JM Aggressive Hybrid Fund is rated Very High and Union Largecap Fund Very High. Over 3 years, the standard deviation of daily returns was 12.46% and 13.72% a year.
Which is better for SIP, JM Aggressive Hybrid Fund or Union Largecap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,99,769 in JM Aggressive Hybrid Fund (XIRR 10.6% a year) and ₹7,02,268 in Union Largecap Fund (XIRR 5.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both JM Aggressive Hybrid Fund and Union Largecap Fund?
Yes. 33.8% 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 Union Largecap Fund?
JM Aggressive Hybrid Fund: Asit Bhandarkar, Satish Ramanathan, Deepak Gupta, Ruchi Fozdar. Union Largecap Fund: Pratik Dharmshi, Sanjay Bembalkar.
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.