Kotak Aggressive Hybrid Fund vs Kotak Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Aggressive Hybrid Fund is an Aggressive Hybrid fund and Kotak Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, Kotak Aggressive Hybrid Fund (Direct) returned 12.2% a year and Kotak Conservative Hybrid Fund (Direct) returned 8.3% a year. Kotak Aggressive Hybrid Fund charges 0.64% a year and Kotak Conservative Hybrid Fund 0.60% (Direct plans). Their portfolios overlap 18.7%: they hold 41 of the same securities.
Kotak Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 12.2%
- Expense ratio
- 0.64%
- NAV
- ₹45.27
Kotak Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.3%
- Expense ratio
- 0.60%
- NAV
- ₹68.74
Which is better, Kotak Aggressive Hybrid or Kotak Conservative 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 7.9%.
- Kotak Aggressive Hybrid returned more over 3 years: 12.2% a year against 8.3%.
- Kotak Conservative Hybrid costs less: 0.60% a year against 0.64% (Direct plans).
- Kotak Conservative Hybrid swung less over 3 years: a standard deviation of 4.4% a year against 11.7%.
- Kotak Conservative Hybrid fell less in its worst fall since 30-01-2013: −11.8% against −46.9%.
- Kotak Aggressive Hybrid holds more in large companies: 39.0% of the fund in large caps against 14.8%.
- Kotak Aggressive Hybrid is the larger fund: ₹9,040 Cr against ₹2,733 Cr.
- Their portfolios overlap 18.7%: 41 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 | Kotak Aggressive Hybrid Fund | Kotak Conservative Hybrid Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Aggressive Hybrid | Conservative Hybrid |
| AUM | ₹9,040 Cr (30-09-2026) | ₹2,733 Cr (30-09-2026) |
| NAV | ₹45.27 (Direct) | ₹68.74 (Direct) |
| Expense ratio (Direct) | 0.64% | 0.60% |
| Expense ratio (Regular) | 1.89% | 1.77% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index TRI | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 29-11-1999 | 02-12-2003 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Atul Bhole, Abhishek Bisen | Shibani Sircar Kurian, Abhishek Bisen |
| Exit load | 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. | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 6 months. |
Kotak Aggressive Hybrid vs Kotak Conservative 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 |
|---|---|---|---|---|---|---|---|
| Kotak Aggressive Hybrid Fund (Direct) | −1.41% | −4.66% | −1.21% | −2.74% | +12.17% | +10.82% | +10.18% |
| Kotak Conservative Hybrid Fund (Direct) | −0.55% | −1.88% | +0.75% | +0.20% | +8.35% | +7.87% | +9.22% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 29 Aggressive Hybrid funds and the 18 Conservative Hybrid funds, same plan type.
Kotak Aggressive Hybrid vs Kotak Conservative Hybrid: Year-wise Returns
| Year | AggressiveKotak Aggressive Hybrid | ConservativeKotak Conservative Hybrid |
|---|---|---|
| 2026to date | −1.60% | −0.70% |
| 2025 | +5.48% | +6.52% |
| 2024 | +23.35% | +12.80% |
| 2023 | +21.73% | +15.40% |
| 2022 | +6.50% | +5.71% |
| 2021 | +30.66% | +14.79% |
Kotak Aggressive Hybrid vs Kotak Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,647 of them, one for each trading day from 01-02-2016 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Conservative Hybrid Fund (Direct)
to
Dec 2016Oct 2015
to
Oct 2018Aug 2017
to
Aug 2020Jun 2019
to
Jun 2022Apr 2021
to
Apr 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Aggressive Hybrid | 19.7 | 26.1 | 3.4 | 10.5 | 31.6 | 6.8 | 2.0 | 9.0% | 11.9% | −16.8% | 31.0% |
| Kotak Conservative Hybrid | 0.0 | 0.3 | 32.4 | 64.2 | 3.1 | 0.0 | 0.0 | 11.1% | 11.4% | 3.7% | 16.2% |
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 30-01-2013. Past returns do not promise future returns.
Kotak Aggressive Hybrid vs Kotak Conservative 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Aggressive HybridKotak Aggressive Hybrid Fund (Direct) | ₹16,60,000 | ₹34,85,745 | ₹18,25,745 | 10.1% |
| Kotak Conservative HybridKotak Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹33,93,828 | ₹17,33,828 | 9.8% |
Kotak Aggressive HybridKotak Aggressive Hybrid Fund (Direct)
Kotak Conservative HybridKotak Conservative 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.
Kotak Aggressive Hybrid vs Kotak Conservative Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Aggressive Hybrid Fund (Direct) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.74% | +0.20% |
| Standard deviation | 12.81% | 4.19% |
| Sharpe ratio | -0.62 | -1.20 |
| Sortino ratio | -0.84 | -1.57 |
| Maximum drawdown | −10.8% (30-03-2026) | −4.0% (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 | Kotak Aggressive Hybrid Fund (Direct) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.17% | +8.35% |
| Standard deviation | 11.73% | 4.40% |
| Sharpe ratio | 0.52 | 0.53 |
| Sortino ratio | 0.71 | 0.72 |
| Maximum drawdown | −14.6% (28-02-2025) | −4.0% (30-03-2026) |
| 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 | Kotak Aggressive Hybrid Fund (Direct) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.82% | +7.87% |
| Standard deviation | 11.02% | 4.23% |
| Sharpe ratio | 0.46 | 0.49 |
| Sortino ratio | 0.61 | 0.67 |
| Maximum drawdown | −14.6% (28-02-2025) | −4.4% (17-06-2022) |
| 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 | Kotak Aggressive Hybrid Fund (Direct) | Kotak Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.85% | +10.08% |
| Standard deviation | 15.33% | 4.74% |
| Sharpe ratio | -0.08 | 0.85 |
| Sortino ratio | -0.09 | 1.16 |
| Maximum drawdown | −47.4% (23-03-2020) | −11.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Conservative Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Aggressive Hybrid Fund (Direct) | −46.9% | 19-02-2013 | 23-03-2020 | 19-05-2021 | 14 months | −6.6% |
| Kotak Conservative Hybrid Fund (Direct) | −11.8% | 20-02-2020 | 23-03-2020 | 03-07-2020 | 3 months | −2.6% |
From daily values since 30-01-2013, 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Conservative 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Conservative 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Conservative Hybrid Fund (Direct)
Kotak Aggressive Hybrid vs Kotak Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Aggressive Hybrid Fund, September 2026; Kotak Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 18.7%
- Held by both
- 41
- Only in Kotak Aggressive Hybrid
- 66
- Only in Kotak Conservative Hybrid
- 74
| Security | % of Kotak Aggressive Hybrid | % of Kotak Conservative Hybrid |
|---|---|---|
| ICICI BANK LTD. | 2.98% | 1.45% |
| STATE BANK OF INDIA. | 2.87% | 1.24% |
| HDFC BANK LTD. | 2.50% | 1.21% |
| Central Government - 2055 | 1.15% | 7.12% |
| BHARTI AIRTEL LTD. | 2.90% | 1.06% |
| Central Government - 2065 | 0.96% | 6.80% |
| HDFC BANK LTD. | 0.82% | 0.90% |
| RELIANCE INDUSTRIES LTD. | 0.71% | 0.85% |
| 360 ONE PRIME LTD. | 0.56% | 1.84% |
| Tech Mahindra Ltd. | 0.54% | 0.57% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 1.54% | 0.52% |
| Max Healthcare Institute Ltd. | 0.88% | 0.52% |
| TORRENT PHARMACEUTICALS LTD. | 0.90% | 0.48% |
| BANK OF MAHARASHTRA | 1.14% | 0.44% |
| POONAWALLA FINCORP LIMITED | 0.99% | 0.43% |
| SWIGGY LTD | 0.94% | 0.43% |
| Mphasis Ltd | 1.48% | 0.40% |
| Schaeffler India Ltd | 0.91% | 0.40% |
| INDIAN BANK | 1.69% | 0.39% |
| United Spirits Ltd | 1.05% | 0.38% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.90% | 0.37% |
| Tamil Nadu State Govt - 2036 - Tamil Nadu | 0.60% | 0.36% |
| MOLBIO DIAGNOSTICS LIMITED | 2.17% | 0.35% |
| Fortis Healthcare India Ltd | 2.73% | 0.34% |
| Nippon Life Asset Management Ltd | 1.17% | 0.33% |
| Century Plyboards (India) Ltd. | 1.03% | 0.32% |
| Infosys Ltd. | 1.47% | 0.29% |
| MUTHOOT FINANCE LTD.(^) | 0.28% | 0.91% |
| REC LTD | 0.36% | 0.27% |
| Power Finance Corporation Ltd. | 0.27% | 0.54% |
| V.S.T Tillers Tractors Ltd | 0.26% | 0.33% |
| Power Finance Corporation Ltd. | 1.48% | 0.25% |
| TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LTD. | 0.20% | 1.22% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 2.50% | 0.18% |
| ANDHRA PRADESH STATE BEVERAGES CORPORATION LIMITED | 0.13% | 1.75% |
| LG ELECTRONICS INDIA LTD. | 1.03% | 0.12% |
| Central Government - 2053 | 0.11% | 0.23% |
| ANDHRA PRADESH STATE BEVERAGES CORPORATION LIMITED | 0.10% | 0.21% |
| Tamil Nadu State Govt - 2028 - Tamil Nadu | 0.06% | 0.19% |
| Central Government - 2033 | 0.03% | 0.04% |
| Central Government - 2074 | 0.01% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.7% means 18.7% 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 Kotak Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| ETERNAL LIMITED | 3.25% |
| SHRIRAM FINANCE LIMITED | 2.54% |
| Bharat Electronics Ltd. | 2.04% |
| Central Government - 2064 | 1.97% |
| ROSSELL TECHSYS LTD. | 1.94% |
Largest holdings only in Kotak Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| JTPM METAL TRADERS PVT LTD ( CATALYST TRUSTEESHIP LIMITE) | 3.95% |
| Power Finance Corporation Ltd. | 3.62% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 3.62% |
| LIC HOUSING FINANCE LTD. | 2.72% |
| PTC SIDDHIVINAYAK SECURITISATION TRUST 28/09/2030(SIDDHIVINAYAK TRUST) | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Aggressive Hybrid | Kotak Conservative Hybrid |
|---|---|---|
| Equity | 74.4% | 23.0% |
| Debt | 14.0% | 59.7% |
| Cash and others | 11.6% | 17.3% |
Market cap of stocks
| Market cap | Kotak Aggressive Hybrid | Kotak Conservative Hybrid |
|---|---|---|
| Large Cap | 39.0% | 14.8% |
| Mid Cap | 25.6% | 6.6% |
| Small Cap | 7.2% | 0.9% |
| Not on AMFI's list | 2.5% | 0.6% |
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 | Kotak Aggressive Hybrid | Kotak Conservative Hybrid |
|---|---|---|
| Banks | 11.2% | 6.0% |
| Finance | 10.7% | 0.9% |
| Retailing | 5.3% | 0.9% |
| Healthcare Services | 5.1% | 1.2% |
| IT - Software | 5.0% | 1.3% |
| Capital Markets | 4.9% | 0.9% |
| Pharmaceuticals and Biotechnology | 3.2% | 1.5% |
| Telecom - Services | 2.9% | 1.5% |
| Automobiles | 0.0% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Aggressive Hybrid vs Kotak Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Aggressive Hybrid Fund | Kotak Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 0.60% |
| Base expense ratio (Direct) | 0.45% | 0.49% |
| Total expense ratio (Regular) | 1.89% | 1.77% |
| Base expense ratio (Regular) | 1.51% | 1.48% |
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 Kotak Aggressive Hybrid with
Compare Kotak Conservative Hybrid with
- Kotak Conservative Hybrid vs Parag Parikh Conservative Hybrid
- Kotak Conservative Hybrid vs HSBC Conservative Hybrid
- Kotak Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Kotak Conservative Hybrid vs Nippon India Conservative Hybrid
- Kotak Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Kotak Aggressive Hybrid Fund vs Kotak Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between Kotak Aggressive Hybrid Fund and Kotak Conservative Hybrid Fund?
Kotak Aggressive Hybrid Fund is an Aggressive Hybrid fund, Kotak Conservative Hybrid Fund is a Conservative Hybrid fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 18.7%. Kotak Aggressive Hybrid Fund charges 0.64% a year and Kotak Conservative Hybrid Fund 0.60%.
Which has given higher returns, Kotak Aggressive Hybrid Fund or Kotak Conservative Hybrid Fund?
Over 1 year: Kotak Aggressive Hybrid Fund −2.74%, Kotak Conservative Hybrid Fund +0.20%. Over 3 years: Kotak Aggressive Hybrid Fund +12.17% a year, Kotak Conservative Hybrid Fund +8.35% a year. Over 5 years: Kotak Aggressive Hybrid Fund +10.82% a year, Kotak Conservative Hybrid Fund +7.87% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Aggressive Hybrid Fund or Kotak Conservative Hybrid Fund?
Kotak Conservative Hybrid Fund charges less: 0.60% a year against 0.64%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Aggressive Hybrid Fund and Kotak Conservative Hybrid Fund overlap?
18.7%. They hold 41 of the same securities, the largest shared ones being ICICIBANK, SBIN, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Aggressive Hybrid Fund or Kotak Conservative Hybrid Fund?
On SEBI's riskometer, Kotak Aggressive Hybrid Fund is rated Very High and Kotak Conservative Hybrid Fund High. Over 3 years, the standard deviation of daily returns was 11.73% and 4.40% a year.
Which is better for SIP, Kotak Aggressive Hybrid Fund or Kotak Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,83,589 in Kotak Aggressive Hybrid Fund (XIRR 9.8% a year) and ₹7,30,782 in Kotak Conservative Hybrid Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Aggressive Hybrid Fund and Kotak Conservative Hybrid Fund?
Yes. 18.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Aggressive Hybrid Fund and Kotak Conservative Hybrid Fund?
Kotak Aggressive Hybrid Fund: Atul Bhole, Abhishek Bisen. Kotak Conservative Hybrid Fund: Shibani Sircar Kurian, 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.