Mahindra Manulife Aggressive Hybrid Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Mahindra Manulife Aggressive Hybrid Fund is an Aggressive Hybrid fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Mahindra Manulife Aggressive Hybrid Fund (Direct) returned 10.6% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Mahindra Manulife Aggressive Hybrid Fund charges 0.84% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 36.3%: they hold 34 of the same securities.
Mahindra Manulife Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.6%
- Expense ratio
- 0.84%
- NAV
- ₹28.59
Which is better, Mahindra Manulife Aggressive Hybrid or SBI BSE 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mahindra Manulife Aggressive Hybrid returned more over 5 years: 10.2% a year against 7.6%.
- Mahindra Manulife Aggressive Hybrid returned more over 3 years: 10.6% a year against 8.8%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.84%.
- Mahindra Manulife Aggressive Hybrid swung less over 3 years: a standard deviation of 10.6% a year against 13.5%.
- Mahindra Manulife Aggressive Hybrid fell less in its worst fall since 23-07-2019: −25.4% against −38.2%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 40.8%.
- Mahindra Manulife Aggressive Hybrid is the larger fund: ₹2,798 Cr against ₹9 Cr.
- Their portfolios overlap 36.3%: 34 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 | Mahindra Manulife Aggressive Hybrid Fund | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | SBI Mutual Fund |
| Category | Aggressive Hybrid | Not available |
| AUM | ₹2,798 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹28.59 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 0.84% | Not available |
| Expense ratio (Regular) | 2.17% | 0.16% |
| Riskometer | Very High | Not available |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Not available |
| Launch date | 19-07-2019 | Not available |
| Minimum investment | ₹1,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Kirti Dalvi, Vishal Jajoo, Rahul Pal, Amit Garg | Not available |
| Exit load | Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 3 months. | Not available |
Mahindra Manulife Aggressive Hybrid vs SBI BSE 100 ETF: 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 |
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | −2.15% | −6.30% | −4.03% | −8.15% | +10.64% | +10.17% | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | -- |
Category average: the average of the 29 Aggressive Hybrid funds, same plan type.
Mahindra Manulife Aggressive Hybrid vs SBI BSE 100 ETF: Year-wise Returns
| Year | Mahindra Manulife Aggressive HybridMahindra Manulife Aggressive Hybrid | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −8.78% | −9.80% |
| 2025 | +9.85% | +10.33% |
| 2024 | +21.67% | +13.11% |
| 2023 | +25.49% | +23.07% |
| 2022 | +6.29% | +5.85% |
| 2021 | +33.09% | +26.33% |
Mahindra Manulife Aggressive Hybrid vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
Rolling returns
Every 3-year holding period, 1,050 of them, one for each trading day from 25-07-2022 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.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
to
Nov 2022Aug 2020
to
Aug 2023May 2021
to
May 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid | 0.0 | 0.0 | 0.1 | 10.7 | 49.4 | 36.6 | 3.2 | 19.3% | 19.4% | 9.9% | 28.3% | 93% |
| SBI BSE 100 ETF | 0.0 | 0.0 | 4.7 | 31.2 | 49.1 | 10.2 | 4.9 | 16.4% | 16.1% | 6.8% | 32.6% | 1% |
| BSE 100 TRI | 0.0 | 0.0 | 4.2 | 29.7 | 50.0 | 10.9 | 5.2 | 16.6% | 16.3% | 7.0% | 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 23-07-2019. Past returns do not promise future returns.
Mahindra Manulife Aggressive Hybrid vs SBI BSE 100 ETF: 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 23-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mahindra Manulife Aggressive HybridMahindra Manulife Aggressive Hybrid Fund (Direct) | ₹8,80,000 | ₹14,12,180 | ₹5,32,180 | 12.7% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹8,80,000 | ₹12,92,318 | ₹4,12,318 | 10.3% |
Mahindra Manulife Aggressive HybridMahindra Manulife Aggressive Hybrid Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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.
Mahindra Manulife Aggressive Hybrid vs SBI BSE 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mahindra Manulife Aggressive Hybrid Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | −8.15% | −9.05% |
| Standard deviation | 10.72% | 13.91% |
| Sharpe ratio | -1.25 | -1.03 |
| Sortino ratio | -1.63 | -1.36 |
| Maximum drawdown | −11.3% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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 | Mahindra Manulife Aggressive Hybrid Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +10.64% | +8.78% |
| Standard deviation | 10.64% | 13.55% |
| Sharpe ratio | 0.43 | 0.20 |
| Sortino ratio | 0.59 | 0.28 |
| Maximum drawdown | −12.3% (28-02-2025) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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 | Mahindra Manulife Aggressive Hybrid Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +10.17% | +7.62% |
| Standard deviation | 10.69% | 13.90% |
| Sharpe ratio | 0.41 | 0.13 |
| Sortino ratio | 0.56 | 0.18 |
| Maximum drawdown | −13.4% (17-06-2022) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.17% |
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 | Mahindra Manulife Aggressive Hybrid Fund (Direct) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +15.54% | +10.40% |
| Standard deviation | 12.11% | 15.99% |
| Sharpe ratio | 0.86 | 0.30 |
| Sortino ratio | 1.15 | 0.40 |
| Maximum drawdown | −25.4% (23-03-2020) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
From daily NAVs, 23-07-2019 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.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | −25.4% | 20-02-2020 | 23-03-2020 | 28-08-2020 | 5 months | −9.5% |
| SBI BSE 100 ETF (Regular) | −38.2% | 17-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −10.6% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 23-07-2019, 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.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
SBI BSE 100 ETF (Regular)
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.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
SBI BSE 100 ETF (Regular)
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.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | 86% | 62% | 5.71% |
| SBI BSE 100 ETF (Regular) | 100% | 100% | 0.07% |
From month-end values since 23-07-2019. 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.
Mahindra Manulife Aggressive Hybrid vs SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Mahindra Manulife Aggressive Hybrid Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 36.3%
- Held by both
- 34
- Only in Mahindra Manulife Aggressive Hybrid
- 77
- Only in SBI BSE 100 ETF
- 66
| Security | % of Mahindra Manulife Aggressive Hybrid | % of SBI BSE 100 ETF |
|---|---|---|
| ICICI Bank Limited | 4.79% | 7.24% |
| HDFC Bank Limited | 4.69% | 8.26% |
| Reliance Industries Limited | 2.32% | 6.01% |
| Bharti Airtel Limited | 2.13% | 4.18% |
| Axis Bank Limited | 1.89% | 2.68% |
| Kotak Mahindra Bank Ltd | 1.85% | 2.34% |
| Eternal Limited | 1.58% | 1.76% |
| Larsen & Toubro Limited | 1.53% | 3.35% |
| Sun Pharmaceutical Industries Limited | 1.12% | 1.50% |
| Mahindra & Mahindra Limited | 1.05% | 2.01% |
| Divi's Laboratories Limited | 0.95% | 0.90% |
| Grasim Industries Limited | 0.96% | 0.87% |
| Titan Company Limited | 0.86% | 1.43% |
| Tech Mahindra Limited | 1.50% | 0.75% |
| Adani Enterprises Limited | 1.35% | 0.75% |
| Bajaj Finserv Limited | 1.79% | 0.74% |
| TVS Motor Company Limited | 1.17% | 0.73% |
| Shriram Finance Limited | 0.73% | 1.04% |
| InterGlobe Aviation Limited | 0.68% | 0.85% |
| Trent Limited | 1.01% | 0.66% |
| Dr Reddys Laboratories Limited | 0.82% | 0.57% |
| Max Healthcare Institute Limited | 0.83% | 0.52% |
| Avenue Supermarts Limited | 1.16% | 0.48% |
| Coforge Limited | 1.05% | 0.46% |
| Tata Power Company Limited | 0.71% | 0.46% |
| IndusInd Bank Limited | 1.36% | 0.45% |
| CG Power and Industrial Solutions Limited | 0.49% | 0.44% |
| Britannia Industries Limited | 0.63% | 0.43% |
| Dixon Technologies (India) Limited | 1.30% | 0.42% |
| Suzlon Energy Limited | 0.42% | 0.36% |
| Pidilite Industries Limited | 0.64% | 0.34% |
| Marico Limited | 1.02% | 0.32% |
| SRF Limited | 0.88% | 0.27% |
| Havells India Limited | 0.83% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.3% means 36.3% 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 Mahindra Manulife Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Mahindra Manulife Liquid Fund -Direct Plan -Growth | 4.65% |
| 7.71% Government of India 2066 | 1.70% |
| 7.24% Government of India 2055 | 1.53% |
| Kirloskar Oil Engines Limited | 1.41% |
| Adani Energy Solutions Limited | 1.40% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| State Bank of India | 3.04% |
| Infosys Ltd. | 2.68% |
| Bajaj Finance Ltd. | 1.96% |
| ITC Ltd. | 1.94% |
| Tata Consultancy Services Ltd. | 1.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mahindra Manulife Aggressive Hybrid | SBI BSE 100 ETF |
|---|---|---|
| Equity | 73.9% | 100.0% |
| Debt | 17.2% | 0.0% |
| Cash and others | 8.9% | 0.0% |
Market cap of stocks
| Market cap | Mahindra Manulife Aggressive Hybrid | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 40.8% | 90.2% |
| Mid Cap | 22.6% | 9.7% |
| Small Cap | 10.5% | 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 | Mahindra Manulife Aggressive Hybrid | SBI BSE 100 ETF |
|---|---|---|
| Banks | 16.0% | 26.7% |
| IT - Software | 2.5% | 7.5% |
| Finance | 7.0% | 5.8% |
| Petroleum Products | 2.3% | 6.8% |
| Automobiles | 2.2% | 6.5% |
| Pharmaceuticals & Biotechnology | 5.0% | 3.9% |
| Telecom - Services | 2.1% | 4.5% |
| Industrial Products | 4.2% | 0.5% |
| Retailing | 4.2% | 3.3% |
| Consumer Durables | 3.6% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Mahindra Manulife Aggressive Hybrid vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mahindra Manulife Aggressive Hybrid Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.84% | Not available |
| Base expense ratio (Direct) | 0.49% | 0.00% |
| Total expense ratio (Regular) | 2.17% | 0.16% |
| Base expense ratio (Regular) | 1.67% | 0.12% |
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
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Mahindra Manulife Aggressive Hybrid Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Mahindra Manulife Aggressive Hybrid Fund and SBI BSE 100 ETF?
Mahindra Manulife Aggressive Hybrid Fund is an Aggressive Hybrid fund, SBI BSE 100 ETF is a mutual fund, run by Mahindra Manulife Mutual Fund and SBI Mutual Fund. Their portfolios overlap 36.3%. Mahindra Manulife Aggressive Hybrid Fund charges 0.84% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Mahindra Manulife Aggressive Hybrid Fund or SBI BSE 100 ETF?
Over 1 year: Mahindra Manulife Aggressive Hybrid Fund −8.15%, SBI BSE 100 ETF −9.05%. Over 3 years: Mahindra Manulife Aggressive Hybrid Fund +10.64% a year, SBI BSE 100 ETF +8.78% a year. Over 5 years: Mahindra Manulife Aggressive Hybrid Fund +10.17% a year, SBI BSE 100 ETF +7.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mahindra Manulife Aggressive Hybrid Fund or SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.84%. These are the total expense ratios reported to AMFI.
How much do Mahindra Manulife Aggressive Hybrid Fund and SBI BSE 100 ETF overlap?
36.3%. They hold 34 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Mahindra Manulife Aggressive Hybrid Fund or SBI BSE 100 ETF?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,55,156 in Mahindra Manulife Aggressive Hybrid Fund (XIRR 8.3% a year) and ₹7,13,638 in SBI BSE 100 ETF (XIRR 6.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mahindra Manulife Aggressive Hybrid Fund and SBI BSE 100 ETF?
Yes. 36.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.