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    Mirae Asset Aggressive Hybrid Fund vs Mirae Asset Multi Asset Allocation Fund

    Direct Plan, Growth option · Data as on 30-10-2026

    Mirae Asset Aggressive Hybrid Fund is an Aggressive Hybrid fund and Mirae Asset Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Mirae Asset Aggressive Hybrid Fund (Direct) returned −1.3% and Mirae Asset Multi Asset Allocation Fund (Direct) returned 4.1%. Mirae Asset Aggressive Hybrid Fund charges 0.64% a year and Mirae Asset Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 61.8%: they hold 92 of the same securities.

    Mirae Asset Aggressive Hybrid Fund

    Aggressive Hybrid

    1 year return
    −1.3%
    Expense ratio
    0.64%
    NAV
    ₹38.34
    See Mirae Asset Aggressive Hybrid Fund

    Mirae Asset Multi Asset Allocation Fund

    Multi Asset

    1 year return
    4.1%
    Expense ratio
    0.65%
    NAV
    ₹13.67
    See Mirae Asset Multi Asset Allocation Fund

    Which is better, Mirae Asset Aggressive Hybrid or Mirae Asset 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.

    • Mirae Asset Multi Asset Allocation returned more over 1 year: 4.1% against −1.3%.
    • Mirae Asset Aggressive Hybrid costs less: 0.64% a year against 0.65% (Direct plans).
    • Mirae Asset Multi Asset Allocation fell less in its worst fall since 01-02-2024: −9.1% against −13.1%.
    • Mirae Asset Aggressive Hybrid is the larger fund: ₹9,239 Cr against ₹3,607 Cr.
    • Their portfolios overlap 61.8%: 92 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

    FactMirae Asset Aggressive Hybrid FundMirae Asset Multi Asset Allocation Fund
    Fund houseMirae Asset Mutual FundMirae Asset Mutual Fund
    CategoryAggressive HybridMulti Asset
    AUM₹9,239 Cr (30-09-2026)₹3,607 Cr (30-09-2026)
    NAV₹38.34 (Direct)₹13.67 (Direct)
    Expense ratio (Direct)0.64%0.65%
    Expense ratio (Regular)1.93%2.15%
    RiskometerVery HighVery High
    BenchmarkCRISIL Hybrid 35+65 - Aggressive Index65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index +7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver
    Launch date29-07-201531-01-2024
    Minimum investment₹5,000₹5,000
    Lock inNoneNone
    Fund managersHarshad Borawake, Vrijesh Kasera, Basant BafnaHarshad Borawake, Basant Bafna, Siddharth Srivastava, Ritesh Patel
    Exit loadExit load for units in excess of 15% of the investment,1% will be charged for redemption within 365 days.Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days.

    Mirae Asset Aggressive Hybrid vs Mirae Asset 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.

    Fund1M3M6M1Y3Y5Y10Y
    Mirae Asset Aggressive Hybrid Fund (Direct)−0.11%−2.61%−0.43%−1.26%+11.16%+9.26%+12.73%
    Mirae Asset Multi Asset Allocation Fund (Direct)−1.13%−2.18%−0.61%+4.13%------
    Aggressive Hybrid average−0.88%−3.67%−0.27%−3.33%+10.77%+9.35%+11.60%
    Multi Asset average−1.71%−3.33%−1.78%+2.00%------

    Category average: the average of the 29 Aggressive Hybrid funds and the 37 Multi Asset funds, same plan type.

    Mirae Asset Aggressive Hybrid vs Mirae Asset Multi Asset Allocation: Year-wise Returns

    YearAggressive HybridMirae Asset Aggressive HybridMulti Asset AllocationMirae Asset Multi Asset Allocation
    2026to date−2.52%+0.10%
    2025+11.20%+20.12%
    2024+15.14%--
    2023+20.66%--
    2022+3.78%--
    2021+25.56%--

    Mirae Asset Aggressive Hybrid vs Mirae Asset Multi Asset Allocation: Rolling Returns

    Every holding period of both funds

    Rolling returns

    Every 1-year holding period, 428 of them, one for each trading day from 03-02-2025 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.

    −5%0%5%10%15%20%25%30%
    Mar 2024
    to
    Mar 2025    Jul 2024
    to
    Jul 2025    Oct 2024
    to
    Oct 2025    Feb 2025
    to
    Feb 2026    May 2025
    to
    May 2026    Sept 2025
    to
    Sept 2026
    Mirae Asset Aggressive Hybrid Fund (Direct)Mirae Asset Multi Asset Allocation Fund (Direct)

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighest
    Mirae Asset Aggressive Hybrid2.332.935.025.74.00.00.07.3%7.0%−3.1%18.8%
    Mirae Asset Multi Asset Allocation0.01.611.953.521.59.32.114.1%13.5%2.7%27.3%

    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 01-02-2024. Past returns do not promise future returns.

    Mirae Asset Aggressive Hybrid vs Mirae Asset Multi Asset Allocation: 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 01-02-2024 to 30-10-2026: 33 instalments, ₹3,30,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Mirae Asset Aggressive HybridMirae Asset Aggressive Hybrid Fund (Direct) ₹3,30,000 ₹3,48,957 ₹18,957 4.0%
    Mirae Asset Multi Asset AllocationMirae Asset Multi Asset Allocation Fund (Direct) ₹3,30,000 ₹3,72,828 ₹42,828 8.9%
    ₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L
    20252026
    Mirae Asset Aggressive HybridMirae Asset Aggressive Hybrid Fund (Direct)Mirae Asset Multi Asset AllocationMirae Asset Multi Asset Allocation 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.

    Mirae Asset Aggressive Hybrid vs Mirae Asset Multi Asset Allocation: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureMirae Asset Aggressive Hybrid Fund (Direct)Mirae Asset Multi Asset Allocation Fund (Direct)
    Return (CAGR)−1.26%+4.13%
    Standard deviation11.13%10.38%
    Sharpe ratio-0.58-0.11
    Sortino ratio-0.79-0.15
    Maximum drawdown−10.1% (30-03-2026)−9.1% (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.

    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.

    −15%−10%−5%0%
    20252026
    Mirae Asset Aggressive Hybrid Fund (Direct)Mirae Asset Multi Asset Allocation Fund (Direct)
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Mirae Asset Aggressive Hybrid Fund (Direct)−13.1%27-09-202428-02-202526-06-20254 months−4.1%
    Mirae Asset Multi Asset Allocation Fund (Direct)−9.1%29-01-202623-03-202603-08-20264 months−4.9%

    From daily values since 01-02-2024, 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.

    0%5%10%15%
    2026
    Mirae Asset Aggressive Hybrid Fund (Direct)Mirae Asset Multi Asset Allocation Fund (Direct)

    Mirae Asset Aggressive Hybrid vs Mirae Asset Multi Asset Allocation: Portfolio Overlap

    From each fund's latest monthly portfolio: Mirae Asset Aggressive Hybrid Fund, September 2026; Mirae Asset Multi Asset Allocation Fund, September 2026

    Holdings in common

    Overlap
    61.8%
    Held by both
    92
    Only in Mirae Asset Aggressive Hybrid
    59
    Only in Mirae Asset Multi Asset Allocation
    78
    Security% of Mirae Asset Aggressive Hybrid% of Mirae Asset Multi Asset Allocation
    ICICI Bank Ltd.4.74%4.27%
    HDFC Bank Ltd.5.86%4.24%
    State Bank of India3.95%2.58%
    Reliance Industries Ltd.3.32%2.42%
    Bharti Airtel Ltd.2.98%2.07%
    Axis Bank Ltd.2.55%1.99%
    7.45% Torrent Pharmaceuticals Ltd. (MD 19/01/2028)2.04%1.38%
    Shriram Finance Ltd.1.56%1.32%
    TD Power Systems Ltd.1.40%1.18%
    Laurus Labs Ltd.2.12%1.13%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 61.8% means 61.8% 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 Mirae Asset Aggressive Hybrid Fund

    Security% of fund
    7.63% Mindspace Business Parks Reit (MD 26/09/2028)1.08%
    7.85% Muthoot Finance Ltd. (MD 22/02/2029)1.06%
    Greenply Industries Ltd.0.87%
    Delhivery Ltd.0.69%
    7.34% Government of India (MD 22/04/2064)0.67%

    Largest holdings only in Mirae Asset Multi Asset Allocation Fund

    Security% of fund
    Mirae Asset Gold ETF11.74%
    Mirae Asset Silver ETF1.59%
    7.88% Muthoot Finance Ltd. (MD 22/11/2028)0.68%
    L&T Finance Ltd. (MD 17/06/2027)0.63%
    7.23% Export-Import Bank of India (MD 18/03/2031)0.63%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetMirae Asset Aggressive HybridMirae Asset Multi Asset Allocation
    Equity76.1%66.4%
    Debt21.0%16.6%
    Cash and others2.8%17.0%

    Market cap of stocks

    Market capMirae Asset Aggressive HybridMirae Asset Multi Asset Allocation
    Large Cap52.1%44.6%
    Mid Cap9.8%9.3%
    Small Cap10.0%9.4%
    Not on AMFI's list4.3%3.1%

    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

    SectorMirae Asset Aggressive HybridMirae Asset Multi Asset Allocation
    Banks17.8%15.1%
    Pharmaceuticals & Biotechnology7.3%4.9%
    Petroleum Products3.9%3.0%
    Automobiles3.6%3.4%
    Consumer Durables3.5%3.6%
    Finance3.4%3.1%

    The six largest sectors of each fund's stocks, % of the fund.

    Mirae Asset Aggressive Hybrid vs Mirae Asset Multi Asset Allocation: Expense Ratio

    What each plan charges a year, from AMFI's expense ratio file

    ChargeMirae Asset Aggressive Hybrid FundMirae Asset Multi Asset Allocation Fund
    Total expense ratio (Direct)0.64%0.65%
    Base expense ratio (Direct)0.42%0.36%
    Total expense ratio (Regular)1.93%2.15%
    Base expense ratio (Regular)1.51%1.63%

    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

    Mirae Asset Aggressive Hybrid Fund vs Mirae Asset Multi Asset Allocation Fund: Frequently Asked Questions

    What is the difference between Mirae Asset Aggressive Hybrid Fund and Mirae Asset Multi Asset Allocation Fund?

    Mirae Asset Aggressive Hybrid Fund is an Aggressive Hybrid fund, Mirae Asset Multi Asset Allocation Fund is a Multi Asset fund, run by Mirae Asset Mutual Fund. Their portfolios overlap 61.8%. Mirae Asset Aggressive Hybrid Fund charges 0.64% a year and Mirae Asset Multi Asset Allocation Fund 0.65%.

    Which has given higher returns, Mirae Asset Aggressive Hybrid Fund or Mirae Asset Multi Asset Allocation Fund?

    Over 1 year: Mirae Asset Aggressive Hybrid Fund −1.26%, Mirae Asset Multi Asset Allocation Fund +4.13%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Mirae Asset Aggressive Hybrid Fund or Mirae Asset Multi Asset Allocation Fund?

    Mirae Asset Aggressive Hybrid Fund charges less: 0.64% a year against 0.65%. These are the Direct plans' total expense ratios reported to AMFI.

    How much do Mirae Asset Aggressive Hybrid Fund and Mirae Asset Multi Asset Allocation Fund overlap?

    61.8%. They hold 92 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.

    Which is riskier, Mirae Asset Aggressive Hybrid Fund or Mirae Asset Multi Asset Allocation Fund?

    On SEBI's riskometer, Mirae Asset Aggressive Hybrid Fund is rated Very High and Mirae Asset Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 11.13% and 10.38% a year.

    Can I invest in both Mirae Asset Aggressive Hybrid Fund and Mirae Asset Multi Asset Allocation Fund?

    Yes. 61.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.

    Who manages Mirae Asset Aggressive Hybrid Fund and Mirae Asset Multi Asset Allocation Fund?

    Mirae Asset Aggressive Hybrid Fund: Harshad Borawake, Vrijesh Kasera, Basant Bafna. Mirae Asset Multi Asset Allocation Fund: Harshad Borawake, Basant Bafna, Siddharth Srivastava, Ritesh Patel.

    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.

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