Shriram Aggressive Hybrid Fund vs Shriram ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Shriram Aggressive Hybrid Fund is an Aggressive Hybrid fund and Shriram ELSS Tax Saver Fund is an ELSS fund. In the 3 years to 30-10-2026, Shriram Aggressive Hybrid Fund (Direct) returned 8.7% a year and Shriram ELSS Tax Saver Fund (Direct) returned 6.9% a year. Shriram Aggressive Hybrid Fund charges 0.87% a year and Shriram ELSS Tax Saver Fund 0.95% (Direct plans). Their portfolios overlap 57.3%: they hold 55 of the same securities.
Shriram Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 8.7%
- Expense ratio
- 0.87%
- NAV
- ₹35.80
Shriram ELSS Tax Saver Fund
ELSS
- 3 year return
- 6.9%
- Expense ratio
- 0.95%
- NAV
- ₹22.48
Which is better, Shriram Aggressive Hybrid or Shriram ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Aggressive Hybrid returned more over 5 years: 7.5% a year against 6.1%.
- Shriram Aggressive Hybrid returned more over 3 years: 8.7% a year against 6.9%.
- Shriram Aggressive Hybrid costs less: 0.87% a year against 0.95% (Direct plans).
- Shriram Aggressive Hybrid swung less over 3 years: a standard deviation of 10.9% a year against 15.4%.
- Shriram Aggressive Hybrid fell less in its worst fall since 01-02-2019: −25.7% against −29.8%.
- Shriram Aggressive Hybrid is the larger fund: ₹50 Cr against ₹44 Cr.
- Their portfolios overlap 57.3%: 55 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 | Shriram Aggressive Hybrid Fund | Shriram ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Shriram Mutual Fund | Shriram Mutual Fund |
| Category | Aggressive Hybrid | ELSS |
| AUM | ₹50 Cr (30-09-2026) | ₹44 Cr (30-09-2026) |
| NAV | ₹35.80 (Direct) | ₹22.48 (Direct) |
| Expense ratio (Direct) | 0.87% | 0.95% |
| Expense ratio (Regular) | 2.47% | 2.57% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty 500 TRI |
| Launch date | 29-11-2013 | 25-01-2019 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Hitesh Savanth, Prateek Nigudkar, Amit Modani | Hitesh Savanth, Prateek Nigudkar |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. | NIL |
Shriram Aggressive Hybrid vs Shriram ELSS Tax Saver: 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 |
|---|---|---|---|---|---|---|---|
| Shriram Aggressive Hybrid Fund (Direct) | −0.39% | −4.34% | −1.16% | −3.58% | +8.71% | +7.51% | +9.58% |
| Shriram ELSS Tax Saver Fund (Direct) | −0.33% | −6.48% | −1.70% | −7.49% | +6.94% | +6.10% | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 50 ELSS funds, same plan type.
Shriram Aggressive Hybrid vs Shriram ELSS Tax Saver: Year-wise Returns
| Year | Aggressive HybridShriram Aggressive Hybrid | ELSS Tax SaverShriram ELSS Tax Saver |
|---|---|---|
| 2026to date | −4.52% | −7.74% |
| 2025 | +4.02% | −4.18% |
| 2024 | +15.06% | +18.73% |
| 2023 | +22.83% | +26.68% |
| 2022 | +3.16% | +3.96% |
| 2021 | +16.74% | +20.99% |
Shriram Aggressive Hybrid vs Shriram ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Shriram ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 1,168 of them, one for each trading day from 01-02-2022 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.
Shriram Aggressive Hybrid Fund (Direct)
Shriram ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
to
Jun 2022Apr 2020
to
Apr 2023Jan 2021
to
Jan 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shriram Aggressive Hybrid | 0.0 | 0.0 | 5.5 | 71.7 | 22.6 | 0.2 | 0.0 | 13.3% | 13.3% | 8.0% | 20.7% | 0% |
| Shriram ELSS Tax Saver | 0.0 | 0.0 | 8.6 | 41.5 | 42.8 | 7.1 | 0.0 | 14.8% | 15.0% | 5.6% | 24.3% | 6% |
| Nifty 500 TRI | 0.0 | 0.0 | 1.6 | 19.9 | 53.6 | 18.2 | 6.6 | 17.9% | 17.5% | 8.8% | 33.5% | -- |
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 Nifty 500 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 01-02-2019. Past returns do not promise future returns.
Shriram Aggressive Hybrid vs Shriram ELSS Tax Saver: 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 01-02-2019 to 30-10-2026: 93 instalments, ₹9,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Shriram Aggressive HybridShriram Aggressive Hybrid Fund (Direct) | ₹9,30,000 | ₹13,36,765 | ₹4,06,765 | 9.2% |
| Shriram ELSS Tax SaverShriram ELSS Tax Saver Fund (Direct) | ₹9,30,000 | ₹13,10,326 | ₹3,80,326 | 8.7% |
Shriram Aggressive HybridShriram Aggressive Hybrid Fund (Direct)
Shriram ELSS Tax SaverShriram ELSS Tax Saver 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.
Shriram Aggressive Hybrid vs Shriram ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Shriram Aggressive Hybrid Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.58% | −7.49% |
| Standard deviation | 9.78% | 13.51% |
| Sharpe ratio | -0.90 | -0.94 |
| Sortino ratio | -1.21 | -1.26 |
| Maximum drawdown | −10.1% (30-03-2026) | −14.5% (31-03-2026) |
| Beta | -- | 0.93 |
| Alpha | -- | −1.08% |
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 | Shriram Aggressive Hybrid Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | +6.94% |
| Standard deviation | 10.87% | 15.39% |
| Sharpe ratio | 0.25 | 0.06 |
| Sortino ratio | 0.32 | 0.08 |
| Maximum drawdown | −16.2% (28-02-2025) | −23.5% (28-02-2025) |
| Beta | -- | 1.02 |
| Alpha | -- | −3.35% |
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 | Shriram Aggressive Hybrid Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.51% | +6.10% |
| Standard deviation | 10.75% | 14.86% |
| Sharpe ratio | 0.16 | 0.02 |
| Sortino ratio | 0.21 | 0.03 |
| Maximum drawdown | −16.2% (28-02-2025) | −23.5% (28-02-2025) |
| Beta | -- | 0.99 |
| Alpha | -- | −2.68% |
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 | Shriram Aggressive Hybrid Fund (Direct) | Shriram ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.40% | +11.01% |
| Standard deviation | 11.21% | 15.95% |
| Sharpe ratio | 0.40 | 0.36 |
| Sortino ratio | 0.54 | 0.48 |
| Maximum drawdown | −25.7% (23-03-2020) | −29.8% (23-03-2020) |
| Beta | -- | 0.90 |
| Alpha | -- | −1.45% |
From daily NAVs, 06-12-2013 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.
Shriram Aggressive Hybrid Fund (Direct)
Shriram ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Shriram Aggressive Hybrid Fund (Direct) | −25.7% | 12-02-2020 | 23-03-2020 | 04-11-2020 | 7 months | −6.4% |
| Shriram ELSS Tax Saver Fund (Direct) | −29.8% | 12-02-2020 | 23-03-2020 | 26-08-2020 | 5 months | −16.9% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 01-02-2019, 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.
Shriram Aggressive Hybrid Fund (Direct)
Shriram ELSS Tax Saver Fund (Direct)
Nifty 500 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.
Shriram Aggressive Hybrid Fund (Direct)
Shriram ELSS Tax Saver Fund (Direct)
Nifty 500 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.
Shriram Aggressive Hybrid Fund (Direct)
Shriram ELSS Tax Saver Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Shriram Aggressive Hybrid Fund (Direct) | 73% | 70% | 6.50% |
| Shriram ELSS Tax Saver Fund (Direct) | 87% | 90% | 6.00% |
From month-end values since 01-02-2019. 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.
Shriram Aggressive Hybrid vs Shriram ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Shriram Aggressive Hybrid Fund, September 2026; Shriram ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 57.3%
- Held by both
- 55
- Only in Shriram Aggressive Hybrid
- 32
- Only in Shriram ELSS Tax Saver
- 16
| Security | % of Shriram Aggressive Hybrid | % of Shriram ELSS Tax Saver |
|---|---|---|
| HDFC Bank Ltd. | 4.32% | 7.47% |
| ICICI Bank Ltd. | 3.92% | 5.02% |
| Axis Bank Ltd. | 3.69% | 4.06% |
| Reliance Industries Ltd. | 3.41% | 3.90% |
| Bharti Airtel Ltd. | 3.14% | 3.79% |
| State Bank of India | 2.31% | 4.02% |
| Mahindra & Mahindra Ltd. | 2.53% | 2.03% |
| ITC Ltd. | 1.86% | 1.65% |
| SBI Life Insurance Company Ltd. | 1.75% | 1.46% |
| Larsen & Toubro Ltd. | 1.56% | 1.46% |
| Eternal Ltd. | 1.37% | 1.85% |
| Tata Consultancy Services Ltd. | 1.28% | 1.48% |
| NTPC Ltd. | 1.22% | 1.91% |
| InterGlobe Aviation Ltd. | 1.15% | 1.89% |
| TVS Motor Company Ltd. | 1.14% | 1.22% |
| Bajaj Holdings & Investment Ltd. | 1.52% | 1.12% |
| Infosys Ltd. | 1.10% | 1.80% |
| Sun Pharmaceutical Industries Ltd. | 1.78% | 1.07% |
| Maruti Suzuki India Ltd. | 1.05% | 1.29% |
| Coforge Ltd. | 1.26% | 0.88% |
| Eicher Motors Ltd. | 0.87% | 1.00% |
| Marico Ltd. | 0.84% | 1.12% |
| Oil India Ltd. | 0.84% | 1.31% |
| Canara Robeco Asset Mgmt Co Ltd. | 0.82% | 1.24% |
| Bharat Electronics Ltd. | 0.80% | 1.78% |
| R R Kabel Ltd. | 0.78% | 1.75% |
| Tata Steel Ltd. | 0.77% | 1.28% |
| Adani Ports & Special Economic Zone Ltd. | 0.76% | 1.54% |
| Kalpataru Projects International Ltd. | 0.76% | 0.82% |
| Rainbow Children's Medicare Ltd. | 0.75% | 0.92% |
| Samhi Hotels Ltd. | 0.75% | 1.96% |
| HCL Technologies Ltd. | 0.74% | 0.86% |
| Deepak Fertilizers & Petrochem Corp Ltd. | 0.71% | 0.72% |
| Kirloskar Oil Engines Ltd. | 0.67% | 1.92% |
| REC Ltd. | 0.65% | 0.81% |
| Ajanta Pharma Ltd. | 0.63% | 1.07% |
| Power Grid Corporation of India Ltd. | 0.59% | 0.86% |
| VARUN BEVERAGES LIMITED | 1.22% | 0.57% |
| Dodla Dairy Ltd. | 0.56% | 1.21% |
| Oil & Natural Gas Corporation Ltd. | 0.55% | 0.81% |
| Emami Ltd. | 0.44% | 0.50% |
| KFIN Technologies Ltd. | 0.43% | 2.00% |
| Sagility Ltd. | 0.40% | 1.30% |
| Bharat Petroleum Corporation Ltd. | 0.48% | 0.37% |
| TIPS Music Ltd. | 0.34% | 0.69% |
| Narayana Hrudayalaya ltd. | 0.31% | 0.37% |
| Swiggy Ltd. | 0.27% | 0.62% |
| Cipla Ltd. | 0.81% | 0.25% |
| GMR Airports Ltd. | 0.25% | 0.92% |
| Coal India Ltd. | 0.21% | 0.53% |
| Apollo Hospitals Enterprise Ltd. | 0.20% | 1.34% |
| PB Fintech Ltd. | 0.19% | 0.24% |
| Cohance Lifesciences Ltd. | 0.25% | 0.18% |
| Power Mech Projects Ltd. | 0.16% | 0.67% |
| Krsnaa Diagnostics Ltd. | 0.11% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.3% means 57.3% 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 Shriram Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| BANK OF BARODA CD RED 12-02-27 | 6.87% |
| 6.54% GOVT OF INDIA RED 17-01-2032 | 5.99% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 5.88% |
| 8.54% REC LTD NCD RED 15-11-28 | 5.50% |
| Hindalco Industries Ltd. | 1.13% |
Largest holdings only in Shriram ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| S.J.S. Enterprises Ltd. | 1.78% |
| Navin Fluorine International Ltd. | 1.40% |
| Karur Vysya Bank Ltd. | 1.28% |
| Thyrocare Technologies Ltd. | 1.07% |
| Tech Mahindra Ltd. | 0.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Shriram Aggressive Hybrid | Shriram ELSS Tax Saver |
|---|---|---|
| Equity | 74.0% | 95.0% |
| Debt | 24.2% | 0.0% |
| Cash and others | 1.7% | 5.0% |
Market cap of stocks
| Market cap | Shriram Aggressive Hybrid | Shriram ELSS Tax Saver |
|---|---|---|
| Large Cap | 53.4% | 61.9% |
| Mid Cap | 8.4% | 9.1% |
| Small Cap | 12.0% | 24.1% |
| Not on AMFI's list | 0.3% | 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 | Shriram Aggressive Hybrid | Shriram ELSS Tax Saver |
|---|---|---|
| Banks | 15.2% | 21.9% |
| IT - Software | 4.4% | 6.5% |
| Automobiles | 5.6% | 5.5% |
| Healthcare Services | 1.9% | 4.4% |
| Petroleum Products | 3.9% | 4.3% |
| Pharmaceuticals & Biotechnology | 4.2% | 4.0% |
| Telecom - Services | 3.1% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Shriram Aggressive Hybrid vs Shriram ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Shriram Aggressive Hybrid Fund | Shriram ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.87% | 0.95% |
| Base expense ratio (Direct) | 0.68% | 0.66% |
| Total expense ratio (Regular) | 2.47% | 2.57% |
| Base expense ratio (Regular) | 2.08% | 2.09% |
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 Shriram Aggressive Hybrid with
Compare Shriram ELSS Tax Saver with
Shriram Aggressive Hybrid Fund vs Shriram ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Shriram Aggressive Hybrid Fund and Shriram ELSS Tax Saver Fund?
Shriram Aggressive Hybrid Fund is an Aggressive Hybrid fund, Shriram ELSS Tax Saver Fund is an ELSS fund, run by Shriram Mutual Fund. Their portfolios overlap 57.3%. Shriram Aggressive Hybrid Fund charges 0.87% a year and Shriram ELSS Tax Saver Fund 0.95%.
Which has given higher returns, Shriram Aggressive Hybrid Fund or Shriram ELSS Tax Saver Fund?
Over 1 year: Shriram Aggressive Hybrid Fund −3.58%, Shriram ELSS Tax Saver Fund −7.49%. Over 3 years: Shriram Aggressive Hybrid Fund +8.71% a year, Shriram ELSS Tax Saver Fund +6.94% a year. Over 5 years: Shriram Aggressive Hybrid Fund +7.51% a year, Shriram ELSS Tax Saver Fund +6.10% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Shriram Aggressive Hybrid Fund or Shriram ELSS Tax Saver Fund?
Shriram Aggressive Hybrid Fund charges less: 0.87% a year against 0.95%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Shriram Aggressive Hybrid Fund and Shriram ELSS Tax Saver Fund overlap?
57.3%. They hold 55 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Shriram Aggressive Hybrid Fund or Shriram ELSS Tax Saver Fund?
On SEBI's riskometer, Shriram Aggressive Hybrid Fund is rated Very High and Shriram ELSS Tax Saver Fund Very High. Over 3 years, the standard deviation of daily returns was 10.87% and 15.39% a year.
Which is better for SIP, Shriram Aggressive Hybrid Fund or Shriram ELSS Tax Saver Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,21,647 in Shriram Aggressive Hybrid Fund (XIRR 6.6% a year) and ₹6,84,154 in Shriram ELSS Tax Saver Fund (XIRR 4.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Shriram Aggressive Hybrid Fund and Shriram ELSS Tax Saver Fund?
Yes. 57.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Shriram Aggressive Hybrid Fund and Shriram ELSS Tax Saver Fund?
Shriram Aggressive Hybrid Fund: Hitesh Savanth, Prateek Nigudkar, Amit Modani. Shriram ELSS Tax Saver Fund: Hitesh Savanth, Prateek Nigudkar.
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.