Aggressive Hybrid Mutual Funds in India
Updated June 2026 · 45 active funds · data from AMFI NAVs · benchmark: NIFTY 50 Hybrid Composite Debt 65:35 Index (derived)
Aggressive Hybrid funds are SEBI-defined hybrids that hold 65% to 80% in equity and 20% to 35% in debt. The dominant equity allocation makes them behave much like an equity fund, while the debt cushion is meant to soften — not eliminate — the falls. This is the classic 'one-fund' balanced product: enough equity to drive long-term growth, enough debt to take some edge off volatility, and a mandate that forces periodic rebalancing between the two as markets move. Risk and return sit well above Conservative Hybrid and Equity Savings, but typically a step below pure large-cap or mid-cap equity funds because of the bond buffer. They are commonly used as a core long-term holding or as a starter equity exposure for investors who want professional rebalancing built in rather than managing equity and debt funds separately. FindMF benchmarks this category against the NIFTY 50 Hybrid Composite Debt 65:35 Index and computes returns, volatility, Sharpe, alpha and beta from AMFI daily NAVs using its disclosed methodology, letting you see how much of a fund's return came with how much risk.
Who it suits: Long-horizon investors who want mostly-equity growth with built-in rebalancing and a debt cushion, in a single scheme.
97% of the 32 funds here with a computed alpha beat their benchmark over the measured window (positive alpha). Past performance is not indicative; this is analysis, not advice.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | BANK OF INDIA MID & SMALL CAP EQUITY & DEBT FUND Bank of India | +3.86% | +19.56% | +16.24% | 0.74 | -21.5% | 0.99% | ₹1.3K Cr |
| 2 | ICICI Prudential Equity & Debt Fund ICICI Prudential | +0.25% | +15.95% | +16.29% | 1.01 | -11.2% | 1.07% | ₹49.3K Cr |
| 3 | quant Aggressive Hybrid Fund quant | +8.29% | +15.75% | +14.60% | 0.69 | -18.6% | 0.75% | ₹2.0K Cr |
| 4 | JM Aggressive Hybrid Fund (Direct) JM Financial | -6.85% | +15.14% | +13.35% | 0.64 | -17.0% | 0.87% | ₹162 Cr |
| 5 | Bandhan Aggressive Hybrid Fund Bandhan | +3.52% | +14.89% | +12.63% | 0.61 | -15.5% | 0.71% | ₹1.7K Cr |
| 6 | Edelweiss Aggressive Hybrid Fund Edelweiss | -0.36% | +14.85% | +14.52% | 0.82 | -12.0% | 0.47% | ₹3.5K Cr |
| 7 | Kotak Aggressive Hybrid Fund Kotak Mahindra | +0.94% | +13.98% | +12.60% | 0.62 | -14.6% | 0.47% | ₹8.1K Cr |
| 8 | Mahindra Manulife Aggressive Hybrid Fund Mahindra Manulife | -3.77% | +13.71% | +13.07% | 0.67 | -13.4% | 1.32% | ₹2.1K Cr |
| 9 | HSBC Aggressive Hybrid Fund HSBC | +2.24% | +13.65% | - | 0.52 | -19.6% | 0.93% | ₹5.4K Cr |
| 10 | JM Aggressive Hybrid Fund (Regular) JM Financial | -8.30% | +13.31% | +11.85% | 0.54 | -19.0% | 0.87% | ₹573 Cr |
| 11 | SBI EQUITY HYBRID FUND SBI | +1.07% | +13.26% | +11.08% | 0.55 | -12.7% | 0.78% | ₹81.2K Cr |
| 12 | Edelweiss Aggressive Hybrid Fund - Plan B Edelweiss | -1.82% | +13.06% | +12.62% | 0.66 | -12.6% | - | ₹0 Cr |
| 13 | Baroda BNP Paribas Aggressive Hybrid Fund Baroda BNP Paribas | -1.97% | +12.82% | - | 0.45 | -12.9% | 0.62% | ₹143 Cr |
| 14 | UTI Aggressive Hybrid Fund UTI | -3.18% | +12.81% | +12.21% | 0.64 | -12.3% | 1.37% | ₹6.6K Cr |
| 15 | DSP Aggressive Hybrid Fund DSP | -4.81% | +12.50% | +10.46% | 0.43 | -17.3% | 1.15% | ₹11.8K Cr |
| 16 | Mirae Asset Aggressive Hybrid Fund Mirae Asset | +0.59% | +12.28% | +10.99% | 0.52 | -13.5% | 0.52% | ₹9.3K Cr |
| 17 | Navi Aggressive Hybrid Fund Navi | +2.69% | +12.26% | +11.72% | 0.53 | -12.8% | 0.59% | ₹109 Cr |
| 18 | Nippon India Aggressive Hybrid Fund Nippon India | -1.59% | +12.26% | +11.50% | 0.59 | -12.9% | 1.04% | ₹4.0K Cr |
| 19 | Invesco India Aggressive Hybrid Fund Invesco | -9.28% | +12.06% | +10.58% | 0.43 | -15.0% | 1.15% | ₹787 Cr |
| 20 | Franklin India Aggressive Hybrid Fund Franklin Templeton | -4.69% | +11.82% | +10.33% | 0.50 | -13.4% | 1.01% | ₹2.3K Cr |
Ranked by trailing return (3Y where available, else 1Y) on funds with at least one year of history. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.
Frequently asked questions
How are Aggressive Hybrid funds taxed?
Because they hold 65% or more in Indian equity, Aggressive Hybrid funds are taxed as equity funds. Gains on units held under 12 months are short-term and taxed at 20%; gains on units held 12 months or more are long-term and taxed at 12.5% on the amount above Rs 1.25 lakh per financial year. This equity tax treatment is one reason investors prefer them over debt-heavy hybrids for longer horizons.
What is a reasonable expense ratio, and how should I compare Aggressive Hybrid funds?
Equity-oriented hybrids generally cost more than debt funds; competitive direct plans often fall in the 0.5%-1.2% range, though this varies. Compare the direct plan across funds, and weigh TER against risk-adjusted return rather than headline return — a slightly pricier fund with steadier behaviour may suit better. FindMF lets you sort active Aggressive Hybrid funds by expense ratio, Sharpe and drawdown computed from AMFI NAVs.
How is this different from a Balanced Advantage (Dynamic Asset Allocation) fund?
An Aggressive Hybrid fund keeps equity within a fixed 65-80% band by mandate, so it stays mostly in equities. A Balanced Advantage fund can move its equity exposure dynamically using a model, sometimes dropping well below 65%. That difference also affects taxation, since a fund's equity level drives whether it is taxed as equity or debt.
Which benchmark does FindMF use here?
The default benchmark is the NIFTY 50 Hybrid Composite Debt 65:35 Index, matching the category's equity-tilted structure. FindMF computes alpha, beta, information ratio and tracking error against it from AMFI NAVs, where at least 24 overlapping months of history are available.