📊 Aggressive Hybrid Fund · Deep Analysis

DSP Aggressive Hybrid Fund

DSP Mutual Fund · Direct Growth · SEBI Category: Aggressive Hybrid

Current NAV ₹384.4370 (+0.20% today) As of 04 Jun 2026
1 Year Return -4.1%
3 Year CAGR +12.6% p.a.
5 Year CAGR +10.7% p.a.
AAUM ₹10.4K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,569 daily NAV records
Fund Overview

DSP Aggressive Hybrid Fund — Quick Summary

DSP Aggressive Hybrid Fund is India's largest aggressive hybrid fund by AUM — a position built through consistent performance and DSP Mutual Fund's strong research culture. The fund invests 65-80% in equity across market caps and 20-35% in high-quality debt instruments, providing a balanced portfolio for investors seeking equity growth with some built-in stability.

The fund maintains a relatively stable equity-debt allocation within SEBI's mandated band. The equity sleeve focuses on quality businesses with earnings visibility while the debt component prioritises high credit quality short to medium duration bonds. This combination delivers equity-linked returns with lower volatility than pure equity funds — making it suitable as a one-fund solution for moderate risk investors.

Fund House
DSP Mutual Fund
SEBI Category
Aggressive Hybrid
Benchmark
CRISIL Hybrid 35+65 Aggressive Index
Fund Manager
Atul Bhole & Shantanu Godambe
AMFI Code
119019
Risk Level
Very High
NAV Records in DB
2,569 days
Quarterly Average AUM · Jan–Mar 2026
₹10.4K Cr
↓ Decreased by 1.7% vs Oct–Dec 2025 · ₹10.6K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
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✓ Suitable For
Moderate risk investors wanting equity growth with debt stability in one fund. First-time equity investors wanting a gentler introduction to equity markets. Investors with 5+ year horizon who prefer a single balanced fund over managing multiple funds separately.
India's largest aggressive hybrid fund with strong DSP research backing. Equity taxation applies — long-term gains taxed at 10% LTCG. Automatic equity-debt rebalancing within SEBI mandated band. Suitable as a complete, one-fund solution for moderate investors.
✗ Not Suitable For
Aggressive investors seeking maximum equity returns — the 20-35% debt allocation reduces upside. Those wanting dynamic asset allocation like balanced advantage funds — this fund maintains a fixed equity-debt band. Investors with horizons under 3 years.
Who Runs This Fund

Fund Manager

AB
Atul Bhole & Shantanu Godambe
DSP Mutual Fund · Managing since January 2018

Atul Bhole manages the equity component of DSP Aggressive Hybrid Fund while Shantanu Godambe manages the fixed income sleeve. Bhole applies DSP's research-driven equity approach to select quality businesses across market caps for the 65-80% equity allocation. Godambe manages the 20-35% debt component with a focus on high credit quality and capital preservation.

For current co-manager details and full biography, refer to the latest DSP Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 119019
The official AMFI scheme code for DSP Aggressive Hybrid Fund Direct Growth is 119019. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
Aggressive hybrid funds cannot reduce equity below 65% even in expensive markets — unlike balanced advantage funds. The mandatory minimum equity means the fund participates in equity market falls more than a balanced advantage fund. Compare with balanced advantage funds if you want more downside protection through dynamic allocation.
Investment Objective
As per Scheme Information Document
To seek capital appreciation and income by investing predominantly in equity and equity related instruments and a portion in debt and money market securities.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Aggressive Hybrid Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
DSP Aggressive Hybrid Fund ▲ ₹384.44 ₹10.4K Cr Jan–Mar 2026 -4.1% +12.6% p.a. +10.7% p.a. 0.77
Kotak Aggressive Hybrid Fund ₹74.24 ₹8.1K Cr Jan–Mar 2026 +4.1% +14.5% p.a. +13.2% p.a. 0.80
UTI Aggressive Hybrid Fund ₹425.84 ₹5.2K Cr Jan–Mar 2026 -0.5% +13.4% p.a. +12.9% p.a. 0.83
Nippon India Aggressive Hybrid Fund ₹116.94 ₹3.6K Cr Jan–Mar 2026 +1.0% +12.9% p.a. +12.4% p.a. 0.73
Tata Aggressive Hybrid Fund ₹480.67 ₹3.4K Cr Jan–Mar 2026 -0.3% +9.5% p.a. +10.3% p.a. 0.39
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 2,569 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
-1.3%
3 MonthPoint-to-point
-3.9%
6 MonthPoint-to-point
-6.4%
1 YearPoint-to-point
-4.1%
3 YearCAGR
+12.6% p.a.
5 YearCAGR
+10.7% p.a.
10 YearCAGR
+12.9% p.a.
₹1 Lakh → 5YLump sum growth
₹164,540

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+63.7%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-15.2%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+24.7% p.a.
Mar 2020 – Apr 2023
Worst 3Y CAGRCAGR p.a.
+0.1% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+7.9%
2024
+18.9%
2023
+26.6%
2022
-1.7%
2021
+25.5%
2020
+18.2%
2019
+15.3%
2018
-4.1%
2017
+29.2%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
15.2%
Positive in 85% of windows
Best: 63.7% · Worst: -15.2%
3Y Rolling Avg
14.4% p.a.
Positive in 100% of windows
Best: 24.7% · Worst: 0.1%
5Y Rolling Avg
15.2% p.a.
Positive in 100% of windows
Best: 24.6% · Worst: 9.1%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-28.8%
Feb 2020 → Mar 2020
Recovered: Nov 2020 (11 mos)
Current from Peak
-7.1%
All-time Peak: ₹413.19
Peak date: Jan 2026

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-9.8%
Sep 27, 2024 – Apr 7, 2025
Recovered: May 2025 (3 mos)
COVID-19 Crash
-28.8%
Feb 19 – Mar 23, 2020
Recovered: Nov 2020 (11 mos)
2022 Rate Hike Cycle
-16.7%
Jan 17 – Jun 17, 2022
Recovered: May 2023 (1yr 4mo)
2018 IL&FS Crisis
-14.1%
Aug 28 – Oct 26, 2018
Recovered: May 2019 (10 mos)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
0.77
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.10
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
9.6%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
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Want to see what DSP Aggressive Hybrid Fund is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Aggressive Hybrid Funds

See how DSP Aggressive Hybrid Fund ranks against other Aggressive Hybrid funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.