Best Aggressive Hybrid Funds in India

35 aggressive hybrid funds in India, of which 27 meet the eligibility criteria, ranked on Sharpe ratio. Income with less volatility than equity?

Ranked on risk-adjusted return, not raw return — the point of this group is smoother outcomes.

Aggressive Hybrid Funds ranked by Sharpe ratio

#
1ICICI Prudential Equity & Debt Fund - Direct Plan - GrowthGold0.83-30.7%+18.28%71%+5.65%₹52,433 Cr1.05%
2BANK OF INDIA MID & SMALL CAP EQUITY & DEBT FUND - DIRECT PLAN GROWTHPlatinum0.78-36.6%+20.37%72%+16.03%₹1,841 Cr0.89%
3Bandhan Aggressive Hybrid Fund-Direct Plan GrowthGold0.74-31.6%+15.54%62%+11.67%₹2,410 Cr0.88%
4Edelweiss Aggressive Hybrid Fund-Direct Plan-Growth OptionPlatinum0.73-28.6%+15.69%55%+6.34%₹3,907 Cr0.77%
5SBI EQUITY HYBRID FUND - DIRECT PLAN - GrowthGold0.69-27.5%+14.02%41%+7.85%₹88,561 Cr0.71%
6Mahindra Manulife Aggressive Hybrid Fund - Direct Plan -GrowthSilver0.64-25.4%+19.50%95%+3.18%₹2,634 Cr0.91%
7Kotak Aggressive Hybrid Fund - Direct Plan -GrowthGold0.64-32.1%+15.67%56%+7.67%₹9,205 Cr0.61%
8HSBC Aggressive Hybrid Fund - Direct GrowthGold0.59-19.6%+15.56%75%+8.91%₹5,691 Cr0.95%
9Nippon India Aggressive Hybrid Fund - Direct Plan Growth PlanGold0.59-42.4%+13.77%46%+5.52%₹4,073 Cr1.12%
10Baroda BNP Paribas Aggressive Hybrid Fund- DIRECT PLAN - GROWTH OPTIONGold0.58-12.9%+15.70%72%+5.23%₹1,252 Cr0.68%
11quant Aggressive Hybrid Fund-Growth Option-Direct PlanPlatinum0.58-28.7%+16.29%57%+14.52%₹2,175 Cr1.39%
12UTI Aggressive Hybrid Fund -Direct Plan - GrowthSilver0.58-32.4%+14.15%49%+4.44%₹6,760 Cr1.26%
13Navi Aggressive Hybrid Fund - Direct Plan - GrowthPlatinum0.56-30.6%+14.54%50%+12.75%₹116 Cr0.67%
14CANARA ROBECO EQUITY HYBRID FUND - DIRECT PLAN - GROWTH OPTIONSilver0.54-25.7%+14.73%52%+6.01%₹11,371 Cr0.65%
15DSP Aggressive Hybrid Fund - Direct Plan - Growth0.54-28.8%+14.59%50%+0.38%₹11,909 Cr0.79%
16Mirae Asset Aggressive Hybrid Fund - Direct Plan - GrowthGold0.54-29.0%+14.91%56%+7.05%₹9,536 Cr0.62%
17Franklin India Aggressive Hybrid Fund - Direct - GrowthBronze0.53-27.8%+14.77%52%+2.18%₹2,364 Cr1.09%
18JM Aggressive Hybrid Fund (Direct) - Growth OptionSilver0.53-36.6%+14.71%51%+5.55%₹704 Cr2.68%
19Invesco India Aggressive Hybrid Fund - Direct Plan - Growth0.53-28.4%+15.85%66%-2.36%₹787 Cr0.89%
20Union Aggressive Hybrid Fund - Direct Plan - Growth OptionSilver0.51-15.1%+14.11%39%+7.07%₹762 Cr1.66%
21Aditya Birla Sun Life Equity Hybrid'95 Fund - Direct Plan-Growth0.49-32.0%+13.21%35%+5.03%₹7,210 Cr1.17%
22LIC MF Aggressive Hybrid Fund-Direct Plan-GrowthBronze0.46-28.2%+10.97%11%+6.00%₹540 Cr1.73%
23Axis Aggressive Hybrid Fund - Direct Plan - Growth Option0.42-28.0%+12.51%31%+5.69%₹1,476 Cr1.17%
24Sundaram Aggressive Hybrid Fund (Formerly Known as Principal Hybrid Equity Fund)- Direct Plan - Growth OptionSilver0.41-13.1%+13.35%20%+3.18%₹9,147 Cr1.17%
25PGIM India Aggressive Hybrid Equity Fund - Direct Plan - Growth0.38-31.2%+11.47%20%+2.04%₹206 Cr1.10%
26Tata Aggressive Hybrid Fund -Direct Plan- Growth Option0.30-28.9%+12.79%40%+5.20%₹3,930 Cr1.28%
27HDFC Hybrid Equity Fund - Growth Option - Direct Plan0.17-33.6%+13.00%39%-1.00%₹22,521 Cr1.11%

Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 1 year(s) old. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.

Aggressive Hybrid Funds — FAQs
Why rank these on risk-adjusted return?

The purpose of this group is a smoother path, not the highest possible number. A fund that earned slightly less with much less volatility is doing the job better, which is what a risk-adjusted measure captures and a raw return does not.

What risks do debt funds carry?

Two main ones. Interest-rate risk: when yields rise, existing bonds fall in value, and longer-duration funds move more. Credit risk: a borrower may be downgraded or default, which affects the NAV directly. Categories differ substantially in how much of each they take.