Best Aggressive Hybrid Funds in India

30 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

#Fund
1ICICI Prudential Equity & Debt Fund - Direct Plan - GrowthGold0.83-30.7%+18.39%71%+6.66%₹51,481 Cr1.04%
2BANK OF INDIA MID & SMALL CAP EQUITY & DEBT FUND - DIRECT PLAN GROWTHGold0.78-36.6%+20.45%72%+14.35%₹1,695 Cr0.90%
3Bandhan Aggressive Hybrid Fund-Direct Plan GrowthSilver0.74-31.6%+15.51%61%+12.10%₹2,184 Cr0.85%
4Edelweiss Aggressive Hybrid Fund-Direct Plan-Growth OptionGold0.73-28.6%+15.73%55%+7.02%₹3,784 Cr0.77%
5SBI EQUITY HYBRID FUND - DIRECT PLAN - GrowthSilver0.69-27.5%+14.05%41%+7.75%₹85,633 Cr0.71%
6Mahindra Manulife Aggressive Hybrid Fund - Direct Plan -GrowthBronze0.64-25.4%+19.52%96%+2.88%₹2,451 Cr0.91%
7Kotak Aggressive Hybrid Fund - Direct Plan -GrowthSilver0.64-32.1%+15.74%56%+8.58%₹8,962 Cr0.61%
8HSBC Aggressive Hybrid Fund - Direct GrowthBronze0.59-19.6%+15.73%74%+8.07%₹5,660 Cr0.91%
9Nippon India Aggressive Hybrid Fund - Direct Plan Growth PlanBronze0.59-42.4%+13.83%46%+5.89%₹4,014 Cr1.12%
10Baroda BNP Paribas Aggressive Hybrid Fund- DIRECT PLAN - GROWTH OPTIONSilver0.58-12.9%+15.76%75%+4.77%₹1,246 Cr0.65%
11quant Aggressive Hybrid Fund-Growth Option-Direct PlanPlatinum0.58-28.7%+16.35%57%+16.05%₹2,145 Cr1.38%
12UTI Aggressive Hybrid Fund -Direct Plan - GrowthBronze0.58-32.4%+14.23%49%+4.59%₹6,648 Cr1.26%
13Navi Aggressive Hybrid Fund - Direct Plan - GrowthGold0.56-30.6%+14.59%50%+13.21%₹114 Cr0.67%
14CANARA ROBECO EQUITY HYBRID FUND - DIRECT PLAN - GROWTH OPTIONBronze0.54-25.7%+14.77%52%+6.55%₹11,142 Cr0.63%
15DSP Aggressive Hybrid Fund - Direct Plan - Growth0.54-28.8%+14.61%50%+1.11%₹11,838 Cr0.79%
16Mirae Asset Aggressive Hybrid Fund - Direct Plan - GrowthSilver0.54-29.0%+14.92%56%+7.34%₹9,426 Cr0.62%
17Franklin India Aggressive Hybrid Fund - Direct - Growth0.53-27.8%+14.82%52%+2.71%₹2,340 Cr1.09%
18JM Aggressive Hybrid Fund (Direct) - Growth Option0.53-36.6%+14.68%51%+3.88%₹692 Cr2.68%
19Invesco India Aggressive Hybrid Fund - Direct Plan - Growth0.53-28.4%+15.89%66%-2.08%₹728 Cr0.88%
20Union Aggressive Hybrid Fund - Direct Plan - Growth OptionBronze0.51-15.1%+14.14%39%+6.43%₹737 Cr1.66%
21Aditya Birla Sun Life Equity Hybrid'95 Fund - Direct Plan-Growth0.49-32.0%+13.25%35%+5.39%₹7,065 Cr1.17%
22LIC MF Aggressive Hybrid Fund-Direct Plan-Growth0.46-28.2%+10.92%11%+5.35%₹528 Cr1.73%
23Axis Aggressive Hybrid Fund - Direct Plan - Growth Option0.42-28.0%+12.55%31%+5.82%₹1,456 Cr1.17%
24Sundaram Aggressive Hybrid Fund (Formerly Known as Principal Hybrid Equity Fund)- Direct Plan - Growth OptionBronze0.41-13.1%+13.41%20%+2.84%₹8,941 Cr1.17%
25PGIM India Aggressive Hybrid Equity Fund - Direct Plan - Growth0.38-31.2%+11.50%20%+2.52%₹205 Cr1.10%
26Tata Aggressive Hybrid Fund -Direct Plan- Growth Option0.30-28.9%+12.82%40%+4.60%₹3,793 Cr1.28%
27HDFC Hybrid Equity Fund - Growth Option - Direct Plan0.17-33.6%+13.04%39%-0.61%₹22,368 Cr1.12%

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 numeric column to re-sort; funds with no value for that 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.