Last updated 1 July 2026 · vs April 2026 · How the score is calculated
Aggressive hybrid funds hold 65-80% in equity and 20-35% in debt, by SEBI mandate. The category is for investors who want a clear equity tilt but with some debt ballast, usually as a core holding for someone 5-7 years from a goal. The expected return is closer to a flexi-cap fund than to a balanced hybrid, and the drawdown profile is correspondingly closer to equity. In the 2020 crash, aggressive hybrid funds fell 25-30%, vs 38% for pure equity flexi-cap. The category was carved out in the 2017 SEBI re-categorisation and is dominated by older balanced funds that were re-labelled. How to read this table. Compare the 5-year return to 75% Nifty 50 + 25% gilt. The fund should meaningfully beat that benchmark (after fees) for the equity portion to be earning its keep. A return within 1-2 points of the benchmark means the manager is essentially giving you a 75-25 index blend with expenses.
Each Aggressive Hybrid fund in the table is scored on a blend of five factors: 1-year, 3-year, and 5-year returns, the 3-year Sharpe ratio, and the 3-year maximum drawdown. The 5-year return carries the heaviest weight; the 1-year return carries the lightest, because a single year is mostly noise. Funds with less than three years of history are kept out of the 3Y / 5Y windows but are still listed if they have a 1-year track record.
The underlying NAV data is sourced nightly from the AMFI daily NAV file and the AMC factsheets. The score is re-run every month after the latest upload. Two funds with a score within 5 points of each other are essentially interchangeable for retail purposes; pick from the top 3-5 names in the list, not just the top 1. The full formula, weights, and edge cases are in the rankings methodology post.
| Rank | Scheme | Score |
|---|---|---|
1— | BANK OF INDIA MID & SMALL CAP EQUITY & DEBT FUND - REGULAR PLAN GROWTH Bank of India Mutual Fund · Regular | 88.1 |
2— | Bandhan Aggressive Hybrid Fund-Regular Plan Growth Bandhan Mutual Fund · Regular | 61.5 |
3— | Kotak Aggressive Hybrid Fund - Regular Plan -Growth Kotak Mahindra Mutual Fund · Regular | 58.7 |
4— | HSBC Aggressive Hybrid Fund - Regular Growth HSBC Mutual Fund · Regular | 54.8 |
5 | Navi Aggressive Hybrid Fund - Regular Plan - Growth Navi Mutual Fund · Regular | 51.8 |
Rankings based on data up to 1 July 2026. Direct plans and regular plans are scored separately; this table shows the regular plan of each fund. For educational purposes only, not investment advice. Mutual fund investments are subject to market risks. Read the full disclaimer.
Aggressive hybrid funds split on the debt sleeve: government securities only (PPFAS, ICICI) versus corporate bonds (HDFC, Reliance). The corporate bond sleeve is the swing factor for credit risk: a 30% corporate bond allocation can lose 3-5% in a credit event like the 2018 IL&FS default.
FinvestR Research Desk
Research team, FinvestR
The FinvestR research desk produces the monthly fund rankings and the underlying scoring engine. The team includes AMFI-registered distributors (ARN-142502) and NISM-Series-V-A certified research analysts. Plain English, no product pitches, full methodology on every page.
AMFI-registered Mutual Fund Distributor · ARN-142502 · NISM-Series-V-A: Mutual Fund Distributors
Last updated 1 July 2026. The full ranking methodology and the data sources are published in the July 2026 rankings post. Past performance does not indicate future results.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. FinvestR Capital is registered with AMFI as a Mutual Fund Distributor (ARN-142502). The rankings on this page are research output and not personalised investment advice. Consult a SEBI- registered investment advisor for advice tailored to your situation.