Synopsis- Aggressive hybrid mutual funds balance equity growth potential with debt stability, offering investors a mix of high returns and risk protection.
Aggressive hybrid mutual funds seek to provide long-term capital gains by holding their portfolio with large exposure to equities but having a cushion of debt to protect against falls. This article will compare the best performing schemes in the category that perform the best in terms of 5 year SIP returns, fund size, expense ratios and asset allocation so that the investors can make an informed decision.
1. ICICI Pru Equity & Debt Dir Gr
- 5-Year SIP XIRR: 20.53%
- AUM: ₹44,552 Crores as on 06-08-2025
- Expense Ratio: 0.96%
- NAV: ₹431.54
- Minimum Lump Sum: ₹5,000
- Minimum SIP: ₹100
- It is one of the biggest funds in this category with a high performance which has been driven by a diversified portfolio and its stable long term performance.
2. JM Aggressive Hybrid Dir Gr
- 5-Year SIP XIRR: 19.77%
- AUM: ₹861 Crores as on 06-08-2025
- Expense Ratio: 0.60%
- NAV: ₹137.05
- Minimum Lump Sum: ₹1,000
- Minimum SIP: ₹100
- This fund has a flexible mandate and a relatively low expense ratio making it an ideal fund to investors who want an aggressive equity allocation. This fund has the highest equity exposure among the top 7.
3. Bank of India Mid & Small Cap Equity & Debt Dir Gr
- 5-Year SIP XIRR: 19.70%
- AUM: ₹1,249 Crores as on 06-08-2025
- Expense Ratio: 0.86%
- NAV: ₹41.32
- Minimum Lump Sum: ₹5,000
- Minimum SIP: ₹1,000
- This is a mid & small cap equity-focused fund, which is preferred by high risk to reward investors having longer investment horizons.
4. Edelweiss Aggressive Hybrid Dir Gr
- 5-Year SIP XIRR: 18.67%
- AUM: ₹2,925 Crores as on 06-08-2025
- Expense Ratio: 0.40%
- NAV: ₹72.62
- Minimum Lump Sum: ₹100
- Minimum SIP: ₹100
- With a lowest expense ratio among the top 7 and a comparatively large allocation to equity, the fund attempts to identify an equity-driven growth while hedging the risk through debt.
5. Mahindra Manulife Aggressive Hybrid Fund Dir Gr
- 5-Year SIP XIRR: 18.51%
- AUM: ₹1,797 Crores as on 06-08-2025
- Expense Ratio: 0.47%
- NAV: ₹30.11
- Minimum Lump Sum: ₹1,000
- Minimum SIP: ₹500
- This fund has risk-adjusted return-focused exposure to equities and fixed income instruments at a competitive expense ratio.
6. Kotak Aggressive Hybrid Fund Dir Gr
- 5-Year SIP XIRR: 17.04%
- AUM: ₹7,808 Crores as on 06-08-2025
- Expense Ratio: 0.47%
- NAV: ₹73.17
- Minimum Lump Sum: ₹100
- Minimum SIP: ₹100
- One of the popular funds in the hybrid category, which delivers steady returns, large fund size and a well-structured approach to asset allocation.
7. Invesco India Aggressive Hybrid Dir Gr
- 5-Year SIP XIRR: 16.94%
- AUM: ₹741 Crores as on 06-08-2025
- Expense Ratio: 0.72%
- NAV: ₹25.18
- Minimum Lump Sum: ₹500
- Minimum SIP: ₹500
- The fund has a conservative-aggressive factor with a relatively high debt allocation and hence, is appropriate to moderate-risk investors.
Table showing 7 Best-Performing Aggressive Hybrid Mutual Funds
| Fund Name | 5Y SIP XIRR | AUM (₹ Cr) | Expense Ratio | NAV (₹) | Min Lump Sum | Min SIP |
| ICICI Pru Equity & Debt Dir Gr | 20.53% | 44,552 | 0.96% | 431.54 | ₹5,000 | ₹100 |
| JM Aggressive Hybrid Dir Gr | 19.77% | 861 | 0.60% | 137.05 | ₹1,000 | ₹100 |
| Bank of India Mid & Small Cap Equity & Debt Dir Gr | 19.70% | 1,249 | 0.86% | 41.32 | ₹5,000 | ₹1,000 |
| Edelweiss Aggressive Hybrid Dir Gr | 18.67% | 2,925 | 0.40% | 72.62 | ₹100 | ₹100 |
| Mahindra Manulife Aggressive Hybrid Dir Gr | 18.51% | 1,797 | 0.47% | 30.11 | ₹1,000 | ₹500 |
| Kotak Aggressive Hybrid Fund Dir Gr | 17.04% | 7,808 | 0.47% | 73.17 | ₹100 | ₹100 |
| Invesco India Aggressive Hybrid Dir Gr | 16.94% | 741 | 0.72% | 25.18 | ₹500 | ₹500 |
Equity / Debt / Cash Allocation Table
| Fund Name | Equity | Debt | Cash | Real Estate |
| ICICI Pru Equity & Debt Dir Gr | 73.1% | 21.3% | 3.0% | 2.3% |
| JM Aggressive Hybrid Dir Gr | 79.0% | 19.5% | 1.3% | — |
| Bank of India Mid & Small Cap Equity & Debt | 74.4% | 22.5% | 3.0% | — |
| Edelweiss Aggressive Hybrid Dir Gr | 77.0% | 16.6% | 6.3% | — |
| Mahindra Manulife Aggressive Hybrid Fund | 76.4% | 19.6% | 2.7% | 1.1% |
| Kotak Aggressive Hybrid Fund | 75.3% | 20.2% | 4.0% | 0.2% |
| Invesco India Aggressive Hybrid Dir Gr | 65.3% | 27.3% | 7.3% | — |
- ICICI Pru Equity & Debt Dir Gr has the best balanced approach with some allocation to real estate too.
- JM Aggressive Hybrid Dir Gr has the highest allocation in equity.
- Invesco India Aggressive Hybrid Dir Gr is the safest bet in the top 7 due to their high debt exposure and more proportion in cash.
Final Thoughts
ICICI Prudential Equity and Debt has a good mix of equity and debt exposure and it is a fairly balanced scheme with diverse asset exposure including real estates. Those who want to have a bigger equity-driven growth can take a look toward JM Aggressive Hybrid and a more conservative investor can choose Invesco India Aggressive Hybrid with a bigger level of debt and cash. Finally, fund selection must reflect the investors return target and risk tolerance in an aggressive hybrid category.
Written by Prajwal Hegde
