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Nippon India Aggressive Hybrid Fund

Aggressive Hybrid Fund · Nippon Life India Asset Management Limited

In plain words

Among the 159 similar aggressive hybrid funds we track, this one has grown money a bit faster than average. ₹1 lakh invested 5 years ago would be about ₹1.7 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹21.1 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹57,650. Funds like this reward patience and punish panic-selling.

New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.
Nippon India Aggressive Hybrid Fund has fallen 42% from a peak. See that fall charted in rupees, and every month it took to recover.
See the drawdown free →

Nippon India Aggressive Hybrid Fund is a aggressive hybrid fund from Nippon Life India Asset Management Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 57/99 (its recent momentum versus category peers) and a King Score of 66/100 (a long-term quality composite). The current NAV is ₹118.93 (as of 2026-09-16).

At a glance. Long-term quality (King Score): 66/100 · Current momentum (RS): 57/99 · 5-year CAGR: 10.62% · Worst-ever fall: -42.35%
57RS rating
66King Score
9.78%3Y CAGR
10.62%5Y CAGR
-42.35%Max drawdown
0.3Sharpe 3Y
0.93%Expense
3937AUM ₹Cr

Growth of ₹100 - last 5 years

2021-092026-08
What ₹100 invested 5 years ago would be worth today, from actual NAV history.

Nippon India Aggressive Hybrid Fund returns: last 1, 3, 5 and 10 years

PeriodThis fundCategory average
1 month-3.73%-3.12%
3 months-0.06%0.71%
6 months2.84%4.94%
1 year-0.21%0.72%
3 years (CAGR)9.78%10.38%
5 years (CAGR)10.62%9.95%
10 years (CAGR)9.84%12.01%

The last 10 years return of Nippon India Aggressive Hybrid Fund works out to 9.84% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹2.6 lakh today. The last 5 years return is 10.62% a year (₹1 lakh → ₹1.7 lakh), and the last 3 years return is 9.78% - behind its category's 10.38% average by 0.6 points. Its trailing one-year return is -0.21%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.

Year-by-year returns

YearNippon India AggressivBenchmark
2018-3.6%-3.4%
2019+3.8%+7.7%
2020-4.5%+16.7%
2021+28.8%+30.2%
2022+7.4%+3.0%
2023+25.0%+25.8%
2024+17.1%+15.2%
2025+7.1%+6.7%
2026-2.1%-5.8%

Nippon India Aggressive Hybrid Fund beat its benchmark in 4 of the last 9 calendar years. A below-par hit-rate versus its own index is worth weighing against its other strengths. Consistency against the benchmark matters more than any single great year.

Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.

What a monthly SIP in Nippon India Aggressive Hybrid Fund would have made

A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.

SIP durationYou investedIt becameXIRR
3 years₹370,000₹400,1085.15%
5 years₹610,000₹781,2289.82%
10 years₹1,210,000₹2,109,88310.71%

Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹2,109,883 - an XIRR of 10.71%. Figures are pre-tax and assume you stayed invested throughout.

Risk & drawdowns

MeasureThis fundCategory average
Worst drawdown (lifetime)-42.35%-28.53%
Worst drawdown (3Y)-12.87%-13.86%
Volatility (1Y)13.08%13.44%
Sharpe (3Y)0.30.33
Sortino (3Y)0.530.6
Beta (3Y)0.750.75
Alpha (3Y)1.88%2.56%
Up capture79.4%79.11%
Down capture71.2%69.0%
Bull-market return22.8%23.98%
Bear-market return-32.6%-23.44%

Timing matters more than people admit: the best possible 1-year stretch in Nippon India Aggressive Hybrid Fund (starting 2020-03-23) gained 76.3%, while the worst (starting 2019-03-22) lost 39.7%. The worst peak-to-bottom fall Nippon India Aggressive Hybrid Fund has ever put investors through is -42.35% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -32.6% annualised, versus 22.8% in rising markets. It has captured roughly 79.4% of its benchmark's up-moves and 71.2% of its down-moves.

How Nippon India Aggressive Hybrid Fund behaves when markets fall

When the market is falling (the Nifty below its 200-day average), Nippon India Aggressive Hybrid Fund has historically returned about -32.6% annualised, versus roughly 22.8% when the market is rising. Its deepest fall on record is -42.35%. Right now it sits about 4.03% below its all-time high (last hit 2026-08-10). The real question isn't the average year - it's whether you could hold on through the worst one.

How Nippon India Aggressive Hybrid Fund ranks in its category

Percentile versus its ~159 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.

3-year return
67th
Drawdown resilience
28th
Consistency
94th
Risk-adjusted (Sharpe)
69th

Consistency (rolling returns)

MeasureValue
Median 3Y rolling CAGR13.88%
3Y windows positive91.3%
Worst 3Y window-9.59%
3Y windows beating Nifty 50035.5%
Median 5Y rolling CAGR10.46%
Median 10Y rolling CAGR11.89%

Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Nippon India Aggressive Hybrid Fund returned a median of 13.88% a year, and 91.3% of those windows were positive.

What Nippon India Aggressive Hybrid Fund holds

Its latest monthly portfolio disclosure. This is what your money actually owns.

Top holdings

HDFC Bank Limited · Finance
4.7%
ICICI Bank Limited · Financials
4.5%
Larsen & Toubro Limited · Industrials
3.7%
Bharti Airtel Limited · Communication Services
3.6%
Axis Bank Limited · Financials
3.0%
NTPC Limited · Utilities
2.8%
Reliance Industries Limited · Energy
2.7%
Mahindra & Mahindra Limited · Consumer Discretionary
1.9%
Bajaj Finance Limited · Non-Banking Financial Company (NBFC)
1.8%
State Bank of India · Financials
1.8%

Sector allocation

Financials
12.4%
Consumer Discretionary
7.4%
Industrials
7.3%
Finance
6.1%
Health Care
4.0%
Communication Services
3.6%
Energy
3.3%
Information Technology
3.2%

The top 10 holdings make up 30.5% of the portfolio, across 78 stocks. A higher concentration means the fund's fortunes ride on fewer names.

Portfolio overlap with similar funds

Nippon India Aggressive Hybrid Fund shares HSBC Aggressive Hybrid Fund (23%), Edelweiss Aggressive Hybrid Fund (2%), ICICI Prudential Equity & Debt Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.

Who manages Nippon India Aggressive Hybrid Fund - and how good are they?

Nippon India Aggressive Hybrid Fund is managed by Meenakshi Dawar, Kinjal Desai and Sushil Budhia. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.

Meenakshi Dawar's full record

Meenakshi Dawar currently runs 3 funds, across Aggressive Hybrid Fund, Flexi Cap Fund, Value Fund, with about ₹22,083 Cr under management. The book's average King Score is 64.7/100. Their strongest fund by King Score is Nippon India Value Fund (72/100); Nippon India Aggressive Hybrid Fund ranks #2 of 3 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Value Fund2872-2.4%1.4%-3.6%12.9%13.0%14.8%0.419.1%-38.6%
2Nippon India Aggressive Hybrid Fund (this page)5766-0.1%2.8%-0.2%9.8%10.6%9.8%0.313.9%-42.4%
3Nippon India Flexi Cap Fund4056-0.1%5.6%-2.1%9.4%10.4%n/a0.1917.2%-19.8%

Kinjal Desai's full record

Kinjal Desai currently runs 51 funds, across Aggressive Hybrid Fund, Arbitrage Fund, Conservative Hybrid Fund, Corporate Bond Fund and more, with about ₹687,720 Cr under management. The book's average King Score is 71.3/100. Their strongest fund by King Score is Nippon India Corporate Bond Fund (91/100); Nippon India Aggressive Hybrid Fund ranks #36 of 51 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Corporate Bond Fund88911.3%3.0%5.5%7.5%6.8%7.3%0.868.0%-1.7%
2Nippon India Nivesh Lakshya Long Duration Fund87901.1%1.8%2.2%6.1%5.6%n/a-0.116.9%-5.8%
3Nippon India Liquid Fund97861.7%3.5%6.6%7.0%6.4%6.2%1.346.9%-0.2%
4Nippon India Low Duration Fund96861.7%3.4%6.6%7.5%6.7%7.0%1.587.5%-2.0%
5Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
6Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
7Nippon India Short Duration Fund86831.2%2.8%5.8%7.7%6.7%7.3%1.117.9%-2.9%
8Nippon India Conservative Hybrid Fund99821.6%3.5%7.0%8.5%8.2%6.0%0.978.5%-18.9%
9Nippon India Multi Asset Allocation Fund87810.9%4.8%11.7%18.3%15.2%n/a1.1618.4%-9.5%
10Nippon India Ultra Short Duration Fund97801.9%3.7%7.1%7.6%7.0%n/a2.07.0%-5.2%
11Nippon India Gilt Fund84801.2%2.7%3.9%6.3%5.6%7.4%-0.079.3%-6.5%
12Nippon India Low Duration Fund96781.7%3.4%6.6%7.5%6.7%7.0%1.587.2%-10.5%
13Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
14Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
15Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
16Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
17Nippon India Arbitrage Fund86761.6%3.1%6.7%7.3%6.8%6.5%0.836.9%-0.6%
18Nippon India Dynamic Bond Fund69760.8%1.8%5.2%7.2%6.2%6.7%0.367.6%-8.5%
19Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
20Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
21Nippon India Credit Risk Fund75751.8%3.9%8.0%8.9%7.9%6.6%2.658.7%-13.8%
22Nippon India Taiwan Equity Fund9974-6.9%38.3%112.8%58.2%n/an/a1.3336.4%-44.8%
23Nippon India Medium Duration Fund98742.9%3.3%6.6%8.6%6.9%3.8%1.097.0%-29.8%
24Nippon India Gilt Fund84741.2%2.7%3.9%6.3%5.6%7.4%-0.079.2%-11.8%
25Nippon India Value Fund2872-2.4%1.4%-3.6%12.9%13.0%14.8%0.419.1%-38.6%
26Nippon India US Equity Opportunities Fund87716.8%17.5%16.5%19.5%12.2%16.3%0.7616.7%-30.8%
27Nippon India Medium Duration Fund72711.4%2.9%6.2%8.3%6.8%3.7%0.977.0%-29.8%
28Nippon India Innovation Fund68714.6%12.8%0.8%13.9%n/an/a0.49n/a-21.5%
29Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
30Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
31Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
32Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
33Nippon India ELSS Tax Saver Fund3168-1.6%2.2%-0.8%11.1%11.2%10.5%0.315.5%-51.9%
34Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
35Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
36Nippon India Aggressive Hybrid Fund (this page)5766-0.1%2.8%-0.2%9.8%10.6%9.8%0.313.9%-42.4%
37Nippon India Gilt Fund84641.2%2.7%3.9%6.3%5.6%7.4%-0.076.9%-36.5%
38Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.5%-32.8%
39Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.6%-32.8%
40Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
41Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
42Nippon India Flexi Cap Fund4056-0.1%5.6%-2.1%9.4%10.4%n/a0.1917.2%-19.8%
43Nippon India Multi Cap Fund1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
44Nippon India Multi Cap Fund1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
45Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
46Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
47Nippon India Focused Fund3452-1.4%3.9%-1.5%8.3%9.9%12.8%0.1416.7%-43.4%
48Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
49Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
50Nippon India Active Momentum Fund69n/a2.3%10.6%8.8%n/an/an/a0.64n/a-11.8%
51Nippon India MNC Fund27n/a-2.4%4.4%-1.3%n/an/an/an/an/a-13.1%

Sushil Budhia's full record

Sushil Budhia currently runs 10 funds, across Aggressive Hybrid Fund, Conservative Hybrid Fund, Credit Risk Fund, Dynamic Asset Allocation or Balanced Advantage and more, with about ₹38,908 Cr under management. The book's average King Score is 76.4/100. Their strongest fund by King Score is Nippon India Short Duration Fund (83/100); Nippon India Aggressive Hybrid Fund ranks #9 of 10 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Short Duration Fund86831.2%2.8%5.8%7.7%6.7%7.3%1.117.9%-2.9%
2Nippon India Conservative Hybrid Fund99821.6%3.5%7.0%8.5%8.2%6.0%0.978.5%-18.9%
3Nippon India Multi Asset Allocation Fund87810.9%4.8%11.7%18.3%15.2%n/a1.1618.4%-9.5%
4Nippon India Balanced Advantage Fund81801.0%4.0%2.4%10.2%9.5%11.0%0.4312.9%-22.8%
5Nippon India Multi - Asset Omni FoF63760.2%4.4%8.2%15.7%15.2%n/a0.8920.2%-9.0%
6Nippon India Credit Risk Fund75751.8%3.9%8.0%8.9%7.9%6.6%2.658.7%-13.8%
7Nippon India Medium Duration Fund98742.9%3.3%6.6%8.6%6.9%3.8%1.097.0%-29.8%
8Nippon India Medium Duration Fund72711.4%2.9%6.2%8.3%6.8%3.7%0.977.0%-29.8%
9Nippon India Aggressive Hybrid Fund (this page)5766-0.1%2.8%-0.2%9.8%10.6%9.8%0.313.9%-42.4%
10Nippon India Income Plus Arbitrage Active Fund of Fund55n/a1.4%3.0%5.9%n/an/an/an/an/a-0.2%

A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.

Cost & fund basics

DetailValue
Expense ratio (Direct)0.93%
Exit load≈1% if redeemed within 1 year (typical)
Minimum investment₹500
Fund size (AUM)₹3,937 Cr
Age13.7 years
Plan / OptionDirect · Growth
BenchmarkNIFTY500

How Nippon India Aggressive Hybrid Fund compares to peers

FundRSKing3Y CAGR
HSBC Aggressive Hybrid Fund909512.6%
Edelweiss Aggressive Hybrid Fund699012.4%
ICICI Prudential Equity & Debt Fund568912.4%
Bandhan Aggressive Hybrid Fund888813.5%
SBI Equity Hybrid Fund688710.9%
Kotak Aggressive Hybrid Fund748312.1%
Compare side by side. Chart Nippon India Aggressive Hybrid Fund against these peers on one screen - rebased returns, drawdowns, rolling windows and stock-level overlap.
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Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.

What these numbers mean

RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.

Nippon India Aggressive Hybrid Fund review: the bottom line

Whether it fits you depends on your goals, horizon and risk appetite - this page describes the fund, it does not recommend it.

Related

Frequently asked questions

Is Nippon India Aggressive Hybrid Fund a good mutual fund?

That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Nippon India Aggressive Hybrid Fund scores 66/100 on our King Score and RS 57/99 within its category, has compounded 9.78% a year over three years, and its worst drawdown was -42.35%. Compare those against your needs and the peer table above.

What is the NAV of Nippon India Aggressive Hybrid Fund today?

The latest NAV is ₹118.93 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.

What is the last 10 years return of Nippon India Aggressive Hybrid Fund?

Over the last 10 years Nippon India Aggressive Hybrid Fund has returned about 9.84% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹2.6 lakh today, before tax. See the year-by-year table above for how uneven the ride was.

What is the expense ratio of Nippon India Aggressive Hybrid Fund?

The Direct-plan expense ratio is 0.93% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.

Who is the fund manager of Nippon India Aggressive Hybrid Fund?

Nippon India Aggressive Hybrid Fund is managed by Meenakshi Dawar; Kinjal Desai; Sushil Budhia; Amber Singhania.

Is Nippon India Aggressive Hybrid Fund safe? How risky is it?

No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -42.35% - ₹1 lakh briefly becoming about ₹57,650. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.

Is Nippon India Aggressive Hybrid Fund good for SIP?

We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹21.1 lakh (XIRR 10.71%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.

What are the SIP returns of Nippon India Aggressive Hybrid Fund?

A ₹10,000/month SIP over 10 years would have grown to about ₹2,109,883 (an XIRR of 10.71%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.

How does Nippon India Aggressive Hybrid Fund rank among similar funds?

On 3-year returns it sits around the 67th percentile of its category, and its consistency ranks 94th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.

Is Nippon India Aggressive Hybrid Fund tax-efficient / what about capital gains?

As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.

Direct or Regular plan - which is shown here?

All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.

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Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.

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