ICICI Pru Aggressive Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 5, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
ICICI Pru Aggressive Hybrid Fund Direct Growth Plan has a NAV of ₹447.36 as of 09 Sep 2026 and a scheme AUM of ₹52,454 Cr. Its 1-year, 3-year and 5-year returns are 1.57%, 13.16% and 15.09% respectively, and the scheme sits in the High Risk category. Our view is that this is a large, equity-heavy hybrid fund for investors who can accept uneven short-term movement in exchange for a stronger longer-term growth profile.
The fund’s recent return profile is softer than its longer-run record, and that matters for timing-sensitive investors. The portfolio still looks tilted toward large, liquid companies, so it can suit investors who want a hybrid structure but are comfortable with equity-market swings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹447.36 as of 09 Sep 2026 |
| AUM | ₹52,454 Cr |
| Expense Ratio | 0.94% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | Nil upto 30% of units and 1% for remaining units on or before 1Y, Nil after 1Y |
| Fund Managers | Sankaran Naren, Mittul Kalawadia, Manish Banthia, Akhil Kakkar |
The fund is managed by Sankaran Naren, Mittul Kalawadia, Manish Banthia, and Akhil Kakkar.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.65% | -4.69% |
| 3M | 2.83% | 0.93% |
| 1Y | 1.57% | -7.16% |
| 3Y | 13.16% | 6.00% |
| 5Y | 15.09% | 5.87% |
The fund has held up better than the benchmark over the 1-year, 3-year and 5-year periods, even though the latest 1-month reading is negative. That tells us the recent stretch has been choppier than the longer-term trend, rather than changing the basic character of the fund.
Over 3 years and 5 years, the return profile is clearly stronger than the benchmark, which supports the case for patient investors who can stay through cycles. The 1-year figure is still positive, but it is much lower than the 3-year and 5-year numbers, so the fund has not been moving in a straight line.
The month-by-month pattern over the past year shows a mix of recovery and pullback, with gains not fully sustained across every spell. That is consistent with a High Risk hybrid fund that can participate in market upside, but may also give back some of that progress when markets soften.
For investors comparing it with the benchmark, the key point is that the fund has outpaced the index on every listed horizon, but the margin has been much more convincing over longer periods. That suggests the compounding story is stronger than the recent one-month tone.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD ICICI Pru Aggressive Hybrid?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding ICICI Pru Aggressive Hybrid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| ICICI Pru Aggressive Hybrid Fund Direct Growth Plan | 1.57% | 13.16% | 15.09% |
| Bank of India Aggressive Hybrid Fund Direct Growth Plan | 16.72% | 17.24% | 15.03% |
| HSBC Multi Asset Active FOF Direct Growth Plan | 16.20% | 15.61% | 12.48% |
| Quant Aggressive Hybrid Fund Direct Growth Plan | 11.83% | 13.00% | 13.19% |
| Navi Aggressive Hybrid Fund Direct Growth Plan | 10.06% | 12.00% | 11.52% |
| HSBC Aggressive Hybrid Active FOF Direct Growth Plan | 9.69% | 12.74% | 11.11% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the peer set shown here, while its 3-year and 5-year figures are more balanced. In the longer horizon, it stays ahead of some peers on 5-year return and sits close to others, but the standout short-term numbers belong to the peers rather than this scheme.
That difference matters because the peer set tells two stories at once: stronger recent momentum elsewhere, versus a more stable longer-run profile from this fund. For investors who care more about consistency over a full cycle than about the latest year’s pace, the longer-term comparison is more relevant than the 1-year gap.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Ltd. | Bank | 6.06% |
| ICICI Bank Ltd. | Bank | 5.21% |
| Reliance Industries Ltd. | Crude Oil | 4.55% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.73% |
| TVS Motor Company Ltd. | Automobile & Ancillaries | 3.30% |
| NTPC Ltd. | Power | 3.24% |
| TREPS | Cash & Cash Equivalents and Net Assets | 2.97% |
| Life Insurance Corporation of India | Insurance | 2.95% |
| Avenue Supermarts Ltd. | Retailing | 2.62% |
| Axis Bank Ltd. | Bank | 2.61% |
The top 10 holdings account for approximately 37.24% of the portfolio.
To see all holdings, visit the ICICI Pru Aggressive Hybrid Fund Direct Growth Plan page
The largest holding, HDFC Bank Ltd., is 6.06%, which is meaningful but not extreme for a diversified equity-oriented hybrid scheme. The gap from the first holding to the tenth is fairly contained, which suggests the portfolio is not dominated by one oversized position.
Even so, the combined weight of the top 10 holdings is 37.24%, so these names may still influence day-to-day portfolio behaviour more than the long tail. With 47 disclosed holdings in total, the fund appears to spread risk across many positions rather than concentrating everything in a handful of stocks.
The mix also leans toward large financials, with banks appearing multiple times in the top holdings, while healthcare, energy, power, retail and automobiles add sector variety. That combination may help diversification, but it can still leave the portfolio sensitive to broad equity-market moves because the biggest positions are all company-level equity exposures.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk exposure and can stay invested for at least a medium to long horizon. The 3-year and 5-year numbers are much more helpful than the 1-year figure, because the recent year has been relatively muted while the longer record has been stronger than the benchmark.
The main trade-off is simple: you get a hybrid structure with equity-led growth potential, but you must accept uneven short-term outcomes. The portfolio’s large-cap tilt and spread across 47 holdings may appeal to investors who want diversification, yet the fund can still move sharply when market sentiment changes.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil up to 30% of units and 1% for the remaining units if sold on or before 1 year. No exit load after 1 year.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of ICICI Pru Aggressive Hybrid Fund Direct Growth Plan?
The current NAV is ₹447.36 as of 09 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 1.57% over 1 year, 13.16% over 3 years and 15.09% over 5 years.
How does the fund compare with the benchmark?
It has outperformed the Nifty 50 over 1 year, 3 years and 5 years. The gap is widest over the longer periods, which points to a stronger compounding track than the index.
How does it compare with peer funds on the listed return periods?
Its 1-year return is weaker than several peers shown here, while its 3-year and 5-year numbers are more competitive. The shorter-term picture is softer than the longer-term one.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What are the key risk and portfolio features?
The fund is classified as High Risk and its top holdings are led by HDFC Bank Ltd., ICICI Bank Ltd. and Reliance Industries Ltd. The top 10 holdings account for 37.24% of the portfolio, so the scheme is diversified but still meaningfully influenced by its largest positions.
Bottom line
ICICI Pru Aggressive Hybrid Fund Direct Growth Plan has a softer recent year than its 3-year and 5-year record, and that split is important for investor expectations. It has stayed ahead of the benchmark over all the listed horizons, while peer comparison shows the short-term race has been stronger elsewhere. The High Risk tag, equity-led top holdings and multi-stock spread make it suitable for investors who can tolerate ups and downs and focus on a longer holding period.
Published on 10 September 2026 at 9:30 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.