Mirae Asset Aggressive Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Mirae Asset Aggressive Hybrid Fund Direct Growth Plan has a NAV of ₹39.283 as of 10 Sep 2026 and a scheme AUM of ₹9,595 Cr. Its 1-year, 3-year and 5-year returns are 4.54%, 11.01% and 10.1%, respectively, and the fund is tagged High Risk.
Our view is that this is a mixed but workable aggressive hybrid offering: the longer record is steadier than the latest 1-year stretch, while the portfolio still carries meaningful equity and credit exposure through a bank-heavy top end. That makes it better suited to investors who can stay invested through uneven phases and want a fund with a history of participation in market recoveries rather than a smooth defensive profile.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹39.283 as of 10 Sep 2026 |
| AUM | ₹9,595 Cr |
| Expense Ratio | 0.38% |
| Launch Date | 29 Jul 2015 |
| Min SIP | ₹99 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | 1% on or before 1Y(365D), Nil after 1Y(365D) |
| Fund Managers | Harshad Borawake, Vrijesh Kasera, Basant Bafna |
The fund is managed by Harshad Borawake, Vrijesh Kasera and Basant Bafna.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.59% | -4.06% |
| 3M | 4.31% | 1.37% |
| 1Y | 4.54% | -7.31% |
| 3Y | 11.01% | 6.07% |
| 5Y | 10.1% | 5.91% |
The one-month figure shows the fund ended slightly lower over the recent stretch, but it still held up better than the benchmark over the same period. That matters because the benchmark was weaker, so the fund absorbed the decline with less damage than the index.
The three-month picture is more constructive. The fund has kept a firmer upward path than the benchmark, which suggests the recent rebound has been better captured inside the scheme than in the index comparison set.
Over one year, the fund is positive while the benchmark is negative, so the fund has clearly protected capital better in the latest annual window. Even so, the 1-year return is much softer than the 3-year and 5-year figures, which tells us the recent phase has been less rewarding than the medium-term record.
The longer run is the cleaner story: 3-year and 5-year returns remain ahead of the benchmark, and the pattern of recoveries after dips indicates a fund that has been able to rebuild gradually rather than in a straight line. That profile fits an aggressive hybrid fund, but it also means the journey has not been uniformly smooth.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Mirae Asset 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 Mirae Asset Aggressive Hybrid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Mirae Asset Aggressive Hybrid Fund Direct Growth Plan | 4.54% | 11.01% | 10.1% |
| Bank of India Aggressive Hybrid Fund Direct Growth Plan | 15.71% | 17.16% | 14.99% |
| HSBC Multi Asset Active FOF Direct Growth Plan | 15.45% | 15.43% | 12.38% |
| Quant Aggressive Hybrid Fund Direct Growth Plan | 10.68% | 12.75% | 13.04% |
| Navi Aggressive Hybrid Fund Direct Growth Plan | 9.83% | 11.99% | 11.51% |
| HSBC Aggressive Hybrid Active FOF Direct Growth Plan | 9.12% | 12.58% | 11.02% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the latest one-year window, this fund trails all five peer figures shown here, while the gap to the stronger peer outcomes is substantial. The contrast is sharper than in the longer periods, where the fund still sits behind the better peer numbers on both 3-year and 5-year returns, though the spread is less dramatic than the recent 1-year comparison.
The longer-term comparison tells a more balanced story. The fund’s 3-year return is above two of the peer figures listed, but its 5-year return is lower than every peer return shown, which suggests the recent medium-term phase has been more acceptable than the full five-year compounding record. In our view, the short-term and longer-term comparisons are pointing in different directions, with the latest year looking notably weaker than the peer set and the 3-year period looking less out of step.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Ltd. | Bank | 6% |
| ICICI Bank Ltd. | Bank | 4.98% |
| State Bank of India | Bank | 4.09% |
| Reliance Industries Ltd. | Crude Oil | 3.44% |
| Bharti Airtel Ltd. | Telecom | 3.24% |
| Axis Bank Ltd. | Bank | 2.43% |
| 7.45% Torrent Pharmaceuticals Ltd. (MD 19/01/2028)** | Corporate Debt | 1.98% |
| NTPC Ltd. | Power | 1.92% |
| Laurus Labs Ltd. | Healthcare | 1.89% |
| TREPS | Cash & Cash Equivalents and Net Assets | 1.82% |
The top 10 holdings account for approximately 31.79% of the portfolio.
To see all holdings, visit the Mirae Asset Aggressive Hybrid Fund Direct Growth Plan page
The largest holding, HDFC Bank Ltd., carries a 6% weight, so it is meaningful but not overwhelming on its own. From there the list steps down gradually, with the tenth holding at 1.82%, which suggests the disclosed core positions are spread across several names rather than sitting behind one dominant stock.
That said, the first few positions still matter more than the rest. The three largest holdings alone make up a noticeable slice of the listed basket, and the top 10 together account for 31.79% of the portfolio, so the fund may be influenced by a relatively concentrated core even though the holding list extends to 66 disclosed positions.
Our view is that this is a diversified enough structure for an aggressive hybrid scheme, but not one where the top names disappear into the background. The bank exposure at the top end, along with a mix of telecom, energy, healthcare and a debt holding, may help the portfolio balance different drivers, while the long tail beyond the top 10 could moderate single-stock dependence.
Source data date: as of 10 Sep 2026
Who should invest
This fund is suited to investors who are comfortable with High Risk exposure and can hold through uneven short-term phases. The latest 1-year result is much weaker than the 3-year and 5-year record, so the payoff has depended on staying invested long enough for recoveries to work through.
It may suit a medium-to-long horizon investor who wants an aggressive hybrid allocation rather than a pure equity outcome. The main trade-off is that the fund has tended to recover better over longer stretches than in the most recent year, so patience is important if the investor is using it as a core satellite holding.
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
1% on or before 1Y (365D), Nil after 1Y (365D).
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Mirae Asset Aggressive Hybrid Fund Direct Growth Plan?
The current NAV is ₹39.283 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 4.54% over 1 year, 11.01% over 3 years and 10.1% over 5 years.
How has this fund performed against the benchmark?
It has outperformed the Nifty 50 across the 1-year, 3-year and 5-year periods shown here. The benchmark’s returns are -7.31%, 6.07% and 5.91% over those same windows.
How does it compare with the peer funds listed here?
Its 1-year return is below the peer figures shown, and its 5-year return is also below the listed peer returns. The 3-year return is closer to the middle of the peer set, but still behind the stronger figures.
Is there a minimum SIP amount?
No minimum SIP amount is stated in the available scheme details.
Who manages the fund and what is the exit load?
The fund is managed by Harshad Borawake, Vrijesh Kasera and Basant Bafna. The exit load is 1% on or before 1 year (365D) and nil after 1 year (365D).
Bottom line
Mirae Asset Aggressive Hybrid Fund Direct Growth Plan has a longer-term record that is noticeably better than its recent 1-year showing, and it has also stayed ahead of the benchmark over the periods shown. Against peers, however, the latest 1-year and 5-year comparisons are less compelling, which makes the fund look steadier than the benchmark but weaker than several comparable options. The portfolio’s bank-heavy top end and the 66 disclosed holdings suggest a diversified core with a meaningful active tilt.
Published on 11 September 2026 at 5:42 PM 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.