SBI Aggressive Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
SBI Aggressive Hybrid Fund Direct Growth Plan has a NAV of ₹350.9773 as of 09 September 2026, and the scheme manages ₹88,667 Cr. Its 1-year, 3-year and 5-year returns are 5.96%, 12.37% and 10.26%, respectively, while the risk category is High Risk. Our view is that the fund suits investors who can tolerate a higher equity-led swing and want a hybrid option that has still delivered steady compounding over longer periods.
The benchmark comparison is mixed: the fund has stayed ahead over 3 years and 5 years, but the latest 1-year period is softer. The portfolio also carries meaningful weights in banks, power, chemicals and a government security, so the return profile appears tied to both market participation and stock selection rather than a narrow theme.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹350.9773 as of 09 Sep 2026 |
| AUM | ₹88,667 Cr |
| Expense Ratio | 0.72% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | Nil for 10% of investments and 1% for remaining investment on or before 12M, Nil after 12M |
| Fund Managers | R. Srinivasan, Rajeev Radhakrishnan, Mansi Sajeja |
The fund is managed by R. Srinivasan, Rajeev Radhakrishnan and Mansi Sajeja.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.54% | -4.69% |
| 3M | 3.88% | 0.93% |
| 1Y | 5.96% | -7.16% |
| 3Y | 12.37% | 6.00% |
| 5Y | 10.26% | 5.87% |
The short-term pattern has been uneven, but the fund still held up better than the benchmark over 1 month and 1 year. That matters because the benchmark itself was weak over 1 year, so the fund’s positive return in that period reflects relative resilience rather than a smooth upward path.
The 3-month number improved sharply from the 1-month decline, which suggests a recent recovery in the fund’s trend. Even so, the movement is not linear, and the recent choppiness is consistent with a High Risk hybrid fund that carries a meaningful equity component.
Over 3 years and 5 years, the fund’s compounding has stayed ahead of the benchmark by a wide margin. That longer record is important because it shows the fund has converted its risk-taking into better medium- and long-term results, even though the latest 1-year stretch is softer than the 3-year pace.
For investors, the main takeaway is that this is not a low-volatility income-style hybrid fund. The return path has shown recovery after dips, and the longer horizon has been stronger than the benchmark, but the recent move tells us the ride can still be uneven.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD SBI 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 SBI Aggressive Hybrid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| SBI Aggressive Hybrid Fund Direct Growth Plan | 5.96% | 12.37% | 10.26% |
| Bank of India Aggressive Hybrid Fund Direct Growth Plan | 16.72% | 17.24% | 15.03% |
| HSBC Multi Asset Active FOF Direct Growth Plan | 16.2% | 15.61% | 12.48% |
| Quant Aggressive Hybrid Fund Direct Growth Plan | 11.83% | 13% | 13.19% |
| Navi Aggressive Hybrid Fund Direct Growth Plan | 10.06% | 12% | 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.
On 1-year performance, the fund trails the strongest peer returns in this set, while still staying close to the middle of the group. The 3-year and 5-year figures look more competitive: they are below the better peer numbers in the table, but they remain solid and comfortably above the weaker peer entries shown here.
The short-term picture and the longer-term picture do not tell exactly the same story. The latest 1-year return is modest, but the 3-year and 5-year results indicate that the fund has compounded in a steadier way than the latest number alone suggests.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 6.09% |
| ICICI Bank Ltd. | Bank | 4.43% |
| Solar Industries India Ltd. | Chemicals | 4.06% |
| State Bank of India | Bank | 3.95% |
| Kotak Mahindra Bank Ltd. | Bank | 3.31% |
| Adani Energy Solutions Ltd. | Power | 3.04% |
| Adani Power Ltd. | Power | 2.9% |
| Bajaj Finance Ltd. | Finance | 2.74% |
| 6.94% CGL 2036 | Government Securities | 2.65% |
| MRF Ltd. | Automobile & Ancillaries | 2.56% |
The top 10 holdings account for approximately 35.73% of the portfolio.
To see all holdings, visit the SBI Aggressive Hybrid Fund Direct Growth Plan page
The largest disclosed holding is TREPS at 6.09%, which gives the portfolio some cash and near-cash support at the top. After that, the weights step down fairly gradually rather than dropping sharply, with several banking names, two power names and one chemicals holding making up much of the visible list.
That pattern suggests the fund may rely on a handful of core positions, but not on a single oversized bet. The gap from the largest holding to the tenth holding is not extreme, which points to a spread of influence across the leading names rather than a very narrow top-heavy book.
Because the top 10 holdings together account for 35.73% of the portfolio and the scheme discloses 55 holdings in total, the visible book appears reasonably diversified while still leaving room for individual positions to matter. In our view, that balance can help the fund participate in market gains, but it may also leave returns sensitive to stock-specific moves in the larger holdings.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk and who can stay invested for a longer horizon. The 1-year result has been softer than the 3-year and 5-year records, so the short-term path can be uneven even when the longer run is better supported.
It may appeal to investors who want a hybrid allocation but are willing to accept equity-like volatility in exchange for the chance of stronger compounding over time. The main trade-off is clear: the fund has done better over longer periods than the benchmark, but that comes with a return path that can move around in the near term.
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 for 10% of investments and 1% for remaining investment on or before 12M, Nil after 12M.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of SBI Aggressive Hybrid Fund Direct Growth Plan?
The current NAV is ₹350.9773 as of 09 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 5.96%, 12.37% and 10.26%, respectively.
How does it compare with the benchmark?
It has stayed ahead of the Nifty 50 benchmark over 1 year, 3 years and 5 years. The gap is especially clear over 3 years and 5 years.
How does it compare with peer funds on available returns?
Its 1-year return is below the strongest peer figures in the comparison set, while its 3-year and 5-year returns remain competitive and above some of the other funds shown.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by R. Srinivasan, Rajeev Radhakrishnan and Mansi Sajeja. The exit load is nil for 10% of investments and 1% for the remaining investment on or before 12 months, and nil after 12 months.
Bottom line
SBI Aggressive Hybrid Fund Direct Growth Plan has a mixed short-term profile but a stronger 3-year and 5-year record, and it has also stayed ahead of the benchmark across the periods shown. The portfolio is led by a small set of positions, with banks and power names visible among the larger holdings, so stock-specific moves can matter. For investors who can accept High Risk and want a longer holding period, the fund looks more suited to a patient, volatility-aware allocation than to a low-fluctuation role.
Published on 10 September 2026 at 12:06 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.