Axis Aggressive Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Axis Aggressive Hybrid Fund Direct Growth Plan has a NAV of ₹22.88 as of 11 Sep 2026 and a scheme AUM of ₹1,471 Cr. Its 1-year, 3-year and 5-year returns are 1.78%, 9.25% and 7.07%, and it sits in the High Risk category. Our view is that this is a fund for investors who can live with uneven shorter-term outcomes in exchange for a hybrid portfolio that still keeps meaningful exposure to large, established businesses.

The fund has been more stable over longer windows than over the past year, but the recent stretch is clearly softer than its 3-year record. That mix makes it more suitable for a patient investor who understands that aggressive hybrid funds can move around with equity markets even when they also hold a meaningful defensive sleeve.

Quick facts

Particular	Details
NAV	₹22.88 as of 11 Sep 2026
AUM	₹1,471 Cr
Expense Ratio	1.08%
Launch Date	09 Aug 2018
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil for 10% of investments and 1% for remaining investments on or before 12M, Nil after 12M
Fund Managers	Jayesh Sundar, Devang Shah, Aditya Pagaria, Krishnaa N

The fund is managed by Jayesh Sundar, Devang Shah, Aditya Pagaria and Krishnaa N.

Source data date: as of 11 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.30%	-4.81%
3M	0.40%	-3.63%
1Y	1.78%	-8.27%
3Y	9.25%	5.59%
5Y	7.07%	5.58%

The recent pattern is mixed. The fund has been negative over 1 month, but the fall is milder than the benchmark’s drop, which tells us the portfolio has not been fully exposed to the same degree of market weakness. The 3-month return has already moved back into positive territory, while the benchmark remains negative over the same horizon. That is a better short-term read than the benchmark, even if it is not a smooth one.

Over 1 year, the fund’s return remains modest at 1.78%, but it still compares favourably with the benchmark’s -8.27%. That gap matters because it shows the fund has cushioned part of the market’s weakness rather than simply matching it. The 3-year and 5-year numbers are more encouraging at 9.25% and 7.07%, both ahead of the benchmark’s 5.59% and 5.58%.

Our view is that the fund has not been a straight-line compounder. The longer window points to steadier value creation than the benchmark, yet the last year shows that returns can still be choppy. That combination is typical of a hybrid fund with equity-heavy behaviour, and it is the main reason investors should read the recent period together with the longer record rather than in isolation.

Source data date: as of 11 Sep 2026

Should you BUY or HOLD Axis 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Axis Aggressive Hybrid Fund Direct Growth Plan	1.78%	9.25%	7.07%
Bank of India Aggressive Hybrid Fund Direct Growth Plan	15.81%	16.83%	14.98%
HSBC Multi Asset Active FOF Direct Growth Plan	14.68%	15.12%	12.30%
Quant Aggressive Hybrid Fund Direct Growth Plan	10.09%	12.36%	12.93%
Navi Aggressive Hybrid Fund Direct Growth Plan	9.65%	11.84%	11.49%
HSBC Aggressive Hybrid Active FOF Direct Growth Plan	8.26%	12.26%	10.96%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is far below the peer set shown here, while its 3-year and 5-year figures are also softer than the stronger peer numbers available. That creates a clear split between the fund’s own longer-term record and the broader comparison set: the fund has stayed ahead of the benchmark over longer periods, but several peers have delivered stronger returns across the same windows.

For us, the key takeaway is that the short-term picture and the multi-year peer picture are not telling the same story. The recent 1-year number is weak relative to the peers listed, yet the fund still has a reasonable multi-year record versus the benchmark. Investors comparing it with other aggressive hybrid options would likely focus on whether they value the fund’s steadier-than-benchmark longer record more than the stronger peer-level numbers shown above.

Source data date: as of 11 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	5.07%
Reliance Industries Limited	Crude Oil	4.86%
HDFC Bank Limited	Bank	4.35%
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	3.29%
Bharti Airtel Limited	Telecom	2.71%
State Bank of India	Bank	2.53%
Infosys Limited	IT	2.30%
Mahindra & Mahindra Limited	Automobile & Ancillaries	2.22%
Kotak Mahindra Bank Limited	Bank	2.12%
Larsen & Toubro Limited	Infrastructure	2.08%

The top 10 holdings account for approximately 31.53% of the portfolio.

To see all holdings, visit the Axis Aggressive Hybrid Fund Direct Growth Plan page

The largest holding, ICICI Bank Limited, is 5.07% of the portfolio, so no single stock dominates the visible list by itself. The weight then steps down gradually through Reliance Industries Limited at 4.86% and HDFC Bank Limited at 4.35%, which suggests the fund is not making one outsized company bet at the top.

The tenth holding still stands at 2.08%, so the spread from the first to the tenth position is moderate rather than sharp. That profile may reduce the chance that one position alone drives the outcome, although the portfolio is still clearly led by large names across banking, energy, telecom, technology and infrastructure.

Because the top 10 holdings account for 31.53% of the portfolio and the fund discloses 60 holdings in total, the visible slice looks reasonably diversified but not fully diffused. Our view is that the rest of the portfolio likely matters, yet the leading positions may still have greater influence on near-term performance than the long tail.

Source data date: as of 11 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk and can stay invested for a multi-year horizon. The 1-year record is weak relative to the 3-year and 5-year numbers, so short-term patience matters.

The main trade-off is that the fund has not delivered a smooth ride, even though it has held up better than the benchmark across the longer windows shown here. The portfolio is led by large, familiar names, which may help the fund avoid extreme single-stock dependence, but it still behaves like an equity-leaning hybrid strategy. Investors who want steadier short-term outcomes may find the recent swings harder to accept.

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	12.50%	Long-term capital gains tax

Exit load: Nil for 10% of investments and 1% for the remaining investments if units are sold within 12 months; no exit load after 12 months.

Source data date: as of 11 Sep 2026

Frequently asked questions

What is the current NAV of Axis Aggressive Hybrid Fund Direct Growth Plan?
The current NAV is ₹22.88 as of 11 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 1.78% over 1 year, 9.25% over 3 years and 7.07% over 5 years.

How does it compare with the benchmark?
It has outperformed the benchmark over 1 year, 3 years and 5 years. The 1-year return is 1.78% versus -8.27% for Nifty 50, while the 3-year and 5-year returns are also ahead of the benchmark.

How does it compare with the peer funds listed here?
Its recent 1-year return is well below the peer funds shown here, and its 3-year and 5-year numbers are also below the stronger peer returns available in this comparison set.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Jayesh Sundar, Devang Shah, Aditya Pagaria and Krishnaa N. The exit load is nil for 10% of investments and 1% for the remaining investments if units are sold within 12 months; no exit load applies after 12 months.

Bottom line

Axis Aggressive Hybrid Fund Direct Growth Plan has a weaker recent stretch than its multi-year record, but it still stays ahead of the benchmark across the longer windows shown here. In peer comparison, the recent and multi-year figures are softer than several of the other funds listed. The portfolio is led by large, liquid names rather than one overwhelming position, which may help balance risk, but the fund remains High Risk. It looks more suited to patient investors who can accept uneven shorter-term returns while tracking a longer holding period.

Published on 16 September 2026 at 8:04 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.