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

Groww Aggressive Hybrid Fund Direct Growth Plan currently has a NAV of ₹22.8489 as of 15 Sep 2026 and an AUM of ₹53 Cr. Its 1-year, 3-year and 5-year returns are -2.02%, 8.2% and 8.24%, respectively, and the scheme is tagged High Risk.

Our view is that the fund has delivered a mixed profile: recent weakness has sat alongside steadier longer-term numbers, while the portfolio still carries meaningful exposure to cash-like positions and large financial names. That makes it more suitable for investors who can tolerate volatility and are looking at a multi-year horizon rather than short-term consistency.

Quick facts

Particular	Details
NAV	₹22.8489 as of 15 Sep 2026
AUM	₹53 Cr
Expense Ratio	1.38%
Launch Date	13 Dec 2018
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	1% on or before 7D, Nil after 7D
Fund Managers	Paras Matalia, Nikhil Satam, Kaustubh Sule, Wilfred Gonsalves

The fund is managed by Paras Matalia, Nikhil Satam, Kaustubh Sule, and Wilfred Gonsalves.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.83%	-4.81%
3M	-0.34%	-3.63%
1Y	-2.02%	-8.27%
3Y	8.2%	5.59%
5Y	8.24%	5.58%

The recent pattern is softer than the longer-term picture. Over 1 month and 3 months, the fund stayed negative, but it still held up better than the benchmark in both periods. That relative resilience matters because the benchmark also weakened, which tells us the backdrop was not easy for risk assets.

The 1-year return is also negative, yet it remains meaningfully better than the benchmark’s deeper decline. This suggests the fund has not been fully protected from market pressure, but it has absorbed the drawdown more efficiently than the index over the same horizon.

The stronger message comes from the 3-year and 5-year numbers. Both are positive and sit above the benchmark, which points to better medium-to-long-term compounding than the index. The time pattern is not a straight line, though. There is a clear stretch of pressure in the middle of the 1-year period and some choppiness over 3 years and 5 years, so our reading is that this is not a smooth-return fund.

For investors, that combination means the fund has rewarded patience better than it has rewarded a short holding period. The recent softness does not erase the longer-term edge versus the benchmark, but it does show that returns can be uneven along the way.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Groww 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 Groww Aggressive Hybrid? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Groww Aggressive Hybrid Fund Direct Growth Plan	-2.02%	8.2%	8.24%
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%	12.3%
Quant Aggressive Hybrid Fund Direct Growth Plan	10.09%	12.36%	12.93%
HSBC Aggressive Hybrid Active FOF Direct Growth Plan	8.26%	12.26%	10.96%
Navi Aggressive Hybrid Fund Direct Growth Plan	7.88%	11.25%	10.98%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The recent 1-year number trails all five peer funds listed here, while the 3-year and 5-year numbers are also below the stronger peer returns shown in the table. That said, the gap between the fund and peers is much more pronounced in the near term than in the longer term, because the fund’s own 3-year and 5-year figures remain positive and show a steadier base than the latest 1-year result.

So the peer picture is mixed: the fund has lagged the peer set on every listed horizon, but the longer-term numbers still suggest it has been able to compound through cycles rather than simply relying on one strong year. For a return-seeking investor, that means the key question is not whether the fund can participate in rallies, but whether its uneven path and recent weakness fit the intended holding period.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS 01-Sep-2026	Cash & Cash Equivalents and Net Assets	15.58%
Net Receivable/Payable	Cash & Cash Equivalents and Net Assets	7.11%
HDFC Bank Limited	Bank	4.27%
ICICI Bank Limited	Bank	4.11%
Reliance Industries Limited	Crude Oil	3.46%
Union Bank of India 15-Mar-2027**#	Certificate of Deposit	2.17%
Bharti Airtel Limited	Telecom	2.14%
HDFC Bank Limited 19-Oct-2026**#	Certificate of Deposit	1.86%
Larsen & Toubro Limited	Infrastructure	1.82%
State Bank of India	Bank	1.8%

The largest disclosed holding is TREPS 01-Sep-2026 at 15.58%, which is large enough to have a noticeable influence on the fund’s short-term cash positioning. The next holding, net receivable/payable, is also sizeable at 7.11%, so the top of the portfolio includes a meaningful liquidity layer before the equity names appear.

The weight then falls fairly quickly from the two cash-linked lines to the equity and debt positions below them. HDFC Bank Limited at 4.27% and ICICI Bank Limited at 4.11% are still meaningful positions, but the tenth holding, State Bank of India at 1.8%, is well below the largest slot. That gap suggests the disclosed portfolio is not evenly spread across the top positions.

The top 10 holdings account for approximately 44.32% of the portfolio, and there are 75 disclosed holdings in total. Our view is that this points to a portfolio with a long tail of smaller positions, even though the largest entries are influential. That structure may reduce the dependence on any single stock alone, but the first few holdings could still matter a lot for short-run behaviour.

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

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and hold through uneven periods. The 1-year result is negative, but the 3-year and 5-year returns are positive and better than the benchmark, so the case for the fund is more about patience than immediate consistency.

It may appeal to investors with a multi-year horizon who want a hybrid allocation but are comfortable with sharper fluctuations than a conservative hybrid strategy would usually bring. The main trade-off is that the fund has shown better longer-term compounding than recent stability, so short-term comfort can be weaker than the medium-term story.

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 7 days, nil after 7 days.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Groww Aggressive Hybrid Fund Direct Growth Plan?

The current NAV is ₹22.8489 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is -2.02%, the 3-year return is 8.2% and the 5-year return is 8.24%.

How does the fund compare with Nifty 50?

The fund has lagged the benchmark over 1 year, 3 years and 5 years on the supplied return figures. It has still done better than the benchmark in the weaker recent periods and has stayed ahead over the longer 3-year and 5-year horizons.

How does it compare with the peer funds listed here?

The fund’s 1-year, 3-year and 5-year returns are below the peer funds shown in the comparison table. The gap is widest over the 1-year period, while the longer-term difference is smaller but still visible.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What are the key risk and portfolio characteristics?

The fund is tagged High Risk and its portfolio starts with a large TREPS position of 15.58%, followed by another sizeable cash-linked line. The top 10 holdings together account for 44.32% of the portfolio, so the disclosed holdings have a meaningful long tail beyond the largest positions.

Bottom line

The fund’s recent performance has been weaker than its longer-term pattern, but the 3-year and 5-year numbers remain positive and above the benchmark. Against the peer set, the listed returns trail the stronger funds across every available horizon. The portfolio also shows a notable cash-linked opening and a long tail across 75 disclosed holdings, which may help diversification but does not remove volatility. Overall, this looks more suitable for investors who can tolerate High Risk and wait through uneven phases for the longer-term case to play out.

Published on 16 September 2026 at 9:31 AM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.