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

Kotak Aggressive Hybrid Fund Direct Growth Plan currently has a NAV of ₹77.735 as of 10 Sep 2026 and a scheme AUM of ₹9,204 Cr. Its 1-year, 3-year and 5-year returns are 5.08%, 12.83% and 12.53%, respectively, and it is tagged as High Risk. Our view is that the fund has shown a steady longer-term compounding profile, but the recent 1-year stretch has been softer than its medium- and long-term record.

The portfolio mixes equity-led exposure with a notable cash buffer, and the largest holdings are in banking, telecom, retailing and healthcare. That blend can suit investors who are comfortable with meaningful volatility and want an aggressive hybrid approach with a longer holding horizon rather than a short-term allocation.

Quick facts

Particular	Details
NAV	₹77.735 as of 10 Sep 2026
AUM	₹9,204 Cr
Expense Ratio	0.48%
Launch Date	03 Nov 2014
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil upto 8% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y
Fund Managers	Atul Bhole, Abhishek Bisen

The fund is managed by Atul Bhole and Abhishek Bisen.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.33%	-4.06%
3M	5.96%	1.37%
1Y	5.08%	-7.31%
3Y	12.83%	6.07%
5Y	12.53%	5.91%

The recent pattern is mixed rather than linear. Over 1 month, the fund was negative, but the decline was milder than the benchmark’s fall. Over 3 months, it recovered more strongly than the benchmark, which tells us the fund has participated well in the latest rebound even after a weaker patch.

The 1-year picture is more important for a current review because it shows the fund at 5.08% against the benchmark’s -7.31%. That gap suggests the strategy has handled a difficult market backdrop better than the benchmark over the past year, even though the absolute return is not high by itself. The fund’s downside during the year also looks less severe than the benchmark’s, which matters for investors comparing drawdowns.

Over 3 years and 5 years, the fund’s returns of 12.83% and 12.53% remain comfortably above the benchmark’s 6.07% and 5.91%. That points to a stronger long-term compounding profile than the benchmark. Our read is that the fund has delivered a better balance of recovery and compounding over time, even if the latest year was less striking than the longer record.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Kotak 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
Kotak Aggressive Hybrid Fund Direct Growth Plan	5.08%	12.83%	12.53%
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 recent 1-year figure, this fund trails the stronger peer numbers in the table, while its 3-year and 5-year returns are still competitive versus several peers with available data. The short-term comparison is less compelling than the longer-term one, which suggests the fund’s recent pace has not matched the faster-moving peers even though its multi-year record remains solid.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Triparty Repo	Cash & Cash Equivalents and Net Assets	4.5%
Eternal Limited	Retailing	4.38%
Bharti Airtel Ltd.	Telecom	3.41%
HDFC Bank Ltd.	Bank	3.41%
ICICI Bank Ltd.	Bank	3.34%
Fortis Healthcare India Ltd	Healthcare	3.29%
Cholamandalam Investment and Finance Company Ltd.	Finance	3.15%
State Bank of India.	Bank	3.01%
Shriram Finance Limited	Finance	2.65%
Bajaj Finance Ltd.	Finance	2.47%

The top holding is Triparty Repo at 4.5%, so no single position dominates the visible sleeve. The weights then compress fairly quickly into a cluster of mid-sized positions around 3% to 4%, which means the largest names may matter, but none appears large enough on its own to define the portfolio.

The drop from the first holding to the tenth is modest rather than steep, moving from 4.5% to 2.47%. The top 10 holdings account for approximately 33.61% of the portfolio, and the fund discloses 67 holdings in total, so the remaining exposure sits across a long tail. Our view is that this structure may soften the influence of any single stock while still leaving the fund meaningfully exposed to a concentrated core of larger positions.

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

Source data date: as of 10 Sep 2026

Who should invest

This fund is best viewed by investors who can accept High Risk volatility and who want an aggressive hybrid allocation with a longer horizon. The 1-year result is softer than the 3-year and 5-year record, but it still held up better than the benchmark over the last year, which makes the recent phase look less weak than the headline number alone suggests.

It may appeal more to investors who want growth participation without relying on a narrow set of stocks, because the portfolio spreads weight across 67 holdings and keeps the largest single exposure limited. The main trade-off is that the fund can move sharply in shorter periods, while the longer-run record has been steadier than the benchmark. That makes patience more important than timing.

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 upto 8% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y.

Source data date: as of 10 Sep 2026

Frequently asked questions

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

The current NAV is ₹77.735 as of 10 Sep 2026.

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

The fund’s returns are 5.08% over 1 year, 12.83% over 3 years and 12.53% over 5 years.

How does the fund compare with the benchmark?

It has outperformed the benchmark across 1-year, 3-year and 5-year periods. The difference is especially visible over 1 year, where the benchmark was negative while the fund stayed positive.

How does it compare with the peer funds listed here?

Its 1-year return is lower than the peer figures shown in the table, while its 3-year and 5-year returns remain competitive with several peers. The longer record is stronger than the recent 1-year number suggests.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

Who manages the fund and what is its exit load?

The fund is managed by Atul Bhole and Abhishek Bisen. The exit load is nil up to 8% of investment and 1% for the remaining investment on or before 1 year, and nil after 1 year.

Bottom line

Kotak Aggressive Hybrid Fund Direct Growth Plan has a softer recent year than its 3-year and 5-year record, but the longer pattern still looks constructive versus the benchmark. It also compares reasonably well with several peers on the longer horizon, even though the recent 1-year return trails the strongest peer figures shown. The risk profile is High Risk, and the portfolio’s largest positions are meaningful but not overwhelming, which may suit investors seeking a diversified aggressive hybrid exposure with patience for volatility.

Published on 11 September 2026 at 3:44 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.