JM Aggressive Hybrid Fund
Aggressive HybridVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹122.42+0.36%1 day
- Return since launch
- 12.2%
- 52-week range
- ₹105.70 — ₹122.95
- AUM
- ₹654 Cr
JM Aggressive Hybrid Fund is a Aggressive Hybrid hybrid fund from JM Financial Mutual Fund with ₹654 Cr under management, launched in 1994. Over three years it has returned 3.9% a year, against 11.0% for its category. The expense ratio is 2.69% and the SEBI riskometer reading is Very High.
Performance
JM Aggressive Hybrid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.8% against +1.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 8.2% | +6.1 pts | 2.1% | 5.8% |
| 2Y | 3.5% | −1.6 pts | 5.1% | 4.7% |
| 3Y | 3.9% | −7.1 pts | 11.0% | 5.4% |
| 5Y | 11.1% | +2.1 pts | 9.0% | 8.7% |
| 7Y | 14.3% | +2.5 pts | 11.8% | 10.4% |
| 10Y | 13.5% | +2.3 pts | 11.2% | 10.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.3% | 0.0 pts | 5.3% | 5.7% |
| 3M | 0.3% | +0.6 pts | -0.3% | -0.1% |
| 6M | 5.6% | +1.3 pts | 4.3% | 4.2% |
| 1Y | 0.6% | −1.5 pts | 2.1% | 1.6% |
| 2Y | -0.7% | −4.4 pts | 3.6% | 3.3% |
| 3Y | 11.0% | 0.0 pts | 11.0% | 10.1% |
| 5Y | 11.4% | +2.5 pts | 9.0% | 8.0% |
| 7Y | 17.2% | +4.3 pts | 12.9% | 11.1% |
| 10Y | 12.2% | +0.9 pts | 11.2% | 9.9% |
Since launch (12 Dec 1994): 12.2%
Calendar-year returns
Category average30.5%
22.9%
8.1%
33.8%
26.7%
-3.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -3.1% | −9.9 pts | 6.8% |
| 2024 | 26.7% | +8.3 pts | 18.4% |
| 2023 | 33.8% | +10.9 pts | 23.0% |
| 2022 | 8.1% | +4.4 pts | 3.7% |
| 2021 | 22.9% | −4.9 pts | 27.9% |
| 2020 | 30.5% | +14.6 pts | 15.9% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.66%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- Brokerage
- 0.08%
- Transaction charges
- 0.01%
- Statutory levies
- 0.52%
- Exit load
- Exit load of 1%, if redeemed within 60 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Hybrid 35+65 Aggressive Index
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.14 | 1.14 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.35 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.55 | 0.77 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.09 | 13.36 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
JM Aggressive Hybrid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity77.8%
- Debt19.9%
- Other2.3%
Market cap split
- Large55.6%
- Mid21.5%
- Small22.9%
- P/E
- 27.95
- P/B
- 3.45
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| One 97 Communications Ltd. | Services | 3.80% | ₹24.86 Cr | +2.59% | +2.31% | +2.40% |
| Eternal Ltd. | Services | 2.94% | ₹19.20 Cr | +2.29% | +2.11% | +2.60% |
| HDFC Bank Ltd. | Financial | 2.87% | ₹18.76 Cr | +4.61% | +7.85% | +8.36% |
| Bharti Airtel Ltd. | Communication | 2.71% | ₹17.74 Cr | +3.31% | +3.75% | +3.78% |
| GOI | Sovereign | 2.67% | ₹17.46 Cr | +1.50% | +0.58% | +0.63% |
| Bajaj Finance Ltd. | Financial | 2.63% | ₹17.18 Cr | +3.17% | +0.15% | +0.13% |
| Kotak Mahindra Bank Ltd. | Financial | 2.42% | ₹15.85 Cr | +1.93% | +1.46% | — |
| Others | Others | 2.35% | ₹15.34 Cr | +2.58% | +1.97% | +0.33% |
| Reliance Industries Ltd. | Energy | 2.21% | ₹14.42 Cr | +2.49% | +2.49% | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.13% | ₹13.89 Cr | +2.34% | +2.12% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 2.09% | ₹13.67 Cr | +3.35% | +2.99% | +3.00% |
| ICICI Bank Ltd. | Financial | 2.03% | ₹13.28 Cr | +2.00% | +1.85% | +2.63% |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.00% | ₹13.09 Cr | +2.06% | +2.45% | +3.46% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.95% | ₹12.76 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.94% | ₹12.68 Cr | +1.46% | +1.49% | — |
| Muthoot Finance Ltd. | Financial | 1.90% | ₹12.44 Cr | +2.18% | +1.54% | +0.25% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.83% | ₹11.96 Cr | +1.74% | — | — |
| United Spirits Ltd. | Consumer Staples | 1.76% | ₹11.51 Cr | +1.66% | +1.36% | — |
| RBL Bank Ltd. | Financial | 1.75% | ₹11.46 Cr | — | — | — |
| Canara Bank | Financial | 1.72% | ₹11.21 Cr | +2.36% | +4.28% | +2.24% |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.69% | ₹11.06 Cr | +1.82% | +1.40% | — |
| Bosch Home Comfort India Ltd. | Consumer Discretionary | 1.60% | ₹10.48 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 1.57% | ₹10.24 Cr | +1.62% | +2.40% | +0.98% |
| NTPC Ltd. | Energy | 1.55% | ₹10.15 Cr | +2.06% | +2.56% | +0.25% |
| Interglobe Aviation Ltd. | Services | 1.54% | ₹10.09 Cr | +1.78% | +1.39% | +2.00% |
| Tech Mahindra Ltd. | Technology | 1.46% | ₹9.53 Cr | +1.48% | +2.40% | +2.64% |
| Tata Motors Ltd. | Automobile | 1.45% | ₹9.49 Cr | +1.38% | +1.36% | — |
| Aditya Vision Ltd. | Services | 1.44% | ₹9.42 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 1.43% | ₹9.36 Cr | +2.16% | +3.44% | +3.13% |
| The India Cements Ltd. | Materials | 1.43% | ₹9.35 Cr | +1.69% | +1.43% | — |
| PG Electroplast Ltd. | Capital Goods | 1.38% | ₹9.00 Cr | +1.64% | +1.53% | +1.39% |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.35% | ₹8.82 Cr | — | — | — |
| Adani Enterprises Ltd. | Services | 1.33% | ₹8.71 Cr | — | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 1.31% | ₹8.55 Cr | +0.96% | — | — |
| LTM Limited | Technology | 1.30% | ₹8.49 Cr | +0.72% | — | — |
| Adani Power Ltd. | Energy | 1.30% | ₹8.47 Cr | +0.53% | — | — |
| Metropolis Healthcare Ltd. | Healthcare | 1.28% | ₹8.39 Cr | +1.83% | +1.63% | +2.11% |
| Maruti Suzuki India Ltd. | Automobile | 1.23% | ₹8.02 Cr | +1.37% | +1.98% | +2.27% |
| Union Bank of India | Financial | 1.19% | ₹7.76 Cr | — | — | +0.60% |
| Bharat Forge Ltd. | Automobile | 1.18% | ₹7.70 Cr | +1.24% | +0.82% | — |
| Five-Star Business Finance Ltd. | Financial | 1.13% | ₹7.38 Cr | +1.04% | +0.77% | +1.33% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.12% | ₹7.34 Cr | +1.33% | +1.12% | +2.03% |
| GE Vernova T&D India Ltd | Capital Goods | 1.09% | ₹7.14 Cr | — | — | — |
| WeWork India Management Ltd. | Services | 1.09% | ₹7.14 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | 1.08% | ₹7.08 Cr | — | — | — |
| Northern ARC Capital Ltd. | Financial | 1.08% | ₹7.07 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.07% | ₹7.02 Cr | +1.77% | — | — |
| 360 One Wam Ltd. | Financial | 1.06% | ₹6.95 Cr | — | — | — |
| SRF Ltd. | Chemicals | 1.03% | ₹6.71 Cr | +0.86% | — | — |
| Bajaj Housing Finance Ltd. | Financial | 1.02% | ₹6.64 Cr | +1.28% | +1.35% | +1.28% |
| Power Finance Corporation Ltd. | Financial | 0.99% | ₹6.48 Cr | +1.10% | +1.16% | +0.97% |
| Marico Ltd. | Consumer Staples | 0.93% | ₹6.10 Cr | +0.94% | — | — |
| PVR Inox Ltd. | Services | 0.92% | ₹6.02 Cr | — | — | — |
| Hindustan Zinc Ltd. | Metals & Mining | 0.84% | ₹5.48 Cr | +1.03% | — | — |
| Urban Company Ltd. | Consumer Staples | 0.83% | ₹5.44 Cr | — | — | — |
| Asset Reconstruction Company (India) Ltd. | Financial | 0.80% | ₹5.20 Cr | — | — | — |
| 360 ONE Wealth Ltd. | Financial | 0.77% | ₹5.02 Cr | +0.73% | +0.77% | +0.64% |
| Piramal Finance Pvt. Ltd. | Financial | 0.77% | ₹5.01 Cr | +0.72% | +0.76% | — |
| Bajaj Auto Ltd. | Automobile | 0.73% | ₹4.78 Cr | — | — | — |
| Belrise Industries Ltd. | Automobile | 0.67% | ₹4.37 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.61% | ₹3.98 Cr | +0.58% | +0.61% | +0.63% |
| LIC Housing Finance Ltd. | Financial | 0.61% | ₹3.96 Cr | +0.44% | +0.61% | +0.50% |
| Punjab National Bank | Financial | 0.59% | ₹3.89 Cr | +0.55% | +0.57% | +0.12% |
| LEAP India Ltd. | Services | 0.40% | ₹2.60 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.38% | ₹2.50 Cr | +0.36% | +0.38% | +0.32% |
| Indian Bank | Financial | 0.30% | ₹1.95 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 0.23% | ₹1.49 Cr | +0.22% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.15% | ₹0.98 Cr | +0.14% | — | +1.28% |
| REC Ltd. | Financial | 0.08% | ₹0.49 Cr | +0.29% | +0.31% | +1.69% |
| Anirit Ventures Ltd. | Textiles | 0.03% | ₹0.19 Cr | +0.04% | +0.04% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coforge Ltd. | 3.29% | 0.00% | -3.29% |
| Eicher Motors Ltd. | 1.80% | 0.00% | -1.80% |
| ICICI Life Insurance Ltd. | 1.36% | 0.00% | -1.36% |
| GOI | 1.46% | 2.67% | +1.21% |
| Northern ARC Capital Ltd. | 0.00% | 1.08% | +1.08% |
| PVR Inox Ltd. | 0.00% | 0.92% | +0.92% |
| Asset Reconstruction Company (India) Ltd. | 0.00% | 0.80% | +0.80% |
| Others | 0.39% | 1.13% | +0.75% |
| Bajaj Auto Ltd. | 0.00% | 0.73% | +0.73% |
| company:10198 | 0.71% | 0.00% | -0.71% |
| REC Ltd. | 0.71% | 0.08% | -0.64% |
| Diamond Power Infrastructure Ltd. | 0.55% | 0.00% | -0.55% |
| Torrent Pharmaceuticals Ltd. | 1.48% | 1.95% | +0.47% |
| Mahindra & Mahindra Ltd. | 1.55% | 1.94% | +0.39% |
| Adani Power Ltd. | 0.96% | 1.30% | +0.33% |
| Indian Bank | 0.00% | 0.30% | +0.30% |
| APL Apollo Tubes Ltd. | 1.06% | 1.35% | +0.29% |
| Adani Ports and Special Economic Zone Ltd. | 1.40% | 1.69% | +0.29% |
| company:442 | 0.28% | 0.00% | -0.28% |
| Bosch Home Comfort India Ltd. | 1.38% | 1.60% | +0.22% |
| Reliance Industries Ltd. | 2.43% | 2.21% | -0.22% |
| The India Cements Ltd. | 1.64% | 1.43% | -0.21% |
| RBL Bank Ltd. | 1.54% | 1.75% | +0.21% |
| UNO Minda Ltd. | 0.88% | 1.08% | +0.21% |
| One 97 Communications Ltd. | 3.64% | 3.80% | +0.17% |
| LTM Limited | 1.14% | 1.30% | +0.16% |
| Kotak Mahindra Bank Ltd. | 2.28% | 2.42% | +0.15% |
| PG Electroplast Ltd. | 1.52% | 1.38% | -0.14% |
| Eternal Ltd. | 2.81% | 2.94% | +0.12% |
| Mahindra & Mahindra Financial Services Ltd. | 1.71% | 1.83% | +0.12% |
| HDFC Bank Ltd. | 1.57% | 1.68% | +0.11% |
| Adani Enterprises Ltd. | 1.23% | 1.33% | +0.11% |
| Bharti Airtel Ltd. | 2.61% | 2.71% | +0.10% |
| Ujjivan Small Finance Bank Ltd. | 1.91% | 2.00% | +0.09% |
| Union Bank of India | 1.10% | 1.19% | +0.08% |
| NTPC Ltd. | 1.47% | 1.55% | +0.08% |
| Aditya Vision Ltd. | 1.36% | 1.44% | +0.08% |
| Multi Commodity Exchange Of India Ltd. | 2.01% | 2.09% | +0.08% |
| Bajaj Finance Ltd. | 2.70% | 2.63% | -0.08% |
| Muthoot Finance Ltd. | 1.07% | 1.14% | +0.07% |
| Maruti Suzuki India Ltd. | 1.30% | 1.23% | -0.07% |
| 360 One Wam Ltd. | 1.13% | 1.06% | -0.07% |
| Belrise Industries Ltd. | 0.60% | 0.67% | +0.07% |
| Tata Motors Ltd. | 1.51% | 1.45% | -0.06% |
| ICICI Bank Ltd. | 2.09% | 2.03% | -0.06% |
| LEAP India Ltd. | 0.45% | 0.40% | -0.05% |
| Piramal Finance Pvt. Ltd. | 0.72% | 0.77% | +0.05% |
| 360 ONE Wealth Ltd. | 0.72% | 0.77% | +0.05% |
| United Spirits Ltd. | 1.81% | 1.76% | -0.05% |
| Hindustan Aeronautics Ltd. | 1.08% | 1.12% | +0.04% |
| Punjab National Bank | 0.55% | 0.59% | +0.04% |
| Bajaj Housing Finance Ltd. | 0.62% | 0.66% | +0.04% |
| National Bank For Agriculture & Rural Development | 0.57% | 0.61% | +0.04% |
| Apollo Hospitals Enterprise Ltd. | 2.16% | 2.13% | -0.04% |
| Five-Star Business Finance Ltd. | 1.09% | 1.13% | +0.04% |
| WeWork India Management Ltd. | 1.06% | 1.09% | +0.03% |
| SRF Ltd. | 0.99% | 1.03% | +0.03% |
| Interglobe Aviation Ltd. | 1.51% | 1.54% | +0.03% |
| JSW Steel Ltd. | 1.05% | 1.07% | +0.03% |
| Motilal Oswal Financial Services Ltd. | 1.28% | 1.31% | +0.03% |
| Indian Railway Finance Corporation Ltd. | 0.36% | 0.38% | +0.03% |
| Bharat Forge Ltd. | 1.20% | 1.18% | -0.02% |
| Marico Ltd. | 0.91% | 0.93% | +0.02% |
| Power Finance Corporation Ltd. | 0.28% | 0.30% | +0.02% |
| Axis Bank Ltd. | 1.55% | 1.57% | +0.02% |
| Hindustan Zinc Ltd. | 0.82% | 0.84% | +0.01% |
| LIC Housing Finance Ltd. | 0.21% | 0.23% | +0.01% |
| L&T Finance Ltd. | 0.21% | 0.23% | +0.01% |
| GE Vernova T&D India Ltd | 1.08% | 1.09% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 0.14% | 0.15% | +0.01% |
| Canara Bank | 0.96% | 0.97% | +0.01% |
| Urban Company Ltd. | 0.82% | 0.83% | +0.01% |
| Larsen & Toubro Ltd. | 1.44% | 1.43% | -0.01% |
| Metropolis Healthcare Ltd. | 1.29% | 1.28% | -0.01% |
| Tech Mahindra Ltd. | 1.45% | 1.46% | 0.00% |
| Anirit Ventures Ltd. | 0.03% | 0.03% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹13,199 Cr | 2.04% | 9.2% | 8.4% | 12.2% |
 ICICI Prudential Aggressive Hybrid Fund | ₹50,087 Cr | 1.59% | 4.1% | 6.8% | 12.1% |
| ICICI Prudential Aggressive Hybrid Active FoF | ₹8,894 Cr | 1.50% | 6.7% | 7.2% | 12.1% |
 Bandhan Aggressive Hybrid Fund | ₹2,663 Cr | 2.25% | 12.6% | 10.8% | 12.5% |
 Bank of India Aggressive Hybrid Fund | ₹2,242 Cr | 2.24% | 10.8% | 8.9% | 13.6% |
 Quant Aggressive Hybrid Fund | ₹2,108 Cr | 2.60% | 11.9% | 8.4% | 10.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims at steady current income as well as long term growth of capital from a balanced portfolio of debt and equity.
Fund managers
- Asit BhandarkarMr. Bhandarkar is a B.Com (H) and MMS.Prior to joining JM Financial he has worked with Lotus India AMC Pvt. Ltd. and SBI Funds Management Pvt. Ltd.
- Ruchi FozdarMs. Ruchi is a graduate in science and PGDBM in financePrior to joining JM Mutual Fund, she was associated with few brokers and institutions like Reliance Life Insurance Co. Ltd. and Mahindra Manulife Mutual Fund
- Satish RamanathanMr. Ramanathan holds a B.Tech degree and has done MBA and CFA.Prior to joining JM Mutual Fund, he has worked with Sundaram BNP Paribas AMC and has an extensive experience in the asset management business with stints in Research division of Sundaram AMC and managing funds for Franklin Templeton. He has also worked with ICICI Securities for 4 years, with Birla Merlin & Dewoo Finance for 1 year, with ICRA Ltd. for 2 years and for 1 year with Tata Economic Consultancy Services.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.57% absolute | ₹60,000 | ₹63,342 | 5.57% | |
| 1 year0.61% annualised | ₹1,20,000 | ₹1,20,397 | 0.33% | |
| 3 years10.98% annualised | ₹3,60,000 | ₹4,27,982 | 18.88% | |
| 5 years11.42% annualised | ₹6,00,000 | ₹8,11,783 | 35.30% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of JM Aggressive Hybrid Fund?
The NAV of JM Aggressive Hybrid Fund is ₹122.42 as on 9 Nov 2026.
What is the expense ratio of JM Aggressive Hybrid Fund?
The expense ratio of JM Aggressive Hybrid Fund is 2.69% per year.
What is the minimum SIP amount for JM Aggressive Hybrid Fund?
You can start a SIP in JM Aggressive Hybrid Fund with ₹3,000 a month.
What returns has JM Aggressive Hybrid Fund given?
JM Aggressive Hybrid Fund has returned 8.2% over 1 year, 3.9% over 3 years and 11.1% over 5 years (annualised).
Is there a lock-in or exit load on JM Aggressive Hybrid Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 60 days..
How risky is JM Aggressive Hybrid Fund?
JM Aggressive Hybrid Fund is rated Very High on the SEBI riskometer and belongs to the Aggressive Hybrid category.
Which fund house manages JM Aggressive Hybrid Fund?
JM Aggressive Hybrid Fund is managed by JM Financial Mutual Fund, which runs 17 schemes with ₹13,500 Cr under management.