Tata · Aggressive Hybrid

Tata Aggressive Hybrid Fund

Hybrid Schemes - Aggressive Hybrid Fund Direct plan, growth launched 30 Aug 1995 open-ended

At a glance

the fund as it stands today, from public disclosures

NAV, 21 Sep 2026

₹490.57

−0.02% since 18 Sep 2026, the previous NAV

1 year

−0.7%

return

3 years

8.3%

a year

5 years

8.4%

a year

Since launch

10.6%

a year, over 12.0 years

Assets (AUM)

₹3,856 Cr

Jul 2026 factsheet

Expense ratio, Direct / Regular

0.82% / 1.61%

a year, as of Jul 2026

Holdings

102

top ten are 31% of the fund · Aug 2026

Disclosed history

11 yrs

Apr 2015 – Aug 2026 · 5 of 11 checks could run

Fund managers

Amit Somani · since at least Jun 2026

All managers →

As the Jul 2026 factsheet printed it: standard deviation 11.8% · portfolio turnover 0.51×. Exit load and minimum investment are not yet extracted from the scheme documents.

What only Anveshan can tell you

measured from the disclosures, not quoted from a brochure — each links to how it was done

P5Cost, measured

Regular plan costs 1.05% a year more than Direct

₹24,964 on ₹1 lakh over ten years. Same portfolio, two prices — the difference is what the Regular plan's distribution costs you, read from the two NAVs.

See how it is measured →

P7Whose record

Run by Amit Somani for at least 2 mo

the factsheet archive starts Jun 2026, so this is a floor. A return earned before they arrived is the house's record, not theirs — the tenure table shows the fund against its category over exactly their months.

Amit Somani's other funds →

NAVTracking gap

Not replicated: the portfolio cannot be priced line by line in this build.

Each day, the NAV the fund published against the NAV its last disclosed portfolio would have produced at that day's prices. A gap that opens and stays is a change the fund has made and not disclosed yet.

See the daily gap →

P4Consistency

Beat its category in 11% of three-year stretches, and averaged −1.5 points a year across all of them

109 rolling windows since 2014 · ahead by 0.7 points a year when it won, behind by 1.7 when it lost. A single five-year figure depends on the day you look; the share of stretches won does not — and the average margin says whether winning often was worth anything.

See every window →

NAV and drawdown

Direct plan, growth class · as of 21 Sep 2026

Month-end NAV, indexed to 100 at Sep 2014

145 month-ends · ₹146.70 → ₹490.57, 3.3× since Sep 2014

Deepest fall (max drawdown)

−14.1%

26 Sep 2024 → 28 Feb 2025

Worst month

−9.6%

Mar 2026

Days to recover

297

from the deepest trough back to the old high

Drawdown is measured on the last year of daily NAV; trailing returns are CAGR of the direct growth class. A single end date decides them — the consistency card (P4) below is the record that does not, and it reports both how often the fund beat its category and by how much, because the first without the second can point the wrong way.

Holdings

Aug 2026 disclosure · 102 lines · when each was first held and the change over the last three disclosures

#	Holding	Sector	Weight	First held	Held for	3-mo change
1	I) REPO money market	—	5.90%	Jul 2026	2 mo	+5.90%
2	ICICI BANK LTD equity	Banks	4.65%	Aug 2016	10 yrs	-0.13%
3	BHARTI AIRTEL LTD equity	Telecom - Services	3.56%	May 2020	6.3 yrs	-1.41%
4	HDFC BANK LTD equity	Banks	2.96%	Sep 2019	7.0 yrs	+1.54%
5	GOI - 6.94% (11/05/2036) government security	—	2.82%	Jul 2026	2 mo	+2.82%
6	RELIANCE INDUSTRIES LTD equity	Petroleum Products	2.51%	Feb 2016	11 yrs	-0.36%
7	COFORGE LTD equity	IT - Software	2.44%	May 2026	4 mo	+1.09%
8	AXIS BANK LTD equity	Banks	2.24%	Oct 2024	1.9 yrs	+0.14%
9	MAHINDRA & MAHINDRA LTD equity	Automobiles	2.10%	Dec 2017	8.8 yrs	-0.05%
10	BRITANNIA INDUSTRIES LTD equity	Food Products	1.88%	May 2026	4 mo	-0.18%
11	GLAXOSMITHKLINE PHARMACEUTICALS LTD equity	Pharmaceuticals & Biotechnology	1.87%	Jun 2026	3 mo	+1.87%
12	INFOSYS LTD equity	IT - Software	1.81%	Apr 2015	11 yrs	-0.80%
13	HEALTHCARE GLOBAL ENTERPRISES LTD equity	Healthcare Services	1.80%	Mar 2026	6 mo	+0.49%
14	KOTAK MAHINDRA BANK LTD equity	Banks	1.75%	Jan 2026	8 mo	-0.84%
15	VARUN BEVERAGES LTD equity	Beverages	1.67%	Sep 2024	2.0 yrs	-0.76%
16	MARUTI SUZUKI INDIA LTD equity	Automobiles	1.66%	Nov 2016	9.8 yrs	-0.40%
17	BHARAT HEAVY ELECTRICALS LTD equity	Electrical Equipment	1.63%	May 2026	4 mo	+0.89%
18	VEDANTA ALUMINIUM METAL LTD equity	Non - Ferrous Metals	1.60%	Jun 2026	3 mo	+1.60%
19	STATE BANK OF INDIA equity	Banks	1.56%	Feb 2016	11 yrs	-0.01%
20	ADANI ENERGY SOLUTIONS LTD equity	Power	1.52%	May 2024	2.3 yrs	-0.27%
21	LARSEN & TOUBRO LTD equity	Construction	1.49%	Nov 2016	9.8 yrs	-1.28%
22	HINDUSTAN AERONAUTICS LTD equity	Aerospace & Defense	1.48%	May 2026	4 mo	+0.02%
23	SAMVARDHANA MOTHERSON INTERNATIONAL LTD equity	Auto Components	1.47%	Apr 2025	1.4 yrs	+0.08%
24	GRASIM INDUSTRIES LTD^ derivative	—	1.43%	Aug 2026	1 mo	+1.43%
25	BILLIONBRAINS GARAGE VENTURES LTD (GROWW) equity	Capital Markets	1.42%	May 2026	4 mo	-0.09%
26	TATA CORPORATE BOND FUND mutual fund unit	—	1.39%	Sep 2024	2.0 yrs	-0.12%
27	JSW CEMENT LTD equity	Cement & Cement Products	1.37%	Aug 2025	1.1 yrs	-0.04%
28	IDFC FIRST BANK LTD equity	Banks	1.35%	Oct 2024	1.9 yrs	+0.15%
29	ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LTD equity	Capital Markets	1.32%	Dec 2025	9 mo	-0.36%
30	HINDUSTAN UNILEVER LTD equity	Diversified FMCG	1.31%	Nov 2015	11 yrs	-0.27%
31	TATA COMMUNICATIONS LTD equity	Telecom - Services	1.27%	Jan 2024	2.7 yrs	-0.33%
32	SHRIRAM FINANCE LTD equity	Finance	1.23%	Jun 2026	3 mo	+1.23%
33	ETERNAL LTD equity	Retailing	1.21%	Jun 2026	3 mo	+1.21%
34	** - IGH HOLDING PVT LTD - CP - 11/03/2027 money market	—	1.18%	Jul 2026	2 mo	+1.18%
35	** - BIRLA GROUP HOLDINGS PRIVATE LTD - CP - 12/03/2027 money market	—	1.18%	Jul 2026	2 mo	+1.18%
36	ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD equity	Transport Infrastructure	1.17%	Apr 2024	2.4 yrs	-0.30%
37	BANK OF BARODA equity	Banks	1.17%	Feb 2026	7 mo	-0.51%
38	INTERGLOBE AVIATION LTD equity	Transport Services	1.16%	May 2026	4 mo	-0.40%
39	GUJARAT FLUOROCHEMICALS LTD equity	Chemicals & Petrochemicals	1.15%	Jun 2026	3 mo	+1.15%
40	PB FINTECH LTD equity	Financial Technology (Fintech)	1.15%	Jun 2026	3 mo	+1.15%
41	TITAN COMPANY LTD equity	Consumer Durables	1.13%	May 2026	4 mo	+0.33%
42	ABB INDIA LTD equity	Electrical Equipment	1.10%	May 2026	4 mo	-0.06%
43	PREMIER ENERGIES LTD equity	Electrical Equipment	1.08%	May 2026	4 mo	-0.14%
44	** 08.75 % LIC HOUSING FINANCE LTD - 08/12/2028 corporate bond	—	1.07%	Nov 2025	10 mo	-0.10%
45	HINDUSTAN ZINC LTD equity	Non - Ferrous Metals	1.02%	Jun 2026	3 mo	+1.02%
46	ARVIND FASHIONS LTD equity	Retailing	1.01%	Jul 2024	2.2 yrs	-0.13%
47	DR REDDYS LABORATORIES LTD equity	Pharmaceuticals & Biotechnology	0.99%	Jul 2026	2 mo	+0.99%
48	ULTRATECH CEMENT LTD equity	Cement & Cement Products	0.98%	Sep 2015	11 yrs	-1.51%
49	TEGA INDUSTRIES LTD equity	Industrial Manufacturing	0.98%	Nov 2025	10 mo	-0.22%
50	ADANI ENTERPRISES LTD equity	Metals & Minerals Trading	0.97%	Jul 2026	2 mo	+0.97%
51	STATE BANK OF INDIA^ derivative	—	0.97%	Feb 2016	11 yrs	-0.60%
52	BHARAT PETROLEUM CORPORATION LTD equity	Petroleum Products	0.96%	Jun 2026	3 mo	+0.96%
53	GOI - 7.18% (14/08/2033) government security	—	0.94%	Feb 2024	2.6 yrs	-0.09%
54	GOI - 7.38% (20/06/2027) government security	—	0.87%	Aug 2022	4.1 yrs	-0.09%
55	** 08.60 % SANSAR JAN 2025 TRUST - 25/09/2028 corporate bond	—	0.77%	Apr 2025	1.4 yrs	-0.28%
56	** 05.00 % GMR AIRPORTS LTD - 13/02/2027 corporate bond	—	0.65%	Aug 2025	1.1 yrs	-0.34%
57	GOI - 7.32% (13/11/2030) government security	—	0.63%	Dec 2023	2.8 yrs	-0.07%
58	GOI - 7.17% (17/04/2030) $$ government security	—	0.63%	Apr 2023	3.4 yrs	-0.06%
59	** 08.50 % CHOLAMANDALAM INVT & FIN CO LTD - 25/07/2027 corporate bond	—	0.62%	Aug 2024	2.1 yrs	-0.06%
60	** 08.40 % GODREJ PROPERTIES LTD - 25/01/2028 corporate bond	—	0.62%	Jun 2026	3 mo	+0.62%
61	PNC INFRATECH LTD equity	Construction	0.61%	May 2024	2.3 yrs	-0.13%
62	** 08.20 % ADANI POWER LTD - 25/01/2029 corporate bond	—	0.61%	Jan 2026	8 mo	-0.06%
63	** 07.34 % SMALL INDUST DEVLOP BANK OF INDIA - 26/02/2029 corporate bond	—	0.61%	May 2026	4 mo	-0.06%
64	** 08.45 % ADANI AIRPORT HOLDINGS LTD . - 12/02/2029 corporate bond	—	0.61%	Aug 2026	1 mo	+0.61%
65	TRUALT BIOENERGY LTD equity	Agricultural Food & other Products	0.60%	Sep 2025	1.0 yrs	-0.15%
66	GOI - 6.48% (06/10/2035) government security	—	0.60%	Dec 2025	9 mo	-0.05%
67	** 07.26 % JIO CREDIT LTD - 18/11/2030 corporate bond	—	0.60%	Nov 2025	10 mo	-0.05%
68	** 07.51 % SHIVSHAKTI SECURITISATION TRUST - 28/09/2029 corporate bond	—	0.60%	Sep 2025	1.0 yrs	-0.06%
69	GOI - 7.09% (05/08/2054) government security	—	0.58%	Sep 2024	2.0 yrs	-0.06%
70	GOI - 7.09% (25/11/2074) government security	—	0.57%	Oct 2025	11 mo	-0.06%
71	EPACK DURABLE LTD equity	Consumer Durables	0.43%	Aug 2025	1.1 yrs	-0.15%
72	** 09.10 % CHOLAMANDALAM INVT & FIN CO LTD - 27/06/2031 corporate bond	—	0.30%	Aug 2024	2.1 yrs	-0.11%
73	SDL GUJARAT 7.80% (27/12/2027) government security	—	0.25%	Apr 2022	4.4 yrs	-0.03%
74	SGS MAHARASHTRA 7.45% (20/03/2037) government security	—	0.24%	Mar 2024	2.5 yrs	-0.03%
75	SGS MAHARASHTRA 6.76% (23/04/2037) government security	—	0.23%	Apr 2025	1.4 yrs	-1.03%
76	GOI - 7.26% (22/08/2032) government security	—	0.13%	Apr 2023	3.4 yrs	-0.01%
77	SGS TAMILNADU 7.44% (05/06/2034) government security	—	0.12%	Jun 2024	2.3 yrs	-0.01%
78	GOI - 6.36% (16/02/2031) government security	—	0.12%	Aug 2026	1 mo	+0.12%
79	** 08.10 % ICICI HOME FINANCE CO.LTD - 05/03/2027 corporate bond	—	0.12%	Mar 2024	2.5 yrs	-0.02%
80	** 08.15 % HDFC ERGO GENERAL INSURANCE COMPANY LTD - 26/09/2033 corporate bond	—	0.12%	Oct 2023	2.9 yrs	-0.01%
81	** 07.13 % NHPC LTD - 09/02/2029 corporate bond	—	0.12%	Feb 2020	6.6 yrs	-0.01%
82	SGS UTTAR PRADESH 7.62% (20/12/2034) government security	—	0.11%	Dec 2023	2.8 yrs	-0.01%
83	GOI - 7.02% (18/06/2031) government security	—	0.11%	Jul 2024	2.2 yrs	-0.41%
84	** 06.92 % INDIAN RAILWAYS FINANCE CORPORATION LTD - 31/08/2031 corporate bond	—	0.10%	Sep 2021	5.0 yrs	-0.01%
85	SGS MAHARASHTRA 7.63% (31/01/2035) government security	—	0.07%	Jan 2024	2.7 yrs	-0.01%
86	SGS MAHARASHTRA 7.63% (31/01/2036) government security	—	0.07%	Jan 2024	2.7 yrs	-0.01%
87	SGS MAHARASHTRA 7.49% (07/02/2036) government security	—	0.07%	Feb 2024	2.6 yrs	0.00%
88	SDL UTTAR PRADESH 7.85% (27/12/2027) government security	—	0.05%	Jun 2022	4.3 yrs	-0.01%
89	SGS WEST BENGAL 7.53% (27/03/2044) government security	—	0.04%	Mar 2024	2.5 yrs	0.00%
90	SGS GUJARAT 7.64% (10/01/2031) government security	—	0.03%	Jan 2024	2.7 yrs	0.00%
91	GOI - 8.13% (22/06/2045) government security	—	0.02%	Jul 2018	8.2 yrs	-0.01%
92	SGS TAMILNADU 7.42% (03/04/2034) government security	—	0.02%	Apr 2024	2.4 yrs	-0.04%
93	GOI - 7.25% (12/06/2063) government security	—	0.02%	Jan 2024	2.7 yrs	0.00%
94	GOI - 8.30% (02/07/2040) government security	—	0.02%	Dec 2016	9.8 yrs	0.00%
95	SGS MAHARASHTRA 7.21% (21/08/2035) government security	—	0.02%	Aug 2024	2.1 yrs	0.00%
96	GOI - 6.19% (16/09/2034) government security	—	0.01%	Jun 2020	6.3 yrs	0.00%
97	GOI - 7.26% (14/01/2029) government security	—	0.01%	Feb 2019	7.6 yrs	0.00%
98	SDL MAHARASHTRA 7.33% (13/09/2027) government security	—	0.00%	Aug 2018	8.1 yrs	0.00%
99	GOI - 6.57% (05/12/2033) government security	—	0.00%	Sep 2017	9.0 yrs	0.00%
100	GOI - 6.92% (18/11/2039) government security	—	0.00%	Nov 2024	1.8 yrs	-0.13%
101	GOI - 7.06% (27/07/2041) government security	—	0.00%	Aug 2026	1 mo	0.00%
102	NET CURRENT LIABILITIES money market	—	-0.76%	Aug 2026	1 mo	-0.76%

Showing 1–102 of 102 rows per page10 25 50all

Largest sectors, Aug 2026 · grey: a year ago

Banks15.7% · 15.8%

Telecom - Services4.8% · 5.5%

IT - Software4.3% · 4.9%

Electrical Equipment3.8%

Automobiles3.8% · 4.5%

Petroleum Products3.5% · 4.9%

Pharmaceuticals & Biotechnology2.9% · 4.9%

Capital Markets2.7%

share of the book05%10%15%20%

By market cap, Aug 2026

Large cap50.6%

Mid cap14.4%

Small / micro cap6.8%

Cash & equivalents7.5%

Other20.7%

share of the book025%50%75%100%

Composition by market cap, month by month — what the fund actually held against what its label says

Large cap 51%
Mid cap 14%
Small / micro 7%
Cash & other 8%

The seven checks, in full

each: the plain claim, where it sits in the category, and — folded — how it is measured and the case against. A flag fires only where headline and record disagree.

P4 Consistency, not a single end date

Beat its category in 11% of three-year stretches, and averaged −1.5 points a year across all of them

109 rolling windows since 2014 · ahead by 0.7 points a year when it won, behind by 1.7 when it lost

What this means. Take every three-year stretch since the fund had a NAV, one starting each month, and ask two things of each: did it beat the typical fund in its category, and by how much. Counting the wins tells you the record does not depend on when you happen to look; averaging the margin tells you whether winning often was worth anything, because four small wins do not pay for one large loss.

How often, and by how much. The count and the average agree. Ahead by 0.7 points a year in the 12 windows it won and behind by 1.7 in the 97 it lost, so the average across all 109 is −1.5 points. The worst window ended Apr 2026, 3.8 points behind.

11%

lowest in categoryhighest in category

21th percentile · bottom quartile of 29 funds · category median 53%

windows measured109windows won12average across every window−1.47 pts a year · median −1.46when ahead, by how much+0.66 pts a year over 12 windowswhen behind, by how much−1.74 pts a year over 97 windowsworst window−3.79 pts a year, ended Apr 2026best window+1.24 pts a year, ended Feb 2023non-overlapping windows in that span4 — the rolling count overlaps, this does not

Fund minus category, each rolling three-year window

ahead of categorybehind

Each bar is one window's margin in percentage points a year. The height of the bars, not the count of green ones, is what the average across every window measures.

How it is measured, and the case against

A fund that beats its category in most rolling three-year windows has a record; one that beats it in a few has an end date. How often it won and by how much are different questions, and this card answers both, because a fund can win four windows in five and still be behind across all five.

How often has it beaten its category, across every window?

Why this might matterRolling every three-year window forward month by month gives hundreds of overlapping observations instead of one. A single end date decides a headline five-year figure; the share of windows won cannot be flattered by when you happen to look. The average margin across every window is that share and the payoff multiplied together — win share x average beat plus loss share x average shortfall is exactly the average — so a high share bought with a few ruinous windows cannot hide behind the count.

Why it might notRolling windows overlap heavily, so they are not independent observations and the true sample is far smaller than the count suggests — the card says how many non-overlapping windows the same span holds, and it is usually a handful. A fund that changed manager or mandate carries a record that is only partly its own. The average margin is only as meaningful as the category: where a category is a grab bag (“Other ETFs” holds gold beside equity), a large shortfall says the comparison is wrong, not that the fund is. And none of this forecasts: our own study found the share of windows won does not predict the next three years, and weighting it by payoff gives no reason to think otherwise.

P5 Cost, measured

Regular plan costs 1.05% a year more than Direct

₹24,964 on ₹1 lakh over ten years

What this means. The Regular and Direct plans hold the same portfolio; the Regular one pays a distributor out of your money every day. The gap between the two NAVs is that cost, measured from the NAVs rather than quoted from a document.

1.05 pp a year

costliest in categorycheapest in category

75th percentile · top quartile of 29 funds · category median 1.25 pp

on ₹1,00,000 over ten years₹24,964Direct vs Regular, annualised10.6% vs 9.5%measured over12 years

How it is measured, and the case against

The Direct plan is the same portfolio, priced differently; the divergence of the two NAVs is the cost, measured rather than quoted.

What does the Regular plan actually cost against its Direct twin?

Why this might matterSame manager, same holdings, same day. The gap between the two NAV series is the one number on this page that is knowable today rather than hoped for, and it compounds for as long as the units are held.

Why it might notA Regular plan buys advice. If that advice stops someone selling in a drawdown it can be worth more than the fee — the cost is visible and the behavioural saving is not, which makes this comparison unfair in exactly one direction.

P1 Churn, and what it bought

Turns over 66% of the portfolio a year

−0.02 pts of excess return per unit of turnover

What this means. How much of the portfolio was bought and sold in a year, computed from what the fund disclosed each month. Trading costs something certain; the extra return it is meant to buy is not.

66% a year

costliest in categorycheapest in category

45th percentile · below median of 25 funds · category median 62%

excess return per unit of turnover−0.02 pts

How it is measured, and the case against

Turnover measured from consecutive disclosures — Σ|Δweight|/2 — costs something certain; the excess return it is meant to buy is not.

Is the trading paying for itself?

Why this might matterAMCs define their own turnover figure inconsistently. This one is computed from what the fund disclosed month to month, so two funds are comparable on it. Read it beside the excess return per unit of turnover.

Why it might notTurnover computed from month-end snapshots misses everything bought and sold inside a month, and a fund forced to sell by redemptions is charged for churn it did not choose.

P2 Conviction or inertia

Typical top-10 holding kept 80 months

What this means. How long a typical top-10 position has been in the top ten. Long-held positions are a decision; a top ten that changes every quarter is a reaction.

80 months

lowest in categoryhighest in category

89th percentile · top quartile of 26 funds · category median 41 months

active sharenot yet computable — needs index constituent files

How it is measured, and the case against

The median months a top-10 position has been held separates a portfolio somebody chose from one that drifted.

How long does a top-10 position stay a top-10 position?

Why this might matterConcentration is how a manager expresses conviction, and persistence is how long they keep it. Long-held positions with a rising weight are a decision; a top ten that turns over every quarter is a reaction.

Why it might notPersistence without active share is inertia: a portfolio of 166 names that tracks its category closely has diversified away the reason to pay for it. Active share needs index constituent files, which are not loaded yet.

P3 Hit rate of the top ten

5 of 10 top picks beat their peers over the next 6 months, and averaged 1.3 points ahead of them

1234 positions judged, one disclosure at a time · ahead by 13.2 points when it won, behind by 12.9 when it lost

What this means. Take each month's ten largest holdings and check whether each one beat the typical stock its category holds over the next six months, and by how much. A blended return can hide two wins and eight losses; a count of wins can hide one position that lost half its value.

How often, and by how much. The count and the average agree. Ahead by 13.2 points in the 670 positions it won and behind by 12.9 in the 564 it lost, so the average across all 1234 is +1.3 points. The worst position was INE069A01017 at the Sep 2015 disclosure, 57.3 points behind.

54%

lowest in categoryhighest in category

87th percentile · top quartile of 24 funds

positions judged1234beat the median stock670average across every position+1.30 pts · median +1.41when ahead, by how much+13.19 pts over 670 positionswhen behind, by how much−12.86 pts over 564 positionsworst position−57.28 pts, INE069A01017 at the Sep 2015 disclosurebest position+113.75 pts, INE373A01013 at the Mar 2024 disclosure

How it is measured, and the case against

A manager's largest bets, judged one by one over the following six months, say more than the fund's blended return — and how far each one beat or missed the median stock says more than counting how many did.

Of its top-10 positions, how often did they beat the category-median stock?

Why this might matterA fund can beat its category on two positions and lose on eight; the hit rate shows the pattern the aggregate hides. The average margin then shows what the hit rate hides in turn: six winners worth a point each do not pay for four losers worth ten, and only the margin says which happened.

Why it might notSix months is short, sizing matters more than counting, and a manager who is right on the biggest position and wrong on nine small ones has done their job — the margins here are unweighted, so they answer the counting question better, not the sizing one. Overlapping disclosures judge the same position again each month it is held, so one long-held winner is counted many times. And this is a description of six months already past, not a forecast of the next six.

P6 Size against edge

₹3,856 Cr, 56th percentile in category; 132% of growth came from outflows

smaller than 44% of the funds in its category (26 funds) · AUM Sep 2023 → Jul 2026 · Regular plan expense ratio 2.15%

What this means. Where the fund sits by size in its category, and how much of its growth was money arriving rather than the portfolio compounding. A very large fund cannot buy what a small one can; size should buy a lower fee in return.

56th percentile by AUM

largestsmallest

44th percentile · below median of 26 funds

median holding weight, trendrisingexpense ratio, Regular / Direct2.15% / 1.21% · category median 2.18%AUM, Sep 2023 → Jul 2026₹3,419 Cr → ₹3,856 Cr (+4% a year)of that change, from flows rather than returns132% net outflows · NAV +30% over the window

Assets under management, ₹ crore, Jun 2010 – Jul 2026

74 points · months without a factsheet figure use AMFI's quarterly average · Regular-plan expense ratio 1.99% in Feb 2019 → 2.15% in Sep 2026

How it is measured, and the case against

Past a certain size the smaller end of a mandate becomes unreachable, and the fund starts to look like its index; what size should buy in return is a lower expense ratio.

Has the fund outgrown the universe it invests in — and did size buy a lower fee?

Why this might matterSize narrows what the manager can meaningfully hold and should lower what the investor pays. Read the AUM history beside the expense ratio: a fund that has tripled through inflows while its Regular-plan TER sits above the category median has kept the benefit of scale for the house. The flow decomposition says how much of the growth was money arriving rather than the portfolio compounding.

Why it might notScale funds research teams, and plenty of large funds have gone on compounding for decades. Inflows follow performance, so a fund growing fast is usually one that did well; the constraint is real but not automatically binding, and a TER is a ceiling the AMC can cut at any time.

P7 Whose record is this

Run by Amit Somani for at least 2 mo

the factsheet archive starts Jun 2026, so this is a floor

What this means. How long the people running it now have been running it, read from the monthly factsheets. A five-year record earned under someone else is not evidence about these managers.

No category distribution for this measure yet.

running it nowAmit Somani (since at least Jun 2026)share of the fund's life under the current teamnot knowable — the archive starts Jun 2026, so the tenure is a floorchanges of hands in the archivenone

Who ran it, month by month · factsheets through Sep 2026

running it nowearlier

Manager	Role	From	To	Fund vs category, those months	3-yr stretches won in tenure
Amit Somani	fund manager	by Jun 2026†	now	3.7% vs 4.1% (−0.45 pp)	—

* dated by first appearance in the archive we hold, not by a date the factsheet printed. † already named on the first factsheet we hold: the stint is at least this long, and its start is not known. Co-managed months count for every manager named; a factsheet names the manager of record, not who made each call. All managers →

How it is measured, and the case against

A record earned under different people is not evidence about these ones.

Does the displayed record predate the people running it?

Why this might matterA five-year figure on a fund whose longest-serving manager joined two years ago is the house's record more than the person's. The tenure here comes from what each monthly factsheet named, so a change of hands is dated to the month it was disclosed, and the fund's return against its category can be read over exactly those months.

Why it might notFund houses have processes, research desks and mandates that outlast individuals, so a manager change is not a reset. Co-managed funds attribute the same months to every named manager, and a factsheet names the manager of record, not necessarily the person making the calls. And the archive we hold starts in Jun 2026: Amit Somani was already named on its first sheet, so the tenure here is the floor of what is known, not the month anyone arrived — the record may well belong to the people running it now.

Tracking gap

the NAV the fund published, against the NAV its last disclosed portfolio would have produced at each day's prices

No signal. About 28% of this fund is outside listed Indian equity — a foreign or derivative sleeve, or debt — and there are no daily prices to replicate it with. A wrong signal would be worse than none.

Share classes

latest NAV per AMFI code

Plan	Option	NAV	Date
direct Tata Aggressive Hybrid Fund -Direct Plan- Growth Option	growth	₹490.57	21 Sep 2026
direct Tata Aggressive Hybrid Fund- Direct Plan - Monthly Payout of IDCW Option	idcw	₹95.96	21 Sep 2026
direct Tata Aggressive Hybrid Fund- Direct Plan - Periodic Payout of IDCW Option	idcw	₹96.31	21 Sep 2026
regular Tata Aggressive Hybrid Fund- Regular Plan - Growth Option	growth	₹432.15	21 Sep 2026
regular Tata Aggressive Hybrid Fund- Regular Plan - Periodic Payout of IDCW Option	idcw	₹76.95	21 Sep 2026
regular Tata Aggressive Hybrid Fund- Regular Plan - Monthly Payout of IDCW Option	idcw	₹78.98	21 Sep 2026

The Direct / Regular gap, in rupees

Direct growth NAV: ₹490.57
Regular growth NAV: ₹432.15
NAV divergence to date: 13.5% — same portfolio, priced differently
Regular costs more by: 1.05% a year
On ₹1,00,000 over ten years: ₹24,964

A Regular plan buys advice. The fee is visible and the behavioural saving is not; both are shown, neither is netted off.

Compare with

same category, by size

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