Hypersoft set is an extension of soft set as it further partitions each attribute into its corresponding attribute-valued set. This structure is more flexible and useful as it addresses the limitation of soft set for dealing with the scenarios having disjoint attribute-valued sets corresponding to distinct attributes. The main purpose of this study is to make the existing literature regarding neutrosophic parameterized soft set in line with the need of multi-attribute approximate function. Firstly, we conceptualize the neutrosophic parameterized hypersoft sets under the settings of fuzzy set, intuitionistic fuzzy set and neutrosophic set along with some of their elementary properties and set theoretic operations. Secondly, we propose decision-making-based algorithms with the help of these theories. Moreover, illustrative examples are presented which depict the structural validity for successful application to the problems involving vagueness and uncertainties. Lastly, the generalization of the proposed structure is discussed.