Are you one of those cautious investors who doesn’t want to take a high-risk, but wants to earn good returns over time? If yes, then, here’s a Mutual Fund for you- Conservative Hybrid Fund.
The Conservative Hybrid Fund is one of the types of hybrid funds/ Balanced Fund that majorly invests in debt instruments. This fund can also be called as debt hybrid funds, because the portion of debt securities here is high. Let’s learn more about this fund, along with some of the best Conservative Hybrid Funds to invest in India.
About 75 to 90 percent of the fund’s total assets will be invested in debt instruments and about 10 to 25 percent in equity-related instruments. The conservative hybrid scheme is named as conservative because it is for people who are risk-averse. Investors who don't want to take much risk in their investment can prefer Investing in this scheme.
This fund is also a good option for those who want an exposure into equities, but at the same time don’t want to suffer from market Volatility. Also, one of the best ways for a new investor to experience the equity market is by adding such funds into their Portfolio. The conservative hybrid fund is a combination of both stable and good returns. So an investor can enjoy the benefits of both debt and equity from a single fund.
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Fund Selection Methodology used to find 5 funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) ICICI Prudential MIP 25 Growth ₹77.3702
↓ -0.23 ₹3,334 -0.7 1.6 8.6 10.2 8.6 7.9 Kotak Debt Hybrid Fund Growth ₹59.316
↓ -0.22 ₹3,044 0 2.8 7.7 10.2 9 5.3 SBI Debt Hybrid Fund Growth ₹74.398
↓ -0.30 ₹9,761 -0.2 2.3 9.1 10.1 9.2 6.7 HDFC Hybrid Debt Fund Growth ₹83.6556
↓ -0.20 ₹3,332 0.3 3 7.6 10 9.2 5.5 DSP Regular Savings Fund Growth ₹59.8172
↓ -0.12 ₹183 -0.1 2.1 7.7 9.9 7.9 7.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Mar 26 Research Highlights & Commentary of 5 Funds showcased
Commentary ICICI Prudential MIP 25 Kotak Debt Hybrid Fund SBI Debt Hybrid Fund HDFC Hybrid Debt Fund DSP Regular Savings Fund Point 1 Upper mid AUM (₹3,334 Cr). Bottom quartile AUM (₹3,044 Cr). Highest AUM (₹9,761 Cr). Lower mid AUM (₹3,332 Cr). Bottom quartile AUM (₹183 Cr). Point 2 Established history (21+ yrs). Established history (22+ yrs). Oldest track record among peers (24 yrs). Established history (22+ yrs). Established history (21+ yrs). Point 3 Top rated. Rating: 4★ (lower mid). Rating: 5★ (upper mid). Rating: 4★ (bottom quartile). Rating: 3★ (bottom quartile). Point 4 Risk profile: Moderately High. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 8.63% (bottom quartile). 5Y return: 8.98% (lower mid). 5Y return: 9.18% (top quartile). 5Y return: 9.18% (upper mid). 5Y return: 7.89% (bottom quartile). Point 6 3Y return: 10.16% (top quartile). 3Y return: 10.15% (upper mid). 3Y return: 10.06% (lower mid). 3Y return: 10.03% (bottom quartile). 3Y return: 9.92% (bottom quartile). Point 7 1Y return: 8.61% (upper mid). 1Y return: 7.67% (bottom quartile). 1Y return: 9.15% (top quartile). 1Y return: 7.56% (bottom quartile). 1Y return: 7.71% (lower mid). Point 8 1M return: -0.04% (bottom quartile). 1M return: 0.85% (lower mid). 1M return: 1.09% (upper mid). 1M return: 1.09% (top quartile). 1M return: 0.23% (bottom quartile). Point 9 Alpha: 0.00 (upper mid). Alpha: -1.88 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Alpha: 0.55 (top quartile). Point 10 Sharpe: 0.50 (top quartile). Sharpe: -0.21 (bottom quartile). Sharpe: 0.16 (lower mid). Sharpe: -0.15 (bottom quartile). Sharpe: 0.29 (upper mid). ICICI Prudential MIP 25
Kotak Debt Hybrid Fund
SBI Debt Hybrid Fund
HDFC Hybrid Debt Fund
DSP Regular Savings Fund
*Above is list of best Conservative Hybrid funds having AUM/Net Assets above 100 Crore. Sorted on Last 3 Year Return.
The Scheme seeks to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there can be no assurance that the investment objectives of the Scheme will be realized. Below is the key information for ICICI Prudential MIP 25 Returns up to 1 year are on (Erstwhile Kotak Monthly Income Plan) To enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments. Research Highlights for Kotak Debt Hybrid Fund Below is the key information for Kotak Debt Hybrid Fund Returns up to 1 year are on (Erstwhile SBI Magnum Monthly Income Plan) To provide regular income, liquidity and attractive returns to the investors
through an actively managed portfolio of debt, equity and money market
instruments. Income may be generated through the receipt of coupon payments,
the amortization of the discount on the debt instruments, receipt of dividends or
purchase and sale of securities in the underlying portfolio. Research Highlights for SBI Debt Hybrid Fund Below is the key information for SBI Debt Hybrid Fund Returns up to 1 year are on (Erstwhile HDFC MF Monthly Income Plan - LTP) The primary objective of Scheme is to generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme`s assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. Research Highlights for HDFC Hybrid Debt Fund Below is the key information for HDFC Hybrid Debt Fund Returns up to 1 year are on (Erstwhile DSP BlackRock MIP Fund) The scheme is seeking to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of the 100 largest corporates by market capitalisation, listed in India. Research Highlights for DSP Regular Savings Fund Below is the key information for DSP Regular Savings Fund Returns up to 1 year are on 1. ICICI Prudential MIP 25
ICICI Prudential MIP 25
Growth Launch Date 30 Mar 04 NAV (02 Mar 26) ₹77.3702 ↓ -0.23 (-0.29 %) Net Assets (Cr) ₹3,334 on 31 Jan 26 Category Hybrid - Hybrid Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.67 Sharpe Ratio 0.5 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,857 28 Feb 23 ₹11,380 29 Feb 24 ₹13,002 28 Feb 25 ₹14,010 28 Feb 26 ₹15,261 Returns for ICICI Prudential MIP 25
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Mar 26 Duration Returns 1 Month 0% 3 Month -0.7% 6 Month 1.6% 1 Year 8.6% 3 Year 10.2% 5 Year 8.6% 10 Year 15 Year Since launch 9.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 11.4% 2022 11.4% 2021 5.1% 2020 9.9% 2019 10.9% 2018 9.6% 2017 5.1% 2016 12.9% 2015 10.9% Fund Manager information for ICICI Prudential MIP 25
Name Since Tenure Manish Banthia 19 Sep 13 12.38 Yr. Akhil Kakkar 22 Jan 24 2.03 Yr. Roshan Chutkey 2 May 22 3.76 Yr. Sharmila D’mello 31 Jul 22 3.51 Yr. Data below for ICICI Prudential MIP 25 as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 12.24% Equity 23.73% Debt 63.74% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 6.57% Consumer Cyclical 3.18% Technology 2.28% Health Care 2.12% Consumer Defensive 1.93% Communication Services 1.89% Real Estate 1.47% Energy 1.23% Industrials 1.2% Utility 1.19% Basic Materials 0.66% Debt Sector Allocation
Sector Value Corporate 45.25% Government 22.08% Cash Equivalent 8.64% Credit Quality
Rating Value A 7.37% AA 42.78% AAA 49.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.68% Gs 2040
Sovereign Bonds | -5% ₹159 Cr 16,464,700 6.90% Gs 2065
Sovereign Bonds | -4% ₹140 Cr 15,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹100 Cr 10,000 Manappuram Finance Limited
Debentures | -3% ₹100 Cr 10,000 Adani Enterprises Limited
Debentures | -3% ₹99 Cr 10,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹80 Cr 800 Goi Frb 2034
Sovereign Bonds | -2% ₹75 Cr 7,409,560 360 One Prime Limited
Debentures | -2% ₹75 Cr 7,500 Yes Bank Limited
Debentures | -2% ₹64 Cr 650 Godrej Properties Limited
Debentures | -2% ₹51 Cr 5,000 2. Kotak Debt Hybrid Fund
Kotak Debt Hybrid Fund
Growth Launch Date 2 Dec 03 NAV (02 Mar 26) ₹59.316 ↓ -0.22 (-0.37 %) Net Assets (Cr) ₹3,044 on 31 Jan 26 Category Hybrid - Hybrid Debt AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.68 Sharpe Ratio -0.21 Information Ratio 0.48 Alpha Ratio -1.88 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹11,066 28 Feb 23 ₹11,575 29 Feb 24 ₹13,622 28 Feb 25 ₹14,392 28 Feb 26 ₹15,552 Returns for Kotak Debt Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Mar 26 Duration Returns 1 Month 0.8% 3 Month 0% 6 Month 2.8% 1 Year 7.7% 3 Year 10.2% 5 Year 9% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 5.3% 2023 11.4% 2022 13.9% 2021 4.3% 2020 13.3% 2019 13.9% 2018 11.2% 2017 -0.1% 2016 10.2% 2015 13% Fund Manager information for Kotak Debt Hybrid Fund
Name Since Tenure Abhishek Bisen 1 Apr 08 17.85 Yr. Shibani Kurian 3 Sep 24 1.41 Yr. Data below for Kotak Debt Hybrid Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 18.3% Equity 23.55% Debt 57.86% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 6.96% Consumer Cyclical 2.78% Technology 2.4% Health Care 1.88% Industrials 1.56% Communication Services 1.51% Consumer Defensive 1.43% Energy 1.41% Basic Materials 1.38% Utility 1.23% Real Estate 1.03% Debt Sector Allocation
Sector Value Government 37.76% Corporate 20.91% Cash Equivalent 17.49% Credit Quality
Rating Value A 0.02% AA 20.28% AAA 79.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Gs 2064
Sovereign Bonds | -15% ₹445 Cr 44,958,000
↓ -4,710,400 7.30% Gs 2053
Sovereign Bonds | -5% ₹139 Cr 13,979,980
↓ -7,000,000 Jtpm Metal TRaders Limited
Debentures | -3% ₹103 Cr 10,000 Punjab National Bank
Domestic Bonds | -3% ₹99 Cr 10,000
↑ 10,000 7.09% Gs 2074
Sovereign Bonds | -3% ₹93 Cr 9,665,060
↓ -3,584,940 SHIVSHAKTI SECURITISATION TRUST
Unlisted bonds | -2% ₹75 Cr 75 SIDDHIVINAYAK SECURITISATION TRUST
Unlisted bonds | -2% ₹75 Cr 75 National Housing Bank
Debentures | -2% ₹58 Cr 6,000 6.90% Gs 2065
Sovereign Bonds | -2% ₹56 Cr 5,980,000
↓ -1,500,000 Telangana State Industrial Infrastructure Corporation Limited
Debentures | -2% ₹49 Cr 4,850 3. SBI Debt Hybrid Fund
SBI Debt Hybrid Fund
Growth Launch Date 9 Apr 01 NAV (02 Mar 26) ₹74.398 ↓ -0.30 (-0.40 %) Net Assets (Cr) ₹9,761 on 31 Jan 26 Category Hybrid - Hybrid Debt AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.23 Sharpe Ratio 0.16 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹11,084 28 Feb 23 ₹11,693 29 Feb 24 ₹13,455 28 Feb 25 ₹14,289 28 Feb 26 ₹15,660 Returns for SBI Debt Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Mar 26 Duration Returns 1 Month 1.1% 3 Month -0.2% 6 Month 2.3% 1 Year 9.1% 3 Year 10.1% 5 Year 9.2% 10 Year 15 Year Since launch 8.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.7% 2023 11% 2022 12.2% 2021 4.5% 2020 14.1% 2019 13.5% 2018 8.1% 2017 -0.2% 2016 8.5% 2015 12.5% Fund Manager information for SBI Debt Hybrid Fund
Name Since Tenure Saurabh Pant 1 Jan 22 4.09 Yr. Mansi Sajeja 30 Jun 21 4.59 Yr. Milind Agrawal 1 Aug 25 0.5 Yr. Data below for SBI Debt Hybrid Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 6.41% Equity 23.09% Debt 70.21% Other 0.3% Equity Sector Allocation
Sector Value Financial Services 6.14% Basic Materials 5.36% Industrials 4% Consumer Cyclical 2.35% Health Care 2.03% Consumer Defensive 1.89% Energy 1.32% Debt Sector Allocation
Sector Value Corporate 58.25% Government 11.96% Cash Equivalent 6.41% Credit Quality
Rating Value A 2.61% AA 49.85% AAA 47.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Gs 2033
Sovereign Bonds | -3% ₹308 Cr 30,000,000 TATA Power Renewable Energy Limited
Debentures | -3% ₹307 Cr 30,000 Aditya Birla Renewables Limited
Debentures | -3% ₹301 Cr 30,000 Infopark Properties Limited
Debentures | -3% ₹300 Cr 30,000 Adani Power Limited
Debentures | -3% ₹299 Cr 30,000
↑ 30,000 Jtpm Metal TRaders Limited
Debentures | -3% ₹258 Cr 25,000 Bajaj Finance Limited
Debentures | -3% ₹252 Cr 25,000 LIC Housing Finance Ltd
Debentures | -2% ₹225 Cr 22,500 7.24% Gs 2055
Sovereign Bonds | -2% ₹222 Cr 22,500,000
↑ 22,500,000 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹205 Cr 20,000 4. HDFC Hybrid Debt Fund
HDFC Hybrid Debt Fund
Growth Launch Date 26 Dec 03 NAV (02 Mar 26) ₹83.6556 ↓ -0.20 (-0.23 %) Net Assets (Cr) ₹3,332 on 15 Feb 26 Category Hybrid - Hybrid Debt AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.76 Sharpe Ratio -0.15 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹11,055 28 Feb 23 ₹11,707 29 Feb 24 ₹13,777 28 Feb 25 ₹14,528 28 Feb 26 ₹15,664 Returns for HDFC Hybrid Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Mar 26 Duration Returns 1 Month 1.1% 3 Month 0.3% 6 Month 3% 1 Year 7.6% 3 Year 10% 5 Year 9.2% 10 Year 15 Year Since launch 10% Historical performance (Yearly) on absolute basis
Year Returns 2024 5.5% 2023 10.5% 2022 13.9% 2021 6% 2020 13.4% 2019 10.2% 2018 6.6% 2017 0.6% 2016 10.8% 2015 13% Fund Manager information for HDFC Hybrid Debt Fund
Name Since Tenure Shobhit Mehrotra 1 Sep 07 18.43 Yr. Srinivasan Ramamurthy 14 Dec 21 4.13 Yr. Dhruv Muchhal 22 Jun 23 2.61 Yr. Data below for HDFC Hybrid Debt Fund as on 15 Feb 26
Asset Allocation
Asset Class Value Cash 3.16% Equity 21.52% Debt 75.03% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 8.94% Energy 2.52% Technology 2.21% Industrials 1.59% Health Care 1.58% Utility 1.39% Consumer Cyclical 1.01% Communication Services 0.98% Real Estate 0.65% Consumer Defensive 0.48% Basic Materials 0.16% Debt Sector Allocation
Sector Value Government 51.5% Corporate 23.54% Cash Equivalent 3.16% Credit Quality
Rating Value AA 3.64% AAA 96.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Gs 2064
Sovereign Bonds | -4% ₹138 Cr 14,000,000 7.09% Gs 2054
Sovereign Bonds | -3% ₹111 Cr 11,500,000 Goi Frb 2034
Sovereign Bonds | -3% ₹102 Cr 10,000,000 7.23% Gs 2039
Sovereign Bonds | -3% ₹101 Cr 10,000,000 Indian Railway Finance Corporation Limited
Debentures | -2% ₹82 Cr 800 7.30% Gs 2053
Sovereign Bonds | -2% ₹74 Cr 7,500,000
↓ -1,000,000 7.18% Gs 2037
Sovereign Bonds | -2% ₹71 Cr 7,000,000 6.79% Gs 2034
Sovereign Bonds | -2% ₹70 Cr 7,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK2% ₹68 Cr 500,000 6.33% Gs 2035
Sovereign Bonds | -2% ₹66 Cr 6,739,400 5. DSP Regular Savings Fund
DSP Regular Savings Fund
Growth Launch Date 11 Jun 04 NAV (02 Mar 26) ₹59.8172 ↓ -0.12 (-0.20 %) Net Assets (Cr) ₹183 on 31 Jan 26 Category Hybrid - Hybrid Debt AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 1.12 Sharpe Ratio 0.29 Information Ratio 0.66 Alpha Ratio 0.55 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,766 28 Feb 23 ₹11,081 29 Feb 24 ₹12,612 28 Feb 25 ₹13,672 28 Feb 26 ₹14,756 Returns for DSP Regular Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Mar 26 Duration Returns 1 Month 0.2% 3 Month -0.1% 6 Month 2.1% 1 Year 7.7% 3 Year 9.9% 5 Year 7.9% 10 Year 15 Year Since launch 8.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.2% 2023 11% 2022 12% 2021 3.5% 2020 7.8% 2019 9.3% 2018 6.9% 2017 -5.3% 2016 11% 2015 10.7% Fund Manager information for DSP Regular Savings Fund
Name Since Tenure Abhishek Singh 31 May 21 4.67 Yr. Shantanu Godambe 1 Aug 24 1.5 Yr. Data below for DSP Regular Savings Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 16.17% Equity 19.11% Debt 63.59% Other 1.13% Equity Sector Allocation
Sector Value Financial Services 9.52% Health Care 2.36% Consumer Cyclical 1.54% Technology 1.25% Utility 1.16% Consumer Defensive 0.93% Energy 0.78% Basic Materials 0.68% Industrials 0.51% Communication Services 0.37% Debt Sector Allocation
Sector Value Government 59.45% Cash Equivalent 11.06% Corporate 9.25% Credit Quality
Rating Value AA 5.89% AAA 94.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity Goi Floating Rate Bond 2033
Sovereign Bonds | -12% ₹21 Cr 2,000,000 7.32% Gs 2030
Sovereign Bonds | -12% ₹21 Cr 2,000,000 7.03% Maharashtra Sgs 2038
Sovereign Bonds | -8% ₹15 Cr 1,500,000
↑ 1,500,000 7.06% Gs 2028
Sovereign Bonds | -6% ₹10 Cr 1,000,000 6.33% Gs 2035
Sovereign Bonds | -5% ₹10 Cr 1,000,000 Muthoot Finance Limited
Debentures | -4% ₹8 Cr 750 7.37% Gs 2028
Sovereign Bonds | -3% ₹5 Cr 500,000 7.10% Gs 2029
Sovereign Bonds | -3% ₹5 Cr 500,000 7.10% Gs 2034
Sovereign Bonds | -3% ₹5 Cr 500,000 Goi Floating Rate Bond 2031
Sovereign Bonds | -3% ₹5 Cr 500,000
On the basis of Asset Allocation, the returns of conservative hybrid funds are risk adjusted. The equity portion of the fund helps in gaining good returns, while the associated risk factor is controlled by the debt investment.
Conservative hybrid funds are less volatile. These funds offer the best of both debt and Equity Funds, ensuring a good return through equity component and stability through the debt component.
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Research Highlights for ICICI Prudential MIP 25