+91-22-48913909
Table of Contents
Best Conservative Hybrid Funds 2025
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.
Are Conservative Hybrid Fund for you?
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.
Talk to our investment specialist
Top 5 Best Conservative Hybrid Funds FY 25 - 26
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) HDFC Hybrid Debt Fund Growth ₹82.1588
↓ -0.08 ₹3,401 0.5 4 4.6 10.9 11.5 10.5 Kotak Debt Hybrid Fund Growth ₹58.4114
↓ -0.04 ₹3,134 0.8 3.4 5 10.8 11.2 11.4 SBI Debt Hybrid Fund Growth ₹72.8047
↓ -0.04 ₹9,748 2.5 5.2 5.5 10.6 11.4 11 ICICI Prudential MIP 25 Growth ₹76.0267
↓ -0.08 ₹3,220 2.6 5.4 7.4 10.6 10.2 11.4 DSP BlackRock Regular Savings Fund Growth ₹58.8821
↓ -0.05 ₹174 1.5 5.3 7.1 10.3 9.3 11 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Jul 25 Conservative Hybrid funds having AUM/Net Assets above 100 Crore. Sorted on Last 3 Year Return.
(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. HDFC Hybrid Debt Fund is a Hybrid - Hybrid Debt fund was launched on 26 Dec 03. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Hybrid Debt Fund 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. Kotak Debt Hybrid Fund is a Hybrid - Hybrid Debt fund was launched on 2 Dec 03. It is a fund with Moderate risk and has given a 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. SBI Debt Hybrid Fund is a Hybrid - Hybrid Debt fund was launched on 9 Apr 01. It is a fund with Moderate risk and has given a Below is the key information for SBI Debt Hybrid Fund Returns up to 1 year are on 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. ICICI Prudential MIP 25 is a Hybrid - Hybrid Debt fund was launched on 30 Mar 04. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential MIP 25 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. DSP BlackRock Regular Savings Fund is a Hybrid - Hybrid Debt fund was launched on 11 Jun 04. It is a fund with Moderately High risk and has given a Below is the key information for DSP BlackRock Regular Savings Fund Returns up to 1 year are on 1. HDFC Hybrid Debt Fund
CAGR/Annualized return of 10.2% since its launch. Ranked 16 in Hybrid Debt category. Return for 2024 was 10.5% , 2023 was 13.9% and 2022 was 6% . HDFC Hybrid Debt Fund
Growth Launch Date 26 Dec 03 NAV (31 Jul 25) ₹82.1588 ↓ -0.08 (-0.10 %) Net Assets (Cr) ₹3,401 on 30 Jun 25 Category Hybrid - Hybrid Debt AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.79 Sharpe Ratio 0.08 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 31 Jul 20 ₹10,000 31 Jul 21 ₹12,064 31 Jul 22 ₹12,627 31 Jul 23 ₹14,210 31 Jul 24 ₹16,488 Returns for HDFC Hybrid Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 25 Duration Returns 1 Month -0.2% 3 Month 0.5% 6 Month 4% 1 Year 4.6% 3 Year 10.9% 5 Year 11.5% 10 Year 15 Year Since launch 10.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 10.5% 2023 13.9% 2022 6% 2021 13.4% 2020 10.2% 2019 6.6% 2018 0.6% 2017 10.8% 2016 13% 2015 3.8% Fund Manager information for HDFC Hybrid Debt Fund
Name Since Tenure Shobhit Mehrotra 1 Sep 07 17.84 Yr. Srinivasan Ramamurthy 14 Dec 21 3.55 Yr. Dhruv Muchhal 22 Jun 23 2.03 Yr. Data below for HDFC Hybrid Debt Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 3.55% Equity 20.72% Debt 75.46% Other 0.28% Equity Sector Allocation
Sector Value Financial Services 8.26% Energy 2.24% Technology 1.88% Health Care 1.73% Industrials 1.49% Consumer Cyclical 1.35% Utility 1.23% Communication Services 1.03% Consumer Defensive 0.74% Real Estate 0.57% Basic Materials 0.18% Debt Sector Allocation
Sector Value Government 50.57% Corporate 24.89% Cash Equivalent 3.55% Credit Quality
Rating Value AA 12.43% AAA 87.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Govt Stock 2064
Sovereign Bonds | -4% ₹119 Cr 11,500,000 7.09% Govt Stock 2054
Sovereign Bonds | -3% ₹116 Cr 11,500,000 7.23% Govt Stock 2039
Sovereign Bonds | -3% ₹105 Cr 10,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -3% ₹88 Cr 8,500,000 Indian Railway Finance Corporation Limited
Debentures | -2% ₹84 Cr 800 6.33% Govt Stock 2035
Sovereign Bonds | -2% ₹77 Cr 7,739,400 7.18% Govt Stock 2037
Sovereign Bonds | -2% ₹73 Cr 7,000,000 6.79% Govt Stock 2034
Sovereign Bonds | -2% ₹72 Cr 7,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK2% ₹72 Cr 500,000
↓ -90,000 HDFC Bank Ltd (Financial Services)
Equity, Since 15 Dec 21 | HDFCBANK2% ₹70 Cr 350,000 2. Kotak Debt Hybrid Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 9 in Hybrid Debt category. Return for 2024 was 11.4% , 2023 was 13.9% and 2022 was 4.3% . Kotak Debt Hybrid Fund
Growth Launch Date 2 Dec 03 NAV (31 Jul 25) ₹58.4114 ↓ -0.04 (-0.07 %) Net Assets (Cr) ₹3,134 on 30 Jun 25 Category Hybrid - Hybrid Debt AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.76 Sharpe Ratio 0.08 Information Ratio 0.8 Alpha Ratio -2.63 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 31 Jul 20 ₹10,000 31 Jul 21 ₹11,900 31 Jul 22 ₹12,506 31 Jul 23 ₹13,876 31 Jul 24 ₹16,208 Returns for Kotak Debt Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 25 Duration Returns 1 Month -0.3% 3 Month 0.8% 6 Month 3.4% 1 Year 5% 3 Year 10.8% 5 Year 11.2% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.4% 2023 13.9% 2022 4.3% 2021 13.3% 2020 13.9% 2019 11.2% 2018 -0.1% 2017 10.2% 2016 13% 2015 5.4% Fund Manager information for Kotak Debt Hybrid Fund
Name Since Tenure Abhishek Bisen 1 Apr 08 17.26 Yr. Shibani Kurian 3 Sep 24 0.82 Yr. Data below for Kotak Debt Hybrid Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 5.69% Equity 22.66% Debt 71.38% Other 0.27% Equity Sector Allocation
Sector Value Financial Services 6.69% Consumer Cyclical 2.89% Technology 2.77% Health Care 1.8% Energy 1.63% Utility 1.59% Industrials 1.5% Communication Services 1.43% Consumer Defensive 1.42% Basic Materials 0.8% Real Estate 0.12% Debt Sector Allocation
Sector Value Government 54.53% Corporate 16.85% Cash Equivalent 5.69% Credit Quality
Rating Value A 0.2% AA 11.76% AAA 88.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.34% Govt Stock 2064
Sovereign Bonds | -19% ₹595 Cr 57,268,400
↑ 5,000,000 7.3% Govt Stock 2053
Sovereign Bonds | -12% ₹368 Cr 35,441,510
↓ -8,000,000 National Housing Bank
Debentures | -5% ₹149 Cr 15,000 Bharti Telecom Limited
Debentures | -4% ₹128 Cr 12,500 6.9% Govt Stock 2065
Sovereign Bonds | -4% ₹128 Cr 13,000,010
↑ 13,000,010 6.92% Govt Stock 2039
Sovereign Bonds | -4% ₹113 Cr 11,000,000
↓ -3,500,000 Telangana State Industrial Infrastructure Corporation Limited
Debentures | -2% ₹61 Cr 6,000 7.1% Govt Stock 2034
Sovereign Bonds | -2% ₹52 Cr 5,000,000
↑ 5,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹51 Cr 5,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹50 Cr 5,000 3. SBI Debt Hybrid Fund
CAGR/Annualized return of 8.5% since its launch. Ranked 5 in Hybrid Debt category. Return for 2024 was 11% , 2023 was 12.2% and 2022 was 4.5% . SBI Debt Hybrid Fund
Growth Launch Date 9 Apr 01 NAV (31 Jul 25) ₹72.8047 ↓ -0.04 (-0.06 %) Net Assets (Cr) ₹9,748 on 30 Jun 25 Category Hybrid - Hybrid Debt AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.11 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 31 Jul 20 ₹10,000 31 Jul 21 ₹11,969 31 Jul 22 ₹12,710 31 Jul 23 ₹14,173 31 Jul 24 ₹16,281 Returns for SBI Debt Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 25 Duration Returns 1 Month 0.1% 3 Month 2.5% 6 Month 5.2% 1 Year 5.5% 3 Year 10.6% 5 Year 11.4% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 11% 2023 12.2% 2022 4.5% 2021 14.1% 2020 13.5% 2019 8.1% 2018 -0.2% 2017 8.5% 2016 12.5% 2015 8.2% Fund Manager information for SBI Debt Hybrid Fund
Name Since Tenure Saurabh Pant 1 Jan 22 3.5 Yr. Mansi Sajeja 30 Jun 21 4.01 Yr. Pradeep Kesavan 1 Dec 23 1.58 Yr. Data below for SBI Debt Hybrid Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 3.67% Equity 24.54% Debt 71.5% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 7.82% Industrials 4.62% Basic Materials 3.7% Energy 2.35% Consumer Defensive 2.14% Consumer Cyclical 2.08% Health Care 1.83% Debt Sector Allocation
Sector Value Corporate 57.7% Government 12.11% Cash Equivalent 5.37% Credit Quality
Rating Value AA 47.9% AAA 52.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.79% Govt Stock 2034
Sovereign Bonds | -4% ₹386 Cr 37,500,000
↑ 17,500,000 Aditya Birla Renewables Limited
Debentures | -3% ₹307 Cr 30,000 TATA Power Renewable Energy Limited
Debentures | -3% ₹307 Cr 30,000 Infopark Properties Limited
Debentures | -3% ₹304 Cr 30,000 Bajaj Finance Limited
Debentures | -3% ₹254 Cr 25,000 State Bank Of India
Debentures | -3% ₹249 Cr 2,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 23 | RELIANCE2% ₹230 Cr 1,550,000
↓ -100,000 LIC Housing Finance Ltd
Debentures | -2% ₹229 Cr 22,500 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹204 Cr 20,000 TATA Communications Limited
Debentures | -2% ₹203 Cr 20,000 4. ICICI Prudential MIP 25
CAGR/Annualized return of 10% since its launch. Ranked 2 in Hybrid Debt category. Return for 2024 was 11.4% , 2023 was 11.4% and 2022 was 5.1% . ICICI Prudential MIP 25
Growth Launch Date 30 Mar 04 NAV (31 Jul 25) ₹76.0267 ↓ -0.08 (-0.11 %) Net Assets (Cr) ₹3,220 on 30 Jun 25 Category Hybrid - Hybrid Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.74 Sharpe Ratio 0.63 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 31 Jul 20 ₹10,000 31 Jul 21 ₹11,287 31 Jul 22 ₹12,051 31 Jul 23 ₹13,232 31 Jul 24 ₹15,157 Returns for ICICI Prudential MIP 25
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 25 Duration Returns 1 Month 0.5% 3 Month 2.6% 6 Month 5.4% 1 Year 7.4% 3 Year 10.6% 5 Year 10.2% 10 Year 15 Year Since launch 10% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.4% 2023 11.4% 2022 5.1% 2021 9.9% 2020 10.9% 2019 9.6% 2018 5.1% 2017 12.9% 2016 10.9% 2015 6.4% Fund Manager information for ICICI Prudential MIP 25
Name Since Tenure Manish Banthia 19 Sep 13 11.79 Yr. Akhil Kakkar 22 Jan 24 1.44 Yr. Roshan Chutkey 2 May 22 3.17 Yr. Sharmila D’mello 31 Jul 22 2.92 Yr. Data below for ICICI Prudential MIP 25 as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 14.25% Equity 23.9% Debt 61.56% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 6.76% Consumer Cyclical 3.79% Health Care 3.44% Real Estate 1.84% Communication Services 1.73% Basic Materials 1.49% Industrials 1.16% Consumer Defensive 1.14% Technology 1.03% Utility 0.95% Energy 0.56% Debt Sector Allocation
Sector Value Corporate 46.45% Government 24.03% Cash Equivalent 5.33% Credit Quality
Rating Value A 8.39% AA 35.63% AAA 55.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.99% Govt Stock 2034
Sovereign Bonds | -5% ₹170 Cr 16,574,750 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹113 Cr 10,775,880 National Bank For Agriculture And Rural Development
Debentures | -3% ₹102 Cr 10,000 State Bank Of India
Debentures | -3% ₹100 Cr 1,000 6.9% Govt Stock 2065
Sovereign Bonds | -3% ₹98 Cr 10,000,000
↑ 10,000,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹80 Cr 800 360 One Prime Limited
Debentures | -2% ₹76 Cr 7,500 Yes Bank Limited
Debentures | -2% ₹65 Cr 650 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIBANK2% ₹53 Cr 372,298 Godrej Properties Limited
Debentures | -2% ₹51 Cr 5,000 5. DSP BlackRock Regular Savings Fund
CAGR/Annualized return of 8.8% since its launch. Ranked 22 in Hybrid Debt category. Return for 2024 was 11% , 2023 was 12% and 2022 was 3.5% . DSP BlackRock Regular Savings Fund
Growth Launch Date 11 Jun 04 NAV (31 Jul 25) ₹58.8821 ↓ -0.05 (-0.09 %) Net Assets (Cr) ₹174 on 30 Jun 25 Category Hybrid - Hybrid Debt AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 1.14 Sharpe Ratio 0.68 Information Ratio 0.51 Alpha Ratio 0.64 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 31 Jul 20 ₹10,000 31 Jul 21 ₹11,424 31 Jul 22 ₹11,640 31 Jul 23 ₹12,719 31 Jul 24 ₹14,567 Returns for DSP BlackRock Regular Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 25 Duration Returns 1 Month 0.1% 3 Month 1.5% 6 Month 5.3% 1 Year 7.1% 3 Year 10.3% 5 Year 9.3% 10 Year 15 Year Since launch 8.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 11% 2023 12% 2022 3.5% 2021 7.8% 2020 9.3% 2019 6.9% 2018 -5.3% 2017 11% 2016 10.7% 2015 4.8% Fund Manager information for DSP BlackRock Regular Savings Fund
Name Since Tenure Abhishek Singh 31 May 21 4.09 Yr. Shantanu Godambe 1 Aug 24 0.91 Yr. Data below for DSP BlackRock Regular Savings Fund as on 30 Jun 25
Asset Allocation
Asset Class Value Cash 8.55% Equity 14.51% Debt 75.79% Other 1.15% Equity Sector Allocation
Sector Value Financial Services 6.29% Consumer Cyclical 2.2% Health Care 2.09% Utility 0.84% Industrials 0.64% Basic Materials 0.62% Energy 0.61% Consumer Defensive 0.61% Technology 0.45% Communication Services 0.17% Debt Sector Allocation
Sector Value Government 75.79% Cash Equivalent 8.55% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.79% Govt Stock 2034
Sovereign Bonds | -15% ₹26 Cr 2,500,000 7.32% Govt Stock 2030
Sovereign Bonds | -12% ₹21 Cr 2,000,000 7.81% Govt Stock 2033
Sovereign Bonds | -12% ₹21 Cr 2,000,000
↑ 1,500,000 7.1% Govt Stock 2029
Sovereign Bonds | -6% ₹11 Cr 1,000,000 Power Grid Corporation Of India Limited
Debentures | -6% ₹11 Cr 100 7.06% Govt Stock 2028
Sovereign Bonds | -6% ₹10 Cr 1,000,000 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹5 Cr 500,000 7.37% Govt Stock 2028
Sovereign Bonds | -3% ₹5 Cr 500,000 7.02% Govt Stock 2031
Sovereign Bonds | -3% ₹5 Cr 500,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹5 Cr 50
Why to Invest in a Conservative Hybrid Fund (Balanced Funds)?
Low Risk, High Returns
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.
Best of Both Funds
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.
How to Invest in Conservative Hybrid Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
You Might Also Like
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2025 Shepard Technologies Private Limited. All Rights Reserved