DSP Conservative Hybrid Fund
Conservative HybridModerately HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹60.66+0.01%1 day
- Return since launch
- 8.4%
- 52-week range
- ₹58.22 — ₹61.27
- AUM
- ₹178 Cr
DSP Conservative Hybrid Fund is a Conservative Hybrid hybrid fund from DSP Mutual Fund with ₹178 Cr under management, launched in 2004. Over three years it has returned 5.3% a year, against 7.0% for its category. The expense ratio is 1.25% and the SEBI riskometer reading is Moderately High.
Performance
DSP Conservative Hybrid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.1% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.2% | −0.3 pts | 2.6% | 0.9% |
| 2Y | 3.6% | +0.4 pts | 3.1% | 2.7% |
| 3Y | 5.3% | −1.6 pts | 7.0% | 4.4% |
| 5Y | 7.0% | +0.5 pts | 6.6% | 6.2% |
| 7Y | 7.4% | +0.3 pts | 7.1% | 6.8% |
| 10Y | 6.9% | +0.1 pts | 6.8% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.8% | +0.2 pts | -0.9% | -1.0% |
| 3M | -0.2% | −0.1 pts | -0.1% | -0.2% |
| 6M | 3.6% | +0.4 pts | 3.2% | 3.3% |
| 1Y | 3.1% | +0.5 pts | 2.6% | 1.6% |
| 2Y | 3.7% | +0.7 pts | 3.0% | 3.0% |
| 3Y | 8.0% | +1.0 pts | 7.0% | 7.0% |
| 5Y | 6.6% | 0.0 pts | 6.6% | 6.2% |
| 7Y | 7.6% | 0.0 pts | 7.6% | 7.4% |
| 10Y | 6.2% | −0.6 pts | 6.8% | 6.8% |
Since launch (27 Apr 2004): 8.4%
Calendar-year returns
Category average9.3%
7.8%
3.5%
12.0%
10.9%
7.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.2% | +0.2 pts | 7.0% |
| 2024 | 10.9% | −0.2 pts | 11.0% |
| 2023 | 12.0% | −0.1 pts | 12.1% |
| 2022 | 3.5% | −1.6 pts | 5.1% |
| 2021 | 7.8% | −3.4 pts | 11.2% |
| 2020 | 9.3% | −1.2 pts | 10.5% |
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
1.25%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.04%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- Exit load of 1% if redeemed within 12 months
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Hybrid 85+15 Conservative Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderately High
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 0.86 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.62 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.90 | 1.06 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 3.91 | 4.42 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
DSP Conservative Hybrid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity20.9%
- Debt76.2%
- Other2.9%
Market cap split
- Large72.4%
- Mid13.8%
- Small13.8%
- P/E
- 18.07
- P/B
- 2.55
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 14.86% | ₹26.51 Cr | +17.68% | +17.36% | +5.94% |
| Maharashtra State | Others | 8.11% | ₹14.46 Cr | +8.21% | +7.98% | — |
| IDFC First Bank Ltd. | Financial | 5.45% | ₹9.71 Cr | +5.31% | +5.08% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.45% | ₹9.72 Cr | +5.32% | +5.09% | — |
| HDFC Bank Ltd. | Financial | 5.39% | ₹9.62 Cr | +5.58% | +5.26% | +3.38% |
| Muthoot Finance Ltd. | Financial | 4.30% | ₹7.66 Cr | +4.21% | +4.06% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.03% | ₹5.41 Cr | +2.97% | +2.84% | — |
| Others | Others | 2.99% | ₹5.31 Cr | +0.99% | +0.96% | +0.96% |
| ICICI Bank Ltd. | Financial | 1.97% | ₹3.52 Cr | +1.55% | +1.65% | +1.21% |
| Mahindra & Mahindra Ltd. | Automobile | 1.18% | ₹2.11 Cr | +1.10% | +0.47% | +0.69% |
| ITC Ltd. | Consumer Staples | 1.07% | ₹1.91 Cr | +1.20% | +1.27% | +0.59% |
| NTPC Ltd. | Energy | 0.99% | ₹1.77 Cr | +0.23% | +0.47% | +0.69% |
| Indigo Paints Ltd. | Materials | 0.91% | ₹1.62 Cr | +0.78% | +0.52% | +0.26% |
| Alkem Laboratories Ltd. | Healthcare | 0.84% | ₹1.51 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 0.84% | ₹1.50 Cr | +0.71% | +0.28% | +0.33% |
| Kotak Mahindra Bank Ltd. | Financial | 0.81% | ₹1.44 Cr | +1.21% | +0.89% | +1.10% |
| Cipla Ltd. | Healthcare | 0.80% | ₹1.43 Cr | +1.27% | +0.70% | +0.71% |
| Axis Bank Ltd. | Financial | 0.79% | ₹1.41 Cr | +0.78% | +0.73% | +0.81% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.76% | ₹1.36 Cr | — | — | +0.31% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.72% | ₹1.28 Cr | +0.78% | +0.49% | — |
| SBI Life Insurance Company Ltd. | Insurance | 0.72% | ₹1.29 Cr | +0.50% | +0.54% | +0.70% |
| Maruti Suzuki India Ltd. | Automobile | 0.70% | ₹1.25 Cr | +0.53% | +0.29% | — |
| Hero Motocorp Ltd. | Automobile | 0.67% | ₹1.19 Cr | — | — | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.59% | ₹1.05 Cr | +0.52% | +2.01% | — |
| Infosys Ltd. | Technology | 0.51% | ₹0.90 Cr | +0.52% | +0.80% | +0.77% |
| Petronet LNG Ltd. | Energy | 0.51% | ₹0.91 Cr | +0.46% | +0.65% | +0.25% |
| Cohance Lifesciences Ltd. | Healthcare | 0.43% | ₹0.76 Cr | +0.49% | +0.34% | +0.40% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.42% | ₹0.76 Cr | +0.48% | +0.50% | +0.29% |
| Syngene International Ltd. | Healthcare | 0.35% | ₹0.63 Cr | +0.39% | +0.36% | +0.21% |
| company:20045 | Construction | 0.30% | ₹0.53 Cr | — | — | — |
| company:5765 | Insurance | 0.27% | ₹0.48 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 0.26% | ₹0.46 Cr | +0.24% | — | — |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.22% | ₹0.40 Cr | +0.20% | +0.19% | +0.26% |
| La Opala RG Ltd. | Materials | 0.21% | ₹0.37 Cr | +0.22% | +0.24% | +0.29% |
| Cyient Ltd. | Technology | 0.17% | ₹0.31 Cr | +0.25% | +0.24% | +0.31% |
| Bharat Petroleum Corporation Ltd. | Energy | 0.15% | ₹0.27 Cr | +0.14% | — | — |
| Indian Oil Corporation Ltd. | Energy | 0.15% | ₹0.27 Cr | +0.15% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.14% | ₹0.25 Cr | +0.15% | — | — |
| Ipca Laboratories Ltd. | Healthcare | 0.05% | ₹0.08 Cr | +0.28% | +0.53% | +0.50% |
| Power Finance Corporation Ltd. | Financial | 0.03% | ₹0.05 Cr | +0.06% | +0.23% | +0.22% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 8.93% | 5.84% | -3.09% |
| Alkem Laboratories Ltd. | 0.40% | 0.84% | +0.44% |
| Kotak Mahindra Bank Ltd. | 1.23% | 0.81% | -0.42% |
| Oil And Natural Gas Corporation Ltd. | 0.38% | 0.76% | +0.38% |
| Jubilant Ingrevia Ltd. | 0.30% | 0.00% | -0.30% |
| company:20045 | 0.00% | 0.30% | +0.30% |
| company:5765 | 0.00% | 0.27% | +0.27% |
| Indus Towers Ltd. | 0.63% | 0.84% | +0.21% |
| HDFC Bank Ltd. | 2.81% | 2.66% | -0.15% |
| ITC Ltd. | 1.17% | 1.07% | -0.10% |
| Ipca Laboratories Ltd. | 0.13% | 0.05% | -0.08% |
| Maharashtra State | 8.17% | 8.11% | -0.06% |
| NTPC Ltd. | 1.05% | 0.99% | -0.06% |
| SBI Life Insurance Company Ltd. | 0.78% | 0.72% | -0.06% |
| Cyient Ltd. | 0.12% | 0.17% | +0.05% |
| Cohance Lifesciences Ltd. | 0.48% | 0.43% | -0.05% |
| IDFC First Bank Ltd. | 5.40% | 5.45% | +0.05% |
| Axis Bank Ltd. | 0.75% | 0.79% | +0.04% |
| Indigo Paints Ltd. | 0.87% | 0.91% | +0.04% |
| Mahindra & Mahindra Ltd. | 1.22% | 1.18% | -0.04% |
| Maruti Suzuki India Ltd. | 0.74% | 0.70% | -0.04% |
| Small Industries Devp. Bank of India Ltd. | 5.41% | 5.45% | +0.04% |
| Canara HSBC Life Insurance Company Ltd. | 0.55% | 0.59% | +0.04% |
| Cipla Ltd. | 0.84% | 0.80% | -0.04% |
| Petronet LNG Ltd. | 0.48% | 0.51% | +0.03% |
| Power Finance Corporation Ltd. | 0.06% | 0.03% | -0.03% |
| Cholamandalam Investment and Finance Company Ltd. | 3.01% | 3.03% | +0.02% |
| Coromandel International Ltd. | 0.28% | 0.26% | -0.02% |
| ICICI Bank Ltd. | 1.95% | 1.97% | +0.02% |
| ICICI Lombard General Insurance Company Ltd. | 0.44% | 0.42% | -0.02% |
| Muthoot Finance Ltd. | 4.28% | 4.30% | +0.02% |
| Alembic Pharmaceuticals Ltd. | 0.21% | 0.22% | +0.01% |
| Hero Motocorp Ltd. | 0.66% | 0.67% | +0.01% |
| Infosys Ltd. | 0.50% | 0.51% | +0.01% |
| La Opala RG Ltd. | 0.22% | 0.21% | -0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.15% | 0.14% | -0.01% |
| Syngene International Ltd. | 0.34% | 0.35% | +0.01% |
| Bharat Petroleum Corporation Ltd. | 0.15% | 0.15% | 0.00% |
| HDFC Life Insurance Co Ltd. | 0.72% | 0.72% | 0.00% |
| Indian Oil Corporation Ltd. | 0.15% | 0.15% | 0.00% |
| Others | 0.34% | 0.34% | 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 | ₹1,746 Cr | 1.37% | 2.7% | 5.8% | 7.7% |
 Parag Parikh Conservative Hybrid Fund | ₹3,481 Cr | 0.67% | 3.5% | 6.4% | 8.5% |
 ICICI Prudential Conservative Hybrid Fund | ₹3,329 Cr | 1.73% | 1.8% | 5.5% | 7.3% |
 HSBC Conservative Hybrid Fund | ₹156 Cr | 2.18% | 2.2% | 5.0% | 6.8% |
 Aditya Birla Sun Life Conservative Hybrid Active FoF | ₹18.08 Cr | 0.89% | 3.5% | 6.0% | 8.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate attractive return, consistent with prudent risk, from a portfolio comprising substantially of quality debt securities. It also aims to generate capital appreciation by investing up to 10 per cent its corpus in equity of 100 largest corporates by market capitalization, listed in India.
Fund managers
- Abhishek SinghMr. Singh is a B-Tech, IIT Kanpur PGDM, IIM LucknowPrior to joining DSP Mutual Fund he has worked with EdelCap Securities Limited, Systematic Trading Division. Kotak Securities Limited, Proprietary Trading and Structured Products Division. Kotak Mahindra Investments Limited, Structured Products Division.
- Shantanu GodambeMr. Godambehas done B.Com, MS (Finance) and CFAPrior to joining DSP Mutual Fund, he has worked with Yes Bank, Prebon Yamane and ICAP India Private Limited
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 months3.58% absolute | ₹60,000 | ₹62,148 | 3.58% | |
| 1 year3.08% annualised | ₹1,20,000 | ₹1,22,021 | 1.68% | |
| 3 years7.98% annualised | ₹3,60,000 | ₹4,07,928 | 13.31% | |
| 5 years6.62% annualised | ₹6,00,000 | ₹7,12,842 | 18.81% |
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 DSP Conservative Hybrid Fund?
The NAV of DSP Conservative Hybrid Fund is ₹60.66 as on 25 Sep 2026.
What is the expense ratio of DSP Conservative Hybrid Fund?
The expense ratio of DSP Conservative Hybrid Fund is 1.25% per year.
What is the minimum SIP amount for DSP Conservative Hybrid Fund?
You can start a SIP in DSP Conservative Hybrid Fund with ₹3,000 a month.
What returns has DSP Conservative Hybrid Fund given?
DSP Conservative Hybrid Fund has returned 2.2% over 1 year, 5.3% over 3 years and 7.0% over 5 years (annualised).
Is there a lock-in or exit load on DSP Conservative Hybrid Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 12 months.
How risky is DSP Conservative Hybrid Fund?
DSP Conservative Hybrid Fund is rated Moderately High on the SEBI riskometer and belongs to the Conservative Hybrid category.
Which fund house manages DSP Conservative Hybrid Fund?
DSP Conservative Hybrid Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,33,296 Cr under management.