DSP Conservative Hybrid Fund
Conservative HybridModerately HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹61.55+0.13%1 day
- Return since launch
- 8.4%
- 52-week range
- ₹58.22 — ₹61.47
- AUM
- ₹174 Cr
DSP Conservative Hybrid Fund is a Conservative Hybrid hybrid fund from DSP Mutual Fund with ₹174 Cr under management, launched in 2004. Over three years it has returned 5.7% a year, against 7.2% 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 +3.2% against +1.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.4% | +2.0 pts | 2.4% | 2.6% |
| 2Y | 4.5% | +0.7 pts | 3.8% | 3.4% |
| 3Y | 5.7% | −1.6 pts | 7.2% | 4.6% |
| 5Y | 7.3% | +0.7 pts | 6.5% | 6.4% |
| 7Y | 7.5% | +0.4 pts | 7.1% | 6.9% |
| 10Y | 7.1% | +0.2 pts | 6.9% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.4% | +0.3 pts | 2.0% | 2.0% |
| 3M | 0.5% | +0.7 pts | -0.2% | -0.3% |
| 6M | 2.6% | +0.2 pts | 2.4% | 2.3% |
| 1Y | 3.3% | +0.9 pts | 2.4% | 1.4% |
| 2Y | 5.0% | +0.8 pts | 4.2% | 4.2% |
| 3Y | 8.0% | +0.8 pts | 7.2% | 7.3% |
| 5Y | 7.1% | +0.5 pts | 6.5% | 6.3% |
| 7Y | 7.6% | 0.0 pts | 7.6% | 7.3% |
| 10Y | 6.3% | −0.6 pts | 6.9% | 6.9% |
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 6 Nov 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 | 0.85 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.45 | 0.64 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.66 | 0.88 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 4.08 | 3.74 | 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 30 Sep 2026
Asset allocation
- Equity22.6%
- Debt75.3%
- Other2.1%
Market cap split
- Large75.2%
- Mid13.2%
- Small11.7%
- P/E
- 17.48
- P/B
- 2.56
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 20.85% | ₹36.54 Cr | +17.72% | +17.78% | +23.24% |
| Maharashtra State | Others | 8.17% | ₹14.33 Cr | +8.06% | +8.21% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.58% | ₹9.78 Cr | +5.36% | +5.37% | — |
| IDFC First Bank Ltd. | Financial | 5.57% | ₹9.77 Cr | +5.35% | +5.35% | — |
| HDFC Bank Ltd. | Financial | 5.50% | ₹9.64 Cr | +5.96% | +5.58% | +3.36% |
| Muthoot Finance Ltd. | Financial | 4.39% | ₹7.69 Cr | +4.25% | +4.25% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.86% | ₹5.02 Cr | +2.98% | +2.98% | — |
| Others | Others | 2.00% | ₹3.48 Cr | +0.99% | +0.99% | +0.96% |
| ICICI Bank Ltd. | Financial | 1.82% | ₹3.20 Cr | +1.86% | +1.51% | +1.16% |
| ITC Ltd. | Consumer Staples | 1.12% | ₹1.96 Cr | +1.19% | +1.22% | +1.07% |
| Mahindra & Mahindra Ltd. | Automobile | 1.08% | ₹1.90 Cr | +1.10% | +1.08% | +0.74% |
| NTPC Ltd. | Energy | 0.99% | ₹1.74 Cr | +0.71% | +0.48% | +0.71% |
| Indigo Paints Ltd. | Materials | 0.87% | ₹1.53 Cr | +0.79% | +0.57% | +0.29% |
| Alkem Laboratories Ltd. | Healthcare | 0.83% | ₹1.46 Cr | +0.15% | — | — |
| Indus Towers Ltd. | Communication | 0.82% | ₹1.44 Cr | +0.63% | +0.47% | +0.34% |
| Kotak Mahindra Bank Ltd. | Financial | 0.81% | ₹1.43 Cr | +1.23% | +1.04% | +1.12% |
| Cipla Ltd. | Healthcare | 0.78% | ₹1.37 Cr | +1.30% | +0.91% | +0.67% |
| Axis Bank Ltd. | Financial | 0.76% | ₹1.33 Cr | +0.81% | +0.89% | +0.88% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.75% | ₹1.32 Cr | — | — | +0.31% |
| SBI Life Insurance Company Ltd. | Insurance | 0.72% | ₹1.25 Cr | +0.48% | +0.50% | +0.69% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.70% | ₹1.23 Cr | +0.75% | +0.79% | — |
| HDFC Asset Management Company Ltd. | Financial | 0.69% | ₹1.21 Cr | — | — | — |
| Hero Motocorp Ltd. | Automobile | 0.65% | ₹1.15 Cr | +0.47% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 0.63% | ₹1.10 Cr | +0.57% | +0.51% | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 0.57% | ₹1.00 Cr | +0.53% | +1.19% | — |
| Petronet LNG Ltd. | Energy | 0.49% | ₹0.86 Cr | +0.47% | +0.52% | +0.50% |
| Infosys Ltd. | Technology | 0.45% | ₹0.79 Cr | +0.44% | +0.81% | +0.95% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.44% | ₹0.77 Cr | +0.47% | +0.47% | +0.30% |
| Cohance Lifesciences Ltd. | Healthcare | 0.42% | ₹0.74 Cr | +0.51% | +0.35% | +0.40% |
| Syngene International Ltd. | Healthcare | 0.33% | ₹0.57 Cr | +0.39% | +0.35% | +0.43% |
| Knowledge Realty Trust | Construction | 0.31% | ₹0.55 Cr | — | — | — |
| Life Insurance Corporation of India | Insurance | 0.26% | ₹0.45 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 0.24% | ₹0.42 Cr | +0.27% | — | — |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.23% | ₹0.40 Cr | +0.23% | +0.19% | +0.25% |
| La Opala RG Ltd. | Materials | 0.19% | ₹0.34 Cr | +0.22% | +0.20% | +0.29% |
| Cyient Ltd. | Technology | 0.17% | ₹0.29 Cr | +0.24% | +0.21% | +0.30% |
| Oberoi Realty Ltd. | Construction | 0.17% | ₹0.29 Cr | — | — | — |
| Indian Oil Corporation Ltd. | Energy | 0.15% | ₹0.26 Cr | +0.15% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.14% | ₹0.25 Cr | +0.14% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.14% | ₹0.24 Cr | +0.15% | — | — |
| Ipca Laboratories Ltd. | Healthcare | 0.04% | ₹0.07 Cr | +0.31% | +0.30% | +0.48% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 5.84% | 8.94% | +3.10% |
| HDFC Asset Management Company Ltd. | 0.00% | 0.69% | +0.69% |
| Oberoi Realty Ltd. | 0.00% | 0.17% | +0.17% |
| Cholamandalam Investment and Finance Company Ltd. | 3.03% | 2.86% | -0.17% |
| ICICI Bank Ltd. | 1.97% | 1.82% | -0.15% |
| Small Industries Devp. Bank of India Ltd. | 5.45% | 5.58% | +0.13% |
| IDFC First Bank Ltd. | 5.45% | 5.57% | +0.12% |
| Mahindra & Mahindra Ltd. | 1.18% | 1.08% | -0.10% |
| Muthoot Finance Ltd. | 4.30% | 4.39% | +0.09% |
| Maruti Suzuki India Ltd. | 0.70% | 0.63% | -0.07% |
| Maharashtra State | 8.11% | 8.17% | +0.06% |
| Infosys Ltd. | 0.51% | 0.45% | -0.06% |
| ITC Ltd. | 1.07% | 1.12% | +0.05% |
| HDFC Bank Ltd. | 2.66% | 2.71% | +0.05% |
| Indigo Paints Ltd. | 0.91% | 0.87% | -0.04% |
| Axis Bank Ltd. | 0.79% | 0.76% | -0.03% |
| Power Finance Corporation Ltd. | 0.03% | 0.00% | -0.03% |
| Canara HSBC Life Insurance Company Ltd. | 0.59% | 0.57% | -0.02% |
| Cipla Ltd. | 0.80% | 0.78% | -0.02% |
| Coromandel International Ltd. | 0.26% | 0.24% | -0.02% |
| HDFC Life Insurance Co Ltd. | 0.72% | 0.70% | -0.02% |
| Hero Motocorp Ltd. | 0.67% | 0.65% | -0.02% |
| ICICI Lombard General Insurance Company Ltd. | 0.42% | 0.44% | +0.02% |
| Indus Towers Ltd. | 0.84% | 0.82% | -0.02% |
| Petronet LNG Ltd. | 0.51% | 0.49% | -0.02% |
| La Opala RG Ltd. | 0.21% | 0.19% | -0.02% |
| Syngene International Ltd. | 0.35% | 0.33% | -0.02% |
| Alembic Pharmaceuticals Ltd. | 0.22% | 0.23% | +0.01% |
| Alkem Laboratories Ltd. | 0.84% | 0.83% | -0.01% |
| Cohance Lifesciences Ltd. | 0.43% | 0.42% | -0.01% |
| Knowledge Realty Trust | 0.30% | 0.31% | +0.01% |
| Life Insurance Corporation of India | 0.27% | 0.26% | -0.01% |
| Oil And Natural Gas Corporation Ltd. | 0.76% | 0.75% | -0.01% |
| Ipca Laboratories Ltd. | 0.05% | 0.04% | -0.01% |
| Bharat Petroleum Corporation Ltd. | 0.15% | 0.14% | -0.01% |
| Cyient Ltd. | 0.17% | 0.17% | 0.00% |
| Hindustan Petroleum Corporation Ltd. | 0.14% | 0.14% | 0.00% |
| Indian Oil Corporation Ltd. | 0.15% | 0.15% | 0.00% |
| Kotak Mahindra Bank Ltd. | 0.81% | 0.81% | 0.00% |
| NTPC Ltd. | 0.99% | 0.99% | 0.00% |
| Others | 0.34% | 0.34% | 0.00% |
| SBI Life Insurance Company Ltd. | 0.72% | 0.72% | 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 | ₹1,903 Cr | 1.27% | 4.2% | 6.2% | 7.9% |
 Parag Parikh Conservative Hybrid Fund | ₹3,395 Cr | 0.66% | 2.8% | 5.8% | 8.1% |
 ICICI Prudential Conservative Hybrid Fund | ₹3,223 Cr | 1.73% | 4.0% | 5.9% | 7.5% |
 Nippon India Conservative Hybrid Fund | ₹974 Cr | 1.80% | 6.0% | 7.2% | 7.7% |
 Aditya Birla Sun Life Conservative Hybrid Active FoF | ₹18.28 Cr | 0.89% | 4.0% | 5.8% | 8.1% |
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 months2.63% absolute | ₹60,000 | ₹61,578 | 2.63% | |
| 1 year3.26% annualised | ₹1,20,000 | ₹1,22,140 | 1.78% | |
| 3 years8.03% annualised | ₹3,60,000 | ₹4,08,253 | 13.40% | |
| 5 years7.06% annualised | ₹6,00,000 | ₹7,21,261 | 20.21% |
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 ₹61.55 as on 9 Nov 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 4.4% over 1 year, 5.7% over 3 years and 7.3% 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 ₹2,47,696 Cr under management.