HDFC Conservative Hybrid Fund
Conservative HybridModerately HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹82.980.00%1 day
- Return since launch
- 9.7%
- 52-week range
- ₹80.87 — ₹84.53
- AUM
- ₹3,201 Cr
HDFC Conservative Hybrid Fund is a Conservative Hybrid hybrid fund from HDFC Mutual Fund with ₹3,201 Cr under management, launched in 2003. Over three years it has returned 3.5% a year, against 7.0% for its category. The expense ratio is 1.69% and the SEBI riskometer reading is Moderately High.
Performance
HDFC Conservative Hybrid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.3% 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 | -0.2% | −2.8 pts | 2.6% | 0.8% |
| 2Y | 1.5% | −1.6 pts | 3.1% | 2.7% |
| 3Y | 3.5% | −3.5 pts | 7.0% | 4.5% |
| 5Y | 6.3% | −0.3 pts | 6.6% | 6.2% |
| 7Y | 7.7% | +0.6 pts | 7.1% | 6.8% |
| 10Y | 7.8% | +1.0 pts | 6.8% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.0% | −0.1 pts | -0.9% | -1.1% |
| 3M | -1.2% | −1.0 pts | -0.1% | -0.2% |
| 6M | 2.0% | −1.2 pts | 3.2% | 3.3% |
| 1Y | 1.3% | −1.3 pts | 2.6% | 1.7% |
| 2Y | 1.8% | −1.2 pts | 3.0% | 2.9% |
| 3Y | 6.6% | −0.4 pts | 7.0% | 7.0% |
| 5Y | 7.1% | +0.5 pts | 6.6% | 6.2% |
| 7Y | 8.7% | +1.0 pts | 7.7% | 7.4% |
| 10Y | 7.6% | +0.8 pts | 6.8% | 6.9% |
Since launch (17 Nov 2003): 9.7%
Calendar-year returns
Category average10.2%
13.4%
6.0%
13.9%
10.4%
5.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.5% | −1.5 pts | 7.0% |
| 2024 | 10.4% | −0.6 pts | 11.0% |
| 2023 | 13.9% | +1.8 pts | 12.1% |
| 2022 | 6.0% | +0.9 pts | 5.1% |
| 2021 | 13.4% | +2.1 pts | 11.2% |
| 2020 | 10.2% | −0.3 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
1.70%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.44%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.26%
- Exit load
- Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 1 year
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 50 Hybrid Composite Debt 15:85 Conservative
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 | — | 0.86 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.32 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.44 | 1.03 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 4.63 | 4.32 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Conservative Hybrid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity19.2%
- Debt77.6%
- Other3.2%
Market cap split
- Large86.9%
- Mid8.8%
- Small4.3%
- P/E
- 15.40
- P/B
- 2.21
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Indian Railway Finance Corporation Ltd. | Financial | 4.13% | ₹132 Cr | +1.44% | +1.44% | +1.44% |
| Power Finance Corporation Ltd. | Financial | 2.72% | ₹87.04 Cr | +1.16% | +1.08% | +1.00% |
| Others | Others | 2.72% | ₹86.25 Cr | +0.93% | +0.87% | +0.87% |
| REC Ltd. | Financial | 2.46% | ₹78.79 Cr | +0.48% | +0.48% | +0.48% |
| Torrent Power Ltd. | Energy | 2.35% | ₹75.10 Cr | — | — | — |
| Housing & Urban Development Corporation Ltd. | Financial | 2.34% | ₹74.89 Cr | +3.02% | +2.98% | +3.02% |
| HDFC Bank Ltd. | Financial | 2.30% | ₹73.72 Cr | +3.24% | +3.72% | +3.98% |
| ICICI Bank Ltd. | Financial | 2.27% | ₹72.70 Cr | +1.95% | +2.06% | +2.09% |
| State Bank of India | Financial | 2.25% | ₹72.18 Cr | +2.70% | +3.24% | +2.40% |
| National Bank For Agriculture & Rural Development | Financial | 1.71% | ₹54.53 Cr | +1.84% | +1.82% | +1.82% |
| Altius Telecom Infrastructure Trust | Construction | 1.69% | ₹53.98 Cr | +1.67% | +1.65% | +1.65% |
| National Highways Authority of India Ltd. | Services | 1.59% | ₹51.02 Cr | +1.57% | +1.55% | +1.56% |
| Pipeline Infrastructure (India) Pvt. Ltd. | Construction | 1.57% | ₹50.35 Cr | +1.56% | +1.53% | +1.54% |
| 360 ONE Wealth Ltd. | Financial | 1.56% | ₹50.01 Cr | +1.55% | — | — |
| Bajaj Housing Finance Ltd. | Financial | 1.56% | ₹50.09 Cr | +1.55% | +1.53% | +1.54% |
| Muthoot Finance Ltd. | Financial | 1.56% | ₹49.80 Cr | +3.10% | — | +3.04% |
| NTPC Ltd. | Energy | 1.37% | ₹44.12 Cr | +1.44% | +1.38% | +1.18% |
| Axis Bank Ltd. | Financial | 1.33% | ₹42.44 Cr | +1.31% | +1.35% | +1.02% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.23% | ₹39.45 Cr | +0.92% | — | — |
| Siddhivinayak Securitisation Trust | Others | 1.08% | ₹34.68 Cr | +1.07% | +1.06% | — |
| Reliance Industries Ltd. | Energy | 1.00% | ₹31.93 Cr | +1.03% | +1.04% | +1.02% |
| Larsen & Toubro Ltd. | Construction | 0.88% | ₹28.31 Cr | +0.89% | +0.90% | +0.75% |
| Tata Power Company Ltd. | Energy | 0.81% | ₹25.82 Cr | +0.88% | +0.86% | +0.87% |
| GOI | Sovereign | 0.80% | ₹25.57 Cr | +1.22% | +6.12% | +0.02% |
| TVS Credit Services Ltd. | Financial | 0.80% | ₹25.48 Cr | +0.79% | +0.78% | +0.77% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.79% | ₹25.23 Cr | +0.78% | +0.76% | +0.77% |
| Kotak Mahindra Bank Ltd. | Financial | 0.79% | ₹25.16 Cr | +0.72% | +0.75% | +0.59% |
| Export-Import Bank Of India | Financial | 0.78% | ₹25.02 Cr | +1.55% | +1.51% | +1.52% |
| Grasim Industries Ltd. | Materials | 0.78% | ₹25.02 Cr | +0.78% | +0.75% | +0.76% |
| LIC Housing Finance Ltd. | Financial | 0.78% | ₹25.06 Cr | +0.78% | +0.76% | +0.76% |
| Uttarakhand State | Others | 0.78% | ₹24.92 Cr | — | — | — |
| HDFC ERGO General Insurance Ltd, | Insurance | 0.77% | ₹24.68 Cr | +0.76% | +0.74% | +0.74% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.77% | ₹24.81 Cr | +0.70% | +0.78% | +0.72% |
| Bajaj Finance Ltd. | Financial | 0.75% | ₹23.98 Cr | +0.74% | +0.73% | +0.74% |
| Bharti Airtel Ltd. | Communication | 0.68% | ₹21.74 Cr | +0.68% | +0.68% | +0.79% |
| Embassy Office Parks REIT | Construction | 0.68% | ₹21.92 Cr | +0.66% | +0.64% | +0.58% |
| Tata Consultancy Services Ltd. | Technology | 0.64% | ₹20.39 Cr | +0.60% | +0.67% | +0.61% |
| Infosys Ltd. | Technology | 0.57% | ₹18.28 Cr | +0.58% | +0.63% | +0.75% |
| HCL Technologies Ltd. | Technology | 0.49% | ₹15.75 Cr | +0.44% | +0.50% | +0.44% |
| Power Grid Corporation Of India Ltd. | Energy | 0.49% | ₹15.81 Cr | +0.54% | +0.54% | +0.30% |
| Hero Motocorp Ltd. | Automobile | 0.43% | ₹13.63 Cr | +0.38% | +0.43% | +0.30% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.43% | ₹13.91 Cr | +0.49% | +0.75% | +0.35% |
| Lupin Ltd. | Healthcare | 0.41% | ₹13.13 Cr | +0.42% | +0.49% | +0.40% |
| SBI Life Insurance Company Ltd. | Insurance | 0.41% | ₹13.05 Cr | +0.43% | +0.46% | +0.41% |
| ITC Ltd. | Consumer Staples | 0.40% | ₹12.78 Cr | +0.45% | +0.47% | +0.74% |
| Cipla Ltd. | Healthcare | 0.35% | ₹11.27 Cr | +0.35% | +0.40% | +0.61% |
| Mahindra Rural Housing Finance Ltd. | Financial | 0.32% | ₹10.10 Cr | +0.31% | +0.31% | +0.31% |
| Bajaj Auto Ltd. | Automobile | 0.30% | ₹9.70 Cr | +0.33% | +0.30% | +0.26% |
| NHPC Ltd. | Energy | 0.29% | ₹9.21 Cr | +0.29% | +0.27% | +0.28% |
| Union Bank of India | Financial | 0.29% | ₹9.43 Cr | +0.26% | +0.30% | +0.19% |
| Bharat Petroleum Corporation Ltd. | Energy | 0.25% | ₹8.10 Cr | +0.23% | +0.29% | +0.23% |
| Coal India Ltd. | Materials | 0.25% | ₹8.04 Cr | +0.28% | +0.28% | +0.28% |
| Indus Towers Ltd. | Communication | 0.24% | ₹7.78 Cr | +0.27% | +0.27% | +0.20% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.23% | ₹7.32 Cr | +0.24% | +0.26% | +0.22% |
| JK Paper Ltd. | Consumer Staples | 0.20% | ₹6.27 Cr | +0.18% | +0.17% | +0.18% |
| Escorts Kubota Ltd. | Automobile | 0.19% | ₹5.99 Cr | +0.18% | +0.21% | +0.21% |
| Gateway Distriparks Ltd. | Services | 0.17% | ₹5.38 Cr | +0.17% | +0.18% | +0.19% |
| The Great Eastern Shipping Company Ltd. | Energy | 0.16% | ₹5.21 Cr | +0.18% | +0.24% | +0.17% |
| CIE Automotive India Ltd. | Metals & Mining | 0.15% | ₹4.69 Cr | +0.17% | +0.17% | +0.14% |
| Goodyear India Ltd. | Automobile | 0.15% | ₹4.91 Cr | +0.15% | +0.16% | +0.19% |
| Tamilnadu State | Others | 0.13% | ₹4.10 Cr | +0.13% | +0.12% | +0.12% |
| Indus Infra Trust | Construction | 0.11% | ₹3.67 Cr | +0.11% | +0.10% | +0.09% |
| Vajra Trust | Others | 0.07% | ₹2.36 Cr | +0.17% | +0.28% | +0.42% |
| Andhra Pradesh State | Financial | 0.03% | ₹0.81 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Power Finance Corporation Ltd. | 0.29% | 1.55% | +1.26% |
| Small Industries Devp. Bank of India Ltd. | 0.46% | 0.76% | +0.30% |
| Axis Bank Ltd. | 1.24% | 1.33% | +0.09% |
| Kotak Mahindra Bank Ltd. | 0.72% | 0.79% | +0.07% |
| State Bank of India | 1.42% | 1.49% | +0.07% |
| HDFC Bank Ltd. | 1.61% | 1.55% | -0.06% |
| ICICI Bank Ltd. | 2.21% | 2.27% | +0.06% |
| Bharti Airtel Ltd. | 0.73% | 0.68% | -0.05% |
| Lupin Ltd. | 0.45% | 0.41% | -0.04% |
| Power Grid Corporation Of India Ltd. | 0.53% | 0.49% | -0.04% |
| Vajra Trust | 0.11% | 0.07% | -0.04% |
| Larsen & Toubro Ltd. | 0.85% | 0.88% | +0.03% |
| NTPC Ltd. | 0.64% | 0.61% | -0.03% |
| ITC Ltd. | 0.43% | 0.40% | -0.03% |
| Union Bank of India | 0.26% | 0.29% | +0.03% |
| 360 ONE Wealth Ltd. | 1.54% | 1.56% | +0.02% |
| Goodyear India Ltd. | 0.17% | 0.15% | -0.02% |
| Hero Motocorp Ltd. | 0.41% | 0.43% | +0.02% |
| Oil And Natural Gas Corporation Ltd. | 0.45% | 0.43% | -0.02% |
| REC Ltd. | 0.17% | 0.15% | -0.02% |
| SBI Life Insurance Company Ltd. | 0.43% | 0.41% | -0.02% |
| Tata Consultancy Services Ltd. | 0.62% | 0.64% | +0.02% |
| Torrent Power Ltd. | 2.33% | 2.35% | +0.02% |
| Bajaj Auto Ltd. | 0.28% | 0.30% | +0.02% |
| Bajaj Finance Ltd. | 0.74% | 0.75% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 0.78% | 0.79% | +0.01% |
| Cipla Ltd. | 0.36% | 0.35% | -0.01% |
| Coal India Ltd. | 0.26% | 0.25% | -0.01% |
| Embassy Office Parks REIT | 0.67% | 0.68% | +0.01% |
| Export-Import Bank Of India | 0.77% | 0.78% | +0.01% |
| Grasim Industries Ltd. | 0.77% | 0.78% | +0.01% |
| HCL Technologies Ltd. | 0.50% | 0.49% | -0.01% |
| HDFC ERGO General Insurance Ltd, | 0.76% | 0.77% | +0.01% |
| JK Paper Ltd. | 0.19% | 0.20% | +0.01% |
| LIC Housing Finance Ltd. | 0.77% | 0.78% | +0.01% |
| Mahindra Rural Housing Finance Ltd. | 0.31% | 0.32% | +0.01% |
| Muthoot Finance Ltd. | 0.77% | 0.78% | +0.01% |
| National Bank For Agriculture & Rural Development | 0.92% | 0.93% | +0.01% |
| National Highways Authority of India Ltd. | 1.58% | 1.59% | +0.01% |
| Others | 0.31% | 0.32% | +0.01% |
| Pipeline Infrastructure (India) Pvt. Ltd. | 1.56% | 1.57% | +0.01% |
| Reliance Industries Ltd. | 1.01% | 1.00% | -0.01% |
| Siddhivinayak Securitisation Trust | 1.07% | 1.08% | +0.01% |
| TVS Credit Services Ltd. | 0.79% | 0.80% | +0.01% |
| Tata Power Company Ltd. | 0.80% | 0.81% | +0.01% |
| The Great Eastern Shipping Company Ltd. | 0.17% | 0.16% | -0.01% |
| Gateway Distriparks Ltd. | 0.18% | 0.17% | -0.01% |
| Hindustan Petroleum Corporation Ltd. | 0.24% | 0.23% | -0.01% |
| Infosys Ltd. | 0.56% | 0.57% | +0.01% |
| Altius Telecom Infrastructure Trust | 1.69% | 1.69% | 0.00% |
| Andhra Pradesh State | 0.03% | 0.03% | 0.00% |
| Bajaj Housing Finance Ltd. | 1.56% | 1.56% | 0.00% |
| Bharat Petroleum Corporation Ltd. | 0.25% | 0.25% | 0.00% |
| CIE Automotive India Ltd. | 0.15% | 0.15% | 0.00% |
| Escorts Kubota Ltd. | 0.19% | 0.19% | 0.00% |
| GOI | 0.01% | 0.01% | 0.00% |
| Housing & Urban Development Corporation Ltd. | 1.54% | 1.54% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 0.49% | 0.49% | 0.00% |
| Indus Infra Trust | 0.11% | 0.11% | 0.00% |
| Indus Towers Ltd. | 0.24% | 0.24% | 0.00% |
| NHPC Ltd. | 0.29% | 0.29% | 0.00% |
| Sun Pharmaceutical Industries Ltd. | 0.77% | 0.77% | 0.00% |
| Tamilnadu State | 0.13% | 0.13% | 0.00% |
| Uttarakhand State | 0.78% | 0.78% | 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 | ₹1,433 Cr | 1.34% | 2.6% | 5.7% | 7.6% |
 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% | 1.7% | 5.6% | 7.3% |
 DSP Conservative Hybrid Fund | ₹178 Cr | 1.25% | 2.2% | 5.4% | 7.0% |
 HSBC Conservative Hybrid Fund | ₹156 Cr | 2.18% | 2.2% | 5.1% | 6.9% |
 Aditya Birla Sun Life Conservative Hybrid Active FoF | ₹18.08 Cr | 0.89% | 3.6% | 6.1% | 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 income/capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
- Anand LaddhaMr. Laddha has done B.Com. and CAPrior to joining HDFC Asset Management Company Limited, he has worked with Refco-Sify Securities India Pvt. Ltd. Last Position Held - AVP - FII Equity & Derivative Sales. Alchemy Share & Stock Brokers Pvt. Ltd. Last Position Held - Equity & Derivative Sales.
- Anupam JoshiMr. Joshi is a PGDM in Business Management.Prior to joining HDFC Mutual Fund he has worked with IDFC AMC, Principal Asset Management Company and ICAP India Pvt. Ltd.
- Bhagyesh KagalkarMr. Kagalkar is a B.E. (Production) and MMS (Finance)Prior to joining HDFC Asset Management Company Limited, he has worked with Dolat Capital Markets Ltd., India Infoline Ltd., Sun Engineering Ltd., Al Ahlia Portfolio Securities Co., IIT Investrust.
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 months2.03% absolute | ₹60,000 | ₹61,218 | 2.03% | |
| 1 year1.30% annualised | ₹1,20,000 | ₹1,20,848 | 0.71% | |
| 3 years6.61% annualised | ₹3,60,000 | ₹3,99,158 | 10.88% | |
| 5 years7.11% annualised | ₹6,00,000 | ₹7,22,225 | 20.37% |
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 HDFC Conservative Hybrid Fund?
The NAV of HDFC Conservative Hybrid Fund is ₹82.98 as on 25 Sep 2026.
What is the expense ratio of HDFC Conservative Hybrid Fund?
The expense ratio of HDFC Conservative Hybrid Fund is 1.69% per year.
What is the minimum SIP amount for HDFC Conservative Hybrid Fund?
You can start a SIP in HDFC Conservative Hybrid Fund with ₹3,000 a month.
What returns has HDFC Conservative Hybrid Fund given?
HDFC Conservative Hybrid Fund has returned -0.2% over 1 year, 3.5% over 3 years and 6.3% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Conservative Hybrid Fund?
Lock-in: None. Exit load: Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 1 year.
How risky is HDFC Conservative Hybrid Fund?
HDFC Conservative Hybrid Fund is rated Moderately High on the SEBI riskometer and belongs to the Conservative Hybrid category.
Which fund house manages HDFC Conservative Hybrid Fund?
HDFC Conservative Hybrid Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.