HSBC Conservative Hybrid Fund
Conservative HybridModerately HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹63.29+0.28%1 day
- Return since launch
- 8.4%
- 52-week range
- ₹60.11 — ₹64.06
- AUM
- ₹148 Cr
HSBC Conservative Hybrid Fund is a Conservative Hybrid hybrid fund from HSBC Mutual Fund with ₹148 Cr under management, launched in 2004. Over three years it has returned 4.8% a year, against 7.2% for its category. The expense ratio is 2.19% and the SEBI riskometer reading is Moderately High.
Performance
HSBC Conservative Hybrid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.4% 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 | 3.1% | +0.8 pts | 2.4% | 2.6% |
| 2Y | 3.4% | −0.4 pts | 3.8% | 3.4% |
| 3Y | 4.8% | −2.4 pts | 7.2% | 4.6% |
| 5Y | 6.8% | +0.2 pts | 6.5% | 6.4% |
| 7Y | 7.1% | 0.0 pts | 7.1% | 6.9% |
| 10Y | 7.1% | +0.3 pts | 6.9% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.4% | −0.7 pts | 2.0% | 2.0% |
| 3M | -1.2% | −0.9 pts | -0.2% | -0.3% |
| 6M | 1.7% | −0.7 pts | 2.4% | 2.3% |
| 1Y | 2.4% | 0.0 pts | 2.4% | 1.4% |
| 2Y | 3.7% | −0.5 pts | 4.2% | 4.2% |
| 3Y | 8.0% | +0.8 pts | 7.2% | 7.3% |
| 5Y | 6.4% | −0.2 pts | 6.5% | 6.3% |
| 7Y | 7.5% | −0.1 pts | 7.6% | 7.3% |
| 10Y | 6.8% | −0.1 pts | 6.9% | 6.9% |
Since launch (22 Jan 2004): 8.4%
Calendar-year returns
Category average10.3%
8.6%
0.4%
11.4%
15.8%
1.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.9% | −5.1 pts | 7.0% |
| 2024 | 15.8% | +4.8 pts | 11.0% |
| 2023 | 11.4% | −0.7 pts | 12.1% |
| 2022 | 0.4% | −4.7 pts | 5.1% |
| 2021 | 8.6% | −2.6 pts | 11.2% |
| 2020 | 10.3% | −0.2 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
2.19%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.81%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.36%
- Exit load
- Exit load of 1% if redeemed 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 | — | 0.89 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.35 | 0.60 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.49 | 0.83 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 5.61 | 3.81 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HSBC Conservative Hybrid Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity23.1%
- Debt69.5%
- Other7.4%
Market cap split
- Large53.2%
- Mid37.5%
- Small9.3%
- P/E
- 27.13
- P/B
- 4.08
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Maharashtra State | Others | 9.96% | ₹15.11 Cr | — | +0.96% | — |
| Others | Others | 9.41% | ₹14.23 Cr | +0.93% | +1.05% | +0.87% |
| REC Ltd. | Financial | 6.86% | ₹10.40 Cr | +6.82% | +7.49% | — |
| National Bank For Agriculture & Rural Development | Financial | 6.58% | ₹9.98 Cr | +7.04% | +7.74% | — |
| GOI | Sovereign | 3.44% | ₹5.22 Cr | +3.45% | +7.65% | +0.06% |
| National Housing Bank | Financial | 3.40% | ₹5.15 Cr | — | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 3.39% | ₹5.15 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.28% | ₹4.98 Cr | +3.53% | +3.87% | +3.27% |
| HDFC Bank Ltd. | Financial | 2.83% | ₹4.30 Cr | +0.04% | +0.04% | +0.04% |
| Polycab India Ltd. | Capital Goods | 2.65% | ₹4.01 Cr | — | — | — |
| ICICI Bank Ltd. | Financial | 2.35% | ₹3.57 Cr | +2.46% | +0.63% | +0.60% |
| Liquid Gold Series | Financial | 1.92% | ₹2.91 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 1.88% | ₹2.86 Cr | +1.97% | +1.74% | — |
| Coforge Ltd. | Technology | 1.73% | ₹2.62 Cr | — | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.31% | ₹1.99 Cr | — | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.11% | ₹1.68 Cr | +1.31% | +3.80% | +2.65% |
| Kei Industries Ltd. | Capital Goods | 0.92% | ₹1.40 Cr | +1.12% | +0.94% | +0.81% |
| Dhoot Transmission Ltd. | Capital Goods | 0.88% | ₹1.34 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.84% | ₹1.28 Cr | +0.95% | +0.73% | +0.71% |
| Bharat Electronics Ltd. | Capital Goods | 0.77% | ₹1.16 Cr | +0.82% | +0.90% | +0.77% |
| Persistent Systems Ltd. | Technology | 0.70% | ₹1.06 Cr | +0.57% | +0.73% | +0.62% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.62% | ₹0.94 Cr | +0.69% | +0.59% | +0.60% |
| Larsen & Toubro Ltd. | Construction | 0.62% | ₹0.94 Cr | +0.69% | +0.65% | +0.58% |
| Siemens Ltd. | Capital Goods | 0.61% | ₹0.93 Cr | +0.60% | +0.55% | +0.50% |
| Siemens Energy India Ltd. | Energy | 0.53% | ₹0.80 Cr | +0.61% | +0.48% | +0.55% |
| Kaynes Technology India Ltd. | Capital Goods | 0.46% | ₹0.70 Cr | +0.41% | +0.51% | +0.90% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.41% | ₹0.63 Cr | +0.46% | +0.47% | +0.62% |
| Aditya Vision Ltd. | Services | 0.29% | ₹0.45 Cr | +0.33% | +0.27% | +0.27% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.12% | ₹0.18 Cr | +2.67% | +2.24% | — |
| KPIT Technologies Ltd. | Technology | 0.10% | ₹0.15 Cr | +0.13% | +0.14% | +0.21% |
| Trent Ltd. | Services | 0.10% | ₹0.16 Cr | +0.13% | +0.10% | +0.12% |
| Infosys Ltd. | Technology | 0.08% | ₹0.12 Cr | +0.08% | +0.11% | +0.11% |
| Sundaram Finance Ltd. | Financial | 0.08% | ₹0.12 Cr | +0.08% | +0.09% | +0.08% |
| Suzlon Energy Ltd. | Capital Goods | 0.04% | ₹0.06 Cr | +0.06% | +0.04% | +0.05% |
| TD Power Systems Ltd. | Capital Goods | 0.04% | ₹0.05 Cr | +0.03% | +0.02% | +0.01% |
| ABB India Ltd. | Capital Goods | 0.02% | ₹0.03 Cr | +0.02% | +0.02% | +0.01% |
| Medi Assist Healthcare Services Ltd. | Services | 0.01% | ₹0.01 Cr | +0.01% | +0.01% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Indian Railway Finance Corporation Ltd. | 6.41% | 3.39% | -3.02% |
| Polycab India Ltd. | 0.00% | 2.65% | +2.65% |
| Coforge Ltd. | 0.00% | 1.73% | +1.73% |
| Hitachi Energy India Ltd. | 0.00% | 1.31% | +1.31% |
| Dhoot Transmission Ltd. | 0.00% | 0.88% | +0.88% |
| National Bank For Agriculture & Rural Development | 6.84% | 6.58% | -0.26% |
| REC Ltd. | 6.63% | 6.86% | +0.23% |
| Kei Industries Ltd. | 1.15% | 0.92% | -0.23% |
| The Federal Bank Ltd. | 2.05% | 1.88% | -0.17% |
| ICICI Bank Ltd. | 2.51% | 2.35% | -0.16% |
| Small Industries Devp. Bank of India Ltd. | 3.42% | 3.28% | -0.14% |
| Maharashtra State | 10.08% | 9.96% | -0.12% |
| National Housing Bank | 3.31% | 3.40% | +0.09% |
| GOI | 3.36% | 3.44% | +0.08% |
| HDFC Bank Ltd. | 2.75% | 2.83% | +0.08% |
| Cholamandalam Investment and Finance Company Ltd. | 0.69% | 0.62% | -0.07% |
| CG Power and Industrial Solutions Ltd. | 0.88% | 0.84% | -0.04% |
| Bharat Electronics Ltd. | 0.80% | 0.77% | -0.03% |
| Larsen & Toubro Ltd. | 0.65% | 0.62% | -0.03% |
| Liquid Gold Series | 1.89% | 1.92% | +0.03% |
| Siemens Ltd. | 0.64% | 0.61% | -0.03% |
| GE Vernova T&D India Ltd | 1.14% | 1.11% | -0.03% |
| Persistent Systems Ltd. | 0.72% | 0.70% | -0.02% |
| Safari Industries (India) Ltd. | 0.43% | 0.41% | -0.02% |
| Others | 0.31% | 0.32% | +0.01% |
| Siemens Energy India Ltd. | 0.52% | 0.53% | +0.01% |
| Suzlon Energy Ltd. | 0.05% | 0.04% | -0.01% |
| TD Power Systems Ltd. | 0.03% | 0.04% | +0.01% |
| Infosys Ltd. | 0.09% | 0.08% | -0.01% |
| KPIT Technologies Ltd. | 0.11% | 0.10% | -0.01% |
| Trent Ltd. | 0.11% | 0.10% | -0.01% |
| Kaynes Technology India Ltd. | 0.47% | 0.46% | -0.01% |
| ABB India Ltd. | 0.02% | 0.02% | 0.00% |
| Aditya Vision Ltd. | 0.29% | 0.29% | 0.00% |
| Billionbrains Garage Ventures Ltd. | 0.12% | 0.12% | 0.00% |
| Medi Assist Healthcare Services Ltd. | 0.01% | 0.01% | 0.00% |
| Sundaram Finance Ltd. | 0.08% | 0.08% | 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 | ₹1,557 Cr | 1.27% | 4.2% | 6.1% | 7.7% |
 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% |
 DSP Conservative Hybrid Fund | ₹174 Cr | 1.25% | 4.4% | 5.7% | 7.3% |
 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 reasonable returns through investments in debt and money market instruments. It would also invest in equity and equity related instruments to seek capital appreciation.
Fund managers
- Abhishek GuptaMr. Gupta is a B. Com., PGDM (Finance) CFA (Investments)Prior to joining HSBC Mutual Fund, he has worked with Edelweiss Asset Management Limited, Goldman Sachs, Baer Capital and Deutsche Asset Management.
- Asif RizwiMr. Rizwi has done B.Tech and PGDM from IIM-CPrior to joining HSBC MF, he has worked with L&T MF, Yes Bank, ICICI Bank, Nomura International plc and Deutsche Bank
- Cheenu GuptaMs. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)Prior to joining HSBC Mutual Fund, she has worked with L&T Mutual Fund, Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.
- Dipan S. ParikhMr. Parikh has done B.ComHe has been working with HSBC Mutual Fund since 2006
- Mahesh A ChhabriaMr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
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 months1.69% absolute | ₹60,000 | ₹61,014 | 1.69% | |
| 1 year2.35% annualised | ₹1,20,000 | ₹1,21,539 | 1.28% | |
| 3 years8.03% annualised | ₹3,60,000 | ₹4,08,253 | 13.40% | |
| 5 years6.36% annualised | ₹6,00,000 | ₹7,07,926 | 17.99% |
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 HSBC Conservative Hybrid Fund?
The NAV of HSBC Conservative Hybrid Fund is ₹63.29 as on 9 Nov 2026.
What is the expense ratio of HSBC Conservative Hybrid Fund?
The expense ratio of HSBC Conservative Hybrid Fund is 2.19% per year.
What is the minimum SIP amount for HSBC Conservative Hybrid Fund?
You can start a SIP in HSBC Conservative Hybrid Fund with ₹3,000 a month.
What returns has HSBC Conservative Hybrid Fund given?
HSBC Conservative Hybrid Fund has returned 3.1% over 1 year, 4.8% over 3 years and 6.8% over 5 years (annualised).
Is there a lock-in or exit load on HSBC Conservative Hybrid Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year.
How risky is HSBC Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund is rated Moderately High on the SEBI riskometer and belongs to the Conservative Hybrid category.
Which fund house manages HSBC Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund is managed by HSBC Mutual Fund, which runs 44 schemes with ₹1,58,065 Cr under management.