Parag Parikh Conservative Hybrid Fund
Conservative HybridModerately HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹15.82-0.05%1 day
- Return since launch
- 9.0%
- 52-week range
- ₹15.18 — ₹15.97
- AUM
- ₹3,481 Cr
Parag Parikh Conservative Hybrid Fund is a Conservative Hybrid hybrid fund from PPFAS Mutual Fund with ₹3,481 Cr under management, launched in 2021. Over three years it has returned 6.4% a year, against 7.0% for its category. The expense ratio is 0.66% and the SEBI riskometer reading is Moderately High.
Performance
Parag Parikh Conservative Hybrid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.2% 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 | 3.5% | +0.9 pts | 2.6% | 0.9% |
| 2Y | 4.8% | +1.6 pts | 3.1% | 2.7% |
| 3Y | 6.4% | −0.6 pts | 7.0% | 4.4% |
| 5Y | 8.5% | +1.9 pts | 6.6% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.3% | +0.6 pts | -0.9% | -1.0% |
| 3M | 0.1% | +0.3 pts | -0.1% | -0.2% |
| 6M | 2.8% | −0.5 pts | 3.2% | 3.3% |
| 1Y | 4.2% | +1.6 pts | 2.6% | 1.6% |
| 2Y | 5.1% | +2.1 pts | 3.0% | 3.0% |
| 3Y | 8.9% | +1.9 pts | 7.0% | 7.0% |
| 5Y | 8.9% | +2.3 pts | 6.6% | 6.2% |
Since launch (7 May 2021): 9.0%
Calendar-year returns
Category average7.6%
13.7%
12.4%
7.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | +0.4 pts | 7.0% |
| 2024 | 12.4% | +1.4 pts | 11.0% |
| 2023 | 13.7% | +1.6 pts | 12.1% |
| 2022 | 7.6% | +2.5 pts | 5.1% |
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
0.67%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.54%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.12%
- Exit load
- For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
- 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 | 0.83 | 0.93 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.08 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.69 | 0.87 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 3.68 | 4.48 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Parag Parikh Conservative Hybrid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity9.3%
- Debt74.2%
- Other16.5%
Market cap split
- Large69.5%
- Mid23.6%
- Small6.9%
- P/E
- 10.34
- P/B
- 2.08
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Embassy Office Parks REIT | Construction | 7.15% | ₹249 Cr | +10.16% | +9.11% | +8.58% |
| Brookfield India Real Estate Trust REIT | Construction | 5.10% | ₹178 Cr | +4.96% | +5.12% | +4.20% |
| Others | Others | 4.38% | ₹152 Cr | +1.07% | +1.05% | +1.01% |
| Small Industries Devp. Bank of India Ltd. | Financial | 4.29% | ₹149 Cr | +4.44% | +1.50% | +1.72% |
| LIC Housing Finance Ltd. | Financial | 2.85% | ₹99.27 Cr | +1.49% | +1.51% | +1.38% |
| company:20045 | Construction | 2.26% | ₹78.75 Cr | — | — | — |
| Maharashtra State | Others | 2.20% | ₹76.66 Cr | +2.27% | +2.33% | +0.53% |
| Petronet LNG Ltd. | Energy | 2.19% | ₹76.34 Cr | +1.90% | +2.26% | +1.99% |
| Coal India Ltd. | Materials | 1.94% | ₹67.66 Cr | +4.61% | 0.00% | +3.95% |
| Power Grid Corporation Of India Ltd. | Energy | 1.85% | ₹64.29 Cr | +4.15% | 0.00% | +3.98% |
| ITC Ltd. | Consumer Staples | 1.81% | ₹62.89 Cr | +1.91% | +1.96% | +2.07% |
| Tata Capital Ltd. | Financial | 1.73% | ₹60.11 Cr | — | — | — |
| Tamilnadu State | Others | 1.47% | ₹51.13 Cr | +2.57% | +2.63% | +0.35% |
| Gujarat State | Construction | 1.45% | ₹50.63 Cr | +1.50% | +1.53% | +0.18% |
| National Bank For Agriculture & Rural Development | Financial | 1.43% | ₹49.87 Cr | +1.49% | +1.40% | +0.84% |
| Madhya Pradesh State | Others | 1.42% | ₹49.43 Cr | +1.46% | +1.50% | — |
| Uttar Pradesh State | Others | 1.29% | ₹44.92 Cr | +2.28% | +1.25% | +1.42% |
| Karnataka State | Others | 1.17% | ₹40.63 Cr | +0.15% | +0.16% | +0.18% |
| Parag Parikh Liquid Fund Direct - Growth | Unclassified | 1.00% | ₹34.84 Cr | +1.17% | +1.15% | +1.10% |
| company:4907 | Financial | 0.80% | ₹27.80 Cr | — | — | +2.00% |
| GOI | Sovereign | 0.73% | ₹25.45 Cr | +0.75% | +0.16% | +0.18% |
| Bajaj Finance Ltd. | Financial | 0.72% | ₹25.05 Cr | +0.75% | +0.75% | +0.86% |
| National Bank For Financing Infrastructure And Development | Financial | 0.70% | ₹24.49 Cr | +0.73% | — | — |
| Swaraj Engines Ltd. | Capital Goods | 0.64% | ₹22.21 Cr | +0.71% | +0.67% | +0.84% |
| Andhra Pradesh State | Financial | 0.60% | ₹21.00 Cr | +0.62% | +0.64% | +0.73% |
| IndiGrid Infrastructure Trust | Capital Goods | 0.57% | ₹19.68 Cr | +0.30% | +0.30% | +0.34% |
| Kerala State | Others | 0.45% | ₹15.66 Cr | +0.46% | +0.47% | +0.54% |
| Rajasthan State | Others | 0.29% | ₹10.20 Cr | +0.30% | +0.31% | +0.18% |
| Punjab State | Others | 0.15% | ₹5.16 Cr | +0.15% | +0.16% | +0.18% |
| Reserve Bank of India | Financial | 0.14% | ₹4.77 Cr | +0.15% | +0.15% | +0.16% |
| Indus Towers Ltd. | Communication | 0.07% | ₹2.37 Cr | +0.08% | +0.08% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20045 | 0.00% | 2.26% | +2.26% |
| Coal India Ltd. | 2.01% | -0.00% | -2.01% |
| Power Grid Corporation Of India Ltd. | 2.00% | -0.00% | -2.00% |
| Bajaj Finance Ltd. | -0.55% | 0.72% | +1.27% |
| REC Ltd. | 1.01% | 0.00% | -1.01% |
| Uttar Pradesh State | 2.22% | 1.29% | -0.93% |
| company:4907 | 0.00% | 0.80% | +0.80% |
| Mindspace Business Parks REIT | 0.70% | 0.00% | -0.70% |
| IndiGrid Infrastructure Trust | 0.43% | 0.14% | -0.28% |
| Bharti Airtel Ltd. | -0.26% | 0.00% | +0.26% |
| ITC Ltd. | 1.99% | 1.81% | -0.18% |
| Parag Parikh Liquid Fund Direct - Growth | 1.14% | 1.00% | -0.14% |
| Petronet LNG Ltd. | 2.05% | 2.19% | +0.14% |
| Ambuja Cements Ltd. | -0.06% | 0.00% | +0.06% |
| Small Industries Devp. Bank of India Ltd. | 2.16% | 2.14% | -0.02% |
| Maharashtra State | 2.22% | 2.20% | -0.02% |
| Tamilnadu State | 1.49% | 1.47% | -0.02% |
| LIC Housing Finance Ltd. | 2.17% | 2.15% | -0.02% |
| Madhya Pradesh State | 1.44% | 1.42% | -0.02% |
| Gujarat State | 1.47% | 1.45% | -0.02% |
| National Bank For Agriculture & Rural Development | 1.45% | 1.43% | -0.01% |
| Hindustan Aeronautics Ltd. | -0.01% | 0.00% | +0.01% |
| Karnataka State | 1.18% | 1.17% | -0.01% |
| Tata Capital Ltd. | 1.74% | 1.73% | -0.01% |
| Swaraj Engines Ltd. | 0.65% | 0.64% | -0.01% |
| Brookfield India Real Estate Trust REIT | 5.11% | 5.10% | -0.01% |
| GOI | 0.74% | 0.73% | -0.01% |
| Andhra Pradesh State | 0.61% | 0.60% | -0.01% |
| National Bank For Financing Infrastructure And Development | 0.71% | 0.70% | -0.01% |
| Embassy Office Parks REIT | 5.02% | 5.01% | -0.01% |
| Rajasthan State | 0.30% | 0.29% | 0.00% |
| Kerala State | 0.45% | 0.45% | 0.00% |
| Punjab State | 0.15% | 0.15% | 0.00% |
| Indus Towers Ltd. | 0.07% | 0.07% | 0.00% |
| Others | 0.27% | 0.28% | 0.00% |
| Reserve Bank of India | 0.14% | 0.14% | 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 | ₹920 Cr | 1.51% | 2.4% | 5.5% | 7.4% |
 ICICI Prudential Conservative Hybrid Fund | ₹3,329 Cr | 1.73% | 1.8% | 5.5% | 7.3% |
 DSP Conservative Hybrid Fund | ₹178 Cr | 1.25% | 2.2% | 5.3% | 7.0% |
 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 regular income through investments predominantly in debt and money market instruments. The scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme.
Fund managers
- Mansi KariyaMs. Karia has done B.Com, MS Finance and CFAPrior to joining PPFAS AMC, she has worked with Insync and Zacks Investment Research
- Raj MehtaMr. Mehta is a Commerce Graduate from University of Mumbai (N.M. College) ; Fellow Member of Institute of Chartered Accountants of India (ICAI) ; CFA Charter Holder.Beginning his career as an intern with PPFAS Mutual Fund in 2012, he swiftly moved up the ranks, and is currently part of the Fund Management team.
- Rajeev ThakkarMr.Thakkar is a Chartered Accountant, Cost Accountant, CFA, and CFP.He has been associated with PPFAS AMC since 2013.
- Raunak OnkarMr.Onkar is an MMS (Finance) from the University of Mumbai.He joined PPFAS as a research analyst. He was appointed as Head- research in the year 2011. He is working with the company as an Associate Fund Manager.
- Rukun TarachandaniMr. Tarachandani has done B Tech (Information Technology), PGPM (Finance), CFA and CQF.Prior to joining PPFAS Mutual Fund, he has worked with Kotak Mutual Fund, Goldman Sachs, Unnati Investment Management & Research Group.
- Tejas SomanMr. Soman has done B.Com from University of Mumbai and Post Graduate Program in Securities Markets - From ‘NISM’Prior to joining PPFAS Mutual Fund, he was associated with SBI MF, Yes Bank Limited, STCI Primary Dealership and PricewaterhouseCoopers
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 months2.76% absolute | ₹60,000 | ₹61,656 | 2.76% | |
| 1 year4.20% annualised | ₹1,20,000 | ₹1,22,765 | 2.30% | |
| 3 years8.86% annualised | ₹3,60,000 | ₹4,13,688 | 14.91% | |
| 5 years8.89% annualised | ₹6,00,000 | ₹7,57,639 | 26.27% |
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 Parag Parikh Conservative Hybrid Fund?
The NAV of Parag Parikh Conservative Hybrid Fund is ₹15.82 as on 25 Sep 2026.
What is the expense ratio of Parag Parikh Conservative Hybrid Fund?
The expense ratio of Parag Parikh Conservative Hybrid Fund is 0.66% per year.
What is the minimum SIP amount for Parag Parikh Conservative Hybrid Fund?
You can start a SIP in Parag Parikh Conservative Hybrid Fund with ₹3,000 a month.
What returns has Parag Parikh Conservative Hybrid Fund given?
Parag Parikh Conservative Hybrid Fund has returned 3.5% over 1 year, 6.4% over 3 years and 8.5% over 5 years (annualised).
Is there a lock-in or exit load on Parag Parikh Conservative Hybrid Fund?
Lock-in: None. Exit load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.
How risky is Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund is rated Moderately High on the SEBI riskometer and belongs to the Conservative Hybrid category.
Which fund house manages Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund is managed by PPFAS Mutual Fund, which runs 7 schemes with ₹1,60,807 Cr under management.