Axis Conservative Hybrid Fund vs Invesco India Medium Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Conservative Hybrid Fund is a Conservative Hybrid fund and Invesco India Medium Term Fund is a Medium Duration fund. In the 3 years to 30-10-2026, Axis Conservative Hybrid Fund (Direct) returned 6.5% a year and Invesco India Medium Term Fund (Direct) returned 6.9% a year. Axis Conservative Hybrid Fund charges 1.16% a year and Invesco India Medium Term Fund 0.32% (Direct plans). Their portfolios overlap 23.1%: they hold 4 of the same securities.
Axis Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 6.5%
- Expense ratio
- 1.16%
- NAV
- ₹35.59
Invesco India Medium Term Fund
Medium Duration
- 3 year return
- 6.9%
- Expense ratio
- 0.32%
- NAV
- ₹1,350.61
Which is better, Axis Conservative Hybrid or Invesco India Medium Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Medium Term returned more over 5 years: 5.9% a year against 5.7%.
- Invesco India Medium Term returned more over 3 years: 6.9% a year against 6.5%.
- Invesco India Medium Term costs less: 0.32% a year against 1.16% (Direct plans).
- Invesco India Medium Term swung less over 3 years: a standard deviation of 1.3% a year against 3.4%.
- Invesco India Medium Term fell less in its worst fall since 19-07-2021: −2.3% against −5.9%.
- Axis Conservative Hybrid is the larger fund: ₹217 Cr against ₹131 Cr.
- Their portfolios overlap 23.1%: 4 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Conservative Hybrid Fund | Invesco India Medium Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Invesco Mutual Fund |
| Category | Conservative Hybrid | Medium Duration |
| AUM | ₹217 Cr (30-09-2026) | ₹131 Cr (30-09-2026) |
| NAV | ₹35.59 (Direct) | ₹1,350.61 (Direct) |
| Expense ratio (Direct) | 1.16% | 0.32% |
| Expense ratio (Regular) | 2.15% | 1.14% |
| Riskometer | Moderately High | Moderate |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | NIFTY Medium Duration Debt Index A-III |
| Launch date | 16-07-2010 | 16-07-2021 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Devang Shah, Sachin Jai, Jayesh Sundar | Krishna Cheemalapati, Vikas Garg |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Nil |
Axis Conservative Hybrid vs Invesco India Medium Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Conservative Hybrid Fund (Direct) | −0.01% | −1.82% | +0.41% | −0.11% | +6.52% | +5.66% | +7.13% |
| Invesco India Medium Term Fund (Direct) | −0.31% | −0.44% | +2.15% | +3.63% | +6.88% | +5.88% | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | -- |
Category average: the average of the 18 Conservative Hybrid funds and the 13 Medium Duration funds, same plan type.
Axis Conservative Hybrid vs Invesco India Medium Term: Year-wise Returns
| Year | Axis Conservative HybridAxis Conservative Hybrid | Invesco India Medium TermInvesco India Medium Term |
|---|---|---|
| 2026to date | −1.12% | +2.91% |
| 2025 | +8.03% | +7.45% |
| 2024 | +8.89% | +8.55% |
| 2023 | +9.91% | +7.15% |
| 2022 | +1.86% | +2.63% |
| 2021 | +11.91% | -- |
Axis Conservative Hybrid vs Invesco India Medium Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 562 of them, one for each trading day from 19-07-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Conservative Hybrid Fund (Direct)
Invesco India Medium Term Fund (Direct)
to
Sept 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Conservative Hybrid | 0.0 | 0.0 | 96.8 | 3.2 | 0.0 | 0.0 | 0.0 | 8.0% | 7.8% | 6.0% | 10.4% |
| Invesco India Medium Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 7.3% | 5.5% | 8.5% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 19-07-2021. Past returns do not promise future returns.
Axis Conservative Hybrid vs Invesco India Medium Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-07-2021 to 30-10-2026: 64 instalments, ₹6,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Conservative HybridAxis Conservative Hybrid Fund (Direct) | ₹6,40,000 | ₹7,41,161 | ₹1,01,161 | 5.5% |
| Invesco India Medium TermInvesco India Medium Term Fund (Direct) | ₹6,40,000 | ₹7,54,474 | ₹1,14,474 | 6.1% |
Axis Conservative HybridAxis Conservative Hybrid Fund (Direct)
Invesco India Medium TermInvesco India Medium Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Conservative Hybrid vs Invesco India Medium Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Conservative Hybrid Fund (Direct) | Invesco India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.11% | +3.63% |
| Standard deviation | 3.51% | 1.60% |
| Sharpe ratio | -1.53 | -1.01 |
| Sortino ratio | -2.01 | -1.39 |
| Maximum drawdown | −3.5% (30-03-2026) | −1.2% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Conservative Hybrid Fund (Direct) | Invesco India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.52% | +6.88% |
| Standard deviation | 3.42% | 1.33% |
| Sharpe ratio | 0.14 | 0.64 |
| Sortino ratio | 0.20 | 0.93 |
| Maximum drawdown | −3.5% (30-03-2026) | −1.2% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Conservative Hybrid Fund (Direct) | Invesco India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.66% | +5.88% |
| Standard deviation | 3.53% | 1.45% |
| Sharpe ratio | -0.04 | 0.05 |
| Sortino ratio | -0.05 | 0.07 |
| Maximum drawdown | −5.9% (17-06-2022) | −2.3% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Conservative Hybrid Fund (Direct) | Invesco India Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.34% | +5.85% |
| Standard deviation | 4.26% | 1.43% |
| Sharpe ratio | 0.54 | 0.13 |
| Sortino ratio | 0.71 | 0.17 |
| Maximum drawdown | −9.4% (23-03-2020) | −2.3% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Conservative Hybrid Fund (Direct)
Invesco India Medium Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Conservative Hybrid Fund (Direct) | −5.9% | 17-01-2022 | 17-06-2022 | 08-09-2022 | 3 months | −2.4% |
| Invesco India Medium Term Fund (Direct) | −2.3% | 05-04-2022 | 09-05-2022 | 17-08-2022 | 3 months | −1.0% |
From daily values since 19-07-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Conservative Hybrid Fund (Direct)
Invesco India Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Conservative Hybrid Fund (Direct)
Invesco India Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Conservative Hybrid Fund (Direct)
Invesco India Medium Term Fund (Direct)
Axis Conservative Hybrid vs Invesco India Medium Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Conservative Hybrid Fund, September 2026; Invesco India Medium Term Fund, September 2026
Holdings in common
- Overlap
- 23.1%
- Held by both
- 4
- Only in Axis Conservative Hybrid
- 44
- Only in Invesco India Medium Term
- 15
| Security | % of Axis Conservative Hybrid | % of Invesco India Medium Term |
|---|---|---|
| 6.79% Government of India (07/10/2034) | 11.70% | 11.17% |
| 6.94% Government of India (11/05/2036) | 13.59% | 7.50% |
| 7.18% Government of India (14/08/2033) | 15.71% | 3.82% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.60% | 0.68% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.1% means 23.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.64% Power Finance Corporation Limited (22/02/2033) | 6.82% |
| 7.18% Government of India (24/07/2037) | 4.13% |
| 5% GMR Airports Limited (13/02/2027) | 2.45% |
| Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028) | 2.31% |
| 7.1% Government of India (08/04/2034) | 2.30% |
Largest holdings only in Invesco India Medium Term Fund
| Security | % of fund |
|---|---|
| 6.68% Government of India 2040 | 10.80% |
| 7.59% National Housing Bank 2027 | 7.63% |
| 7.77% Bajaj Finance Limited 2029 | 7.53% |
| National Bank For Agriculture and Rural Development 2027 | 7.38% |
| 9.90% Tata Power Company Limited 2028 | 3.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Conservative Hybrid | Invesco India Medium Term |
|---|---|---|
| Equity | 18.0% | 0.0% |
| Debt | 74.4% | 89.9% |
| Cash and others | 7.6% | 10.1% |
Market cap of stocks
| Market cap | Axis Conservative Hybrid | Invesco India Medium Term |
|---|---|---|
| Large Cap | 17.9% | -- |
| Mid Cap | 0.0% | -- |
| Small Cap | 0.0% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Conservative Hybrid | Invesco India Medium Term |
|---|---|---|
| Banks | 5.2% | 0.0% |
| IT - Software | 2.1% | 0.0% |
| Pharmaceuticals & Biotechnology | 1.9% | 0.0% |
| Petroleum Products | 1.8% | 0.0% |
| Finance | 1.3% | 0.0% |
| Power | 0.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Conservative Hybrid vs Invesco India Medium Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Conservative Hybrid Fund | Invesco India Medium Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.16% | 0.32% |
| Base expense ratio (Direct) | 0.98% | 0.27% |
| Total expense ratio (Regular) | 2.15% | 1.14% |
| Base expense ratio (Regular) | 1.85% | 0.99% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Conservative Hybrid with
- Axis Conservative Hybrid vs Parag Parikh Conservative Hybrid
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- Axis Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Axis Conservative Hybrid vs Nippon India Conservative Hybrid
- Axis Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Compare Invesco India Medium Term with
Axis Conservative Hybrid Fund vs Invesco India Medium Term Fund: Frequently Asked Questions
What is the difference between Axis Conservative Hybrid Fund and Invesco India Medium Term Fund?
Axis Conservative Hybrid Fund is a Conservative Hybrid fund, Invesco India Medium Term Fund is a Medium Duration fund, run by Axis Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 23.1%. Axis Conservative Hybrid Fund charges 1.16% a year and Invesco India Medium Term Fund 0.32%.
Which has given higher returns, Axis Conservative Hybrid Fund or Invesco India Medium Term Fund?
Over 1 year: Axis Conservative Hybrid Fund −0.11%, Invesco India Medium Term Fund +3.63%. Over 3 years: Axis Conservative Hybrid Fund +6.52% a year, Invesco India Medium Term Fund +6.88% a year. Over 5 years: Axis Conservative Hybrid Fund +5.66% a year, Invesco India Medium Term Fund +5.88% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Conservative Hybrid Fund or Invesco India Medium Term Fund?
Invesco India Medium Term Fund charges less: 0.32% a year against 1.16%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Conservative Hybrid Fund and Invesco India Medium Term Fund overlap?
23.1%. They hold 4 of the same securities, the largest shared ones being 6.79% Government of India (07/10/2034), 6.94% Government of India (11/05/2036), 7.18% Government of India (14/08/2033). From each fund's latest monthly portfolio.
Which is riskier, Axis Conservative Hybrid Fund or Invesco India Medium Term Fund?
On SEBI's riskometer, Axis Conservative Hybrid Fund is rated Moderately High and Invesco India Medium Term Fund Moderate. Over 3 years, the standard deviation of daily returns was 3.42% and 1.33% a year.
Which is better for SIP, Axis Conservative Hybrid Fund or Invesco India Medium Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,00,374 in Axis Conservative Hybrid Fund (XIRR 5.4% a year) and ₹7,14,167 in Invesco India Medium Term Fund (XIRR 6.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Conservative Hybrid Fund and Invesco India Medium Term Fund?
Yes. 23.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Conservative Hybrid Fund and Invesco India Medium Term Fund?
Axis Conservative Hybrid Fund: Devang Shah, Sachin Jai, Jayesh Sundar. Invesco India Medium Term Fund: Krishna Cheemalapati, Vikas Garg.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.