Bandhan Conservative Hybrid Fund vs Bandhan Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Conservative Hybrid Fund is a Conservative Hybrid fund and Bandhan Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, Bandhan Conservative Hybrid Fund (Direct) returned 7.6% a year and Bandhan Equity Savings Fund (Direct) returned 7.2% a year. Bandhan Conservative Hybrid Fund charges 0.89% a year and Bandhan Equity Savings Fund 0.63% (Direct plans). Their portfolios overlap 10.1%: they hold 8 of the same securities.
Bandhan Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 7.6%
- Expense ratio
- 0.89%
- NAV
- ₹36.97
Bandhan Equity Savings Fund
Equity Savings
- 3 year return
- 7.2%
- Expense ratio
- 0.63%
- NAV
- ₹36.41
Which is better, Bandhan Conservative Hybrid or Bandhan Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Equity Savings returned more over 5 years: 6.7% a year against 5.6%.
- Bandhan Conservative Hybrid returned more over 3 years: 7.6% a year against 7.2%.
- Bandhan Equity Savings costs less: 0.63% a year against 0.89% (Direct plans).
- Bandhan Equity Savings swung less over 3 years: a standard deviation of 2.3% a year against 3.8%.
- Bandhan Conservative Hybrid fell less in its worst fall since 01-01-2014: −11.4% against −17.3%.
- Bandhan Equity Savings holds more in large companies: 62.4% of the fund in large caps against 9.4%.
- Bandhan Equity Savings is the larger fund: ₹409 Cr against ₹87 Cr.
- Their portfolios overlap 10.1%: 8 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 | Bandhan Conservative Hybrid Fund | Bandhan Equity Savings Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Conservative Hybrid | Equity Savings |
| AUM | ₹87 Cr (31-08-2026) | ₹409 Cr (31-08-2026) |
| NAV | ₹36.97 (Direct) | ₹36.41 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.63% |
| Expense ratio (Regular) | 1.96% | 1.54% |
| Riskometer | Moderately High | Low to Moderate |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | CRISIL Equity Savings Index |
| Launch date | 25-02-2010 | 09-06-2008 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Harshal Joshi, Viraj Kulkarni | Kapil Kankonkar, Viraj Kulkarni, Harshal Joshi, Ritika Behera, Gaurav Satra, Brijesh Shah |
| Exit load | Exit Load for units in excess of 10% of the investment,0.25% will be charged for redemption within 7 days. | Exit Load for units in excess of 10% of the investment,0.25% will be charged for redemption within 7 days. |
Bandhan Conservative Hybrid vs Bandhan Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Conservative Hybrid Fund (Direct) | −0.01% | −1.09% | +1.47% | +1.54% | +7.57% | +5.60% | +6.62% |
| Bandhan Equity Savings Fund (Direct) | +0.76% | −0.35% | +2.38% | +3.37% | +7.17% | +6.70% | +7.17% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 18 Conservative Hybrid funds and the 23 Equity Savings funds, same plan type.
Bandhan Conservative Hybrid vs Bandhan Equity Savings: Year-wise Returns
| Year | Conservative HybridBandhan Conservative Hybrid | Equity SavingsBandhan Equity Savings |
|---|---|---|
| 2026to date | +0.38% | +2.22% |
| 2025 | +7.74% | +7.33% |
| 2024 | +8.73% | +8.64% |
| 2023 | +10.48% | +10.73% |
| 2022 | +1.09% | +3.55% |
| 2021 | +7.02% | +11.32% |
Bandhan Conservative Hybrid vs Bandhan Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,387 of them, one for each trading day from 02-01-2017 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.
Bandhan Conservative Hybrid Fund (Direct)
Bandhan Equity Savings Fund (Direct)
to
Oct 2017Jun 2016
to
Jun 2019Feb 2018
to
Feb 2021Oct 2019
to
Oct 2022Jun 2021
to
Jun 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Conservative Hybrid | 0.0 | 2.9 | 87.8 | 9.3 | 0.0 | 0.0 | 0.0 | 7.8% | 7.5% | 2.9% | 14.0% |
| Bandhan Equity Savings | 0.1 | 5.7 | 90.5 | 3.7 | 0.0 | 0.0 | 0.0 | 7.6% | 7.7% | −0.6% | 14.7% |
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 01-01-2014. Past returns do not promise future returns.
Bandhan Conservative Hybrid vs Bandhan Equity Savings: 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 01-01-2014 to 30-10-2026: 154 instalments, ₹15,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Conservative HybridBandhan Conservative Hybrid Fund (Direct) | ₹15,40,000 | ₹24,36,443 | ₹8,96,443 | 6.9% |
| Bandhan Equity SavingsBandhan Equity Savings Fund (Direct) | ₹15,40,000 | ₹25,15,037 | ₹9,75,037 | 7.3% |
Bandhan Conservative HybridBandhan Conservative Hybrid Fund (Direct)
Bandhan Equity SavingsBandhan Equity Savings 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.
Bandhan Conservative Hybrid vs Bandhan Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Conservative Hybrid Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.54% | +3.37% |
| Standard deviation | 4.66% | 2.73% |
| Sharpe ratio | -0.80 | -0.69 |
| Sortino ratio | -1.07 | -0.91 |
| Maximum drawdown | −5.0% (30-03-2026) | −2.2% (30-03-2026) |
| 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 | Bandhan Conservative Hybrid Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.57% | +7.17% |
| Standard deviation | 3.85% | 2.34% |
| Sharpe ratio | 0.40 | 0.49 |
| Sortino ratio | 0.57 | 0.68 |
| Maximum drawdown | −5.0% (30-03-2026) | −2.2% (30-03-2026) |
| 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 | Bandhan Conservative Hybrid Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.60% | +6.70% |
| Standard deviation | 3.81% | 2.57% |
| Sharpe ratio | -0.05 | 0.35 |
| Sortino ratio | -0.07 | 0.48 |
| Maximum drawdown | −5.0% (17-06-2022) | −3.3% (17-06-2022) |
| 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 | Bandhan Conservative Hybrid Fund (Direct) | Bandhan Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.89% | +7.36% |
| Standard deviation | 4.56% | 4.54% |
| Sharpe ratio | 0.41 | 0.33 |
| Sortino ratio | 0.55 | 0.43 |
| Maximum drawdown | −11.4% (23-03-2020) | −17.3% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
Bandhan Conservative Hybrid Fund (Direct)
Bandhan Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Conservative Hybrid Fund (Direct) | −11.4% | 20-02-2020 | 23-03-2020 | 17-07-2020 | 4 months | −2.0% |
| Bandhan Equity Savings Fund (Direct) | −17.3% | 24-01-2020 | 23-03-2020 | 04-08-2020 | 4 months | −1.0% |
From daily values since 01-01-2014, 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.
Bandhan Conservative Hybrid Fund (Direct)
Bandhan Equity Savings 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.
Bandhan Conservative Hybrid Fund (Direct)
Bandhan Equity Savings 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.
Bandhan Conservative Hybrid Fund (Direct)
Bandhan Equity Savings Fund (Direct)
Bandhan Conservative Hybrid vs Bandhan Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Conservative Hybrid Fund, August 2026; Bandhan Equity Savings Fund, August 2026
Holdings in common
- Overlap
- 10.1%
- Held by both
- 8
- Only in Bandhan Conservative Hybrid
- 16
- Only in Bandhan Equity Savings
- 58
| Security | % of Bandhan Conservative Hybrid | % of Bandhan Equity Savings |
|---|---|---|
| 7.1% Bajaj Housing Finance Limited | 5.64% | 2.41% |
| HDFC Bank Limited | 1.79% | 3.66% |
| Titan Company Limited | 1.46% | 1.29% |
| 7.37% National Bank For Financing Infrastructure And Development | 5.68% | 1.21% |
| TVS Motor Company Limited | 0.99% | 0.95% |
| ITC Limited | 0.94% | 2.15% |
| Maruti Suzuki India Limited | 0.78% | 1.82% |
| Tata Consultancy Services Limited | 1.94% | 0.76% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.1% means 10.1% 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 Bandhan Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| Bandhan Nifty 50 ETF | 12.96% |
| 7.3% GOI (MD 19/06/2053) | 8.87% |
| 8.57% Rajasthan SDL (MD 11/07/2028) | 5.88% |
| 8.4% Godrej Industries Limited | 5.74% |
| 7.77% REC Limited | 5.74% |
Largest holdings only in Bandhan Equity Savings Fund
| Security | % of fund |
|---|---|
| Bandhan Money Market Fund -Direct Plan-Growth | 6.97% |
| 7.48% National Bank For Agriculture and Rural Development | 4.38% |
| Axis Bank Limited | 3.87% |
| Kotak Mahindra Bank Limited | 3.76% |
| Reliance Industries Limited | 3.22% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Conservative Hybrid | Bandhan Equity Savings |
|---|---|---|
| Equity | 11.2% | 65.9% |
| Debt | 68.0% | 24.9% |
| Cash and others | 20.8% | 9.2% |
Market cap of stocks
| Market cap | Bandhan Conservative Hybrid | Bandhan Equity Savings |
|---|---|---|
| Large Cap | 9.4% | 62.4% |
| Mid Cap | 1.8% | 3.5% |
| Small Cap | 0.0% | 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 | Bandhan Conservative Hybrid | Bandhan Equity Savings |
|---|---|---|
| Banks | 1.8% | 20.1% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.3% |
| Automobiles | 1.8% | 3.6% |
| Petroleum Products | 0.0% | 3.2% |
| Cement & Cement Products | 0.0% | 3.1% |
| Construction | 0.0% | 3.0% |
| IT - Software | 1.9% | 2.7% |
| Finance | 1.5% | 2.7% |
| Consumer Durables | 1.5% | 2.1% |
| Auto Components | 1.8% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Conservative Hybrid vs Bandhan Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Conservative Hybrid Fund | Bandhan Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.63% |
| Base expense ratio (Direct) | 0.74% | 0.15% |
| Total expense ratio (Regular) | 1.96% | 1.54% |
| Base expense ratio (Regular) | 1.67% | 0.93% |
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 Bandhan Conservative Hybrid with
- Bandhan Conservative Hybrid vs Parag Parikh Conservative Hybrid
- Bandhan Conservative Hybrid vs HSBC Conservative Hybrid
- Bandhan Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Bandhan Conservative Hybrid vs Nippon India Conservative Hybrid
- Bandhan Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Bandhan Conservative Hybrid Fund vs Bandhan Equity Savings Fund: Frequently Asked Questions
What is the difference between Bandhan Conservative Hybrid Fund and Bandhan Equity Savings Fund?
Bandhan Conservative Hybrid Fund is a Conservative Hybrid fund, Bandhan Equity Savings Fund is an Equity Savings fund, run by Bandhan Mutual Fund. Their portfolios overlap 10.1%. Bandhan Conservative Hybrid Fund charges 0.89% a year and Bandhan Equity Savings Fund 0.63%.
Which has given higher returns, Bandhan Conservative Hybrid Fund or Bandhan Equity Savings Fund?
Over 1 year: Bandhan Conservative Hybrid Fund +1.54%, Bandhan Equity Savings Fund +3.37%. Over 3 years: Bandhan Conservative Hybrid Fund +7.57% a year, Bandhan Equity Savings Fund +7.17% a year. Over 5 years: Bandhan Conservative Hybrid Fund +5.60% a year, Bandhan Equity Savings Fund +6.70% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Conservative Hybrid Fund or Bandhan Equity Savings Fund?
Bandhan Equity Savings Fund charges less: 0.63% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Conservative Hybrid Fund and Bandhan Equity Savings Fund overlap?
10.1%. They hold 8 of the same securities, the largest shared ones being 7.1% Bajaj Housing Finance Limited, HDFCBANK, TITAN. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Conservative Hybrid Fund or Bandhan Equity Savings Fund?
On SEBI's riskometer, Bandhan Conservative Hybrid Fund is rated Moderately High and Bandhan Equity Savings Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 3.85% and 2.34% a year.
Which is better for SIP, Bandhan Conservative Hybrid Fund or Bandhan Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,08,586 in Bandhan Conservative Hybrid Fund (XIRR 5.8% a year) and ₹7,22,327 in Bandhan Equity Savings Fund (XIRR 6.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Conservative Hybrid Fund and Bandhan Equity Savings Fund?
Yes. 10.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Conservative Hybrid Fund and Bandhan Equity Savings Fund?
Bandhan Conservative Hybrid Fund: Harshal Joshi, Viraj Kulkarni. Bandhan Equity Savings Fund: Kapil Kankonkar, Viraj Kulkarni, Harshal Joshi, Ritika Behera, Gaurav Satra, Brijesh Shah.
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.