Bandhan Conservative Hybrid Fund vs Bandhan Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Conservative Hybrid Fund is a Conservative Hybrid fund and Bandhan Retirement Fund is a Solution fund. In the 3 years to 30-10-2026, Bandhan Conservative Hybrid Fund (Direct) returned 7.6% a year and Bandhan Retirement Fund (Direct) returned 9.1% a year. Bandhan Conservative Hybrid Fund charges 0.89% a year and Bandhan Retirement Fund 1.03% (Direct plans). Their portfolios overlap 16.7%: 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 Retirement Fund
Solution
- 3 year return
- 9.1%
- Expense ratio
- 1.03%
- NAV
- ₹12.80
Which is better, Bandhan Conservative Hybrid or Bandhan Retirement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Retirement returned more over 3 years: 9.1% a year against 7.6%.
- Bandhan Conservative Hybrid returned more over 1 year: 1.5% against −3.5%.
- Bandhan Conservative Hybrid costs less: 0.89% a year against 1.03% (Direct plans).
- Bandhan Conservative Hybrid swung less over 3 years: a standard deviation of 3.8% a year against 8.3%.
- Bandhan Conservative Hybrid fell less in its worst fall since 19-10-2023: −5.0% against −9.8%.
- Bandhan Retirement holds more in large companies: 56.2% of the fund in large caps against 9.4%.
- Bandhan Retirement is the larger fund: ₹182 Cr against ₹87 Cr.
- Their portfolios overlap 16.7%: 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 Retirement Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Bandhan Mutual Fund |
| Category | Conservative Hybrid | Solution |
| AUM | ₹87 Cr (31-08-2026) | ₹182 Cr (31-08-2026) |
| NAV | ₹36.97 (Direct) | ₹12.80 (Direct) |
| Expense ratio (Direct) | 0.89% | 1.03% |
| Expense ratio (Regular) | 1.96% | 2.62% |
| Riskometer | Moderately High | Very High |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 25-02-2010 | 13-10-2023 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Harshal Joshi, Viraj Kulkarni | Vishal Biraia, Gautam Kaul, Viraj Kulkarni, 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. | Nil |
Bandhan Conservative Hybrid vs Bandhan Retirement: 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 Retirement Fund (Direct) | +0.47% | −3.64% | −1.17% | −3.52% | +9.08% | -- | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 18 Conservative Hybrid funds, same plan type.
Bandhan Conservative Hybrid vs Bandhan Retirement: Year-wise Returns
| Year | Conservative HybridBandhan Conservative Hybrid | RetirementBandhan Retirement |
|---|---|---|
| 2026to date | +0.38% | −4.29% |
| 2025 | +7.74% | +8.38% |
| 2024 | +8.73% | +14.67% |
| 2023 | +10.48% | -- |
| 2022 | +1.09% | -- |
| 2021 | +7.02% | -- |
Bandhan Conservative Hybrid vs Bandhan Retirement: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 498 of them, one for each trading day from 21-10-2024 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.
Bandhan Conservative Hybrid Fund (Direct)
Bandhan Retirement Fund (Direct)
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Conservative Hybrid | 0.0 | 33.5 | 53.2 | 13.1 | 0.2 | 0.0 | 0.0 | 6.4% | 6.6% | 0.6% | 15.3% |
| Bandhan Retirement | 7.1 | 33.8 | 41.7 | 7.7 | 4.7 | 3.8 | 1.2 | 6.9% | 6.1% | −4.5% | 25.5% |
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 19-10-2023. Past returns do not promise future returns.
Bandhan Conservative Hybrid vs Bandhan Retirement: 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 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Conservative HybridBandhan Conservative Hybrid Fund (Direct) | ₹3,70,000 | ₹3,96,950 | ₹26,950 | 4.5% |
| Bandhan RetirementBandhan Retirement Fund (Direct) | ₹3,70,000 | ₹3,87,963 | ₹17,963 | 3.0% |
Bandhan Conservative HybridBandhan Conservative Hybrid Fund (Direct)
Bandhan RetirementBandhan Retirement 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 Retirement: 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 Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.54% | −3.52% |
| Standard deviation | 4.66% | 8.91% |
| Sharpe ratio | -0.80 | -0.98 |
| Sortino ratio | -1.07 | -1.32 |
| Maximum drawdown | −5.0% (30-03-2026) | −9.8% (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 Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.57% | +9.08% |
| Standard deviation | 3.85% | 8.35% |
| Sharpe ratio | 0.40 | 0.37 |
| Sortino ratio | 0.57 | 0.50 |
| Maximum drawdown | −5.0% (30-03-2026) | −9.8% (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 Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.89% | +8.50% |
| Standard deviation | 4.56% | 8.34% |
| Sharpe ratio | 0.41 | 0.30 |
| Sortino ratio | 0.55 | 0.40 |
| Maximum drawdown | −11.4% (23-03-2020) | −9.8% (30-03-2026) |
| 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 Retirement 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) | −5.0% | 12-12-2025 | 30-03-2026 | 03-08-2026 | 4 months | −2.0% |
| Bandhan Retirement Fund (Direct) | −9.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −5.0% |
From daily values since 19-10-2023, 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 Retirement 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 Retirement Fund (Direct)
Bandhan Conservative Hybrid vs Bandhan Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Conservative Hybrid Fund, August 2026; Bandhan Retirement Fund, August 2026
Holdings in common
- Overlap
- 16.7%
- Held by both
- 8
- Only in Bandhan Conservative Hybrid
- 16
- Only in Bandhan Retirement
- 47
| Security | % of Bandhan Conservative Hybrid | % of Bandhan Retirement |
|---|---|---|
| 7.3% GOI (MD 19/06/2053) | 8.87% | 21.31% |
| HDFC Bank Limited | 1.79% | 4.09% |
| Titan Company Limited | 1.46% | 3.91% |
| Tata Consultancy Services Limited | 1.94% | 1.32% |
| Cholamandalam Investment and Finance Company Ltd | 1.53% | 1.15% |
| ITC Limited | 0.94% | 1.40% |
| Maruti Suzuki India Limited | 0.78% | 1.79% |
| UNO Minda Limited | 1.80% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.7% means 16.7% 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% |
| 8.57% Rajasthan SDL (MD 11/07/2028) | 5.88% |
| 8.4% Godrej Industries Limited | 5.74% |
| 7.77% REC Limited | 5.74% |
| 7.75% LIC Housing Finance Limited | 5.73% |
Largest holdings only in Bandhan Retirement Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 5.45% |
| Reliance Industries Limited | 5.08% |
| ICICI Bank Limited | 4.80% |
| Larsen & Toubro Limited | 3.81% |
| Kotak Mahindra Bank Limited | 3.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Conservative Hybrid | Bandhan Retirement |
|---|---|---|
| Equity | 11.2% | 72.1% |
| Debt | 68.0% | 21.3% |
| Cash and others | 20.8% | 6.6% |
Market cap of stocks
| Market cap | Bandhan Conservative Hybrid | Bandhan Retirement |
|---|---|---|
| Large Cap | 9.4% | 56.2% |
| Mid Cap | 1.8% | 11.1% |
| Small Cap | 0.0% | 4.8% |
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 Retirement |
|---|---|---|
| Banks | 1.8% | 16.7% |
| Telecom - Services | 0.0% | 5.5% |
| Petroleum Products | 0.0% | 5.1% |
| Consumer Durables | 1.5% | 4.9% |
| Construction | 0.0% | 3.8% |
| IT - Software | 1.9% | 3.8% |
| Automobiles | 1.8% | 3.4% |
| Finance | 1.5% | 2.9% |
| Auto Components | 1.8% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Conservative Hybrid vs Bandhan Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Conservative Hybrid Fund | Bandhan Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 1.03% |
| Base expense ratio (Direct) | 0.74% | 0.73% |
| Total expense ratio (Regular) | 1.96% | 2.62% |
| Base expense ratio (Regular) | 1.67% | 2.10% |
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 Retirement Fund: Frequently Asked Questions
What is the difference between Bandhan Conservative Hybrid Fund and Bandhan Retirement Fund?
Bandhan Conservative Hybrid Fund is a Conservative Hybrid fund, Bandhan Retirement Fund is a Solution fund, run by Bandhan Mutual Fund. Their portfolios overlap 16.7%. Bandhan Conservative Hybrid Fund charges 0.89% a year and Bandhan Retirement Fund 1.03%.
Which has given higher returns, Bandhan Conservative Hybrid Fund or Bandhan Retirement Fund?
Over 1 year: Bandhan Conservative Hybrid Fund +1.54%, Bandhan Retirement Fund −3.52%. Over 3 years: Bandhan Conservative Hybrid Fund +7.57% a year, Bandhan Retirement Fund +9.08% 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 Retirement Fund?
Bandhan Conservative Hybrid Fund charges less: 0.89% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Conservative Hybrid Fund and Bandhan Retirement Fund overlap?
16.7%. They hold 8 of the same securities, the largest shared ones being 7.3% GOI (MD 19/06/2053), HDFCBANK, TITAN. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Conservative Hybrid Fund or Bandhan Retirement Fund?
On SEBI's riskometer, Bandhan Conservative Hybrid Fund is rated Moderately High and Bandhan Retirement Fund Very High. Over 3 years, the standard deviation of daily returns was 3.85% and 8.35% a year.
Which is better for SIP, Bandhan Conservative Hybrid Fund or Bandhan Retirement Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,96,950 in Bandhan Conservative Hybrid Fund (XIRR 4.5% a year) and ₹3,87,963 in Bandhan Retirement Fund (XIRR 3.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Conservative Hybrid Fund and Bandhan Retirement Fund?
Yes. 16.7% 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 Retirement Fund?
Bandhan Conservative Hybrid Fund: Harshal Joshi, Viraj Kulkarni. Bandhan Retirement Fund: Vishal Biraia, Gautam Kaul, Viraj Kulkarni, 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.