DSP Conservative Hybrid Fund vs Nippon India Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Conservative Hybrid Fund is a Conservative Hybrid fund and Nippon India Equity Savings Fund is a mutual fund. DSP Conservative Hybrid Fund charges 0.64% a year and Nippon India Equity Savings Fund 0.99% (Direct plans). Their portfolios overlap 17.3%: they hold 15 of the same securities.
DSP Conservative Hybrid Fund
Conservative Hybrid
- Expense ratio
- 0.64%
- NAV
- ₹68.34
Which is better, DSP Conservative Hybrid or Nippon India 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.
- DSP Conservative Hybrid costs less: 0.64% a year against 0.99% (Direct plans).
- Nippon India Equity Savings holds more in large companies: 61.3% of the fund in large caps against 15.4%.
- Nippon India Equity Savings is the larger fund: ₹744 Cr against ₹175 Cr.
- Their portfolios overlap 17.3%: 15 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 | DSP Conservative Hybrid Fund | Nippon India Equity Savings Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Nippon India Mutual Fund |
| Category | Conservative Hybrid | Not available |
| AUM | ₹175 Cr (30-09-2026) | ₹744 Cr (30-09-2026) |
| NAV | ₹68.34 (Direct) | ₹0.00 (Direct) |
| Expense ratio (Direct) | 0.64% | 0.99% |
| Expense ratio (Regular) | 1.25% | 2.04% |
| Riskometer | Moderately High | Not available |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | Not available |
| Launch date | 11-06-2004 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Abhishek Singh, Shantanu Godambe | Not available |
| Exit load | Nil | Not available |
DSP Conservative Hybrid vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| DSP Conservative Hybrid Fund (Direct) | −0.26% | −1.26% | +1.06% | +1.82% | +8.24% | +7.41% | +7.09% |
| Nippon India Equity Savings Fund (Direct) | -- | -- | -- | -- | -- | -- | -- |
| 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.
DSP Conservative Hybrid vs Nippon India Equity Savings: Year-wise Returns
| Year | DSP Conservative HybridDSP Conservative Hybrid | Nippon India Equity SavingsNippon India Equity Savings |
|---|---|---|
| 2026to date | +0.64% | -- |
| 2025 | +7.95% | -- |
| 2024 | +11.66% | -- |
| 2023 | +12.69% | -- |
| 2022 | +4.21% | -- |
| 2021 | +9.53% | -- |
DSP Conservative Hybrid vs Nippon India Equity Savings: Rolling Returns
Every holding period of both funds
DSP Conservative Hybrid vs Nippon India Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Conservative Hybrid Fund, September 2026; Nippon India Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 17.3%
- Held by both
- 15
- Only in DSP Conservative Hybrid
- 35
- Only in Nippon India Equity Savings
- 51
| Security | % of DSP Conservative Hybrid | % of Nippon India Equity Savings |
|---|---|---|
| 7.32% GOI 13112030 | 11.91% | 3.41% |
| HDFC Bank Limited | 2.71% | 7.32% |
| 7.10% GOI 18042029 | 2.97% | 2.04% |
| ICICI Bank Limited | 1.82% | 8.29% |
| ITC Limited | 1.12% | 1.87% |
| Mahindra & Mahindra Limited | 1.08% | 5.99% |
| NTPC Limited | 0.99% | 1.56% |
| Kotak Mahindra Bank Limited | 0.81% | 5.14% |
| Axis Bank Limited | 0.76% | 3.16% |
| Maruti Suzuki India Limited | 0.63% | 0.73% |
| SBI Life Insurance Co Limited | 0.72% | 0.57% |
| Infosys Limited | 0.45% | 1.27% |
| HDFC Life Insurance Co Limited | 0.70% | 0.42% |
| Knowledge Realty Trust | 0.31% | 2.10% |
| Oil & Natural Gas Corporation Limited | 0.75% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.3% means 17.3% 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 DSP Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 6.87% GOI FRB 22092033 | 8.94% |
| 7.03% Maharashtra SDL 25062038 | 8.17% |
| 7.06% GOI 10042028 | 5.95% |
| 6.48% GOI 06102035 | 5.63% |
| Small Industries Development Bank of India | 5.58% |
Largest holdings only in Nippon India Equity Savings Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 5.25% |
| Bharti Airtel Limited | 4.77% |
| Ashok Leyland Limited | 3.37% |
| Brookfield India Real Estate Trust | 3.28% |
| Mindspace Business Parks REIT | 3.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Conservative Hybrid | Nippon India Equity Savings |
|---|---|---|
| Equity | 21.2% | 67.2% |
| Debt | 76.5% | 18.2% |
| Cash and others | 2.3% | 14.6% |
Market cap of stocks
| Market cap | DSP Conservative Hybrid | Nippon India Equity Savings |
|---|---|---|
| Large Cap | 15.4% | 61.3% |
| Mid Cap | 3.0% | 5.9% |
| Small Cap | 2.8% | 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 | DSP Conservative Hybrid | Nippon India Equity Savings |
|---|---|---|
| Banks | 6.1% | 26.1% |
| Automobiles | 2.4% | 6.7% |
| Petroleum Products | 0.4% | 5.3% |
| Telecom - Services | 0.8% | 4.8% |
| Agricultural, Commercial & Construction Vehicles | 0.0% | 3.4% |
| Insurance | 2.7% | 1.7% |
| IT - Software | 0.5% | 2.5% |
| Pharmaceuticals & Biotechnology | 2.3% | 1.4% |
| Diversified FMCG | 1.1% | 2.2% |
| Consumer Durables | 1.1% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Conservative Hybrid vs Nippon India Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Conservative Hybrid Fund | Nippon India Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 0.99% |
| Base expense ratio (Direct) | 0.51% | 0.43% |
| Total expense ratio (Regular) | 1.25% | 2.04% |
| Base expense ratio (Regular) | 1.04% | 1.32% |
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 DSP Conservative Hybrid with
- DSP Conservative Hybrid vs Parag Parikh Conservative Hybrid
- DSP Conservative Hybrid vs HSBC Conservative Hybrid
- DSP Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- DSP Conservative Hybrid vs Nippon India Conservative Hybrid
- DSP Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
DSP Conservative Hybrid Fund vs Nippon India Equity Savings Fund: Frequently Asked Questions
What is the difference between DSP Conservative Hybrid Fund and Nippon India Equity Savings Fund?
DSP Conservative Hybrid Fund is a Conservative Hybrid fund, Nippon India Equity Savings Fund is a mutual fund, run by DSP Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 17.3%. DSP Conservative Hybrid Fund charges 0.64% a year and Nippon India Equity Savings Fund 0.99%.
Which has the lower expense ratio, DSP Conservative Hybrid Fund or Nippon India Equity Savings Fund?
DSP Conservative Hybrid Fund charges less: 0.64% a year against 0.99%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Conservative Hybrid Fund and Nippon India Equity Savings Fund overlap?
17.3%. They hold 15 of the same securities, the largest shared ones being 7.32% GOI 13112030, HDFCBANK, 7.10% GOI 18042029. From each fund's latest monthly portfolio.
Can I invest in both DSP Conservative Hybrid Fund and Nippon India Equity Savings Fund?
Yes. 17.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.