DSP Conservative Hybrid Fund vs UTI Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Conservative Hybrid Fund is a Conservative Hybrid fund and UTI Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, DSP Conservative Hybrid Fund (Direct) returned 8.2% a year and UTI Balanced Advantage Fund (Direct) returned 8.5% a year. DSP Conservative Hybrid Fund charges 0.64% a year and UTI Balanced Advantage Fund 0.91% (Direct plans). Their portfolios overlap 16.3%: they hold 16 of the same securities.
DSP Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.2%
- Expense ratio
- 0.64%
- NAV
- ₹68.34
UTI Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 8.5%
- Expense ratio
- 0.91%
- NAV
- ₹12.80
Which is better, DSP Conservative Hybrid or UTI Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Balanced Advantage returned more over 3 years: 8.5% a year against 8.2%.
- DSP Conservative Hybrid returned more over 1 year: 1.8% against −4.3%.
- DSP Conservative Hybrid costs less: 0.64% a year against 0.91% (Direct plans).
- DSP Conservative Hybrid swung less over 3 years: a standard deviation of 3.2% a year against 7.7%.
- DSP Conservative Hybrid fell less in its worst fall since 17-08-2023: −3.2% against −10.5%.
- UTI Balanced Advantage holds more in large companies: 57.3% of the fund in large caps against 15.4%.
- UTI Balanced Advantage is the larger fund: ₹2,856 Cr against ₹175 Cr.
- Their portfolios overlap 16.3%: 16 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 | UTI Balanced Advantage Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | Conservative Hybrid | Balanced Advantage |
| AUM | ₹175 Cr (30-09-2026) | ₹2,856 Cr (30-09-2026) |
| NAV | ₹68.34 (Direct) | ₹12.80 (Direct) |
| Expense ratio (Direct) | 0.64% | 0.91% |
| Expense ratio (Regular) | 1.25% | 2.01% |
| Riskometer | Moderately High | Very High |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 11-06-2004 | 10-08-2023 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe | "Equity - Mr. Sachin Trivedi, Debt - Mr. Anurag Mittal " |
| Exit load | Nil | Exit load of 1%, if redeemed within 90 days. |
DSP Conservative Hybrid vs UTI Balanced Advantage: 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% |
| UTI Balanced Advantage Fund (Direct) | +1.17% | −2.56% | +0.07% | −4.25% | +8.50% | -- | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 18 Conservative Hybrid funds and the 38 Balanced Advantage funds, same plan type.
DSP Conservative Hybrid vs UTI Balanced Advantage: Year-wise Returns
| Year | DSP Conservative HybridDSP Conservative Hybrid | UTI Balanced AdvantageUTI Balanced Advantage |
|---|---|---|
| 2026to date | +0.64% | −5.20% |
| 2025 | +7.95% | +10.20% |
| 2024 | +11.66% | +12.52% |
| 2023 | +12.69% | -- |
| 2022 | +4.21% | -- |
| 2021 | +9.53% | -- |
DSP Conservative Hybrid vs UTI Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 49 of them, one for each trading day from 17-08-2026 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.
DSP Conservative Hybrid Fund (Direct)
UTI Balanced Advantage Fund (Direct)
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Conservative Hybrid | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.6% | 8.6% | 8.0% | 9.2% |
| UTI Balanced Advantage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8.5% | 8.3% | 7.3% | 10.0% |
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 17-08-2023. Past returns do not promise future returns.
DSP Conservative Hybrid vs UTI Balanced Advantage: 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 01-08-2023 to 30-10-2026: 39 instalments, ₹3,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Conservative HybridDSP Conservative Hybrid Fund (Direct) | ₹3,90,000 | ₹4,26,788 | ₹36,788 | 5.5% |
| UTI Balanced AdvantageUTI Balanced Advantage Fund (Direct) | ₹3,90,000 | ₹4,14,601 | ₹24,601 | 3.7% |
DSP Conservative HybridDSP Conservative Hybrid Fund (Direct)
UTI Balanced AdvantageUTI Balanced Advantage 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.
DSP Conservative Hybrid vs UTI Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Conservative Hybrid Fund (Direct) | UTI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.82% | −4.25% |
| Standard deviation | 3.37% | 8.94% |
| Sharpe ratio | -1.02 | -1.06 |
| Sortino ratio | -1.38 | -1.43 |
| Maximum drawdown | −3.2% (30-03-2026) | −10.5% (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 | DSP Conservative Hybrid Fund (Direct) | UTI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.24% | +8.50% |
| Standard deviation | 3.21% | 7.71% |
| Sharpe ratio | 0.69 | 0.32 |
| Sortino ratio | 0.97 | 0.45 |
| Maximum drawdown | −3.2% (30-03-2026) | −10.5% (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 | DSP Conservative Hybrid Fund (Direct) | UTI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.20% | +8.17% |
| Standard deviation | 4.26% | 7.58% |
| Sharpe ratio | 0.51 | 0.28 |
| Sortino ratio | 0.67 | 0.39 |
| Maximum drawdown | −12.0% (23-03-2020) | −10.5% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2013 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.
DSP Conservative Hybrid Fund (Direct)
UTI Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Conservative Hybrid Fund (Direct) | −3.2% | 07-01-2026 | 30-03-2026 | 21-04-2026 | 22 days | −1.6% |
| UTI Balanced Advantage Fund (Direct) | −10.5% | 02-01-2026 | 30-03-2026 | Not yet | -- | −5.7% |
From daily values since 17-08-2023, 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.
DSP Conservative Hybrid Fund (Direct)
UTI Balanced Advantage 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.
DSP Conservative Hybrid Fund (Direct)
UTI Balanced Advantage Fund (Direct)
DSP Conservative Hybrid vs UTI Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Conservative Hybrid Fund, September 2026; UTI Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 16.3%
- Held by both
- 16
- Only in DSP Conservative Hybrid
- 34
- Only in UTI Balanced Advantage
- 68
| Security | % of DSP Conservative Hybrid | % of UTI Balanced Advantage |
|---|---|---|
| 7.06% GOI 10042028 | 5.95% | 3.71% |
| HDFC Bank Limited | 2.71% | 6.71% |
| ICICI Bank Limited | 1.82% | 6.61% |
| Mahindra & Mahindra Limited | 1.08% | 2.02% |
| ITC Limited | 1.12% | 1.03% |
| 7.10% GOI 08042034 | 2.94% | 0.87% |
| Kotak Mahindra Bank Limited | 0.81% | 3.37% |
| Axis Bank Limited | 0.76% | 2.91% |
| SBI Life Insurance Co Limited | 0.72% | 0.66% |
| Maruti Suzuki India Limited | 0.63% | 1.02% |
| NTPC Limited | 0.99% | 0.48% |
| Infosys Limited | 0.45% | 2.73% |
| ICICI Lombard General Insurance Co Limited | 0.44% | 0.53% |
| HDFC Life Insurance Co Limited | 0.70% | 0.37% |
| Oil & Natural Gas Corporation Limited | 0.75% | 0.27% |
| Hero MotoCorp Limited | 0.65% | 0.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.3% means 16.3% 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 |
|---|---|
| 7.32% GOI 13112030 | 11.91% |
| 6.87% GOI FRB 22092033 | 8.94% |
| 7.03% Maharashtra SDL 25062038 | 8.17% |
| 6.48% GOI 06102035 | 5.63% |
| Small Industries Development Bank of India | 5.58% |
Largest holdings only in UTI Balanced Advantage Fund
| Security | % of fund |
|---|---|
| EQ - RELIANCE INDUSTRIES LTD. | 4.29% |
| EQ - BHARTI AIRTEL LTD. | 3.50% |
| EQ - STATE BANK OF INDIA | 2.73% |
| EQ - ETERNAL LIMITED | 2.51% |
| EQ - BAJAJ FINANCE LTD. | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Conservative Hybrid | UTI Balanced Advantage |
|---|---|---|
| Equity | 21.2% | 68.7% |
| Debt | 76.5% | 25.0% |
| Cash and others | 2.3% | 6.3% |
Market cap of stocks
| Market cap | DSP Conservative Hybrid | UTI Balanced Advantage |
|---|---|---|
| Large Cap | 15.4% | 57.3% |
| Mid Cap | 3.0% | 7.3% |
| Small Cap | 2.8% | 3.1% |
| Not on AMFI's list | 0.0% | 1.0% |
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 | UTI Balanced Advantage |
|---|---|---|
| Banks | 6.1% | 23.1% |
| IT - Software | 0.5% | 5.7% |
| Automobiles | 2.4% | 4.8% |
| Petroleum Products | 0.4% | 4.3% |
| Telecom - Services | 0.8% | 3.5% |
| Consumer Durables | 1.1% | 3.3% |
| Insurance | 2.7% | 1.6% |
| Pharmaceuticals & Biotechnology | 2.3% | 2.6% |
| Diversified FMCG | 1.1% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Conservative Hybrid vs UTI Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Conservative Hybrid Fund | UTI Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 0.91% |
| Base expense ratio (Direct) | 0.51% | 0.68% |
| Total expense ratio (Regular) | 1.25% | 2.01% |
| Base expense ratio (Regular) | 1.04% | 1.68% |
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
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- DSP Conservative Hybrid vs Nippon India Conservative Hybrid
- DSP Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Compare UTI Balanced Advantage with
DSP Conservative Hybrid Fund vs UTI Balanced Advantage Fund: Frequently Asked Questions
What is the difference between DSP Conservative Hybrid Fund and UTI Balanced Advantage Fund?
DSP Conservative Hybrid Fund is a Conservative Hybrid fund, UTI Balanced Advantage Fund is a Balanced Advantage fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 16.3%. DSP Conservative Hybrid Fund charges 0.64% a year and UTI Balanced Advantage Fund 0.91%.
Which has given higher returns, DSP Conservative Hybrid Fund or UTI Balanced Advantage Fund?
Over 1 year: DSP Conservative Hybrid Fund +1.82%, UTI Balanced Advantage Fund −4.25%. Over 3 years: DSP Conservative Hybrid Fund +8.24% a year, UTI Balanced Advantage Fund +8.50% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Conservative Hybrid Fund or UTI Balanced Advantage Fund?
DSP Conservative Hybrid Fund charges less: 0.64% a year against 0.91%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Conservative Hybrid Fund and UTI Balanced Advantage Fund overlap?
16.3%. They hold 16 of the same securities, the largest shared ones being 7.06% GOI 10042028, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, DSP Conservative Hybrid Fund or UTI Balanced Advantage Fund?
On SEBI's riskometer, DSP Conservative Hybrid Fund is rated Moderately High and UTI Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 3.21% and 7.71% a year.
Which is better for SIP, DSP Conservative Hybrid Fund or UTI Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,01,224 in DSP Conservative Hybrid Fund (XIRR 5.2% a year) and ₹3,89,002 in UTI Balanced Advantage Fund (XIRR 3.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP Conservative Hybrid Fund and UTI Balanced Advantage Fund?
Yes. 16.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Conservative Hybrid Fund and UTI Balanced Advantage Fund?
DSP Conservative Hybrid Fund: Abhishek Singh, Shantanu Godambe. UTI Balanced Advantage Fund: "Equity - Mr. Sachin Trivedi, Debt - Mr. Anurag Mittal ".
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.