DSP Conservative Hybrid Fund vs UTI - Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Conservative Hybrid Fund is a Conservative Hybrid fund and UTI - Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, DSP Conservative Hybrid Fund (Direct) returned 8.2% a year and UTI - Equity Savings Fund (Direct) returned 8.1% a year. DSP Conservative Hybrid Fund charges 0.64% a year and UTI - Equity Savings Fund 1.04% (Direct plans). Their portfolios overlap 25.0%: they hold 18 of the same securities.
DSP Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.2%
- Expense ratio
- 0.64%
- NAV
- ₹68.34
UTI - Equity Savings Fund
Equity Savings
- 3 year return
- 8.1%
- Expense ratio
- 1.04%
- NAV
- ₹20.08
Which is better, DSP Conservative Hybrid or UTI - 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.
- UTI - Equity Savings returned more over 5 years: 8.3% a year against 7.4%.
- DSP Conservative Hybrid returned more over 3 years: 8.2% a year against 8.1%.
- DSP Conservative Hybrid costs less: 0.64% a year against 1.04% (Direct plans).
- DSP Conservative Hybrid swung less over 3 years: a standard deviation of 3.2% a year against 4.4%.
- DSP Conservative Hybrid fell less in its worst fall since 31-08-2018: −12.0% against −13.8%.
- UTI - Equity Savings holds more in large companies: 62.0% of the fund in large caps against 15.4%.
- UTI - Equity Savings is the larger fund: ₹804 Cr against ₹175 Cr.
- Their portfolios overlap 25.0%: 18 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 - Equity Savings Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | Conservative Hybrid | Equity Savings |
| AUM | ₹175 Cr (30-09-2026) | ₹804 Cr (30-09-2026) |
| NAV | ₹68.34 (Direct) | ₹20.08 (Direct) |
| Expense ratio (Direct) | 0.64% | 1.04% |
| Expense ratio (Regular) | 1.25% | 2.06% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | CRISIL Equity Savings Index |
| Launch date | 11-06-2004 | 30-08-2018 |
| Minimum investment | ₹100 | Regular Plan-Quarterly Reinvestment of IDCW- Rs.5000, Regular Plan-Quarterly Payout of IDCW- Rs.5000, Direct Plan-Quarterly Reinvestment of IDCW- Rs.5000, Direct Plan-Quarterly Payout of IDCW- Rs.5000, Regular Plan-Monthly Reinvestment of IDCW- Rs.5000, R |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Shantanu Godambe | Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Exit load of 1%, if redeemed within 30 days. |
DSP Conservative Hybrid vs UTI - 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% |
| UTI - Equity Savings Fund (Direct) | +0.33% | −1.35% | +0.15% | +0.72% | +8.11% | +8.28% | -- |
| 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% | -- |
Category average: the average of the 18 Conservative Hybrid funds and the 23 Equity Savings funds, same plan type.
DSP Conservative Hybrid vs UTI - Equity Savings: Year-wise Returns
| Year | DSP Conservative HybridDSP Conservative Hybrid | UTI - Equity SavingsUTI - Equity Savings |
|---|---|---|
| 2026to date | +0.64% | −1.18% |
| 2025 | +7.95% | +9.55% |
| 2024 | +11.66% | +10.14% |
| 2023 | +12.69% | +16.68% |
| 2022 | +4.21% | +7.21% |
| 2021 | +9.53% | +14.98% |
DSP Conservative Hybrid vs UTI - Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,251 of them, one for each trading day from 31-08-2021 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 - Equity Savings Fund (Direct)
to
Jan 2022Dec 2019
to
Dec 2022Nov 2020
to
Nov 2023Sept 2021
to
Sept 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 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 | 72.0 | 28.0 | 0.0 | 0.0 | 0.0 | 9.4% | 9.3% | 7.2% | 12.1% |
| UTI - Equity Savings | 0.0 | 0.0 | 15.5 | 82.9 | 1.7 | 0.0 | 0.0 | 11.5% | 11.4% | 7.5% | 16.2% |
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 31-08-2018. Past returns do not promise future returns.
DSP Conservative Hybrid vs UTI - 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 01-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Conservative HybridDSP Conservative Hybrid Fund (Direct) | ₹9,90,000 | ₹13,83,088 | ₹3,93,088 | 7.9% |
| UTI - Equity SavingsUTI - Equity Savings Fund (Direct) | ₹9,90,000 | ₹14,51,351 | ₹4,61,351 | 9.1% |
DSP Conservative HybridDSP Conservative Hybrid Fund (Direct)
UTI - Equity SavingsUTI - 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.
DSP Conservative Hybrid vs UTI - Equity Savings: 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 - Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.82% | +0.72% |
| Standard deviation | 3.37% | 5.20% |
| Sharpe ratio | -1.02 | -0.87 |
| Sortino ratio | -1.38 | -1.16 |
| Maximum drawdown | −3.2% (30-03-2026) | −4.9% (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 - Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.24% | +8.11% |
| Standard deviation | 3.21% | 4.43% |
| Sharpe ratio | 0.69 | 0.47 |
| Sortino ratio | 0.97 | 0.67 |
| Maximum drawdown | −3.2% (30-03-2026) | −4.9% (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 - Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.41% | +8.28% |
| Standard deviation | 3.27% | 4.78% |
| Sharpe ratio | 0.49 | 0.52 |
| Sortino ratio | 0.69 | 0.73 |
| Maximum drawdown | −4.5% (16-06-2022) | −5.1% (20-06-2022) |
| 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 | DSP Conservative Hybrid Fund (Direct) | UTI - Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.20% | +8.90% |
| Standard deviation | 4.26% | 5.72% |
| Sharpe ratio | 0.51 | 0.64 |
| Sortino ratio | 0.67 | 0.87 |
| Maximum drawdown | −12.0% (23-03-2020) | −13.8% (23-03-2020) |
| 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 - Equity Savings 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) | −12.0% | 13-02-2020 | 23-03-2020 | 17-07-2020 | 4 months | −1.6% |
| UTI - Equity Savings Fund (Direct) | −13.8% | 24-01-2020 | 23-03-2020 | 10-08-2020 | 5 months | −2.4% |
From daily values since 31-08-2018, 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 - 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.
DSP Conservative Hybrid Fund (Direct)
UTI - 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.
DSP Conservative Hybrid Fund (Direct)
UTI - Equity Savings Fund (Direct)
DSP Conservative Hybrid vs UTI - Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Conservative Hybrid Fund, September 2026; UTI - Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 25.0%
- Held by both
- 18
- Only in DSP Conservative Hybrid
- 32
- Only in UTI - Equity Savings
- 35
| Security | % of DSP Conservative Hybrid | % of UTI - Equity Savings |
|---|---|---|
| 7.32% GOI 13112030 | 11.91% | 8.21% |
| HDFC Bank Limited | 2.71% | 4.65% |
| 7.06% GOI 10042028 | 5.95% | 2.51% |
| ICICI Bank Limited | 1.82% | 3.17% |
| ITC Limited | 1.12% | 1.38% |
| Mahindra & Mahindra Limited | 1.08% | 3.81% |
| Indus Towers Limited | 0.82% | 1.27% |
| Kotak Mahindra Bank Limited | 0.81% | 3.65% |
| Axis Bank Limited | 0.76% | 5.13% |
| Oil & Natural Gas Corporation Limited | 0.75% | 0.85% |
| SBI Life Insurance Co Limited | 0.72% | 1.10% |
| NTPC Limited | 0.99% | 0.68% |
| Cipla Limited | 0.78% | 0.68% |
| Hero MotoCorp Limited | 0.65% | 0.82% |
| Maruti Suzuki India Limited | 0.63% | 2.17% |
| Infosys Limited | 0.45% | 1.04% |
| Knowledge Realty Trust | 0.31% | 0.99% |
| Life Insurance Corporation Of India | 0.26% | 0.80% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.0% means 25.0% 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% |
| 6.48% GOI 06102035 | 5.63% |
| Small Industries Development Bank of India | 5.58% |
| IDFC First Bank Limited | 5.57% |
Largest holdings only in UTI - Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.04% GSEC MAT- 03/06/2029 | 5.85% |
| EQ - GRASIM INDUSTRIES LTD. | 3.43% |
| EQ - BHARTI AIRTEL LTD. | 3.33% |
| EQ - STATE BANK OF INDIA | 3.27% |
| EQ - RELIANCE INDUSTRIES LTD. | 2.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Conservative Hybrid | UTI - Equity Savings |
|---|---|---|
| Equity | 21.2% | 66.0% |
| Debt | 76.5% | 16.6% |
| Cash and others | 2.3% | 17.4% |
Market cap of stocks
| Market cap | DSP Conservative Hybrid | UTI - Equity Savings |
|---|---|---|
| Large Cap | 15.4% | 62.0% |
| Mid Cap | 3.0% | 3.7% |
| Small Cap | 2.8% | 0.0% |
| Not on AMFI's list | 0.0% | 0.3% |
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 - Equity Savings |
|---|---|---|
| Banks | 6.1% | 20.9% |
| Automobiles | 2.4% | 7.5% |
| Telecom - Services | 0.8% | 4.6% |
| Finance | 0.0% | 4.2% |
| Cement & Cement Products | 0.0% | 3.4% |
| IT - Software | 0.5% | 3.4% |
| Insurance | 2.7% | 1.9% |
| Pharmaceuticals & Biotechnology | 2.3% | 2.3% |
| Diversified FMCG | 1.1% | 1.4% |
| Consumer Durables | 1.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Conservative Hybrid vs UTI - Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Conservative Hybrid Fund | UTI - Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 1.04% |
| Base expense ratio (Direct) | 0.51% | 0.62% |
| Total expense ratio (Regular) | 1.25% | 2.06% |
| Base expense ratio (Regular) | 1.04% | 1.52% |
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 UTI - Equity Savings Fund: Frequently Asked Questions
What is the difference between DSP Conservative Hybrid Fund and UTI - Equity Savings Fund?
DSP Conservative Hybrid Fund is a Conservative Hybrid fund, UTI - Equity Savings Fund is an Equity Savings fund, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 25.0%. DSP Conservative Hybrid Fund charges 0.64% a year and UTI - Equity Savings Fund 1.04%.
Which has given higher returns, DSP Conservative Hybrid Fund or UTI - Equity Savings Fund?
Over 1 year: DSP Conservative Hybrid Fund +1.82%, UTI - Equity Savings Fund +0.72%. Over 3 years: DSP Conservative Hybrid Fund +8.24% a year, UTI - Equity Savings Fund +8.11% a year. Over 5 years: DSP Conservative Hybrid Fund +7.41% a year, UTI - Equity Savings Fund +8.28% 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 - Equity Savings Fund?
DSP Conservative Hybrid Fund charges less: 0.64% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Conservative Hybrid Fund and UTI - Equity Savings Fund overlap?
25.0%. They hold 18 of the same securities, the largest shared ones being 7.32% GOI 13112030, HDFCBANK, 7.06% GOI 10042028. From each fund's latest monthly portfolio.
Which is riskier, DSP Conservative Hybrid Fund or UTI - Equity Savings Fund?
On SEBI's riskometer, DSP Conservative Hybrid Fund is rated Moderately High and UTI - Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 3.21% and 4.43% a year.
Which is better for SIP, DSP Conservative Hybrid Fund or UTI - Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,32,394 in DSP Conservative Hybrid Fund (XIRR 7.1% a year) and ₹7,37,975 in UTI - Equity Savings Fund (XIRR 7.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Conservative Hybrid Fund and UTI - Equity Savings Fund?
Yes. 25.0% 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 - Equity Savings Fund?
DSP Conservative Hybrid Fund: Abhishek Singh, Shantanu Godambe. UTI - Equity Savings Fund: Anurag Mittal FM 1, V Srivatsa FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.