DSP Medium Term Fund vs Sundaram Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Medium Term Fund is a Medium Duration fund and Sundaram Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, DSP Medium Term Fund (Direct) returned 6.7% a year and Sundaram Conservative Hybrid Fund (Direct) returned 5.4% a year. DSP Medium Term Fund charges 0.41% a year and Sundaram Conservative Hybrid Fund 1.14% (Direct plans). Their portfolios overlap 14.4%: they hold 2 of the same securities.
DSP Medium Term Fund
Medium Duration
- 3 year return
- 6.7%
- Expense ratio
- 0.41%
- NAV
- ₹91.45
Sundaram Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 5.4%
- Expense ratio
- 1.14%
- NAV
- ₹32.36
Which is better, DSP Medium Term or Sundaram Conservative Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Medium Term returned more over 5 years: 6.0% a year against 5.1%.
- DSP Medium Term returned more over 3 years: 6.7% a year against 5.4%.
- DSP Medium Term costs less: 0.41% a year against 1.14% (Direct plans).
- DSP Medium Term swung less over 3 years: a standard deviation of 1.2% a year against 3.4%.
- DSP Medium Term fell less in its worst fall since 08-01-2013: −5.4% against −12.6%.
- DSP Medium Term is the larger fund: ₹249 Cr against ₹18 Cr.
- Their portfolios overlap 14.4%: 2 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 Medium Term Fund | Sundaram Conservative Hybrid Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Sundaram Mutual Fund |
| Category | Medium Duration | Conservative Hybrid |
| AUM | ₹249 Cr (30-09-2026) | ₹18 Cr (30-09-2026) |
| NAV | ₹91.45 (Direct) | ₹32.36 (Direct) |
| Expense ratio (Direct) | 0.41% | 1.14% |
| Expense ratio (Regular) | 0.74% | 1.89% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Medium Duration Debt A-III Index | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 29-04-1997 | 08-03-2010 |
| Minimum investment | ₹100 | For first investment - Rs.5000/- |
| Lock in | None | None |
| Fund managers | Vivek Ramakrishnan, Karan Mundhra | Kumaresh Ramakrishnan, Bharath |
| Exit load | Nil | NIL |
DSP Medium Term vs Sundaram Conservative Hybrid: 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 Medium Term Fund (Direct) | −0.61% | −1.06% | +1.62% | +2.91% | +6.69% | +5.96% | +5.84% |
| Sundaram Conservative Hybrid Fund (Direct) | +0.16% | −1.52% | +0.19% | −1.40% | +5.41% | +5.09% | +6.19% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 13 Medium Duration funds and the 18 Conservative Hybrid funds, same plan type.
DSP Medium Term vs Sundaram Conservative Hybrid: Year-wise Returns
| Year | DSP Medium TermDSP Medium Term | Sundaram Conservative HybridSundaram Conservative Hybrid |
|---|---|---|
| 2026to date | +2.38% | −2.51% |
| 2025 | +8.20% | +5.21% |
| 2024 | +7.99% | +9.14% |
| 2023 | +7.43% | +10.14% |
| 2022 | +3.25% | +3.75% |
| 2021 | +3.83% | +15.39% |
DSP Medium Term vs Sundaram Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,623 of them, one for each trading day from 08-01-2016 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 Medium Term Fund (Direct)
Sundaram Conservative Hybrid Fund (Direct)
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Medium Term | 0.0 | 11.0 | 77.4 | 11.6 | 0.0 | 0.0 | 0.0 | 6.9% | 6.1% | 3.5% | 12.8% |
| Sundaram Conservative Hybrid | 0.0 | 16.2 | 60.3 | 21.0 | 2.6 | 0.0 | 0.0 | 8.4% | 8.5% | 0.7% | 16.1% |
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 08-01-2013. Past returns do not promise future returns.
DSP Medium Term vs Sundaram Conservative Hybrid: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Medium TermDSP Medium Term Fund (Direct) | ₹16,60,000 | ₹26,20,189 | ₹9,60,189 | 6.3% |
| Sundaram Conservative HybridSundaram Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹27,28,851 | ₹10,68,851 | 6.9% |
DSP Medium TermDSP Medium Term Fund (Direct)
Sundaram Conservative HybridSundaram Conservative Hybrid 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 Medium Term vs Sundaram Conservative Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Medium Term Fund (Direct) | Sundaram Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.91% | −1.40% |
| Standard deviation | 1.56% | 3.41% |
| Sharpe ratio | -1.50 | -1.95 |
| Sortino ratio | -2.08 | -2.43 |
| Maximum drawdown | −1.5% (27-10-2026) | −4.2% (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 | DSP Medium Term Fund (Direct) | Sundaram Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.69% | +5.41% |
| Standard deviation | 1.22% | 3.36% |
| Sharpe ratio | 0.54 | -0.18 |
| Sortino ratio | 0.80 | -0.25 |
| Maximum drawdown | −1.5% (27-10-2026) | −4.2% (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 | DSP Medium Term Fund (Direct) | Sundaram Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.96% | +5.09% |
| Standard deviation | 1.34% | 3.32% |
| Sharpe ratio | 0.12 | -0.21 |
| Sortino ratio | 0.16 | -0.29 |
| Maximum drawdown | −1.8% (06-05-2022) | −4.2% (30-03-2026) |
| 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 Medium Term Fund (Direct) | Sundaram Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.83% | +7.46% |
| Standard deviation | 2.76% | 4.94% |
| Sharpe ratio | 0.28 | 0.29 |
| Sortino ratio | 0.35 | 0.38 |
| Maximum drawdown | −5.4% (19-08-2013) | −12.6% (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.
DSP Medium Term Fund (Direct)
Sundaram Conservative Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Medium Term Fund (Direct) | −5.4% | 27-05-2013 | 19-08-2013 | 22-04-2014 | 8 months | −1.4% |
| Sundaram Conservative Hybrid Fund (Direct) | −12.6% | 03-06-2019 | 23-03-2020 | 21-07-2020 | 4 months | −2.6% |
From daily values since 08-01-2013, 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 Medium Term Fund (Direct)
Sundaram Conservative Hybrid 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 Medium Term Fund (Direct)
Sundaram Conservative Hybrid 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 Medium Term Fund (Direct)
Sundaram Conservative Hybrid Fund (Direct)
DSP Medium Term vs Sundaram Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Medium Term Fund, September 2026; Sundaram Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 14.4%
- Held by both
- 2
- Only in DSP Medium Term
- 9
- Only in Sundaram Conservative Hybrid
- 27
| Security | % of DSP Medium Term | % of Sundaram Conservative Hybrid |
|---|---|---|
| 6.36% GOI 16022031 | 13.91% | 21.42% |
| SBI Funds Management Pvt Limited/Fund Parent | 0.46% | 0.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.4% means 14.4% 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 Medium Term Fund
| Security | % of fund |
|---|---|
| 7.13% Haryana SDL 05012032 | 13.99% |
| 7.72% Maharashtra SDL 01032031 | 10.22% |
| 7.73% Maharashtra SDL 29032032 | 10.12% |
| 7.30% Karnataka SDL 09022032 | 10.03% |
| 6.83% Maharashtra SDL 23062031 | 10.00% |
Largest holdings only in Sundaram Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 6.53% Government Stock - 07/09/2031 | 26.94% |
| Power Finance Corporation Ltd - 6.96% - 02/03/2028 | 5.41% |
| BAJAJ HOUSING FINANCE LTD - 7.64% - 01/07/2030 | 5.35% |
| Bajaj Finance Ltd - 8.1167% - 10/05/2027 | 2.73% |
| BAJAJ HOUSING FINANCE LTD - 7.7% - 21/05/2027 | 2.72% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Medium Term | Sundaram Conservative Hybrid |
|---|---|---|
| Equity | 0.0% | 17.8% |
| Debt | 98.0% | 64.6% |
| Cash and others | 2.0% | 17.7% |
Market cap of stocks
| Market cap | DSP Medium Term | Sundaram Conservative Hybrid |
|---|---|---|
| Large Cap | -- | 15.9% |
| Mid Cap | -- | 1.4% |
| Small Cap | -- | 0.5% |
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 Medium Term | Sundaram Conservative Hybrid |
|---|---|---|
| Banks | 0.0% | 5.1% |
| Telecom - Services | 0.0% | 2.3% |
| It - Software | 0.0% | 2.1% |
| Petroleum Products | 0.0% | 1.9% |
| Automobiles | 0.0% | 1.4% |
| Pharmaceuticals & Biotechnology | 0.0% | 0.9% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Medium Term vs Sundaram Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Medium Term Fund | Sundaram Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 1.14% |
| Base expense ratio (Direct) | 0.34% | 0.96% |
| Total expense ratio (Regular) | 0.74% | 1.89% |
| Base expense ratio (Regular) | 0.62% | 1.62% |
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 Medium Term with
Compare Sundaram Conservative Hybrid with
- Sundaram Conservative Hybrid vs Parag Parikh Conservative Hybrid
- Sundaram Conservative Hybrid vs HSBC Conservative Hybrid
- Sundaram Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Sundaram Conservative Hybrid vs Nippon India Conservative Hybrid
- Sundaram Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
DSP Medium Term Fund vs Sundaram Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between DSP Medium Term Fund and Sundaram Conservative Hybrid Fund?
DSP Medium Term Fund is a Medium Duration fund, Sundaram Conservative Hybrid Fund is a Conservative Hybrid fund, run by DSP Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 14.4%. DSP Medium Term Fund charges 0.41% a year and Sundaram Conservative Hybrid Fund 1.14%.
Which has given higher returns, DSP Medium Term Fund or Sundaram Conservative Hybrid Fund?
Over 1 year: DSP Medium Term Fund +2.91%, Sundaram Conservative Hybrid Fund −1.40%. Over 3 years: DSP Medium Term Fund +6.69% a year, Sundaram Conservative Hybrid Fund +5.41% a year. Over 5 years: DSP Medium Term Fund +5.96% a year, Sundaram Conservative Hybrid Fund +5.09% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Medium Term Fund or Sundaram Conservative Hybrid Fund?
DSP Medium Term Fund charges less: 0.41% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Medium Term Fund and Sundaram Conservative Hybrid Fund overlap?
14.4%. They hold 2 of the same securities, the largest shared ones being 6.36% GOI 16022031, SBI Funds Management Pvt Limited/Fund Parent. From each fund's latest monthly portfolio.
Which is riskier, DSP Medium Term Fund or Sundaram Conservative Hybrid Fund?
On SEBI's riskometer, DSP Medium Term Fund is rated Moderate and Sundaram Conservative Hybrid Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.22% and 3.36% a year.
Which is better for SIP, DSP Medium Term Fund or Sundaram Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,13,663 in DSP Medium Term Fund (XIRR 6.1% a year) and ₹6,82,287 in Sundaram Conservative Hybrid Fund (XIRR 4.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Medium Term Fund and Sundaram Conservative Hybrid Fund?
Yes. 14.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Medium Term Fund and Sundaram Conservative Hybrid Fund?
DSP Medium Term Fund: Vivek Ramakrishnan, Karan Mundhra. Sundaram Conservative Hybrid Fund: Kumaresh Ramakrishnan, Bharath.
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.