HDFC BSE REITS and Commercial Real Estate Index Fund vs Parag Parikh Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC BSE REITS and Commercial Real Estate Index Fund is an Index fund and Parag Parikh Conservative Hybrid Fund is a Conservative Hybrid fund. HDFC BSE REITS and Commercial Real Estate Index Fund charges 5.45% a year and Parag Parikh Conservative Hybrid Fund 0.32% (Direct plans). Their portfolios overlap 12.4%: they hold 3 of the same securities.
HDFC BSE REITS and Commercial Real Estate Index Fund
Index
- Expense ratio
- 5.45%
- NAV
- ₹9.45
Parag Parikh Conservative Hybrid Fund
Conservative Hybrid
- Expense ratio
- 0.32%
- NAV
- ₹15.85
Which is better, HDFC BSE REITS and Commercial Real Estate Index or Parag Parikh 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.
- Parag Parikh Conservative Hybrid costs less: 0.32% a year against 5.45% (Direct plans).
- Parag Parikh Conservative Hybrid fell less in its worst fall since 15-09-2026: −2.0% against −6.8%.
- Parag Parikh Conservative Hybrid is the larger fund: ₹3,454 Cr against ₹32 Cr.
- Their portfolios overlap 12.4%: 3 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 | HDFC BSE REITS and Commercial Real Estate Index Fund | Parag Parikh Conservative Hybrid Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | PPFAS Mutual Fund |
| Category | Index | Conservative Hybrid |
| AUM | ₹32 Cr (30-09-2026) | ₹3,454 Cr (30-09-2026) |
| NAV | ₹9.45 (Direct) | ₹15.85 (Direct) |
| Expense ratio (Direct) | 5.45% | 0.32% |
| Expense ratio (Regular) | 6.08% | 0.67% |
| Riskometer | Very High | Moderately High |
| Benchmark | BSE REITS and Commercial Real Estate TRI | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 22-09-2026 | 26-05-2021 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nandita Menezes, Arun Agarwal | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Mansi Kariya |
| Exit load | In respect of each purchase / switch-in of Units, an Exit Load of 0.50% is payable if Units are redeemed / switched-out within 3 months from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out on or after 3 months from the date of allotment. | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh 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 |
|---|---|---|---|---|---|---|---|
| HDFC BSE REITS and Commercial Real Estate Index Fund (Direct) | −4.33% | -- | -- | -- | -- | -- | -- |
| Parag Parikh Conservative Hybrid Fund (Direct) | −1.26% | −1.85% | +0.31% | +1.84% | +8.72% | +8.79% | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | -- |
Category average: the average of the 18 Conservative Hybrid funds, same plan type.
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Conservative Hybrid: Year-wise Returns
| Year | HDFC BSE REITS and Commercial Real Estate IndexHDFC BSE REITS and Commercial Real Estate Index | Parag Parikh Conservative HybridParag Parikh Conservative Hybrid |
|---|---|---|
| 2026to date | -- | +1.59% |
| 2025 | -- | +7.75% |
| 2024 | -- | +12.83% |
| 2023 | -- | +14.03% |
| 2022 | -- | +7.87% |
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Conservative Hybrid: Rolling Returns
Every holding period of both funds, against BSE REITS and Commercial Real Estate TRI, the benchmark of HDFC BSE REITS and Commercial Real Estate Index Fund
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Conservative Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC BSE REITS and Commercial Real Estate Index Fund (Direct) | Parag Parikh Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −37.06% | +8.86% |
| Standard deviation | 10.60% | 2.91% |
| Sharpe ratio | -4.01 | 1.12 |
| Sortino ratio | -4.23 | 1.61 |
| Maximum drawdown | −6.8% (23-10-2026) | −2.5% (23-10-2026) |
| Beta | 0.75 | -- |
| Alpha | −19.38% | -- |
From daily NAVs, 15-09-2026 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.
HDFC BSE REITS and Commercial Real Estate Index Fund (Direct)
Parag Parikh Conservative Hybrid Fund (Direct)
BSE REITS and Commercial Real Estate TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC BSE REITS and Commercial Real Estate Index Fund (Direct) | −6.8% | 15-09-2026 | 23-10-2026 | Not yet | -- | −5.5% |
| Parag Parikh Conservative Hybrid Fund (Direct) | −2.0% | 22-09-2026 | 23-10-2026 | Not yet | -- | −1.7% |
| BSE REITS and Commercial Real Estate TRI | −6.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −5.5% |
From daily values since 15-09-2026, the first day every fund has.
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC BSE REITS and Commercial Real Estate Index Fund, September 2026; Parag Parikh Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 12.4%
- Held by both
- 3
- Only in HDFC BSE REITS and Commercial Real Estate Index
- 11
- Only in Parag Parikh Conservative Hybrid
- 75
| Security | % of HDFC BSE REITS and Commercial Real Estate Index | % of Parag Parikh Conservative Hybrid |
|---|---|---|
| BROOKFIELD INDIA REAL ESTATE TRUST | 15.85% | 5.06% |
| Embassy Office Parks REIT | 20.29% | 5.01% |
| KNOWLEDGE REALTY TRUST | 4.23% | 2.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.4% means 12.4% 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 HDFC BSE REITS and Commercial Real Estate Index Fund
| Security | % of fund |
|---|---|
| Nexus Select Trust REIT | 13.84% |
| The Phoenix Mills Limited | 12.01% |
| Prestige Estates Projects Ltd. | 8.25% |
| Mindspace Business Parks REIT | 7.67% |
| Oberoi Realty Ltd. | 6.85% |
Largest holdings only in Parag Parikh Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.21% Tamilnadu SDL (MD 21/01/2032) | 5.55% |
| 7.08% Uttar Pradesh SDL (MD 17/02/2031) | 4.27% |
| 7.08% Karnataka SDL (MD 12/08/2031) | 3.99% |
| 7.72% Maharashtra SDL (MD 01/03/2031) | 3.66% |
| 7.72% Maharashtra SDL (MD 23/03/2032) | 2.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC BSE REITS and Commercial Real Estate Index | Parag Parikh Conservative Hybrid |
|---|---|---|
| Equity | 34.3% | 9.8% |
| Debt | 0.0% | 74.0% |
| Cash and others | 65.7% | 16.2% |
Market cap of stocks
| Market cap | HDFC BSE REITS and Commercial Real Estate Index | Parag Parikh Conservative Hybrid |
|---|---|---|
| Large Cap | 0.0% | 7.1% |
| Mid Cap | 27.1% | 2.1% |
| Small Cap | 7.2% | 0.6% |
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 | HDFC BSE REITS and Commercial Real Estate Index | Parag Parikh Conservative Hybrid |
|---|---|---|
| Realty | 34.3% | 0.0% |
| Gas | 0.0% | 2.1% |
| Consumable Fuels | 0.0% | 2.1% |
| Diversified FMCG | 0.0% | 2.0% |
| Power | 0.0% | 2.0% |
| Finance | 0.0% | 1.0% |
| Industrial Products | 0.0% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC BSE REITS and Commercial Real Estate Index vs Parag Parikh Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC BSE REITS and Commercial Real Estate Index Fund | Parag Parikh Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 5.45% | 0.32% |
| Base expense ratio (Direct) | 0.30% | 0.24% |
| Total expense ratio (Regular) | 6.08% | 0.67% |
| Base expense ratio (Regular) | 0.85% | 0.54% |
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 Parag Parikh Conservative Hybrid with
HDFC BSE REITS and Commercial Real Estate Index Fund vs Parag Parikh Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between HDFC BSE REITS and Commercial Real Estate Index Fund and Parag Parikh Conservative Hybrid Fund?
HDFC BSE REITS and Commercial Real Estate Index Fund is an Index fund, Parag Parikh Conservative Hybrid Fund is a Conservative Hybrid fund, run by HDFC Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 12.4%. HDFC BSE REITS and Commercial Real Estate Index Fund charges 5.45% a year and Parag Parikh Conservative Hybrid Fund 0.32%.
Which has the lower expense ratio, HDFC BSE REITS and Commercial Real Estate Index Fund or Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund charges less: 0.32% a year against 5.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC BSE REITS and Commercial Real Estate Index Fund and Parag Parikh Conservative Hybrid Fund overlap?
12.4%. They hold 3 of the same securities, the largest shared ones being BIRET-RR, EMBASSY-RR, KRT. From each fund's latest monthly portfolio.
Which is riskier, HDFC BSE REITS and Commercial Real Estate Index Fund or Parag Parikh Conservative Hybrid Fund?
On SEBI's riskometer, HDFC BSE REITS and Commercial Real Estate Index Fund is rated Very High and Parag Parikh Conservative Hybrid Fund Moderately High. Over their common history, the standard deviation of daily returns was 10.60% and 2.91% a year.
Can I invest in both HDFC BSE REITS and Commercial Real Estate Index Fund and Parag Parikh Conservative Hybrid Fund?
Yes. 12.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC BSE REITS and Commercial Real Estate Index Fund and Parag Parikh Conservative Hybrid Fund?
HDFC BSE REITS and Commercial Real Estate Index Fund: Nandita Menezes, Arun Agarwal. Parag Parikh Conservative Hybrid Fund: Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Mansi Kariya.
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.