HSBC Conservative Hybrid Fund vs Sundaram Dynamic Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Conservative Hybrid Fund is a Conservative Hybrid fund and Sundaram Dynamic Asset Allocation Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, HSBC Conservative Hybrid Fund (Direct) returned 8.6% a year and Sundaram Dynamic Asset Allocation Fund (Direct) returned 7.8% a year. HSBC Conservative Hybrid Fund charges 1.19% a year and Sundaram Dynamic Asset Allocation Fund 1.12% (Direct plans). Their portfolios overlap 16.0%: they hold 11 of the same securities.
HSBC Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.6%
- Expense ratio
- 1.19%
- NAV
- ₹70.22
Sundaram Dynamic Asset Allocation Fund
Balanced Advantage
- 3 year return
- 7.8%
- Expense ratio
- 1.12%
- NAV
- ₹40.33
Which is better, HSBC Conservative Hybrid or Sundaram Dynamic Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Conservative Hybrid returned more over 3 years: 8.6% a year against 7.8%.
- HSBC Conservative Hybrid returned more over 1 year: 0.6% against −5.0%.
- Sundaram Dynamic Asset Allocation costs less: 1.12% a year against 1.19% (Direct plans).
- HSBC Conservative Hybrid swung less over 3 years: a standard deviation of 4.8% a year against 8.4%.
- HSBC Conservative Hybrid fell less in its worst fall since 03-01-2022: −6.1% against −9.7%.
- Sundaram Dynamic Asset Allocation holds more in large companies: 48.5% of the fund in large caps against 12.9%.
- Sundaram Dynamic Asset Allocation is the larger fund: ₹1,596 Cr against ₹152 Cr.
- Their portfolios overlap 16.0%: 11 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 | HSBC Conservative Hybrid Fund | Sundaram Dynamic Asset Allocation Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | Sundaram Mutual Fund |
| Category | Conservative Hybrid | Balanced Advantage |
| AUM | ₹152 Cr (30-09-2026) | ₹1,596 Cr (30-09-2026) |
| NAV | ₹70.22 (Direct) | ₹40.33 (Direct) |
| Expense ratio (Direct) | 1.19% | 1.12% |
| Expense ratio (Regular) | 2.19% | 2.54% |
| Riskometer | Moderately High | High |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 24-02-2004 | 01-12-2010 |
| Minimum investment | Rs. 5,000 per application | New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/option. |
| Lock in | None | None |
| Fund managers | Mahesh Chhabria, Mohd. Asif Rizwi, Cheenu Gupta, Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh | Bharath, Clyton Richard Fernandes, Kumaresh Ramakrishnan |
| Exit load | Nil | Exit Load: W.E.F Dec 31, 2021 -Nil - If up to 25% of the units invested are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. Any redemptions or withdrawals by way of SWP in excess of the above mentioned limit would be subject to an exit load of 1 % of the applicable NAV will be charged, if the units are redeemed within 365 days from the date of allotment of units. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil. Generally, the exit load will be calculated on First in First out (FIFO) basis. |
HSBC Conservative Hybrid vs Sundaram Dynamic Asset Allocation: 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 |
|---|---|---|---|---|---|---|---|
| HSBC Conservative Hybrid Fund (Direct) | −0.65% | −2.24% | +0.16% | +0.59% | +8.59% | +7.14% | +7.72% |
| Sundaram Dynamic Asset Allocation Fund (Direct) | −0.69% | −3.73% | −1.70% | −4.99% | +7.83% | -- | -- |
| 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.
HSBC Conservative Hybrid vs Sundaram Dynamic Asset Allocation: Year-wise Returns
| Year | HSBC Conservative HybridHSBC Conservative Hybrid | Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation |
|---|---|---|
| 2026to date | +2.01% | −5.15% |
| 2025 | +2.77% | +6.67% |
| 2024 | +16.93% | +14.28% |
| 2023 | +12.29% | +15.81% |
| 2022 | +1.98% | -- |
| 2021 | +9.85% | -- |
HSBC Conservative Hybrid vs Sundaram Dynamic Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 441 of them, one for each trading day from 03-01-2025 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.
HSBC Conservative Hybrid Fund (Direct)
Sundaram Dynamic Asset Allocation Fund (Direct)
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Conservative Hybrid | 0.0 | 0.0 | 37.6 | 62.4 | 0.0 | 0.0 | 0.0 | 10.4% | 10.3% | 8.3% | 12.8% |
| Sundaram Dynamic Asset Allocation | 0.0 | 0.0 | 18.0 | 78.0 | 4.0 | 0.0 | 0.0 | 11.6% | 11.7% | 7.0% | 15.9% |
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 03-01-2022. Past returns do not promise future returns.
HSBC Conservative Hybrid vs Sundaram Dynamic Asset Allocation: 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Conservative HybridHSBC Conservative Hybrid Fund (Direct) | ₹5,80,000 | ₹6,87,268 | ₹1,07,268 | 7.0% |
| Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation Fund (Direct) | ₹5,80,000 | ₹6,70,937 | ₹90,937 | 6.0% |
HSBC Conservative HybridHSBC Conservative Hybrid Fund (Direct)
Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation 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.
HSBC Conservative Hybrid vs Sundaram Dynamic Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Conservative Hybrid Fund (Direct) | Sundaram Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.59% | −4.99% |
| Standard deviation | 4.29% | 9.43% |
| Sharpe ratio | -1.09 | -1.09 |
| Sortino ratio | -1.43 | -1.45 |
| Maximum drawdown | −3.8% (23-10-2026) | −9.7% (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 | HSBC Conservative Hybrid Fund (Direct) | Sundaram Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.59% | +7.83% |
| Standard deviation | 4.79% | 8.40% |
| Sharpe ratio | 0.53 | 0.22 |
| Sortino ratio | 0.74 | 0.29 |
| Maximum drawdown | −6.1% (03-03-2025) | −9.7% (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 | HSBC Conservative Hybrid Fund (Direct) | Sundaram Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.53% | +7.67% |
| Standard deviation | 4.84% | 8.10% |
| Sharpe ratio | 0.51 | 0.22 |
| Sortino ratio | 0.70 | 0.30 |
| Maximum drawdown | −10.4% (23-03-2020) | −9.7% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 11-01-2013 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.
HSBC Conservative Hybrid Fund (Direct)
Sundaram Dynamic Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Conservative Hybrid Fund (Direct) | −6.1% | 16-12-2024 | 03-03-2025 | 13-05-2025 | 2 months | −3.0% |
| Sundaram Dynamic Asset Allocation Fund (Direct) | −9.7% | 28-11-2025 | 30-03-2026 | Not yet | -- | −5.8% |
From daily values since 03-01-2022, 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.
HSBC Conservative Hybrid Fund (Direct)
Sundaram Dynamic Asset Allocation 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.
HSBC Conservative Hybrid Fund (Direct)
Sundaram Dynamic Asset Allocation Fund (Direct)
HSBC Conservative Hybrid vs Sundaram Dynamic Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Conservative Hybrid Fund, September 2026; Sundaram Dynamic Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 16.0%
- Held by both
- 11
- Only in HSBC Conservative Hybrid
- 35
- Only in Sundaram Dynamic Asset Allocation
- 63
| Security | % of HSBC Conservative Hybrid | % of Sundaram Dynamic Asset Allocation |
|---|---|---|
| 6.48% GOI 06Oct2035 | 3.90% | 3.53% |
| HDFC Bank Limited | 2.83% | 3.79% |
| 6.94% GOI 11-May-2036 | 3.33% | 2.47% |
| ICICI Bank Limited | 2.35% | 7.12% |
| 7.32% GOI - 13-Nov-2030 | 3.44% | 1.91% |
| Coforge Limited | 1.73% | 1.27% |
| Cholamandalam Invest & Finance Co Ltd | 0.62% | 1.95% |
| Larsen & Toubro Limited | 0.62% | 2.98% |
| Dhoot Transmission Limited | 0.88% | 0.24% |
| Billionbrains Garage Ventures Ltd. | 0.12% | 1.04% |
| TD Power Systems Limited | 0.04% | 0.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.0% means 16.0% 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 HSBC Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.72% Maharashtra SDL - 23-Mar-2032 | 9.96% |
| REC Limited | 6.86% |
| NABARD | 6.58% |
| 6.53% GOI 07-Sep-2031 | 6.53% |
| 7.10% GOI - 18-Apr-2029 | 3.44% |
Largest holdings only in Sundaram Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| Reliance Industries Ltd | 5.12% |
| Eternal Ltd (Previously Zomato Ltd) | 4.20% |
| Bharti Airtel Ltd | 3.86% |
| Kotak Mahindra Bank Ltd | 3.24% |
| Bajaj Finserv Ltd | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Conservative Hybrid | Sundaram Dynamic Asset Allocation |
|---|---|---|
| Equity | 22.1% | 76.3% |
| Debt | 68.5% | 18.8% |
| Cash and others | 9.4% | 4.9% |
Market cap of stocks
| Market cap | HSBC Conservative Hybrid | Sundaram Dynamic Asset Allocation |
|---|---|---|
| Large Cap | 12.9% | 48.5% |
| Mid Cap | 7.0% | 14.5% |
| Small Cap | 1.3% | 11.7% |
| Not on AMFI's list | 0.9% | 1.5% |
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 | HSBC Conservative Hybrid | Sundaram Dynamic Asset Allocation |
|---|---|---|
| Banks | 7.1% | 14.7% |
| Finance | 0.7% | 7.4% |
| Petroleum Products | 0.0% | 5.1% |
| Automobiles | 0.0% | 4.8% |
| Pharmaceuticals & Biotechnology | 0.0% | 4.6% |
| Electrical Equipment | 4.5% | 2.4% |
| Retailing | 0.4% | 4.2% |
| Industrial Products | 3.6% | 1.1% |
| IT - Software | 2.6% | 0.0% |
| Auto Components | 0.9% | 1.1% |
| Aerospace & Defense | 0.8% | 0.3% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Conservative Hybrid vs Sundaram Dynamic Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Conservative Hybrid Fund | Sundaram Dynamic Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 1.12% |
| Base expense ratio (Direct) | 0.96% | 0.58% |
| Total expense ratio (Regular) | 2.19% | 2.54% |
| Base expense ratio (Regular) | 1.81% | 1.81% |
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 HSBC Conservative Hybrid with
Compare Sundaram Dynamic Asset Allocation with
- Sundaram Dynamic Asset Allocation vs quant Dynamic Asset Allocation
- Sundaram Dynamic Asset Allocation vs Aditya Birla Sun Life Balanced Advantage
- Sundaram Dynamic Asset Allocation vs Baroda BNP Paribas Balanced Advantage
- Sundaram Dynamic Asset Allocation vs Axis Balanced Advantage
- Sundaram Dynamic Asset Allocation vs WhiteOak Capital Balanced Advantage
HSBC Conservative Hybrid Fund vs Sundaram Dynamic Asset Allocation Fund: Frequently Asked Questions
What is the difference between HSBC Conservative Hybrid Fund and Sundaram Dynamic Asset Allocation Fund?
HSBC Conservative Hybrid Fund is a Conservative Hybrid fund, Sundaram Dynamic Asset Allocation Fund is a Balanced Advantage fund, run by HSBC Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 16.0%. HSBC Conservative Hybrid Fund charges 1.19% a year and Sundaram Dynamic Asset Allocation Fund 1.12%.
Which has given higher returns, HSBC Conservative Hybrid Fund or Sundaram Dynamic Asset Allocation Fund?
Over 1 year: HSBC Conservative Hybrid Fund +0.59%, Sundaram Dynamic Asset Allocation Fund −4.99%. Over 3 years: HSBC Conservative Hybrid Fund +8.59% a year, Sundaram Dynamic Asset Allocation Fund +7.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Conservative Hybrid Fund or Sundaram Dynamic Asset Allocation Fund?
Sundaram Dynamic Asset Allocation Fund charges less: 1.12% a year against 1.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Conservative Hybrid Fund and Sundaram Dynamic Asset Allocation Fund overlap?
16.0%. They hold 11 of the same securities, the largest shared ones being 6.48% GOI 06Oct2035, HDFCBANK, 6.94% GOI 11-May-2036. From each fund's latest monthly portfolio.
Which is riskier, HSBC Conservative Hybrid Fund or Sundaram Dynamic Asset Allocation Fund?
On SEBI's riskometer, HSBC Conservative Hybrid Fund is rated Moderately High and Sundaram Dynamic Asset Allocation Fund High. Over 3 years, the standard deviation of daily returns was 4.79% and 8.40% a year.
Which is better for SIP, HSBC Conservative Hybrid Fund or Sundaram Dynamic Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,98,262 in HSBC Conservative Hybrid Fund (XIRR 4.7% a year) and ₹3,81,965 in Sundaram Dynamic Asset Allocation Fund (XIRR 2.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HSBC Conservative Hybrid Fund and Sundaram Dynamic Asset Allocation Fund?
Yes. 16.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Conservative Hybrid Fund and Sundaram Dynamic Asset Allocation Fund?
HSBC Conservative Hybrid Fund: Mahesh Chhabria, Mohd. Asif Rizwi, Cheenu Gupta, Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh. Sundaram Dynamic Asset Allocation Fund: Bharath, Clyton Richard Fernandes, Kumaresh Ramakrishnan.
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.