HSBC Conservative Hybrid Fund vs UTI Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Conservative Hybrid Fund and UTI Conservative Hybrid Fund are both Conservative Hybrid funds. In the 3 years to 30-10-2026, HSBC Conservative Hybrid Fund (Direct) returned 8.6% a year and UTI Conservative Hybrid Fund (Direct) returned 7.5% a year. HSBC Conservative Hybrid Fund charges 1.19% a year and UTI Conservative Hybrid Fund 1.25% (Direct plans). Their portfolios overlap 9.9%: they hold 9 of the same securities.
HSBC Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.6%
- Expense ratio
- 1.19%
- NAV
- ₹70.22
UTI Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 7.5%
- Expense ratio
- 1.25%
- NAV
- ₹75.67
Which is better, HSBC Conservative Hybrid or UTI 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.
- HSBC Conservative Hybrid returned more over 5 years: 7.1% a year against 6.7%.
- HSBC Conservative Hybrid returned more over 3 years: 8.6% a year against 7.5%.
- HSBC Conservative Hybrid costs less: 1.19% a year against 1.25% (Direct plans).
- UTI Conservative Hybrid swung less over 3 years: a standard deviation of 3.9% a year against 4.8%.
- HSBC Conservative Hybrid fell less in its worst fall since 11-01-2013: −10.4% against −14.4%.
- UTI Conservative Hybrid is the larger fund: ₹1,602 Cr against ₹152 Cr.
- Their portfolios overlap 9.9%: 9 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 | UTI Conservative Hybrid Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | UTI Mutual Fund |
| Category | Conservative Hybrid | Conservative Hybrid |
| AUM | ₹152 Cr (30-09-2026) | ₹1,602 Cr (30-09-2026) |
| NAV | ₹70.22 (Direct) | ₹75.67 (Direct) |
| Expense ratio (Direct) | 1.19% | 1.25% |
| Expense ratio (Regular) | 2.19% | 1.86% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index |
| Launch date | 24-02-2004 | 16-12-2003 |
| Minimum investment | Rs. 5,000 per application | Regular Plan-Monthly Payment Plan- Rs.25000, Regular Plan-Monthly Reinvestment of IDCW- Rs.25000, Regular Plan-Monthly Payout of IDCW- Rs.25000, Regular Plan-Growth- Rs.5000, Regular Plan-Flexi Reinvestment of IDCW- Rs.5000, Regular Plan-Flexi Payout of I |
| Lock in | None | None |
| Fund managers | Mahesh Chhabria, Mohd. Asif Rizwi, Cheenu Gupta, Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh | Amit Premchandani FM 1, Jaydeep Bhowal FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
HSBC Conservative Hybrid vs UTI 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 |
|---|---|---|---|---|---|---|---|
| HSBC Conservative Hybrid Fund (Direct) | −0.65% | −2.24% | +0.16% | +0.59% | +8.59% | +7.14% | +7.72% |
| UTI Conservative Hybrid Fund (Direct) | −0.49% | −2.16% | +0.39% | −0.86% | +7.45% | +6.67% | +7.73% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 18 Conservative Hybrid funds, same plan type.
HSBC Conservative Hybrid vs UTI Conservative Hybrid: Year-wise Returns
| Year | HSBCHSBC Conservative Hybrid | UTIUTI Conservative Hybrid |
|---|---|---|
| 2026to date | +2.01% | −1.25% |
| 2025 | +2.77% | +6.72% |
| 2024 | +16.93% | +12.32% |
| 2023 | +12.29% | +11.96% |
| 2022 | +1.98% | +3.91% |
| 2021 | +9.85% | +13.83% |
HSBC Conservative Hybrid vs UTI Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,614 of them, one for each trading day from 11-01-2016 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.
HSBC Conservative Hybrid Fund (Direct)
UTI 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Conservative Hybrid | 0.0 | 2.6 | 64.9 | 32.5 | 0.0 | 0.0 | 0.0 | 9.0% | 9.1% | 2.7% | 14.5% |
| UTI Conservative Hybrid | 0.0 | 6.5 | 51.5 | 40.5 | 1.4 | 0.0 | 0.0 | 9.4% | 9.6% | 0.5% | 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 11-01-2013. Past returns do not promise future returns.
HSBC Conservative Hybrid vs UTI 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 11-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Conservative HybridHSBC Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹30,12,887 | ₹13,52,887 | 8.2% |
| UTI Conservative HybridUTI Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹30,12,345 | ₹13,52,345 | 8.2% |
HSBC Conservative HybridHSBC Conservative Hybrid Fund (Direct)
UTI Conservative HybridUTI 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.
HSBC Conservative Hybrid vs UTI Conservative Hybrid: 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) | UTI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.59% | −0.86% |
| Standard deviation | 4.29% | 4.25% |
| Sharpe ratio | -1.09 | -1.44 |
| Sortino ratio | -1.43 | -1.90 |
| Maximum drawdown | −3.8% (23-10-2026) | −4.5% (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 | HSBC Conservative Hybrid Fund (Direct) | UTI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.59% | +7.45% |
| Standard deviation | 4.79% | 3.86% |
| Sharpe ratio | 0.53 | 0.37 |
| Sortino ratio | 0.74 | 0.51 |
| Maximum drawdown | −6.1% (03-03-2025) | −4.5% (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 | HSBC Conservative Hybrid Fund (Direct) | UTI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.14% | +6.67% |
| Standard deviation | 4.50% | 3.81% |
| Sharpe ratio | 0.30 | 0.23 |
| Sortino ratio | 0.41 | 0.31 |
| Maximum drawdown | −6.1% (03-03-2025) | −4.9% (17-06-2022) |
| 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 | HSBC Conservative Hybrid Fund (Direct) | UTI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.53% | +8.94% |
| Standard deviation | 4.84% | 4.49% |
| Sharpe ratio | 0.51 | 0.64 |
| Sortino ratio | 0.70 | 0.86 |
| Maximum drawdown | −10.4% (23-03-2020) | −14.4% (23-03-2020) |
| 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)
UTI Conservative Hybrid 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) | −10.4% | 14-02-2020 | 23-03-2020 | 01-07-2020 | 3 months | −3.0% |
| UTI Conservative Hybrid Fund (Direct) | −14.4% | 16-01-2020 | 23-03-2020 | 03-09-2020 | 5 months | −2.8% |
From daily values since 11-01-2013, 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.
HSBC Conservative Hybrid Fund (Direct)
UTI 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.
HSBC Conservative Hybrid Fund (Direct)
UTI 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.
HSBC Conservative Hybrid Fund (Direct)
UTI Conservative Hybrid Fund (Direct)
HSBC Conservative Hybrid vs UTI Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Conservative Hybrid Fund, September 2026; UTI Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 9.9%
- Held by both
- 9
- Only in HSBC Conservative Hybrid
- 37
- Only in UTI Conservative Hybrid
- 93
| Security | % of HSBC Conservative Hybrid | % of UTI Conservative Hybrid |
|---|---|---|
| 6.9% GOI 15-Apr-2065 | 3.06% | 7.01% |
| 6.94% GOI 11-May-2036 | 3.33% | 2.15% |
| HDFC Bank Limited | 2.83% | 1.95% |
| ICICI Bank Limited | 2.35% | 1.53% |
| Larsen & Toubro Limited | 0.62% | 0.36% |
| Corp Debt Mkt Devlop Fund (SBI AIF Fund) | 0.32% | 0.32% |
| Bharat Electronics Limited | 0.77% | 0.25% |
| 6.48% GOI 06Oct2035 | 3.90% | 0.19% |
| Infosys Limited | 0.08% | 0.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.9% means 9.9% 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 UTI Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| NCD NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | 4.61% |
| 7.24% GSEC MAT- 18/08/2055 | 3.87% |
| NCD REC LTD | 3.10% |
| NCD LIC HOUSING FINANCE LTD. | 3.08% |
| NCD JIO CREDIT LTD | 3.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Conservative Hybrid | UTI Conservative Hybrid |
|---|---|---|
| Equity | 22.1% | 24.1% |
| Debt | 68.5% | 66.1% |
| Cash and others | 9.4% | 9.8% |
Market cap of stocks
| Market cap | HSBC Conservative Hybrid | UTI Conservative Hybrid |
|---|---|---|
| Large Cap | 12.9% | 15.9% |
| Mid Cap | 7.0% | 4.4% |
| Small Cap | 1.3% | 3.6% |
| Not on AMFI's list | 0.9% | 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 | HSBC Conservative Hybrid | UTI Conservative Hybrid |
|---|---|---|
| Banks | 7.1% | 6.8% |
| Electrical Equipment | 4.5% | 0.1% |
| Industrial Products | 3.6% | 0.3% |
| IT - Software | 2.6% | 2.0% |
| Automobiles | 0.0% | 1.9% |
| Pharmaceuticals & Biotechnology | 0.0% | 1.6% |
| Realty | 0.0% | 1.1% |
| Telecom - Services | 0.0% | 1.0% |
| Auto Components | 0.9% | 0.5% |
| Aerospace & Defense | 0.8% | 0.3% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Conservative Hybrid vs UTI Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Conservative Hybrid Fund | UTI Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 1.25% |
| Base expense ratio (Direct) | 0.96% | 1.04% |
| Total expense ratio (Regular) | 2.19% | 1.86% |
| Base expense ratio (Regular) | 1.81% | 1.58% |
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
HSBC Conservative Hybrid Fund vs UTI Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between HSBC Conservative Hybrid Fund and UTI Conservative Hybrid Fund?
Both are Conservative Hybrid funds, run by HSBC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 9.9%. HSBC Conservative Hybrid Fund charges 1.19% a year and UTI Conservative Hybrid Fund 1.25%.
Which has given higher returns, HSBC Conservative Hybrid Fund or UTI Conservative Hybrid Fund?
Over 1 year: HSBC Conservative Hybrid Fund +0.59%, UTI Conservative Hybrid Fund −0.86%. Over 3 years: HSBC Conservative Hybrid Fund +8.59% a year, UTI Conservative Hybrid Fund +7.45% a year. Over 5 years: HSBC Conservative Hybrid Fund +7.14% a year, UTI Conservative Hybrid Fund +6.67% 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 UTI Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund charges less: 1.19% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Conservative Hybrid Fund and UTI Conservative Hybrid Fund overlap?
9.9%. They hold 9 of the same securities, the largest shared ones being 6.9% GOI 15-Apr-2065, 6.94% GOI 11-May-2036, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, HSBC Conservative Hybrid Fund or UTI Conservative Hybrid Fund?
On SEBI's riskometer, HSBC Conservative Hybrid Fund is rated Moderately High and UTI Conservative Hybrid Fund Moderately High. Over 3 years, the standard deviation of daily returns was 4.79% and 3.86% a year.
Which is better for SIP, HSBC Conservative Hybrid Fund or UTI Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,29,638 in HSBC Conservative Hybrid Fund (XIRR 7.0% a year) and ₹7,14,241 in UTI Conservative Hybrid Fund (XIRR 6.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HSBC Conservative Hybrid Fund and UTI Conservative Hybrid Fund?
Yes. 9.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages HSBC Conservative Hybrid Fund and UTI Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund: Mahesh Chhabria, Mohd. Asif Rizwi, Cheenu Gupta, Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh. UTI Conservative Hybrid Fund: Amit Premchandani FM 1, Jaydeep Bhowal 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.