SBI Balanced Advantage Fund vs SBI Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Balanced Advantage Fund is a Balanced Advantage fund and SBI Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, SBI Balanced Advantage Fund (Direct) returned 9.3% a year and SBI Conservative Hybrid Fund (Direct) returned 8.0% a year. SBI Balanced Advantage Fund charges 0.86% a year and SBI Conservative Hybrid Fund 0.98% (Direct plans). Their portfolios overlap 19.7%: they hold 31 of the same securities.
SBI Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 9.3%
- Expense ratio
- 0.86%
- NAV
- ₹16.00
SBI Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 8.0%
- Expense ratio
- 0.98%
- NAV
- ₹82.84
Which is better, SBI Balanced Advantage or SBI 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.
- SBI Balanced Advantage returned more over 5 years: 9.4% a year against 7.9%.
- SBI Balanced Advantage returned more over 3 years: 9.3% a year against 8.0%.
- SBI Balanced Advantage costs less: 0.86% a year against 0.98% (Direct plans).
- SBI Conservative Hybrid swung less over 3 years: a standard deviation of 3.6% a year against 6.8%.
- SBI Conservative Hybrid fell less in its worst fall since 07-09-2021: −3.6% against −7.4%.
- SBI Balanced Advantage holds more in large companies: 49.6% of the fund in large caps against 8.5%.
- SBI Balanced Advantage is the larger fund: ₹40,545 Cr against ₹10,107 Cr.
- Their portfolios overlap 19.7%: 31 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 | SBI Balanced Advantage Fund | SBI Conservative Hybrid Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Balanced Advantage | Conservative Hybrid |
| AUM | ₹40,545 Cr (30-09-2026) | ₹10,107 Cr (30-09-2026) |
| NAV | ₹16.00 (Direct) | ₹82.84 (Direct) |
| Expense ratio (Direct) | 0.86% | 0.98% |
| Expense ratio (Regular) | 1.67% | 1.49% |
| Riskometer | High | High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | Nifty 50 Hybrid Composite Debt 15:85 Conservative Index |
| Launch date | 31-08-2021 | 09-04-2001 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dinesh Balachandran, Anup Upadhyay | Mansi Sajeja, Saurabh Pant, Milind Agrawal |
| Exit load | For units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | For units in excess of 10% of the investment, 1% will be charged for redemption within 1 year |
SBI Balanced Advantage vs SBI 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 |
|---|---|---|---|---|---|---|---|
| SBI Balanced Advantage Fund (Direct) | −0.92% | −4.44% | −2.94% | −3.13% | +9.33% | +9.41% | -- |
| SBI Conservative Hybrid Fund (Direct) | −0.91% | −1.25% | +1.10% | +2.04% | +8.01% | +7.93% | +8.59% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 38 Balanced Advantage funds and the 18 Conservative Hybrid funds, same plan type.
SBI Balanced Advantage vs SBI Conservative Hybrid: Year-wise Returns
| Year | Balanced AdvantageSBI Balanced Advantage | Conservative HybridSBI Conservative Hybrid |
|---|---|---|
| 2026to date | −4.89% | +1.78% |
| 2025 | +10.93% | +7.21% |
| 2024 | +14.50% | +11.57% |
| 2023 | +21.49% | +12.76% |
| 2022 | +6.20% | +5.09% |
| 2021 | -- | +14.72% |
SBI Balanced Advantage vs SBI Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 535 of them, one for each trading day from 09-09-2024 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.
SBI Balanced Advantage Fund (Direct)
SBI Conservative Hybrid Fund (Direct)
to
Nov 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Balanced Advantage | 0.0 | 0.0 | 6.2 | 67.9 | 26.0 | 0.0 | 0.0 | 13.8% | 14.2% | 8.8% | 17.4% |
| SBI Conservative Hybrid | 0.0 | 0.0 | 40.9 | 59.1 | 0.0 | 0.0 | 0.0 | 10.1% | 10.2% | 7.8% | 12.1% |
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 07-09-2021. Past returns do not promise future returns.
SBI Balanced Advantage vs SBI 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 07-09-2021 to 30-10-2026: 62 instalments, ₹6,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Balanced AdvantageSBI Balanced Advantage Fund (Direct) | ₹6,20,000 | ₹7,62,772 | ₹1,42,772 | 8.0% |
| SBI Conservative HybridSBI Conservative Hybrid Fund (Direct) | ₹6,20,000 | ₹7,51,770 | ₹1,31,770 | 7.4% |
SBI Balanced AdvantageSBI Balanced Advantage Fund (Direct)
SBI Conservative HybridSBI 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.
SBI Balanced Advantage vs SBI Conservative Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Balanced Advantage Fund (Direct) | SBI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.13% | +2.04% |
| Standard deviation | 7.65% | 4.04% |
| Sharpe ratio | -1.09 | -0.79 |
| Sortino ratio | -1.44 | -1.08 |
| Maximum drawdown | −7.4% (30-03-2026) | −3.0% (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 | SBI Balanced Advantage Fund (Direct) | SBI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.33% | +8.01% |
| Standard deviation | 6.81% | 3.63% |
| Sharpe ratio | 0.48 | 0.55 |
| Sortino ratio | 0.66 | 0.75 |
| Maximum drawdown | −7.4% (30-03-2026) | −3.0% (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 | SBI Balanced Advantage Fund (Direct) | SBI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.41% | +7.93% |
| Standard deviation | 6.40% | 3.55% |
| Sharpe ratio | 0.56 | 0.60 |
| Sortino ratio | 0.78 | 0.81 |
| Maximum drawdown | −7.4% (30-03-2026) | −3.6% (07-03-2022) |
| 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 | SBI Balanced Advantage Fund (Direct) | SBI Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.45% | +9.43% |
| Standard deviation | 6.34% | 4.19% |
| Sharpe ratio | 0.59 | 0.81 |
| Sortino ratio | 0.81 | 1.10 |
| Maximum drawdown | −7.4% (30-03-2026) | −11.9% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 07-09-2021 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.
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.
SBI Balanced Advantage Fund (Direct)
SBI Conservative Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Balanced Advantage Fund (Direct) | −7.4% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −5.4% |
| SBI Conservative Hybrid Fund (Direct) | −3.6% | 17-01-2022 | 07-03-2022 | 01-08-2022 | 5 months | −2.2% |
From daily values since 07-09-2021, 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.
SBI Balanced Advantage Fund (Direct)
SBI 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.
SBI Balanced Advantage Fund (Direct)
SBI 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.
SBI Balanced Advantage Fund (Direct)
SBI Conservative Hybrid Fund (Direct)
SBI Balanced Advantage vs SBI Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Balanced Advantage Fund, September 2026; SBI Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 19.7%
- Held by both
- 31
- Only in SBI Balanced Advantage
- 93
- Only in SBI Conservative Hybrid
- 77
| Security | % of SBI Balanced Advantage | % of SBI Conservative Hybrid |
|---|---|---|
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 1.57% | 1.31% |
| Axis Bank Ltd. | 1.80% | 1.23% |
| ICICI Bank Ltd. | 3.58% | 1.20% |
| Biocon Ltd. | 1.19% | 1.39% |
| Adani Power Ltd. | 1.11% | 2.96% |
| Reliance Industries Ltd. | 4.24% | 1.08% |
| JSW JFE Kalinga Steel Ltd. | 1.03% | 2.32% |
| Motilal Oswal Financial Services Ltd. | 0.80% | 1.24% |
| Tata Power Company Ltd. | 0.79% | 2.42% |
| HDFC Bank Ltd. | 3.68% | 0.77% |
| Asian Paints Ltd. | 0.76% | 1.33% |
| Bharti Telecom Ltd. | 0.75% | 1.79% |
| LIC Housing Finance Ltd. | 0.74% | 2.22% |
| Bajaj Finance Ltd. | 0.74% | 0.74% |
| Cipla Ltd. | 0.71% | 0.63% |
| Jamnagar Utilities & Power Pvt. Ltd. | 0.60% | 0.96% |
| 91 DAY T-BILL 27.11.26 | 0.49% | 0.49% |
| Carborundum Universal Ltd. | 0.49% | 0.58% |
| Muthoot Finance Ltd. | 0.49% | 1.47% |
| Torrent Power Ltd. | 0.49% | 2.46% |
| Bajaj Finserv Ltd. | 0.46% | 1.11% |
| Bharti Telecom Ltd. | 0.44% | 1.50% |
| Mahindra & Mahindra Financial Services Ltd. | 0.37% | 0.49% |
| Summit Digitel Infrastructure Pvt. Ltd. | 0.36% | 0.97% |
| Reliance Industries Ltd. | 0.25% | 0.49% |
| National Bank for Agriculture and Rural Development | 0.25% | 1.48% |
| National Bank for Agriculture and Rural Development | 0.24% | 0.73% |
| Muthoot Finance Ltd. | 0.24% | 0.48% |
| Muthoot Finance Ltd. | 0.21% | 0.50% |
| 7.52% State Government of Tamil Nadu 2055 | 0.59% | 0.14% |
| HDFC Life Insurance Company Ltd. | 0.01% | 0.85% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.7% means 19.7% 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 SBI Balanced Advantage Fund
| Security | % of fund |
|---|---|
| GAIL (India) Ltd. | 2.54% |
| Larsen & Toubro Ltd. | 2.44% |
| Tech Mahindra Ltd. | 2.06% |
| 364 DAY T-BILL 04.03.27 | 2.05% |
| Indus Towers Ltd. | 1.93% |
Largest holdings only in SBI Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| National Bank for Agriculture and Rural Development | 3.15% |
| JTPM Metal Traders Ltd. | 2.94% |
| REC Ltd. | 2.66% |
| Bajaj Housing Finance Ltd. | 2.43% |
| Aditya Birla Renewables Ltd. | 2.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Balanced Advantage | SBI Conservative Hybrid |
|---|---|---|
| Equity | 67.4% | 23.2% |
| Debt | 23.2% | 71.7% |
| Cash and others | 9.4% | 5.2% |
Market cap of stocks
| Market cap | SBI Balanced Advantage | SBI Conservative Hybrid |
|---|---|---|
| Large Cap | 49.6% | 8.5% |
| Mid Cap | 10.5% | 2.6% |
| Small Cap | 7.3% | 12.0% |
| Not on AMFI's list | 0.0% | 0.1% |
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 | SBI Balanced Advantage | SBI Conservative Hybrid |
|---|---|---|
| Banks | 15.9% | 3.2% |
| Power | 4.9% | 0.0% |
| Petroleum Products | 4.5% | 1.1% |
| Pharmaceuticals & Biotechnology | 4.3% | 2.9% |
| IT - Software | 4.0% | 0.0% |
| Industrial Products | 1.1% | 3.8% |
| Retailing | 3.8% | 0.0% |
| Finance | 3.0% | 1.4% |
| Insurance | 2.6% | 1.4% |
| Consumer Durables | 1.2% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Balanced Advantage vs SBI Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Balanced Advantage Fund | SBI Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.86% | 0.98% |
| Base expense ratio (Direct) | 0.60% | 0.80% |
| Total expense ratio (Regular) | 1.67% | 1.49% |
| Base expense ratio (Regular) | 1.29% | 1.23% |
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 SBI Balanced Advantage with
Compare SBI Conservative Hybrid with
- SBI Conservative Hybrid vs Parag Parikh Conservative Hybrid
- SBI Conservative Hybrid vs HSBC Conservative Hybrid
- SBI Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- SBI Conservative Hybrid vs Nippon India Conservative Hybrid
- SBI Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
SBI Balanced Advantage Fund vs SBI Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between SBI Balanced Advantage Fund and SBI Conservative Hybrid Fund?
SBI Balanced Advantage Fund is a Balanced Advantage fund, SBI Conservative Hybrid Fund is a Conservative Hybrid fund, run by SBI Mutual Fund. Their portfolios overlap 19.7%. SBI Balanced Advantage Fund charges 0.86% a year and SBI Conservative Hybrid Fund 0.98%.
Which has given higher returns, SBI Balanced Advantage Fund or SBI Conservative Hybrid Fund?
Over 1 year: SBI Balanced Advantage Fund −3.13%, SBI Conservative Hybrid Fund +2.04%. Over 3 years: SBI Balanced Advantage Fund +9.33% a year, SBI Conservative Hybrid Fund +8.01% a year. Over 5 years: SBI Balanced Advantage Fund +9.41% a year, SBI Conservative Hybrid Fund +7.93% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Balanced Advantage Fund or SBI Conservative Hybrid Fund?
SBI Balanced Advantage Fund charges less: 0.86% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Balanced Advantage Fund and SBI Conservative Hybrid Fund overlap?
19.7%. They hold 31 of the same securities, the largest shared ones being Cholamandalam Investment & Finance Co. Ltd.Perpetual, AXISBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, SBI Balanced Advantage Fund or SBI Conservative Hybrid Fund?
On SEBI's riskometer, SBI Balanced Advantage Fund is rated High and SBI Conservative Hybrid Fund High. Over 3 years, the standard deviation of daily returns was 6.81% and 3.63% a year.
Which is better for SIP, SBI Balanced Advantage Fund or SBI Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,46,857 in SBI Balanced Advantage Fund (XIRR 7.9% a year) and ₹7,36,737 in SBI Conservative Hybrid Fund (XIRR 7.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI Balanced Advantage Fund and SBI Conservative Hybrid Fund?
Yes. 19.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages SBI Balanced Advantage Fund and SBI Conservative Hybrid Fund?
SBI Balanced Advantage Fund: Dinesh Balachandran, Anup Upadhyay. SBI Conservative Hybrid Fund: Mansi Sajeja, Saurabh Pant, Milind Agrawal.
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.