DSP Conservative Hybrid Fund is a Conservative Hybrid fund run by DSP Mutual Fund. On 30-09-2026, it managed ₹175 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.2% a year and its Regular plan returned 7.5% a year.
NAV (Direct plan)
₹68.34
▲ 0.06% · 30-10-2026
NAV (Regular plan)
₹60.18
▲ 0.06% · 30-10-2026
Expense ratio
0.64%Direct1.25%Regular
0.64%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
8.2%Direct7.5%Regular
8.2%
A year
DSP Conservative Hybrid Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹68.34 (up 0.06% that day); Regular Plan Growth ₹60.18 (up 0.06% that day).
This fund (Direct plan)
₹68.3424
DSP Conservative Hybrid Fund Returns vs Conservative Hybrid Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.26%
−1.26%
+1.06%
+1.82%
+8.24%
+7.41%
+7.09%
This fund (Regular)
−0.32%
−1.41%
+0.75%
+1.15%
+7.54%
+6.70%
+6.00%
Conservative Hybrid average
−0.46%
−1.48%
+0.87%
+1.02%
+7.61%
+7.13%
+7.52%
Best in Conservative Hybrid
+0.16%
−0.05%
+2.51%
+4.80%
+8.72%
+9.43%
+9.22%
Worst in Conservative Hybrid
−1.26%
−2.24%
+0.10%
−1.40%
+5.41%
+5.09%
+5.91%
Rank in Conservative Hybrid
6/18
7/18
7/18
5/18
7/18
8/17
12/16
Category rows compare the Direct plans of 18 Conservative Hybrid funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Hybrid 85+15 - Conservative Index. Returns of that index are not available to us, so the category average is the comparison.
DSP Conservative Hybrid Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+0.64%
+0.11%
2025
+7.95%
+7.23%
2024
+11.66%
+10.96%
2023
+12.69%
+11.99%
2022
+4.21%
+3.52%
2021
+9.53%
+7.79%
DSP Conservative Hybrid Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,622 periods, one for each trading day from 04-01-2016 to 30-10-2026.
0%5%10%15%
DSP Conservative Hybrid Fund (Direct)
Category average, 18 Conservative Hybrid funds
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
DSP Conservative Hybrid Fund (Direct)Category average, 18 Conservative Hybrid funds
0%
0%
Below 0%
12%
6%
0-5%
62%
63%
5-10%
27%
30%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
3,097
8.9%
−5.1%
25.1%
7%
8.8%
49%
2 years
2,862
9.8%
−2.3%
16.7%
1%
9.9%
38%
3 years
2,622
9.0%
0.7%
13.9%
0%
9.3%
24%
5 years
2,136
8.1%
3.9%
12.6%
0%
8.5%
5%
7 years
1,652
7.8%
6.5%
9.6%
0%
8.5%
12%
10 years
924
8.4%
7.0%
9.0%
0%
9.0%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
8.8%
−9.1%
22.7%
8%
8.7%
49%
2 years
142
9.1%
−3.0%
17.8%
4%
9.1%
48%
3 years
130
9.0%
−1.4%
13.4%
1%
9.4%
42%
5 years
106
8.2%
2.1%
11.4%
0%
8.6%
19%
7 years
82
8.0%
4.3%
10.1%
0%
8.5%
22%
10 years
46
8.3%
7.3%
9.2%
0%
8.9%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 18 Conservative Hybrid funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
DSP Conservative Hybrid Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
DSP Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+1.82%
+1.02%
Standard deviation
3.37%
3.40%
Sharpe ratio
-1.02
-1.24
Sortino ratio
-1.38
-1.65
Maximum drawdown
−3.2%
(30-03-2026)
−3.1%
(30-03-2026)
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.
Measure
DSP Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+8.24%
+7.62%
Standard deviation
3.21%
3.24%
Sharpe ratio
0.69
0.49
Sortino ratio
0.97
0.68
Maximum drawdown
−3.2%
(30-03-2026)
−3.1%
(30-03-2026)
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.
Measure
DSP Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+7.41%
+7.17%
Standard deviation
3.27%
3.26%
Sharpe ratio
0.49
0.42
Sortino ratio
0.69
0.57
Maximum drawdown
−4.5%
(16-06-2022)
−3.9%
(17-06-2022)
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.
Measure
DSP Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+7.09%
+7.59%
Standard deviation
4.17%
3.83%
Sharpe ratio
0.40
0.57
Sortino ratio
0.53
0.77
Maximum drawdown
−12.0%
(23-03-2020)
−11.2%
(23-03-2020)
From daily NAVs, 28-10-2016 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.
Measure
DSP Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+8.20%
+8.70%
Standard deviation
4.26%
3.97%
Sharpe ratio
0.51
0.67
Sortino ratio
0.67
0.90
Maximum drawdown
−12.0%
(23-03-2020)
−11.2%
(23-03-2020)
From daily NAVs, 03-01-2013 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.
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.
−15%−10%−5%0%
DSP Conservative Hybrid Fund (Direct)
Category average, 18 Conservative Hybrid funds
2014201620182020202220242026
DSP Conservative Hybrid Fund (Direct)Category average, 18 Conservative Hybrid funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
DSP Conservative Hybrid Fund (Direct)
−12.0%
13-02-2020
23-03-2020
17-07-2020
4 months
−1.6%
Category average
−11.2%
13-02-2020
23-03-2020
21-07-2020
4 months
−2.1%
From the Direct plan's daily NAV since 03-01-2013, adjusted for unit splits, and the average of the 18 Conservative Hybrid funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
DSP Conservative Hybrid Fund vs Other Conservative Hybrid Funds
The five Conservative Hybrid funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
DSP Conservative Hybrid Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Conservative Hybrid median
Cost rank (1 = cheapest)
Direct
0.51%
0.01%
0.00%
0.12%
0.64%
0.99%
4/18
Regular
1.04%
0.01%
0.00%
0.20%
1.25%
1.83%
2/18
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Conservative Hybrid funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
1.15%
1.82%
0.67%
₹1,01,150
₹1,01,820
3 years
7.54%
8.24%
0.70% a year
₹1,24,368
₹1,26,813
5 years
6.70%
7.41%
0.71% a year
₹1,38,300
₹1,42,963
10 years
6.00%
7.09%
1.09% a year
₹1,79,085
₹1,98,376
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
DSP Conservative Hybrid Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planDSP Conservative Hybrid Fund (Direct)
₹16,60,000
₹29,44,029
₹12,84,029
7.9%
Regular planDSP Conservative Hybrid Fund (Regular)
Direct planDSP Conservative Hybrid Fund (Direct)Regular planDSP Conservative Hybrid Fund (Regular)Category averageCategory average, 18 Conservative Hybrid fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Conservative Hybrid Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
76.5%Debt
Asset
Fund
Category
Debt
76.5%
68.7%
Equity
21.2%
19.1%
Cash and others
2.3%
12.3%
Market cap of stocks
Market cap
Fund
Category
Large Cap
15.4%
12.8%
Mid Cap
3.0%
3.3%
Small Cap
2.8%
2.7%
Share of the whole fund. Category: the average of the Conservative Hybrid funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 18 Conservative Hybrid funds.
Rating
Fund
Category
Sovereign
55.3%
27.2%
AAA and A1+
13.9%
27.4%
AA
7.3%
12.7%
DSP Conservative Hybrid Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks6.1%
Insurance2.7%
Automobiles2.4%
Pharmaceuticals & Biotechnology2.3%
Diversified FMCG1.1%
Consumer Durables1.1%
Power1.0%
Telecom - Services0.8%
Oil0.8%
Capital Markets0.7%
The ten largest of 17 sectors. The other 7 add up to 2.3%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
6.7%
6.2%
6.1%
−0.6%
Insurance
2.5%
2.7%
2.7%
+0.2%
Automobiles
2.6%
2.5%
2.4%
−0.2%
Pharmaceuticals & Biotechnology
2.1%
2.3%
2.3%
+0.2%
Diversified FMCG
1.2%
1.1%
1.1%
−0.1%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
DSP Conservative Hybrid Fund Portfolio Holdings
As on 30-09-2026 · 50 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
7.32% GOI 13112030 · Government security
Sovereign
11.91%
6.87% GOI FRB 22092033 · Government security
Sovereign
8.94%
7.03% Maharashtra SDL 25062038 · State government security
Sovereign
8.17%
7.06% GOI 10042028 · Government security
Sovereign
5.95%
6.48% GOI 06102035 · Government security
Sovereign
5.63%
Small Industries Development Bank of India · Certificate of deposit
CRISIL A1+
5.58%
IDFC First Bank Limited · Certificate of deposit
CRISIL A1+
5.57%
Muthoot Finance Limited · Bond
CRISIL AA+
4.39%
6.64% GOI FRB 07122031 · Government security
Sovereign
3.00%
7.10% GOI 18042029 · Government security
Sovereign
2.97%
7.10% GOI 08042034 · Government security
Sovereign
2.94%
7.02% GOI 18062031 · Government security
Sovereign
2.92%
5.74% GOI 15112026 · Government security
Sovereign
2.91%
Cholamandalam Investment and Finance Co Limited · Bond
ICRA AA+
2.86%
HDFC Bank Limited · Certificate of deposit
CRISIL A1+
2.79%
HDFC Bank Limited
Banks
2.71%
0.0%
ICICI Bank Limited
Banks
1.82%
0.0%
ITC Limited
Diversified FMCG
1.12%
0.0%
Mahindra & Mahindra Limited
Automobiles
1.08%
0.0%
NTPC Limited
Power
0.99%
0.0%
Indigo Paints Limited
Consumer Durables
0.87%
0.0%
Alkem Laboratories Limited
Pharmaceuticals & Biotechnology
0.83%
0.0%
Indus Towers Limited
Telecom - Services
0.82%
0.0%
Kotak Mahindra Bank Limited
Banks
0.81%
0.0%
Cipla Limited
Pharmaceuticals & Biotechnology
0.78%
0.0%
Axis Bank Limited
Banks
0.76%
0.0%
Oil & Natural Gas Corporation Limited
Oil
0.75%
0.0%
SBI Life Insurance Co Limited
Insurance
0.72%
0.0%
HDFC Life Insurance Co Limited
Insurance
0.70%
0.0%
HDFC Asset Management Co Limited
Capital Markets
0.69%
New
Hero MotoCorp Limited
Automobiles
0.65%
0.0%
Maruti Suzuki India Limited
Automobiles
0.63%
0.0%
Canara HSBC Life Insurance Co Limited
Insurance
0.57%
0.0%
Petronet LNG Limited
Gas
0.49%
0.0%
Infosys Limited
IT - Software
0.45%
0.0%
ICICI Lombard General Insurance Co Limited
Insurance
0.44%
0.0%
Cohance Lifesciences Limited
Pharmaceuticals & Biotechnology
0.42%
0.0%
SBI Funds Management Pvt Limited/Fund Parent
0.34%
Syngene International Limited
Healthcare Services
0.33%
0.0%
Knowledge Realty Trust
Realty
0.31%
Life Insurance Corporation Of India
Insurance
0.26%
0.0%
Coromandel International Limited
Fertilizers & Agrochemicals
0.24%
0.0%
Alembic Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.23%
0.0%
La Opala RG Limited
Consumer Durables
0.19%
0.0%
Cyient Limited
IT - Services
0.17%
0.0%
Oberoi Realty Limited
Realty
0.17%
New
Indian Oil Corporation Limited
Petroleum Products
0.15%
0.0%
Bharat Petroleum Corporation Limited
Petroleum Products
0.14%
0.0%
Hindustan Petroleum Corporation Limited
Petroleum Products
0.14%
0.0%
IPCA Laboratories Limited
Pharmaceuticals & Biotechnology
0.04%
−15.1%
DSP Conservative Hybrid Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Asset Management Co Limited
↑New
New
0.69%
Oberoi Realty Limited
↑New
New
0.17%
IPCA Laboratories Limited
↓Reduced
−15.1%
0.04%
Power Finance Corporation Limited
↓Sold out
−100%
was 0.03%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
DSP Conservative Hybrid Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.64%
Expense ratio (Regular)
1.25%
Category
Conservative Hybrid
Risk
Moderately High
Benchmark
CRISIL Hybrid 85+15 - Conservative Index
Launch date
11-06-2004
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹175.30 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
118994
ISIN (Direct)
INF740K01NO5
Scheme code (Regular)
102448
ISIN (Regular)
INF740K01441
NAV history
From 03-01-2013, 13.8 years
Exit load
Nil
Tax on DSP Conservative Hybrid Fund returns
DSP Conservative Hybrid Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹68.3424
30-10-2026
direct
Monthly IDCW
₹13.7586
30-10-2026
direct
Quarterly IDCW
₹13.58
30-10-2026
regular
Growth
₹60.1796
30-10-2026
regular
Monthly IDCW
₹10.5983
30-10-2026
regular
Quarterly IDCW
₹10.9124
30-10-2026
About DSP Conservative Hybrid Fund
DSP Conservative Hybrid Fund is a mutual fund from DSP Mutual Fund. Its category is Conservative Hybrid. It was launched on 11-06-2004. Its benchmark is CRISIL Hybrid 85+15 - Conservative Index. At the end of September 2026 it held 50 securities.
Fund Manager
Abhishek Singh
Fund manager of DSP Conservative Hybrid Fund, since 01-05-2021
Shantanu Godambe
Fund manager of DSP Conservative Hybrid Fund, since 01-08-2024
Frequently Asked Questions for DSP Conservative Hybrid Fund
What is the current NAV of DSP Conservative Hybrid Fund?
The Direct plan NAV is ₹68.3424. The Regular plan NAV is ₹60.1796, as on 30-10-2026.
What are the returns of DSP Conservative Hybrid Fund?
The Direct plan returned +1.82% in 1 year, +8.24% a year over 3 years, +7.41% a year over 5 years. The Regular plan returned +1.15% in 1 year, +7.54% a year over 3 years, +6.70% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of DSP Conservative Hybrid Fund?
The Direct plan charges 0.64% a year. The Regular plan charges 1.25% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of DSP Conservative Hybrid Fund?
DSP Conservative Hybrid Fund managed ₹175.30 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of DSP Conservative Hybrid Fund?
At the end of September 2026 the largest holdings were 7.32% GOI 13112030 (11.91%), 6.87% GOI FRB 22092033 (8.94%), 7.03% Maharashtra SDL 25062038 (8.17%), 7.06% GOI 10042028 (5.95%), 6.48% GOI 06102035 (5.63%). The fund held 50 securities in all.
What did DSP Conservative Hybrid Fund buy and sell in September 2026?
It bought 2 new stocks: Oberoi Realty Limited, HDFC Asset Management Co Limited. It sold out of 1: Power Finance Corporation Limited. It reduced 1.
How do I invest in DSP Conservative Hybrid Fund?
Through DSP Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of DSP Conservative Hybrid Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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