HDFC Conservative Hybrid Fund

Conservative HybridDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

HDFC Conservative Hybrid Fund is a Conservative Hybrid fund run by HDFC Mutual Fund. On 30-09-2026, it managed ₹3,108 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.2% a year and its Regular plan returned 6.6% a year.

NAV (Direct plan): ₹88.45; ▲ 0.10%30-10-2026
NAV (Regular plan): ₹82.55; ▲ 0.10%30-10-2026
Expense ratio: 1.18%Direct1.70%Regular; 1.18%; A year
Riskometer: Moderately High; Set by the fund house
3 year return: 7.2%Direct6.6%Regular; 7.2%; A year

HDFC Conservative Hybrid Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹88.45 (up 0.10% that day); Regular Plan Growth ₹82.55 (up 0.10% that day).

This fund (Direct plan)

₹88.4516

HDFC 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)	−0.03%	−1.71%	+0.42%	−0.09%	+7.18%	+7.38%	+8.01%
This fund (Regular)	−0.07%	−1.84%	+0.16%	−0.62%	+6.60%	+6.82%	+7.46%
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	4/18	10/18	12/18	15/18	14/18	9/17	6/16

Category rows compare the Direct plans of 18 Conservative Hybrid funds. Rank 1 is the highest return. This fund's benchmark is Nifty 50 Hybrid Composite Debt 15:85 Conservative Index. Returns of that index are not available to us, so the category average is the comparison.

HDFC Conservative Hybrid Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	−0.75%	−1.19%
2025	+6.15%	+5.54%
2024	+11.07%	+10.47%
2023	+14.48%	+13.92%
2022	+6.49%	+6.00%
2021	+13.84%	+13.36%

HDFC 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 2,620 periods, one for each trading day from 01-01-2016 to 30-10-2026.

0%5%10%15%20%

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

HDFC Conservative Hybrid Fund (Direct)Category average, 18 Conservative Hybrid funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,097	9.0%	−6.2%	30.1%	6%	8.8%	54%
2 years	2,861	10.6%	0.2%	20.9%	0%	9.9%	69%
3 years	2,620	10.3%	1.7%	17.2%	0%	9.3%	69%
5 years	2,137	9.4%	4.8%	14.0%	0%	8.5%	84%
7 years	1,655	9.3%	7.5%	10.9%	0%	8.5%	98%
10 years	926	9.6%	7.9%	11.1%	0%	9.0%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	154	8.9%	−10.8%	33.9%	8%	8.8%	54%
2 years	142	9.9%	−2.5%	21.8%	1%	8.8%	66%
3 years	130	10.5%	−0.6%	14.4%	1%	9.4%	69%
5 years	106	9.5%	3.0%	13.3%	0%	8.5%	77%
7 years	82	9.4%	5.5%	11.9%	0%	8.5%	93%
10 years	46	9.7%	8.2%	10.7%	0%	8.9%	100%

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.

HDFC Conservative Hybrid Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	HDFC Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	−0.09%	+1.02%
Standard deviation	3.79%	3.40%
Sharpe ratio	-1.41	-1.24
Sortino ratio	-1.87	-1.65
Maximum drawdown	−3.6% (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	HDFC Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+7.18%	+7.62%
Standard deviation	3.67%	3.24%
Sharpe ratio	0.32	0.49
Sortino ratio	0.43	0.68
Maximum drawdown	−3.6% (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	HDFC Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+7.38%	+7.17%
Standard deviation	3.66%	3.26%
Sharpe ratio	0.43	0.42
Sortino ratio	0.58	0.57
Maximum drawdown	−4.1% (20-06-2022)	−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	HDFC Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+8.01%	+7.59%
Standard deviation	4.75%	3.83%
Sharpe ratio	0.55	0.57
Sortino ratio	0.75	0.77
Maximum drawdown	−12.1% (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	HDFC Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+9.12%	+8.70%
Standard deviation	5.04%	3.97%
Sharpe ratio	0.61	0.67
Sortino ratio	0.83	0.90
Maximum drawdown	−12.1% (23-03-2020)	−11.2% (23-03-2020)

From daily NAVs, 01-01-2013 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%

2014201620182020202220242026

HDFC 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
HDFC Conservative Hybrid Fund (Direct)	−12.1%	11-02-2020	23-03-2020	13-08-2020	5 months	−2.2%
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 01-01-2013, 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.

HDFC Conservative Hybrid Fund vs Other Conservative Hybrid Funds

The five Conservative Hybrid funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Parag Parikh Conservative Hybrid Fund	1/18	3,454	0.32%	+1.84%	+8.72%	--	--	0.99	1.39	Compare
HSBC Conservative Hybrid Fund	2/18	152	1.19%	+0.59%	+8.59%	--	--	0.53	0.74	Compare
ICICI Prudential Conservative Hybrid Fund	3/18	3,270	1.04%	+1.04%	+8.45%	--	--	0.77	1.07	Compare
Nippon India Conservative Hybrid Fund	4/18	977	1.01%	+4.80%	+8.44%	--	--	1.24	1.80	Compare
Aditya Birla Sun Life Conservative Hybrid Fund	5/18	1,467	0.96%	+1.68%	+8.39%	--	--	0.72	1.00	Compare
HDFC Conservative Hybrid Fund	14/18	3,108	1.18%	−0.09%	+7.18%	--	--	0.32	0.43

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.

HDFC Conservative Hybrid Fund Expense Ratio and Costs

What each plan charges a year, in force from 11-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Conservative Hybrid median	Cost rank (1 = cheapest)
Direct	1.00%	0.00%	0.00%	0.18%	1.18%	0.99%	14/18
Regular	1.44%	0.00%	0.00%	0.26%	1.70%	1.83%	5/18

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	−0.62%	−0.09%	0.53%	₹99,380	₹99,910
3 years	6.60%	7.18%	0.58% a year	₹1,21,136	₹1,23,124
5 years	6.82%	7.38%	0.56% a year	₹1,39,079	₹1,42,763
10 years	7.46%	8.01%	0.55% a year	₹2,05,338	₹2,16,092

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.

HDFC 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHDFC Conservative Hybrid Fund (Direct)	₹16,60,000	₹31,12,712	₹14,52,712	8.6%
Regular planHDFC Conservative Hybrid Fund (Regular)	₹16,60,000	₹29,83,773	₹13,23,773	8.1%
Category averageCategory average, 18 Conservative Hybrid funds	₹16,60,000	₹30,07,378	₹13,47,378	8.2%

₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L

2014201620182020202220242026

Direct planHDFC Conservative Hybrid Fund (Direct)Regular planHDFC 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.

HDFC Conservative Hybrid Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

76.1%Debt

Asset	Fund	Category
Debt	76.1%	68.7%
Equity	18.8%	19.1%
Cash and others	5.1%	12.3%

Market cap of stocks

Market cap	Fund	Category
Large Cap	16.3%	12.8%
Mid Cap	1.6%	3.3%
Small Cap	0.9%	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	29.4%	27.2%
AAA and A1+	35.4%	27.4%
AA	11.3%	12.7%

HDFC Conservative Hybrid Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks7.5%
IT - Software1.6%
Pharmaceuticals & Biotechnology1.5%
Petroleum Products1.4%
Power1.4%
Telecom - Services0.9%
Construction0.8%
Automobiles0.7%
Oil0.4%
Diversified FMCG0.4%

The ten largest of 17 sectors. The other 7 add up to 2.1%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	7.5%	7.7%	7.5%	0.0%
IT - Software	1.7%	1.7%	1.6%	−0.1%
Pharmaceuticals & Biotechnology	1.6%	1.5%	1.5%	−0.1%
Petroleum Products	1.5%	1.5%	1.4%	−0.1%
Power	1.5%	1.4%	1.4%	−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.

HDFC Conservative Hybrid Fund Portfolio Holdings

As on 30-09-2026 · 109 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
7.23% GOI MAT 150439 · Government security	Sovereign	3.21%
7.09% GOI MAT 050854 · Government security	Sovereign	3.01%
7.34% GOI MAT 220464 · Government security	Sovereign	2.91%
Indian Railways Finance Corp. Ltd. · Bond	CRISIL - AAA	2.61%
Floating Rate GOI 2034 · Government security	Sovereign	2.48%
Torrent Power Ltd. · Bond	CRISIL - AA+	2.40%
7.3% GOI MAT 190653 · Government security	Sovereign	2.32%
6.9% GOI MAT 150465 · Government security	Sovereign	2.16%
ICICI Bank Ltd.	Banks	2.13%	0.0%
Altius Telecom Infrastructure Trust · Bond	CRISIL - AAA	1.72%
National Highways Authority of India · Bond	CRISIL - AAA	1.64%
Pipeline Infrastructure Pvt. Ltd. · Bond	CRISIL - AAA	1.62%
360 One Prime Limited · Bond	ICRA - AA	1.62%
Muthoot Finance Ltd. · Bond	CRISIL - AA+	1.61%
HDFC Bank Ltd.	Banks	1.60%	0.0%
Bajaj Housing Finance Ltd. · Bond	CRISIL - AAA	1.60%
6.68% GOI MAT 170931 · Government security	Sovereign	1.59%
Power Finance Corporation Ltd. · Bond	CRISIL - AAA	1.59%
Muthoot Finance Ltd. · Bond	CRISIL - AA+	1.57%
Housing and Urban Development Corporation Ltd. · Bond	CARE - AAA	1.56%
REC Limited. · Bond	CRISIL - AAA	1.55%
Indian Railways Finance Corp. Ltd. · Bond	CRISIL - AAA	1.55%
7.24% GOI MAT 180855 · Government security	Sovereign	1.53%
State Bank of India	Banks	1.39%	0.0%
Axis Bank Ltd.	Banks	1.29%	0.0%
7.09% GOI MAT 251174 · Government security	Sovereign	1.18%
7.1% GOI MAT 080434 · Government security	Sovereign	1.12%
Indian Railways Finance Corp. Ltd. · Bond	CRISIL - AAA	1.10%
7.36% GOI MAT 120952 · Government security	Sovereign	1.09%
Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited)	CRISIL - AAA(SO)	1.08%
7.26% GOI MAT 060233 · Government security	Sovereign	0.97%
Reliance Industries Ltd.	Petroleum Products	0.95%	0.0%
National Bank for Agri & Rural Dev. · Bond	CRISIL - AAA	0.95%
6.79% GOI MAT 071034 · Government security	Sovereign	0.94%
Larsen and Toubro Ltd.	Construction	0.85%	0.0%
The Tata Power Company Ltd. · Bond	CARE - AA+	0.83%
Housing and Urban Development Corporation Ltd. · Bond	CARE - AAA	0.82%
Housing and Urban Development Corporation Ltd. · Bond	CARE - AAA	0.82%
TVS Credit Services Ltd · Bond	ICRA - AA+	0.82%
REC Limited. · Bond	CRISIL - AAA	0.81%
Cholamandalam Investment & Finance Co. Ltd. · Bond	ICRA - AA+	0.81%
Kotak Mahindra Bank Limited	Banks	0.81%	0.0%
REC Limited. · Bond	CRISIL - AAA	0.80%
Grasim Industries Ltd. · Bond	CRISIL - AAA	0.80%
LIC Housing Finance Ltd. · Bond	CRISIL - AAA	0.80%
Power Finance Corporation Ltd. · Bond	CRISIL - AAA	0.80%
National Bank for Agri & Rural Dev. · Bond	CRISIL - AAA	0.80%
Muthoot Finance Ltd. · Bond	CRISIL - AA+	0.80%
Muthoot Finance Ltd. · Bond	CRISIL - AA+	0.80%
Export - Import Bank of India · Bond	CRISIL - AAA	0.80%
7.62% Uttarakhand SDL ISD 170626 Mat 170635 · State government security	Sovereign	0.79%
Indian Railways Finance Corp. Ltd. · Bond	CRISIL - AAA	0.79%
HDFC ERGO General Insurance Co. Ltd. · Bond	CRISIL - AAA	0.79%
Small Industries Development Bank · Bond	CRISIL - AAA	0.79%
Indian Railways Finance Corp. Ltd. · Bond	CRISIL - AAA	0.78%
Housing and Urban Development Corporation Ltd. · Bond	CARE - AAA	0.77%
HDFC Bank Ltd. · Bond	CRISIL - AAA	0.77%
State Bank of India · Bond	CRISIL - AAA	0.77%
Bajaj Finance Ltd. · Bond	CRISIL - AAA	0.77%
NTPC Limited · Bond	CRISIL - AAA	0.77%
NTPC Limited · Bond	CRISIL - AAA	0.76%
6.95% GOI MAT 161261 · Government security	Sovereign	0.73%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	0.73%	0.0%
6.67% GOI MAT 171250 · Government security	Sovereign	0.72%
Embassy Office Parks REIT	Realty	0.70%
Bharti Airtel Ltd.	Telecom - Services	0.68%	0.0%
GOI STRIPS - Mat 190327 · Government security	Sovereign	0.65%
NTPC Limited	Power	0.62%	0.0%
Tata Consultancy Services Ltd.	IT - Software	0.56%	0.0%
Infosys Limited	IT - Software	0.52%	0.0%
Indian Railways Finance Corp. Ltd.	CRISIL - AAA	0.50%
Power Grid Corporation of India Ltd.	Power	0.50%	0.0%
7.18% GOI MAT 140833 · Government security	Sovereign	0.48%
7.71% GOI MAT 180566 · Government security	Sovereign	0.48%
Small Industries Development Bank · Bond	CRISIL - AAA	0.48%
HCL Technologies Ltd.	IT - Software	0.47%	0.0%
Oil & Natural Gas Corporation Ltd.	Oil	0.44%	0.0%
Hindustan Unilever Ltd.	Diversified FMCG	0.42%	New
Hero MotoCorp Ltd.	Automobiles	0.42%	0.0%
SBI Life Insurance Company Ltd.	Insurance	0.41%	0.0%
6.67% GOI MAT 151235 · Government security	Sovereign	0.39%
Lupin Ltd.	Pharmaceuticals & Biotechnology	0.39%	0.0%
6.19% GOI MAT 160934 · Government security	Sovereign	0.38%
Cipla Ltd.	Pharmaceuticals & Biotechnology	0.35%	0.0%
Corporate Debt Market Development Fund		0.33%
REC Limited. · Bond	CRISIL - AAA	0.32%
Mahindra Rural Housing Finance Ltd · Bond	CRISIL - AAA	0.32%
Union Bank of India	Banks	0.28%	0.0%
NHPC Ltd.	Power	0.28%	0.0%
Bajaj Auto Limited	Automobiles	0.28%	0.0%
Coal India Ltd.	Consumable Fuels	0.27%	0.0%
Bharat Petroleum Corporation Ltd.	Petroleum Products	0.24%	0.0%
Indus Towers Limited	Telecom - Services	0.24%	0.0%
Hindustan Petroleum Corp. Ltd.	Petroleum Products	0.23%	0.0%
Power Finance Corporation Ltd.	Finance	0.23%	0.0%
Great Eastern Shipping Company Ltd.	Transport Services	0.20%	0.0%
JK Paper Ltd.	Paper, Forest & Jute Products	0.20%	0.0%
ESCORTS KUBOTA LIMITED	Agricultural, Commercial & Construction Vehicles	0.17%	0.0%
Gateway Distriparks Limited	Transport Services	0.17%	0.0%
Power Finance Corporation Ltd. · Bond	CRISIL - AAA	0.16%
6.99% GOI MAT 151251 · Government security	Sovereign	0.15%
Goodyear India Ltd.	Auto Components	0.15%	0.0%
CIE Automotive India Ltd	Auto Components	0.15%	0.0%
REC Limited.	Finance	0.14%	0.0%
7.60% Tamil Nadu SDL Mat 310131 · State government security	Sovereign	0.13%
Indus Infra Trust	Transport Infrastructure	0.11%
Vajra 006 Trust (Originator - Veritas Finance limited)	ICRA - AAA(SO)	0.04%
7.64% Andhra Pradesh SDL ISD 170124 MAT 170131 · State government security	Sovereign	0.03%
8.15% GOI MAT 241126 · Government security	Sovereign	0.01%

HDFC Conservative Hybrid Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Hindustan Unilever Ltd.	New	New	0.42%
ITC LIMITED	Sold out	−100%	was 0.40%

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.

What HDFC Conservative Hybrid Fund bought and sold

HDFC Conservative Hybrid Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
UTI Conservative Hybrid FundConservative Hybrid · UTI	22.8%	28	Compare
HDFC Balanced Advantage FundBalanced Advantage · HDFC	21.2%	50	Compare
HDFC Equity Savings FundEquity Savings · HDFC	20.6%	34	Compare
HDFC Medium to Long Term FundMedium to Long Duration · HDFC	20.3%	19	Compare
HDFC Multi Asset Allocation FundMulti Asset · HDFC	20.1%	34	Compare
Kotak Balanced Advantage FundBalanced Advantage · Kotak Mahindra	20.1%	32	Compare
HDFC Aggressive Hybrid FundAggressive Hybrid · HDFC	19.5%	29	Compare
ICICI Prudential Balanced Advantage FundBalanced Advantage · ICICI Prudential	18.7%	30	Compare

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.

HDFC Conservative Hybrid Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.18%
Expense ratio (Regular): 1.70%
Category: Conservative Hybrid
Risk: Moderately High
Launch date: 26-12-2003
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹3,108.02 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 119118
ISIN (Direct): INF179K01XE6
Scheme code (Regular): 102147
ISIN (Regular): INF179K01AE4
NAV history: From 01-01-2013, 13.8 years

Benchmark: Nifty 50 Hybrid Composite Debt 15:85 Conservative Index
Exit load: Exit load for units in excess of 15% of the investment, 1% will be charged for redemption within 1 year

Tax on HDFC Conservative Hybrid Fund returns

HDFC 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	₹88.4516	30-10-2026
direct	IDCW Monthly	₹14.6017	30-10-2026
direct	IDCW Quarterly	₹15.4832	30-10-2026
regular	Growth	₹82.5544	30-10-2026
regular	IDCW Monthly	₹12.8702	30-10-2026
regular	IDCW Quarterly	₹13.6567	30-10-2026

About HDFC Conservative Hybrid Fund

HDFC Conservative Hybrid Fund is a mutual fund from HDFC Mutual Fund. Its category is Conservative Hybrid. It was launched on 26-12-2003. Its benchmark is Nifty 50 Hybrid Composite Debt 15:85 Conservative Index. At the end of September 2026 it held 109 securities.

Fund Manager

Anupam Joshi
Fund manager of HDFC Conservative Hybrid Fund, since 07-03-2026
Anand Laddha
Fund manager of HDFC Conservative Hybrid Fund, since 11-09-2026
Gopal Agrawal
Fund manager of HDFC Conservative Hybrid Fund, since 01-09-2026
Bhagyesh Kagalkar
Fund manager of HDFC Conservative Hybrid Fund, since 26-08-2026

See all funds of HDFC Mutual Fund

AUM change

September 2026: ₹3,108.02 Cr; −2.92% from August 2026
August 2026: ₹3,201.38 Cr; −1.34% from July 2026
July 2026: ₹3,244.86 Cr; −0.61% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare HDFC Conservative Hybrid Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

HDFC Conservative Hybrid vs Parag Parikh Conservative HybridConservative Hybrid
HDFC Conservative Hybrid vs HSBC Conservative HybridConservative Hybrid
HDFC Conservative Hybrid vs ICICI Prudential Conservative HybridConservative Hybrid
HDFC Conservative Hybrid vs Nippon India Conservative HybridConservative Hybrid
HDFC Conservative Hybrid vs Aditya Birla Sun Life Conservative HybridConservative Hybrid
HDFC Conservative Hybrid vs UTI Conservative Hybrid22.8% overlap
HDFC Conservative Hybrid vs HDFC Balanced Advantage21.2% overlap
HDFC Conservative Hybrid vs HDFC Equity Savings20.6% overlap

Compare with any other fund

Frequently Asked Questions for HDFC Conservative Hybrid Fund

What is the current NAV of HDFC Conservative Hybrid Fund?

The Direct plan NAV is ₹88.4516. The Regular plan NAV is ₹82.5544, as on 30-10-2026.

What are the returns of HDFC Conservative Hybrid Fund?

The Direct plan returned −0.09% in 1 year, +7.18% a year over 3 years, +7.38% a year over 5 years. The Regular plan returned −0.62% in 1 year, +6.60% a year over 3 years, +6.82% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of HDFC Conservative Hybrid Fund?

The Direct plan charges 1.18% a year. The Regular plan charges 1.70% a year. This is the figure the fund house reported to AMFI, in force from 11-09-2026.

What is the AUM of HDFC Conservative Hybrid Fund?

HDFC Conservative Hybrid Fund managed ₹3,108.02 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HDFC Conservative Hybrid Fund?

At the end of September 2026 the largest holdings were 7.23% GOI MAT 150439 (3.21%), 7.09% GOI MAT 050854 (3.01%), 7.34% GOI MAT 220464 (2.91%), Indian Railways Finance Corp. Ltd. (2.61%), Floating Rate GOI 2034 (2.48%). The fund held 109 securities in all.

What did HDFC Conservative Hybrid Fund buy and sell in September 2026?

It bought 1 new stock: Hindustan Unilever Ltd. It sold out of 1: ITC LIMITED.

How do I invest in HDFC Conservative Hybrid Fund?

Through HDFC 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 HDFC Conservative Hybrid Fund?

Anupam Joshi (since 07-03-2026), Anand Laddha (since 11-09-2026), Gopal Agrawal (since 01-09-2026), Bhagyesh Kagalkar (since 26-08-2026).

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.