HSBC Conservative Hybrid Fund is a Conservative Hybrid fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹152 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.6% a year and its Regular plan returned 7.6% a year.
NAV (Direct plan)
₹70.22
▼ 0.05% · 30-10-2026
NAV (Regular plan)
₹61.97
▼ 0.05% · 30-10-2026
Expense ratio
1.19%Direct2.19%Regular
1.19%
A year
Riskometer
Moderately High
Set by the fund house
3 year return
8.6%Direct7.6%Regular
8.6%
A year
HSBC Conservative Hybrid Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹70.22 (down 0.05% that day); Regular Plan Growth ₹61.97 (down 0.05% that day).
This fund (Direct plan)
₹70.2164
HSBC 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)
−0.65%
−2.24%
+0.16%
+0.59%
+8.59%
+7.14%
+7.72%
This fund (Regular)
−0.73%
−2.48%
−0.33%
−0.41%
+7.62%
+6.08%
+6.60%
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
13/18
18/18
17/18
12/18
2/18
10/17
8/16
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.
HSBC Conservative Hybrid Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+2.01%
+1.16%
2025
+2.77%
+1.86%
2024
+16.93%
+15.97%
2023
+12.29%
+11.36%
2022
+1.98%
+0.65%
2021
+9.85%
+8.15%
HSBC 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 2,614 periods, one for each trading day from 11-01-2016 to 30-10-2026.
0%5%10%15%20%
HSBC 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
HSBC Conservative Hybrid Fund (Direct)Category average, 18 Conservative Hybrid funds
0%
0%
Below 0%
3%
6%
0-5%
65%
63%
5-10%
33%
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
3,088
9.2%
−2.5%
26.9%
4%
8.8%
41%
2 years
2,854
9.3%
2.0%
17.9%
0%
9.9%
43%
3 years
2,614
9.1%
2.7%
14.5%
0%
9.3%
46%
5 years
2,129
8.6%
4.7%
12.0%
0%
8.5%
52%
7 years
1,647
8.7%
7.2%
10.4%
0%
8.5%
39%
10 years
919
8.8%
7.6%
9.7%
0%
9.0%
25%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
154
9.1%
−5.9%
26.1%
8%
8.7%
42%
2 years
142
9.1%
0.9%
20.1%
0%
9.1%
37%
3 years
130
8.8%
1.7%
14.1%
0%
9.4%
45%
5 years
106
8.6%
3.9%
12.1%
0%
8.6%
55%
7 years
82
8.7%
5.7%
11.0%
0%
8.5%
62%
10 years
46
8.8%
7.7%
9.9%
0%
8.9%
57%
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.
HSBC Conservative Hybrid Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+0.59%
+1.02%
Standard deviation
4.29%
3.40%
Sharpe ratio
-1.09
-1.24
Sortino ratio
-1.43
-1.65
Maximum drawdown
−3.8%
(23-10-2026)
−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
HSBC Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+8.59%
+7.62%
Standard deviation
4.79%
3.24%
Sharpe ratio
0.53
0.49
Sortino ratio
0.74
0.68
Maximum drawdown
−6.1%
(03-03-2025)
−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
HSBC Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+7.14%
+7.17%
Standard deviation
4.50%
3.26%
Sharpe ratio
0.30
0.42
Sortino ratio
0.41
0.57
Maximum drawdown
−6.1%
(03-03-2025)
−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
HSBC Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+7.72%
+7.59%
Standard deviation
4.72%
3.83%
Sharpe ratio
0.49
0.57
Sortino ratio
0.67
0.77
Maximum drawdown
−10.4%
(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
HSBC Conservative Hybrid Fund (Direct)This fund
Category average
Return (CAGR)
+8.53%
+8.70%
Standard deviation
4.84%
3.97%
Sharpe ratio
0.51
0.67
Sortino ratio
0.70
0.90
Maximum drawdown
−10.4%
(23-03-2020)
−11.2%
(23-03-2020)
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.
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.
−12%−10%−8%−6%−4%−2%0%
HSBC Conservative Hybrid Fund (Direct)
Category average, 18 Conservative Hybrid funds
2014201620182020202220242026
HSBC 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
HSBC Conservative Hybrid Fund (Direct)
−10.4%
14-02-2020
23-03-2020
01-07-2020
3 months
−3.0%
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 11-01-2013, 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.
HSBC 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.
HSBC Conservative Hybrid Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Conservative Hybrid median
Cost rank (1 = cheapest)
Direct
0.96%
0.02%
0.00%
0.21%
1.19%
0.99%
16/18
Regular
1.81%
0.02%
0.00%
0.36%
2.19%
1.83%
16/18
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
−0.41%
0.59%
1.00%
₹99,590
₹1,00,590
3 years
7.62%
8.59%
0.97% a year
₹1,24,646
₹1,28,047
5 years
6.08%
7.14%
1.06% a year
₹1,34,328
₹1,41,175
10 years
6.60%
7.72%
1.12% a year
₹1,89,484
₹2,10,360
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.
HSBC 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 11-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planHSBC Conservative Hybrid Fund (Direct)
₹16,60,000
₹30,12,887
₹13,52,887
8.2%
Regular planHSBC Conservative Hybrid Fund (Regular)
Direct planHSBC Conservative Hybrid Fund (Direct)Regular planHSBC 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.
HSBC Conservative Hybrid Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
68.5%Debt
Asset
Fund
Category
Debt
68.5%
68.7%
Equity
22.1%
19.1%
Cash and others
9.4%
12.3%
Market cap of stocks
Market cap
Fund
Category
Large Cap
12.9%
12.8%
Mid Cap
7.0%
3.3%
Small Cap
1.3%
2.7%
Not on AMFI's list
0.9%
0.2%
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
43.1%
27.2%
AAA and A1+
25.4%
27.4%
HSBC Conservative Hybrid Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks7.1%
Electrical Equipment4.5%
Industrial Products3.6%
IT - Software2.6%
Auto Components0.9%
Aerospace & Defense0.8%
Finance0.7%
Construction0.6%
Industrial Manufacturing0.5%
Consumer Durables0.4%
The ten largest of 13 sectors. The other 3 add up to 0.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
7.6%
7.3%
7.1%
−0.5%
Electrical Equipment
3.2%
3.3%
4.5%
+1.3%
Industrial Products
1.0%
1.1%
3.6%
+2.6%
IT - Software
0.9%
0.9%
2.6%
+1.7%
Auto Components
--
--
0.9%
--
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.
HSBC Conservative Hybrid Fund Portfolio Holdings
As on 30-09-2026 · 46 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
7.72% Maharashtra SDL - 23-Mar-2032 · State government security
SOVEREIGN
9.96%
REC Limited · Bond
CRISIL AAA
6.86%
NABARD · Bond
CRISIL AAA
6.58%
6.53% GOI 07-Sep-2031 · Government security
SOVEREIGN
6.53%
6.48% GOI 06Oct2035 · Government security
SOVEREIGN
3.90%
7.10% GOI - 18-Apr-2029 · Government security
SOVEREIGN
3.44%
7.32% GOI - 13-Nov-2030 · Government security
SOVEREIGN
3.44%
GOI FRB 04OCT2028 · Government security
SOVEREIGN
3.42%
National Housing Bank · Bond
IND AAA
3.40%
Indian Railway Finance Corporation Ltd · Bond
CARE AAA
3.39%
6.94% GOI 11-May-2036 · Government security
SOVEREIGN
3.33%
6.79% GOI - 07-Oct-2034 · Government security
SOVEREIGN
3.33%
SIDBI · Bond
CRISIL AAA
3.28%
6.9% GOI 15-Apr-2065 · Government security
SOVEREIGN
3.06%
HDFC Bank Limited
Banks
2.83%
0.0%
Polycab India Limited
Industrial Products
2.65%
New
6.01% GOI 21Jul2030 · Government security
SOVEREIGN
2.59%
ICICI Bank Limited
Banks
2.35%
0.0%
Liquid Gold Series 24
CRISIL AAA(SO)
1.92%
The Federal Bank Limited
Banks
1.88%
0.0%
Coforge Limited
IT - Software
1.73%
New
Hitachi Energy India Limited
Electrical Equipment
1.31%
New
GE Vernova T&D India Limited
Electrical Equipment
1.11%
0.0%
KEI Industries Limited
Industrial Products
0.92%
0.0%
Dhoot Transmission Limited
Auto Components
0.88%
New
CG Power And Industrial Solutions Ltd
Electrical Equipment
0.84%
0.0%
Bharat Electronics Limited
Aerospace & Defense
0.77%
0.0%
PERSISTENT SYSTEMS LTD
IT - Software
0.70%
0.0%
Cholamandalam Invest & Finance Co Ltd
Finance
0.62%
0.0%
Larsen & Toubro Limited
Construction
0.62%
0.0%
Siemens Limited
Electrical Equipment
0.61%
0.0%
Siemens Energy India Limited
Electrical Equipment
0.53%
0.0%
Kaynes Technology India Ltd.
Industrial Manufacturing
0.46%
0.0%
SAFARI INDUSTRIES (INDIA) LIMITED
Consumer Durables
0.41%
0.0%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)
AIF
0.32%
Aditya Vision Ltd
Retailing
0.29%
0.0%
Billionbrains Garage Ventures Ltd.
Capital Markets
0.12%
0.0%
KPIT Technologies Limited
IT - Software
0.10%
0.0%
Trent Limited
Retailing
0.10%
0.0%
Sundaram Finance Limited
Finance
0.08%
0.0%
Infosys Limited
IT - Software
0.08%
0.0%
7.09% GOI 25-Nov-2074 · Government security
SOVEREIGN
0.06%
TD Power Systems Limited
Electrical Equipment
0.04%
0.0%
Suzlon Energy Limited
Electrical Equipment
0.04%
0.0%
ABB India Limited
Electrical Equipment
0.02%
0.0%
Medi Assist Healthcare Services Limited
Insurance
0.01%
0.0%
HSBC Conservative Hybrid Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Polycab India Limited
↑New
New
2.65%
Coforge Limited
↑New
New
1.73%
Hitachi Energy India Limited
↑New
New
1.31%
Dhoot Transmission Limited
↑New
New
0.88%
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.
HSBC Conservative Hybrid Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.19%
Expense ratio (Regular)
2.19%
Category
Conservative Hybrid
Risk
Moderately High
Launch date
24-02-2004
Minimum investment
Rs. 5,000 per application
Minimum additional investment
₹1,000
AUM
₹151.68 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
120073
ISIN (Direct)
INF336L01DW4
Scheme code (Regular)
102262
ISIN (Regular)
INF336L01099
NAV history
From 11-01-2013, 13.8 years
Benchmark
Nifty 50 Hybrid Composite Debt 15:85 Conservative Index
Exit load
Nil
Tax on HSBC Conservative Hybrid Fund returns
HSBC 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
₹70.2164
30-10-2026
direct
Monthly IDCW
₹16.5959
30-10-2026
direct
Quarterly IDCW
₹14.3604
30-10-2026
regular
Growth
₹61.9697
30-10-2026
regular
Monthly IDCW
₹12.2692
30-10-2026
regular
Quarterly IDCW
₹16.1685
30-10-2026
About HSBC Conservative Hybrid Fund
HSBC Conservative Hybrid Fund is a mutual fund from HSBC Mutual Fund. Its category is Conservative Hybrid. It was launched on 24-02-2004. Its benchmark is Nifty 50 Hybrid Composite Debt 15:85 Conservative Index. At the end of September 2026 it held 46 securities.
Fund Manager
Mahesh Chhabria
Fund manager of HSBC Conservative Hybrid Fund, since 15-07-2023
Mohd. Asif Rizwi
Fund manager of HSBC Conservative Hybrid Fund, since 01-02-2025
Cheenu Gupta
Fund manager of HSBC Conservative Hybrid Fund, since 26-11-2022
Abhishek Gupta
Fund manager of HSBC Conservative Hybrid Fund, since 01-04-2024
Mayank Chaturvedi
Fund manager of HSBC Conservative Hybrid Fund, since 01-10-2025
Dipan S. Parikh
Fund manager of HSBC Conservative Hybrid Fund, since 26-08-2026
Frequently Asked Questions for HSBC Conservative Hybrid Fund
What is the current NAV of HSBC Conservative Hybrid Fund?
The Direct plan NAV is ₹70.2164. The Regular plan NAV is ₹61.9697, as on 30-10-2026.
What are the returns of HSBC Conservative Hybrid Fund?
The Direct plan returned +0.59% in 1 year, +8.59% a year over 3 years, +7.14% a year over 5 years. The Regular plan returned −0.41% in 1 year, +7.62% a year over 3 years, +6.08% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC Conservative Hybrid Fund?
The Direct plan charges 1.19% a year. The Regular plan charges 2.19% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of HSBC Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund managed ₹151.68 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC Conservative Hybrid Fund?
At the end of September 2026 the largest holdings were 7.72% Maharashtra SDL - 23-Mar-2032 (9.96%), REC Limited (6.86%), NABARD (6.58%), 6.53% GOI 07-Sep-2031 (6.53%), 6.48% GOI 06Oct2035 (3.90%). The fund held 46 securities in all.
What did HSBC Conservative Hybrid Fund buy and sell in September 2026?
It bought 4 new stocks: Dhoot Transmission Limited, Hitachi Energy India Limited, Polycab India Limited, Coforge Limited.
How do I invest in HSBC Conservative Hybrid Fund?
Through HSBC 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 Rs. 5,000 per application. You can invest once or through a monthly SIP.
Who is the fund manager of HSBC 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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