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    LIC MF Conservative Hybrid Fund

    Conservative HybridDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    LIC MF Conservative Hybrid Fund is a Conservative Hybrid fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹46 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.2% a year and its Regular plan returned 5.2% a year.

    NAV (Direct plan)
    ₹92.72
    ▼ 0.13%30-10-2026
    NAV (Regular plan)
    ₹82.68
    ▼ 0.13%30-10-2026
    Expense ratio
    1.68%Direct2.24%Regular
    Riskometer
    Moderately High
    Set by the fund house
    3 year return
    6.2%Direct5.2%Regular

    LIC MF Conservative Hybrid Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹92.72 (down 0.13% that day); Regular Plan Growth ₹82.68 (down 0.13% that day).

    LIC MF 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
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)−1.02%−2.15%+0.93%+0.86%+6.20%+5.09%+6.35%
    This fund (Regular)−1.07%−2.29%+0.55%+0.02%+5.20%+4.12%+5.41%
    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 Hybrid17/1816/189/1810/1817/1816/1714/16

    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.

    LIC MF Conservative Hybrid Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegular
    2026to date−0.56%−1.24%
    2025+6.32%+5.28%
    2024+9.29%+8.18%
    2023+8.26%+7.30%
    2022+1.86%+0.92%
    2021+8.30%+7.42%

    LIC MF 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 2,613 periods, one for each trading day from 11-01-2016 to 30-10-2026.

    0%5%10%15%20%
    Nov 2013
    to
    Nov 2016
    Sept 2015
    to
    Sept 2018
    Jul 2017
    to
    Jul 2020
    May 2019
    to
    May 2022
    Mar 2021
    to
    Mar 2024
    Dec 2022
    to
    Dec 2025
    LIC MF Conservative Hybrid Fund (Direct)Category average, 18 Conservative Hybrid funds

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossCategory medianBeat category
    1 year3,0917.8%0.2%18.0%0%8.8%25%
    2 years2,8557.9%2.9%12.4%0%9.9%17%
    3 years2,6137.2%4.2%10.8%0%9.3%20%
    5 years2,1307.4%4.9%9.0%0%8.5%9%
    7 years1,6487.4%6.4%8.5%0%8.5%0%
    10 years9207.5%6.3%7.8%0%9.0%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.

    LIC MF Conservative Hybrid Fund Risk

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

    Risk and return

    MeasureLIC MF Conservative Hybrid Fund (Direct)This fundCategory average
    Return (CAGR)+6.20%+7.62%
    Standard deviation3.40%3.24%
    Sharpe ratio0.050.49
    Sortino ratio0.080.68
    Maximum drawdown−3.4% (23-10-2026)−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.

    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%
    2014201620182020202220242026
    LIC MF Conservative Hybrid Fund (Direct)Category average, 18 Conservative Hybrid funds
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    LIC MF Conservative Hybrid Fund (Direct)−7.9%14-02-202023-03-202023-06-20203 months−2.9%
    Category average−11.2%13-02-202023-03-202021-07-20204 months−2.1%

    From the Direct plan's daily NAV since 09-01-2013, 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.

    LIC MF 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 nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    Parag Parikh Conservative Hybrid Fund1/183,4540.32%+1.84%+8.72%----0.991.39Compare
    HSBC Conservative Hybrid Fund2/181521.19%+0.59%+8.59%----0.530.74Compare
    ICICI Prudential Conservative Hybrid Fund3/183,2701.04%+1.04%+8.45%----0.771.07Compare
    Nippon India Conservative Hybrid Fund4/189771.01%+4.80%+8.44%----1.241.80Compare
    Aditya Birla Sun Life Conservative Hybrid Fund5/181,4670.96%+1.68%+8.39%----0.721.00Compare
    LIC MF Conservative Hybrid Fund17/18461.68%+0.86%+6.20%----0.050.08

    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.

    LIC MF Conservative Hybrid Fund Expense Ratio and Costs

    What each plan charges a year, in force from 01-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioConservative Hybrid medianCost rank (1 = cheapest)
    Direct1.31%0.05%0.00%0.32%1.68%0.99%18/18
    Regular1.82%0.05%0.00%0.37%2.24%1.83%17/18

    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 lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year0.02%0.86%0.84%₹1,00,020₹1,00,860
    3 years5.20%6.20%1.00% a year₹1,16,425₹1,19,777
    5 years4.12%5.09%0.97% a year₹1,22,369₹1,28,176
    10 years5.41%6.35%0.94% a year₹1,69,363₹1,85,087

    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.

    LIC MF 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 09-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planLIC MF Conservative Hybrid Fund (Direct) ₹16,60,000 ₹26,75,086 ₹10,15,086 6.6%
    Regular planLIC MF Conservative Hybrid Fund (Regular) ₹16,60,000 ₹24,91,378 ₹8,31,378 5.6%
    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 planLIC MF Conservative Hybrid Fund (Direct)Regular planLIC MF 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.

    LIC MF Conservative Hybrid Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    61.7%Debt

    AssetFundCategory
    Debt61.7%68.7%
    Cash and others20.6%12.3%
    Equity17.7%19.1%

    Market cap of stocks

    Market capFundCategory
    Large Cap8.8%12.8%
    Mid Cap8.0%3.3%
    Small Cap0.9%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.

    RatingFundCategory
    Sovereign52.9%27.2%
    AAA and A1+8.8%27.4%

    LIC MF Conservative Hybrid Fund Sector Allocation

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

    Largest sectors

    1. Pharmaceuticals & Biotechnology4.2%

    2. Auto Components2.1%

    3. Automobiles2.1%

    4. Banks1.8%

    5. Retailing1.5%

    6. Electrical Equipment1.2%

    7. Agricultural Food & other Products0.9%

    8. Aerospace & Defense0.8%

    9. Finance0.7%

    10. IT - Software0.7%

    The ten largest of 13 sectors. The other 3 add up to 1.8%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Pharmaceuticals & Biotechnology4.0%4.3%4.2%+0.2%
    Auto Components0.7%2.1%2.1%+1.4%
    Automobiles2.1%2.2%2.1%0.0%
    Banks2.7%1.9%1.8%−0.9%
    Retailing0.4%1.5%1.5%+1.1%

    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.

    LIC MF Conservative Hybrid Fund Portfolio Holdings

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

    HoldingsSector / RatingWeight%Holdings trend1M change
    7.32% Government of India · Government securitySOVEREIGN11.38%
    7.17% Government of India · Government securitySOVEREIGN11.36%
    7.65% State Government of Tamil Nadu · State government securitySOVEREIGN11.27%
    6.79% Government of India · Government securitySOVEREIGN11.02%
    8.13% Nuclear Power Corporation · BondCRISIL AAA8.81%
    7.38% Government of India · Government securitySOVEREIGN4.49%
    7.19% State Government of Tamil Nadu · State government securitySOVEREIGN3.33%
    Divi's Laboratories Ltd.Pharmaceuticals & Biotechnology1.32%0.0%
    Ajanta Pharma Ltd.Pharmaceuticals & Biotechnology1.30%+100.0%
    Bajaj Auto Ltd.Automobiles1.19%0.0%

    LIC MF Conservative Hybrid Fund Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    Sun Pharmaceutical Industries Ltd.Reduced−50.0%0.67%
    Ajanta Pharma Ltd.Added+100.0%1.30%
    Coforge Ltd.Sold out−100%was 0.76%

    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 LIC MF Conservative Hybrid Fund bought and sold

    LIC MF Conservative Hybrid Fund Portfolio Overlap

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

    FundOverlapHoldings in common
    Tata Retirement Savings Fund ConservativeSolution · Tata26.6%6Compare
    Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index FundIndex · Edelweiss22.0%3Compare
    LIC MF Children's FundSolution · LIC15.2%14Compare
    Axis Conservative Hybrid FundConservative Hybrid · Axis14.0%6Compare
    DSP Conservative Hybrid FundConservative Hybrid · DSP13.7%4Compare
    Edelweiss Business Cycle FundThematic · Edelweiss12.6%15Compare
    Invesco India Credit Risk FundCredit Risk · Invesco12.1%3Compare
    LIC MF Unit Linked Insurance Scheme (ULIS)ELSS · LIC11.7%14Compare

    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.

    LIC MF Conservative Hybrid Fund Overview

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

    Expense ratio (Direct)
    1.68%
    Expense ratio (Regular)
    2.24%
    Category
    Conservative Hybrid
    Risk
    Moderately High
    Benchmark
    CRISIL Hybrid 85+15 - Conservative Index
    Launch date
    01-06-1998
    Minimum investment
    ₹5,000
    Minimum additional investment
    ₹500
    AUM
    ₹45.84 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    120276
    ISIN (Direct)
    INF767K01EO7
    Scheme code (Regular)
    101869
    ISIN (Regular)
    INF767K01808
    NAV history
    From 09-01-2013, 13.8 years
    Exit load
    Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.

    Tax on LIC MF Conservative Hybrid Fund returns

    • LIC MF 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

    PlanOptionNAVAs on
    directGrowth₹92.715130-10-2026
    directMonthly IDCW₹12.786930-10-2026
    directQuarterly IDCW₹18.45930-10-2026
    directYearly IDCW₹14.133430-10-2026
    regularGrowth₹82.676230-10-2026
    regularMonthly IDCW₹12.312630-10-2026
    regularQuarterly IDCW₹14.167430-10-2026
    regularYearly IDCW₹11.686430-10-2026

    About LIC MF Conservative Hybrid Fund

    LIC MF Conservative Hybrid Fund is a mutual fund from LIC Mutual Fund. Its category is Conservative Hybrid. It was launched on 01-06-1998. Its benchmark is CRISIL Hybrid 85+15 - Conservative Index. At the end of September 2026 it held 30 securities.

    Fund Manager

    • Pratik Harish Shroff

      Fund manager of LIC MF Conservative Hybrid Fund, since 26-09-2023

    • Siddharth Panjwani

      Fund manager of LIC MF Conservative Hybrid Fund, since 01-07-2026

    See all funds of LIC Mutual Fund

    AUM change

    September 2026
    ₹45.84 Cr
    −2.18% from August 2026
    August 2026
    ₹46.86 Cr
    −0.30% from July 2026
    July 2026
    ₹47.00 Cr
    +0.86% from June 2026

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

    Compare LIC MF Conservative Hybrid Fund with Other Funds

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

    Frequently Asked Questions for LIC MF Conservative Hybrid Fund

    What is the current NAV of LIC MF Conservative Hybrid Fund?

    The Direct plan NAV is ₹92.7151. The Regular plan NAV is ₹82.6762, as on 30-10-2026.

    What are the returns of LIC MF Conservative Hybrid Fund?

    The Direct plan returned +0.86% in 1 year, +6.20% a year over 3 years, +5.09% a year over 5 years. The Regular plan returned +0.02% in 1 year, +5.20% a year over 3 years, +4.12% a year over 5 years. These figures are as on 30-10-2026.

    What is the expense ratio of LIC MF Conservative Hybrid Fund?

    The Direct plan charges 1.68% a year. The Regular plan charges 2.24% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

    What is the AUM of LIC MF Conservative Hybrid Fund?

    LIC MF Conservative Hybrid Fund managed ₹45.84 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of LIC MF Conservative Hybrid Fund?

    At the end of September 2026 the largest holdings were 7.32% Government of India (11.38%), 7.17% Government of India (11.36%), 7.65% State Government of Tamil Nadu (11.27%), 6.79% Government of India (11.02%), 8.13% Nuclear Power Corporation (8.81%). The fund held 30 securities in all.

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

    It sold out of 1: Coforge Ltd. It added shares in 1. It reduced 1.

    How do I invest in LIC MF Conservative Hybrid Fund?

    Through LIC 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 ₹5,000. You can invest once or through a monthly SIP.

    Who is the fund manager of LIC MF Conservative Hybrid Fund?

    Pratik Harish Shroff (since 26-09-2023), Siddharth Panjwani (since 01-07-2026).

    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.

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