Parag Parikh Conservative Hybrid Fund

Conservative HybridDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Parag Parikh Conservative Hybrid Fund is a Conservative Hybrid fund run by PPFAS Mutual Fund. On 30-09-2026, it managed ₹3,454 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.7% a year and its Regular plan returned 8.4% a year.

NAV (Direct plan): ₹15.85; ▲ 0.17%30-10-2026
NAV (Regular plan): ₹15.59; ▲ 0.17%30-10-2026
Expense ratio: 0.32%Direct0.67%Regular; 0.32%; A year
Riskometer: Moderately High; Set by the fund house
3 year return: 8.7%Direct8.4%Regular; 8.7%; A year

Parag Parikh Conservative Hybrid Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹15.85 (up 0.17% that day); Regular Plan Growth ₹15.59 (up 0.17% that day).

This fund (Direct plan)

₹15.8491

Parag Parikh 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)	−1.26%	−1.85%	+0.31%	+1.84%	+8.72%	+8.79%	--
This fund (Regular)	−1.28%	−1.94%	+0.13%	+1.50%	+8.39%	+8.46%	--
Conservative Hybrid average	−0.46%	−1.48%	+0.87%	+1.02%	+7.61%	+7.13%	--
Best in Conservative Hybrid	+0.16%	−0.05%	+2.51%	+4.80%	+8.72%	+9.43%	--
Worst in Conservative Hybrid	−1.26%	−2.24%	+0.10%	−1.40%	+5.41%	+5.09%	--
Rank in Conservative Hybrid	18/18	14/18	15/18	4/18	1/18	2/17	--

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.

Parag Parikh Conservative Hybrid Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+1.59%	+1.31%
2025	+7.75%	+7.43%
2024	+12.83%	+12.49%
2023	+14.03%	+13.69%
2022	+7.87%	+7.55%

Parag Parikh 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 590 periods, one for each trading day from 28-05-2024 to 30-10-2026.

0%5%10%15%

Aug 2021
to
Aug 2024Jan 2022
to
Jan 2025Jun 2022
to
Jun 2025Nov 2022
to
Nov 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026

Parag Parikh 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	1,072	8.9%	1.5%	19.8%	0%	7.9%	95%
2 years	829	11.7%	4.6%	15.4%	0%	9.6%	100%
3 years	590	11.5%	8.6%	13.0%	0%	9.6%	100%
5 years	104	9.6%	8.6%	10.1%	0%	8.2%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	54	8.4%	2.4%	20.4%	0%	7.5%	93%
2 years	42	10.8%	4.5%	16.8%	0%	8.7%	100%
3 years	30	11.6%	6.2%	14.4%	0%	9.8%	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.

Parag Parikh Conservative Hybrid Fund Risk

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

Risk and return

Measure	Parag Parikh Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+1.84%	+1.02%
Standard deviation	2.66%	3.40%
Sharpe ratio	-1.28	-1.24
Sortino ratio	-1.67	-1.65
Maximum drawdown	−2.5% (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	Parag Parikh Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+8.72%	+7.62%
Standard deviation	2.72%	3.24%
Sharpe ratio	0.99	0.49
Sortino ratio	1.39	0.68
Maximum drawdown	−2.5% (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.

Measure	Parag Parikh Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+8.79%	+7.17%
Standard deviation	2.91%	3.26%
Sharpe ratio	1.03	0.42
Sortino ratio	1.47	0.57
Maximum drawdown	−2.5% (23-10-2026)	−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	Parag Parikh Conservative Hybrid Fund (Direct)This fund	Category average
Return (CAGR)	+8.86%	+7.77%
Standard deviation	2.91%	3.20%
Sharpe ratio	1.12	0.68
Sortino ratio	1.61	0.94
Maximum drawdown	−2.5% (23-10-2026)	−3.9% (17-06-2022)

From daily NAVs, 28-05-2021 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.

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.

−4%−3%−2%−1%0%

20222023202420252026

Parag Parikh 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
Parag Parikh Conservative Hybrid Fund (Direct)	−2.5%	14-08-2026	23-10-2026	Not yet	--	−2.3%
Category average	−3.9%	05-04-2022	17-06-2022	01-08-2022	45 days	−2.1%

From the Direct plan's daily NAV since 28-05-2021, 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.

Parag Parikh 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
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

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.

Parag Parikh 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	0.24%	0.01%	0.00%	0.07%	0.32%	0.99%	1/18
Regular	0.54%	0.01%	0.00%	0.12%	0.67%	1.83%	1/18

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	1.50%	1.84%	0.34%	₹1,01,500	₹1,01,840
3 years	8.39%	8.72%	0.33% a year	₹1,27,341	₹1,28,507
5 years	8.46%	8.79%	0.33% a year	₹1,50,089	₹1,52,386

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.

Parag Parikh 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 28-05-2021 to 30-10-2026: 66 instalments, ₹6,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planParag Parikh Conservative Hybrid Fund (Direct)	₹6,60,000	₹8,25,430	₹1,65,430	8.1%
Regular planParag Parikh Conservative Hybrid Fund (Regular)	₹6,60,000	₹8,17,756	₹1,57,756	7.7%
Category averageCategory average, 18 Conservative Hybrid funds	₹6,60,000	₹7,96,635	₹1,36,635	6.8%

₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L₹10.0 L

20222023202420252026

Direct planParag Parikh Conservative Hybrid Fund (Direct)Regular planParag Parikh 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.

Parag Parikh Conservative Hybrid Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

74.0%Debt

Asset	Fund	Category
Debt	74.0%	68.7%
Cash and others	16.2%	12.3%
Equity	9.8%	19.1%

Market cap of stocks

Market cap	Fund	Category
Large Cap	7.1%	12.8%
Mid Cap	2.1%	3.3%
Small Cap	0.6%	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	52.4%	27.2%
AAA and A1+	21.6%	27.4%

Parag Parikh Conservative Hybrid Fund Sector Allocation

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

Largest sectors

Gas2.1%
Consumable Fuels2.1%
Diversified FMCG2.0%
Power2.0%
Finance1.0%
Industrial Products0.6%
Telecom - Services0.1%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Gas	2.0%	2.2%	2.1%	0.0%
Consumable Fuels	2.0%	1.9%	2.1%	+0.1%
Diversified FMCG	2.0%	1.8%	2.0%	0.0%
Power	2.0%	1.9%	2.0%	0.0%
Finance	1.0%	0.8%	1.0%	0.0%

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.

Parag Parikh Conservative Hybrid Fund Portfolio Holdings

As on 30-09-2026 · 78 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
7.21% Tamilnadu SDL (MD 21/01/2032) · State government security	Sovereign	5.55%
Brookfield India Real Estate Trust	Realty	5.06%
Embassy Office Parks REIT	Realty	5.01%
7.08% Uttar Pradesh SDL (MD 17/02/2031) · State government security	Sovereign	4.27%
7.08% Karnataka SDL (MD 12/08/2031) · State government security	Sovereign	3.99%
7.72% Maharashtra SDL (MD 01/03/2031) · State government security	Sovereign	3.66%
7.72% Maharashtra SDL (MD 23/03/2032) · State government security	Sovereign	2.91%
7.38% Karnataka SDL (MD 04/09/2034) · State government security	Sovereign	2.69%
7.73% Maharashtra SDL (MD 29/03/2032) · State government security	Sovereign	2.48%
8.15% Tata Capital Ltd NCD (MD 11/06/2029) · Bond	CRISIL AAA	2.46%
Knowledge Realty Trust	Realty	2.34%
7.76% Maharashtra SDL (MD 04/10/2030) · State government security	Sovereign	2.20%
7.75% LIC Housing Fin Ltd NCD Tr444 (MD23/08/29) · Bond	CRISIL AAA	2.16%
7.49% SIDBI NCD Ser VIII (MD 11/06/2029) · Bond	CRISIL AAA	2.15%
7.42% SIDBI NCD Sr VII (MD 12/03/2029) · Bond	CRISIL AAA	2.15%
7.49% Embassy Off Park RE NCD Sr XVII (22/06/2029) · Bond	CRISIL AAA	2.14%
Petronet LNG Limited	Gas	2.09%	0.0%
Coal India Limited	Consumable Fuels	2.07%	0.0%
ITC Limited	Diversified FMCG	2.02%	+8.1%
Power Grid Corporation of India Limited	Power	1.97%	+7.2%
6.78% Maharashtra SDL (MD 25/05/2031) · State government security	Sovereign	1.55%
7.82% Tamilnadu SDL (MD 27/10/2032) · State government security	Sovereign	1.46%
7.61% Gujarat SDL (MD 03/08/2032) · State government security	Sovereign	1.45%
7.64% NABARD Sr 25B NCD (MD 06/12/2029) · Bond	ICRA AAA	1.44%
7.33% Maharashtra SDL (MD 31/05/2031) · State government security	Sovereign	1.44%
7.3763% Bajaj Fina NCD (MD 26/06/2028) · Bond	CRISIL AAA	1.43%
7.01% Gujarat SDL (MD 03/09/2031) · State government security	Sovereign	1.42%
7.12% Tamilnadu SDL (MD 18/02/2032) · State government security	Sovereign	1.42%
7.36% Karnataka SDL (MD 13/03/2034) · State government security	Sovereign	1.42%
7.14% Madhya Pradesh SDL (MD 19/03/2032) · State government security	Sovereign	1.42%
7.40 % NABARD NCD Sr 25D (MD 29/04/2030) · Bond	CRISIL AAA	1.42%
7.17% Uttar Pradesh SDL (MD 10/03/2031) · State government security	Sovereign	1.29%
7.39% Tamilnadu SDL (MD 10/05/2033) · State government security	Sovereign	1.29%
7.7% Karnataka SDL (MD 08/11/2033) · State government security	Sovereign	1.16%
Parag Parikh Liquid Fund- Direct Plan- Growth		1.01%
7.6% Karnataka SDL (MD 04/01/2033) · State government security	Sovereign	1.01%
Power Finance Corporation Limited	Finance	0.97%	+24.2%
7.02% GOI (MD 18/06/2031) · Government security	Sovereign	0.73%
7.7% Maharashtra SDL (MD 08/03/2031) · State government security	Sovereign	0.73%
7.5% Tamilnadu SDL (MD 24/04/2031) · State government security	Sovereign	0.73%
7.39% SIDBI NCD Ser IX (MD 21/03/2030) · Bond	CRISIL AAA	0.71%
7.7% Bajaj Fin Ltd NCD (MD 20/09/2029) · Bond	CRISIL AAA	0.71%
7.60% Bajaj Fin Ltd NCD Opt 1 (MD 11/02/2030) · Bond	CRISIL AAA	0.71%
7.16% NABARD NCD SR 27A (MD 14/12/2029) · Bond	ICRA AAA	0.71%
7.38% Bajaj Finance Ltd NCD Opt II (MD 28/06/2030) · Bond	CRISIL AAA	0.70%
7.03%National Bk Fin Infra tranch I NCD (MD8/4/30) · Bond	CRISIL AAA	0.70%
6.86% National Bk Fin Infra TR I (MD 13/11/2030) · Bond	CRISIL AAA	0.70%
7.07% LIC Hsg Fin Tr 455 NCD (MD 29/04/2030) · Bond	CRISIL AAA	0.70%
6.89% Karnataka SDL (MD 15/12/2033) · State government security	Sovereign	0.69%
Swaraj Engines Limited	Industrial Products	0.64%	0.0%
8.48% Kerala SDL (MD 08/08/2030) · State government security	Sovereign	0.45%
7.07% IndiGrid Inf NCD SR AF (20/06/2030) · Bond	CRISIL AAA	0.42%
6.75% Karnataka SDL (MD 14/10/2033) · State government security	Sovereign	0.41%
8.43% Andhra Pradesh SDL (MD 05/12/2030) · State government security	Sovereign	0.30%
7.84% Rajasthan SDL (MD 27/10/2032) · State government security	Sovereign	0.29%
7.78% Rajasthan SDL (MD 29/03/2033) · State government security	Sovereign	0.29%
7.34% Maharashtra SDL (MD 14/06/2031) · State government security	Sovereign	0.29%
7.83% Rajasthan SDL (MD 22/06/2032) · State government security	Sovereign	0.29%
7.03% Karnataka SDL (MD 26/09/2033) · State government security	Sovereign	0.28%
Corporate Debt Market Development Fund - Class A2 Units		0.28%
7.05% Maharashtra SDL (MD 07/10/2032) · State government security	Sovereign	0.28%
7.1% Tamilnadu SDL (MD 27/11/2032) · State government security	Sovereign	0.28%
7.12% Gujarat SDL (MD 02/03/2032) · State government security	Sovereign	0.28%
6.88% Karnataka SDL (MD 08/12/2032) · State government security	Sovereign	0.28%
7.15% Karnataka SDL (MD 28/07/2031) · State government security	Sovereign	0.17%
8.61% Punjab SDL (MD 14/11/2028) · State government security	Sovereign	0.15%
8.5% Andhra Pradesh SDL (MD 28/03/2029) · State government security	Sovereign	0.15%
6.97% Tamilnadu SDL (MD 13/10/2031) · State government security	Sovereign	0.14%
7.22% Karnataka SDL (MD 05/09/2032) · State government security	Sovereign	0.14%
6.83% Karnataka SDL (MD 15/12/2031) · State government security	Sovereign	0.14%
7.7% Rajasthan SDL (MD 18/05/2032) · State government security	Sovereign	0.14%
7.32% Maharashtra SDL (MD 31/05/2032) · State government security	Sovereign	0.14%
7.21% Tamilnadu SDL (MD 05/09/2032) · State government security	Sovereign	0.14%
7.3% Tamilnadu SDL (MD 30/03/2032) · State government security	Sovereign	0.14%
6.97% Tamilnadu SDL (MD 18/08/2031) · State government security	Sovereign	0.14%
364 Days Tbill (MD 01/07/2027) · Treasury bill	Sovereign	0.14%
7.7% IndiGRID Infra Trust Ser 3 (MD 06/05/2028) · Bond	CRISIL AAA	0.14%
Indus Towers Limited	Telecom - Services	0.07%	0.0%

Parag Parikh Conservative Hybrid Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

ITC Limited	Added	+8.1%	2.02%
Power Grid Corporation of India Limited	Added	+7.2%	1.97%
Power Finance Corporation Limited	Added	+24.2%	0.97%

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 Parag Parikh Conservative Hybrid Fund bought and sold

Parag Parikh Conservative Hybrid Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Parag Parikh Dynamic Asset Allocation FundBalanced Advantage · PPFAS	62.4%	47	Compare
Parag Parikh Flexi Cap FundFlexi Cap · PPFAS	13.7%	11	Compare
Franklin India Dividend Yield FundDividend Yield · Franklin Templeton	13.4%	7	Compare
WhiteOak Capital Dividend Yield FundDividend Yield · WhiteOak Capital	12.8%	5	Compare
HDFC BSE REITS and Commercial Real Estate Index FundIndex · HDFC	12.4%	3	Compare
Edelweiss Nifty REITs & Realty Index FundIndex · Edelweiss	12.4%	3	Compare
Parag Parikh ELSS Tax Saver FundELSS · PPFAS	12.2%	10	Compare
Sundaram Dividend Yield FundDividend Yield · Sundaram	11.4%	5	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.

Parag Parikh Conservative Hybrid Fund Overview

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

Expense ratio (Direct): 0.32%
Expense ratio (Regular): 0.67%
Category: Conservative Hybrid
Risk: Moderately High
Benchmark: CRISIL Hybrid 85+15 - Conservative Index
Launch date: 26-05-2021
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹3,453.72 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 148958
ISIN (Direct): INF879O01175
Scheme code (Regular): 148959
ISIN (Regular): INF879O01209
NAV history: From 28-05-2021, 5.4 years

Exit load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Tax on Parag Parikh Conservative Hybrid Fund returns

Parag Parikh 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	₹15.8491	30-10-2026
direct	Monthly IDCW Payout	₹10.6857	30-10-2026
regular	Growth	₹15.5894	30-10-2026
regular	Monthly IDCW Payout	₹10.4429	30-10-2026

About Parag Parikh Conservative Hybrid Fund

Parag Parikh Conservative Hybrid Fund is a mutual fund from PPFAS Mutual Fund. Its category is Conservative Hybrid. It was launched on 26-05-2021. Its benchmark is CRISIL Hybrid 85+15 - Conservative Index. At the end of September 2026 it held 78 securities.

Fund Manager

Rajeev Thakkar
Fund manager of Parag Parikh Conservative Hybrid Fund, since 26-05-2021
Raunak Onkar
Fund manager of Parag Parikh Conservative Hybrid Fund, since 26-05-2021
Rukun Tarachandani
Fund manager of Parag Parikh Conservative Hybrid Fund, since 16-05-2022
Raj Mehta
Fund manager of Parag Parikh Conservative Hybrid Fund, since 01-09-2025
Tejas Soman
Fund manager of Parag Parikh Conservative Hybrid Fund, since 01-09-2025
Mansi Kariya
Fund manager of Parag Parikh Conservative Hybrid Fund, since 22-12-2023

See all funds of PPFAS Mutual Fund

AUM change

September 2026: ₹3,453.72 Cr; −0.80% from August 2026
August 2026: ₹3,481.42 Cr; +0.23% from July 2026
July 2026: ₹3,473.41 Cr; +1.59% from June 2026

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

Compare Parag Parikh Conservative Hybrid Fund with Other Funds

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

Parag Parikh Conservative Hybrid vs HSBC Conservative HybridConservative Hybrid
Parag Parikh Conservative Hybrid vs ICICI Prudential Conservative HybridConservative Hybrid
Parag Parikh Conservative Hybrid vs Nippon India Conservative HybridConservative Hybrid
Parag Parikh Conservative Hybrid vs Aditya Birla Sun Life Conservative HybridConservative Hybrid
Parag Parikh Conservative Hybrid vs Parag Parikh Dynamic Asset Allocation62.4% overlap
Parag Parikh Conservative Hybrid vs Parag Parikh Flexi Cap13.7% overlap
Parag Parikh Conservative Hybrid vs Franklin India Dividend Yield13.4% overlap
Parag Parikh Conservative Hybrid vs WhiteOak Capital Dividend Yield12.8% overlap

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Frequently Asked Questions for Parag Parikh Conservative Hybrid Fund

What is the current NAV of Parag Parikh Conservative Hybrid Fund?

The Direct plan NAV is ₹15.8491. The Regular plan NAV is ₹15.5894, as on 30-10-2026.

What are the returns of Parag Parikh Conservative Hybrid Fund?

The Direct plan returned +1.84% in 1 year, +8.72% a year over 3 years, +8.79% a year over 5 years. The Regular plan returned +1.50% in 1 year, +8.39% a year over 3 years, +8.46% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Parag Parikh Conservative Hybrid Fund?

The Direct plan charges 0.32% a year. The Regular plan charges 0.67% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of Parag Parikh Conservative Hybrid Fund?

Parag Parikh Conservative Hybrid Fund managed ₹3,453.72 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Parag Parikh Conservative Hybrid Fund?

At the end of September 2026 the largest holdings were 7.21% Tamilnadu SDL (MD 21/01/2032) (5.55%), BIRET-RR (5.06%), EMBASSY-RR (5.01%), 7.08% Uttar Pradesh SDL (MD 17/02/2031) (4.27%), 7.08% Karnataka SDL (MD 12/08/2031) (3.99%). The fund held 78 securities in all.

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

It added shares in 3.

How do I invest in Parag Parikh Conservative Hybrid Fund?

Through PPFAS 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 Parag Parikh Conservative Hybrid Fund?

Rajeev Thakkar (since 26-05-2021), Raunak Onkar (since 26-05-2021), Rukun Tarachandani (since 16-05-2022), Raj Mehta (since 01-09-2025), Tejas Soman (since 01-09-2025), Mansi Kariya (since 22-12-2023).

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.