# Conservative Hybrid funds

10% to 25% in shares, the rest in debt.

Full page: https://discovermf.com/categories/conservative-hybrid
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

18 funds managing ₹28,977 cr. Category averages: +0.9% over one year, +6.8% a year over three years; typical expense ratio 1.83%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Parag Parikh Conservative Hybrid Fund](https://discovermf.com/funds/parag-parikh-conservative-hybrid-fund-148959.md) | +1.9% | +8.5% | +8.6% | 2.7% | 0.67% | ₹3,403 cr |
| [ICICI Prudential Conservative Hybrid Fund](https://discovermf.com/funds/icici-prudential-conservative-hybrid-fund-102330.md) | +1.3% | +7.9% | +7.2% | 3.7% | 1.73% | ₹3,237 cr |
| [Nippon India Conservative Hybrid Fund](https://discovermf.com/funds/nippon-india-conservative-hybrid-fund-102172.md) | +4.5% | +7.8% | +7.2% | 2.3% | 1.80% | ₹977 cr |
| [DSP Conservative Hybrid Fund](https://discovermf.com/funds/dsp-conservative-hybrid-fund-102448.md) | +1.9% | +7.7% | +6.8% | 3.5% | 1.25% | ₹174 cr |
| [HSBC Conservative Hybrid Fund](https://discovermf.com/funds/hsbc-conservative-hybrid-fund-102262.md) | -0.0% | +7.7% | +6.1% | 4.4% | 2.19% | ₹148 cr |
| [Aditya Birla Sun Life Conservative Hybrid Fund](https://discovermf.com/funds/aditya-birla-sun-life-conservative-hybrid-fund-101818.md) | +1.6% | +7.6% | +6.8% | 3.5% | 1.80% | ₹1,452 cr |
| [SBI Conservative Hybrid Fund](https://discovermf.com/funds/sbi-conservative-hybrid-fund-100968.md) | +2.1% | +7.6% | +7.4% | 4.1% | 1.49% | ₹9,980 cr |
| [Kotak Conservative Hybrid Fund](https://discovermf.com/funds/kotak-conservative-hybrid-fund-114859.md) | +0.0% | +7.1% | +6.6% | 4.3% | 1.77% | ₹2,585 cr |
| [Franklin India Conservative Hybrid Fund](https://discovermf.com/funds/franklin-india-conservative-hybrid-fund-100948.md) | +0.2% | +7.0% | +6.2% | 3.9% | 1.39% | ₹180 cr |
| [UTI Conservative Hybrid Fund](https://discovermf.com/funds/uti-conservative-hybrid-fund-102535.md) | -0.7% | +6.9% | +6.1% | 4.3% | 1.86% | ₹1,585 cr |
| [HDFC Conservative Hybrid Fund](https://discovermf.com/funds/hdfc-conservative-hybrid-fund-102147.md) | +0.0% | +6.7% | +6.9% | 3.9% | 1.70% | ₹3,086 cr |
| [Baroda BNP Paribas Conservative Hybrid Fund](https://discovermf.com/funds/baroda-bnp-paribas-conservative-hybrid-fund-150203.md) | +1.5% | +6.6% | — | 3.9% | 2.07% | ₹939 cr |
| [Canara Robeco Conservative Hybrid Fund](https://discovermf.com/funds/canara-robeco-conservative-hybrid-fund-100601.md) | +0.6% | +6.4% | +5.6% | 4.0% | 1.89% | ₹801 cr |
| [Bandhan Conservative Hybrid Fund](https://discovermf.com/funds/bandhan-conservative-hybrid-fund-112353.md) | +1.4% | +6.2% | +4.7% | 4.7% | 1.95% | ₹84.6 cr |
| [Bank of India Conservative Hybrid Fund](https://discovermf.com/funds/bank-of-india-conservative-hybrid-fund-111712.md) | +0.6% | +5.5% | +8.7% | 3.4% | 2.27% | ₹68.6 cr |
| [Axis Conservative Hybrid Fund](https://discovermf.com/funds/axis-conservative-hybrid-fund-112924.md) | -0.4% | +5.5% | +4.5% | 3.6% | 2.15% | ₹213 cr |
| [LIC MF Conservative Hybrid Fund](https://discovermf.com/funds/lic-mf-conservative-hybrid-fund-101869.md) | +0.4% | +5.3% | +4.3% | 3.6% | 2.22% | ₹45.2 cr |
| [Sundaram Conservative Hybrid Fund](https://discovermf.com/funds/sundaram-conservative-hybrid-fund-112868.md) | -1.3% | +4.6% | +4.3% | 3.5% | 1.95% | ₹18.4 cr |

## Questions

### How many Conservative Hybrid funds are there?

18 funds, managing ₹28,977 cr between them as of 3 Nov 2026. The largest is SBI Conservative Hybrid Fund, at ₹9,980 cr.

### What return have Conservative Hybrid funds given?

The average Conservative Hybrid fund returned +0.9% over the last year, +6.8% a year over three years, +6.3% a year over five years. Over the last year the funds ranged from -1.3% to +4.5%. Past returns do not tell you future returns.

### Which Conservative Hybrid fund has the lowest expense ratio?

Parag Parikh Conservative Hybrid Fund, at 0.67% a year, against 1.83% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Conservative Hybrid fund has the highest three-year return?

Parag Parikh Conservative Hybrid Fund, at +8.5% a year over the last three years, against +6.8% for the average fund. Past returns do not tell you future returns.

### How risky are Conservative Hybrid funds?

Their volatility over the last year averaged 3.8%: the higher it is, the more the price swings from day to day. 11 of 18 carry the riskometer level Moderately High, on SEBI's six-step scale from Low to Very High.