HDFC Conservative Hybrid Fund
The scheme seeks to generate income/capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities.
Growthvine rating: 4/5 — ranked #3 of 24 in category.
Fund basics
| Category | Hybrid: Conservative |
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| NAV | ₹83.26 (as of 2026-09-11) |
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| AUM | ₹3,201 Cr |
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| Expense ratio | 1.43% |
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| Riskometer | Moderately High |
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| Fund manager | Anupam Joshi |
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| Exit load | For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 7.59% |
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| Sharpe ratio | 0.32 |
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| Standard deviation | 4.63% |
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| Max drawdown | -17.24% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 119.2% of NIFTY 50 Hybrid Composite Debt 15:85 Index's upside and 108.1% of its downside.
Market cap allocation
| Large cap | 83.9% |
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| Mid cap | 11.9% |
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| Small cap | 4.2% |
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Concentration
| Top 5 holdings | 7.5% |
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| Top 10 holdings | 11.2% |
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| Total holdings | 36 |
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Top holdings
- 7.34% GOI MAT 220464 — 3.5%
- 7.23% GOI MAT 150439 — 3.2%
- 7.24% GOI MAT 180855 — 3.0%
- 7.09% GOI MAT 050854 — 3.0%
- Indian Railways Finance Corp. Ltd. — 2.5%
- 6.9% GOI MAT 150465 — 2.4%
- Floating Rate GOI 2034 — 2.4%
- Torrent Power Ltd. — 2.3%
- 7.3% GOI MAT 190653 — 2.3%
- ICICI Bank Ltd. — 2.3%
Top sectors
- Banking & Financial — 7.7%
- Petroleum Products — 1.7%
- Software & Services — 1.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | -0.3% | Q4 (Bottom) | #18 of 20 |
| 2025 | 5.5% | Q3 | #13 of 20 |
| 2024 | 10.5% | Q3 | #11 of 20 |
| 2023 | 13.9% | Q1 (Top) | #2 of 20 |
| 2022 | 6.0% | Q1 (Top) | #3 of 19 |