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Best Conservative Hybrid mutual funds

21 funds in this category, ranked by 3-year rolling CAGR.

#Fund3Y CAGRAMCAUM
#1Parag Parikh Conservative Hybrid Fund11.5%PPFAS Asset Management Pvt. Ltd.₹3,404.72 Cr
#2Kotak Conservative Hybrid Fund11.4%Kotak Mahindra Asset Management Company Limited.₹2,606.32 Cr
#3SBI Conservative Hybrid Fund10.6%SBI Funds Management Limited₹9,971.949 Cr
#4ICICI Prudential Conservative Hybrid Fund10.4%ICICI Prudential Asset Management Company Limited₹3,221.968 Cr
#5HDFC Conservative Hybrid Fund10.3%HDFC Asset Management Company Limited₹3,071.779 Cr
#6Aditya Birla Sun Life Conservative Hybrid Fund10.2%Aditya Birla Sun Life AMC Limited₹1,446.294 Cr
#7BARODA BNP PARIBAS Conservative Hybrid Fund10.0%Baroda BNP Paribas Asset Management India Private Limited₹936.36 Cr
#8UTI Conservative Hybrid Fund9.6%UTI Asset Mgmt. Co. Ltd.₹1,580.354 Cr
#9BANK OF INDIA Conservative Hybrid Fund Fund-9.4%Bank of India Investment Managers Private Limited₹67.61 Cr
#10UTI Conservative Hybrid Fund9.3%UTI Asset Mgmt. Co. Ltd.₹1,580.354 Cr
#11Canara Robeco Conservative Hybrid Fund9.3%Canara Robeco Asset Management Company Limited₹795.202 Cr
#12HSBC Conservative Hybrid Fund9.1%HSBC Asset Management (India) Private Ltd.₹146.903 Cr
#13DSP Conservative Hybrid Fund8.9%DSP Asset Managers Private Limited₹173.456 Cr
#14Franklin India Conservative Hybrid Fund8.7%Franklin Templeton Asset Management (India) Private Limited₹179.13 Cr
#15Sundaram Conservative Hybrid Fund8.6%Sundaram Asset Management Company Ltd₹18.3 Cr
#16Nippon India Conservative Hybrid Fund8.5%Nippon Life India Asset Management Limited₹972.172 Cr
#17Axis Conservative Hybrid Fund8.4%Axis Asset Management Co. Ltd.₹214.765 Cr
#18BANDHAN Conservative Hybrid Fund-7.7%Bandhan AMC Limited₹84.427 Cr
#19LIC MF Conservative Hybrid Fund-7.3%LIC Mutual Fund Asset Management Limited₹44.968 Cr
#20Axis Conservative Hybrid Fund1.7%Axis Asset Management Co. Ltd.₹214.765 Cr
#21Axis Conservative Hybrid Fund0.6%Axis Asset Management Co. Ltd.₹214.765 Cr

Punji tracks 21 Conservative Hybrid Fund funds from 2 AMCs, together managing roughly ₹30,946.56 Cr in assets. Across the 21 funds with a full 3-year track record, the average 3-year rolling CAGR is 8.6%. Parag Parikh Conservative Hybrid Fund leads the category at 11.5% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's Conservative Hybrid Fund funds below.

Conservative Hybrid Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Conservative Hybrid Fund fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 2 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two Conservative Hybrid Fund funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.

Best Conservative Hybrid funds by AMC