COMPARE
BANDHAN Conservative Hybrid Fund-Direct Plan-Growth vs HSBC Conservative Hybrid Fund - Direct Growth
BANDHAN Conservative Hybrid Fund- and HSBC Conservative Hybrid Fund are both in the Conservative Hybrid Fund category, from Bandhan AMC Limited and HSBC Asset Management (India) Private Ltd. respectively. HSBC Conservative Hybrid Fund has posted a higher 3-year rolling CAGR. BANDHAN Conservative Hybrid Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
BANDHAN Conservative Hybrid Fund- has the lower direct-plan expense ratio, by 0.29 percentage points.
| BANDHAN Conservative Hybrid Fund-Direct Plan-Growth | HSBC Conservative Hybrid Fund - Direct Growth | |
|---|---|---|
| Category | Conservative Hybrid Fund | Conservative Hybrid Fund |
| AMC | Bandhan AMC Limited | HSBC Asset Management (India) Private Ltd. |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | NIFTY 50 Hybrid Composite Debt 15:85 Index |
| NAV | ₹36.8245 (2026-10-28) | ₹70.149 (2026-10-28) |
| AUM | ₹84.427 Cr | ₹146.903 Cr |
| Expense Ratio (Direct) | 0.89% | 1.18% |
| Inception | 2010-01-11 | 2004-01-22 |
Returns
HSBC Conservative Hybrid Fund leads on 3-year rolling CAGR (9.1% vs BANDHAN Conservative Hybrid Fund-'s 7.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
HSBC Conservative Hybrid Fund has been the more volatile of the two by standard deviation.
| BANDHAN Conservative Hybrid Fund-Direct Plan-Growth | HSBC Conservative Hybrid Fund - Direct Growth | |
|---|---|---|
| 3Y Sharpe Ratio | -0.05 | 0.17 |
| 3Y Alpha | 0.1497% | 1.1826% |
| 3Y Std Deviation | 4.1744% | 5.2907% |
| 3Y Calmar Ratio | 1.37 | 1.31 |
Portfolio Analytics
BANDHAN Conservative Hybrid Fund- carries the higher portfolio YTM.
| BANDHAN Conservative Hybrid Fund-Direct Plan-Growth | HSBC Conservative Hybrid Fund - Direct Growth | |
|---|---|---|
| P/E Ratio | 24.7547 | 32.0759 |
| P/B Ratio | - | 15.3738 |
| Dividend Yield | 1.3998% | 0.6814% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | 7.7904% | 7.3815% |
| Duration (Macaulay) | 3.2079 yrs | 4.97 yrs |
Punji Fund Health Score
HSBC Conservative Hybrid Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, BANDHAN Conservative Hybrid Fund- or HSBC Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund's 3-year rolling CAGR of 9.1% is higher than BANDHAN Conservative Hybrid Fund-'s 7.7%. HSBC Conservative Hybrid Fund sits in the 48th percentile of its category on this metric, versus the 19th percentile for BANDHAN Conservative Hybrid Fund- - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, BANDHAN Conservative Hybrid Fund- or HSBC Conservative Hybrid Fund?
BANDHAN Conservative Hybrid Fund-'s direct-plan expense ratio is 0.29 percentage points lower than HSBC Conservative Hybrid Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, BANDHAN Conservative Hybrid Fund- or HSBC Conservative Hybrid Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), HSBC Conservative Hybrid Fund has been more volatile than BANDHAN Conservative Hybrid Fund- over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (-0.05 for BANDHAN Conservative Hybrid Fund- vs 0.17 for HSBC Conservative Hybrid Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, BANDHAN Conservative Hybrid Fund- or HSBC Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund has ₹147 Cr in assets under management, versus ₹84 Cr for BANDHAN Conservative Hybrid Fund-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), BANDHAN Conservative Hybrid Fund- or HSBC Conservative Hybrid Fund?
BANDHAN Conservative Hybrid Fund-'s portfolio YTM (7.7904%) is higher than HSBC Conservative Hybrid Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which has longer duration (more interest-rate sensitivity), BANDHAN Conservative Hybrid Fund- or HSBC Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund has the longer Macaulay duration of the two, meaning its NAV is more sensitive to interest-rate changes - a longer-duration debt fund tends to gain more when rates fall and lose more when rates rise, compared to a shorter-duration fund. Duration is expressed in years but isn't literally about how long you hold the fund; it's a measure of price sensitivity to rate moves. If you expect rates to fall, the longer-duration fund benefits more; if you expect rates to rise or want to minimize that swing, the shorter-duration fund is the more conservative pick.
Which fund has a longer track record, BANDHAN Conservative Hybrid Fund- or HSBC Conservative Hybrid Fund?
HSBC Conservative Hybrid Fund launched on 2004-01-22, making it older than BANDHAN Conservative Hybrid Fund- (launched 2010-01-11). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.