COMPARE
BANDHAN Conservative Hybrid Fund-Direct Plan-Growth vs Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth
BANDHAN Conservative Hybrid Fund- and Parag Parikh Conservative Hybrid Fund are both in the Conservative Hybrid Fund category, from Bandhan AMC Limited and PPFAS Asset Management Pvt. Ltd. respectively. BANDHAN Conservative Hybrid Fund- has posted a higher 3-year rolling CAGR. Parag Parikh Conservative Hybrid Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Parag Parikh Conservative Hybrid Fund has the lower direct-plan expense ratio, by 0.57 percentage points.
| BANDHAN Conservative Hybrid Fund-Direct Plan-Growth | Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Conservative Hybrid Fund | Conservative Hybrid Fund |
| AMC | Bandhan AMC Limited | PPFAS Asset Management Pvt. Ltd. |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | CRISIL Hybrid 85+15 - Conservative Index |
| NAV | ₹36.8245 (2026-10-28) | ₹15.7763 (2026-10-28) |
| AUM | ₹84.427 Cr | ₹3,404.72 Cr |
| Expense Ratio (Direct) | 0.89% | 0.32% |
| Inception | 2010-01-11 | 2021-05-07 |
Returns
BANDHAN Conservative Hybrid Fund- leads on 3-year rolling CAGR (7.7% vs Parag Parikh Conservative Hybrid Fund's 11.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
BANDHAN Conservative Hybrid Fund- has been the more volatile of the two by standard deviation.
| BANDHAN Conservative Hybrid Fund-Direct Plan-Growth | Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | -0.05 | 0.51 |
| 3Y Alpha | 0.1497% | 1.6454% |
| 3Y Std Deviation | 4.1744% | 2.7497% |
| 3Y Calmar Ratio | 1.37 | 3.32 |
Portfolio Analytics
BANDHAN Conservative Hybrid Fund- carries the higher portfolio YTM.
| BANDHAN Conservative Hybrid Fund-Direct Plan-Growth | Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 24.7547 | 10.0752 |
| P/B Ratio | - | - |
| Dividend Yield | 1.3998% | 4.7595% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | 7.7904% | 7.7825% |
| Duration (Macaulay) | 3.2079 yrs | 4.0092 yrs |
Punji Fund Health Score
Parag Parikh 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 Parag Parikh Conservative Hybrid Fund?
BANDHAN Conservative Hybrid Fund-'s 3-year rolling CAGR of 7.7% is higher than Parag Parikh Conservative Hybrid Fund's 11.5%. BANDHAN Conservative Hybrid Fund- sits in the 19th percentile of its category on this metric, versus the 100th percentile for Parag Parikh 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 Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund's direct-plan expense ratio is 0.57 percentage points lower than BANDHAN 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 Parag Parikh Conservative Hybrid Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), BANDHAN Conservative Hybrid Fund- has been more volatile than Parag Parikh 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 0.51 for Parag Parikh 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 Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund has ₹3,405 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 Parag Parikh Conservative Hybrid Fund?
BANDHAN Conservative Hybrid Fund-'s portfolio YTM (7.7904%) is higher than Parag Parikh 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 Parag Parikh Conservative Hybrid Fund?
Parag Parikh 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 Parag Parikh Conservative Hybrid Fund?
BANDHAN Conservative Hybrid Fund- launched on 2010-01-11, making it older than Parag Parikh Conservative Hybrid Fund (launched 2021-05-07). 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.