COMPARE
Kotak Conservative Hybrid Fund - Growth - Direct vs Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth
Kotak Conservative Hybrid Fund and Parag Parikh Conservative Hybrid Fund are both in the Conservative Hybrid Fund category, from Kotak Mahindra Asset Management Company Limited. and PPFAS Asset Management Pvt. Ltd. respectively. Parag Parikh 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 0.29 percentage points.
| Kotak Conservative Hybrid Fund - Growth - Direct | Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Conservative Hybrid Fund | Conservative Hybrid Fund |
| AMC | Kotak Mahindra Asset Management Company Limited. | PPFAS Asset Management Pvt. Ltd. |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | CRISIL Hybrid 85+15 - Conservative Index |
| NAV | ₹68.5352 (2026-10-28) | ₹15.7763 (2026-10-28) |
| AUM | ₹2,606.32 Cr | ₹3,404.72 Cr |
| Expense Ratio (Direct) | 0.6114% | 0.32% |
| Inception | 2003-12-02 | 2021-05-07 |
Returns
Parag Parikh Conservative Hybrid Fund leads on 3-year rolling CAGR (11.5% vs Kotak Conservative Hybrid Fund's 11.4%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Kotak Conservative Hybrid Fund has been the more volatile of the two by standard deviation.
| Kotak Conservative Hybrid Fund - Growth - Direct | Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.15 | 0.51 |
| 3Y Alpha | 1.1775% | 1.6454% |
| 3Y Std Deviation | 4.592% | 2.7497% |
| 3Y Calmar Ratio | 1.95 | 3.32 |
Portfolio Analytics
Parag Parikh Conservative Hybrid Fund carries the higher portfolio YTM.
| Kotak Conservative Hybrid Fund - Growth - Direct | Parag Parikh Conservative Hybrid Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 20.7643 | 10.0752 |
| P/B Ratio | 9.9087 | - |
| Dividend Yield | 1.4788% | 4.7595% |
| Active Share | - | - |
| Portfolio Turnover | - | - |
| YTM | 7.23% | 7.7825% |
| Duration (Macaulay) | 3.68 yrs | 4.0092 yrs |
Punji Fund Health Score
Kotak Conservative Hybrid Fund and Parag Parikh Conservative Hybrid Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, Kotak Conservative Hybrid Fund or Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund's 3-year rolling CAGR of 11.5% is higher than Kotak Conservative Hybrid Fund's 11.4%. Parag Parikh Conservative Hybrid Fund sits in the 100th percentile of its category on this metric, versus the 95th percentile for Kotak 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, Kotak Conservative Hybrid Fund or Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund's direct-plan expense ratio is 0.29 percentage points lower than Kotak 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, Kotak 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), Kotak 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 (0.15 for Kotak 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, Kotak Conservative Hybrid Fund or Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund has ₹3,405 Cr in assets under management, versus ₹2,606 Cr for Kotak 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), Kotak Conservative Hybrid Fund or Parag Parikh Conservative Hybrid Fund?
Parag Parikh Conservative Hybrid Fund's portfolio YTM (7.7825%) is higher than Kotak 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), Kotak 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, Kotak Conservative Hybrid Fund or Parag Parikh Conservative Hybrid Fund?
Kotak Conservative Hybrid Fund launched on 2003-12-02, 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.