HybridConservative Hybrid FundRegularIDCWModerately High

LIC MF Conservative Hybrid Fund

Q: What is the NAV of LIC MF Conservative Hybrid Fund?

As of 05 Oct 2026, the NAV of LIC MF Conservative Hybrid Fund is ₹11.79 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Conservative Hybrid Fund delivered?

LIC MF Conservative Hybrid Fund has returned -4.00% over 1 year, -0.69% per year over 3 years, -1.56% per year over 5 years and +0.43% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund charges an expense ratio of 2.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund's largest holdings are 7.32% Government of India (11.4%), 7.17% Government of India (11.4%), 7.65% State Government of Tamil Nadu (11.3%), 6.79% Government of India (11.0%) and 8.13% Nuclear Power Corporation (8.8%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.7% and its worst peak-to-trough fall in our sample was -24.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -1.07 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Conservative Hybrid Fund's -1.07 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund is benchmarked against the Crisil Hybrid 85 + 15 - Conservative Index. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund is managed by Pratik Harish Shroff and Siddharth Panjwani at LIC.

Q: How is LIC MF Conservative Hybrid Fund taxed?

LIC MF Conservative Hybrid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

LIC Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹11.79

+0.07% 1D

as of 05 Oct 2026

This is the Regular plan of LIC MF Conservative Hybrid Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed once a year, which is why this NAV sits below the growth plan of the same fund.

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NAV history

-4.27%absolute

52-week rangePrev NAV ₹11.78

Latest ₹11.79

Low ₹11.4728th percentile of its 52-week rangeHigh ₹12.59

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Hybrid funds (same plan and option) to rank against yet.

Performance—

Not enough Conservative Hybrid Fund peers to rank yet

Risk—

Volatility 6.7% (no category average yet)

Cost—

2.1% expense (no category average yet)

ConsistencyLow

64% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

Positive in only 64% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.14%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-1.07

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units. 1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units Nil, if redeemed or switched out after completion of 90 days from the date of allotment of units.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Crisil Hybrid 85 + 15 - Conservative Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-1.46%

Absolute return over the last 3 months (not annualized)

-0.99%

Absolute return over the last 6 months (not annualized)

+2.71%

Absolute return since 1 Jan of this year (not annualized)

-6.20%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.00%

3-year annualized return (CAGR)

-0.69%

5-year annualized return (CAGR)

-1.56%

10-year annualized return (CAGR)

+0.03%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.43%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

6.73%

Excess return per unit of total volatility (rf = 6.5%)

-1.07

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-1.15

Largest peak-to-trough decline over full history

-23.96%

Benchmark ratios

Not shown for Conservative Hybrid Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Conservative Hybrid Fund)

Period	Fund	Category avg.	Diff
1M abs	-1.46%	—	—
3M abs	-0.99%	—	—
6M abs	+2.71%	—	—
1Y CAGR	-4.00%	—	—
3Y CAGR	-0.69%	—	—
5Y CAGR	-1.56%	—	—

Category average across peers in Conservative Hybrid Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹5.78L

Absolute

-3.62%

XIRR

-1.50%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into LIC MF Conservative Hybrid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-6.20%
2025	-0.72%
2024	+1.97%
2023	+0.99%
2022	-4.76%
2021	+1.34%
2020	+9.89%
2019	+1.30%
2018	-4.05%
2017	+1.28%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

4,952

Expense ratio

2.14%

AUM

₹1.78Cr

YTM (from holdings)

7.26%

Average maturity

3.33 years

Exit load

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Conservative Hybrid Fund

Compare all


LIC MF Conservative Hybrid FundThis fund LIC · Regular · Yearly IDCW	—	-4.00%	-0.69%	-1.56%	—	—	₹1.78Cr
SBI Conservative Hybrid Fund SBI · Regular · IDCW	—	+3.65%	+7.65%	+7.87%	—	1.50%	₹9,722Cr
SBI Conservative Hybrid Fund SBI · Regular · IDCW	—	+3.65%	+7.65%	+7.87%	—	1.50%	₹9,722Cr
UTI Conservative Hybrid Fund - Regular Plan - Monthly Payment UTI · Regular · IDCW	—	+0.05%	+6.77%	+6.13%	—	—	₹1.31Cr
Bank of India Conservative Hybrid Fund Bank of India · Regular · Annual IDCW	—	+1.35%	+5.45%	+8.69%	—	2.25%	₹64.73Cr
Bank of India Conservative Hybrid Fund Bank of India · Regular · Quarterly IDCW	—	+1.35%	+5.45%	+8.69%	—	2.25%	₹64.73Cr

Asset allocation

As on 30 Sep 2026 · AMC disclosure

Debt61.66%
Cash & Equivalents20.19%
Equity17.74%
Other0.41%

What the fund bought and sold

31 Aug 2026 → 30 Sep 2026 disclosures: 0 new, 1 exited, 1 added to, 1 cut. Judged by share count, so a price move alone never counts.

Biggest buys

AddedAjanta Pharma Ltd.0.63% → 1.30%

Biggest sells

ExitedCoforge Ltd.0.76% → —
CutSun Pharmaceutical Industries Ltd.1.44% → 0.67%

Source: the AMC's monthly portfolio disclosures.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-24.0%04 Jan 2008 → 27 Oct 2008
Fell over 10 months, back to the old high on 23 Oct 2020 — 12.0 years under water after the low.
-11.9%17 Jan 2022 → 30 Mar 2026
Still below that high — 4.2 years down, and no recovery yet.
-11.6%08 Feb 2007 → 02 Apr 2007
Fell over 2 months, back to the old high on 21 Sep 2007 — 6 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1.78Cr

April - June 2026

-6%

since January - March 2026

+₹3.03L

est. net flow, last quarter

Down +6% from its peak of ₹1.89Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

LIC Mutual Fund is sponsored by the Life Insurance Corporation of India and has been in business since 1989. It absorbed IDBI Mutual Fund's schemes in 2023 and runs a mix of equity, debt and index funds.

Launched

19 Apr 1994

Total AUM

₹49,535Cr+6.6% QoQ

Avg AUM · April - June 2026

Website

licmf.com

Fund Managers

PSPratik Harish ShroffManaging since 26 Sep 2023

Role

Fund Manager – Fixed Income

Experience

Over 18 years of experience in the Banking and Financial Services Industry. • Fund Manager (Fixed Income)- LIC Mutual Fund Asset Management Ltd. (with effect from 18th September 2023) • Senior Associate Director Treasury – CTBC Bank LTD (February 2023 to September 2023) • Deputy Vice president GMG – IndusInd Bank Limited (August 2021 to February 2023) • Vice President Treasury – Industrial and Commercial Bank of China (November 2018 to August 2021) • Dealer Fixed Income – Tata Mutual Fund (October 2012 to November 2018) • Associate Vice President – LKP Securities (May 2007 – October 2012)

Funds managed (15)

All schemes Pratik Harish Shroff runs →

SPSiddharth PanjwaniManaging since 01 Jul 2026

Role

Fund Manager- Equity

Total experience

20+ years

Education

• CFA – CFA Institute, USA • MBA – Carnegie Mellon University Tepper School of Business B.E., Computer Science – VESIT, University of Mumbai

Experience

• Fund Manager - Equity – LIC Mutual Fund Asset Management Limited (w.e.f. 1st July 2026) • Proposed Fund Manager - Specialized Investment Fund (SIF) – LIC Mutual Fund Asset Management Limited (February 2026-Present) • Chief Investment Officer & SVP Growth – People Hum Technologies Pvt Ltd (March 2025- December 2025) • Senior Director – Strategic Projects – Engati Technologies Pvt Ltd (June 2022 - February 2025) • Senior Director – Strategic Projects – PiMonk Tech Pvt Ltd (July 2021 – May 2022) • Senior Director – Strategic Projects – Quinbay Technologies Pvt Ltd (March 2021 – June 2021) • Co-Founder & Chief Strategy Officer

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Pratik Harish Shroff

LIC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Conservative Hybrid funds

Conservative hybrid funds keep most of the portfolio (75–90%) in debt with a small equity slice. They aim for steadier returns than equity with a little extra growth over pure debt.

Frequently asked questions

What is the NAV of LIC MF Conservative Hybrid Fund?

As of 05 Oct 2026, the NAV of LIC MF Conservative Hybrid Fund is ₹11.79 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Conservative Hybrid Fund delivered?

LIC MF Conservative Hybrid Fund has returned -4.00% over 1 year, -0.69% per year over 3 years, -1.56% per year over 5 years and +0.43% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund charges an expense ratio of 2.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund's largest holdings are 7.32% Government of India (11.4%), 7.17% Government of India (11.4%), 7.65% State Government of Tamil Nadu (11.3%), 6.79% Government of India (11.0%) and 8.13% Nuclear Power Corporation (8.8%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.7% and its worst peak-to-trough fall in our sample was -24.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -1.07 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Conservative Hybrid Fund's -1.07 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund is benchmarked against the Crisil Hybrid 85 + 15 - Conservative Index. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Conservative Hybrid Fund?

LIC MF Conservative Hybrid Fund is managed by Pratik Harish Shroff and Siddharth Panjwani at LIC.

How is LIC MF Conservative Hybrid Fund taxed?

LIC MF Conservative Hybrid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.