LIC MF Conservative Hybrid Fund
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 retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★☆☆☆2/5 vs 18 Conservative Hybrid Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Conservative Hybrid Fund (same plan and option).
3Y CAGR +5.36% · ranks 14 of 17 Conservative Hybrid Funds
Volatility 3.5% vs 3.7% category avg
2.2% expense vs 1.8% category avg
100% 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
- 1-year return (+1.97%) beats the Conservative Hybrid Fund average (+1.27%)
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 3-year return (+5.36%) trails the Conservative Hybrid Fund average (+6.63%)
- 5-year return (+4.49%) trails the Conservative Hybrid Fund average (+6.47%)
- Weaker risk-adjusted returns — Sharpe -0.33 below the Conservative Hybrid Fund average of 0.04
- High expense ratio (2.24%) vs the Conservative Hybrid Fund average of 1.76%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Conservative Hybrid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -1.79% | -1.45% | -0.34% |
| 3M abs | -0.71% | -1.12% | +0.41% |
| 6M abs | +2.70% | +2.97% | -0.27% |
| 1Y CAGR | +1.97% | +1.27% | +0.70% |
| 3Y CAGR | +5.36% | +6.63% | -1.27% |
| 5Y CAGR | +4.49% | +6.47% | -1.98% |
Category average across peers in Conservative Hybrid Fund (up to 16 funds with data), 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.
Category rank
Vs 16 peers in Conservative Hybrid Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
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 | -0.45% | |
| 2025 | +5.28% | |
| 2024 | +8.18% | |
| 2023 | +7.30% | |
| 2022 | +0.92% | |
| 2021 | +7.42% | |
| 2020 | +9.89% | |
| 2019 | +9.14% | |
| 2018 | +1.08% | |
| 2017 | +6.62% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Asset allocation
As on 30 Sep 2026 · AMC disclosure- Debt61.66%
- Cash & Equivalents20.19%
- Equity17.74%
- Other0.41%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹46.17Cr 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.
Fund Managers
PSPratik Harish ShroffManaging since 26 Sep 2023
Fund Manager – Fixed Income
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)
- LIC MF Aggressive Hybrid Fund
- LIC MF Arbitrage Fund
- LIC MF Banking & PSU Debt Fund
- LIC MF Children's Fund
- LIC MF Conservative Hybrid Fund
- LIC MF Equity Savings Fund
- LIC MF Gilt Fund
- LIC MF Medium to Long Term Fund
- LIC MF Money Market Fund
- LIC MF Multi Asset Allocation Fund
- LIC MF Nifty 8-13 yr G-Sec ETF
- LIC MF Short Term Fund
- LIC MF Ultra Short Term Fund
- LIC MF Ultra Short to Short Term fund
- LIC MF Unit Linked Insurance Scheme (ULIS) - Regular Plan - IDCW Reinvestment
SPSiddharth PanjwaniManaging since 01 Jul 2026
Fund Manager- Equity
20+ years
• CFA – CFA Institute, USA • MBA – Carnegie Mellon University Tepper School of Business B.E., Computer Science – VESIT, University of Mumbai
• 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.
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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 01 Oct 2026, the NAV of LIC MF Conservative Hybrid Fund is ₹83.33 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 +1.97% over 1 year, +5.36% per year over 3 years, +4.49% per year over 5 years and +6.44% 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 2.24% 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 3.5% and its worst peak-to-trough fall in our sample was -11.9%. 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 -0.33 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 -0.33 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.