HybridConservative Hybrid FundRegularIDCWModerately High

DSP Conservative Hybrid Fund

Q: What is the NAV of DSP Conservative Hybrid Fund?

As of 05 Oct 2026, the NAV of DSP Conservative Hybrid Fund is ₹10.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has DSP Conservative Hybrid Fund delivered?

DSP Conservative Hybrid Fund has returned -5.75% over 1 year, -0.51% per year over 3 years, -1.69% per year over 5 years and -0.01% 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 DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund charges an expense ratio of 1.25% 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 DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund's largest holdings are 7.32% GOI 13112030 (11.8%), 6.75% GOI FRB 22092033 (9.0%), 7.03% Maharashtra SDL 25062038 (8.1%), 7.06% GOI 10042028 (5.8%) and 6.48% GOI 06102035 (5.6%). Holdings are disclosed monthly and change over time.

Q: How risky is DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.0% and its worst peak-to-trough fall in our sample was -25.0%. 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 -1.75 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Conservative Hybrid Fund's -1.75 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of DSP Conservative Hybrid Fund?

DSP 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 DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund is managed by Abhishek Singh and Shantanu Godambe at DSP.

Q: How is DSP Conservative Hybrid Fund taxed?

DSP 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.

DSP Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹10.70

+0.09% 1D

as of 05 Oct 2026

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

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+7.80% 3Y CAGR)

NAV history

-5.88%absolute

52-week rangePrev NAV ₹10.69

Latest ₹10.70

Low ₹10.691st percentile of its 52-week rangeHigh ₹11.45

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 4.0% (no category average yet)

Cost—

1.3% expense (no category average yet)

ConsistencyLow

69% 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 69% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.25%

Category —

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

—

Category —

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

-1.75

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

None

Exit Load

None

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

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)

-1.83%

Absolute return over the last 3 months (not annualized)

-3.03%

Absolute return over the last 6 months (not annualized)

-0.64%

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

-5.52%

Annualized returns (≥1Y — CAGR)

Definitions

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

-5.75%

3-year annualized return (CAGR)

-0.51%

5-year annualized return (CAGR)

-1.69%

10-year annualized return (CAGR)

-1.64%

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.

-0.01%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.00%

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

-1.75

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

-2.10

Largest peak-to-trough decline over full history

-25.03%

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	-1.83%	—	—
3M abs	-3.03%	—	—
6M abs	-0.64%	—	—
1Y CAGR	-5.75%	—	—
3Y CAGR	-0.51%	—	—
5Y CAGR	-1.69%	—	—

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

₹5.76L

Absolute

-4.00%

XIRR

-1.66%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into DSP 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	-5.52%
2025	-1.04%
2024	+2.41%
2023	+3.36%
2022	-4.46%
2021	-0.52%
2020	+6.40%
2019	-1.36%
2018	-12.58%
2017	+2.40%

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

4,962

Expense ratio

1.25%

YTM

6.77%

Modified duration

2.56 years

Macaulay duration

2.66 years

Average maturity

4.41 years

Exit load

Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

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


DSP Conservative Hybrid FundThis fund DSP · Regular · Monthly IDCW	—	-5.75%	-0.51%	-1.69%	—	1.25%	—
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

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap68.4%
Mid cap17.9%
Small cap13.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt76.16%
Equity21.19%
Cash & Equivalents2.65%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Small Industries Development Bank of India

5.45%

IDFC First Bank Limited

5.45%

Muthoot Finance Limited

4.30%

Cholamandalam Investment and Finance Co Limited

3.03%

HDFC Bank Limited

2.73%

HDFC Bank Limited

2.66%

ICICI Bank Limited

1.97%

Mahindra & Mahindra Limited

1.18%

ITC Limited

1.07%

NTPC Limited

0.99%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
DSP Aggressive Hybrid Fund DSP · Aggressive Hybrid Fund	78.2% of 72% equity	★★★★☆	0.79%	+9.13%
DSP Equity Savings Fund DSP · Equity Savings	60.3% of 71% equity	★★★☆☆	1.11%	+8.25%
DSP Value Fund DSP · Value Fund	59.3% of 80% equity	★★★★★	1.55%	+15.37%
DSP Large Cap Fund DSP · Large Cap Fund	58.9%	★★★★☆	1.21%	+10.00%
Bandhan Flexi Cap Fund Bandhan · Flexi Cap Fund	46.2%	★★☆☆☆	1.52%	+9.66%
DSP ELSS Tax Saver Fund DSP · ELSS	46.1%	★★★★★	0.92%	+11.96%
ICICI Prudential Value Fund ICICI Prudential · Value Fund	46.0%	★★★★☆	1.08%	+10.76%
DSP Flexi Cap Fund DSP · Flexi Cap Fund	45.0%	★★★☆☆	0.88%	+9.76%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

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.

-25.0%25 Oct 2016 → 23 Mar 2020
Still below that high — 3.4 years down, and no recovery yet.
-10.8%27 Jan 2015 → 29 Feb 2016
Fell over 13 months, back to the old high on 05 Oct 2016 — 7 months under water after the low.
-8.6%19 Nov 2007 → 27 Oct 2008
Fell over 11 months, back to the old high on 19 May 2009 — 7 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.

AMC Profile

DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.

Launched

15 Dec 1996

Total AUM

₹2,29,802Cr+2.0% QoQ

Avg AUM · April - June 2026

Website

dspim.com

Fund Managers

ASAbhishek SinghManaging since 01 May 2021

Education

B-Tech, IIT Kanpur PGDM, IIM Lucknow

Experience

Over 18 years of experience as under: From April 1, 2023 onwards- Fund manager- DSP Asset Managers Private Limited From May 1, 2021 to March 31, 2023- Fund manager- DSP Investment Managers Private Limited From Jan 2021 to April 30, 2021 - DSP Investment Managers Private Limited – Investments – Equities From April 2018 to December 2020- EdelCap Securities Limited, Systematic Trading Division. From October 2015 – February 2018 – Kotak Securities Limited, Proprietary Trading and Structured Products Division. From April 2010 to October 2015 – Kotak Mahindra Investments Limited, Structured Products Division

Funds managed (3)

All schemes Abhishek Singh runs →

SGShantanu GodambeManaging since 01 Aug 2024

Education

CFA, MS(Finance), B.Com

Experience

Over 17 years of experience From March 2023 Onwards: Vice President (Investments - Fixed Income) - DSP Asset Managers Private Limited From January 2016-February 2023: Group Executive Vice President – Financial Markets - Plus SDL – April 2033 Index Yes Bank Ltd From November 2008-January 2016: Head – SLR Desk - Prebon Yamane India Ltd

Funds managed (14)

All schemes Shantanu Godambe runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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

Abhishek Singh Shantanu Godambe

Top holdings

HDFC Bank Limited ICICI Bank Limited Mahindra & Mahindra Limited ITC Limited NTPC Limited Indigo Paints Limited Alkem Laboratories Limited Indus Towers Limited Kotak Mahindra Bank Limited Cipla Limited Axis Bank Limited Oil & Natural Gas Corporation Limited

DSP 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 DSP Conservative Hybrid Fund?

As of 05 Oct 2026, the NAV of DSP Conservative Hybrid Fund is ₹10.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has DSP Conservative Hybrid Fund delivered?

DSP Conservative Hybrid Fund has returned -5.75% over 1 year, -0.51% per year over 3 years, -1.69% per year over 5 years and -0.01% 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 DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund charges an expense ratio of 1.25% 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 DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund's largest holdings are 7.32% GOI 13112030 (11.8%), 6.75% GOI FRB 22092033 (9.0%), 7.03% Maharashtra SDL 25062038 (8.1%), 7.06% GOI 10042028 (5.8%) and 6.48% GOI 06102035 (5.6%). Holdings are disclosed monthly and change over time.

How risky is DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.0% and its worst peak-to-trough fall in our sample was -25.0%. 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 -1.75 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Conservative Hybrid Fund's -1.75 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of DSP Conservative Hybrid Fund?

DSP 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 DSP Conservative Hybrid Fund?

DSP Conservative Hybrid Fund is managed by Abhishek Singh and Shantanu Godambe at DSP.

How is DSP Conservative Hybrid Fund taxed?

DSP 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.