HybridConservative Hybrid FundRegularIDCWModerately High

Axis Conservative Hybrid Fund

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

As of 05 Oct 2026, the NAV of Axis Conservative Hybrid Fund is ₹13.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Conservative Hybrid Fund delivered?

Axis Conservative Hybrid Fund has returned -3.85% over 1 year, +1.18% per year over 3 years, +0.44% per year over 5 years and +1.85% 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 Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund charges an expense ratio of 2.18% 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 Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund's largest holdings are 7.18% Government of India (14/08/2033) (15.8%), 6.94% Government of India (11/05/2036) (13.7%), 6.79% Government of India (07/10/2034) (11.8%), 7.64% Power Finance Corporation Limited (22/02/2033) (6.8%) and 7.18% Government of India (24/07/2037) (4.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.2% and its worst peak-to-trough fall in our sample was -21.3%. 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 -1.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Conservative Hybrid Fund's -1.03 means it has not compensated investors for its volatility over the window. Higher is better.

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

Axis Conservative Hybrid Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund is managed by Devang Shah, Sachin Jai and Jayesh Sundar at Axis.

Q: How is Axis Conservative Hybrid Fund taxed?

Axis 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.

Axis Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹13.49

+0.07% 1D

as of 05 Oct 2026

This is the Regular plan of Axis 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.

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 (+4.98% 3Y CAGR)

NAV history

-4.04%absolute

52-week rangePrev NAV ₹13.48

Latest ₹13.49

Low ₹13.2721st percentile of its 52-week rangeHigh ₹14.30

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 5.2% (no category average yet)

Cost—

2.2% expense (no category average yet)

ConsistencyModerate

75% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.18%

Category —

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

—

Category —

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

-1.03

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

None

If redeemed/switch out within 12 months from the date of allotment: - For 10% of investment : Nil FIFO basis For remaining investment : 1% w.e.f., 15/06/2015

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY 50 Hybrid Composite Debt 15:85 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.

21 Jul 2010

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.77%

Absolute return over the last 3 months (not annualized)

-1.72%

Absolute return over the last 6 months (not annualized)

+1.63%

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

-5.50%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.85%

3-year annualized return (CAGR)

+1.18%

5-year annualized return (CAGR)

+0.44%

10-year annualized return (CAGR)

+0.77%

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.

+1.85%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

5.15%

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

-1.03

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

-1.16

Largest peak-to-trough decline over full history

-21.30%

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	-1.77%	—	—
3M abs	-1.72%	—	—
6M abs	+1.63%	—	—
1Y CAGR	-3.85%	—	—
3Y CAGR	+1.18%	—	—
5Y CAGR	+0.44%	—	—

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

₹6.06L

Absolute

+0.97%

XIRR

+0.39%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Axis 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	-5.50%
2025	+2.94%
2024	+3.49%
2023	+4.19%
2022	-3.33%
2021	+10.59%
2020	+8.50%
2019	-6.53%
2018	-5.09%
2017	+3.17%

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

3,921

Expense ratio

2.18%

AUM

₹220.02Cr

YTM (from holdings)

7.51%

Average maturity

6.09 years

Exit load

If redeemed/switch out within 12 months from the date of allotment: - For 10% of investment : Nil FIFO basis For remaining investment : 1% w.e.f., 15/06/2015

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


Axis Conservative Hybrid FundThis fund Axis · Regular · Annual IDCW	—	-3.85%	+1.18%	+0.44%	—	2.18%	₹220.02Cr
SBI Conservative Hybrid Fund SBI · Regular · IDCW	—	+3.65%	+7.65%	+7.87%	—	1.49%	₹10,195Cr
SBI Conservative Hybrid Fund SBI · Regular · IDCW	—	+3.65%	+7.65%	+7.87%	—	1.49%	₹10,195Cr
UTI Conservative Hybrid Fund - Regular Plan - Monthly Payment UTI · Regular · IDCW	—	+0.05%	+6.77%	+6.13%	—	—	₹1.33Cr
Bank of India Conservative Hybrid Fund Bank of India · Regular · Annual IDCW	—	+1.35%	+5.45%	+8.69%	—	2.25%	₹65.10Cr
Bank of India Conservative Hybrid Fund Bank of India · Regular · Quarterly IDCW	—	+1.35%	+5.45%	+8.69%	—	2.25%	₹65.10Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 96% of the equity sleeve priced.

Large cap99.8%
Mid cap0.2%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt76.98%
Equity18.85%
Cash & Equivalents3.59%
Other0.60%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028)

2.29%

Muthoot Finance Limited (26/07/2029) (FRN)

2.27%

Reliance Industries Limited

1.88%

1.73%

1.50%

1.26%

1.05%

0.92%

0.92%

Kotak Mahindra Bank Limited

0.89%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Nippon India Index Fund - BSE Sensex Nippon India · Index Funds	65.2%	★★☆☆☆	0.21%	+4.26%
Tata BSE Sensex Index Fund Tata · Index Funds	65.2%	★★☆☆☆	0.33%	+4.15%
UTI BSE Sensex Index Fund UTI · Index Funds	65.2%	★★☆☆☆	0.23%	+4.27%
SBI BSE Sensex Index Fund SBI · Index Funds	65.2%	★☆☆☆☆	0.24%	+4.20%
Zerodha BSE SENSEX Index Fund Zerodha · Index Funds	65.2%	—	0.47%	—
HDFC BSE Sensex Index Fund HDFC · Index Funds	65.2%	★★☆☆☆	0.22%	+4.25%
UTI BSE Sensex ETF UTI · Equity ETF	65.2%	★★★☆☆	—	+4.46%
ICICI Prudential BSE Sensex Index Fund ICICI Prudential · Index Funds	65.2%	★★★☆☆	0.22%	+4.27%

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.

-21.3%05 Mar 2015 → 03 Apr 2020
Fell over 5.1 years, back to the old high on 02 Aug 2021 — 16 months under water after the low.
-10.6%21 Jan 2013 → 28 Aug 2013
Fell over 7 months, back to the old high on 04 Jun 2014 — 9 months under water after the low.
-9.9%17 Jan 2022 → 17 Jun 2022
Fell over 5 months, back to the old high on 02 Feb 2024 — 1.6 years 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

₹220.02Cr

July - September 2026

-4%

since January - March 2026

−₹4.71Cr

est. net flow, last quarter

At or near its largest, ₹229.41Cr 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

Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.

Launched

03 Sep 2009

Total AUM

₹3,82,966Cr+3.8% QoQ

Avg AUM · July - September 2026

Website

axismf.com

Fund Managers

DSDevang ShahManaging since 07 Jun 2016

Education

B. Com, ACA

Experience

Manager in the last 10 years management " 22 years, his last

Funds managed (18)

All schemes Devang Shah runs →

SJSachin JaiStart date not disclosed

JSJayesh SundarManaging since 28 Sep 2023

Role

Fund Manager - Equity

Education

Chartered Accountant

Experience

Total number of years of years, his last 10 years’ experience are as follows: Axis Asset Management Company Ltd (September 21, 2023 - Current) Aviva Life Insurance India Ltd (October 06, 2012 – September 08, 2023)

Funds managed (7)

All schemes Jayesh Sundar runs →

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

Devang Shah Jayesh Sundar

Top holdings

Reliance Industries Limited ICICI Bank Limited HDFC Bank Limited Infosys Limited Cipla Limited NTPC Limited State Bank of India Kotak Mahindra Bank Limited Bharti Airtel Limited Cholamandalam Investment and Finance Company Ltd (CCD)Divi's Laboratories Limited Mahindra & Mahindra Limited

Axis 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.

Run SIP calculator Add to compare

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 Axis Conservative Hybrid Fund?

As of 05 Oct 2026, the NAV of Axis Conservative Hybrid Fund is ₹13.49 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Conservative Hybrid Fund delivered?

Axis Conservative Hybrid Fund has returned -3.85% over 1 year, +1.18% per year over 3 years, +0.44% per year over 5 years and +1.85% 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 Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund charges an expense ratio of 2.18% 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 Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund's largest holdings are 7.18% Government of India (14/08/2033) (15.8%), 6.94% Government of India (11/05/2036) (13.7%), 6.79% Government of India (07/10/2034) (11.8%), 7.64% Power Finance Corporation Limited (22/02/2033) (6.8%) and 7.18% Government of India (24/07/2037) (4.2%). Holdings are disclosed monthly and change over time.

How risky is Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 5.2% and its worst peak-to-trough fall in our sample was -21.3%. 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 -1.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Conservative Hybrid Fund's -1.03 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Index. Its alpha and beta on this page are measured against that index.

Who manages Axis Conservative Hybrid Fund?

Axis Conservative Hybrid Fund is managed by Devang Shah, Sachin Jai and Jayesh Sundar at Axis.

How is Axis Conservative Hybrid Fund taxed?

Axis 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.