HybridConservative Hybrid FundDirectIDCWModerately High

Bandhan Conservative Hybrid Fund

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

As of 05 Oct 2026, the NAV of Bandhan Conservative Hybrid Fund is ₹15.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bandhan Conservative Hybrid Fund delivered?

Bandhan Conservative Hybrid Fund has returned -3.85% over 1 year, +0.69% per year over 3 years, -0.04% per year over 5 years and +2.17% 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 Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund charges an expense ratio of 0.89% 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 Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund's largest holdings are Bandhan Nifty 50 ETF (13.0%), 7.3% GOI (MD 19/06/2053) (8.9%), 8.57% Rajasthan SDL (MD 11/07/2028) (5.9%), 7.77% REC Limited (5.7%) and 8.4% Godrej Industries Limited (5.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.8% and its worst peak-to-trough fall in our sample was -11.4%. 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 -1.21 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Conservative Hybrid Fund's -1.21 means it has not compensated investors for its volatility over the window. Higher is better.

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

Bandhan 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 Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund is managed by Brijesh Shah, Harshal Joshi, Gaurav Satra, Ritika Behera and Viraj Kulkarni at Bandhan.

Q: How is Bandhan Conservative Hybrid Fund taxed?

Bandhan 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.

Bandhan Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹15.85

+0.25% 1D

as of 05 Oct 2026

This is the Direct plan of Bandhan Conservative Hybrid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed quarterly, 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 (+6.93% 3Y CAGR)

NAV history

-4.21%absolute

52-week rangePrev NAV ₹15.81

Latest ₹15.85

Low ₹15.794th percentile of its 52-week rangeHigh ₹17.14

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 4.8% (no category average yet)

Cost—

0.9% expense (no category average yet)

ConsistencyHigh

98% 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

Consistent — positive in 98% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.89%

Category —

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

—

Category —

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

-1.21

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

Entry Load Nil. Exit load w.e.f 24-Aug-2017:(for each purchase including SIP/STP-in registered) - For 10% of Investment Nil. For remaining Investment: 1.00% if redeemed / Switched Out within 365 days from the date of allotment. Please refer the Scheme

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

₹1,000

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.

07 Jan 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

-2.98%

Absolute return over the last 3 months (not annualized)

-2.18%

Absolute return over the last 6 months (not annualized)

+0.04%

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

-4.47%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.85%

3-year annualized return (CAGR)

+0.69%

5-year annualized return (CAGR)

-0.04%

10-year annualized return (CAGR)

+1.14%

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.

+2.17%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.81%

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

-1.21

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

-1.46

Largest peak-to-trough decline over full history

-11.39%

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	-2.98%	—	—
3M abs	-2.18%	—	—
6M abs	+0.04%	—	—
1Y CAGR	-3.85%	—	—
3Y CAGR	+0.69%	—	—
5Y CAGR	-0.04%	—	—

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

₹5.94L

Absolute

-1.03%

XIRR

-0.42%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Bandhan 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	-4.47%
2025	+1.39%
2024	+2.31%
2023	+5.02%
2022	-3.16%
2021	+2.76%
2020	+5.91%
2019	+3.65%
2018	-1.82%
2017	+2.92%

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

3,326

Expense ratio

0.89%

AUM

₹91.10Cr

YTM (from holdings)

7.43%

Average maturity

4.50 years

Exit load

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


Bandhan Conservative Hybrid FundThis fund Bandhan · Direct · Quarterly IDCW	—	-3.85%	+0.69%	-0.04%	—	0.89%	₹91.10Cr
SBI Conservative Hybrid Fund SBI · Direct · IDCW	—	+4.15%	+8.18%	+8.41%	—	0.98%	₹10,195Cr
SBI Conservative Hybrid Fund SBI · Direct · IDCW	—	+4.15%	+8.18%	+8.41%	—	0.98%	₹10,195Cr
UTI Conservative Hybrid Fund - Direct Plan - Monthly Payment UTI · Direct · IDCW	—	+0.62%	+7.42%	+6.76%	—	—	₹1.33Cr
Bank of India Conservative Hybrid Fund Bank of India · Direct · Annual IDCW	—	+2.27%	+6.37%	+9.43%	—	1.18%	₹65.10Cr
Bank of India Conservative Hybrid Fund Bank of India · Direct · Quarterly IDCW	—	+2.27%	+6.37%	+9.43%	—	1.18%	₹65.10Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap84.0%
Mid cap16.0%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt81.48%
Equity11.23%
Cash & Equivalents7.29%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
DSP Nifty Top 10 Equal Weight Index Fund DSP · Index Funds	28.9%	★☆☆☆☆	0.40%	—
Kotak Nifty Top 10 Equal Weight Index Fund Kotak Mahindra · Index Funds	28.9%	★☆☆☆☆	0.36%	—
ICICI Prudential Nifty Top 15 Equal Weight Index Fund ICICI Prudential · Index Funds	26.2%	★☆☆☆☆	0.48%	—
HDFC Nifty Top 20 Equal Weight Index Fund HDFC · Index Funds	24.8%	★☆☆☆☆	0.36%	—
HDFC Equity Savings Fund HDFC · Equity Savings	22.8% of 66% equity	★★★☆☆	1.27%	+7.92%
Nippon India ETF Nifty 50 Value 20 Nippon India · Other ETFs	22.8%	—	0.47%	+4.11%
Nippon India Nifty 50 Value 20 Index Fund Nippon India · Index Funds	22.8%	★★☆☆☆	0.51%	+4.04%
ICICI Prudential Nifty50 Value 20 Index Fund ICICI Prudential · Index Funds	22.8%	★☆☆☆☆	0.49%	—

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.

-11.4%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 28 Aug 2020 — 5 months under water after the low.
-8.2%26 Sep 2024 → 30 Mar 2026
Still below that high — 1.5 years down, and no recovery yet.
-7.2%17 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 13 May 2014 — 9 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

₹91.10Cr

July - September 2026

-8%

since January - March 2026

−₹7.62Cr

est. net flow, last quarter

Down +8% from its peak of ₹98.73Cr 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

Bandhan Mutual Fund is the former IDFC Mutual Fund, bought in 2022 by a consortium of Bandhan Financial Holdings, ChrysCapital and GIC and renamed the following year. It carries a long-established debt franchise alongside its equity and index schemes.

Launched

19 Dec 1999

Total AUM

₹2,17,749Cr+6.7% QoQ

Avg AUM · July - September 2026

Website

bandhanmutual.com

Fund Managers

BSBrijesh ShahStart date not disclosed

Role

Senior Vice President – Fixed Income

Education

Post Graduate Diploma in Finance

Experience

Mr Shah is associated with Bandhan AMC since August 2015 as part of the Fixed Income Team and will now be handling investments and fixed income Bandhan US Treasury Bond 0-1 year – fund management. Prior experience: · IDBI Asset Management Ltd. – Dealing in Fixed income (Jan.2013 to Aug.2015) · India Bulls Asset Management Ltd. – Dealing in Fixed income (Jun.2011 to Dec.2012) · Mata Securities - Relationship Manager, Wholesale Debt Market (Jun.2010 to Jun.2011) · Twenty First Century - Relationship Manager, Wholesale Debt Market (Jan.2009 to May2010) (Total experience – 15 years)

Funds managed (42)

All schemes Brijesh Shah runs →

HJHarshal JoshiStart date not disclosed

Role

Senior Vice President - Fund Management

Education

PGDBM Senior Vice President – Fixed Income

Experience

He has been associated with Bandhan Multi Cap Fund - Debt portion, Bandhan AMC since December 2008 with Fixed Income Investment team. Prior to the same he was associated with ICAP India Pvt. Ltd. (2006 to 2007). Managing the Fund since September 15, 2015. (Total Experience – years)

Funds managed (25)

All schemes Harshal Joshi runs →

GSGaurav SatraStart date not disclosed

Role

Deputy Manager – Accountant, Fund Management – Equity

Education

Chartered B.Com

Experience

Mr. Gaurav Satra joined the Bandhan US Equity Fund of Equity Fund Management Fund team of Bandhan AMC in having provision for investment June 2022 and was in overseas securities in equity co-managed designated as the Equity segment. Dealer.Prior to the same, he was associated with various Consultancy Firms as a CA from December 2016 to May 2022. (Total experience – 8.5 years)

Funds managed (21)

All schemes Gaurav Satra runs →

RBRitika BeheraStart date not disclosed

Role

Vice President MBA -Equities

Education

(Finance), Bcom

Experience

Ms. Ritika Behera has joined Bandhan AMC Limited as Vice President – Equity Equities on August 10, 2023 in Equity Investments team. In her role she will be US Equity responsible for research and analysis. Prior to Bandhan AMC Limited, she was associated with Ocean Dial Asset Equity portion management from April 2021 to July 2023 as Analyst. Earlier to this, she was and all other schemes associated with Elara Securities Pvt having Limited from January 2017 to March 2021 and Batlivala & Karani Securities Pvt Ltd from August 2013 to January 2017. (Total experience – 14 years)

Funds managed (21)

All schemes Ritika Behera runs →

VKViraj KulkarniStart date not disclosed

Role

Vice President B.Tech. – Equity Fund Management

Education

CFA, (Finance), B.Tech. (Electronics) Fund

Experience

He is associated with Bandhan PGDM AMC since September 2015 and is the dedicated fund manager for foreign securities since Fund - Equity portion, March 2016. He also undertakes equity research. Prior experience: Franklin Templeton Asset Management (India) Pvt. Ltd. as Management Trainee (May 2014 – September 2015). Goldman Sachs Services India as an Analyst for Wealth Management Technology (June 2010 – May 2012). (Total experience - 12 years)

Funds managed (7)

All schemes Viraj Kulkarni runs →

Fund manager, benchmark and dealing terms from 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

Brijesh Shah Harshal Joshi Gaurav Satra Ritika Behera Viraj Kulkarni

Top holdings

Tata Consultancy Services Limited UNO Minda Limited HDFC Bank Limited Cholamandalam Investment and Finance Company Ltd Titan Company Limited TVS Motor Company Limited ITC Limited Maruti Suzuki India Limited

Bandhan 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 Bandhan Conservative Hybrid Fund?

As of 05 Oct 2026, the NAV of Bandhan Conservative Hybrid Fund is ₹15.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bandhan Conservative Hybrid Fund delivered?

Bandhan Conservative Hybrid Fund has returned -3.85% over 1 year, +0.69% per year over 3 years, -0.04% per year over 5 years and +2.17% 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 Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund charges an expense ratio of 0.89% 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 Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund's largest holdings are Bandhan Nifty 50 ETF (13.0%), 7.3% GOI (MD 19/06/2053) (8.9%), 8.57% Rajasthan SDL (MD 11/07/2028) (5.9%), 7.77% REC Limited (5.7%) and 8.4% Godrej Industries Limited (5.7%). Holdings are disclosed monthly and change over time.

How risky is Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.8% and its worst peak-to-trough fall in our sample was -11.4%. 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 -1.21 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Bandhan Conservative Hybrid Fund's -1.21 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Bandhan Conservative Hybrid Fund?

Bandhan 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 Bandhan Conservative Hybrid Fund?

Bandhan Conservative Hybrid Fund is managed by Brijesh Shah, Harshal Joshi, Gaurav Satra, Ritika Behera and Viraj Kulkarni at Bandhan.

How is Bandhan Conservative Hybrid Fund taxed?

Bandhan 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.