HybridConservative Hybrid FundDirectIDCWModerately High

SBI Conservative Hybrid Fund

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

As of 01 Oct 2026, the NAV of SBI Conservative Hybrid Fund is ₹33.31 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Conservative Hybrid Fund delivered?

SBI Conservative Hybrid Fund has returned +4.31% over 1 year, +8.07% per year over 3 years, +8.46% per year over 5 years and +6.90% 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 SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund charges an expense ratio of 0.99% 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 SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund's largest holdings are National Bank for Agriculture and Rural Development (3.1%), Adani Power Ltd. (2.9%), JTPM Metal Traders Ltd. (2.9%), Torrent Power Ltd. (2.5%) and Sundaram Finance Ltd. (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.6% 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.

Q: What does the Sharpe ratio of 0.43 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Conservative Hybrid Fund's 0.43 means it has rewarded its volatility with excess return. Higher is better.

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

SBI 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 SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund is managed by Saurabh Pant, Mansi Sajeja and Milind Agrawal at SBI.

Q: How is SBI Conservative Hybrid Fund taxed?

SBI 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.

SBI Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹33.31

-0.08% 1D

as of 01 Oct 2026

This is the Direct plan of SBI Conservative Hybrid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+4.47%CAGR

52-week rangePrev NAV ₹33.34

Latest ₹33.31

Low ₹31.7477th percentile of its 52-week rangeHigh ₹33.77

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 3.6% (no category average yet)

Cost—

1.0% expense (no category average yet)

ConsistencyHigh

99% 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 99% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.99%

Category —

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

—

Category —

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

0.43

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

Exit Load

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

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

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.

08 Jan 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.89%

Absolute return over the last 3 months (not annualized)

-0.41%

Absolute return over the last 6 months (not annualized)

+4.94%

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

+2.64%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.31%

3-year annualized return (CAGR)

+8.07%

5-year annualized return (CAGR)

+8.46%

10-year annualized return (CAGR)

+7.26%

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.

+6.90%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

3.65%

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

0.43

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

0.59

Largest peak-to-trough decline over full history

-11.88%

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	-0.89%	—	—
3M abs	-0.41%	—	—
6M abs	+4.94%	—	—
1Y CAGR	+4.31%	—	—
3Y CAGR	+8.07%	—	—
5Y CAGR	+8.46%	—	—

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

₹7.28L

Absolute

+21.38%

XIRR

+7.93%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI 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	+2.64%
2025	+7.21%
2024	+11.57%
2023	+12.76%
2022	+5.09%
2021	+14.73%
2020	+14.24%
2019	+3.74%
2018	-3.83%
2017	+4.38%

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

3,325

Expense ratio

0.99%

AUM

₹9,722Cr

Portfolio turnover

124%

YTM (from holdings)

8.12%

Average maturity

2.31 years

Exit load

➢ For exit within 1 year from the date of allotment – - For 10% of Investment – Nil - For remaining Investment – 1.00% For exit after 1 year from the date of allotment – Nil The AMC reserves the right to modify / change the load structure on a prospective basis.

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


SBI Conservative Hybrid FundThis fund SBI · Direct · IDCW	—	+4.31%	+8.07%	+8.46%	—	0.99%	₹9,722Cr
SBI Conservative Hybrid Fund SBI · Direct · IDCW	—	+4.31%	+8.07%	+8.46%	—	0.99%	₹9,722Cr
UTI Conservative Hybrid Fund - Direct Plan - Monthly Payment UTI · Direct · IDCW	—	+0.75%	+7.33%	+6.80%	—	—	₹1.31Cr
Bank of India Conservative Hybrid Fund Bank of India · Direct · Annual IDCW	—	+2.43%	+6.26%	+9.48%	—	1.18%	₹64.73Cr
Bank of India Conservative Hybrid Fund Bank of India · Direct · Monthly IDCW	—	+2.43%	+6.26%	+9.48%	—	1.18%	₹64.73Cr
Bank of India Conservative Hybrid Fund Bank of India · Direct · Quarterly IDCW	—	+2.43%	+6.26%	+9.48%	—	1.18%	₹64.73Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap36.0%
Mid cap16.7%
Small cap47.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt69.31%
Equity24.36%
Cash & Equivalents6.04%
Other0.29%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

National Bank for Agriculture and Rural Development

3.13%

Adani Power Ltd.

2.92%

JTPM Metal Traders Ltd.

2.90%

Torrent Power Ltd.

2.45%

Sundaram Finance Ltd.

2.44%

Tata Power Company Ltd.

2.41%

JSW Kalinga Steel Ltd.

2.28%

Aditya Birla Renewables Ltd.

2.20%

LIC Housing Finance Ltd.

2.20%

LIC Housing Finance Ltd.

2.19%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Equity Minimum Variance Fund ICICI Prudential · Sectoral/ Thematic	29.4%	★★☆☆☆	1.79%	—
SBI Large & Midcap Fund SBI · Large & Mid Cap Fund	27.2%	★★★★☆	0.86%	+11.28%
DSP Large Cap Fund DSP · Large Cap Fund	26.2%	★★★☆☆	1.21%	+9.35%
DSP Business Cycle Fund DSP · Sectoral/ Thematic	26.1% of 83% equity	★★★☆☆	1.17%	—
HDFC Multi Asset Allocation Fund HDFC · Multi Asset Allocation	25.4% of 67% equity	★★★☆☆	0.99%	+11.04%
SBI Large Cap Fund SBI · Large Cap Fund	25.1%	★★★★☆	0.90%	+8.04%
ICICI Prudential Conservative Hybrid Fund ICICI Prudential · Conservative Hybrid Fund	24.8% of 23% equity	★★★★★	1.04%	+8.47%
ICICI Prudential Multi Asset Allocation Fund ICICI Prudential · Multi Asset Allocation	24.8% of 69% equity	★★★☆☆	0.85%	+13.14%

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.

-11.9%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 20 Jul 2020 — 4 months under water after the low.
-8.7%05 Mar 2015 → 07 May 2015
Fell over 2 months, back to the old high on 20 Jul 2016 — 14 months under water after the low.
-8.4%08 Jan 2018 → 09 Oct 2018
Fell over 9 months, back to the old high on 17 Jan 2020 — 15 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

₹9,722Cr

April - June 2026

-1%

since January - March 2026

−₹138.80Cr

est. net flow, last quarter

At or near its largest, ₹9,781Cr 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

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

SPSaurabh PantStart date not disclosed

Role

Fund Manager

Education

B.Com, MBE, C.F.A(USA) Level III candidate

Experience

Mr. Saurabh has over 15 years experience in Indian capital markets in the capacity of research analyst. He joined SBI Funds Management Ltd in May 2007 as Research Analyst. He is currently managing SBI Large & Midcap Fund, SBI Multicap Fund, SBI Large Cap Fund, and SBI Conservative Hybrid Fund (equity portion).

Funds managed (3)

All schemes Saurabh Pant runs →

MSMansi SajejaStart date not disclosed

Role

Fund Manager

Total experience

17 years

Education

Post Graduate Diploma in Business Management, CFA

Experience

Mansi Sajeja joined SBIFML in September 2009 as Credit Analyst. Prior to joining SBIFML, Mansi was Rating Analyst at ICRA Limited from March 2006 to September 2009. Mansi also manages, SBI Conservative Hybrid Fund (Debt portion), SBI Multi Asset Allocation Fund (Debt portion), SBI Equity Savings Fund (debt portion), SBI Balanced Advantage Fund (debt portion), SBI Short Term Debt Fund (Co-Fund Manager).

Funds managed (2)

All schemes Mansi Sajeja runs →

MAMilind AgrawalManaging since 01 Aug 2025

Role

Fund Manager

Experience

Milind joined SBI Funds Management Limited in May 2018 as an Equity Research Analyst. He has an experience of over 9 years in the Financial services industry. Before joining SBIFMPL, he had worked with Goldman Sachs Services Pvt. Ltd. as an Equity Research Analyst for 6 years. Prior to that, he was a Foreign Exchange Research Analyst at Vadilal Enterprises Ltd. He is currently managing SBI Banking & Financial Services Fund SBI Conservative Hybrid Fund (Equity portion)

Funds managed (1)

SBI Banking & Financial Services Fund

All schemes Milind Agrawal 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

Saurabh Pant Mansi Sajeja Milind Agrawal

Top holdings

Kingfa Science & Technology India Ltd.Biocon Ltd.Asian Paints Ltd.ICICI Bank Ltd.Bajaj Finserv Ltd.Axis Bank Ltd.Reliance Industries Ltd.Grindwell Norton Ltd.Hatsun Agro Product Ltd.HDFC Life Insurance Company Ltd.Gland Pharma Ltd.HDFC Bank Ltd.

SBI 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 SBI Conservative Hybrid Fund?

As of 01 Oct 2026, the NAV of SBI Conservative Hybrid Fund is ₹33.31 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Conservative Hybrid Fund delivered?

SBI Conservative Hybrid Fund has returned +4.31% over 1 year, +8.07% per year over 3 years, +8.46% per year over 5 years and +6.90% 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 SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund charges an expense ratio of 0.99% 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 SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund's largest holdings are National Bank for Agriculture and Rural Development (3.1%), Adani Power Ltd. (2.9%), JTPM Metal Traders Ltd. (2.9%), Torrent Power Ltd. (2.5%) and Sundaram Finance Ltd. (2.4%). Holdings are disclosed monthly and change over time.

How risky is SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.6% 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 0.43 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Conservative Hybrid Fund's 0.43 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of SBI Conservative Hybrid Fund?

SBI 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 SBI Conservative Hybrid Fund?

SBI Conservative Hybrid Fund is managed by Saurabh Pant, Mansi Sajeja and Milind Agrawal at SBI.

How is SBI Conservative Hybrid Fund taxed?

SBI 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.