HybridConservative Hybrid FundDirectGrowthModerately High

HSBC Conservative Hybrid Fund

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

As of 05 Oct 2026, the NAV of HSBC Conservative Hybrid Fund is ₹70.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Conservative Hybrid Fund delivered?

HSBC Conservative Hybrid Fund has returned +1.48% over 1 year, +8.69% per year over 3 years, +7.34% per year over 5 years and +8.64% 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 HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund charges an expense ratio of 1.19% 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 HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund's largest holdings are 7.72% Maharashtra SDL - 23-Mar-2032 (10.1%), NABARD (6.8%), REC Limited (6.6%), Indian Railway Finance Corporation Ltd (6.4%) and 6.68% GOI 07Jul2040 (6.2%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.9% and its worst peak-to-trough fall in our sample was -10.4%. 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 0.45 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Conservative Hybrid Fund's 0.45 means it has rewarded its volatility with excess return. Higher is better.

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

HSBC 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 HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund is managed by Mahesh Chhabria, Mohd Asif Rizwi, Cheenu Gupta, Abhishek Gupta and Sonal Gupta at HSBC.

Q: How is HSBC Conservative Hybrid Fund taxed?

HSBC 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.

HSBC Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹70.87

+0.21% 1D

as of 05 Oct 2026

This is the Direct plan of HSBC Conservative Hybrid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+1.33%absolute

52-week rangePrev NAV ₹70.72

Latest ₹70.87

Low ₹67.7267th percentile of its 52-week rangeHigh ₹72.43

Scorecard

★★★☆☆3/5 vs 17 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).

PerformanceStrong

3Y CAGR +8.69% · ranks 2 of 17 Conservative Hybrid Funds

RiskHigh

Volatility 4.9% vs 3.6% category avg

CostHigh

1.2% expense vs 0.9% category avg

ConsistencyHigh

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

3-year return (+8.69%) beats the Conservative Hybrid Fund average (+7.49%)
Stronger risk-adjusted returns — Sharpe 0.45 vs 0.29 Conservative Hybrid Fund average
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+1.48%) trails the Conservative Hybrid Fund average (+2.12%)
More volatile than its Conservative Hybrid Fund peers (4.9% vs 3.6%)
High expense ratio (1.19%) vs the Conservative Hybrid Fund average of 0.95%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.19%

Category 0.95%▲0.24%

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

—

Category —

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

0.45

Category 0.29▲0.16

Scheme Info

Definitions

Plan

Direct · Growth

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

₹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.

11 Jan 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.30%

Absolute return over the last 3 months (not annualized)

-1.60%

Absolute return over the last 6 months (not annualized)

+4.22%

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

+2.97%

Annualized returns (≥1Y — CAGR)

Definitions

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

+1.48%

3-year annualized return (CAGR)

+8.69%

5-year annualized return (CAGR)

+7.34%

10-year annualized return (CAGR)

+7.77%

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.

+8.64%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.87%

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

0.45

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

0.62

Largest peak-to-trough decline over full history

-10.38%

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	-1.30%	-1.26%	-0.04%
3M abs	-1.60%	-0.99%	-0.61%
6M abs	+4.22%	+3.29%	+0.93%
1Y CAGR	+1.48%	+2.12%	-0.64%
3Y CAGR	+8.69%	+7.49%	+1.20%
5Y CAGR	+7.34%	+7.18%	+0.16%

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

1Y return

+1.48%

Beats 37.5% · rank #11

3Y return

+8.69%

Beats 93.8% · rank #2

5Y return

+7.34%

Beats 53.3% · rank #8

Sharpe

0.45

Beats 62.5% · rank #7

Sortino

0.62

Beats 62.5% · rank #7

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

₹7.22L

Absolute

+20.30%

XIRR

+7.56%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into HSBC 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	+2.97%
2025	+2.77%
2024	+16.93%
2023	+12.29%
2022	+1.98%
2021	+9.85%
2020	+12.98%
2019	+9.60%
2018	+0.83%
2017	+10.47%

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Sonal Gupta; Mayank Chaturvedi, Dipan S. Parikh stepped away
25 Sep 2026

History points

3,313

Expense ratio

1.19%

AUM

₹145.45Cr

YTM

7.32%

Exit load

Nil

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


HSBC Conservative Hybrid FundThis fund HSBC · Direct · Growth	★★★☆☆	+1.48%	+8.69%	+7.34%	—	1.19%	₹145.45Cr
Parag Parikh Conservative Hybrid Fund PPFAS · Direct · Growth	★★★★★	+3.51%	+9.18%	+8.92%	—	0.32%	₹3,353Cr
ICICI Prudential Conservative Hybrid Fund ICICI Prudential · Direct · Growth	★★★★★	+2.30%	+8.57%	+8.04%	—	1.04%	—
DSP Conservative Hybrid Fund DSP · Direct · Growth	★★★☆☆	+2.78%	+8.50%	+7.25%	—	0.64%	—
Aditya Birla Sun Life Conservative Hybrid Fund Aditya Birla Sun Life · Direct · Growth	★★★★☆	+3.45%	+8.37%	+7.79%	—	0.96%	—
Baroda BNP Paribas Conservative Hybrid Fund Baroda BNP Paribas · Direct · Growth	★★★★☆	+4.40%	+8.33%	—	—	0.55%	₹883.37Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap67.0%
Mid cap24.8%
Small cap8.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt77.36%
Equity16.31%
Cash & Equivalents6.33%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Nippon India ETF Nifty Bank BeES Nippon India · Other ETFs	38.9%	—	0.20%	+7.95%
Motilal Oswal Nifty Bank Index Fund Motilal Oswal · Index Funds	38.9%	★★★☆☆	0.32%	+7.90%
UTI Nifty Bank ETF UTI · Equity ETF	38.9%	★★☆☆☆	—	+8.03%
ICICI Prudential Nifty Bank Index Fund ICICI Prudential · Index Funds	38.9%	★★★☆☆	0.22%	+7.93%
DSP Nifty Bank Index Fund DSP · Index Funds	38.9%	★★★☆☆	0.27%	—
SBI Nifty Bank Index Fund SBI · Index Funds	38.9%	★★★☆☆	0.33%	—
Navi Nifty Bank Index Fund Navi · Index Funds	38.9%	★★★☆☆	0.23%	+7.94%
Nippon India Nifty Bank Index Fund Nippon India · Index Funds	38.9%	★★★☆☆	0.31%	—

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.

-10.4%14 Feb 2020 → 23 Mar 2020
Fell over 38 days, back to the old high on 01 Jul 2020 — 3 months under water after the low.
-8.2%28 May 2013 → 28 Aug 2013
Fell over 3 months, back to the old high on 06 Jan 2014 — 4 months under water after the low.
-6.1%16 Dec 2024 → 03 Mar 2025
Fell over 3 months, back to the old high on 13 May 2025 — 2 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

₹145.45Cr

April - June 2026

+5%

since January - March 2026

+₹5.72Cr

est. net flow, last quarter

At or near its largest, ₹145.45Cr in April - June 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

HSBC Mutual Fund is the Indian arm of HSBC Asset Management and has operated here since 2002. It roughly tripled in size by acquiring L&T Mutual Fund in 2022 and merging the two line-ups.

Launched

26 May 2002

Total AUM

₹1,56,995Cr+9.8% QoQ

Avg AUM · July - September 2026

Website

assetmanagement.hsbc.co.in/en

Fund Managers

MCMahesh ChhabriaManaging since 15 Jul 2023

Role

VP Fund Management Fixed Income

Education

Masters in Management Studies (M.M.S)

Experience

Over 15 years of experience HSBC Asset Management (India) Private Limited as SVP - Fund Management - Fixed Income (Since March 01, 2024) as VP - Fund Management - Fixed Income (from November 26, 2022 – February 28, 2024) Prior Assignments: L&T Investment Management Ltd Fixed Income – Fund Manager from November 25, 2021 to November 25, 2022. L&T Investment Management Ltd Dealer in Fixed Income since June, 2015 till November 24, 2021 Edelweiss Securities Ltd Fixed Income dealer from October 2013 - June 2015 Derivium Traditions Pvt. Ltd. Fixed Income dealer from February 2013- October 2013 L&T Investment Management Ltd. Associate in Investment Operations from November 2012 – February 2013. FIL Fund Management Pvt. Ltd. Associate in Investment Operations from August 2010 – November, 2012 Edelweiss Securities Limited as Equity dealer from March 2007 to May 2014. Karvy Stock Broking Limited as Equity dealer from June 2005 to March 2007

Funds managed (11)

All schemes Mahesh Chhabria runs →

MRMohd Asif RizwiManaging since 01 Feb 2025

Role

VP Dealing Fixed Income

Education

PUBLIC PGDM from IIM Calcutta & B. Tech (Chemical Engineering) from IIT Bombay

Experience

Over 16 years of experience HSBC Asset Management (India) Private. Limited as SVP - Fund Management - Fixed Income (Since January 16, 2024) as SVP - Dealing - Fixed Income (from March 1, 2023 to January 15, 2024) as VP - Dealing - Fixed Income (from November 26, 2022 to February 28, 2023) Prior Assignments: L&T Investment Management Ltd. as Senior Dealer in Fixed Income since May 11, 2020 to November 25, 2022 Yes Bank Ltd as Executive Vice President from April 2020, 2015 to May 08, 2020. ICICI Bank Ltd. as Senior Manager from May 9, 2012 to April 18, 2015. Deutsche Bank Global Markets Centre as Senior Analyst from July 2007 to May 2010.

Funds managed (14)

All schemes Mohd Asif Rizwi runs →

CGCheenu GuptaManaging since 26 Nov 2022

Role

SVP Fund Management Equities Vice President – Dealing Equities Associate Vice President – Dealing Fixed Income

Education

PUBLICPUBLIC CFA Charter (USA), PGDBM (Finance) - SPJIMR, B.E. (I.T)

Experience

Over 19 years of experience HSBC Asset Management (India) Private. Limited as SVP Fund Management Equities (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited Fund Manager – Equity from July 01, 2021 to November 25, 2022. Canara Robeco Asset Management Company Limited as Equity - Fund Manager (March 2018 – June 2021) Tata AIA Life Insurance Company Limited Equity Fund Manager (from August 2009 - February 2018)

Funds managed (4)

All schemes Cheenu Gupta runs →

AGAbhishek GuptaManaging since 01 Apr 2024

Education

PGDM IIMC, CFA, CFA Institute, USA, BCom (hons) from SRCC Delhi.

Experience

Over 20 years of experience HSBC Asset Management (India) Private. Limited as SVP – Fund Management Equities (Since February 2024) Prior Assignments: Edelweiss Mutual Fund Equity Investments from July 2021 to January 2024 Goldman Sachs Asset Management Equity Investments December 2010 to June 2021

Funds managed (3)

All schemes Abhishek Gupta runs →

SGSonal GuptaManaging since 01 Dec 2023

Role

Head of Research – Equity

Education

CFA Charter from CFA Institute, USA Post Graduate Diploma in Management from Indian Institute of Management, Bangalore. Bachelors in Mechanical Engineering, Delhi College of Engineering, Delhi University

Experience

Over 22 years of experience HSBC Asset Management (India) Private. Limited as Head Research – Equities (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited as Head of Research – Equity from June 1, 2021 to November 25, 2022 UBS Securities India Pvt Ltd from June 19, 2006 till May 28, 2021 [Director – Equity Research (since Mar’ 2010)]

Funds managed (5)

All schemes Sonal Gupta 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

Mahesh Chhabria Mohd Asif Rizwi Cheenu Gupta Abhishek Gupta Sonal Gupta

Top holdings

HDFC Bank Limited ICICI Bank Limited The Federal Bank Limited KEI Industries Limited GE Vernova T&D India Limited CG Power And Industrial Solutions Ltd Bharat Electronics Limited PERSISTENT SYSTEMS LTD Cholamandalam Invest & Finance Co Ltd Larsen & Toubro Limited Siemens Limited Siemens Energy India Limited

HSBC 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 HSBC Conservative Hybrid Fund?

As of 05 Oct 2026, the NAV of HSBC Conservative Hybrid Fund is ₹70.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Conservative Hybrid Fund delivered?

HSBC Conservative Hybrid Fund has returned +1.48% over 1 year, +8.69% per year over 3 years, +7.34% per year over 5 years and +8.64% 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 HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund charges an expense ratio of 1.19% 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 HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund's largest holdings are 7.72% Maharashtra SDL - 23-Mar-2032 (10.1%), NABARD (6.8%), REC Limited (6.6%), Indian Railway Finance Corporation Ltd (6.4%) and 6.68% GOI 07Jul2040 (6.2%). Holdings are disclosed monthly and change over time.

How risky is HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.9% and its worst peak-to-trough fall in our sample was -10.4%. 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 0.45 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Conservative Hybrid Fund's 0.45 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of HSBC Conservative Hybrid Fund?

HSBC 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 HSBC Conservative Hybrid Fund?

HSBC Conservative Hybrid Fund is managed by Mahesh Chhabria, Mohd Asif Rizwi, Cheenu Gupta, Abhishek Gupta and Sonal Gupta at HSBC.

How is HSBC Conservative Hybrid Fund taxed?

HSBC 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.