ICICI Prudential Conservative Hybrid Fund
ICICI Prudential Mutual Fund · Best Conservative Hybrid Mutual Funds
This is the Direct plan of ICICI Prudential Conservative Hybrid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed monthly, which is why this NAV sits below the growth plan of the same fund.
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 (+8.69% 3Y CAGR)NAV history
Scorecard
Not ratedHow 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.
Not enough Conservative Hybrid Fund peers to rank yet
Volatility 4.5% (no category average yet)
1.0% expense (no category average yet)
96% 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 96% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Conservative Hybrid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.92% | — | — |
| 3M abs | -1.98% | — | — |
| 6M abs | +0.81% | — | — |
| 1Y CAGR | -1.78% | — | — |
| 3Y CAGR | -0.09% | — | — |
| 5Y CAGR | -0.06% | — | — |
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.
60 monthly installments of ₹10,000 into ICICI Prudential 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 | -1.33% | |
| 2025 | +0.13% | |
| 2024 | -1.07% | |
| 2023 | +2.28% | |
| 2022 | -0.77% | |
| 2021 | +1.05% | |
| 2020 | +2.19% | |
| 2019 | +0.27% | |
| 2018 | +0.32% | |
| 2017 | +6.47% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt72.71%
- Equity23.34%
- Cash & Equivalents3.27%
- Real Estate / REITs0.38%
- Other0.30%
AMC Profile
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.
Fund Managers
MBManish BanthiaManaging since 19 Sep 2013
Chief Investment Officer - Fixed Income
Chartered Accountant, MBA and B.Com
Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 21 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments - August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development - October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.
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AKAkhil KakkarManaging since 22 Jan 2024
Senior Fund Manager – Fixed Income
PGDM (Finance) and B. Tech (Electrical)
Mr. Akhil joined ICICI Prudential Asset Management Company Limited in September 2015. He has around 18 years of experience. Past Experience: ~ Kotak Mahindra Bank Vice President, Debt Capital Markets - February 2010 to September 2015. ~ SBI Capital Markets Associate, Project Advisory ICICI Prudential Credit Risk Fund & Structured Finance - May 2009 to February 2010. ~Goldman Sachs Services Pvt Ltd - Analyst Developer - June 2005 to June 2007.
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RCRoshan ChutkeyManaging since 02 May 2022
Senior Fund Manager – MF Equity
B.Tech (IIT Madras), MBA (IIM Lucknow), Masters in Finance (London Business School) and Chartered Financial Analyst (CFA) Charter holder
Mr. Roshan Chutkey has joined ICICI Prudential Asset Management Company Limited in February 2015. He has around 18 years of total experience. Past Experience: ~ Estee Advisors – Research – Indian F&O Universe - May, 2013 to January 2014. ~ Kuwait Financial Centre - Macroeconomic research, Fund of funds management - March 2008 to July, 2011. ~ Citibank - Risk Management, Cards business - May 2006 to February 2008. ~ JP Morgan Chase - Equity Research - January 2005 to May 2006.
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.
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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 ICICI Prudential Conservative Hybrid Fund?
As of 06 Oct 2026, the NAV of ICICI Prudential Conservative Hybrid Fund is ₹16.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Conservative Hybrid Fund delivered?
ICICI Prudential Conservative Hybrid Fund has returned -1.78% over 1 year, -0.09% per year over 3 years, -0.06% per year over 5 years and +1.80% 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 ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Conservative Hybrid Fund charges an expense ratio of 1.04% 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 ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Conservative Hybrid Fund's largest holdings are Government Securities (4.1%), Adani Enterprises Ltd. (3.0%), Government Securities (3.0%), Manappuram Finance Ltd. (3.0%) and Godrej Properties Ltd. (2.3%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.5% and its worst peak-to-trough fall in our sample was -9.4%. 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 -1.46 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Conservative Hybrid Fund's -1.46 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential 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 ICICI Prudential Conservative Hybrid Fund?
ICICI Prudential Conservative Hybrid Fund is managed by Manish Banthia, Akhil Kakkar and Roshan Chutkey at ICICI Prudential.
How is ICICI Prudential Conservative Hybrid Fund taxed?
ICICI Prudential 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.