Best Conservative Hybrid Mutual 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.
Top conservative hybrid mutual funds by 3Y returns
17Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 05 Oct 2026, Parag Parikh Conservative Hybrid Fund (Direct plan, Growth option) leads conservative hybrid mutual funds on 3-year CAGR at +9.18%, followed by HSBC Conservative Hybrid Fund at +8.69% and ICICI Prudential Conservative Hybrid Fund at +8.57%. Across 17 conservative hybrid mutual funds the category averaged +7.56% over three years, at an average expense ratio of 0.96%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | Parag Parikh Conservative Hybrid Fund PPFAS | ★★★★★ | +3.5% | +9.2% | +8.9% | 0.32% | ₹3,475Cr |
| 2 | HSBC Conservative Hybrid Fund HSBC | ★★★☆☆ | +1.5% | +8.7% | +7.3% | 1.19% | ₹154.04Cr |
| 3 | ICICI Prudential Conservative Hybrid Fund ICICI Prudential | ★★★★★ | +2.3% | +8.6% | +8.0% | 1.04% | ₹3,339Cr |
| 4 | DSP Conservative Hybrid Fund DSP | ★★★☆☆ | +2.8% | +8.5% | +7.3% | 0.64% | ₹178.28Cr |
| 5 | Aditya Birla Sun Life Conservative Hybrid FundSmall fund Aditya Birla Sun Life | ★★★★☆ | +3.4% | +8.4% | +7.8% | 0.96% | ₹74.51Cr |
| 6 | Baroda BNP Paribas Conservative Hybrid Fund Baroda BNP Paribas | ★★★★☆ | +4.4% | +8.3% | — | 0.55% | ₹944.24Cr |
| 7 | Kotak Conservative Hybrid Fund Kotak Mahindra | ★★★★☆ | +1.5% | +8.3% | +8.1% | 0.61% | ₹2,839Cr |
| 8 | SBI Conservative Hybrid Fund SBI | ★★★★☆ | +4.2% | +8.2% | +8.4% | 0.98% | ₹10,195Cr |
| 9 | Franklin India Conservative Hybrid Fund Franklin Templeton | ★★★☆☆ | +1.3% | +7.5% | +7.0% | 0.82% | ₹178.07Cr |
| 10 | Canara Robeco Conservative Hybrid Fund Canara Robeco | ★★★☆☆ | +2.1% | +7.4% | +6.8% | 0.77% | ₹854.90Cr |
| 11 | UTI Conservative Hybrid Fund UTI | ★★☆☆☆ | +0.6% | +7.4% | +6.8% | 1.25% | ₹1,412Cr |
| 12 | HDFC Conservative Hybrid Fund HDFC | ★★★☆☆ | +0.7% | +7.0% | +7.4% | 1.18% | ₹3,217Cr |
| 13 | Bandhan Conservative Hybrid FundSmall fund Bandhan | ★☆☆☆☆ | +2.2% | +6.9% | +5.5% | 0.89% | ₹91.10Cr |
| 14 | LIC MF Conservative Hybrid FundSmall fund LIC | ★★☆☆☆ | +2.8% | +6.4% | +5.4% | 1.68% | ₹44.91Cr |
| 15 | Bank of India Conservative Hybrid FundSmall fund Bank of India | ★☆☆☆☆ | +2.3% | +6.4% | +9.5% | 1.18% | ₹65.10Cr |
| 16 | Axis Conservative Hybrid Fund Axis | ★★☆☆☆ | +0.8% | +6.3% | +5.7% | 1.16% | ₹220.02Cr |
| 17 | Sundaram Conservative Hybrid FundSmall fund Sundaram | ★★☆☆☆ | -1.0% | +5.1% | +5.1% | 1.13% | ₹18.84Cr |
NAV data as of 05 Oct 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
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Frequently asked questions
What are conservative hybrid mutual 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.
Which is the best conservative hybrid fund right now?
Parag Parikh Conservative Hybrid Fund by PPFAS currently ranks first among conservative hybrid mutual funds by 3-year CAGR at +9.18%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have conservative hybrid mutual funds given?
The category has averaged +2.08% over 1 year, +7.56% annualized over 3 years, +7.19% annualized over 5 years — peer averages over the live funds in the category, computed from AMFI NAV history.
How are conservative hybrid mutual funds taxed?
Debt taxation: all gains are added to your income and taxed at your slab rate, regardless of holding period (for units bought on or after 1 April 2023).