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SBI Mutual Fund

SBI Conservative Hybrid Fund

SBI Mutual Fund · Direct plan · Growth

3-year returns
8.3%
a year
NAV
₹84.00
▲ 0.2% · 18 Sept 2026
Fund size
₹10,226 Cr
Expense ratio
0.98%
a year
Minimum SIP
₹500

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹76.46 and has returned 7.76% a year over 3 years.

Returns, and where it stands

Against the average conservative hybrid fund, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year4.8%3.1%ahead4 of 17
3 years8.3%7.8%ahead9 of 17
5 years8.6%7.5%ahead2 of 16
10 years8.9%7.8%ahead3 of 15
Every period, and the Regular plan →
PeriodDirectRegular
1 month-0.6%-0.6%
3 months0.7%0.6%
6 months3.9%3.6%
1 year4.8%4.3%
2 yearsp.a.5%4.5%
3 yearsp.a.8.3%7.8%
5 yearsp.a.8.6%8.1%
7 yearsp.a.10.3%9.7%
10 yearsp.a.8.9%8.2%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Sept 2016.

Plan

NAV history

▲ 4.77% in the last 1Y

79.782.184.618 Sept 202518 Mar 202618 Sept 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
years
Total invested
₹1,80,000
Gain
₹19,119
XIRR (per year)
6.69%
Value today
₹1,99,119

36 monthly instalments from 22 Sept 2023, valued at the latest NAV. Past returns do not guarantee future returns.

What this fund holds

As on 31 August 2026

  • Debt69.3%
  • Equity24.4%
  • Cash6.04%
  • Other0.29%

Top holdings

The ten largest holdings and their share of the fund
National Bank for Agriculture and Rural Development[ICRA]AAA3.13%
Adani Power LtdCRISIL AA2.92%
JTPM Metal Traders LtdCRISIL AA2.9%
Torrent Power LtdCRISIL AA+2.45%
Sundaram Finance LtdCRISIL AAA2.44%
Tata Power Company LtdCRISIL AA+2.41%
JSW Kalinga Steel LtdCRISIL AA2.28%
Aditya Birla Renewables LtdCRISIL AA2.2%
LIC Housing Finance LtdCRISIL AAA2.2%
LIC Housing Finance LtdCRISIL AAA2.19%

and 98 more holdings.

Where the equity sits

  • Industrial Products3.94%
  • Banks3.35%
  • Pharmaceuticals & Biotechnology3.05%
  • Consumer Durables2.05%
  • Finance1.61%
  • Insurance1.5%
  • Food Products1.27%
  • Petroleum Products1.15%

and 12 more sectors.

From the monthly portfolio SBI Mutual Fund publishes for this scheme, as required by SEBI. Cash covers bank balances, treasury bills lent overnight and money due to the scheme, which carry no ISIN and so are shown as the remainder.Original disclosure

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
3.6% a year
about the same as the conservative hybrid fund average
Worst fall so far
−11.9%
Feb 2020 to Mar 2020, against −10.9% for the category.
Years that made money
96.2%
Of every one-year stretch it has been through.
Over any three years
2% to 15.1%
A year, at worst and at best. Typically 9.9%.

Fund details

Minimum lumpsum
₹5,000
Minimum top-up
₹1,000
Lock-in
None
Plan started
1 Jan 2013
Expense ratio
0.98%
as of 31 Jul 2026

Managed by Saurabh Pant, Mansi Sajeja

Direct plan figures, last checked on 20 Sept 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

SBI Conservative Hybrid Fund against other funds in the Conservative Hybrid Fund category
Fund1Y3Y5YExpenseFund size
Parag Parikh Conservative Hybrid Fund4.86%9.24%9.35%0.31%₹3,481 Cr
HSBC Conservative Hybrid Fund2.18%8.96%7.64%1.22%₹156 Cr
ICICI Prudential Conservative Hybrid Fund2.86%8.65%8.39%1.03%₹3,329 Cr
Aditya Birla Sun Life Conservative Hybrid Fund4.46%8.6%8%0.82%₹1,502 Cr
Nippon India Conservative Hybrid Fund (Existing number of Segregated Portfolios - 1)6.65%8.57%8.24%1%₹984 Cr
Kotak Conservative Hybrid Fund2.84%8.52%8.41%0.61%₹2,833 Cr
SBI Conservative Hybrid Fund4.77%8.29%8.6%0.98%₹10,226 Cr

About SBI Conservative Hybrid Fund

SBI Conservative Hybrid Fund is a conservative hybrid fund managed by SBI Mutual Fund. Invest 75–90% in debt and 10–25% in equity, for modest growth with lower volatility.

To provide the investors an opportunity to invest primarily in Debt and Money market instruments and secondarily in equity and equity related instruments.

The scheme's stated objective, as published by SBI Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth₹83.9972119839
DirectIDCW₹25.6642119836
DirectIDCW₹33.4967119837
DirectIDCW₹27.8078119838
RegularGrowth₹76.457100968
RegularIDCW₹21.1706100927
RegularIDCW₹22.0512100928
RegularIDCW₹26.9692100929

Frequently asked questions

What is the NAV of SBI Conservative Hybrid Fund today?

The NAV of SBI Conservative Hybrid Fund (Direct plan, Growth) is ₹83.9972 and the Regular plan NAV is ₹76.457, as of 18 Sept 2026.

What returns has SBI Conservative Hybrid Fund given?

Over the last year the Direct plan returned 4.77%, and 8.29% a year over 3 years and 8.6% a year over 5 years. That places it 9 of 17 funds in its category over 3 years. Past returns do not guarantee future returns.

What is the expense ratio of SBI Conservative Hybrid Fund?

The Direct plan charges 0.98% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in SBI Conservative Hybrid Fund?

You can start a monthly SIP with ₹500, or invest a lump sum of ₹5,000 or more.

How much has SBI Conservative Hybrid Fund fallen in the past?

Its deepest fall was 11.9% from 20 Feb 2020 to 23 Mar 2020. Of every one-year stretch in its history, 96% ended in a gain.

What does SBI Conservative Hybrid Fund invest in?

As on 31 Aug 2026 it held 108 positions, the largest being National Bank for Agriculture and Rural Development (3.1%), Adani Power Ltd (2.9%), JTPM Metal Traders Ltd (2.9%). Its biggest sector was industrial products at 3.9% of the fund. Portfolios change every month.

Which category does SBI Conservative Hybrid Fund belong to?

It is a Conservative Hybrid Fund from SBI Mutual Fund. Invest 75–90% in debt and 10–25% in equity, for modest growth with lower volatility.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from SBI Conservative Hybrid Fund taxed?

How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.