Fundalysisby DARKHORSESTOCKS

Scheme

HDFC Conservative Hybrid Fund

Holds 37 companies worth ₹608 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹3,108 CrHDFC Conservative Hybrid Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.9% on Aug 2026, ₹3,201 Cr.

  • Largest holding

    ICICI BankICICI Bank is 2.1% of this scheme's NAV.

  • Fund manager

    Anupam JoshiRuns it since 7 Mar 2026, as the fund house dates it. With Anand Laddha (fund manager), Bhagyesh Kagalkar (gold & silver), Gopal Agrawal (overseas).

Overview(14 Sept 2026)

Fund managers4

  1. Anupam JoshiFund manager, debt · Mar 2026 · 25y · PGDM
  2. Anand LaddhaFund manager, equity · Sept 2026 · 22y · CA B.Com
  3. Bhagyesh KagalkarGold & silver · Aug 2026 · 31y · MMS B.E.
  4. Gopal AgrawalOverseas · Sept 2026 · 21y · B.E.
  1. Dhruv MuchhalJun 2023 – Sept 2026
  2. Srinivasan RamamurthyDec 2021 – Sept 2026

Key facts

Benchmark
NIFTY 50 Hybrid Composite Debt 15:85 Index (Total Returns Index)
Risk
Moderately High
Expense
Regular 1.69% · Direct 1.17%
Exit load
1% within 1 year
Started
26 Dec 2003
Minimum
₹100

Source.Its Scheme Summary Document as of 14 Sept 2026 at AMFI.

What changed(20 changes)

Sept 2026

6 changes
  1. Renamed
    14 SeptHDFC Hybrid Debt Fund → HDFC Conservative Hybrid Fund
  2. Anand Laddha joined
    11 Septas fund manager (equity)
  3. Bhagyesh Kagalkar joined
    11 Septfor gold and silver
  4. Gopal Agrawal joined
    11 Septfor overseas investments
  5. Dhruv Muchhal left
    11 Septran it for overseas investments from Jun 2023
  6. Srinivasan Ramamurthy left
    11 Septran it as fund manager (equity) from Dec 2021

Jul 2026

1 change
  1. Expense ratio
    14 JulRegular 1.67% → 1.69%

Jun 2026

1 change
  1. Expense ratio
    11 JunRegular 1.73% → 1.67%Direct 1.23% → 1.17%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Sept 2007 – now)

  1. Anupam Joshi
  2. Anand Laddha
  3. Bhagyesh Kagalkar
  4. Gopal Agrawal
  5. Dhruv Muchhal
  6. Srinivasan Ramamurthy
  7. Shobhit Mehrotra
MainCoSlice20082012201620202024
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Sept 2026)

Every change to the expense ratio, newest first.
12 changesRegularDirectΔ pt
14 Jul 20261.69%1.17%0
11 Jun 20261.67%1.17%0.06
12 May 20261.73%1.23%0.02
11 Mar 20261.76%1.21%0.01
13 Jan 20261.75%1.20%0.03
15 Sept 20251.75%1.17%0.01
13 Jun 20251.74%1.16%0.02
12 May 20251.72%1.14%0.01
12 Feb 20251.73%1.15%0.06
1 Jan 20251.77%1.21%0.01
14 Nov 20241.76%1.20%0.03
15 Sept 20241.76%1.23%–
Direct plan, 14 Jul 2026
1.17%
Regular plan 1.69% · Exit load 1% within 1 year
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(14 Sept 2026)

Objective

To generate income/capital appreciation by investing primarily in debt securities, money market instruments and moderate exposure to equities.There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Moderately High
Type
An open-ended hybrid scheme investing predominantly in debt instruments
Benchmark
NIFTY 50 Hybrid Composite Debt 15:85 Index (Total Returns Index)

Asset allocation it may hold% of NAV

  1. Debt securities (including securitized debt) & Money Market instruments
    Allowed75–90%Holds80.4%
  2. Equities & Equity related instruments
    Allowed10–25%Holds19.5%
  3. Units issued by InvITs
    Allowed0–10%Holds0.1%
  4. ETCDs
    Allowed0–10%
  5. Commodities ETFs such as Gold/Silver/other Commodities as permitted and Units of Mutual Fund
    Allowed0–15%

Holds in Sept 2026.19.5% equity · 80.4% debt and cash · 0.1% REITs and InvITs

How to invest(14 Sept 2026)

Buying

To start
₹100, then any amount
To add
₹100, then any amount
Systematic
For Systematic Investmet Plan (SIP) Daily, Weekly, Monthly, Quarterly, Half Yearly and Yearly For Systematic Withdrawal Advantage Plan (SWAP) Fixed SWAP - Monthly, Quarterly, Half Yearly, Yearly Variable SWAP - Quarterly, Half Yearly, Yearly For Sytematic Transfer Plan (STP) Fixed Systematic Transfer Plan (FSTP) - Daily, Weekly, Monthly, Quarterly Capital Appreciation Systematic Transfer Plan (CASTP) - Monthly, Quarterly
Dates
SIP: For Daily SIP- All Business Days For Weekly SIP- Any business day between Monday to Friday, (Default date is Wednesday) For all other frequnecies - Any date fo the month. If it happens to be a non-Business Day, SIP will be processed on the next Business Day (Default date = 10th of the month) SWP: For Fixed and Variable SWP- Any date. Default Date: 25th STP For Daily FSTP- All Business days For Weekly FSTP-Monday,Tuesday,Wednesday,Thursday,Friday (Default Day) For Monthly FSTP and CASTP - 1,5,10#,15,20,25 For Quarterly FSTP and CASTP - 1,5,10#,15,20,25 #Default Date
Minimum
For SIP DSIP, WSIP, MSIP - Rs. 100; QSIP - Rs. 1500; HSIP - Rs. 2500; YSIP - Rs. 5000. For SWAP Fixed SWAP - Rs. 100; Variable SWAP - Rs. 300. For STP Fixed STP (FSTP) Daily FSTP - Rs. 500; Weekly FSTP - Rs. 500; Monthly FSTP - Rs. 1000; Quarterly FSTP -Rs. 3000. Capital Appreciation STP (CASTP) Monthly CASTP - Rs. 300; Quarterly CASTP - Rs 1000., then for SIP and SWAP Re. 1/- thereafter; For STP FSTP Daily, Monthly, Quarterly FSTP - Rs. 100 thereafter Weekly FSTP - any amount thereafter CASTP Mulitples will be based on the appreciated amount
Instalments
SIP: Minimum number of installments under DSIP- 2 Minimum number of Installments under WSIP and MSIP : - In respect of each SIP Installment between Rs.300 to Rs.499 in value - 20 - In respect of each SIP Installment between Rs.500 to Rs.999 in value - 12. In respect of each SIP Installment equal to or greater than Rs 1,000 in value - 6 Minimum number of installments under QSIP : - In respect of each SIP Installment between Rs.1,500 to Rs.2,999 in value- 4; In respect of each SIP Installment equal to or greater than Rs. 3,000 in value- 2 Minimum number of installments under HYSIP: - In respect of each SIP Installment equal to or greater than Rs. 2,500 in value- 2 Minimum number of installments under YSIP: - In respect of each SIP Installment equal to or greater than Rs. 5,000 in value- 1 SWP: For Fixed and Variable SWP- 2 STP: Under Daily FSTP: -where installment amount is less than Rs. 1,000 : 12 - where installment amount is equal to or greater than Rs. 1,000: 6 Under Weekly STP : - Where installment amount is less than Rs. 1,000: 12 installments - Where installment amount is equal to or greater than Rs. 1,000: 6 installments However, for weekly STP in equity linked savings schemes, there should be a minimum of 6 installments for enrollment. Under Monthly FSTP & Monthly CASTP : - Minimum 6 installments, Under Quarterly FSTP & Quarterly CASTP : - Minimum 2 installments. Further, the minimum balance in the Unit holders account or the minimum amount of application at the time of enrolment for STP in the Transferor Scheme should be Rs. 12,000. There will be no maximum duration for STP enrolment.

Selling and switching

To redeem
Rs.100 and multiples of Re.1/- thereafter or No minimum redemption criterion for Unit based redemption units
Minimum balance
There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
Switch minimum
Switch - in: Rs.100 and any amount thereafter Additional Amount:. Rs. 100 and any amount thereafter Switch - out :Rs. 100 and multiples of Re. 1/- thereafter
Switch multiples
Any amount
Switch most
Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable Switch out: Not applicable. units

Scheme details(14 Sept 2026)

What it is

Category
Conservative Hybrid Fund
Offer
17 Nov 2003 to 8 Dec 2003
Started
26 Dec 2003
Matures
Not Applicable.
Plans
Plans:Regular and Direct. Each Plan offers the following sub-options: · a)Growth Option. · Income Distribution cum Capital Withdrawal (IDCW) Option. This Option offers following Sub-Options / facilities: · • Monthly & Quarterly (Payout of Income Distribution Cum Capital Withdrawal option/Facility and Re-investment of Income Distribution Cum Capital Withdrawal Option/ Facility)
Face value
₹10
Listed
Not listed

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
ICICI Bank Limited
Auditor
S.R. Batliboi & Co. LLP – Chartered Accountants
Registrar
Computer Age Management Services Limited
SEBI code
HDFC/O/H/CHF/03/10/0011