Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Conservative Hybrid Fund

Holds 28 companies worth ₹33.5 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹152 CrHSBC Conservative Hybrid Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.0% on Aug 2026, ₹156 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 2.8% of this scheme's NAV.

  • Fund manager

    Cheenu GuptaRuns it since 26 Nov 2022, as the fund house dates it. With Mahesh Chhabria (fund manager), Abhishek Gupta (fund manager), Mohd. Asif Rizwi (fund manager), Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers6

  1. Cheenu GuptaFund manager, equity · Nov 2022 · 20y · CFA PGDM B.E.
  2. Mahesh ChhabriaFund manager, debt · Jul 2023 · 15y · MMS
  3. Abhishek GuptaFund manager, equity · Apr 2024 · 21y · CFA PGDM B.Com
  4. Mohd. Asif RizwiFund manager, debt · Feb 2025 · 16y · PGDM B.Tech
  5. Mayank ChaturvediOverseas · Oct 2025
  6. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com

    Key facts

    Benchmark
    NIFTY 50 Hybrid Composite Debt 15:85 Index
    Risk
    Moderately High
    Expense
    Regular 2.2% · Direct 1.25%
    Exit load
    Exit Load : Nil
    Started
    24 Feb 2004
    Minimum
    Rs. 5,000 per application

    Source.Its Scheme Summary Document as of 16 Sept 2026 at AMFI.

    What changed(16 changes)

    Sept 2026

    3 changes
    1. Mayank Chaturvedi joined
      16 Septfor overseas investments
    2. Dipan Parikh joined
      16 Septfor gold and silver
    3. Sonal Gupta left
      16 Septran it for overseas investments from Dec 2023

    Jan 2026

    1 change
    1. Expense ratio
      13 JanRegular 2.15% → 2.14%Direct 1.22% → 1.05%

    Nov 2025

    1 change
    1. Expense ratio
      11 NovRegular 2.16% → 2.15%Direct 1.23% → 1.22%

    Source.Its filings at NSE, since Sept 2024.

    Fund managers over time(Nov 2022 – now)

    1. Cheenu Gupta
    2. Mahesh Chhabria
    3. Abhishek Gupta
    4. Mohd. Asif Rizwi
    5. Mayank Chaturvedi
    6. Dipan Parikh
    7. Sonal Gupta
    8. Ritesh Jain
    9. Kapil Punjabi
    MainCoSlice2023202420252026
    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.
    9 changesRegularDirectΔ pt
    13 Jan 20262.14%1.05%0.17
    11 Nov 20252.15%1.22%0.01
    9 Aug 20252.16%1.23%0.06
    6 Jun 20252.17%1.29%0.06
    1 Apr 20252.18%1.35%0.41
    10 Feb 20252.18%0.94%0.40
    6 Jan 20252.17%1.34%0.40
    4 Dec 20242.18%0.94%0.40
    16 Sept 20242.17%1.34%–
    Direct plan, 13 Jan 2026
    1.05%
    Regular plan 2.14% · Exit load Exit Load : Nil
    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(16 Sept 2026)

    Objective

    To seek generation of reasonable returns through investments in Debt and Money Market Instruments. The secondary objective of the scheme is to invest in equity and equity related instruments to seek capital appreciation. However, there can be no assurance or guarantee that the investment objective of the scheme would 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

    Asset allocation it may hold% of NAV

    1. Debt Instruments and Money Market Instruments (including cash, money at call and reverse repos)
      Allowed75–90%Holds77.9%
    2. Equities and Equity related instruments
      Allowed10–25%Holds22.1%
    3. Units issued by InvITs
      Allowed0–10%Holds0.0%
    4. Units of Gold and Silver ETFs
      Allowed0–15%
    5. Exchange Traded Commodity Derivatives (ETCDs)
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.22.1% equity · 77.9% debt and cash

    How to invest(16 Sept 2026)

    Buying

    To start
    Rs. 5,000 per application, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Systematic
    SIP - Daily (All Business Days from Monday to Friday), Weekly (Any Day from Monday to Friday), Monthly, Quarterly SWP - Monthly, Quarterly, Half Year, Annual STP - Weekly, Monthly, Quarterly, Fortnightly, Daily (Business Days)
    Dates
    SIP - Daily (Daily SIP will be processed from Monday to Friday. In case of a non-business day falling between Monday to Friday (both days inclusive) then the daily SIP installment for that day will not be processed on the next business day.); Weekly - Any day from Monday to Friday; Other than daily and weekly - Any Date, SWP and STP - Any Dates
    Minimum
    SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000., then in multiples of ₹1
    Instalments
    SIP - Daily 6; Weekly 6; Monthly 6; Quarterly 4 SWP - 12 STP - 6

    Selling and switching

    To redeem
    Rs. 500 in multiples of Re.1 or 50 Units in multiples of 0.01 units units
    Switch minimum
    Rs. 5,000 per application and in multiples of Re. 1 thereafter
    Switch multiples
    ₹1

    Scheme details(16 Sept 2026)

    What it is

    Category
    Conservative Hybrid Fund
    Offer
    22 Jan 2004 to 13 Feb 2004
    Started
    24 Feb 2004
    Reopened
    5 Mar 2004
    Plans
    • Growth – Regular • Growth – Direct • Income Distribution cum Capital Withdrawal Option (IDCW) – Regular • Income Distribution cum Capital Withdrawal Option (IDCW) – Direct – Payout of IDCW – Quarterly & Monthly – Reinvestment IDCW – Quarterly & Monthly
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    Yes
    Custodian
    HDFC Bank Limited
    Auditor
    M/s. Price Waterhouse, Chartered Accountants LLP
    Registrar
    Computer Age Management Services Private Limited
    SEBI code
    HSBC/O/H/CHF/04/01/0006