Fundalysisby DARKHORSESTOCKS

Scheme

Parag Parikh Conservative Hybrid Fund

Holds 10 companies worth ₹768 Cr in Sept 2026.

  • Fund house

    PPFASThe fund house that runs this scheme.

  • AUM

    ₹3,454 CrParag Parikh Conservative Hybrid Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 0.8% on Aug 2026, ₹3,481 Cr.

  • Largest holding

    Brookfield India Real Estate TrustBrookfield India Real Estate Trust is 5.1% of this scheme's NAV.

  • Fund manager

    Raj MehtaRuns it since 26 May 2021, as the fund house dates it. With Rajeev Thakkar (fund manager), Raunak Onkar (fund manager), Rukun Tarachandani (fund manager), Mansi Kariya (fund manager), Tejas Soman (fund manager).

Overview(8 Sept 2026)

Fund managers6

  1. Raj MehtaFund manager, equity · May 2021 · 13y · CA CFA M.Com B.Com
  2. Rajeev ThakkarFund manager · May 2021 · 25y · CA CFA CMA B.Com
  3. Raunak OnkarFund manager · May 2021 · 14y · MMS
  4. Rukun TarachandaniFund manager, equity · May 2022 · 11y · CFA B.Tech
  5. Mansi KariyaFund manager, debt · Dec 2023 · 18y · CFA B.Com
  6. Tejas SomanFund manager, debt · Sept 2025 · 13y

    Key facts

    Benchmark
    CRISIL Hybrid 85+15-Conservative Index TRI
    Risk
    Moderately High
    Expense
    Regular 0.67% · Direct 0.32%
    Exit load
    1% within 1 year
    Started
    26 May 2021
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 8 Sept 2026 at AMFI.

    What changed(19 changes)

    Sept 2026

    1 change
    1. Expense ratio
      8 SeptRegular 0.66% → 0.67%Direct 0.31% → 0.32%

    Aug 2026

    1 change
    1. Expense ratio
      3 AugRegular 0.63% → 0.66%Direct 0.28% → 0.31%

    Jun 2026

    1 change
    1. Expense ratio
      21 JunRegular 0.62% → 0.63%

    Source.Its filings at NSE, since Nov 2024.

    Fund managers over time(May 2021 – now)

    1. Raj Mehta
    2. Rajeev Thakkar
    3. Raunak Onkar
    4. Rukun Tarachandani
    5. Mansi Kariya
    6. Tejas Soman
    MainCoSlice20222023202420252026
    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(Nov 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    19 changesRegularDirectΔ pt
    8 Sept 20260.67%0.32%0.01
    3 Aug 20260.66%0.31%0.03
    21 Jun 20260.63%0.28%0
    24 May 20260.62%0.28%0.08
    21 May 20260.70%0.36%0.06
    17 May 20260.64%0.30%0.02
    11 May 20260.62%0.28%0.10
    7 May 20260.72%0.38%0.09
    6 May 20260.63%0.29%0.01
    3 May 20260.62%0.28%0.27
    28 Apr 20260.89%0.55%0.18
    27 Apr 20260.71%0.37%0.09
    26 Apr 20260.62%0.28%0.21
    23 Apr 20260.83%0.49%0.02
    8 Apr 20260.85%0.51%0.23
    5 Apr 20260.62%0.28%0.06
    2 Apr 20250.64%0.34%0.01
    14 Jan 20250.65%0.35%0.01
    4 Nov 20240.64%0.34%–
    Direct plan, 8 Sept 2026
    0.32%
    Regular plan 0.67% · 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(8 Sept 2026)

    Objective

    To generate regular income through investments predominantly in debt and money market instruments. The Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the scheme. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

    Risk, type and benchmark

    Riskometer
    Moderately High
    At launch
    Moderately High
    Type
    An open-ended hybrid scheme investing predominantly in debt instruments
    Benchmark
    CRISIL Hybrid 85+15-Conservative Index TRI

    Asset allocation it may hold% of NAV

    1. Debt securities (including securitized debt), & Money Market instruments
      Allowed75–90%Holds77.8%
    2. Equities & Equity related instruments Including REITs
      Allowed10–25%
    3. Units issued by InvITs
      Allowed0–10%Holds0.0%
    4. Gold and Silver ETFs, ETCDs
      Allowed0–15%

    Holds in Sept 2026.22.2% equity · 77.8% debt and cash

    How to invest(8 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Systematic
    SIP - Monthly/Quarterly, SWP - Monthly, STP -Daily/Weekly/Fortnightly/Monthly/Quarterly
    Dates
    SIP - Any date within Month or Quarter (up to a maximum of 6 dates per application); SWP - 1st, 5th,10th, 15th, 20th and 25th under Monthly frequency; STP - Any date/day (Please refer Scheme Information Document of the scheme for more details)
    Minimum
    SIP - Monthly: 1000/Quarterly : 3000, SWP - Monthly : 1000, STP -Daily/Weekly/Monthly: 1000 Fortnightly:1500 /Quarterly : 3000, then sIP - 1, SWP - 1, STP - 1
    Instalments
    SIP - Monthly - 6; Quarterly - 4, SWP - Monthly - 12, STP - Daily/ Weekly/Monthly-6; Fortnightly / Quarterly - 4

    Selling and switching

    To redeem
    Rs. 1000 or account balance whichever is lower in respect of each option. or 1 Unit units
    Switch minimum
    Minimum Switch in - Rs. 5000 and in multiples of Re. 1 thereafter Minimum Switch Out -Rs. 1000 or account balance whichever is lower in respect of each option. or Minimum Switch in: Nil (No such requirement for switch in unit as per Scheme Information Document (SID) of the scheme) Minimum Switch out :1 Unit units
    Switch multiples
    ₹1

    Scheme details(8 Sept 2026)

    What it is

    Category
    Conservative Hybrid Fund
    Offer
    7 May 2021 to 21 May 2021
    Started
    26 May 2021
    Reopened
    28 May 2021
    Plans
    Regular Plan - Growth Option · Direct Plan - Growth Option · Regular Plan - Monthly Payout of IDCW Option · Direct Plan-Monthly of Payout IDCW Option · Regular Plan - Monthly Reinvestment of IDCW Option · Direct Plan - Monthly Reinvestment of IDCW Option.
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank AG
    Auditor
    M. M Nissim & Co. LLP (Statutory Auditor)
    Registrar
    Computer Age Management Services Limited (CAMS)
    SEBI code
    PPFA/O/H /CHF/21/04/0004