Fund Tracker India by Ishaan Dungarwal
Guide
Fund categoriesHybridSep 2026

Conservative hybrid funds: what they hold and bought

SEBI's rule: 10 % to 25 % in equity, 75 % to 90 % in debt. Source: SEBI categorisation circular, 6 Oct 2017, as amended

17 conservative hybrid funds from 17 fund houses filed a portfolio for Sep 2026. Here is what most of them hold, and what they added and cut.

Category as AMFI lists it; the two AMFI spellings of a category are one page. Counted over open-ended schemes with an equity portfolio for the month, share counts from each fund house's monthly file. Value added or cut = change in shares × the month's value per share in that file, never a change in price.

Schemes17portfolio filed for Sep 2026, of 17
Fund houses17running one
Stocks held284listed on NSE, any scheme

Stocks most conservative hybrid funds hold, Sep 2026

Ranked by how many schemes in the category hold the stock; the average is its % of net assets in the schemes holding it.

schemes holding · average weight
  1. HDFCBANK HDFC Bank Ltd.
    15 of 17 · 1.47%
  2. ICICIBANK ICICI Bank Ltd.
    15 of 17 · 1.46%
  3. AXISBANK Axis Bank Ltd.
    12 of 17 · 0.81%
  4. INFY Infosys Ltd.
    12 of 17 · 0.48%
  5. RELIANCE Reliance Industries Ltd.
    11 of 17 · 0.92%
  6. BHARTIARTL Bharti Airtel Ltd.
    10 of 17 · 0.95%
  7. M&M Mahindra & Mahindra Ltd.
    10 of 17 · 0.62%
  8. LT Larsen & Toubro Ltd.
    10 of 17 · 0.58%
  9. SBIN State Bank of India
    9 of 17 · 0.93%
  10. KOTAKBANK Kotak Mahindra Bank Ltd.
    9 of 17 · 0.68%
  11. NTPC NTPC Ltd.
    9 of 17 · 0.57%
  12. ITC ITC Ltd.
    8 of 17 · 0.68%
  13. SUNPHARMA Sun Pharmaceutical Industries Ltd.
    8 of 17 · 0.50%
  14. CHOLAFIN Cholamandalam Investment & Finance Co. Ltd.
    7 of 17 · 0.68%
  15. MARUTI Maruti Suzuki India Ltd.
    7 of 17 · 0.58%
  16. CIPLA Cipla Ltd.
    7 of 17 · 0.53%
  17. TECHM Tech Mahindra Ltd.
    7 of 17 · 0.52%
  18. SBILIFE SBI Life Insurance Co. Ltd.
    6 of 17 · 0.57%
  19. BRITANNIA Britannia Industries Ltd.
    6 of 17 · 0.51%
  20. HDFCLIFE HDFC Life Insurance Company Ltd.
    6 of 17 · 0.51%

Most bought, Sep 2026

value of shares added · schemes adding
  1. SBILIFE SBI Life Insurance Co. Ltd. · 2
    +₹18.6 cr
  2. PARADEEP Paradeep Phosphates Ltd. · 1
    +₹17.0 cr
  3. HINDUNILVR Hindustan Unilever Ltd. · 1, 1 new
    +₹13.2 cr
  4. KANSAINER Kansai Nerolac Paints Ltd. · 1
    +₹9.8 cr
  5. HDFCBANK HDFC Bank Ltd. · 1
    +₹7.5 cr
  6. PAYTM One 97 Communications Ltd. · 1, 1 new
    +₹6.7 cr
  7. ELEVATE Elevate Campuses Limited · 1, 1 new
    +₹6.5 cr
  8. PFC Power Finance Corporation Ltd. · 1
    +₹6.5 cr
  9. PGEL PG Electroplast Limited · 1, 1 new
    +₹6.3 cr
  10. POWERGRID Power Grid Corporation of India Ltd. · 1
    +₹4.6 cr

Most sold, Sep 2026

value of shares cut · schemes cutting
  1. GRAPHITE Graphite India Ltd. · 1, 1 sold out
    −₹39.3 cr
  2. AETHER Aether Industries Ltd. · 1, 1 sold out
    −₹26.2 cr
  3. KISSHT OnEMI Technology Solutions Limited · 1, 1 sold out
    −₹8.0 cr
  4. MPHASIS Mphasis Ltd. · 2, 1 sold out
    −₹6.5 cr
  5. PVRINOX PVR Inox Ltd. · 2
    −₹6.5 cr
  6. ITC ITC Ltd. · 1, 1 sold out
    −₹6.2 cr
  7. FEDERALBNK The Federal Bank Ltd. · 1, 1 sold out
    −₹4.3 cr
  8. NTPC NTPC Ltd. · 1
    −₹4.2 cr
  9. HAL Hindustan Aeronautics Ltd. · 2, 2 sold out
    −₹3.7 cr
  10. APLAPOLLO APL Apollo Tubes Ltd. · 1, 1 sold out
    −₹3.6 cr

Conservative hybrid schemes (17)

largest AUM first
SchemeFund houseAUM1-year return
SBI CONSERVATIVE HYBRID FUNDSBI Mutual Fund₹10,195 cr+3.8%
Parag Parikh Conservative Hybrid FundPPFAS Mutual Fund₹3,475 cr+3.6%
ICICI Prudential Conservative Hybrid FundICICI Prudential Mutual Fund₹3,339 cr+3.7%
HDFC Conservative Hybrid FundHDFC Mutual Fund₹3,217 cr+2.3%
Kotak Conservative Hybrid FundKotak Mahindra Mutual Fund₹2,839 cr+2.9%
UTI Conservative Hybrid FundUTI Mutual Fund₹1,651 cr+1.6%
Aditya Birla Sun Life Conservative Hybrid FundAditya Birla Sun Life Mutual Fund₹1,497 cr+3.9%
Nippon India Conservative Hybrid Fund (Existing number of Segregated Portfolios - 1)Nippon India Mutual Fund₹979 cr+6.3%
BARODA BNP PARIBAS CONSERVATIVE HYBRID FUNDBaroda BNP Paribas Mutual Fund₹944 cr+4.5%
Canara Robeco Conservative Hybrid FundCanara Robeco Mutual Fund₹855 cr+3.5%
Axis Conservative Hybrid FundAxis Mutual Fund₹220 cr+2.2%
Franklin India Conservative Hybrid FundFranklin Templeton Mutual Fund₹203 cr+2.2%
DSP Conservative Hybrid FundDSP Mutual Fund₹178 cr+4.0%
HSBC Conservative Hybrid FundHSBC Mutual Fund₹154 cr+3.0%
BANDHAN CONSERVATIVE HYBRID FUNDBandhan Mutual Fund₹91.1 cr+4.4%
LIC MF Conservative Hybrid FundLIC Mutual Fund₹46.7 cr+2.2%
Sundaram Conservative Hybrid Fund (Formerly Known as Sundaram Debt Oriented Hybrid Fund)Sundaram Mutual Fund₹18.8 cr+0.4%

AUM = AMFI's latest average AUM for the scheme; 1-year return = change in NAV over the year, as on each scheme page. Filter and compare every scheme

Questions about conservative hybrid funds

from the figures on this page

Which stocks do conservative hybrid funds hold the most?

In Sep 2026, 15 of the 17 conservative hybrid funds with a portfolio held HDFC Bank Ltd.. The five held by the most schemes: HDFC Bank Ltd. (HDFCBANK), ICICI Bank Ltd. (ICICIBANK), Axis Bank Ltd. (AXISBANK), Infosys Ltd. (INFY), Reliance Industries Ltd. (RELIANCE). Funds holding HDFCBANK

What did conservative hybrid funds buy and sell in Sep 2026?

Most bought by value of shares added: SBI Life Insurance Co. Ltd. (SBILIFE), Paradeep Phosphates Ltd. (PARADEEP), Hindustan Unilever Ltd. (HINDUNILVR). Most sold: Graphite India Ltd. (GRAPHITE), Aether Industries Ltd. (AETHER), OnEMI Technology Solutions (KISSHT). All stocks bought and sold by mutual funds, Sep 2026

How many conservative hybrid funds are there?

AMFI lists 17 open-ended conservative hybrid funds; 17 from 17 fund houses filed an equity portfolio for Sep 2026. Filter every scheme

Other fund categories

Aggressive hybrid Arbitrage Balanced advantage or dynamic asset allocation Balanced hybrid Children's Contra Dividend yield ELSS (tax saver) Equity savings Flexi cap Focused Large & mid cap Large cap Life cycle Mid cap Multi asset allocation Multi cap Retirement Sectoral or thematic Small cap Value