Axis Conservative Hybrid Fund vs HDFC Conservative Hybrid Fund
Axis Conservative Hybrid Fund and HDFC Conservative Hybrid Fund are both Conservative Hybrid funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +7.17% vs +7.72%, 5-year CAGR +6.04% vs +7.69%, volatility 4.44% vs 4.65%, maximum drawdown −9.38% vs −12.08%. Their portfolios overlap by 16.3% (24 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Compared as | Conservative Hybrid | Conservative Hybrid |
| NAV | ₹36.3456 | ₹90.1908 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 7 Jan 2013 | 1 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹217 Cr | ₹3,108 Cr |
| Securities held | 48 | 109 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| 1 month | +1.94% | +1.86% |
| 3 months | −0.29% | −0.19% |
| 6 months | +1.89% | +1.76% |
| 1 year | +1.87% | +1.91% |
| 3 years (CAGR) | +7.17% | +7.72% |
| 5 years (CAGR) | +6.04% | +7.69% |
| 7 years (CAGR) | +8.07% | +9.18% |
| 10 years (CAGR) | +7.44% | +8.34% |
| Since launch (CAGR) | +8.49% | +9.26% |
| SIP return (XIRR, 5 years) ⓘ | +6.17% | +7.06% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| 2026 (year to date) | +0.98% | +1.20% |
| 2025 | +8.03% | +6.15% |
| 2024 | +8.89% | +11.07% |
| 2023 | +9.91% | +14.48% |
| 2022 | +1.86% | +6.49% |
| 2021 | +11.91% | +13.84% |
Risk
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| Volatility (annualised) ⓘ | 4.44% | 4.65% |
| Downside volatility ⓘ | 3.25% | 3.36% |
| Sharpe ratio ⓘ | 0.15 | 0.27 |
| Sortino ratio ⓘ | 0.21 | 0.37 |
| Maximum drawdown ⓘ | −9.38% | −12.08% |
| Recovery from that fall | 3 months | 5 months |
| Current fall from peak | −0.35% | −0.31% |
| Rolling 1-year return: worst | −6.00% | −6.17% |
| Rolling 1-year return: median | +8.66% | +8.98% |
| Rolling 1-year return: best | +26.30% | +30.06% |
| Share of 1-year periods with a loss | 3.54% | 6.41% |
Against each fund's benchmark
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| Beta ⓘ | — | — |
| Alpha (Jensen's, annualised) ⓘ | — | — |
| R² ⓘ | — | — |
| Upside capture | — | — |
| Downside capture | — | — |
| Tracking error | — | — |
| Information ratio | — | — |
| Treynor ratio | — | — |
Portfolio
Asset mix
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| Debt | 74.44% | 76.11% |
| Equity | 17.95% | 18.76% |
| Cash & equivalents | 7.03% | 3.99% |
| AIF Units | 0.60% | 0.33% |
| REITs / InvITs | 0.00% | 0.81% |
Market-cap split (share of fund assets)
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| Large Cap | 17.92% | 16.26% |
| Mid Cap | 0.03% | 1.63% |
| Small Cap | 0.00% | 0.87% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| Top 10 holdings | 63.59% | 24.95% |
| Effective number of stocks ⓘ | 14.4 | 74 |
| Securities held | 48 | 109 |
Portfolio overlap: 16.3%
24 companies are held by both funds; by weight, 16.3% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Axis Conservative Hybrid | HDFC Conservative Hybrid |
|---|---|---|
| Muthoot Finance Ltd. | 2.30% | 1.61% |
| ICICI Bank Limited | 1.59% | 2.13% |
| HDFC Bank Limited | 1.51% | 1.60% |
| 7.23% GOI MAT 150439 | 1.38% | 3.21% |
| 7.1% Government of India (08/04/2034) | 2.30% | 1.12% |
| Reliance Industries Limited | 1.76% | 0.95% |
| 6.79% Government of India (07/10/2034) | 11.70% | 0.94% |
| State Bank of India | 0.84% | 1.39% |
| Kotak Mahindra Bank Limited | 0.90% | 0.81% |
| 7.44% National Bank For Agriculture and Rural Development (17/07/2029) | 2.28% | 0.80% |
| Bharti Airtel Limited | 0.84% | 0.68% |
| NTPC Limited | 0.91% | 0.62% |
| Larsen & Toubro Limited | 0.55% | 0.85% |
| Infosys Limited | 1.12% | 0.52% |
| 7.18% Government of India (14/08/2033) | 15.71% | 0.48% |
Top 10 holdings
Axis Conservative Hybrid
- 7.18% Government of India (14/08/2033)15.71%
- 6.94% Government of India (11/05/2036)13.59%
- 6.79% Government of India (07/10/2034)11.70%
- Power Finance Corporation Ltd.6.82%
- 7.18% Government of India (24/07/2037)4.13%
- 5% GMR Airports Limited (13/02/2027)2.45%
- Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028)2.31%
- 7.1% Government of India (08/04/2034)2.30%
- Muthoot Finance Ltd.2.30%
- 9.01% Hiranandani Financial Services Private Limited (30/03/2029)2.28%
HDFC Conservative Hybrid
- 7.23% GOI MAT 1504393.21%
- 7.09% Government of India (05/08/2054)3.01%
- 7.34% GOI MAT 2204642.91%
- Indian Railways Finance Corp. Ltd.2.61%
- Government Securities2.48%
- Torrent Power Ltd.2.40%
- 7.3% GOI (MD 19/06/2053)2.32%
- Government Securities2.16%
- ICICI Bank Limited2.13%
- Altius Telecom Infrastructure Trust1.72%
Sector exposure
| Axis Conservative Hybrid | HDFC Conservative Hybrid | |
|---|---|---|
| Sovereign | 48.90% | 25.38% |
| CRISIL AAA | 9.10% | 15.41% |
| CRISIL - AAA | 0.00% | 14.90% |
| Banks | 5.17% | 7.50% |
| CRISIL AA+ | 4.57% | 4.78% |
| CARE AA | 3.29% | 0.00% |
| SOV | 0.00% | 2.48% |
| CRISIL A+ | 2.45% | 0.00% |
| CRISIL - AA+ | 0.00% | 2.40% |
| CARE - AAA | 0.00% | 2.33% |
| ICRA A+(CE) | 2.31% | 0.00% |
| CARE A+ | 2.28% | 0.00% |
| IT - Software | 2.11% | 1.55% |
| Pharmaceuticals & Biotechnology | 1.92% | 1.47% |
Questions people ask
What is the difference between Axis Conservative Hybrid and HDFC Conservative Hybrid returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +1.87% vs +1.91%; 3-year CAGR +7.17% vs +7.72%; 5-year CAGR +6.04% vs +7.69%; 10-year CAGR +7.44% vs +8.34%. Past returns do not indicate future returns.
How do Axis Conservative Hybrid and HDFC Conservative Hybrid compare on risk?
Volatility (36 monthly returns, annualised) 4.44% vs 4.65%; Sharpe ratio 0.15 vs 0.27; Sortino ratio 0.21 vs 0.37; maximum drawdown −9.38% vs −12.08%; beta — vs —.
How much do Axis Conservative Hybrid and HDFC Conservative Hybrid overlap?
By weight, 16.3% of the two portfolios is invested in the same companies; 24 stocks are held by both, the largest shared positions being Muthoot Finance Ltd., ICICI Bank Limited, HDFC Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Conservative Hybrid and HDFC Conservative Hybrid?
Axis Conservative Hybrid: large cap 17.9%, mid cap 0.0%, small cap 0.0%. HDFC Conservative Hybrid: large cap 16.3%, mid cap 1.6%, small cap 0.9% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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HDFC Conservative Hybrid vs
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All Conservative Hybrid comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.