Best Conservative Hybrid Mutual Funds

These funds majorly invest in debt with a small allocation to equity investments. People who are not much inclined to take risks can happily invest in these funds as they primarily put debt instruments in focus combined with a smaller percentage of equity funds to promote good returns. Returns are taxed as per your income tax slab if sold before three years and have negligible tax (20% with indexation benefit) post that period.

Purpose: Anyone looking for good returns without putting the hard earned money to market risks.

Top 10 Conservative Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
ICICI Prudential Regular Savings FundHybridModerately High4.8%5star1,573
UTI Charitable and Religious TrustsHybridModerately High8.8%4star726
UTI Regular Savings FundHybridModerately High3.5%4star2,520
Aditya Birla Sun Life Regular Savings FundHybridModerately High-1.1%4star2,486
ICICI Prudential MIP HybridModerate6.2%4star359
Reliance Hybrid Bond FundHybridModerately High3.7%4star2,045
Kotak Debt HybridHybridModerate0.3%3star393
BNP Paribas Conservative Hybrid FundHybridModerate4.5%3star341
DSP BlackRock Regular Savings FundHybridModerately High-1.9%3star335
SBI Debt Hybrid FundHybridModerate-0.5%3star1,638
UTI Monthly Income SchemeHybridModerate6.0%3star264
IDFC Regular Saving FundHybridModerately High2.0%3star206
Aditya Birla Sun Life MIP II - Savings 5HybridModerate5.9%3star302
Franklin India Debt Hybrid Fund HybridModerately High1.9%3star435
BOI AXA Conservative Hybrid FundHybridModerate-0.5%3star220
View All Top 10 Conservative Mutual Funds

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

ICICI Prudential Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 9.89% annualized returns in the last 3 years. In the last 1 year, it gave 4.84% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.84% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rajat Chandak, Manish Banthia

Launch Date2 Jan 2013
Min Investment Amt5,000
Groww Rating5star
AUM1,573Cr
1Y Returns4.8%

UTI-MIS Advantage Plan - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 9.4% annualized returns in the last 3 years. In the last 1 year, it gave 8.75% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.75% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: V Srivatsa, Amandeep Chopra

Launch Date8 Jan 2013
Min Investment Amt10,000
Groww Rating4star
AUM726Cr
1Y Returns8.8%

UTI Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 8.62% annualized returns in the last 3 years. In the last 1 year, it gave 3.53% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.53% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Amandeep Chopra, Ajay Tyagi

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM2,520Cr
1Y Returns3.5%

Aditya Birla Sun Life Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 9.72% annualized returns in the last 3 years. In the last 1 year, it gave -1.1% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.1% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Satyabrata Mohanty, Vineet Maloo, Pranay Sinha

Launch Date25 Dec 2012
Min Investment Amt500
Groww Rating4star
AUM2,486Cr
1Y Returns-1.1%

ICICI Prudential Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 8.21% annualized returns in the last 3 years. In the last 1 year, it gave 6.21% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.21% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rajat Chandak, Manish Banthia

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating4star
AUM359Cr
1Y Returns6.2%

Reliance Hybrid Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 8.13% annualized returns in the last 3 years. In the last 1 year, it gave 3.71% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.71% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Amit Tripathi, Sanjay Parekh

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM2,045Cr
1Y Returns3.7%

Kotak Debt Hybrid - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 8.33% annualized returns in the last 3 years. In the last 1 year, it gave 0.35% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.35% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Abhishek Bisen, Devender Singhal

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM393Cr
1Y Returns0.3%

BNP Paribas Conservative Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 9.44% annualized returns in the last 3 years. In the last 1 year, it gave 4.45% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 4.45% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Abhijeet Dey, Karthikraj Lakshmanan, Mayank Prakash

Launch Date1 Jan 2013
Min Investment Amt1,000
Groww Rating3star
AUM341Cr
1Y Returns4.5%

DSP BlackRock Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 6.45% annualized returns in the last 3 years. In the last 1 year, it gave -1.86% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.86% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Kedar Karnik, Vikram Chopra, Mayur Patel

Launch Date1 Jan 2013
Min Investment Amt1,000
Groww Rating3star
AUM335Cr
1Y Returns-1.9%

SBI Debt Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 7.49% annualized returns in the last 3 years. In the last 1 year, it gave -0.52% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.52% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Dinesh Ahuja, Ruchit Mehta

Launch Date6 Jan 2013
Min Investment Amt5,000
Groww Rating3star
AUM1,638Cr
1Y Returns-0.5%

UTI Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 7.99% annualized returns in the last 3 years. In the last 1 year, it gave 5.96% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.96% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: V Srivatsa, Amandeep Chopra

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM264Cr
1Y Returns6.0%

IDFC Regular Saving Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 7.52% annualized returns in the last 3 years. In the last 1 year, it gave 1.99% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.99% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Anurag Mittal, Sumit Agrawal

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM206Cr
1Y Returns2.0%

Aditya Birla Sun Life Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 8.57% annualized returns in the last 3 years. In the last 1 year, it gave 5.92% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.92% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Sunaina da Cunha

Launch Date25 Dec 2012
Min Investment Amt1,000
Groww Rating3star
AUM302Cr
1Y Returns5.9%

Franklin India Debt Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 7.07% annualized returns in the last 3 years. In the last 1 year, it gave 1.91% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.91% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Sachin Padwal-Desai, Umesh Sharma, Srikesh Nair, Lakshmikanth Reddy

Launch Date31 Dec 2012
Min Investment Amt10,000
Groww Rating3star
AUM435Cr
1Y Returns1.9%

BOI AXA Conservative Hybrid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 7.38% annualized returns in the last 3 years. In the last 1 year, it gave -0.45% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.45% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Alok Singh

Launch Date31 Dec 2012
Min Investment Amt2,00,000
Groww Rating3star
AUM220Cr
1Y Returns-0.5%

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Who issues conservative mutual funds?

Asset management companies (or AMCs or fund houses) create mutual funds. All AMCs will have to be approved by the government body, Securities and Exchange Board of India (SEBI). All mutual funds have to be whetted by SEBI before it is open for the public to invest.

How to invest in conservative mutual funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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