HealthyDirect · GrowthFit for a long SIP
DSP Conservative Hybrid Fund
DSP Mutual FundHybrid Schemes - Conservative Hybrid Fund13.8 years
The scheme seeks to generate attractive return, consistent with prudent risk, from a portfolio comprising substantially of quality debt securities. It also aims to generate capital appreciation by investing up to 10 per cent its corpus in equity of 100 largest corporates by market capitalization, listed in India.
- NAV
- 68.3424
- 30 Oct 2026
- 1Y
- +1.8%
- Trailing CAGR
- AUM
- ₹175.3 Cr
- 30 Sept 2026
- Volatility
- Low
- 4.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.64% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -12.0%. Ask whether you can hold through a similar fall.
Vs category
Fail
15% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Shantanu Godambe · 2.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 62.1% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 12%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+1.8%
- 3Y+8.2%
- 5Y+7.4%
- 10Y+7.1%
- SI+8.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+1.2%
- 3Y+5.1%
- 5Y+7.2%
- 10Y+7.7%
- Since inception
- +8.2%
- Calendar-day CAGR
- Excess 1Y
- +1.4%
- Category median, same plan and option
- 3Y win rate
- +15%
- Windows beating the median
- 3Y percentile
- 60
- Vs comparable share classes
- SIP 3Y XIRR
- +5.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +0.7%
- 2624 daily-ending windows
- Median rolling 3Y
- +8.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2138 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -12.0%
- Worst peak-to-trough
- Current
- -1.7%
- Below last peak
- Current spell
- 81 days
- Days below latest peak
- Time below peak
- +77%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 265 recovered episodes
- Longest recovery
- 349 days
- Trough to prior peak
13 Feb 2020 – 17 Jul 2020
Trough 23 Mar 2020 · recovered in 116 days
-12.0%
27 Aug 2018 – 23 Sept 2019
Trough 9 Oct 2018 · recovered in 349 days
-7.5%
20 May 2013 – 11 Oct 2013
Trough 28 Aug 2013 · recovered in 44 days
-5.1%
1 Jan 2016 – 12 Apr 2016
Trough 25 Feb 2016 · recovered in 47 days
-4.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
60
Vs category
59
Consistency
25
Risk-adjusted
52
Drawdown
70
Mean
53
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 51 holdings · top 10 are 62.1%.
- Top 5
- 40.6%
- Top 10
- 62.1%
- Largest holding
- 11.9%
- Effective holdings
- 19.1
GOVERNMENT OF INDIA 33618 GOI 13NV30 7.32 FV RS 100
Entities
11.9%
CENTRAL GOVERNMENT LOAN 23277 GOI 22SP33 FLT FV RS 100
Entities
8.9%
STATE DEVELOPMENT LOAN 36123 MH 25JU38 7.03 FV RS 100
Unspecified
8.2%
GOVERNMENT OF INDIA 32829 GOI 10AP28 7.06 FV RS 100
Entities
5.9%
GOVERNMENT OF INDIA 36574 GOI 06OT35 6.48 FV RS 100
Entities
5.6%
What changed
DECISION
Status moved from HEALTHY to MONITOR.
15 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ICICI Prudential Conservative Hybrid Fund
ICICI Prudential Mutual Fund
- 1Y
- +0.9%
- 3Y
- +8.5%
- Vol
- 4.2%
- Max DD
- -8.8%
- Sharpe
- 0.98
- 3Y win
- +86%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
BARODA BNP PARIBAS CONSERVATIVE HYBRID FUND
Baroda BNP Paribas Mutual Fund
- 1Y
- +2.5%
- 3Y
- +8.2%
- Vol
- 3.6%
- Max DD
- -4.5%
- Sharpe
- 0.57
- 3Y win
- +27%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Kotak Conservative Hybrid Fund
Kotak Mahindra Mutual Fund
- 1Y
- -0.1%
- 3Y
- +8.3%
- Vol
- 4.8%
- Max DD
- -11.8%
- Sharpe
- 0.87
- 3Y win
- +95%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Axis Conservative Hybrid Fund
Axis Mutual Fund
- 1Y
- -0.4%
- 3Y
- +6.5%
- Vol
- 4.3%
- Max DD
- -9.4%
- Sharpe
- 0.58
- 3Y win
- +19%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Canara Robeco Conservative Hybrid Fund
Canara Robeco Mutual Fund
- 1Y
- +0.6%
- 3Y
- +7.5%
- Vol
- 4.3%
- Max DD
- -10.2%
- Sharpe
- 0.77
- 3Y win
- +38%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns