HealthyDirect · GrowthFit for a long SIP
Parag Parikh Conservative Hybrid Fund
PPFAS Mutual FundHybrid Scheme - Conservative Hybrid Fund5.4 years
The scheme seeks 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.
- NAV
- 15.8228
- 29 Oct 2026
- 1Y
- +1.5%
- Trailing CAGR
- AUM
- ₹3,481.42 Cr
- 31 Aug 2026
- Volatility
- Low
- 3.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 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 · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
5.4 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.32% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.7%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Tejas Soman · 1.2 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
Pass
Top 10 holdings ≈ 40.3% 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 3%. 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+1.5%
- 3Y+8.6%
- 5Y+8.8%
- 10Yn/a
- SI+8.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+0.2%
- 3Y+5.1%
- 5Y+7.9%
- 10Yn/a
- Since inception
- +8.8%
- Calendar-day CAGR
- Excess 1Y
- +0.6%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +5.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +8.5%
- 591 daily-ending windows
- Median rolling 3Y
- +11.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 105 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.7%
- Worst peak-to-trough
- Current
- -2.5%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +73%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 122 recovered episodes
- Longest recovery
- 77 days
- Trough to prior peak
14 Aug 2026 – open
Trough 28 Oct 2026 · not recovered
-2.7%
6 Apr 2022 – 14 Jul 2022
Trough 17 Jun 2022 · recovered in 27 days
-2.3%
27 Feb 2026 – 15 Jun 2026
Trough 30 Mar 2026 · recovered in 77 days
-2.2%
14 Sept 2022 – 15 Nov 2022
Trough 26 Sept 2022 · recovered in 50 days
-2.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
54
Consistency
97
Risk-adjusted
74
Drawdown
93
Mean
84
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
- The fund beat the category median in 100% of rolling 3-year windows.
- 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
31 Aug 2026 · 80 holdings · top 10 are 40.3%.
- Top 5
- 24.7%
- Top 10
- 40.3%
- Largest holding
- 5.6%
- Effective holdings
- 39.1
STATE DEVELOPMENT LOAN 36976 TN 21JN32 7.21 FV RS 100
Unspecified
5.6%
Brookfield India Real Estate Trust REIT
Real Estate
5.1%
Embassy Office Parks REIT
Real Estate
5.0%
Repo
Unspecified
4.8%
STATE DEVELOPMENT LOAN 30045 UP 17FB31 7.08 FV RS 100
Unspecified
4.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.