Parag Parikh Conservative Hybrid Fund leads conservative hybrid mutual funds in three-year CAGR returns; delivers 10.7% gain
Parag Parikh Conservative Hybrid Fund delivered 10.7% CAGR returns over three years and 5.4% CAGR over the last one year, according to ACE MF data on July 7.
Moneycontrol Desk
July 20, 2026 / 14:57 IST
Among conservative hybrid mutual funds that meet the screen used for this ranking, Parag Parikh Conservative Hybrid Fund is at the top on three-year CAGR returns. The fund delivered 10.7 percent, ahead of ICICI Pru Savings Fund at 9.2 percent and SBI Conservative Hybrid Fund at 8.9 percent, according to ACE MF data on July 7.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this criterion, SBI Conservative Hybrid Fund has the largest corpus at Rs 10,144.7 crore.
The benchmark comparison is also important. Parag Parikh Conservative Hybrid Fund was ahead of its benchmark by 3.6 percentage points on a three-year basis, with the benchmark returning 7.1%. It was also ahead of its benchmark by 2.8 percentage points on a one-year basis, with the benchmark returning 2.6%.
The leadership shifts in the one-month comparison, where UTI Conservative Hybrid Fund tops the list with 2.7 percent.
The three-month ranking gives a different reading. SBI Conservative Hybrid Fund is ahead on this measure with a return of 4.9 percent.
The one-year return table also has Parag Parikh Conservative Hybrid Fund in front, with the fund delivering 5.4 percent.
The variation across return windows shows why rankings can look different depending on the period being considered. A short-term leader may not always be the same as the fund that has done well over a longer horizon.
Table: Top 5 conservative hybrid funds by three-year CAGR return
| Fund name | 3-year return (%) | AUM (Rs crore) | 1-month return (%) | 3-month return (%) | 6-month return (%) | 1-year return (%) |
|---|---|---|---|---|---|---|
| Parag Parikh Conservative Hybrid Fund | 10.7 | 3,418.9 | 2.4 | 3.3 | 3.1 | 5.4 |
| ICICI Pru Savings Fund | 9.2 | 3,347.8 | 2.1 | 4.0 | 1.7 | 4.7 |
| SBI Conservative Hybrid Fund | 8.9 | 10,144.7 | 1.7 | 4.9 | 2.7 | 4.9 |
| UTI Conservative Hybrid Fund | 8.4 | 1,660.7 | 2.7 | 4.6 | 0.8 | 1.8 |
| Kotak Debt Hybrid Fund | 8.3 | 2,882.2 | 2.6 | 4.0 | 0.7 | 2.2 |
Note: The ranking considers only schemes with minimum assets under management of Rs 1,500 crore. Returns and AUM are according to ACE MF data on July 7. One-year and three-year returns are CAGR; one-month, three-month and six-month returns are absolute returns. AUM is in Rs crore.
What is a conservative hybrid fund?
Conservative hybrid funds usually hold a larger debt allocation and a smaller equity component. Their returns are influenced by debt-market conditions and limited equity exposure.