ACE Mutual Fund data published on August 3 shows the SBI Conservative Hybrid Fund as the top performer in the conservative hybrid category for the past year. The fund recorded a compound annual growth rate (CAGR) of 5.8% over the 12‑month period. Only schemes with assets under management above ₹1,500 crore were considered in the ranking.
SBI Conservative Hybrid Fund also beats its benchmark by 3.6 percentage points on a one‑year basis, while the benchmark returned 2.2%. Over three years, the fund outperformed its benchmark by 1.8 points, with the benchmark achieving 6.8%.
Following SBI, the Parag Parikh Conservative Hybrid Fund delivered a 5.4% one‑year CAGR. It ranks second among the top five funds that meet the asset threshold. Its performance is slightly lower than SBI but still robust compared to peers.
The ICICI Pru Savings Fund sits third with a 5.1% one‑year CAGR. It is the best performer in the one‑month window, posting a 0.5% return, and leads the three‑month comparison with a 2.9% gain. In the three‑year view, Parag Parikh tops the list with a 10.5% return.
These variations highlight how short‑term leaders can differ from long‑term performers. Investors should look at multiple time frames before making a decision, as a fund that shines over a month may lag over several years.
Conservative hybrid funds typically allocate a larger portion to debt and a smaller portion to equity. Their returns are influenced by debt‑market conditions and the limited exposure to equities. Among the top five, SBI Conservative Hybrid Fund holds the largest corpus at ₹10,144.7 crore.