Conservative Hyrbid · Hybrid

Parag Parikh Conservative Hybrid Fund

PPFAS Asset Management Pvt. Ltd.

Benchmark

CRISIL Hybrid 85+15 - Conservative Index

Riskometer

Moderately High

Size

₹3,428 cr

Allotted

26 May 2021

Holdings as of

30 Sep 2026

Parag Parikh Conservative Hybrid Fund is a conservative hyrbid fund of PPFAS Asset Management Pvt. Ltd. with ₹3,428 cr under management. It is ahead of its benchmark (CRISIL Hybrid 85+15 - Conservative Index) in 3 of 3 periods. Its direct plan charges 0.32% a year. Rajeev Thakkar has managed it for 5.4 years.

Has Parag Parikh Conservative Hybrid Fund beaten its benchmark?

Ahead of its benchmark, CRISIL Hybrid 85+15 - Conservative Index, in 3 of 3 periods in AMFI's figures; +2.89% over the last year against +1.42%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−0.99%	−3.60%	—
3 months	−0.86%	−5.03%	—
6 months	+0.92%	−1.83%	—
1 year	+3.00%	−4.06%	+7.06 pts
3 years	+8.89%	+9.27%	−0.38 pts
5 years	+8.74%	+8.00%	+0.74 pts
10 years	—	+12.69%	—
Since start from 28 May 2021	+9.07%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (CRISIL Hybrid 85+15 - Conservative Index) in 3 of 3 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+2.89%	+2.56%	+1.42%	+1.47	🔒
3y	+8.86%	+8.53%	+6.98%	+1.88	🔒
5y	+8.75%	+8.42%	+6.05%	+2.70	🔒
10y	—	—	—	—	—

Ahead in points a year · its rank among Conservative Hyrbid funds, and how steady the lead is, in the app

Value of 100, month-end

May 2021 to 14 Oct 2026

Fund 159Nifty 500 TRI 176

₹100 put in at the start of May 2021 would be ₹159 on 14 Oct 2026, against ₹176 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Parag Parikh Conservative Hybrid Fund cost?

0.32% a year on the direct plan, 0.67% on the regular plan; 0 of 18 funds in its category charge less.

Direct plan

0.32% a year

Category median 0.99%

Regular plan

0.67% a year

Category median 1.83%

Gap

0.35 points

for the same holdings

0 of 18 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Scheme - Conservative Hybrid Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Parag Parikh Conservative Hybrid Fund?

Rajeev Thakkar, since 26 May 2021; Raunak Onkar, since 26 May 2021; Rukun Tarachandani, since 26 May 2021.

Rajeev Thakkar

5.4 years

since 26 May 2021

Raunak Onkar

5.4 years

since 26 May 2021

Rukun Tarachandani

5.4 years

since 26 May 2021

And 3 more; every manager, the other funds each runs and the changes over time are in the app.

Benchmark as filedCRISIL Hybrid 85+15-Conservative Index TRI

Exit load

In respect of each purchase / switch-in of Units, 10% of the units (“the limit”) may be redeemed without any exit load from the date of allotment. Any redemption or switch-out in excess of the limit shall be subject to the following exit load: - Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units. - No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment

From 21 Scheme Summary Documents filed with NSE, first on 23 Apr 2026; as on 8 Sep 2026

What does Parag Parikh Conservative Hybrid Fund hold?

80 holdings as of 30 Sep 2026; the ten largest are 38.1% of the fund, the largest 7.21% Tamilnadu SDL (MD 21/01/2032) at 5.5%.

Mix

Holdings as of 30 Sep 2026

Equity83.7%Debt0.4%Cash2.5%Other13.4%

Holdings

72 shares

Top ten

38.1%

of the fund

Effective holdings

38.1

spread, as if equal-weighted

Matched to our table

12%

of the equity

Five largest

% of fund

7.21% Tamilnadu SDL (MD 21/01/2032)5.55%

7.08% Uttar Pradesh SDL (MD 17/02/2031)4.27%

7.08% Karnataka SDL (MD 12/08/2031)3.99%

7.72% Maharashtra SDL (MD 01/03/2031)3.66%

7.72% Maharashtra SDL (MD 23/03/2032)2.91%

Five largest industries

% of fund

Sovereign62.5%

CRISIL AAA23.2%

ICRA AAA2.60%

Gas2.50%

Consumable Fuels2.50%

How does Parag Parikh Conservative Hybrid Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Parag Parikh Conservative Hybrid Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 50: 96% of it differs from the index (an active fund is usually above 60%).

Active share 95.5%60%

Funds that hold much the same

% of holdings in common

Parag Parikh Dynamic Asset Allocation Fund59.6% the same

42 shared holdings

Mirae Asset BSE 500 Dividend Leaders 50 ETF10.3% the same

5 shared holdings

Invesco India Corporate Bond Fund9.4% the same

9 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Parag Parikh Conservative Hybrid Fund?

Rajeev Thakkar (manager) since 26 May 2021; Raunak Onkar (manager) since 26 May 2021; Rukun Tarachandani (manager) since 26 May 2021; Raj Mehta (manager) since 26 May 2021; Tejas Soman (manager) since 26 May 2021; Mansi Kariya (manager) since 26 May 2021.

What is the expense ratio of Parag Parikh Conservative Hybrid Fund?

0.32% a year on the direct plan and 0.67% on the regular plan (expense report, Oct 2026).

How has Parag Parikh Conservative Hybrid Fund done?

Its direct plan returned +8.86% a year over 3 years against +6.98% for its benchmark, CRISIL Hybrid 85+15 - Conservative Index, as of 13 Oct 2026.