UTI Conservative Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
UTI Conservative Hybrid Fund Direct Growth Plan is at ₹76.8421 as of 09 September 2026, with scheme AUM of ₹1,646 Cr. Its 1-year, 3-year and 5-year returns are 2.52%, 7.84% and 7.79%, and the scheme sits in the Medium Risk category. Our view is that it has delivered a steadier long-term profile than a fast-moving growth fund, but the recent 1-year reading is still modest, so the fund looks better suited to investors who want hybrid-style balance rather than strong short-term momentum.
The portfolio is debt-heavy at the individual holding level, with a large share in government securities, corporate debt and cash-like positions. That mix can support relative stability, but it also means the fund is unlikely to behave like an equity-led product. For investors with a moderate risk tolerance and a longer holding period, the fund may fit as a conservative hybrid allocation rather than a return-chasing core equity choice.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹76.8421 as of 09 Sep 2026 |
| AUM | ₹1,646 Cr |
| Expense Ratio | 1.24% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹500 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | NIL upto 10% of units and 1% for remaining units on or before 12M, NIL after 12M |
| Fund Managers | Amit Premchandani, Jaydeep Bhowal |
The fund is managed by Amit Premchandani and Jaydeep Bhowal.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.29% | -4.69% |
| 3M | 1.67% | 0.93% |
| 1Y | 2.52% | -7.16% |
| 3Y | 7.84% | 6.00% |
| 5Y | 7.79% | 5.87% |
The short-term pattern is mixed but not erratic. Over 1 month, the fund was negative, yet it still held up better than the benchmark during the same period. Over 3 months, it moved into positive territory and again stayed ahead of the benchmark return.
The more useful test is the 1-year window. The fund delivered a small positive return while the benchmark was negative, which tells us it protected capital better through the recent cycle. That is a useful quality for a conservative hybrid fund, especially when equity market conditions are less supportive.
At the longer end, the 3-year and 5-year returns are close to each other and both sit above the benchmark. That points to a fairly stable compounding pattern rather than a dramatic swing in outcomes. We would read this as consistent, moderate growth rather than a fund that depends on one exceptional period.
Overall, the recent 1-year experience does not change the longer-term story much: the fund has remained ahead of the benchmark over the medium and long term, while recent months have still been somewhat uneven.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD UTI Conservative Hybrid?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding UTI Conservative Hybrid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| UTI Conservative Hybrid Fund Direct Growth Plan | 2.52% | 7.84% | 7.79% |
| Nippon India Conservative Hybrid Fund Direct Growth Plan | 7.43% | 8.73% | 8.32% |
| Parag Parikh Conservative Hybrid Fund Direct Growth Plan | 5.96% | 9.53% | 9.52% |
| SBI Conservative Hybrid Fund Direct Growth Plan | 5.75% | 8.46% | 8.74% |
| Baroda BNP Paribas Conservative Hybrid Fund Direct Growth Plan | 5.68% | 8.56% | 7.60% |
| Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan | 5.43% | 8.80% | 8.19% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the recent 1-year measure, this fund trails the stronger peer returns in the group, where several schemes have posted mid-single-digit gains. Its 3-year and 5-year returns are also below the better long-term peer outcomes, although they remain positive and broadly steady.
The comparison tells two different stories. Short-term, the fund has lagged the better peer numbers by a clear margin. Longer-term, it still shows reasonable continuity and stays in positive territory, but the available peer set suggests that other conservative hybrid funds have compounded more strongly over both 3 years and 5 years.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Net Current Assets | Cash & Cash Equivalents and Net Assets | 12.11% |
| 6.90% Gsec Mat – 15/04/2065 | Government Securities | 6.35% |
| NCD National Bank for Agriculture and Rural Development | Corporate Debt | 6.02% |
| NCD REC Ltd | Corporate Debt | 5.94% |
| NCD Bajaj Finance Ltd. | Corporate Debt | 3.02% |
| NCD LIC Housing Finance Ltd. | Corporate Debt | 3.02% |
| NCD Small Industries Development Bank of India | Corporate Debt | 3.01% |
| NCD Jio Credit Ltd | Corporate Debt | 2.99% |
| 07.80% Xirr PTC- Siddhivinayak Securitisation Trust-28/09/2030 | PTC & Securitized Debt | 2.97% |
| 7.34% Gsec Mat- 22/04/2064 | Government Securities | 2.92% |
The top 10 holdings account for approximately 48.35% of the portfolio.
To see all holdings, visit the UTI Conservative Hybrid Fund Direct Growth Plan page
The largest disclosed holding is Net Current Assets at 12.11%, which is sizeable enough to affect short-term positioning and liquidity. After that, the weights step down fairly quickly into a cluster of government securities and corporate debt positions in the 6% to 3% range.
That pattern suggests the disclosed book is not built around one dominant security. Instead, influence may be spread across several debt instruments, while cash-like exposure also remains meaningful. The tenth holding at 2.92% is much smaller than the first holding, so the disclosed top end shows clear diversification within the visible set.
Since the top 10 account for 48.35% of the portfolio and there are 40 disclosed holdings in total, the fund appears to have a fairly long tail beyond the visible leaders. That can reduce reliance on any single position, although the first few holdings could still have greater influence on day-to-day movement.
Source data date: as of 09 Sep 2026
Who should invest
This fund may suit investors who are comfortable with Medium Risk and want a conservative hybrid allocation rather than an equity-heavy one. The return pattern shows modest recent performance, but the 3-year and 5-year numbers are steadier and above the benchmark, which makes the fund better suited to patient investors than to those looking for sharp near-term gains.
The main trade-off is between stability and upside. The debt-led portfolio can support smoother behaviour, yet it also limits the chance of fast appreciation. In our view, the fund is more appropriate for a medium- to long-term horizon, where the goal is balanced participation and measured compounding rather than aggressive growth.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: NIL upto 10% of units and 1% for remaining units on or before 12M, NIL after 12M.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of UTI Conservative Hybrid Fund Direct Growth Plan?
The NAV is ₹76.8421 as of 09 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its returns are 2.52% over 1 year, 7.84% over 3 years and 7.79% over 5 years.
How has the fund performed versus Nifty 50?
It has stayed ahead of Nifty 50 over 1 year, 3 years and 5 years. The difference is most noticeable over the recent 1-year period, where the benchmark was negative.
How does it compare with other conservative hybrid funds on returns?
Several peer schemes show stronger 1-year, 3-year and 5-year returns. This fund’s longer-term numbers remain positive, but the available peer set has produced higher compounding.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Amit Premchandani and Jaydeep Bhowal. The exit load is NIL upto 10% of units and 1% for remaining units on or before 12M, NIL after 12M.
Bottom line
UTI Conservative Hybrid Fund Direct Growth Plan has been steadier over 3 years and 5 years than it has been over the latest 1-year stretch, and it has stayed ahead of the benchmark across those periods. Compared with peers, its available return figures look softer, especially on the longer horizon. The portfolio also shows meaningful weight in government securities, corporate debt and cash-like assets, which supports a conservative profile. That combination makes the fund more relevant for investors seeking balanced, lower-drama hybrid exposure than for those chasing stronger upside.
Published on 10 September 2026 at 4:12 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.