Axis Conservative Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Axis Conservative Hybrid Fund Direct Growth Plan is at a NAV of ₹36.0693 as of 09 Sep 2026, with an AUM of ₹219 Cr. Its 1-year, 3-year and 5-year returns are 2.76%, 6.74% and 6.08%, and the scheme sits in the Medium Risk category.
Our view is that this is a conservative hybrid option for investors who want steadier participation than an equity-only fund, while accepting that returns may move unevenly over shorter stretches. The fund has stayed close to a measured long-term compounding profile, but its recent performance has been softer than its 3-year and 5-year track record.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹36.0693 as of 09 Sep 2026 |
| AUM | ₹219 Cr |
| Expense Ratio | 1.05% |
| Launch Date | 04 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | Nil upto 10% of investments and 1% for remaining investments on or before 1M, Nil after 1M |
| Fund Managers | Devang Shah, Sachin Jain, Jayesh Sundar, Krishnaa N |
The fund is managed by Devang Shah, Sachin Jain, Jayesh Sundar and Krishnaa N.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.1% | -4.69% |
| 3M | 1.63% | 0.93% |
| 1Y | 2.76% | -7.16% |
| 3Y | 6.74% | 6% |
| 5Y | 6.08% | 5.87% |
The fund’s short-term pattern has been uneven, but not unstable in the way an equity-heavy scheme can be. The 1-month figure is negative, yet it still held up better than the benchmark, and the 3-month return improved from that weaker near-term patch. That tells us the scheme can absorb short swings without losing its broader conservative profile.
Over 1 year, the fund is clearly ahead of the benchmark, while the benchmark itself has been negative. That gap matters because it shows the fund preserved capital better in a difficult market backdrop. The 3-year and 5-year figures are much closer to the benchmark, which suggests the longer-term edge has been modest rather than dramatic.
Viewed together, the fund has compounded at a measured pace over 3 and 5 years, with the 5-year return remaining near the benchmark’s own pace. The recent 1-year softness versus its longer-horizon numbers does not break the overall pattern, but it does show that the path of returns can vary from one period to the next.
For an investor, the key point is that this is not a fast-momentum fund. Its profile looks more suitable for steady accumulation than for chasing strong short-term upside.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Axis 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 Axis Conservative Hybrid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Axis Conservative Hybrid Fund Direct Growth Plan | 2.76% | 6.74% | 6.08% |
| 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% | 7.6% |
| Aditya Birla SL Conservative Hybrid Fund Direct Growth Plan | 5.43% | 8.8% | 8.19% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the five peer funds shown here, while its 3-year and 5-year figures also sit below the stronger peer readings available. The short-term comparison looks weaker than the longer-term picture, because the fund’s 1-year result is much softer than several peer funds, but its 3-year and 5-year returns still stay in a relatively compact band. That makes the fund look more restrained than the stronger peer set, rather than fundamentally out of line with the category style.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.18% Government of India (14/08/2033) | Government Securities | 15.83% |
| 6.94% Government of India (11/05/2036) | Government Securities | 13.66% |
| 6.79% Government of India (07/10/2034) | Government Securities | 11.78% |
| 7.64% Power Finance Corporation Limited (22/02/2033) | Corporate Debt | 6.81% |
| 7.18% Government of India (24/07/2037) | Government Securities | 4.16% |
| 5% GMR Airports Limited (13/02/2027) ** | Corporate Debt | 2.41% |
| 7.1% Government of India (08/04/2034) | Government Securities | 2.31% |
| Bamboo Hotel and Global Centre (Delhi) Private Limited (31/01/2028) ** | Corporate Debt | 2.29% |
| 6.72% Indigrid Infrastructure Trust (14/09/2026) ** | Corporate Debt | 2.28% |
| Muthoot Finance Limited (26/07/2029) (FRN) ** | Floating Rate Instruments | 2.27% |
The largest holding alone is 15.83%, so it is big enough to matter in day-to-day portfolio behaviour. The weight then falls sharply through the next few positions, with the tenth holding down at 2.27%. That gap suggests the fund is tilted toward a core set of debt exposures rather than being evenly spread across many similar-sized positions.
The top 10 holdings account for approximately 63.8% of the portfolio, and the fund has 37 disclosed holdings in total. That combination points to moderate concentration at the top, followed by a longer tail of smaller positions. In our view, the structure may help the fund balance stability with diversification, but the largest government-security positions are still likely to have greater influence on outcomes than the smaller entries.
To see all holdings, visit the Axis Conservative Hybrid Fund Direct Growth Plan page
Source data date: as of 09 Sep 2026
Who should invest
This fund fits investors who are comfortable with a Medium Risk profile and want a hybrid allocation that is not driven by aggressive equity-like swings. The 1-year return has been softer than the 3-year and 5-year figures, so a patient horizon matters more than expecting smooth short-term progress.
It may suit investors who can hold through periods when returns trail stronger peer numbers, but who still value a steadier debt-led structure and benchmark-aware behaviour. The main trade-off is accepting measured upside in exchange for a more controlled ride, especially when market conditions are uneven.
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 up to 10% of investments and 1% for the remaining investments if units are sold on or before 1 month; no exit load after the holding period.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Axis Conservative Hybrid Fund Direct Growth Plan?
The current NAV is ₹36.0693 as of 09 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 2.76% for 1 year, 6.74% for 3 years and 6.08% for 5 years.
How does the fund compare with the benchmark?
It is ahead of Nifty 50 on 1-year, 3-month and 1-month readings, and it is slightly ahead on 5-year return as well. The 3-year return is also close to the benchmark.
How does it compare with peer conservative hybrid funds?
Its 1-year return is lower than the peer figures shown here, and its 3-year and 5-year returns are also below the stronger peer numbers available. The gap is larger in the short term than over the longer horizon.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Devang Shah, Sachin Jain, Jayesh Sundar and Krishnaa N. The exit load is nil up to 10% of investments and 1% for the remaining investments if units are sold on or before 1 month, and there is no exit load after the holding period.
Bottom line
Axis Conservative Hybrid Fund Direct Growth Plan looks like a measured hybrid option rather than a standout momentum story. Its recent return pattern is softer than its 3-year and 5-year track record, and its peer comparison also shows a weaker short-term showing than several comparable funds. Even so, the benchmark comparison is reasonable, and the portfolio is anchored by a large government-securities core with a longer tail of smaller positions. That makes the fund more suitable for patient investors who value a conservative structure and can accept moderate, uneven compounding.
Published on 10 September 2026 at 2:26 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.