Bank of India Conservative Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bank of India Conservative Hybrid Fund Direct Growth Plan has a NAV of ₹38.1114 as of 09 Sep 2026 and scheme AUM of ₹65 Cr. Its 1-year, 3-year and 5-year returns are 3.98%, 6.71% and 9.79%, and the fund sits in the Medium Risk category.

Our view is that this is a conservative hybrid option with a steadier long-term profile than its short-term numbers suggest. The portfolio holds a meaningful debt and cash mix, so the return pattern is shaped more by accumulation than by sharp swings.

Quick facts

Particular	Details
NAV	₹38.1114 as of 09 Sep 2026
AUM	₹65 Cr
Expense Ratio	1.24%
Launch Date	01 Jan 2013
Min SIP	₹1,000
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil for 10% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y
Fund Managers	Alok Singh

The fund is managed by Alok Singh.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.13%	-4.69%
3M	1.43%	0.93%
1Y	3.98%	-7.16%
3Y	6.71%	6%
5Y	9.79%	5.87%

Recent performance has been mixed but not disruptive. The 1-month return is slightly negative, yet it still compares well with the benchmark’s weaker one-month reading, and the 3-month return is modestly positive. That tells us the fund has been relatively stable through a choppy spell rather than showing strong near-term acceleration.

The longer view is more important for this scheme. The 1-year return of 3.98% is clearly above the benchmark’s -7.16%, which indicates better resilience over the last year. The 3-year return of 6.71% is close to the benchmark’s 6%, so the edge there is limited, while the 5-year return of 9.79% is ahead of the benchmark’s 5.87%. That pattern points to a fund that has compounded reasonably well over time, even if the most recent run has not been especially strong.

The longer-horizon pattern also looks steadier than the market’s shorter swings. The fund’s return path over 3 years and 5 years suggests gradual compounding rather than abrupt jumps, which is consistent with a conservative hybrid structure. For investors, that usually matters more than one or two soft months: the key question is whether the fund can keep building returns without relying on aggressive risk-taking.

Compared with the benchmark, our view is that the fund has held up better on the 1-year and 5-year windows and roughly matched the benchmark over 3 years. That makes the trailing picture more balanced than the recent monthly numbers alone would suggest.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Bank of India 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Bank of India Conservative Hybrid Fund Direct Growth Plan	3.98%	6.71%	9.79%
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%	7.6%
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 current fund trails several peers on the 1-year measure, but its 5-year return is ahead of some of them and close to the better long-term figures in the set. That split tells us the short-term picture is weaker than the longer-term picture. In other words, this scheme has not been the strongest recent mover, but its multi-year compounding remains competitive enough to keep it relevant for conservative investors who care more about consistency than speed.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	17.71%
7.1% Government of India (18/04/2029)	Government Securities	7.81%
7.57% Indian Railway Finance Corporation Limited (18/04/2029) **	Corporate Debt	7.69%
7.68% National Bank for Agriculture and Rural Development (30/04/2029) **	Corporate Debt	7.66%
Punjab National Bank (12/03/2027) #	Certificate of Deposit	5.92%
7.73% Tata Capital Housing Finance Limited (14/01/2030) **	Corporate Debt	4.57%
6.27% Power Finance Corporation Limited (15/07/2027)	Corporate Debt	4.55%
8.9% Muthoot Finance Limited (07/10/2027) **	Corporate Debt	3.84%
8.1167% Bajaj Finance Limited (10/05/2027) **	Corporate Debt	3.07%
8.5% Nirma Limited (07/04/2027) **	Corporate Debt	3.07%

The top 10 holdings account for approximately 65.89% of the portfolio.

To see all holdings, visit the Bank of India Conservative Hybrid Fund Direct Growth Plan page

The largest holding is TREPS at 17.71%, which is large enough to matter to day-to-day portfolio behaviour. After that, weights drop into a cluster of government security, certificate of deposit and corporate debt positions in the 7% to 6% area, so there is a clear fall from the largest holding to the rest of the top tier.

The tenth holding is still 3.07%, so the decline from the first to the tenth is meaningful but not extreme. That shape suggests the portfolio is not reliant on a single position, even though the first few holdings could have greater influence on short-term movement than the smaller ones.

With 65.89% in the displayed top 10 and 35 disclosed holdings in total, the fund looks moderately concentrated at the visible end but still spread across a longer tail beyond those positions. That mix is consistent with a conservative hybrid strategy where cash, sovereign debt and diversified debt exposures may help keep the overall profile relatively restrained.

Source data date: as of 09 Sep 2026

Who should invest

This fund is better suited to investors who are comfortable with Medium Risk and want a conservative hybrid profile rather than a pure equity-style growth path. The 1-year return has been modest, but the 3-year and 5-year numbers show that the fund has compounded more steadily over time than the latest month-by-month numbers might suggest.

The benchmark comparison also matters here: the fund has done better over 1 year and 5 years, while the 3-year gap is small. That makes it more appropriate for a medium-to-long horizon investor who values relative stability and can accept that near-term returns may lag stronger peer funds in some periods. The trade-off is straightforward: you may give up some upside in exchange for a portfolio that leans heavily on debt, cash and other lower-volatility exposures.

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 for 10% of investment and 1% for the remaining investment if units are sold on or before 1 year; no exit load after the holding period.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Bank of India Conservative Hybrid Fund Direct Growth Plan?
The current NAV is ₹38.1114 as of 09 Sep 2026.

What are the 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 3.98%, its 3-year return is 6.71%, and its 5-year return is 9.79%.

How does the fund compare with the benchmark?
It has outpaced the benchmark over 1 year and 5 years, while the 3-year gap is small. The benchmark return figures are -7.16% for 1 year, 6% for 3 years and 5.87% for 5 years.

How does it compare with peer funds on returns?
Its 1-year return is lower than several peers in the comparison set, while its 5-year return is competitive with the stronger longer-term figures. The short-term and long-term comparisons tell different stories.

What is the risk category of this fund?
It is classified as Medium Risk. The portfolio also leans on cash, government securities and debt holdings, which fits that profile.

Who manages the fund and what is the exit load?
The fund is managed by Alok Singh. The exit load is nil for 10% of investment and 1% for the remaining investment if units are sold on or before 1 year; there is no exit load after the holding period.

Bottom line

Bank of India Conservative Hybrid Fund Direct Growth Plan shows a clearer long-term story than a short-term one. The 1-year return is modest relative to several peers, but the 5-year return is more competitive and sits above the benchmark. Its Medium Risk profile and debt-heavy portfolio mix make it more suitable for investors who want steadier participation rather than aggressive upside.

The main characteristic to note is the large allocation to cash and debt instruments at the top of the portfolio, which may help smooth the ride but can also limit sharp growth spurts. For investors with a medium-to-long horizon who are comfortable with a conservative hybrid approach, the fund may fit as a stability-first allocation rather than a return-chasing one.

Published on 10 September 2026 at 4:17 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.