SBI Conservative Hybrid Fund
SBI Conservative Hybrid's portfolio tilts defensively toward high-grade debt (over 38% in AAA and AA rated securities) while maintaining a measured equity exposure of 35% focused on infrastructure and financials. The manager's recent portfolio churn—swapping housing finance names for established banks and NABARD—signals a preference shift toward larger, more liquid financial institutions over niche lenders. This defensive positioning and strategic rebalancing suggest conviction in quality over growth, appropriate for conservative investors seeking steady returns with manageable volatility.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹82.4456 | +1.36% | — | — | — | — | — |
| Regular Growth | ₹75.1693 | +1.32% | +0.67% | +0.91% | +5.17% | +9.20% | +9.13% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| HDFC Bank Ltd. | 0.87% |
| Muthoot Finance Ltd. | 1.54% |
| National Bank for Agriculture and Rural Development | 1.02% |
| LIC Housing Finance Ltd. | 0.76% |
| Canara Bank | 0.97% |
| Small Industries Development Bank of India | 0.97% |
| Bank of Baroda | 0.49% |
| National Bank for Agriculture and Rural Development | 0.48% |
| 91 DAY T-BILL 16.07.26 | 0.51% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Infopark Properties Ltd. INE0KZX07023 | 3.08% |
| 2 | Aditya Birla Renewables Ltd. INE01QP08016 | 3.08% |
| 3 | TREPS | 3.07% |
| 4 | Adani Power Ltd. INE814H07190 | 3.05% |
| 5 | 7.52% State Government of Tamil Nadu 2055 IN3120250474 | 2.95% |
| 6 | JTPM Metal Traders Ltd. INE02PE08036 | 2.68% |
| 7 | JSW Kalinga Steel Ltd. INE2QI808033 | 2.65% |
| 8 | Bajaj Finance Ltd. INE296A07SV1 | 2.56% |
| 9 | LIC Housing Finance Ltd. INE115A07RF8 | 2.31% |
| 10 | Cholamandalam Investment & Finance Co. Ltd. INE121A08PT9 | 2.07% |
| 11 | Small Industries Development Bank of India INE556F08LC0 | 2.03% |
| 12 | GMR Airports Ltd. INE776C08075 | 1.88% |
| 13 | Net Receivable / Payable | 1.88% |
| 14 | Bharti Telecom Ltd. INE403D08256 | 1.88% |
| 15 | Asian Paints Ltd. INE021A01026 | 1.86% |
| 16 | Avanse Financial Services Ltd. INE087P07402 | 1.80% |
| 17 | Tata Communications Ltd. INE151A08349 | 1.80% |
| 18 | Godrej Industries Ltd. INE233A08170 | 1.76% |
| 19 | 7.56% State Government of Madhya Pradesh 2039 IN2120250450 | 1.76% |
| 20 | Motilal Oswal Finvest Ltd. INE01WN07128 | 1.75% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.