Funds/Conservative Hybrid Fund/Sundaram Conservative Hybrid Fund

Sundaram Conservative Hybrid Fund

Sundaram Mutual Fund·Conservative Hybrid Fund·vs Peer Median

The fund is heavily positioned for liquidity and safety, with over half its corpus parked in TREPS and government securities—a defensive stance reflecting elevated interest rate expectations or near-term market caution. The dramatic shift from cash into TREPS signals the manager is capturing attractive short-term rates while maintaining flexibility, rather than committing to longer duration risk. With minimal equity exposure and concentrated holdings, this portfolio is suited for risk-averse investors prioritizing capital preservation over growth during uncertain market conditions.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹28.9525	-0.72%	-2.44%	-2.79%	-2.58%	+5.03%	+6.44%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

34.04%

Top 10 Weight

38.71%

Active Share

—

Large Cap

16.79%

Gini

0.655

What Changed2026-03-31 → 2026-04-30

Holdings: 26 → 26+0 added−0 removed8 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	TREPS		CASH_EQUIVALENT	52.20%
2	6.36% Central Government Securities 16/02/2031 IN0020250141	Sovereign	DEBT	25.98%
3	Bharti Airtel Ltd INE397D01024	Telecom - Services	EQUITY	2.39%
4	Reliance Industries Ltd INE002A01018	Petroleum Products	EQUITY	2.27%
5	HDFC Bank Ltd INE040A01034	Banks	EQUITY	2.04%
6	Cash and Other Net Current Assets^		CASH_EQUIVALENT	1.44%
7	State Bank of India INE062A01020	Banks	EQUITY	1.35%
8	ICICI Bank Ltd INE090A01021	Banks	EQUITY	1.07%
9	Infosys Ltd INE009A01021	It - Software	EQUITY	1.07%
10	HCL Technologies Ltd INE860A01027	It - Software	EQUITY	0.89%
11	Bajaj Auto Ltd INE917I01010	Automobiles	EQUITY	0.84%
12	Axis Bank Ltd INE238A01034	Banks	EQUITY	0.80%
13	Tech Mahindra Ltd INE669C01036	It - Software	EQUITY	0.78%
14	Ultratech Cement Ltd INE481G01011	Cement & Cement Products	EQUITY	0.77%
15	Alkem Laboratories Ltd INE540L01014	Pharmaceuticals & Biotechnology	EQUITY	0.71%
16	Kotak Mahindra Bank Ltd INE237A01036	Banks	EQUITY	0.68%
17	Hindustan Aeronautics Ltd INE066F01020	Aerospace & Defense	EQUITY	0.57%
18	Mahindra & Mahindra Ltd INE101A01026	Automobiles	EQUITY	0.57%
19	Larsen & Toubro Ltd INE018A01030	Construction	EQUITY	0.53%
20	PI Industries Ltd INE603J01030	Fertilizers & Agrochemicals	EQUITY	0.52%

Sector Allocation

Sovereign26.0%

Banks6.0%

It - Software2.7%

Telecom - Services2.4%

Petroleum Products2.3%

Automobiles1.4%

Pharmaceuticals & Biotechnology1.0%

Cement & Cement Products0.8%

Aerospace & Defense0.6%

Construction0.5%

Top 10 sectors by % to NAV. Excludes derivatives.