SBI Conservative Hybrid Fund has emerged as the leader in the conservative hybrid mutual fund category with a 6-month return of 2.9% as of June 29, 2026, according to ACE MF data. The fund demonstrates consistent outperformance, ahead of its benchmark by 2.6 percentage points on a one-year basis with the benchmark returning 2.3%, and 2.2 percentage points ahead on a three-year basis with the benchmark returning 6.7%. Among the top five funds with assets under management of at least ₹1,500 crore, SBI Conservative Hybrid Fund maintains the largest corpus at ₹9,792.7 crore. The fund's performance spans multiple timeframes, with 4.9% returns over one year and 8.9% CAGR over three years, positioning it as a standout performer in the conservative hybrid segment.
SBI Mutual Fund has announced significant changes in fund management responsibilities across six of its schemes, with the changes taking effect from July 1, 2026. According to reports from SBI Mutual Fund, the changes involve multiple fund managers moving to co-fund manager roles while maintaining their existing responsibilities. The management restructuring comes as the fund continues to deliver strong performance in the competitive conservative hybrid fund category.
The changes affect SBI Credit Risk Fund, where Lokesh Mallya will continue as the primary fund manager alongside Prashanth Sridhar as co-fund manager. Additionally, Rajeev Radhakrishnan will transition to co-fund manager roles across multiple schemes including the SBI CRISIL-IBX 10:90 Gilt + SDL - Dec 2029 Index Fund, SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund, and SBI Nifty G-Sec Jul 2031 Index Fund. The SBI Savings Fund will see Rajeev Radhakrishnan paired with Sankalp Anil Jain as co-fund managers. The SBI Children's Fund - Savings Plan (formerly known as SBI Magnum Children's Benefit Fund - Savings Plan) also falls under these management changes, offering both Regular and Direct Growth options.
The changes bring in Prashanth Sridhar as co-fund manager for the SBI Credit Risk Fund, while Jignesh Shah and Ranjana Gupta will serve as co-fund managers across multiple debt index funds. According to the announcement, Sankalp Anil Jain will join Rajeev Radhakrishnan as co-fund manager for the SBI Savings Fund. These appointments represent a strategic shift toward shared fund management responsibilities across the affected schemes, ensuring continuity in investment strategies and management expertise as the fund maintains its leadership position in the conservative hybrid category.
