Can I invest in SIP and Lumpsum in SBI Conservative Hybrid Fund - Direct (IDCW-Q) Direct Growth?

Yes, you can invest both lumpsum and SIP in SBI Conservative Hybrid Fund - Direct (IDCW-Q). Minimum lumpsum investment SBI Conservative Hybrid Fund - Direct (IDCW-Q) is ₹5,000 and minimum SIP amount is ₹500 . Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

What is the NAV of SBI Conservative Hybrid Fund - Direct (IDCW-Q) Direct Growth?

The latest NAV ( Net Asset Value ) of SBI Conservative Hybrid Fund - Direct (IDCW-Q) is SBI Conservative Hybrid Fund - Direct (IDCW-Q) is ₹23.48 as on 2025-04-16.

Which are the biggest stock holdings of SBI Conservative Hybrid Fund - Direct (IDCW-Q)?

The 5 biggest stock holdings of SBI Conservative Hybrid Fund - Direct (IDCW-Q) are: Reliance Industr (2.48%), ICICI Bank (1.67%), Bajaj Finance (1.35%), Infosys (1.20%), Axis Bank (1.15%)

What are the top sectors SBI Conservative Hybrid Fund - Direct (IDCW-Q) invests in?

A majority of SBI Conservative Hybrid Fund - Direct (IDCW-Q) 's AUM worth ₹9,666.02 (Cr) is invested in these 3 top sectors: Debt : 76.51% Banks : 3.71% Finance : 2.89%

Mutual Funds
AMC
SBI Conservative Hybrid Fund - Direct (IDCW-Q)

SBI Conservative Hybrid Fund - Direct (IDCW-Q)

Conservative Hybrid Fund

Invest Now

NAV
23.48(0.17%)
Fund Size (CR)
₹9,666.02
Expense Ratio
1.13
Scheme Type
Active Fund
Value Research

Min. investment
₹5,000
Minimum Additional Investment
₹1,000
Minimum SIP Investment
₹500
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
10.39%

Absolute Return: 1.87%

Annualized Return: 0%

Basic Details

Scheme Manager

Saurabh Pant

Bench Mark

NIFTY 50 Hybrid Composite Debt 15:85 Index

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	8 April 2025	10108.43	1.08%	-	1.10%	56/120
1 Month	13 March 2025	10249.41	2.49%	-	2.58%	68/120
3 Month	15 January 2025	10191.36	1.91%	-	2.11%	73/120
6 Month	15 October 2024	10014.22	0.14%	-	1.09%	97/120
1 Year	15 April 2024	10939.43	9.39%	9.39%	8.76%	49/120
3 Year	13 April 2022	13349.04	33.49%	10.08%	8.63%	21/120
5 Year	15 April 2020	18622.36	86.22%	13.23%	10.88%	9/116
Since Inception	30 January 2013	33434.48	234.34%	10.39%	8.79%	9/120

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	2 May 2024	1,20,000	196095.17	63.41%	63.41%
3 Year	2 May 2022	3,60,000	666323.58	85.09%	22.78%
5 Year	4 May 2020	6,00,000	1244709.60	107.45%	15.71%
10 Year	5 May 2015	12,00,000	2943390.48	145.28%	9.39%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

1.07%

Standard Deviation

0.24%

Beta

0.98%

Sharpe Ratio

0.09%

Treynor's Ratio

2.63%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
Reliance Industr	2.48%	1880000	239.72	Equity	Refineries
ICICI Bank	1.67%	1200000	161.80	Equity	Banks
Bajaj Finance	1.35%	146000	130.61	Equity	Finance
Infosys	1.20%	740000	116.23	Equity	IT - Software
Axis Bank	1.15%	1010000	111.30	Equity	Banks
TCS	1.01%	272000	98.09	Equity	IT - Software
Aether Industri.	0.89%	1030000	85.59	Equity	Chemicals
Grindwell Norton	0.85%	481630	81.72	Equity	Capital Goods-Non Electrical Equipment
HDFC AMC	0.76%	182000	73.05	Equity	Finance
St Bk of India	0.73%	920000	70.98	Equity	Banks

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
SBI Conservative Hybrid Fund - Direct (IDCW-Q)	9666.02	2.49%	1.91%	0.14%	9.39%	10.08%
DSP Regular Savings Fund - Direct (G)	163.53	2.28%	3.34%	2.86%	11.45%	9.87%
DSP Regular Savings Fund - Direct (IDCW-M)	163.53	2.28%	3.33%	2.85%	11.43%	9.86%
DSP Regular Savings Fund - Direct (IDCW-Q)	163.53	2.25%	3.31%	2.83%	11.42%	9.85%
UTI-Conservative Hybrid Fund - Direct (Monthly-Paymen)	1647.97	2.73%	2.51%	0.84%	11.12%	9.93%
UTI-Conservative Hybrid Fund - Direct (IDCW-M)	1647.97	2.73%	2.51%	0.84%	11.12%	9.76%

List of Schemes under SBI Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
SBI Multicap Fund	Equity	Very High	15.97%	3	₹19,192.41
SBI Bluechip Fund	Equity	Very High	8.01%	4	₹49,394.17
SBI Large & Midcap Fund	Equity	Very High	5.31%	4	₹29,416.39
SBI Magnum Midcap Fund	Equity	Very High	7.23%	4	₹20,890.26
SBI Small Cap Fund	Equity	Very High	4.2%	3	₹30,828.79
SBI Dividend Yield Fund	Equity	Very High	3.22%	0	₹8,871.77
SBI Contra Fund	Equity	Very High	1.26%	5	₹42,220.04
SBI Focused Equity Fund	Equity	Very High	8.4%	2	₹35,253.14
SBI Consumption Opportunities Fund	Equity	Very High	10.08%	4	₹2,903.68
SBI Infrastructure Fund-Series	Equity	Very High	1.76%	3	₹4,680.96
SBI Technology Opportunities Fund	Equity	Very High	6.33%	0	₹4,203.00
SBI Magnum Comma Fund	Equity	Very High	0.48%	0	₹624.36
SBI ESG Exclusionary Strategy Fund	Equity	Very High	2.39%	0	₹5,433.25
SBI Magnum Global Fund	Equity	Very High	2.12%	0	₹5,973.35
SBI Healthcare Opportunities Fund	Equity	Very High	16.11%	5	₹3,610.51
SBI PSU Fund	Equity	Very High	1.89%	0	₹4,788.77
SBI Banking & Financial Services Fund	Equity	Very High	17.46%	4	₹7,111.34
SBI Equity Minimum Variance	Equity	Very High	2.56%	0	₹209.22
SBI Energy Opportunities Fund	Equity	Very High	-5.08%	0	₹9,940.23
SBI Automotive Opportunities Fund	Equity	Very High	0%	0	₹5,220.22
SBI Innovative Opportunities Fund	Equity	Very High	0%	0	₹6,951.40
SBI Quant Fund	Equity	Very High	0%	0	₹3,602.67
SBI Long Term Equity Fund	Equity	Very High	7.1%	5	₹27,730.33
SBI Long Term Advantage Fund - Series III	Equity	Moderately High	7.54%	0	₹68.50
SBI Long Term Advantage Fund - Series IV	Equity	Moderately High	2.14%	0	₹198.72
SBI Long Term Advantage Fund - Series V	Equity	Moderately High	32.35%	0	₹342.25
SBI Long Term Advantage Fund - Series VI	Equity	Moderately High	4.57%	0	₹259.42
SBI Overnight Fund	Debt	Low	6.59%	2	₹12,117.75
SBI Liquid Fund	Debt	Moderate	7.31%	2	₹54,569.36
SBI Magnum Ultra Short Duration Fund	Debt	Moderately Low	7.75%	2	₹12,469.58
SBI Magnum Low Duration Fund	Debt	Moderate	8.18%	4	₹14,392.26
SBI Saving Fund	Debt	Moderate	8.01%	3	₹24,002.86
SBI Short Horizon Debt - Short Term	Debt	Moderate	9.42%	3	₹13,958.73
SBI Magnum Medium Duration Fund	Debt	Moderately High	9.82%	3	₹6,481.44
SBI Magnum Income Fund	Debt	Moderate	10.51%	4	₹1,918.19
SBI Long Duration Fund	Debt	Moderate	12.16%	0	₹2,981.90
SBI Dynamic Bond Fund	Debt	Moderate	11.25%	4	₹3,410.13
SBI Corporate Bond Fund	Debt	Moderately Low	9.68%	3	₹22,154.04
SBI Credit Risk Fund	Debt	Moderately High	9.71%	3	₹2,254.83
SBI Banking and PSU Fund	Debt	Moderate	9.4%	3	₹3,835.11
SBI Magnum Gilt Fund	Debt	Moderate	11.67%	5	₹11,489.36
SBI Magnum Constant Maturity Fund	Debt	Moderate	11.83%	0	₹1,831.08
SBI Floating Rate Debt Fund	Debt	Moderately Low	8.86%	3	₹1,226.01
SBI Conservative Hybrid Fund	Hybrid	High	9.4%	4	₹9,666.02
SBI Equity Hybrid Fund	Hybrid	Very High	12.14%	3	₹72,555.11
SBI Balanced Advantage Fund	Hybrid	Very High	7.01%	5	₹34,015.41
SBI Multi Asset Allocation Fund	Hybrid	Very High	8.34%	4	₹7,673.98
SBI Arbitrage Opportunities Fund	Hybrid	Low	7.8%	3	₹30,592.08
SBI Equity Savings Fund	Hybrid	Moderately High	5.82%	4	₹5,670.63
SBI Retirement Benefit Fund-Aggressive Plan (G)	Solution Oriented	Very High	3.82%	3	₹2,682.72
SBI Retirement Benefit Fund-Aggrs Hyb Plan	Solution Oriented	Very High	5.37%	3	₹1,477.63
SBI Retirement Benefit Fund-Conservative Plan	Solution Oriented	Moderately High	9.25%	3	₹175.48
SBI Retirement Benefit Fund-Conser Hyb Plan	Solution Oriented	High	7.83%	3	₹272.72
SBI Magnum Children Benefit Fund - Savings Plan	Solution Oriented	Moderately High	14.01%	5	₹122.51
SBI Magnum Children's Benefit Fund - IP	Solution Oriented	Very High	18.39%	5	₹3,225.79
SBI Nifty Index Fund	Other	Very High	5.75%	2	₹9,192.42
SBI Nifty Next 50 Index Fund	Other	Very High	2.55%	3	₹1,544.81
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund	Other	Moderately Low	8.28%	0	₹9,171.90
SBI Nifty Smallcap 250 Index Fund	Other	Very High	0.87%	0	₹1,223.59
SBI Nifty Midcap 150 Index Fund	Other	Very High	4.93%	0	₹725.36
SBI CRISIL IBX Gilt Index-June 2036 Fund	Other	Moderate	12.27%	0	₹2,508.10
SBI CRISIL IBX Gilt Index-April 2029 Fund	Other	Moderate	10.55%	0	₹2,157.82
SBI CRISIL IBX SDL Index-September 2027 Fund	Other	Moderate	9.23%	0	₹1,118.49
SBI BSE Sensex Index Fund	Other	Very High	5.48%	0	₹271.71
SBI Nifty50 Equal Weight Index Fund	Other	Very High	4.64%	0	₹972.75
SBI Nifty 500 Index Fund	Other	Very High	0%	0	₹809.13
SBI Nifty India Consumption Index Fund	Other	Very High	0%	0	₹331.47
SBI Nifty Bank Index Fund	Other	Very High	0%	0	₹102.31
SBI Nifty IT Index Fund	Other	Very High	0%	0	₹37.88
SBI BSE PSU Bank Index Fund	Other	Very High	0%	0	₹8.42
SBI International Access - US Equity FoF	Other	Very High	0.48%	0	₹881.34
SBI Gold Fund	Other	Very High	26.03%	4	₹3,582.23
SBI Silver ETF Fund of Fund	Other	Very High	0%	0	₹320.09
SBI FMP - Series 1 (3668 Days)	Debt	Moderate	10.55%	0	₹47.81
SBI FMP - Series 6 (3668Days)	Debt	Moderate	10.49%	0	₹34.58
SBI FMP - Series 34 (3682Days) (G)	Debt	Moderate	10.95%	0	₹27.48
SBI FMP - Series 41 (1498Days)	Debt	Moderately Low	7.04%	0	₹910.72
SBI FMP - Series 42 (1857Days)	Debt	Moderate	8.14%	0	₹473.90
SBI FMP - Series 43 (1616Days)	Debt	Moderate	7.63%	0	₹117.97
SBI FMP - Series 44 (1855Days)	Debt	Moderate	8.3%	0	₹381.56
SBI FMP - Series 45 (1840Days)	Debt	Moderately Low	8.27%	0	₹223.98
SBI FMP - Series 46 (1850Days)	Debt	Moderate	8.28%	0	₹130.53
SBI FMP - Series 47 (1434Days)	Debt	Moderately Low	7.41%	0	₹142.71
SBI FMP - Series 48 (1458Days)	Debt	Moderate	7.46%	0	₹46.15
SBI FMP - Series 49 (1823Days)	Debt	Moderately Low	8.52%	0	₹388.72
SBI FMP - Series 50 (1843Days)	Debt	Moderate	8.58%	0	₹120.70
SBI FMP - Series 51 (1846Days)	Debt	Moderate	8.61%	0	₹296.20
SBI FMP - Series 52 (1848Days)	Debt	Moderately Low	8.55%	0	₹135.97
SBI FMP - Series 53 (1839Days)	Debt	Moderate	8.68%	0	₹306.39
SBI FMP - Series 54 (1842Days)	Debt	Moderate	8.76%	0	₹37.32
SBI FMP - Series 55 (1849Days)	Debt	Moderate	8.74%	0	₹251.75
SBI FMP - Series 56 (1232Days)	Debt	Moderately Low	7.16%	0	₹285.88
SBI FMP - Series 57 (1835Days)	Debt	Moderate	8.79%	0	₹254.78
SBI FMP - Series 58 (1842Days)	Debt	Moderate	8.85%	0	₹248.78
SBI FMP - Series 59 (1618Days)	Debt	Moderate	8.17%	0	₹27.68
SBI FMP - Series 60 (1878Days)	Debt	Moderate	9.02%	0	₹245.16
SBI FMP - Series 61 (1927Days)	Debt	Moderate	9.06%	0	₹332.30
SBI FMP - Series 66 (1361Days)	Debt	Moderately Low	8.13%	0	₹675.45
SBI FMP - Series 67 (1467Days)	Debt	Moderately Low	8.36%	0	₹580.33
SBI FMP - Series 64 (1169Days)	Debt	Moderate	7.55%	0	₹398.05
SBI FMP - Series 68 (1302Days)	Debt	Moderately Low	8%	0	₹191.91
SBI FMP - Series 72 (1239Days)	Debt	Moderately Low	8.19%	0	₹333.93
SBI FMP - Series 73 (1226Days)	Debt	Moderately Low	8.17%	0	₹199.66
SBI FMP - Series 74 (1243Days)	Debt	Moderate	8.28%	0	₹157.13
SBI FMP - Series 76 (1221Days)	Debt	Moderate	8.02%	0	₹164.46
SBI FMP - Series 78 (1170Days)	Debt	Moderate	8.09%	0	₹124.44
SBI FMP - Series 79 (1130Days)	Debt	Moderately Low	8.01%	0	₹81.47
SBI FMP - Series 81 (1157Days)	Debt	Moderate	8.31%	0	₹407.41
SBI Flexi Cap Fund	Equity	Very High	0.41%	3	₹21,035.17

News

SBI Mutual Fund introduces Rs 250 JanNivesh SIP initiative
SBI Mutual Fund, in partnership with State Bank of India, has launched the JanNivesh SIP, a program designed to broaden access to mutual fund investments. The initiative features a Systematic Investment Plan (SIP) option starting at Rs 250.
JanNivesh SIP provides flexible investment options, including daily, weekly, and monthly SIPs. This structure aims to accommodate various income levels and investment preferences.
The program targets a diverse investor base, including first-time participants, small savers, individuals in rural, semi-urban, and urban areas, digitally-inclined urban investors, self-employed individuals, and technology-literate investors.
JanNivesh SIP will be accessible through the SBI YONO platform and via partnerships with fintech platforms such as Paytm, Groww, and Zerodha.
The initiative aims to encourage consistent investment practices and long-term wealth accumulation through a cost-effective investment model.
Powered by Capital Market - Live News

SBI MF announces change in fund manager under its schemes

SBI Mutual Fund has announced change in fund managers under the following schemes, with effect from February 01, 2025.

Change in Fund Management Responsibilities:

Name of the Scheme	Existing Fund Manager	Revised Fund Manager
SBI International Access-US Equity FoF	Mr. Pradeep Kesavan	Mr. Rohit Shimpi
SBI Magnum Gloal Fund	Mr. R. Srinivasan & Mr. Tanmaya Desai (Co-Fund Manager)	Mr. Tanmaya Desai

Powered by Capital Market - Live News

SBI MF announces change in Fund Manager of the following schemes

SBI Mutual Fund has announced change in Fund Managers of the following scheme with effect from: 27 December 2024

Change in Fund Managers of the Schemes:

Scheme Name	Existing Fund Manager(s)	New Fund Manager(s)
SBI Liquid Fund	Mr. R. Arun and Mr. Rajeev Radhakrishnan (Co-Fund Manager)	Mr. Rajeev Radhakrishnan
SBI Overnight Fund	Mr. R. Arun	Mr. Ranjana Gupta and Mr. Tejas Soman (Co-Fund Manager)
SBI Savings Fund	Mr. R. Arun and Mr. Rajeev Radhakrishnan (Co-Fund Manager)	Mr. Rajeev Radhakrishnan
SBI Magnum Ultra Short Duration Fund	Mr. R. Arun and Mr. Ardhendhu Bhattacharya (Co-Fund Manager)	Mr. Rajeev Radhakrishnan and Mr. Ardhendhu Bhattacharya (Co-Fund Manager)
SBI Magnum Low Duration Fund	Mr. Rajeev Radhakrishnan and Mr. R. Arun (Co-Fund Manager)	Mr. Rajeev Radhakrishnan
SBI Arbitrage Opportunities Fund	Mr. Neeraj Kumar (Equity Portion) Mr. R. Arun (Debt Portion)	Mr. Neeraj Kumar (Equity Portion) Mr. Ardhendhu Bhattacharya (Debt Portion)

Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹9666.02

SBI Conservative Hybrid Fund - Direct (IDCW-Q) is an Conservative Hybrid Fund-oriented fund from the renowned AMC, SBI Mutual Fund. Launched in 1 January 2013, this fund is managed by Saurabh Pant. With assets under management (AUM) worth ₹9,666.02 (Cr), as of 16 April 2025, SBI Conservative Hybrid Fund - Direct (IDCW-Q) is categorized as a Conservative Hybrid Fund within its segment. The fund has generated a return of 10.39% since its launch.
The current NAV of SBI Conservative Hybrid Fund - Direct (IDCW-Q) is ₹23.48, as on 16 April 2025. The fund's benchmark index is NIFTY 50 Hybrid Composite Debt 15:85 Index. You can invest in SBI Conservative Hybrid Fund - Direct (IDCW-Q) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
For exit within one year from the date of allotment for 10% of investment: Nil For remaining investment - 1.00%. For exit after one Year from the date of allotment - NIL. The fund has generated 10.08% and 13.23% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 23.95% in Equity, 73.63% in Debt and 2.42% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 76.51% in Debt, 3.71% in Banks, 2.89% in Finance, 2.30% in IT-Software, 2.05% in Industrial Products

FAQs

How to Invest in SBI Conservative Hybrid Fund - Direct (IDCW-Q) Direct Growth?

SBI Conservative Hybrid Fund - Direct (IDCW-Q) is a popular fund in the Conservative Hybrid Fund segment. The fund has generated a return of 10.39% since inception. Looking to invest in SBI Conservative Hybrid Fund - Direct (IDCW-Q) How about earning 1% extra return? All this is possible with m.Stock! Investing in SBI Conservative Hybrid Fund - Direct (IDCW-Q) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, SBI Conservative Hybrid Fund - Direct (IDCW-Q)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in SBI Conservative Hybrid Fund - Direct (IDCW-Q) today and reap the benefits of this Conservative Hybrid Fund fund!

How much returns has SBI Conservative Hybrid Fund - Direct (IDCW-Q) Direct Growth generated?

In the short term, i.e., 1 year, SBI Conservative Hybrid Fund - Direct (IDCW-Q) has generated annualised return of 9.39%. In the long-term, the fund has generated 10.08% and 13.23% in 3 and 5 years respectively. Since its inception, the fund has generated 10.39% returns.

What is the expense ratio of SBI Conservative Hybrid Fund - Direct (IDCW-Q) Direct Growth?

The expense ratio of SBI Conservative Hybrid Fund - Direct (IDCW-Q) Direct Growth is 1.13%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of SBI Conservative Hybrid Fund - Direct (IDCW-Q) Fund Direct Growth?

The Assets Under Management (AUM) of SBI Conservative Hybrid Fund - Direct (IDCW-Q) is ₹9,666.02 (Cr) as of 2025-04-16 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from SBI Conservative Hybrid Fund - Direct (IDCW-Q) Direct Growth?

Redeeming or selling units of SBI Conservative Hybrid Fund - Direct (IDCW-Q) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from SBI Conservative Hybrid Fund - Direct (IDCW-Q):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case SBI Conservative Hybrid Fund - Direct (IDCW-Q)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).