diff --git a/python/src/com/jetbrains/python/packaging/PyPackageManagersImpl.java b/python/src/com/jetbrains/python/packaging/PyPackageManagersImpl.java
index d3adf9ae5e63..a50bd05bfdd1 100644
--- a/python/src/com/jetbrains/python/packaging/PyPackageManagersImpl.java
+++ b/python/src/com/jetbrains/python/packaging/PyPackageManagersImpl.java
@@ -17,6 +17,7 @@ package com.jetbrains.python.packaging;
 
 import com.intellij.openapi.project.Project;
 import com.intellij.openapi.projectRoots.Sdk;
+import com.intellij.openapi.vfs.VirtualFile;
 import com.jetbrains.python.packaging.ui.PyCondaManagementService;
 import com.jetbrains.python.packaging.ui.PyPackageManagementService;
 import com.jetbrains.python.sdk.PythonSdkType;
@@ -36,10 +37,13 @@ public class PyPackageManagersImpl extends PyPackageManagers {
     final String key = PythonSdkType.getSdkKey(sdk);
     PyPackageManagerImpl manager = myInstances.get(key);
     if (manager == null) {
+      final VirtualFile homeDirectory = sdk.getHomeDirectory();
       if (PythonSdkType.isRemote(sdk)) {
         manager = new PyRemotePackageManagerImpl(sdk);
       }
-      else if (PyCondaPackageManagerImpl.isConda(sdk) && PyCondaPackageService.getCondaExecutable(sdk.getHomeDirectory()) != null) {
+      else if (PyCondaPackageManagerImpl.isConda(sdk) &&
+               homeDirectory != null &&
+               PyCondaPackageService.getCondaExecutable(homeDirectory) != null) {
         manager = new PyCondaPackageManagerImpl(sdk);
       }
       else {