Bandhan Infrastructure Fund
Sectoral-InfrastructureVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹48.00+0.18%1 day
- Return since launch
- 10.6%
- 52-week range
- ₹41.44 — ₹51.14
- AUM
- ₹1,433 Cr
Bandhan Infrastructure Fund is a Sectoral-Infrastructure equity fund from Bandhan Mutual Fund with ₹1,433 Cr under management, launched in 2011. Over three years it has returned 2.6% a year, against 16.0% for its category. The expense ratio is 2.25% and the SEBI riskometer reading is Very High.
Performance
Bandhan Infrastructure Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.2% against +0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -0.2% | −5.9 pts | 5.7% | 1.0% |
| 2Y | -1.1% | −6.7 pts | 5.6% | 1.3% |
| 3Y | 2.6% | −13.4 pts | 16.0% | 3.5% |
| 5Y | 13.7% | −3.4 pts | 17.1% | 12.6% |
| 7Y | 19.2% | −1.3 pts | 20.5% | 17.2% |
| 10Y | 16.2% | +0.9 pts | 15.3% | 14.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.4% | −0.2 pts | -2.1% | -2.2% |
| 3M | -4.2% | −1.9 pts | -2.3% | -2.6% |
| 6M | 12.6% | −0.6 pts | 13.3% | 11.3% |
| 1Y | -2.2% | −7.9 pts | 5.7% | 0.7% |
| 2Y | -7.4% | −5.7 pts | -1.7% | -4.9% |
| 3Y | 14.1% | −2.0 pts | 16.0% | 12.1% |
| 5Y | 15.4% | −1.7 pts | 17.1% | 14.4% |
| 7Y | 18.9% | −1.1 pts | 19.9% | 16.9% |
| 10Y | 14.7% | −0.6 pts | 15.3% | 12.7% |
Since launch (14 Feb 2011): 10.6%
Calendar-year returns
Category average6.3%
64.8%
1.7%
50.3%
38.9%
-6.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -6.9% | −7.5 pts | 0.6% |
| 2024 | 38.9% | +10.0 pts | 29.0% |
| 2023 | 50.3% | +3.1 pts | 47.2% |
| 2022 | 1.7% | −9.0 pts | 10.6% |
| 2021 | 64.8% | +11.7 pts | 53.1% |
| 2020 | 6.3% | −3.7 pts | 9.9% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.25%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.83%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.38%
- Exit load
- Exit load of 0.5%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE India Infrastructure TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -0.49 | 5.72 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.81 | 0.67 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.48 | 0.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.75 | 1.15 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 23.02 | 20.08 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Bandhan Infrastructure Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.3%
- Debt0.0%
- Other1.7%
Market cap split
- Large49.6%
- Mid9.6%
- Small40.8%
- P/E
- 25.40
- P/B
- 2.89
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd. | Construction | 6.15% | ₹88.19 Cr | +5.99% | +6.31% | +4.61% |
| Kirloskar Brothers Ltd. | Capital Goods | 5.06% | ₹72.51 Cr | +4.48% | +4.42% | +5.22% |
| Reliance Industries Ltd. | Energy | 4.81% | ₹68.92 Cr | +4.74% | +4.87% | +3.81% |
| Interglobe Aviation Ltd. | Services | 3.96% | ₹56.76 Cr | +3.37% | +3.91% | +2.94% |
| Ultratech Cement Ltd. | Materials | 3.88% | ₹55.55 Cr | +3.63% | +4.21% | +3.90% |
| Bharti Airtel Ltd. | Communication | 3.80% | ₹54.52 Cr | +4.18% | +4.40% | +3.87% |
| Bharat Electronics Ltd. | Capital Goods | 3.79% | ₹54.24 Cr | +3.72% | +4.12% | +3.28% |
| GPT Infraprojects Ltd. | Construction | 3.66% | ₹52.38 Cr | +3.66% | +4.00% | +3.27% |
| Adani Ports and Special Economic Zone Ltd. | Services | 3.41% | ₹48.85 Cr | +3.85% | +3.07% | +2.97% |
| NTPC Ltd. | Energy | 3.36% | ₹48.15 Cr | +2.57% | +2.35% | +1.88% |
| Azad Engineering Ltd. | Capital Goods | 3.32% | ₹47.57 Cr | +2.29% | +2.05% | +1.73% |
| Adani Energy Solutions Ltd. | Energy | 3.08% | ₹44.18 Cr | +3.19% | +2.17% | +1.53% |
| PTC India Financial Services Ltd. | Financial | 2.34% | ₹33.51 Cr | +2.55% | +2.60% | +2.93% |
| PTC Industries Ltd. | Metals & Mining | 2.24% | ₹32.11 Cr | +1.57% | +1.78% | +1.79% |
| Fortis Healthcare Ltd. | Healthcare | 2.09% | ₹30.02 Cr | +2.09% | +2.17% | +1.56% |
| Centum Electronics Ltd. | Capital Goods | 2.07% | ₹29.70 Cr | +2.08% | +1.62% | +1.60% |
| NHPC Ltd. | Energy | 1.90% | ₹27.20 Cr | +1.60% | +1.56% | +1.47% |
| Ahluwalia Contracts (India) Ltd. | Construction | 1.87% | ₹26.82 Cr | +2.32% | +2.32% | +2.64% |
| Adani Enterprises Ltd. | Services | 1.80% | ₹25.73 Cr | — | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.68% | ₹24.12 Cr | +1.92% | +1.58% | +1.65% |
| ACME Solar Holdings Ltd. | Energy | 1.39% | ₹19.86 Cr | +1.03% | +0.97% | +0.87% |
| Tata Power Company Ltd. | Energy | 1.36% | ₹19.47 Cr | +1.00% | — | — |
| KEC International Ltd. | Capital Goods | 1.35% | ₹19.40 Cr | +1.60% | +1.91% | +2.57% |
| GAIL (India) Ltd. | Energy | 1.28% | ₹18.37 Cr | +1.19% | +1.34% | +1.07% |
| Tega Industries Ltd. | Metals & Mining | 1.28% | ₹18.31 Cr | +1.39% | +1.51% | +1.42% |
| 3M India Ltd. | Consumer Staples | 1.25% | ₹17.97 Cr | +1.32% | +1.52% | +1.01% |
| Torrent Power Ltd. | Energy | 1.21% | ₹17.29 Cr | +1.30% | +1.83% | +1.51% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.11% | ₹15.84 Cr | +1.11% | +1.16% | +1.15% |
| PNC Infratech Ltd. | Construction | 1.07% | ₹15.30 Cr | +1.14% | +1.29% | +1.87% |
| Carborundum Universal Ltd. | Metals & Mining | 1.01% | ₹14.48 Cr | +0.94% | +0.70% | +0.68% |
| Mahanagar Gas Ltd. | Energy | 0.98% | ₹13.98 Cr | +0.98% | +0.68% | +0.90% |
| Amara Raja Energy & Mobility Ltd | Capital Goods | 0.97% | ₹13.92 Cr | +0.67% | +0.80% | +0.96% |
| GMR Airports Ltd. | Construction | 0.97% | ₹13.97 Cr | +0.86% | +1.04% | +0.22% |
| H.G. Infra Engineering Ltd. | Construction | 0.94% | ₹13.41 Cr | +1.07% | +1.04% | +1.80% |
| Power Mech Projects Ltd. | Construction | 0.93% | ₹13.33 Cr | +0.96% | +0.97% | +1.29% |
| Solar Industries India Ltd. | Chemicals | 0.92% | ₹13.21 Cr | +0.84% | +0.63% | +0.52% |
| ISGEC Heavy Engineering Ltd. | Capital Goods | 0.90% | ₹12.93 Cr | +1.03% | +1.00% | +1.05% |
| Others | Others | 0.88% | ₹12.83 Cr | +0.65% | +3.40% | +0.25% |
| JSW Energy Ltd. | Capital Goods | 0.86% | ₹12.30 Cr | +0.94% | +1.20% | +1.12% |
| NCC Ltd. | Construction | 0.85% | ₹12.13 Cr | +0.85% | +0.81% | +1.02% |
| Adani Power Ltd. | Energy | 0.81% | ₹11.55 Cr | — | — | — |
| Indus Infra Trust | Construction | 0.78% | ₹11.22 Cr | — | — | — |
| Pace Digitek Ltd. | Communication | 0.78% | ₹11.11 Cr | +1.13% | +1.26% | — |
| Transport Corporation Of India Ltd. | Services | 0.78% | ₹11.21 Cr | +0.81% | +0.97% | +1.02% |
| Vedanta Ltd. | Metals & Mining | 0.72% | ₹10.34 Cr | +0.55% | +1.29% | +0.75% |
| Neogen Chemicals Ltd. | Chemicals | 0.69% | ₹9.93 Cr | +0.56% | +0.45% | +0.12% |
| Ambuja Cements Ltd. | Materials | 0.65% | ₹9.38 Cr | +0.72% | +0.82% | — |
| BlackBuck Ltd. | Services | 0.61% | ₹8.68 Cr | +0.52% | +0.60% | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.61% | ₹8.70 Cr | +0.19% | — | — |
| IRB Infrastructure Developers Ltd. | Construction | 0.60% | ₹8.57 Cr | +0.64% | +0.64% | — |
| Sundaram - Clayton Dcd Ltd. | Financial | 0.60% | ₹8.58 Cr | +0.59% | +0.64% | +0.70% |
| Gateway Distriparks Ltd. | Services | 0.59% | ₹8.52 Cr | +0.61% | +0.66% | +0.69% |
| Vedanta Power Ltd | Capital Goods | 0.59% | ₹8.42 Cr | +0.19% | — | — |
| JSW Steel Ltd. | Metals & Mining | 0.58% | ₹8.32 Cr | +0.56% | +0.57% | — |
| GPT Healthcare Ltd. | Healthcare | 0.55% | ₹7.82 Cr | +0.51% | +0.51% | +0.68% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.55% | ₹7.82 Cr | +0.90% | +1.01% | — |
| Kilburn Engineering Ltd. | Capital Goods | 0.53% | ₹7.65 Cr | +0.60% | +0.77% | — |
| Cummins India Ltd. | Capital Goods | 0.48% | ₹6.90 Cr | +0.97% | +0.82% | +0.60% |
| HEG Advanced Materials Ltd. | Capital Goods | 0.40% | ₹5.76 Cr | +0.19% | — | — |
| Siemens Energy India Ltd. | Energy | 0.39% | ₹5.60 Cr | +0.76% | +0.68% | +0.74% |
| ideaForge Technology Ltd. | Capital Goods | 0.35% | ₹5.00 Cr | — | — | — |
| Indo Tech Transformers Ltd. | Capital Goods | 0.34% | ₹4.91 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 0.33% | ₹4.78 Cr | +0.41% | +0.87% | +0.58% |
| KNR Constructions Ltd. | Construction | 0.26% | ₹3.66 Cr | +0.26% | +0.28% | +0.38% |
| Automotive Axles Ltd. | Automobile | 0.25% | ₹3.65 Cr | +0.22% | +0.23% | — |
| company:4908 | Energy | 0.20% | ₹2.85 Cr | — | — | — |
| company:5697 | Capital Goods | 0.15% | ₹2.11 Cr | — | — | — |
| GSPL Transmission Ltd. | Energy | 0.05% | ₹0.69 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Azad Engineering Ltd. | 2.57% | 3.32% | +0.75% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | 0.71% | 0.00% | -0.71% |
| Godrej Properties Ltd. | 0.66% | 0.00% | -0.66% |
| Bharti Airtel Ltd. | 4.41% | 3.80% | -0.61% |
| PTC Industries Ltd. | 1.72% | 2.24% | +0.52% |
| Ahluwalia Contracts (India) Ltd. | 2.38% | 1.87% | -0.51% |
| Larsen & Toubro Ltd. | 5.69% | 6.15% | +0.46% |
| Cummins India Ltd. | 0.88% | 0.48% | -0.40% |
| Bharat Electronics Ltd. | 3.42% | 3.79% | +0.37% |
| Adani Energy Solutions Ltd. | 3.42% | 3.08% | -0.34% |
| Ultratech Cement Ltd. | 3.55% | 3.88% | +0.33% |
| Vedanta Ltd. | 0.40% | 0.72% | +0.32% |
| PNC Infratech Ltd. | 1.35% | 1.07% | -0.28% |
| Kirloskar Brothers Ltd. | 4.78% | 5.06% | +0.28% |
| Jyoti CNC Automation Ltd. | 0.27% | 0.00% | -0.27% |
| Premier Energies Ltd. | 0.24% | 0.00% | -0.24% |
| Siemens Energy India Ltd. | 0.62% | 0.39% | -0.23% |
| company:4908 | 0.00% | 0.20% | +0.20% |
| ACME Solar Holdings Ltd. | 1.19% | 1.39% | +0.20% |
| Hindustan Zinc Ltd. | 0.75% | 0.55% | -0.20% |
| Adani Power Ltd. | 0.62% | 0.81% | +0.19% |
| company:5697 | 0.00% | 0.15% | +0.15% |
| Interglobe Aviation Ltd. | 3.81% | 3.96% | +0.15% |
| Tega Industries Ltd. | 1.15% | 1.28% | +0.13% |
| Torrent Power Ltd. | 1.34% | 1.21% | -0.13% |
| Adani Ports and Special Economic Zone Ltd. | 3.54% | 3.41% | -0.13% |
| Pace Digitek Ltd. | 0.90% | 0.78% | -0.12% |
| Hitachi Energy India Ltd. | 1.56% | 1.68% | +0.12% |
| Clean Science And Technology Ltd. | 0.11% | 0.00% | -0.11% |
| KEC International Ltd. | 1.46% | 1.35% | -0.11% |
| Reliance Industries Ltd. | 4.70% | 4.81% | +0.11% |
| Solar Industries India Ltd. | 0.82% | 0.92% | +0.10% |
| CG Power and Industrial Solutions Ltd. | 1.02% | 1.11% | +0.09% |
| Adani Enterprises Ltd. | 1.72% | 1.80% | +0.08% |
| GMR Airports Ltd. | 1.05% | 0.97% | -0.08% |
| GPT Infraprojects Ltd. | 3.74% | 3.66% | -0.08% |
| BlackBuck Ltd. | 0.54% | 0.61% | +0.07% |
| NCC Ltd. | 0.78% | 0.85% | +0.07% |
| Neogen Chemicals Ltd. | 0.62% | 0.69% | +0.07% |
| Carborundum Universal Ltd. | 0.95% | 1.01% | +0.06% |
| Sona BLW Precision Forgings Ltd. | 0.55% | 0.61% | +0.06% |
| Tata Power Company Ltd. | 1.42% | 1.36% | -0.06% |
| HEG Advanced Materials Ltd. | 0.35% | 0.40% | +0.05% |
| Sundaram - Clayton Dcd Ltd. | 0.55% | 0.60% | +0.05% |
| PTC India Financial Services Ltd. | 2.29% | 2.34% | +0.05% |
| H.G. Infra Engineering Ltd. | 0.98% | 0.94% | -0.04% |
| Indus Infra Trust | 0.74% | 0.78% | +0.04% |
| NTPC Ltd. | 3.40% | 3.36% | -0.04% |
| GPT Healthcare Ltd. | 0.59% | 0.55% | -0.04% |
| JSW Steel Ltd. | 0.54% | 0.58% | +0.04% |
| NHPC Ltd. | 1.86% | 1.90% | +0.04% |
| Ambuja Cements Ltd. | 0.68% | 0.65% | -0.03% |
| Gateway Distriparks Ltd. | 0.62% | 0.59% | -0.03% |
| Indo Tech Transformers Ltd. | 0.31% | 0.34% | +0.03% |
| Siemens Ltd. | 0.30% | 0.33% | +0.03% |
| Transport Corporation Of India Ltd. | 0.81% | 0.78% | -0.03% |
| Vedanta Power Ltd | 0.56% | 0.59% | +0.03% |
| 3M India Ltd. | 1.27% | 1.25% | -0.02% |
| ideaForge Technology Ltd. | 0.37% | 0.35% | -0.02% |
| Amara Raja Energy & Mobility Ltd | 0.96% | 0.97% | +0.01% |
| Automotive Axles Ltd. | 0.24% | 0.25% | +0.01% |
| JSW Energy Ltd. | 0.87% | 0.86% | -0.01% |
| KNR Constructions Ltd. | 0.25% | 0.26% | +0.01% |
| Mahanagar Gas Ltd. | 0.99% | 0.98% | -0.01% |
| Others | 0.27% | 0.28% | +0.01% |
| Power Mech Projects Ltd. | 0.92% | 0.93% | +0.01% |
| Centum Electronics Ltd. | 2.06% | 2.07% | +0.01% |
| Fortis Healthcare Ltd. | 2.08% | 2.09% | +0.01% |
| GAIL (India) Ltd. | 1.28% | 1.28% | 0.00% |
| GSPL Transmission Ltd. | 0.05% | 0.05% | 0.00% |
| IRB Infrastructure Developers Ltd. | 0.60% | 0.60% | 0.00% |
| ISGEC Heavy Engineering Ltd. | 0.90% | 0.90% | 0.00% |
| Kilburn Engineering Ltd. | 0.53% | 0.53% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,543 Cr | 2.32% | 11.8% | 11.4% | 19.2% |
 Nippon India Power & Infra Fund | ₹8,137 Cr | 1.95% | 9.2% | 9.0% | 18.9% |
 DSP India T.I.G.E.R. Fund | ₹6,467 Cr | 2.03% | 15.4% | 12.1% | 20.0% |
 LIC MF Infrastructure Fund | ₹1,174 Cr | 2.67% | 14.5% | 13.3% | 20.7% |
 Canara Robeco Infrastructure Fund | ₹987 Cr | 2.38% | -0.5% | 7.3% | 16.0% |
 Bank of India Manufacturing & Infrastructure Fund | ₹949 Cr | 2.57% | 20.4% | 15.4% | 20.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities.
Fund managers
- Vishal BiraiaMr. Biraia has done B.E and CFAPrior to joining Bandhan Mutual Fund, he has worked with Max Life Insurance Company Ltd, Aviva India, Antique Stock Broking Ltd, Emkay Global Financial Services Ltd and Batlivala & Karani Securities India Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months12.62% absolute | ₹60,000 | ₹67,572 | 12.62% | |
| 1 year−2.17% annualised | ₹1,20,000 | ₹1,18,599 | −1.17% | |
| 3 years14.08% annualised | ₹3,60,000 | ₹4,49,996 | 25.00% | |
| 5 years15.42% annualised | ₹6,00,000 | ₹9,07,494 | 51.25% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Bandhan Infrastructure Fund?
The NAV of Bandhan Infrastructure Fund is ₹48.00 as on 25 Sep 2026.
What is the expense ratio of Bandhan Infrastructure Fund?
The expense ratio of Bandhan Infrastructure Fund is 2.25% per year.
What is the minimum SIP amount for Bandhan Infrastructure Fund?
You can start a SIP in Bandhan Infrastructure Fund with ₹3,000 a month.
What returns has Bandhan Infrastructure Fund given?
Bandhan Infrastructure Fund has returned -0.2% over 1 year, 2.6% over 3 years and 13.7% over 5 years (annualised).
Is there a lock-in or exit load on Bandhan Infrastructure Fund?
Lock-in: None. Exit load: Exit load of 0.5%, if redeemed within 30 days..
How risky is Bandhan Infrastructure Fund?
Bandhan Infrastructure Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Infrastructure category.
Which fund house manages Bandhan Infrastructure Fund?
Bandhan Infrastructure Fund is managed by Bandhan Mutual Fund, which runs 70 schemes with ₹2,06,009 Cr under management.