HDFC Infrastructure Fund
Sectoral-InfrastructureVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹46.15+0.11%1 day
- Return since launch
- 9.2%
- 52-week range
- ₹41.91 — ₹49.08
- AUM
- ₹2,325 Cr
HDFC Infrastructure Fund is a Sectoral-Infrastructure equity fund from HDFC Mutual Fund with ₹2,325 Cr under management, launched in 2008. Over three years it has returned 3.1% a year, against 16.0% for its category. The expense ratio is 2.22% and the SEBI riskometer reading is Very High.
Performance
HDFC Infrastructure Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.0% 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 | -3.0% | −8.7 pts | 5.7% | 0.9% |
| 2Y | -0.3% | −5.9 pts | 5.6% | 1.3% |
| 3Y | 3.1% | −12.9 pts | 16.0% | 3.6% |
| 5Y | 15.2% | −2.0 pts | 17.1% | 12.7% |
| 7Y | 19.9% | −0.6 pts | 20.5% | 17.2% |
| 10Y | 15.2% | −0.1 pts | 15.3% | 14.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.7% | +0.5 pts | -2.1% | -2.3% |
| 3M | -3.7% | −1.4 pts | -2.3% | -2.6% |
| 6M | 8.1% | −5.2 pts | 13.3% | 11.3% |
| 1Y | -2.0% | −7.7 pts | 5.7% | 0.7% |
| 2Y | -4.1% | −2.4 pts | -1.7% | -4.8% |
| 3Y | 13.3% | −2.7 pts | 16.0% | 12.3% |
| 5Y | 18.2% | +1.1 pts | 17.1% | 14.4% |
| 7Y | 17.0% | −2.9 pts | 19.9% | 16.8% |
| 10Y | 10.7% | −4.6 pts | 15.3% | 12.7% |
Since launch (8 Jan 2008): 9.2%
Calendar-year returns
Category average-7.5%
43.2%
19.3%
55.4%
22.8%
2.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.2% | +1.6 pts | 0.6% |
| 2024 | 22.8% | −6.2 pts | 29.0% |
| 2023 | 55.4% | +8.2 pts | 47.2% |
| 2022 | 19.3% | +8.7 pts | 10.6% |
| 2021 | 43.2% | −10.0 pts | 53.1% |
| 2020 | -7.5% | −17.4 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
2.20%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.73%
- Brokerage
- 0.04%
- Transaction charges
- 0.01%
- Statutory levies
- 0.42%
- Exit load
- Exit load of 1%, 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 | 0.34 | 5.49 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.62 | 0.70 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.52 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.80 | 1.10 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.74 | 20.89 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Infrastructure Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.3%
- Other2.7%
Market cap split
- Large51.5%
- Mid9.8%
- Small38.6%
- P/E
- 19.31
- P/B
- 2.57
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd. | Construction | 7.33% | ₹170 Cr | +7.17% | +7.14% | +5.51% |
| Interglobe Aviation Ltd. | Services | 4.42% | ₹103 Cr | +3.06% | +3.00% | +3.41% |
| Kalpataru Projects International Ltd. | Capital Goods | 4.32% | ₹100 Cr | +4.13% | +3.99% | +3.81% |
| ICICI Bank Ltd. | Financial | 3.91% | ₹90.88 Cr | +4.44% | +6.27% | +7.32% |
| NTPC Ltd. | Energy | 3.31% | ₹76.94 Cr | +3.80% | +3.48% | +2.90% |
| Adani Ports and Special Economic Zone Ltd. | Services | 2.95% | ₹68.50 Cr | +2.79% | +1.89% | +1.59% |
| J Kumar Infraprojects Ltd. | Construction | 2.95% | ₹68.62 Cr | +2.94% | +3.06% | +3.48% |
| TD Power Systems Ltd. | Capital Goods | 2.81% | ₹65.27 Cr | +2.89% | +2.24% | +1.21% |
| Power Grid Corporation Of India Ltd. | Energy | 2.49% | ₹57.98 Cr | +2.91% | +1.98% | +1.77% |
| GR Infraprojects Ltd. | Construction | 2.15% | ₹49.94 Cr | +2.14% | +2.24% | +2.37% |
| Power Finance Corporation Ltd. | Financial | 1.99% | ₹46.24 Cr | +1.66% | +1.33% | +1.07% |
| Adani Power Ltd. | Energy | 1.76% | ₹40.96 Cr | +0.78% | — | — |
| HDFC Bank Ltd. | Financial | 1.68% | ₹39.00 Cr | +1.87% | +5.14% | +5.36% |
| JSW Infrastructure Ltd. | Services | 1.68% | ₹39.16 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | 1.65% | ₹38.31 Cr | +2.82% | +2.88% | +2.73% |
| State Bank of India | Financial | 1.59% | ₹37.03 Cr | +1.69% | +3.50% | +2.28% |
| Prestige Estates Projects Ltd. | Construction | 1.58% | ₹36.69 Cr | +1.20% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.55% | ₹36.01 Cr | +1.35% | +0.97% | +1.40% |
| Bharat Electronics Ltd. | Capital Goods | 1.54% | ₹35.85 Cr | +1.48% | +0.92% | +0.74% |
| NCC Ltd. | Construction | 1.50% | ₹34.87 Cr | +1.49% | +1.48% | +1.65% |
| Voltamp Transformers Ltd. | Capital Goods | 1.49% | ₹34.56 Cr | +1.26% | +0.93% | +0.78% |
| Delhivery Ltd. | Services | 1.48% | ₹34.43 Cr | +1.51% | +1.43% | +1.51% |
| Ambuja Cements Ltd. | Materials | 1.47% | ₹34.10 Cr | +1.78% | +2.07% | +2.04% |
| Container Corporation Of India Ltd. | Services | 1.44% | ₹33.41 Cr | +1.07% | — | — |
| Nexus Select Trust | Construction | 1.44% | ₹33.56 Cr | +1.30% | +1.34% | +1.19% |
| Coal India Ltd. | Materials | 1.32% | ₹30.73 Cr | +2.49% | +2.49% | +2.11% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.30% | ₹30.13 Cr | +1.44% | — | — |
| AIA Engineering Ltd. | Metals & Mining | 1.24% | ₹28.88 Cr | +1.28% | +1.08% | +0.83% |
| Birla Corporation Ltd. | Materials | 1.24% | ₹28.89 Cr | +1.46% | +1.45% | +1.42% |
| Centum Electronics Ltd. | Capital Goods | 1.23% | ₹28.63 Cr | +1.45% | +1.09% | +1.10% |
| Bharti Airtel Ltd. | Communication | 1.20% | ₹27.90 Cr | +2.14% | +2.72% | +2.66% |
| Gujarat Pipavav Port Ltd. | Services | 1.20% | ₹27.84 Cr | +1.09% | +1.22% | +1.06% |
| GAIL (India) Ltd. | Energy | 1.11% | ₹25.74 Cr | +1.00% | +0.53% | — |
| Tata Power Company Ltd. | Energy | 1.08% | ₹25.16 Cr | +1.10% | — | — |
| Blue Dart Express Ltd. | Services | 1.06% | ₹24.62 Cr | +0.99% | +1.18% | +1.13% |
| ABB India Ltd. | Capital Goods | 1.05% | ₹24.44 Cr | +0.97% | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.05% | ₹24.49 Cr | +0.95% | +0.61% | — |
| Tata Steel Ltd. | Metals & Mining | 1.05% | ₹24.52 Cr | +2.17% | +2.20% | +1.56% |
| Ceigall India Ltd. | Construction | 1.03% | ₹23.89 Cr | +1.02% | +0.82% | +0.69% |
| JSW Cement Ltd. | Materials | 1.00% | ₹23.21 Cr | — | — | — |
| Aavas Financiers Ltd. | Financial | 0.98% | ₹22.67 Cr | +1.01% | +0.52% | — |
| Titagarh Rail Systems Ltd. | Automobile | 0.97% | ₹22.50 Cr | +0.95% | +0.80% | +0.73% |
| Adani Enterprises Ltd. | Services | 0.96% | ₹22.31 Cr | — | — | — |
| Power Mech Projects Ltd. | Construction | 0.96% | ₹22.30 Cr | +0.91% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.92% | ₹21.47 Cr | — | — | — |
| Adani Green Energy Ltd. | Capital Goods | 0.88% | ₹20.49 Cr | — | — | — |
| Ahluwalia Contracts (India) Ltd. | Construction | 0.87% | ₹20.20 Cr | +0.98% | +0.88% | +0.43% |
| GE Vernova T&D India Ltd | Capital Goods | 0.86% | ₹20.00 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 0.84% | ₹19.47 Cr | +0.82% | — | — |
| company:9161 | Construction | 0.84% | ₹19.48 Cr | — | — | — |
| Can Fin Homes Ltd. | Financial | 0.78% | ₹18.18 Cr | +0.83% | +0.83% | +0.69% |
| Others | Others | 0.74% | ₹17.16 Cr | -0.24% | -0.12% | -0.22% |
| Dynamatic Technologies Ltd. | Automobile | 0.71% | ₹16.52 Cr | +0.72% | +0.75% | +0.47% |
| Powerica Ltd. | Capital Goods | 0.70% | ₹16.34 Cr | +0.40% | — | — |
| Premier Explosives Ltd. | Chemicals | 0.69% | ₹16.13 Cr | +0.87% | +0.67% | +0.61% |
| JSW Steel Ltd. | Metals & Mining | 0.68% | ₹15.69 Cr | — | — | — |
| Timken India Ltd. | Capital Goods | 0.68% | ₹15.75 Cr | +0.76% | +0.72% | +0.58% |
| Gateway Distriparks Ltd. | Services | 0.66% | ₹15.25 Cr | +0.69% | +0.72% | +0.78% |
| Sterling and Wilson Renewable Energy Ltd. | Capital Goods | 0.66% | ₹15.41 Cr | — | — | — |
| company:20835 | Capital Goods | 0.64% | ₹14.98 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.63% | ₹14.65 Cr | +1.24% | +1.37% | +1.22% |
| ACME Solar Holdings Ltd. | Energy | 0.60% | ₹14.06 Cr | — | — | — |
| Escorts Kubota Ltd. | Automobile | 0.55% | ₹12.78 Cr | +0.98% | +1.53% | +1.51% |
| Gujarat Energy Ltd. | Energy | 0.55% | ₹12.77 Cr | +1.03% | — | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 0.54% | ₹12.52 Cr | +0.47% | — | — |
| JSW Energy Ltd. | Capital Goods | 0.54% | ₹12.61 Cr | — | — | — |
| The Anup Engineering Ltd. | Capital Goods | 0.54% | ₹12.55 Cr | +0.54% | +0.45% | +0.62% |
| Embassy Office Parks REIT | Construction | 0.53% | ₹12.28 Cr | +1.12% | +1.23% | +1.09% |
| Global Health Ltd. | Healthcare | 0.50% | ₹11.57 Cr | — | — | — |
| Indraprastha Gas Ltd. | Energy | 0.48% | ₹11.17 Cr | +1.01% | +1.13% | +1.33% |
| Oberoi Realty Ltd. | Construction | 0.40% | ₹9.34 Cr | +0.36% | +0.31% | — |
| WeWork India Management Ltd. | Services | 0.19% | ₹4.31 Cr | +0.23% | +0.19% | — |
| company:5922 | Construction | 0.16% | ₹3.75 Cr | — | — | — |
| GSPL Transmission Ltd. | Energy | 0.13% | ₹3.08 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:9161 | 0.00% | 0.84% | +0.84% |
| company:20835 | 0.00% | 0.64% | +0.64% |
| TD Power Systems Ltd. | 2.21% | 2.81% | +0.60% |
| Ashoka Buildcon Ltd. | 0.47% | 0.00% | -0.47% |
| Power Finance Corporation Ltd. | 2.46% | 1.99% | -0.47% |
| Power Grid Corporation Of India Ltd. | 2.87% | 2.49% | -0.38% |
| Larsen & Toubro Ltd. | 6.98% | 7.33% | +0.35% |
| Kalpataru Projects International Ltd. | 4.00% | 4.32% | +0.32% |
| Hindalco Industries Ltd. | 0.92% | 0.63% | -0.29% |
| CESC Ltd. | 0.28% | 0.00% | -0.28% |
| Escorts Kubota Ltd. | 0.83% | 0.55% | -0.28% |
| Coal India Ltd. | 1.51% | 1.32% | -0.19% |
| JSW Infrastructure Ltd. | 1.51% | 1.68% | +0.17% |
| Tata Steel Ltd. | 1.22% | 1.05% | -0.17% |
| Voltamp Transformers Ltd. | 1.32% | 1.49% | +0.17% |
| company:5922 | 0.00% | 0.16% | +0.16% |
| Gujarat Energy Ltd. | 0.71% | 0.55% | -0.16% |
| Ahluwalia Contracts (India) Ltd. | 1.02% | 0.87% | -0.15% |
| Gujarat Pipavav Port Ltd. | 1.05% | 1.20% | +0.15% |
| Delhivery Ltd. | 1.62% | 1.48% | -0.14% |
| Interglobe Aviation Ltd. | 4.28% | 4.42% | +0.14% |
| Bharat Electronics Ltd. | 1.41% | 1.54% | +0.13% |
| NTPC Ltd. | 3.44% | 3.31% | -0.13% |
| Adani Ports and Special Economic Zone Ltd. | 3.07% | 2.95% | -0.12% |
| J Kumar Infraprojects Ltd. | 2.84% | 2.95% | +0.11% |
| Others | 0.40% | 0.29% | -0.11% |
| Dynamatic Technologies Ltd. | 0.60% | 0.71% | +0.11% |
| ICICI Bank Ltd. | 4.02% | 3.91% | -0.11% |
| NCC Ltd. | 1.40% | 1.50% | +0.10% |
| Adani Green Energy Ltd. | 0.98% | 0.88% | -0.10% |
| The Anup Engineering Ltd. | 0.64% | 0.54% | -0.10% |
| WeWork India Management Ltd. | 0.29% | 0.19% | -0.10% |
| Adani Power Ltd. | 1.84% | 1.76% | -0.08% |
| Ambuja Cements Ltd. | 1.55% | 1.47% | -0.08% |
| Bharti Airtel Ltd. | 1.28% | 1.20% | -0.08% |
| Diamond Power Infrastructure Ltd. | 0.84% | 0.92% | +0.08% |
| Hindustan Aeronautics Ltd. | 1.47% | 1.55% | +0.08% |
| Sterling and Wilson Renewable Energy Ltd. | 0.58% | 0.66% | +0.08% |
| Tata Power Company Ltd. | 1.16% | 1.08% | -0.08% |
| ABB India Ltd. | 0.98% | 1.05% | +0.07% |
| AIA Engineering Ltd. | 1.31% | 1.24% | -0.07% |
| ACME Solar Holdings Ltd. | 0.53% | 0.60% | +0.07% |
| Aavas Financiers Ltd. | 1.03% | 0.98% | -0.05% |
| HDFC Bank Ltd. | 1.73% | 1.68% | -0.05% |
| Prestige Estates Projects Ltd. | 1.53% | 1.58% | +0.05% |
| GE Vernova T&D India Ltd | 0.82% | 0.86% | +0.04% |
| JSW Steel Ltd. | 0.64% | 0.68% | +0.04% |
| Max Healthcare Institute Ltd. | 1.09% | 1.05% | -0.04% |
| Global Health Ltd. | 0.46% | 0.50% | +0.04% |
| Adani Enterprises Ltd. | 0.99% | 0.96% | -0.03% |
| Blue Dart Express Ltd. | 1.09% | 1.06% | -0.03% |
| Nexus Select Trust | 1.41% | 1.44% | +0.03% |
| Oil And Natural Gas Corporation Ltd. | 1.33% | 1.30% | -0.03% |
| Gateway Distriparks Ltd. | 0.69% | 0.66% | -0.03% |
| JSW Energy Ltd. | 0.57% | 0.54% | -0.03% |
| GR Infraprojects Ltd. | 2.12% | 2.15% | +0.03% |
| Ceigall India Ltd. | 1.01% | 1.03% | +0.02% |
| Clean Max Enviro Energy Solutions Ltd. | 0.56% | 0.54% | -0.02% |
| JSW Cement Ltd. | 0.98% | 1.00% | +0.02% |
| Oberoi Realty Ltd. | 0.38% | 0.40% | +0.02% |
| Power Mech Projects Ltd. | 0.94% | 0.96% | +0.02% |
| Timken India Ltd. | 0.66% | 0.68% | +0.02% |
| Can Fin Homes Ltd. | 0.79% | 0.78% | -0.01% |
| Centum Electronics Ltd. | 1.24% | 1.23% | -0.01% |
| Embassy Office Parks REIT | 0.52% | 0.53% | +0.01% |
| Indraprastha Gas Ltd. | 0.47% | 0.48% | +0.01% |
| State Bank of India | 1.60% | 1.59% | -0.01% |
| Titagarh Rail Systems Ltd. | 0.96% | 0.97% | +0.01% |
| Ultratech Cement Ltd. | 0.85% | 0.84% | -0.01% |
| Premier Explosives Ltd. | 0.68% | 0.69% | +0.01% |
| Birla Corporation Ltd. | 1.24% | 1.24% | 0.00% |
| Container Corporation Of India Ltd. | 1.44% | 1.44% | 0.00% |
| GAIL (India) Ltd. | 1.11% | 1.11% | 0.00% |
| GSPL Transmission Ltd. | 0.13% | 0.13% | 0.00% |
| Powerica Ltd. | 0.70% | 0.70% | 0.00% |
| Reliance Industries Ltd. | 1.65% | 1.65% | 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 | ₹3,655 Cr | 2.32% | 14.0% | 11.7% | 19.4% |
 Nippon India Power & Infra Fund | ₹8,137 Cr | 1.95% | 9.1% | 9.1% | 18.9% |
 DSP India T.I.G.E.R. Fund | ₹6,467 Cr | 2.03% | 15.1% | 12.2% | 20.0% |
 Invesco India Infrastructure Fund | ₹1,548 Cr | 2.41% | 11.2% | 8.4% | 16.6% |
 LIC MF Infrastructure Fund | ₹1,174 Cr | 2.66% | 14.4% | 13.4% | 20.7% |
 Bank of India Manufacturing & Infrastructure Fund | ₹949 Cr | 2.57% | 20.1% | 15.6% | 20.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to invest predominantly in a diversified portfolio of equity and equity related securities of companies which are either engaged in or expected to benefit from the growth and development of infrastructure. The scheme may also invest upto 35% of the fund in non-infrastructure related companies. The scheme shall invest across all market capitalization.
Fund managers
- Amar KalkundrikarMr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School.Prior to joining HDFC Asset Management Company Limited, he has worked with Nippon India Mutual Fund, and HDFC AMC. He worked with multiple roles at HDFC MF.
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 months8.08% absolute | ₹60,000 | ₹64,848 | 8.08% | |
| 1 year−1.96% annualised | ₹1,20,000 | ₹1,18,734 | −1.06% | |
| 3 years13.31% annualised | ₹3,60,000 | ₹4,44,401 | 23.44% | |
| 5 years18.21% annualised | ₹6,00,000 | ₹9,82,478 | 63.75% |
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 HDFC Infrastructure Fund?
The NAV of HDFC Infrastructure Fund is ₹46.15 as on 25 Sep 2026.
What is the expense ratio of HDFC Infrastructure Fund?
The expense ratio of HDFC Infrastructure Fund is 2.22% per year.
What is the minimum SIP amount for HDFC Infrastructure Fund?
You can start a SIP in HDFC Infrastructure Fund with ₹3,000 a month.
What returns has HDFC Infrastructure Fund given?
HDFC Infrastructure Fund has returned -3.0% over 1 year, 3.1% over 3 years and 15.2% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Infrastructure Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 30 days..
How risky is HDFC Infrastructure Fund?
HDFC Infrastructure Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Infrastructure category.
Which fund house manages HDFC Infrastructure Fund?
HDFC Infrastructure Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.