HDFC Infrastructure Fund
Sectoral-InfrastructureVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹45.670.00%1 day
- Return since launch
- 9.0%
- 52-week range
- ₹41.91 — ₹48.76
- AUM
- ₹2,251 Cr
HDFC Infrastructure Fund is a Sectoral-Infrastructure equity fund from HDFC Mutual Fund with ₹2,251 Cr under management, launched in 2008. Over three years it has returned 1.4% a year, against 15.1% 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 -5.3% 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 | -3.2% | −6.0 pts | 2.8% | 2.7% |
| 2Y | -0.7% | −5.6 pts | 4.9% | 2.2% |
| 3Y | 1.4% | −13.8 pts | 15.1% | 2.8% |
| 5Y | 13.4% | −1.9 pts | 15.4% | 11.7% |
| 7Y | 18.8% | −0.4 pts | 19.3% | 16.4% |
| 10Y | 14.7% | −0.6 pts | 15.2% | 14.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.3% | +0.4 pts | 0.9% | 4.2% |
| 3M | -3.7% | 0.0 pts | -3.7% | -2.8% |
| 6M | -5.1% | −2.2 pts | -2.9% | -0.9% |
| 1Y | -5.3% | −8.1 pts | 2.8% | -0.7% |
| 2Y | -2.5% | −2.9 pts | 0.4% | -1.0% |
| 3Y | 11.9% | −3.2 pts | 15.1% | 12.0% |
| 5Y | 16.6% | +1.3 pts | 15.4% | 13.1% |
| 7Y | 16.5% | −3.1 pts | 19.6% | 16.9% |
| 10Y | 10.7% | −4.5 pts | 15.2% | 12.9% |
Since launch (8 Jan 2008): 9.0%
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 4 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.74%
- Brokerage
- 0.04%
- Transaction charges
- 0.01%
- Statutory levies
- 0.41%
- 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 | -0.76 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.64 | 0.68 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.35 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.57 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.10 | 20.18 | 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 30 Sep 2026
Asset allocation
- Equity97.3%
- Other2.7%
Market cap split
- Large50.7%
- Mid9.3%
- Small40.0%
- P/E
- 18.75
- P/B
- 2.47
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Larsen & Toubro Ltd. | Construction | 7.03% | ₹158 Cr | +7.14% | +7.09% | +5.51% |
| Kalpataru Projects International Ltd. | Capital Goods | 4.40% | ₹98.99 Cr | +4.13% | +3.86% | +3.77% |
| Interglobe Aviation Ltd. | Services | 4.35% | ₹97.87 Cr | +4.31% | +2.53% | +3.33% |
| ICICI Bank Ltd. | Financial | 3.49% | ₹78.64 Cr | +4.36% | +6.22% | +5.88% |
| Adani Ports and Special Economic Zone Ltd. | Services | 3.44% | ₹77.33 Cr | +3.04% | +2.03% | +1.67% |
| NTPC Ltd. | Energy | 3.23% | ₹72.62 Cr | +3.43% | +3.91% | +2.97% |
| J Kumar Infraprojects Ltd. | Construction | 2.88% | ₹64.86 Cr | +2.82% | +2.81% | +3.54% |
| TD Power Systems Ltd. | Capital Goods | 2.51% | ₹56.60 Cr | +2.56% | +2.40% | +1.41% |
| Power Grid Corporation Of India Ltd. | Energy | 2.12% | ₹47.67 Cr | +2.81% | +3.33% | +1.78% |
| GR Infraprojects Ltd. | Construction | 1.99% | ₹44.83 Cr | +2.14% | +2.13% | +2.28% |
| Adani Power Ltd. | Energy | 1.88% | ₹42.20 Cr | +1.89% | — | — |
| Power Finance Corporation Ltd. | Financial | 1.87% | ₹41.99 Cr | +2.39% | +1.38% | +1.14% |
| JSW Infrastructure Ltd. | Services | 1.82% | ₹41.07 Cr | +1.52% | — | — |
| HDFC Bank Ltd. | Financial | 1.73% | ₹38.98 Cr | +1.96% | +2.06% | +5.28% |
| Centum Electronics Ltd. | Capital Goods | 1.65% | ₹37.20 Cr | +1.54% | +1.29% | +1.05% |
| Bharat Electronics Ltd. | Capital Goods | 1.62% | ₹36.50 Cr | +1.46% | +1.13% | +0.80% |
| Reliance Industries Ltd. | Energy | 1.58% | ₹35.61 Cr | +2.17% | +3.34% | +2.70% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.56% | ₹35.01 Cr | +1.34% | +1.23% | +1.51% |
| Nexus Select Trust | Construction | 1.49% | ₹33.46 Cr | +1.34% | +1.41% | +1.31% |
| State Bank of India | Financial | 1.49% | ₹33.52 Cr | +1.76% | +2.27% | +2.44% |
| Prestige Estates Projects Ltd. | Construction | 1.48% | ₹33.29 Cr | +1.44% | — | — |
| Voltamp Transformers Ltd. | Capital Goods | 1.48% | ₹33.27 Cr | +1.35% | +1.01% | +0.71% |
| Coal India Ltd. | Materials | 1.44% | ₹32.51 Cr | +2.18% | +2.96% | +2.16% |
| Ambuja Cements Ltd. | Materials | 1.41% | ₹31.79 Cr | +1.64% | +1.88% | +2.26% |
| Delhivery Ltd. | Services | 1.37% | ₹30.92 Cr | +1.55% | +1.56% | +1.43% |
| NCC Ltd. | Construction | 1.35% | ₹30.29 Cr | +1.42% | +1.44% | +1.65% |
| Container Corporation Of India Ltd. | Services | 1.30% | ₹29.20 Cr | +1.07% | — | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.30% | ₹29.35 Cr | +1.25% | +1.47% | — |
| Birla Corporation Ltd. | Materials | 1.24% | ₹27.81 Cr | +1.41% | +1.37% | +1.36% |
| Gujarat Pipavav Port Ltd. | Services | 1.23% | ₹27.70 Cr | +1.03% | +1.11% | +1.11% |
| Others | Others | 1.21% | ₹27.68 Cr | -0.34% | -1.14% | -0.18% |
| Bharti Airtel Ltd. | Communication | 1.20% | ₹27.06 Cr | +1.77% | +2.93% | +2.61% |
| AIA Engineering Ltd. | Metals & Mining | 1.17% | ₹26.25 Cr | +1.41% | +1.16% | +0.82% |
| Tata Power Company Ltd. | Energy | 1.16% | ₹26.03 Cr | +1.14% | — | — |
| Ceigall India Ltd. | Construction | 1.11% | ₹24.88 Cr | +1.12% | +0.89% | +0.73% |
| GAIL (India) Ltd. | Energy | 1.10% | ₹24.73 Cr | +1.03% | +0.94% | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 1.08% | ₹24.35 Cr | +0.56% | — | — |
| Blue Dart Express Ltd. | Services | 1.03% | ₹23.15 Cr | +1.00% | +1.11% | +1.13% |
| Adani Enterprises Ltd. | Services | 1.01% | ₹22.66 Cr | — | — | — |
| Titagarh Rail Systems Ltd. | Automobile | 1.00% | ₹22.50 Cr | +0.99% | +0.74% | +0.76% |
| Power Mech Projects Ltd. | Construction | 0.98% | ₹22.03 Cr | +0.98% | — | — |
| Aavas Financiers Ltd. | Financial | 0.97% | ₹21.79 Cr | +1.12% | +0.62% | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.97% | ₹21.90 Cr | — | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 0.97% | ₹21.85 Cr | +1.09% | +1.06% | — |
| ABB India Ltd. | Capital Goods | 0.96% | ₹21.68 Cr | +0.92% | — | — |
| Adani Green Energy Ltd. | Capital Goods | 0.96% | ₹21.55 Cr | +1.03% | — | — |
| Brigade Enterprises Ltd. | Construction | 0.95% | ₹21.29 Cr | — | — | — |
| JSW Cement Ltd. | Materials | 0.93% | ₹20.88 Cr | +0.62% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 0.84% | ₹18.90 Cr | — | — | — |
| Powerica Ltd. | Capital Goods | 0.84% | ₹18.91 Cr | +0.79% | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.84% | ₹18.98 Cr | +1.92% | +2.25% | +1.67% |
| Lumino Industries Ltd. | Capital Goods | 0.83% | ₹18.72 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 0.83% | ₹18.63 Cr | +0.78% | +0.25% | — |
| Ahluwalia Contracts (India) Ltd. | Construction | 0.80% | ₹17.95 Cr | +1.03% | +0.90% | +0.46% |
| Premier Explosives Ltd. | Chemicals | 0.74% | ₹16.65 Cr | +0.80% | +0.54% | +0.67% |
| Can Fin Homes Ltd. | Financial | 0.73% | ₹16.44 Cr | +0.81% | +0.89% | +0.72% |
| Elecon Engineering Company Ltd. | Capital Goods | 0.71% | ₹15.92 Cr | — | — | — |
| Timken India Ltd. | Capital Goods | 0.70% | ₹15.68 Cr | +0.71% | +0.76% | +0.60% |
| Glass Wall Systems (India) Ltd. | Construction | 0.69% | ₹15.50 Cr | — | — | — |
| ACME Solar Holdings Ltd. | Energy | 0.68% | ₹15.35 Cr | +0.54% | — | — |
| JSW Steel Ltd. | Metals & Mining | 0.67% | ₹15.04 Cr | — | — | — |
| Gateway Distriparks Ltd. | Services | 0.66% | ₹14.75 Cr | +0.69% | +0.70% | +0.73% |
| Sterling and Wilson Renewable Energy Ltd. | Capital Goods | 0.62% | ₹13.93 Cr | +0.10% | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.60% | ₹13.59 Cr | +0.88% | +1.49% | +1.30% |
| JSW Energy Ltd. | Capital Goods | 0.53% | ₹11.99 Cr | +0.34% | — | — |
| GMR Airports Ltd. | Construction | 0.51% | ₹11.42 Cr | — | — | — |
| The Anup Engineering Ltd. | Capital Goods | 0.50% | ₹11.17 Cr | +0.67% | +0.53% | +0.65% |
| Indraprastha Gas Ltd. | Energy | 0.48% | ₹10.81 Cr | +0.96% | +1.09% | +1.32% |
| Cummins India Ltd. | Capital Goods | 0.47% | ₹10.47 Cr | — | — | — |
| Global Health Ltd. | Healthcare | 0.47% | ₹10.67 Cr | +0.42% | — | — |
| Oberoi Realty Ltd. | Construction | 0.39% | ₹8.83 Cr | +0.36% | +0.33% | — |
| HEG Advanced Materials Ltd. | Capital Goods | 0.26% | ₹5.94 Cr | — | — | — |
| GSPL Transmission Ltd. | Energy | 0.12% | ₹2.67 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Dynamatic Technologies Ltd. | 0.71% | 0.00% | -0.71% |
| Elecon Engineering Company Ltd. | 0.00% | 0.71% | +0.71% |
| Glass Wall Systems (India) Ltd. | 0.00% | 0.69% | +0.69% |
| Escorts Kubota Ltd. | 0.55% | 0.00% | -0.55% |
| Gujarat Energy Ltd. | 0.55% | 0.00% | -0.55% |
| Clean Max Enviro Energy Solutions Ltd. | 0.54% | 1.08% | +0.54% |
| company:15589 | 0.53% | 0.00% | -0.53% |
| Adani Ports and Special Economic Zone Ltd. | 2.95% | 3.44% | +0.49% |
| Cummins India Ltd. | 0.00% | 0.47% | +0.47% |
| Centum Electronics Ltd. | 1.23% | 1.65% | +0.42% |
| ICICI Bank Ltd. | 3.91% | 3.49% | -0.42% |
| Power Grid Corporation Of India Ltd. | 2.49% | 2.12% | -0.37% |
| GMR Airports Ltd. | 0.16% | 0.51% | +0.35% |
| TD Power Systems Ltd. | 2.81% | 2.51% | -0.30% |
| Larsen & Toubro Ltd. | 7.33% | 7.03% | -0.30% |
| Others | 0.29% | 0.02% | -0.27% |
| HEG Advanced Materials Ltd. | 0.00% | 0.26% | +0.26% |
| Tata Steel Ltd. | 1.05% | 0.84% | -0.21% |
| WeWork India Management Ltd. | 0.19% | 0.00% | -0.19% |
| Lumino Industries Ltd. | 0.64% | 0.83% | +0.19% |
| GR Infraprojects Ltd. | 2.15% | 1.99% | -0.16% |
| NCC Ltd. | 1.50% | 1.35% | -0.15% |
| JSW Infrastructure Ltd. | 1.68% | 1.82% | +0.14% |
| Powerica Ltd. | 0.70% | 0.84% | +0.14% |
| Container Corporation Of India Ltd. | 1.44% | 1.30% | -0.14% |
| Adani Power Ltd. | 1.76% | 1.88% | +0.12% |
| Coal India Ltd. | 1.32% | 1.44% | +0.12% |
| Power Finance Corporation Ltd. | 1.99% | 1.87% | -0.12% |
| Brigade Enterprises Ltd. | 0.84% | 0.95% | +0.11% |
| Delhivery Ltd. | 1.48% | 1.37% | -0.11% |
| Prestige Estates Projects Ltd. | 1.58% | 1.48% | -0.10% |
| State Bank of India | 1.59% | 1.49% | -0.10% |
| ABB India Ltd. | 1.05% | 0.96% | -0.09% |
| ACME Solar Holdings Ltd. | 0.60% | 0.68% | +0.08% |
| Bharat Electronics Ltd. | 1.54% | 1.62% | +0.08% |
| Ceigall India Ltd. | 1.03% | 1.11% | +0.08% |
| Kalpataru Projects International Ltd. | 4.32% | 4.40% | +0.08% |
| Max Healthcare Institute Ltd. | 1.05% | 0.97% | -0.08% |
| NTPC Ltd. | 3.31% | 3.23% | -0.08% |
| Adani Green Energy Ltd. | 0.88% | 0.96% | +0.08% |
| Tata Power Company Ltd. | 1.08% | 1.16% | +0.08% |
| Interglobe Aviation Ltd. | 4.42% | 4.35% | -0.07% |
| J Kumar Infraprojects Ltd. | 2.95% | 2.88% | -0.07% |
| AIA Engineering Ltd. | 1.24% | 1.17% | -0.07% |
| Ahluwalia Contracts (India) Ltd. | 0.87% | 0.80% | -0.07% |
| JSW Cement Ltd. | 1.00% | 0.93% | -0.07% |
| Reliance Industries Ltd. | 1.65% | 1.58% | -0.07% |
| Ambuja Cements Ltd. | 1.47% | 1.41% | -0.06% |
| Adani Enterprises Ltd. | 0.96% | 1.01% | +0.05% |
| Can Fin Homes Ltd. | 0.78% | 0.73% | -0.05% |
| HDFC Bank Ltd. | 1.68% | 1.73% | +0.05% |
| Nexus Select Trust | 1.44% | 1.49% | +0.05% |
| Premier Explosives Ltd. | 0.69% | 0.74% | +0.05% |
| Diamond Power Infrastructure Ltd. | 0.92% | 0.97% | +0.05% |
| Sterling and Wilson Renewable Energy Ltd. | 0.66% | 0.62% | -0.04% |
| The Anup Engineering Ltd. | 0.54% | 0.50% | -0.04% |
| Blue Dart Express Ltd. | 1.06% | 1.03% | -0.03% |
| Global Health Ltd. | 0.50% | 0.47% | -0.03% |
| Gujarat Pipavav Port Ltd. | 1.20% | 1.23% | +0.03% |
| Hindalco Industries Ltd. | 0.63% | 0.60% | -0.03% |
| Titagarh Rail Systems Ltd. | 0.97% | 1.00% | +0.03% |
| GE Vernova T&D India Ltd | 0.86% | 0.84% | -0.02% |
| Power Mech Projects Ltd. | 0.96% | 0.98% | +0.02% |
| Timken India Ltd. | 0.68% | 0.70% | +0.02% |
| Aavas Financiers Ltd. | 0.98% | 0.97% | -0.01% |
| GAIL (India) Ltd. | 1.11% | 1.10% | -0.01% |
| GSPL Transmission Ltd. | 0.13% | 0.12% | -0.01% |
| Hindustan Aeronautics Ltd. | 1.55% | 1.56% | +0.01% |
| JSW Energy Ltd. | 0.54% | 0.53% | -0.01% |
| JSW Steel Ltd. | 0.68% | 0.67% | -0.01% |
| Oberoi Realty Ltd. | 0.40% | 0.39% | -0.01% |
| Ultratech Cement Ltd. | 0.84% | 0.83% | -0.01% |
| Voltamp Transformers Ltd. | 1.49% | 1.48% | -0.01% |
| Bharti Airtel Ltd. | 1.20% | 1.20% | 0.00% |
| Birla Corporation Ltd. | 1.24% | 1.24% | 0.00% |
| Gateway Distriparks Ltd. | 0.66% | 0.66% | 0.00% |
| Indraprastha Gas Ltd. | 0.48% | 0.48% | 0.00% |
| Oil And Natural Gas Corporation Ltd. | 1.30% | 1.30% | 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 | ₹2,108 Cr | 2.38% | 8.7% | 9.5% | 17.2% |
 DSP India T.I.G.E.R. Fund | ₹6,265 Cr | 2.02% | 8.1% | 9.0% | 17.7% |
 Aditya Birla Sun Life Infrastructure Fund | ₹1,220 Cr | 2.33% | 16.0% | 10.8% | 16.8% |
 LIC MF Infrastructure Fund | ₹1,153 Cr | 2.62% | 7.6% | 9.8% | 18.4% |
 Bank of India Manufacturing & Infrastructure Fund | ₹984 Cr | 2.54% | 16.2% | 13.7% | 19.1% |
 Canara Robeco Infrastructure Fund | ₹921 Cr | 2.41% | -4.5% | 4.3% | 13.8% |
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 months−5.09% absolute | ₹60,000 | ₹56,946 | −5.09% | |
| 1 year−5.32% annualised | ₹1,20,000 | ₹1,16,598 | −2.84% | |
| 3 years11.94% annualised | ₹3,60,000 | ₹4,34,655 | 20.74% | |
| 5 years16.63% annualised | ₹6,00,000 | ₹9,39,129 | 56.52% |
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 ₹45.67 as on 6 Nov 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 -3.2% over 1 year, 1.4% over 3 years and 13.4% 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 86 schemes with ₹9,96,954 Cr under management.