HSBC Infrastructure Fund
Sectoral-InfrastructureVery HighOPEN-ENDED
- NAV as on 12 Oct 2026
- ₹49.28+0.26%1 day
- Return since launch
- 8.5%
- 52-week range
- ₹42.29 — ₹52.13
- AUM
- ₹2,379 Cr
HSBC Infrastructure Fund is a Sectoral-Infrastructure equity fund from HSBC Mutual Fund with ₹2,379 Cr under management, launched in 2007. Over three years it has returned 6.9% a year, against 13.9% for its category. The expense ratio is 2.12% and the SEBI riskometer reading is Very High.
Performance
HSBC Infrastructure Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.9% against -4.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.7% | +7.4 pts | 0.3% | -5.3% |
| 2Y | 5.9% | +3.7 pts | 2.2% | -1.9% |
| 3Y | 6.9% | −7.0 pts | 13.9% | 0.9% |
| 5Y | 14.7% | −0.7 pts | 15.3% | 10.6% |
| 7Y | 18.9% | −0.1 pts | 19.0% | 15.7% |
| 10Y | 16.1% | +1.3 pts | 14.8% | 13.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | +2.2 pts | -1.8% | -2.0% |
| 3M | -0.6% | +5.1 pts | -5.7% | -6.3% |
| 6M | 6.2% | +4.3 pts | 2.0% | 0.2% |
| 1Y | 5.9% | +5.6 pts | 0.3% | -4.7% |
| 2Y | -1.5% | +1.0 pts | -2.6% | -5.6% |
| 3Y | 13.6% | −0.3 pts | 13.9% | 10.2% |
| 5Y | 15.2% | −0.1 pts | 15.3% | 12.7% |
| 7Y | 18.6% | −1.3 pts | 19.9% | 16.7% |
| 10Y | 14.7% | −0.1 pts | 14.8% | 12.2% |
Since launch (7 Aug 2007): 8.5%
Calendar-year returns
Category average2.1%
56.4%
4.8%
50.7%
27.8%
-4.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -4.4% | −4.9 pts | 0.6% |
| 2024 | 27.8% | −1.2 pts | 29.0% |
| 2023 | 50.7% | +3.5 pts | 47.2% |
| 2022 | 4.8% | −5.8 pts | 10.6% |
| 2021 | 56.4% | +3.2 pts | 53.1% |
| 2020 | 2.1% | −7.9 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
2.13%
Expense ratio as on 9 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.72%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.38%
- Exit load
- Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 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 | 1.91 | 5.87 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.71 | 0.70 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.45 | 0.65 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.72 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 21.43 | 20.88 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HSBC Infrastructure Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.8%
- Other4.2%
Market cap split
- Large55.4%
- Mid10.0%
- Small34.6%
- P/E
- 34.65
- P/B
- 4.78
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| NTPC Ltd. | Energy | 7.52% | ₹185 Cr | +8.74% | +9.90% | +8.43% |
| Larsen & Toubro Ltd. | Construction | 7.25% | ₹179 Cr | +6.88% | +7.66% | +6.77% |
| Bharat Electronics Ltd. | Capital Goods | 5.96% | ₹147 Cr | +6.81% | +7.83% | +7.97% |
| Bharti Airtel Ltd. | Communication | 5.69% | ₹140 Cr | +5.81% | +6.33% | +8.84% |
| Reliance Industries Ltd. | Energy | 4.60% | ₹113 Cr | +4.80% | +6.10% | +6.30% |
| Others | Others | 4.58% | ₹113 Cr | +1.06% | -0.80% | -0.02% |
| MTAR Technologies Ltd. | Capital Goods | 4.07% | ₹100 Cr | +4.60% | +2.36% | — |
| Ultratech Cement Ltd. | Materials | 3.67% | ₹90.46 Cr | +3.72% | +4.35% | +4.93% |
| Hindustan Aeronautics Ltd. | Capital Goods | 3.50% | ₹86.24 Cr | +3.17% | +3.06% | +3.42% |
| Interglobe Aviation Ltd. | Services | 3.30% | ₹81.34 Cr | +1.81% | +1.90% | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 3.16% | ₹77.95 Cr | +2.93% | +2.25% | +1.46% |
| GE Vernova T&D India Ltd | Capital Goods | 2.96% | ₹72.90 Cr | +3.46% | +2.74% | +2.00% |
| TD Power Systems Ltd. | Capital Goods | 2.88% | ₹71.06 Cr | +2.47% | +1.80% | +0.55% |
| Kennametal India Ltd. | Capital Goods | 2.53% | ₹62.47 Cr | +1.69% | +1.50% | +1.37% |
| Kei Industries Ltd. | Capital Goods | 2.33% | ₹57.40 Cr | +2.16% | +2.44% | +1.85% |
| ABB India Ltd. | Capital Goods | 2.11% | ₹51.98 Cr | +2.02% | +1.80% | +1.98% |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.07% | ₹51.14 Cr | +1.35% | +1.02% | — |
| Engineers India Ltd. | Construction | 1.79% | ₹44.13 Cr | +1.60% | +1.62% | +1.47% |
| Polycab India Ltd. | Capital Goods | 1.69% | ₹41.56 Cr | +1.71% | +1.65% | +1.37% |
| Juniper Green Energy Ltd. | Energy | 1.61% | ₹39.72 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 1.60% | ₹39.49 Cr | +1.54% | +1.46% | +1.32% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.54% | ₹38.10 Cr | +1.56% | +1.73% | +1.60% |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.52% | ₹37.44 Cr | +0.92% | +0.99% | +1.11% |
| Titagarh Rail Systems Ltd. | Automobile | 1.52% | ₹37.49 Cr | +1.55% | +1.40% | +1.04% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.50% | ₹36.96 Cr | +1.43% | +0.96% | +1.06% |
| Hindalco Industries Ltd. | Metals & Mining | 1.45% | ₹35.86 Cr | +3.24% | +2.42% | +1.55% |
| Sterlite Technologies Ltd. | Communication | 1.33% | ₹32.72 Cr | — | — | — |
| Kirloskar Pneumatic Company Ltd. | Capital Goods | 1.14% | ₹28.18 Cr | +1.27% | +1.00% | +1.86% |
| Atlanta Electricals Ltd. | Capital Goods | 1.11% | ₹27.45 Cr | +1.21% | +0.54% | — |
| R R Kabel Ltd. | Consumer Discretionary | 1.07% | ₹26.36 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 1.05% | ₹25.91 Cr | +0.85% | +1.32% | — |
| The Phoenix Mills Ltd. | Construction | 0.88% | ₹21.62 Cr | +0.83% | +0.82% | +0.75% |
| Happy Forgings Ltd. | Metals & Mining | 0.87% | ₹21.51 Cr | +0.51% | +0.52% | +0.35% |
| Bansal Wire Industries Ltd. | Metals & Mining | 0.85% | ₹20.88 Cr | +0.98% | +0.85% | +1.17% |
| Pitti Engineering Ltd. | Capital Goods | 0.85% | ₹21.06 Cr | +0.73% | +0.56% | +0.57% |
| Siemens Energy India Ltd. | Energy | 0.82% | ₹20.15 Cr | +0.99% | +0.79% | +0.92% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.80% | ₹19.61 Cr | — | — | — |
| Delhivery Ltd. | Services | 0.77% | ₹19.00 Cr | +0.77% | +0.78% | +0.86% |
| JSW Energy Ltd. | Capital Goods | 0.72% | ₹17.69 Cr | +0.83% | +0.72% | +0.51% |
| Oil India Ltd. | Energy | 0.59% | ₹14.49 Cr | +1.46% | +1.58% | — |
| KSH International Ltd. | Capital Goods | 0.58% | ₹14.21 Cr | — | — | — |
| Shadowfax Technologies Ltd. | Services | 0.58% | ₹14.30 Cr | +0.44% | +0.29% | — |
| Cummins India Ltd. | Capital Goods | 0.57% | ₹14.04 Cr | +0.66% | +0.59% | — |
| JSW Steel Ltd. | Metals & Mining | 0.53% | ₹13.08 Cr | — | — | — |
| Bharat Bijlee Ltd. | Capital Goods | 0.52% | ₹12.90 Cr | +0.62% | +0.58% | +0.71% |
| Power Mech Projects Ltd. | Construction | 0.52% | ₹12.80 Cr | +0.52% | +0.46% | +1.61% |
| Ashok Leyland Ltd. | Automobile | 0.40% | ₹9.84 Cr | +0.36% | +0.51% | — |
| Ahluwalia Contracts (India) Ltd. | Construction | 0.28% | ₹6.97 Cr | +0.37% | +0.38% | +0.13% |
| PG Electroplast Ltd. | Capital Goods | 0.23% | ₹5.64 Cr | +0.19% | +0.26% | +0.23% |
| GK Energy Ltd. | Capital Goods | 0.20% | ₹5.04 Cr | +0.19% | +0.18% | — |
| company:1333 | Consumer Staples | 0.20% | ₹5.00 Cr | — | — | +0.81% |
| PNC Infratech Ltd. | Construction | 0.14% | ₹3.56 Cr | +0.53% | +0.57% | +0.84% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Juniper Green Energy Ltd. | 0.10% | 1.61% | +1.51% |
| KEC International Ltd. | 0.94% | 0.00% | -0.94% |
| Kennametal India Ltd. | 1.70% | 2.53% | +0.83% |
| NTPC Ltd. | 8.32% | 7.52% | -0.80% |
| Bharti Airtel Ltd. | 6.47% | 5.69% | -0.78% |
| Bharat Electronics Ltd. | 6.65% | 5.96% | -0.69% |
| TD Power Systems Ltd. | 2.19% | 2.88% | +0.69% |
| APL Apollo Tubes Ltd. | 1.39% | 2.07% | +0.68% |
| Hindalco Industries Ltd. | 2.08% | 1.45% | -0.63% |
| MTAR Technologies Ltd. | 3.46% | 4.07% | +0.61% |
| PNC Infratech Ltd. | 0.66% | 0.14% | -0.52% |
| Reliance Industries Ltd. | 4.91% | 4.60% | -0.31% |
| Ultratech Cement Ltd. | 3.98% | 3.67% | -0.31% |
| Kirloskar Oil Engines Ltd. | 3.44% | 3.16% | -0.28% |
| Sterlite Technologies Ltd. | 1.06% | 1.33% | +0.27% |
| Happy Forgings Ltd. | 0.62% | 0.87% | +0.25% |
| Jyoti CNC Automation Ltd. | 1.29% | 1.52% | +0.23% |
| Kei Industries Ltd. | 2.12% | 2.33% | +0.21% |
| company:1333 | 0.00% | 0.20% | +0.20% |
| Engineers India Ltd. | 1.59% | 1.79% | +0.20% |
| Others | -0.03% | -0.18% | -0.15% |
| R R Kabel Ltd. | 1.21% | 1.07% | -0.14% |
| Atlanta Electricals Ltd. | 0.98% | 1.11% | +0.13% |
| Larsen & Toubro Ltd. | 7.37% | 7.25% | -0.12% |
| Ahluwalia Contracts (India) Ltd. | 0.39% | 0.28% | -0.11% |
| Interglobe Aviation Ltd. | 3.40% | 3.30% | -0.10% |
| Kirloskar Pneumatic Company Ltd. | 1.24% | 1.14% | -0.10% |
| Pitti Engineering Ltd. | 0.75% | 0.85% | +0.10% |
| JSW Energy Ltd. | 0.80% | 0.72% | -0.08% |
| Titagarh Rail Systems Ltd. | 1.60% | 1.52% | -0.08% |
| Delhivery Ltd. | 0.85% | 0.77% | -0.08% |
| Bansal Wire Industries Ltd. | 0.92% | 0.85% | -0.07% |
| Cummins India Ltd. | 0.64% | 0.57% | -0.07% |
| Bharat Heavy Electricals Ltd. | 1.44% | 1.50% | +0.06% |
| Bharat Bijlee Ltd. | 0.58% | 0.52% | -0.06% |
| KSH International Ltd. | 0.53% | 0.58% | +0.05% |
| GE Vernova T&D India Ltd | 3.00% | 2.96% | -0.04% |
| Siemens Ltd. | 1.56% | 1.60% | +0.04% |
| Amber Enterprises India Ltd. | 1.57% | 1.54% | -0.03% |
| Diamond Power Infrastructure Ltd. | 0.77% | 0.80% | +0.03% |
| Power Mech Projects Ltd. | 0.55% | 0.52% | -0.03% |
| Siemens Energy India Ltd. | 0.85% | 0.82% | -0.03% |
| Tata Motors Ltd. | 1.02% | 1.05% | +0.03% |
| The Phoenix Mills Ltd. | 0.91% | 0.88% | -0.03% |
| Hindustan Aeronautics Ltd. | 3.53% | 3.50% | -0.03% |
| PG Electroplast Ltd. | 0.25% | 0.23% | -0.02% |
| Ashok Leyland Ltd. | 0.39% | 0.40% | +0.01% |
| JSW Steel Ltd. | 0.54% | 0.53% | -0.01% |
| Oil India Ltd. | 0.58% | 0.59% | +0.01% |
| Polycab India Ltd. | 1.70% | 1.69% | -0.01% |
| Shadowfax Technologies Ltd. | 0.57% | 0.58% | +0.01% |
| GK Energy Ltd. | 0.21% | 0.20% | -0.01% |
| ABB India Ltd. | 2.10% | 2.11% | +0.01% |
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 | ₹2,162 Cr | 2.40% | 4.5% | 8.4% | 16.7% |
 DSP India T.I.G.E.R. Fund | ₹6,265 Cr | 2.03% | 5.8% | 8.8% | 17.6% |
 Invesco India Infrastructure Fund | ₹1,489 Cr | 2.38% | 5.5% | 5.9% | 14.8% |
 LIC MF Infrastructure Fund | ₹1,153 Cr | 2.63% | 5.2% | 10.0% | 18.4% |
 Bank of India Manufacturing & Infrastructure Fund | ₹984 Cr | 2.54% | 12.7% | 12.9% | 18.6% |
 Canara Robeco Infrastructure Fund | ₹921 Cr | 2.40% | -6.8% | 4.5% | 13.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme endeavours to generate capital appreciation by investing primarily in companies that are engaged in the area of infrastructure in India. The fund would select fundamentally sound companies, having potential to deliver superior earning growth in long run.
Fund managers
- Gautam BhupalMr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.
- Venugopal ManghatMr. Manghat is a B.Sc (Mathematics) and MBA (Finance).Prior to joining HSBC Mutual Fund, he has worked with L&T Mutual Fund, Tata Asset Management 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 months6.22% absolute | ₹60,000 | ₹63,732 | 6.22% | |
| 1 year5.87% annualised | ₹1,20,000 | ₹1,23,885 | 3.24% | |
| 3 years13.59% annualised | ₹3,60,000 | ₹4,46,426 | 24.01% | |
| 5 years15.23% annualised | ₹6,00,000 | ₹9,02,645 | 50.44% |
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 HSBC Infrastructure Fund?
The NAV of HSBC Infrastructure Fund is ₹49.28 as on 12 Oct 2026.
What is the expense ratio of HSBC Infrastructure Fund?
The expense ratio of HSBC Infrastructure Fund is 2.12% per year.
What is the minimum SIP amount for HSBC Infrastructure Fund?
You can start a SIP in HSBC Infrastructure Fund with ₹3,000 a month.
What returns has HSBC Infrastructure Fund given?
HSBC Infrastructure Fund has returned 7.7% over 1 year, 6.9% over 3 years and 14.7% over 5 years (annualised).
Is there a lock-in or exit load on HSBC Infrastructure Fund?
Lock-in: None. Exit load: Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 90 days..
How risky is HSBC Infrastructure Fund?
HSBC Infrastructure Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Infrastructure category.
Which fund house manages HSBC Infrastructure Fund?
HSBC Infrastructure Fund is managed by HSBC Mutual Fund, which runs 44 schemes with ₹1,58,065 Cr under management.