HSBC Infrastructure Fund
Sectoral-InfrastructureVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹48.88+0.55%1 day
- Return since launch
- 8.4%
- 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 5.3% a year, against 15.1% for its category. The expense ratio is 2.14% 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 +4.8% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | +1.0 pts | 3.5% | 3.5% |
| 2Y | 4.6% | −0.6 pts | 5.2% | 2.5% |
| 3Y | 5.3% | −9.9 pts | 15.1% | 3.1% |
| 5Y | 13.7% | −1.8 pts | 15.4% | 11.9% |
| 7Y | 18.3% | −1.2 pts | 19.4% | 16.6% |
| 10Y | 15.8% | +0.6 pts | 15.2% | 14.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.8% | −4.4 pts | 3.6% | 4.9% |
| 3M | -3.3% | −0.3 pts | -3.0% | -2.2% |
| 6M | -1.3% | −1.0 pts | -0.3% | -0.2% |
| 1Y | 5.7% | +2.2 pts | 3.5% | -0.1% |
| 2Y | 0.4% | −1.3 pts | 1.7% | -0.7% |
| 3Y | 14.1% | −1.0 pts | 15.1% | 12.2% |
| 5Y | 14.1% | −1.3 pts | 15.4% | 13.3% |
| 7Y | 18.1% | −1.7 pts | 19.8% | 17.0% |
| 10Y | 14.7% | −0.5 pts | 15.2% | 12.8% |
Since launch (7 Aug 2007): 8.4%
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
2.12%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.72%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.37%
- 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 | 1.63 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.71 | 0.68 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.45 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.71 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 21.45 | 20.18 | 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 30 Sep 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 | 7.68% | ₹183 Cr | +8.23% | +9.93% | +8.62% |
| Larsen & Toubro Ltd. | Construction | 6.99% | ₹166 Cr | +7.47% | +7.02% | +6.51% |
| Bharti Airtel Ltd. | Communication | 6.46% | ₹154 Cr | +5.85% | +6.71% | +8.66% |
| Bharat Electronics Ltd. | Capital Goods | 5.79% | ₹138 Cr | +6.80% | +7.88% | +8.58% |
| MTAR Technologies Ltd. | Capital Goods | 4.67% | ₹111 Cr | +4.43% | +2.40% | — |
| Reliance Industries Ltd. | Energy | 4.43% | ₹105 Cr | +4.68% | +6.58% | +6.23% |
| Others | Others | 4.18% | ₹98.88 Cr | +1.68% | -0.18% | -0.30% |
| Interglobe Aviation Ltd. | Services | 4.09% | ₹97.39 Cr | +2.96% | +1.92% | — |
| Ultratech Cement Ltd. | Materials | 3.64% | ₹86.55 Cr | +3.62% | +4.13% | +4.69% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 3.60% | ₹85.55 Cr | +3.58% | +2.40% | +1.47% |
| Hindustan Aeronautics Ltd. | Capital Goods | 3.52% | ₹83.84 Cr | +3.21% | +3.04% | +3.68% |
| TD Power Systems Ltd. | Capital Goods | 3.02% | ₹71.89 Cr | +2.31% | +1.89% | +0.91% |
| GE Vernova T&D India Ltd | Capital Goods | 2.90% | ₹68.90 Cr | +3.31% | +2.90% | +2.10% |
| Engineers India Ltd. | Construction | 2.19% | ₹52.17 Cr | +1.65% | +1.49% | +1.41% |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.12% | ₹50.37 Cr | +1.31% | +1.22% | — |
| Sterlite Technologies Ltd. | Communication | 2.10% | ₹49.97 Cr | +0.50% | — | — |
| Juniper Green Energy Ltd. | Energy | 2.05% | ₹48.83 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 1.94% | ₹46.11 Cr | +1.95% | +1.96% | +2.02% |
| Kei Industries Ltd. | Capital Goods | 1.87% | ₹44.55 Cr | +2.21% | +1.96% | +1.94% |
| Jyoti CNC Automation Ltd. | Capital Goods | 1.64% | ₹39.13 Cr | +1.19% | +0.97% | +1.01% |
| Titagarh Rail Systems Ltd. | Automobile | 1.58% | ₹37.49 Cr | +1.65% | +1.28% | +1.08% |
| Siemens Ltd. | Capital Goods | 1.53% | ₹36.51 Cr | +1.44% | +1.40% | +1.32% |
| Polycab India Ltd. | Capital Goods | 1.48% | ₹35.31 Cr | +1.79% | +1.46% | +1.39% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.46% | ₹34.69 Cr | +1.41% | +1.00% | +1.19% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.40% | ₹33.36 Cr | +1.53% | +1.59% | +1.75% |
| Kirloskar Pneumatic Company Ltd. | Capital Goods | 1.06% | ₹25.11 Cr | +1.57% | +1.00% | +1.81% |
| Atlanta Electricals Ltd. | Capital Goods | 1.01% | ₹24.11 Cr | +1.11% | +0.88% | +0.45% |
| Hindalco Industries Ltd. | Metals & Mining | 1.00% | ₹23.84 Cr | +1.96% | +2.59% | +1.66% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.99% | ₹23.49 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 0.97% | ₹23.19 Cr | +0.95% | +1.34% | — |
| R R Kabel Ltd. | Consumer Discretionary | 0.95% | ₹22.67 Cr | +0.59% | — | — |
| PTC Industries Ltd. | Metals & Mining | 0.93% | ₹22.19 Cr | — | — | — |
| The Phoenix Mills Ltd. | Construction | 0.93% | ₹22.02 Cr | +0.90% | +0.83% | +0.76% |
| Pitti Engineering Ltd. | Capital Goods | 0.91% | ₹21.70 Cr | +0.75% | +0.47% | +0.60% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.84% | ₹20.00 Cr | — | — | — |
| Siemens Energy India Ltd. | Energy | 0.84% | ₹19.96 Cr | +0.94% | +0.78% | +0.93% |
| Happy Forgings Ltd. | Metals & Mining | 0.77% | ₹18.44 Cr | +0.56% | +0.50% | +0.35% |
| Delhivery Ltd. | Services | 0.72% | ₹17.06 Cr | +0.80% | +0.84% | +0.81% |
| Shadowfax Technologies Ltd. | Services | 0.65% | ₹15.50 Cr | +0.51% | +0.31% | — |
| KSH International Ltd. | Capital Goods | 0.63% | ₹15.02 Cr | +0.53% | — | — |
| Apar Industries Ltd. | Consumer Staples | 0.57% | ₹13.60 Cr | — | — | +0.50% |
| Cummins India Ltd. | Capital Goods | 0.55% | ₹13.09 Cr | +0.63% | +0.60% | — |
| JSW Steel Ltd. | Metals & Mining | 0.53% | ₹12.53 Cr | +0.50% | — | — |
| Power Mech Projects Ltd. | Construction | 0.53% | ₹12.64 Cr | +0.57% | +0.43% | +1.43% |
| Bansal Wire Industries Ltd. | Metals & Mining | 0.50% | ₹11.82 Cr | +1.04% | +0.82% | +1.10% |
| Kennametal India Ltd. | Capital Goods | 0.50% | ₹11.93 Cr | +1.77% | +1.46% | +1.28% |
| Bharat Bijlee Ltd. | Capital Goods | 0.48% | ₹11.44 Cr | +0.64% | +0.55% | +0.74% |
| Ashok Leyland Ltd. | Automobile | 0.36% | ₹8.63 Cr | +0.36% | +0.42% | — |
| Ahluwalia Contracts (India) Ltd. | Construction | 0.26% | ₹6.19 Cr | +0.39% | +0.36% | +0.14% |
| GK Energy Ltd. | Capital Goods | 0.19% | ₹4.54 Cr | +0.22% | +0.17% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kennametal India Ltd. | 2.53% | 0.50% | -2.03% |
| Others | -0.18% | 0.83% | +1.01% |
| CG Power and Industrial Solutions Ltd. | 0.00% | 0.99% | +0.99% |
| PTC Industries Ltd. | 0.00% | 0.93% | +0.93% |
| Interglobe Aviation Ltd. | 3.30% | 4.09% | +0.79% |
| Sterlite Technologies Ltd. | 1.33% | 2.10% | +0.77% |
| Bharti Airtel Ltd. | 5.69% | 6.46% | +0.77% |
| JSW Energy Ltd. | 0.72% | 0.00% | -0.72% |
| MTAR Technologies Ltd. | 4.07% | 4.67% | +0.60% |
| Oil India Ltd. | 0.59% | 0.00% | -0.59% |
| Kei Industries Ltd. | 2.33% | 1.87% | -0.46% |
| Hindalco Industries Ltd. | 1.45% | 1.00% | -0.45% |
| Kirloskar Oil Engines Ltd. | 3.16% | 3.60% | +0.44% |
| Juniper Green Energy Ltd. | 1.61% | 2.05% | +0.44% |
| Engineers India Ltd. | 1.79% | 2.19% | +0.40% |
| Apar Industries Ltd. | 0.20% | 0.57% | +0.37% |
| Bansal Wire Industries Ltd. | 0.85% | 0.50% | -0.35% |
| Larsen & Toubro Ltd. | 7.25% | 6.99% | -0.26% |
| PG Electroplast Ltd. | 0.23% | 0.00% | -0.23% |
| Polycab India Ltd. | 1.69% | 1.48% | -0.21% |
| ABB India Ltd. | 2.11% | 1.94% | -0.17% |
| Bharat Electronics Ltd. | 5.96% | 5.79% | -0.17% |
| Reliance Industries Ltd. | 4.60% | 4.43% | -0.17% |
| NTPC Ltd. | 7.52% | 7.68% | +0.16% |
| Amber Enterprises India Ltd. | 1.54% | 1.40% | -0.14% |
| TD Power Systems Ltd. | 2.88% | 3.02% | +0.14% |
| PNC Infratech Ltd. | 0.14% | 0.00% | -0.14% |
| R R Kabel Ltd. | 1.07% | 0.95% | -0.12% |
| Jyoti CNC Automation Ltd. | 1.52% | 1.64% | +0.12% |
| Atlanta Electricals Ltd. | 1.11% | 1.01% | -0.10% |
| Happy Forgings Ltd. | 0.87% | 0.77% | -0.10% |
| Tata Motors Ltd. | 1.05% | 0.97% | -0.08% |
| Kirloskar Pneumatic Company Ltd. | 1.14% | 1.06% | -0.08% |
| Shadowfax Technologies Ltd. | 0.58% | 0.65% | +0.07% |
| Siemens Ltd. | 1.60% | 1.53% | -0.07% |
| GE Vernova T&D India Ltd | 2.96% | 2.90% | -0.06% |
| Pitti Engineering Ltd. | 0.85% | 0.91% | +0.06% |
| Titagarh Rail Systems Ltd. | 1.52% | 1.58% | +0.06% |
| APL Apollo Tubes Ltd. | 2.07% | 2.12% | +0.05% |
| Delhivery Ltd. | 0.77% | 0.72% | -0.05% |
| KSH International Ltd. | 0.58% | 0.63% | +0.05% |
| The Phoenix Mills Ltd. | 0.88% | 0.93% | +0.05% |
| Ashok Leyland Ltd. | 0.40% | 0.36% | -0.04% |
| Bharat Bijlee Ltd. | 0.52% | 0.48% | -0.04% |
| Bharat Heavy Electricals Ltd. | 1.50% | 1.46% | -0.04% |
| Diamond Power Infrastructure Ltd. | 0.80% | 0.84% | +0.04% |
| Ultratech Cement Ltd. | 3.67% | 3.64% | -0.03% |
| Ahluwalia Contracts (India) Ltd. | 0.28% | 0.26% | -0.02% |
| Hindustan Aeronautics Ltd. | 3.50% | 3.52% | +0.02% |
| Siemens Energy India Ltd. | 0.82% | 0.84% | +0.02% |
| Cummins India Ltd. | 0.57% | 0.55% | -0.02% |
| GK Energy Ltd. | 0.20% | 0.19% | -0.01% |
| Power Mech Projects Ltd. | 0.52% | 0.53% | +0.01% |
| JSW Steel 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 | ₹2,103 Cr | 2.38% | 9.7% | 9.9% | 17.4% |
 DSP India T.I.G.E.R. Fund | ₹6,265 Cr | 2.02% | 8.3% | 9.1% | 17.8% |
 Aditya Birla Sun Life Infrastructure Fund | ₹1,172 Cr | 2.33% | 16.5% | 10.9% | 17.0% |
 LIC MF Infrastructure Fund | ₹1,153 Cr | 2.62% | 9.7% | 10.6% | 18.9% |
 Bank of India Manufacturing & Infrastructure Fund | ₹1,002 Cr | 2.54% | 17.6% | 14.1% | 19.4% |
 Canara Robeco Infrastructure Fund | ₹921 Cr | 2.41% | -3.7% | 4.6% | 14.0% |
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
- Dipan S. ParikhMr. Parikh has done B.ComHe has been working with HSBC Mutual Fund since 2006
- 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 months−1.31% absolute | ₹60,000 | ₹59,214 | −1.31% | |
| 1 year5.71% annualised | ₹1,20,000 | ₹1,23,777 | 3.15% | |
| 3 years14.12% annualised | ₹3,60,000 | ₹4,50,289 | 25.08% | |
| 5 years14.12% annualised | ₹6,00,000 | ₹8,74,940 | 45.82% |
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 ₹48.88 as on 9 Nov 2026.
What is the expense ratio of HSBC Infrastructure Fund?
The expense ratio of HSBC Infrastructure Fund is 2.14% 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 4.5% over 1 year, 5.3% over 3 years and 13.7% 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.