HSBC Infrastructure Fund Regular IDCW NAV today
AMFI: 151038ISIN: INF917K01544MUTF_IN: HSBC_INFR_FUND_QXTOFEHSBC Mutual FundSectoral / Thematic funds
Formerly L&T Infrastructure Fund
NAV ₹30.3563
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹2,379 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 2.14%21 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 35.630 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 4930 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 27 Sep 2007
HSBC Infrastructure Fund returns
Read from the regular plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −5.77% | −1.96% | – | – | – |
| 1 month | −9.62% | −5.95% | 195 of 254 | −8.33% | −9.6% to −6.7% |
| 3 months | −5.51% | −7.54% | 91 of 249 | −6.53% | −8.0% to −4.6% |
| 6 months | −6.77% | −7.65% | 184 of 249 | −4.08% | −6.9% to +1.7% |
| 1 year | −2.43% | −8.38% | 75 of 228 | −6.21% | −10.1% to −0.6% |
| 3 years | +12.35% | +12.82% | 60 of 141 | +10.84% | +7.2% to +15.3% |
| 5 years | +14.03% | +11.79% | 22 of 106 | +9.47% | +6.9% to +13.1% |
| 10 years | +13.67% | +12.93% | 21 of 70 | +12.66% | +10.6% to +14.0% |
₹10,000 put in on 16 Feb 2010 is ₹64,801 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty Infrastructure TRI, over the same days as the fund. Rank, median and middle half among the Regular plans of Sectoral / Thematic funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +7.83% | −2.23% |
| 3 years | +13.79% | +12.76% |
| 5 years | +16.64% | +12.78% |
| 10 years | +15.07% | +13.56% |
| Since launch | +8.87% | +4.80% |
Benchmark: Nifty Infrastructure TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Regular GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty Infrastructure TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
- Loss
Highest year to Dec 2014, +65.5%; lowest year to Dec 2011, −35.4%Above the benchmark in 9 of 15 years
HSBC Infrastructure Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,14,972₹1,14,966 after stamp duty | −8.00% | −8.01% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,64,934₹3,64,916 after stamp duty | +0.90% | +0.90% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,94,627₹7,94,587 after stamp duty | +11.28% | +11.27% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹25,76,625₹25,76,563 after stamp duty | +14.67% | +14.67% | ₹38 | |
| Since Feb 2010200 instalments | ₹20,00,000 | ₹75,11,682₹75,11,620 after stamp duty | +14.38% | +14.38% | ₹38 |
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 16 Feb 2010 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year3,859 windows−38.8%+15.9%+101.7%63.1%
3 years3,366 windows−15.3%+15.8%+38.8%84.2%
5 years2,879 windows−2.4%+15.6%+35.6%99.4%
10 years1,649 windows+2.5%+14.4%+21.4%100.0%
Every 10-year window ended higher than it started.From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
HSBC Infrastructure Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 1.02 ptsA year, on 21 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.11%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.13%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.14%, Feb 2023.Direct plan lowest 0.95%, Jul 2024.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.87% | 1.73% |
| Brokerage | 0.03% | 0.03% |
| Transaction costs | None | None |
| Statutory levies | 0.22% | 0.38% |
Per cent of assets a year, filed for 21 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 90 days from the date of allotment – Nil If units redeemed or switched out are over and above the limit within 90 days from the date of allotment – 1% If units are redeemed or switched out on or after 90 days from the date of allotment – Nil.MoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- SIP
- Accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP instalments, at least
- Daily 6; Weekly 6; Monthly 6; Quarterly 4
As listed for this plan on 24 Oct 2026.
HSBC Infrastructure Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹2,416 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 23.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹2,777 Cr, quarter to Sep 2024.
Assets at each month end
Highest ₹2,848 Cr, Jul 2024.Lowest ₹1,005 Cr, Mar 2020.
HSBC Infrastructure Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | |||
|---|---|---|---|---|---|
| NTPCPower | Large cap20th | 7.68% | 182.79 | 56,63,600 | May 2023or earlier |
| Larsen & ToubroConstruction | Large cap8th | 6.99% | 166.23 | 4,42,100 | May 2023or earlier |
| Bharti AirtelTelecom - Services | Large cap3rd | 6.46% | 153.74 | 8,75,000 | May 2023or earlier |
| Bharat ElectronicsAerospace & Defense | Large cap25th | 5.79% | 137.78 | 35,48,300 | May 2023or earlier |
| Mtar TechnologiesElectrical Equipment | Small cap423rd | 4.67% | 111.19 | 1,42,600 | Oct 2025 |
| Reliance IndustriesPetroleum Products | Large cap1st | 4.43% | 105.33 | 8,87,400 | May 2023or earlier |
| InterGlobe AviationTransport Services | Large cap48th | 4.09% | 97.39 | 1,95,400 | Nov 2025 |
| UltraTech CementCement & Cement Products | Large cap22nd | 3.64% | 86.55 | 79,000 | May 2023or earlier |
| Kirloskar Oil EnginesIndustrial Products | Small cap323rd | 3.60% | 85.55 | 3,71,300 | May 2023or earlier |
| Hindustan AeronauticsAerospace & Defense | Large cap29th | 3.52% | 83.84 | 1,79,600 | Dec 2024or earlier |
| TD Power SystemsElectrical Equipment | Small cap419th | 3.02% | 71.89 | 9,14,600 | May 2025 |
| GE Vernova T&D IndiaElectrical Equipment | Mid cap109th | 2.90% | 68.90 | 1,64,000 | Dec 2024or earlier |
| Engineers IndiaConstruction | Small cap503rd | 2.19% | 52.17 | 16,85,200 | May 2024or earlier |
| APL Apollo TubesIndustrial Products | Mid cap190th | 2.12% | 50.37 | 2,30,000 | Jan 2026 |
| Sterlite TechnologiesTelecom - Equipment & Accessories | Small cap460th | 2.10% | 49.97 | 5,49,220 | Jun 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Treps | 3.35% | 79.81 |
| Net Current Assets (including cash & bank balances) | 0.83% | 19.07 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 7.68%NTPC
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 31.59%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 50.87%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 26.2Taken over 95.82% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares95.82%
- Cash and receivables4.18%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap55.36%Category 49.50%
- Mid cap10.01%Category 21.62%
- Small cap32.49%Category 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 2.05% of the fund. Category is the average of 249 Sectoral / Thematic funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.10sectors
- Capital Goods49.98%Category 9.90%
- Construction10.16%Category 1.69%
- Power9.73%Category 2.77%
- Telecommunication8.56%Category 2.99%
- Services5.46%Category 2.61%
- Oil Gas & Consumable Fuels4.43%Category 3.38%
- Construction Materials3.64%Category 1.25%
- Metals & Mining1.53%Category 2.47%
- Consumer Durables1.40%Category 3.48%
- Realty0.93%Category 0.75%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds. Category average. The sector's weight, less the futures sold on it, averaged over the 254 Sectoral / Thematic funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Goods31 companies | 49.98% | 50.23% | 47.67% | 48.46% | 46.94% | 44.46% | 41.60% | 41.62% | 40.76% | 40.52% | 40.92% | 41.92% | |
| Construction5 companies | 10.16% | 10.18% | 11.71% | 11.90% | 11.06% | 11.43% | 11.14% | 12.08% | 11.92% | 12.39% | 12.08% | 12.66% | |
| Power2 companies | 9.73% | 9.85% | 9.22% | 9.04% | 9.57% | 9.91% | 10.71% | 10.62% | 10.53% | 9.02% | 8.79% | 8.86% | |
| Telecommunication2 companies | 8.56% | 7.02% | 7.53% | 6.35% | 5.81% | 6.06% | 6.71% | 6.33% | 7.16% | 9.55% | 9.69% | 9.24% | |
| Services3 companies | 5.46% | 4.65% | 4.82% | 4.27% | 3.02% | 2.98% | 3.07% | 2.97% | 2.96% | 2.58% | 2.87% | 0.82% | |
| Oil Gas & Consumable Fuels1 company | 4.43% | 5.19% | 5.49% | 5.19% | 6.26% | 7.50% | 8.31% | 9.60% | 9.83% | 9.53% | 8.67% | 7.90% | |
| Construction Materials1 company | 3.64% | 3.67% | 3.98% | 3.62% | 3.72% | 3.79% | 4.13% | 4.35% | 4.56% | 4.10% | 3.96% | 3.98% | |
| Metals & Mining2 companies | 1.53% | 1.98% | 2.62% | 2.46% | 4.43% | 4.25% | 3.90% | 3.71% | 3.17% | 2.36% | 1.76% | 1.80% | |
| Consumer Durables1 company | 1.40% | 1.77% | 1.82% | 1.74% | 2.76% | 3.28% | 3.24% | 3.39% | 2.99% | 3.29% | 3.73% | 3.91% | |
| Realty1 company | 0.93% | 0.88% | 0.91% | 0.90% | 1.44% | 2.42% | 2.27% | 2.59% | 3.06% | 3.65% | 3.68% | 4.59% | |
| Financial Services | 0.00% | 0.00% | 0.00% | 1.71% | 1.74% | 1.84% | 1.82% | 1.78% | 1.71% | 1.55% | 2.33% | 2.53% | |
| Healthcare | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 21.92% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 41.68% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 5
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 4
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 38
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 1.68%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 7.35%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Kennametal India | Trimmed | 0.50% | 2.53% | −2.03 pts | −1,13,236 |
| CG Power and Industrial Solutions | New | 0.99% | 0.00% | +0.99 pts | +2,75,000 |
| PTC Industries | New | 0.93% | 0.00% | +0.93 pts | +10,000 |
| InterGlobe Aviation | Added | 4.09% | 3.30% | +0.79 pts | +40,000 |
| Bharti Airtel | Added | 6.46% | 5.69% | +0.77 pts | +1,00,000 |
| Sterlite Technologies | Added | 2.10% | 1.33% | +0.77 pts | +1,00,000 |
| JSW Energy | Sold out | – | 0.72% | −0.72 pts | −3,40,000 |
| Oil India | Sold out | – | 0.59% | −0.59 pts | −3,00,000 |
| Hindalco Industries | Trimmed | 1.00% | 1.45% | −0.45 pts | −1,00,000 |
| Juniper Green Energy | Added | 2.05% | 1.61% | +0.44 pts | +2,86,539 |
| Apar Industries | Added | 0.57% | 0.20% | +0.37 pts | +5,000 |
| Bansal Wire Industries | Trimmed | 0.50% | 0.85% | −0.35 pts | −2,93,855 |
| PG Electroplast | Sold out | – | 0.23% | −0.23 pts | −97,000 |
| PNC Infratech | Sold out | – | 0.14% | −0.14 pts | −1,89,091 |
| Kirloskar Pneumatic Company | Trimmed | 1.06% | 1.14% | −0.08 pts | −23,300 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 NTPC | 8.33% | 8.28% | 8.51% | 9.82%Added | 9.90%Cut | 9.93%Cut | 9.12% | 8.74% | 8.23%Added | 8.32% | 7.52% | 7.68% |
 Larsen & Toubro | 7.00% | 7.25% | 7.41% | 7.37% | 7.66% | 7.02% | 6.86% | 6.88% | 7.47%Added | 7.37% | 7.25% | 6.99% |
 Bharti Airtel | 9.24% | 9.69% | 9.55%Cut | 7.16%Cut | 6.33%Cut | 6.71% | 6.06% | 5.81% | 5.85% | 6.47% | 5.69% | 6.46%Added |
 Bharat Electronics | 8.29%Cut | 7.21%Cut | 7.12% | 8.27% | 7.83% | 7.88% | 7.24% | 6.81% | 6.80% | 6.65% | 5.96%Cut | 5.79% |
 Mtar Technologies | 1.27%Bought | 1.56%Added | 1.52% | 1.90% | 2.36% | 2.40% | 3.82% | 4.60% | 4.43% | 3.46% | 4.07% | 4.67% |
 Reliance Industries | 6.63% | 7.17% | 7.31% | 6.71% | 6.10%Cut | 6.58% | 5.97% | 4.80%Cut | 4.68% | 4.91% | 4.60% | 4.43% |
 InterGlobe Aviation | – | 2.10%Bought | 1.84% | 1.89%Added | 1.90% | 1.92%Added | 1.79% | 1.81% | 2.96%Added | 3.40%Added | 3.30% | 4.09%Added |
 UltraTech Cement | 3.98%Cut | 3.96% | 4.10% | 4.56% | 4.35% | 4.13% | 3.79% | 3.72% | 3.62% | 3.98% | 3.67% | 3.64% |
 Kirloskar Oil Engines | 1.57% | 1.81% | 1.99% | 1.98% | 2.25% | 2.40% | 2.61% | 2.93% | 3.58% | 3.44% | 3.16% | 3.60% |
 Hindustan Aeronautics | 3.54% | 3.53% | 3.47% | 3.77% | 3.06% | 3.04% | 3.23% | 3.17% | 3.21% | 3.53% | 3.50% | 3.52% |
 TD Power Systems | 1.17% | 1.20% | 1.10% | 1.52%Added | 1.80% | 1.89% | 2.18% | 2.47% | 2.31% | 2.19% | 2.88% | 3.02% |
 GE Vernova T&D India | 2.10% | 2.04% | 2.26% | 2.41% | 2.74% | 2.90% | 3.04% | 3.46% | 3.31% | 3.00% | 2.96% | 2.90% |
 Engineers India | 1.44% | 1.43% | 1.49% | 1.32% | 1.62% | 1.49% | 1.76% | 1.60% | 1.65% | 1.59% | 1.79% | 2.19% |
 APL Apollo Tubes | – | – | – | 0.47%Bought again | 1.02%Added | 1.22%Added | 1.03% | 1.35%Added | 1.31% | 1.39% | 2.07%Added | 2.12% |
 Sterlite Technologies | – | – | – | – | – | – | – | – | 0.50%Bought | 1.06%Added | 1.33% | 2.10%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular plans of Sectoral / Thematic funds (130 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.21.43%
12.75%Lowest17.47%Average of 138 funds31.21%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.12.47%
5.75%Lowest10.87%Average of 138 funds16.51%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.43
−0.62Lowest0.41Average of 138 funds1.15Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.70
−0.74Lowest0.64Average of 138 funds2.21Highest
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty Infrastructure TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.1.02
0.63Lowest0.93Average1.21Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+0.91 pts
−7.03 ptsLowest+0.62 ptsAverage of 93 funds+10.55 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.69.9
42.9Lowest87.3Average98.2Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.84
0.66Lowest0.93Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.103.6%
63.9%Lowest96.5%Average131.6%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.97.2%
49.9%Lowest90.3%Average119.7%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20260.16
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year | −12.24% | 22 Jun 2026 | 23 Oct 2026 | Not yet |
| 3 and 5 years | −25.67% | 27 Sep 2024 | 28 Feb 2025 | 22 Jun 2026 |
| 10 years and since Feb 2010 | −51.42% | 8 Jan 2018 | 24 Mar 2020 | 3 Jun 2021 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighNifty Infrastructure TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
HSBC Infrastructure Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Venugopal ManghatPrimary | Dec 2019 | +18.51%a year | +16.80% | +1.71 pts | – | – | 4 | ₹41,932 Cr |
| Gautam BhupalPrimary | Nov 2022 | +18.12%a year | +14.08% | +4.05 pts | – | – | 6 | ₹10,274 Cr₹162 Cr alone |
| Mayank ChaturvediPrimary -Foreign securities | Oct 2025 | +4.79%a year | −2.40% | +7.19 pts | 12.9% | 7.4% | 19 | ₹94,800 Cr |
| Dipan S. ParikhPrimary - For Investment in Gold / Silver ETFs | – | – | – | – | – | 20 | ₹94,383 Cr₹1,056 Cr alone |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Managers before
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Sonal GuptaPrimary -Foreign securities | Sep 2026 | – | – | – |
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| HSBC Small Cap FundVenugopal Manghat | Dec 2019 | +21.94%a year | +22.16% | −0.22 pts | ₹18,513 Cr |
| HSBC Value FundVenugopal Manghat | Nov 2012 | +17.50%a year | +13.20% | +4.30 pts | ₹14,660 Cr |
| HSBC Multi Cap FundVenugopal Manghat | Jan 2023 | +19.61%a year | +15.01% | +4.60 pts | ₹6,380 Cr |
| HSBC Aggressive Hybrid FundGautam Bhupal | Oct 2023 | +11.09%a year | – | – | ₹5,652 Cr |
| HSBC Business Cycles FundGautam Bhupal | Jun 2023 | +15.39%a year | +11.87% | +3.51 pts | ₹1,179 Cr |
| HSBC Financial Services FundGautam Bhupal | Feb 2025 | – | – | – | ₹903 Cr |
| HSBC Multi Asset Active FOFGautam Bhupal | Oct 2015 | +11.25%a year | – | – | ₹115 Cr |
| HSBC Aggressive Hybrid Active FOFGautam Bhupal | Oct 2015 | +11.25%a year | – | – | ₹47 Cr |
| HSBC Small Cap FundMayank Chaturvedi | Oct 2025 | +9.11%a year | +4.95% | +4.16 pts | ₹18,513 Cr |
| HSBC Midcap FundMayank Chaturvedi | Oct 2025 | +13.63%a year | +2.94% | +10.68 pts | ₹16,800 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Sundaram Infrastructure Advantage FundSundaram Mutual Fund | 45.07% | 19 |
| Canara Robeco Infrastructure FundCanara Robeco Mutual Fund | 43.42% | 20 |
| Mirae Asset Infrastructure FundMirae Asset Mutual Fund | 38.48% | 19 |
| Franklin Build India FundFranklin Templeton Mutual Fund | 38.24% | 15 |
| UTI Infrastructure FundUTI Mutual Fund | 37.40% | 19 |
| HSBC Business Cycles FundHSBC Mutual Fund | 35.93% | 25 |
| DSP India T.I.G.E.R. FundDSP Mutual Fund | 35.58% | 20 |
| Nippon India Power & Infra FundNippon India Mutual Fund | 34.44% | 22 |
| Kotak Infrastructure & Economic Reform FundKotak Mahindra Mutual Fund | 32.98% | 14 |
| Bandhan Infrastructure FundBandhan Mutual Fund | 32.64% | 14 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| HSBC Business Cycles FundHSBC Mutual Fund | 35.30% |
| HSBC Large Cap FundHSBC Mutual Fund | 24.42% |
| HSBC Flexi Cap FundHSBC Mutual Fund | 23.87% |
| HSBC Multi Cap FundHSBC Mutual Fund | 22.90% |
| HSBC ELSS Tax saver FundHSBC Mutual Fund | 21.25% |
| HSBC India Export Opportunities FundHSBC Mutual Fund | 20.01% |
| HSBC Focused FundHSBC Mutual Fund | 17.80% |
| HSBC Small Cap FundHSBC Mutual Fund | 14.52% |
| HSBC Value FundHSBC Mutual Fund | 14.07% |
| HSBC Large & Mid Cap FundHSBC Mutual Fund | 12.52% |
As the fund house states it, for Sep 2026.
HSBC Infrastructure Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹3.25 a unit, Sep 2024.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 25 Sep 2026 | ₹3.00 | 8.30% | ₹36.1599 | ₹32.6167 |
| 25 Sep 2025 | ₹3.00 | 8.14% | ₹36.8595 | ₹33.4148 |
| 25 Sep 2024 | ₹3.25 | 7.35% | ₹44.1975 | ₹40.8002 |
| 25 Sep 2023 | ₹2.25 | 7.41% | ₹30.3492 | ₹28.3295 |
All 4 payouts since 25 Sep 2023.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2023
- 31 JanBenchmarkBenchmark: BSE India Infrastructure TRI to Nifty Infrastructure TRI
2022
- 30 NovBenchmarkBenchmark: Nifty Infrastructure TRI to BSE India Infrastructure TRI
Fund details
Objective
To generate long term capital appreciation from an actively managed portfolio of equity and equity related securities by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of Infrastructure in India. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Asset allocation
- Equities & Equity related securities of companies operating in Infrastructure Sector : 80% -100%
- Equity and equity related instruments of companies operating in other than Infrastructure Sector : 0% - 20%
- Money market instruments and other liquid instruments : 0% - 20%
- Units of InvITs: 0% -10%
- Units of Gold and Silver ETFs : 0% to 20%
Type of scheme
An open ended equity scheme following infrastructure theme
- Stated category
- Open Ended-Equity - Thematic
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- NIFTY Infrastructure TRI
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 7 Aug 2007 to 11 Sep 2007
- Units first allotted
- 27 Sep 2007
- Open for sale again
- 10 Oct 2007
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 151040 | INF917K01FW8 | HSBC_INFR_FUND_5QJEM2 | 2 Jan 2013 | |
| Regular Growth | 151037 | INF917K01536 | HSBC_INFR_FUND_1FM8W4S | 16 Feb 2010 | |
| Direct IDCW | 151039 | INF917K01E52 | INF917K01FU2 | HSBC_INFR_FUND_1CFXT5B | 2 Jan 2013 |
| Regular IDCW | 151038 | INF917K01544 | INF917K01551 | HSBC_INFR_FUND_QXTOFE | 16 Feb 2010 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- The Asset as on - September 2026 (opens in a new tab)HSBC Mutual Fund, Sep 2026
Statement of additional information
- SAI HSBC Mutual Fund (opens in a new tab)HSBC Mutual Fund, Oct 2026
Annual report
- Schemewise Abridged Annual Report for HSBC Conservative Hybrid Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Banking & PSU Debt Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Corporate Bond Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Credit Risk Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
Riskometer disclosure
- Riskometer Changes F.Y. 2025-26 (opens in a new tab)HSBC Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap disclosure Sep 2026 (opens in a new tab)HSBC Mutual Fund, Sep 2026