📊 Equity Fund · Deep Analysis

HDFC Infrastructure FundOption

HDFC Mutual Fund · Direct Growth · SEBI Category: Equity

Current NAV ₹51.7210 (+0.13% today) As of 04 Jun 2026
1 Year Return -1.5%
3 Year CAGR +23.0% p.a.
5 Year CAGR +22.4% p.a.
AAUM ₹2.3K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,566 daily NAV records
Fund Overview

HDFC Infrastructure FundOption — Quick Summary

HDFC Infrastructure Fund is backed by India's largest AMC — HDFC Mutual Fund — bringing institutional research depth to infrastructure sector investing. The fund covers roads, power, cement, steel, engineering and logistics companies. HDFC MF's conservative investment culture means the portfolio prioritises quality infrastructure businesses with strong balance sheets and proven management over speculative or highly leveraged infrastructure plays.

The fund reflects HDFC MF's quality-first investment philosophy applied to a cyclical sector. This conservative quality filter means the portfolio avoids highly leveraged infrastructure conglomerates and construction companies with weak balance sheets — even if they appear cheap by valuation metrics. The quality approach provides better downside protection during capex cycle slowdowns.

Fund House
HDFC Mutual Fund
SEBI Category
Equity
Benchmark
Nifty Infrastructure TRI
Fund Manager
Srinivasan Ramamurthy
AMFI Code
118979
Risk Level
Very High
NAV Records in DB
2,566 days
Quarterly Average AUM · Jan–Mar 2026
₹2.3K Cr
↓ Decreased by 6.7% vs Oct–Dec 2025 · ₹2.4K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Investors who trust HDFC MF for conservative, quality-focused sector investing. Those wanting infrastructure exposure with lower leverage risk through quality filter. Long-term investors with 7-10 year horizon who value quality over aggressive valuation-driven positioning.
India's largest AMC backing for infrastructure sector investing. Conservative quality filter — strong balance sheets and proven management prioritised. HDFC MF research infrastructure for comprehensive sector coverage. Institutional trust for long-term infrastructure sector commitment.
✗ Not Suitable For
Aggressive investors wanting maximum upside from cheap, leveraged infrastructure turnarounds. Those with short investment horizons. Investors who want infrastructure funds with longest track records — HDFC Infrastructure is newer than ICICI Pru and Nippon India peers.
Who Runs This Fund

Fund Manager

SR
Srinivasan Ramamurthy
HDFC Mutual Fund · Managing since February 2022

Srinivasan Ramamurthy manages HDFC Infrastructure Fund applying HDFC MF's research-driven, quality-focused approach to infrastructure sector investing. He evaluates infrastructure companies on the quality of their order books, management execution track records, balance sheet strength and competitive positioning — prioritising companies with genuine competitive advantages over those simply benefiting from sector tailwinds.

For current co-manager details and full biography, refer to the latest HDFC Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 118979
The official AMFI scheme code for HDFC Infrastructure FundOption Direct Growth is 118979. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
HDFC Infrastructure Fund is a relatively newer fund — launched in 2022. Limited track record means performance across a full capex cycle cannot be assessed. Infrastructure stocks have already significantly re-rated. Focus on the quality filter and HDFC MF's investment culture rather than the fund's short performance history.
Investment Objective
As per Scheme Information Document
To seek long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in or expected to benefit from growth and development of infrastructure.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Infrastructure Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
ICICI Prudential Infrastructure Fund ₹215.77 ₹7.6K Cr Jan–Mar 2026 +2.9% +22.8% p.a. +24.5% p.a. 1.12
Nippon India Power & Infra Fund ₹412.68 ₹6.5K Cr Jan–Mar 2026 +10.9% +26.3% p.a. +24.4% p.a. 1.19
SBI Infrastructure Fund ₹54.77 ₹4.3K Cr Jan–Mar 2026 +3.3% +20.1% p.a. +19.6% p.a. 1.03
Quant Infrastructure Fund ₹45.02 ₹2.8K Cr Jan–Mar 2026 +11.4% +22.6% p.a. +21.4% p.a. 0.82
HDFC Infrastructure Fund ▲ ₹51.72 ₹2.3K Cr Jan–Mar 2026 -1.5% +23.0% p.a. +22.4% p.a. 1.11
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
-2.0%
3 MonthPoint-to-point
-0.1%
6 MonthPoint-to-point
-2.5%
1 YearPoint-to-point
-1.5%
3 YearCAGR
+23.0% p.a.
5 YearCAGR
+22.4% p.a.
10 YearCAGR
+13.0% p.a.
₹1 Lakh → 5YLump sum growth
₹268,193

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+101.2%
Oct 2020 – Nov 2021
Worst 1Y WindowSimple return
-49.3%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+47.9% p.a.
Sep 2020 – Oct 2023
Worst 3Y CAGRCAGR p.a.
-21.3% p.a.
Apr 2017 – May 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+3.2%
2024
+24.2%
2023
+56.5%
2022
+20.2%
2021
+44.2%
2020
-6.8%
2019
-2.7%
2018
-28.4%
2017
+44.4%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
18.8%
Positive in 69% of windows
Best: 101.2% · Worst: -49.3%
3Y Rolling Avg
15.8% p.a.
Positive in 75% of windows
Best: 47.9% · Worst: -21.3%
5Y Rolling Avg
16.2% p.a.
Positive in 100% of windows
Best: 41.2% · Worst: -0.8%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-63.1%
Jan 2018 → Mar 2020
Recovered: Aug 2022 (3yr 6mo)
Current from Peak
-6.3%
All-time Peak: ₹55.12
Peak date: Sep 2024

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-21.3%
Sep 27, 2024 – Apr 7, 2025
Recovered: not yet
COVID-19 Crash
-41.8%
Feb 19 – Mar 23, 2020
Recovered: Jan 2021 (1yr 2mo)
2022 Rate Hike Cycle
-14.8%
Jan 17 – Jun 17, 2022
Recovered: Aug 2022 (8 mos)
2018 IL&FS Crisis
-20.4%
Aug 28 – Oct 26, 2018
Recovered: May 2019 (10 mos)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
1.11
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.50
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
16.3%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what HDFC Infrastructure FundOption is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Equity Funds

See how HDFC Infrastructure FundOption ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.