Compare the best infrastructure mutual funds in India - ICICI Prudential Infrastructure, Nippon India Power & Infra, SBI Infrastructure, Quant Infrastructure and HDFC Infrastructure. Pure play on India's infra boom. Live NAV from RightAdvise.
Sorted by 5-year CAGR. Click any fund for full analysis - rolling returns, drawdown chart, NAV history and risk ratios.
If you had invested ₹1 lakh 5 years ago in each fund, here is how much it would be worth today. Calculated from 5 years of daily NAV in the RightAdvise database.
💡 What is AAUM? AAUM stands for Average Assets Under Management - the average value of all investor money a fund managed during a specific quarter. Reported to SEBI every quarter via AMFI. More reliable than a single-day AUM snapshot.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | 10Y CAGR | Max Drawdown | Sharpe (3Y) |
|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Infrastructure Fund | ₹215.77 2026-06-04 | ₹7.6K Cr Jan–Mar 2026 | +2.9% | +22.8 % p.a. | +24.5 % p.a. | +18.8 % p.a. | -46.8% | 1.12 |
| Nippon India Power & Infra Fund | ₹412.68 2026-06-04 | ₹6.5K Cr Jan–Mar 2026 | +10.9% | +26.3 % p.a. | +24.4 % p.a. | +18.9 % p.a. | -53.2% | 1.19 |
| HDFC Infrastructure Fund | ₹51.72 2026-06-04 | ₹2.3K Cr Jan–Mar 2026 | -1.5% | +23.0 % p.a. | +22.4 % p.a. | +13.0 % p.a. | -63.1% | 1.11 |
| Quant Infrastructure Fund | ₹45.02 2026-06-04 | ₹2.8K Cr Jan–Mar 2026 | +11.4% | +22.6 % p.a. | +21.4 % p.a. | +21.6 % p.a. | -46.0% | 0.82 |
| SBI Infrastructure Fund | ₹54.77 2026-06-04 | ₹4.3K Cr Jan–Mar 2026 | +3.3% | +20.1 % p.a. | +19.6 % p.a. | +16.3 % p.a. | -42.1% | 1.03 |
Infrastructure Funds are sectoral/thematic funds that must invest at least 80% of their assets in equity of infrastructure sector companies. The infrastructure sector includes roads, highways, ports, airports, railways, power generation, power transmission, telecom, cement, steel, construction companies and related businesses. These are high-concentration thematic funds with significant government policy sensitivity.
Infrastructure funds are a direct bet on India's massive infrastructure build-out - one of the most powerful long-term investment themes in the country. The Indian government has committed to spending over ₹143 lakh crore on infrastructure under the National Infrastructure Pipeline through 2030. This covers roads (30,000+ km of national highways under construction), railways (Vande Bharat, bullet trains, new lines), airports (100 new airports planned), ports, urban metro networks, power grids and renewable energy projects.
The infrastructure theme is broader than just construction companies. It encompasses cement manufacturers (demand driven by construction activity), steel companies (structural steel for bridges and buildings), power equipment makers, engineering companies (L&T, BHEL), port operators, airport operators and renewable energy companies. Infrastructure funds investing in this entire ecosystem can be powerful wealth creators during government-driven capex cycles - as seen in 2014-2018 and the current 2021-2027 capex upcycle.
Infrastructure fund returns in India are driven more by the government capex cycle than by individual stock selection. When the government increases infrastructure spending (as in 2014-2018 and 2021-present), infrastructure stocks boom regardless of which specific stocks the fund holds. When the government cuts capex (as in 2019-2020), infrastructure stocks fall across the board. Understanding where India is in the capex cycle is more important than comparing individual infrastructure funds. Currently (2024-2026), India is in a sustained capex upcycle - but history shows these cycles eventually end.
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