📊 Equity Fund · Deep Analysis

SBI INFRASTRUCTURE FUND

SBI Mutual Fund · Direct Growth · SEBI Category: Equity

Current NAV ₹54.7687 (-0.15% today) As of 04 Jun 2026
1 Year Return +3.3%
3 Year CAGR +20.1% p.a.
5 Year CAGR +19.6% p.a.
AAUM ₹4.3K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,574 daily NAV records
Fund Overview

SBI INFRASTRUCTURE FUND — Quick Summary

SBI Infrastructure Fund provides exposure to India's infrastructure sector through SBI Funds Management — India's most widely distributed AMC. The fund covers construction and engineering companies, cement manufacturers, steel producers, power utilities, port operators and road developers. SBI MF's nationwide reach means this fund is one of the most accessible infrastructure sector investments for retail investors across India.

The fund has navigated through the government capex slowdown of 2012-2014, the infrastructure recovery of 2014-2018 and the current massive capex upcycle of 2021-present. Richard D'souza's long tenure managing this specific fund through these different capex environments provides investors with a sustained track record for evaluation.

Fund House
SBI Mutual Fund
SEBI Category
Equity
Benchmark
S&P BSE India Infrastructure Index TRI
Fund Manager
Richard D'souza
AMFI Code
119700
Risk Level
Very High
NAV Records in DB
2,574 days
Quarterly Average AUM · Jan–Mar 2026
₹4.3K Cr
↓ Decreased by 5.2% vs Oct–Dec 2025 · ₹4.5K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
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✓ Suitable For
Investors wanting accessible, large-AMC infrastructure sector exposure. SBI customers wanting infrastructure sector investment through familiar banking relationship. Long-term investors with 7-10 year horizon with conviction on India's infrastructure build-out.
Long fund manager tenure since 2013 — track record across multiple government capex cycles. SBI's nationwide distribution makes infrastructure investing accessible to retail investors. Comprehensive infrastructure coverage — construction, cement, steel, power and logistics. Government capex upcycle provides favorable current investment environment.
✗ Not Suitable For
Conservative investors who cannot handle infrastructure sector cyclicality. Those with short investment horizons. Investors who want primary equity exposure from a single fund.
Who Runs This Fund

Fund Manager

RD
Richard D'souza
SBI Mutual Fund · Managing since January 2013

Richard D'souza is Fund Manager at SBI Funds Management and manages SBI Infrastructure Fund. He applies a research-driven, bottom-up approach to infrastructure sector investing — evaluating construction companies, capital goods makers, engineering firms and infrastructure operators on the quality of their order books, management execution track records and balance sheet strength. His long tenure since 2013 provides consistent investment philosophy across multiple capex cycles.

For current co-manager details and full biography, refer to the latest SBI 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: 119700
The official AMFI scheme code for SBI INFRASTRUCTURE FUND Direct Growth is 119700. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
Infrastructure stocks in India have rallied significantly in 2021-2024 — valuations in cement, construction and capital goods are elevated. SBI Infrastructure Fund at current levels carries valuation risk if government capex disappoints or election outcomes change spending priorities. SIP approach is advised over lump sum at these valuation levels.
Investment Objective
As per Scheme Information Document
To provide investors with opportunities for long-term growth in capital through an active management of a diversified basket of equity stocks of Infrastructure and Infrastructure related companies.
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 and 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 2,574 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
+0.0%
3 MonthPoint-to-point
+5.4%
6 MonthPoint-to-point
+2.7%
1 YearPoint-to-point
+3.3%
3 YearCAGR
+20.1% p.a.
5 YearCAGR
+19.6% p.a.
10 YearCAGR
+16.3% p.a.
₹1 Lakh → 5YLump sum growth
₹237,958

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
+90.9%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-31.2%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+41.3% p.a.
Mar 2020 – Apr 2023
Worst 3Y CAGRCAGR p.a.
-8.1% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

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

2025
-0.1%
2024
+21.8%
2023
+50.4%
2022
+9.7%
2021
+49.3%
2020
+8.8%
2019
+10.8%
2018
-17.2%
2017
+42.6%
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
19.9%
Positive in 78% of windows
Best: 90.9% · Worst: -31.2%
3Y Rolling Avg
19.4% p.a.
Positive in 95% of windows
Best: 41.3% · Worst: -8.1%
5Y Rolling Avg
20.5% p.a.
Positive in 100% of windows
Best: 37.4% · Worst: 9.9%
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
-42.1%
Jan 2018 → Mar 2020
Recovered: Jan 2021 (1yr 2mo)
Current from Peak
-7.4%
All-time Peak: ₹59.43
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
-22.5%
Sep 27, 2024 – Apr 7, 2025
Recovered: not yet
COVID-19 Crash
-37.5%
Feb 19 – Mar 23, 2020
Recovered: Dec 2020 (1yr)
2022 Rate Hike Cycle
-14.6%
Jan 17 – Jun 17, 2022
Recovered: Aug 2022 (4 mos)
2018 IL&FS Crisis
-15.9%
Aug 28 – Oct 26, 2018
Recovered: Apr 2019 (7 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)
1.03
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.43
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
14.3%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
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Want to see what SBI INFRASTRUCTURE FUND 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 SBI INFRASTRUCTURE FUND 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.