Top Infrastructure Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 21 Infrastructure mutual funds. Their average 3 year return is 15.0% a year, and −3.2% over the last year. The highest 3 year returns: LIC MF Infrastructure Fund 21.0%, Bank of India Manufacturing & Infrastructure Fund 21.0%, DSP India T.I.G.E.R. Fund 18.9%.
- Total AUM
- ₹52,903 Cr
- As on 30-09-2026
- Funds
- 21
- From 21 fund houses
- Expense ratio
- 0.82% to 2.05%
- Direct plans, lowest to highest
- Average 3Y return
- 15.0%
- A year, Direct plans
All Infrastructure Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Infrastructure Fund | 1 | 1,153 | +0.53% | +21.03% | +19.78% | +16.87% | Very High | 1.30% | 1% within 90 days | 19.71% |
| Bank of India Manufacturing & Infrastructure Fund | 2 | 984 | +9.04% | +21.01% | +19.64% | +18.81% | Very High | 0.99% | 1% within 3 months | 17.14% |
| DSP India T.I.G.E.R. Fund | 3 | 6,265 | +4.40% | +18.89% | +19.48% | +16.50% | Very High | 1.06% | Varies | 16.87% |
| Canara Robeco Infrastructure Fund | 4 | 921 | −6.14% | +17.49% | +17.21% | +15.23% | Very High | 1.19% | 1% within 1 year | 17.78% |
| Aditya Birla Sun Life Infrastructure Fund | 5 | 1,220 | +6.69% | +16.65% | +16.83% | +14.54% | Very High | 1.51% | 1% within 30 days | 17.02% |
| Invesco India Infrastructure Fund | 6 | 1,489 | −3.23% | +16.55% | +16.08% | +17.84% | Very High | 1.19% | 1% within 1 year | 19.25% |
| Nippon India Power & Infra Fund | 7 | 7,867 | −2.17% | +16.41% | +18.38% | +16.60% | Very High | 1.11% | 1% within 1 month | 17.73% |
| Quant Infrastructure Fund | 8 | 3,076 | −1.02% | +15.59% | +15.75% | +19.31% | -- | 1.09% | -- | 20.08% |
| Kotak Infrastructure And Economic Reform Fund | 9 | 2,334 | −0.36% | +15.14% | +16.83% | +15.66% | Very High | 0.85% | 0.5% within 90 days | 17.50% |
| ICICI Prudential Infrastructure Fund | 10 | 8,227 | −8.75% | +15.08% | +18.52% | +16.61% | -- | 1.31% | 1% within 15 days | 16.08% |
| HSBC Infrastructure Fund | 11 | 2,379 | +0.36% | +14.81% | -- | -- | Very High | 1.13% | 1% within 90 days | 19.14% |
| Franklin Build India Fund | 12 | 3,024 | −8.90% | +14.52% | +16.46% | +16.06% | -- | 1.15% | 1% within 1 year | 16.53% |
| Sundaram Infrastructure Advantage Fund | 13 | 922 | −3.75% | +14.51% | +13.40% | +13.70% | Very High | 1.82% | 0.5% within 30 days | 16.72% |
| Bandhan Infrastructure Fund | 14 | 1,433 | −8.50% | +14.28% | +14.82% | +15.01% | Very High | 1.07% | 0.5% within 30 days | 19.20% |
| HDFC Infrastructure Fund | 15 | 2,251 | −10.41% | +12.12% | +17.28% | +10.72% | Very High | 1.34% | 1% within 30 days | 16.26% |
| UTI - Infrastructure Fund | 16 | 2,033 | −6.24% | +11.88% | +12.18% | +11.84% | Very High | 2.00% | 1% within 30 days | 15.85% |
| SBI Infrastructure Fund | 17 | 4,701 | −4.59% | +11.54% | +14.62% | +14.43% | -- | 1.19% | -- | 14.59% |
| Tata Infrastructure Fund | 18 | 1,982 | −2.53% | +11.28% | +14.28% | +14.17% | Very High | 1.24% | 0.25% within 30 days | 17.94% |
| Taurus Infrastructure Fund | 19 | 8 | −18.35% | +5.60% | +8.84% | +11.78% | Very High | 2.05% | 1% within 365 days | 17.82% |
| Mirae Asset Infrastructure Fund | -- | 484 | -- | -- | -- | -- | Very High | 0.82% | 1% within 1 month | -- |
| Motilal Oswal Infrastructure Fund | -- | 152 | −0.70% | -- | -- | -- | Very High | 1.61% | 1% within 3 months | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Infrastructure Funds Bought and Sold in September 2026
What the 5 largest Infrastructure funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| NTPC Ltd.ICICI Prudential Infrastructure, SBI Infrastructure | 1 fund | 1 fund |
| HDFC Bank LimitedNippon India Power & Infra | 1 fund | -- |
| Multi Commodity Exchange of India LimitedNippon India Power & Infra | 1 fund | -- |
| Elevate Campuses Ltd.SBI Infrastructure | 1 fund | -- |
| Premier Energies Ltd.ICICI Prudential Infrastructure | 1 fund | -- |
| Tata Communications LimitedNippon India Power & Infra | 1 fund | -- |
| Bharat Forge LimitedDSP India T.I.G.E.R. | 1 fund | -- |
| Aequs LimitedNippon India Power & Infra | 1 fund | -- |
| Praj Industries Ltd.ICICI Prudential Infrastructure | 1 fund | -- |
| Orient Cables (India) LimitedNippon India Power & Infra | 1 fund | -- |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| UltraTech Cement LimitedNippon India Power & Infra, SBI Infrastructure | -- | 2 funds |
| ICICI Bank LimitedQuant Infrastructure | 1 fund | -- |
| Welspun Corp LimitedQuant Infrastructure | 1 fund | -- |
| Adani Enterprises Ltd.SBI Infrastructure | 1 fund | -- |
| DLF LimitedQuant Infrastructure | 1 fund | -- |
| JSW Infrastructure LimitedQuant Infrastructure | 1 fund | -- |
| Ajax Engineering Ltd.SBI Infrastructure | 1 fund | -- |
| Oil & Natural Gas Corporation LimitedNippon India Power & Infra | 1 fund | -- |
| ABB India LimitedNippon India Power & Infra | 1 fund | -- |
| KEI Industries LimitedNippon India Power & Infra | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: ICICI Prudential Infrastructure Fund, Nippon India Power & Infra Fund, DSP India T.I.G.E.R. Fund, SBI Infrastructure Fund, Quant Infrastructure Fund.
Compare Infrastructure Funds
The largest funds of the category, side by side
- ICICI Prudential Infrastructure vs Nippon India Power & Infra
- ICICI Prudential Infrastructure vs DSP India T.I.G.E.R.
- ICICI Prudential Infrastructure vs SBI Infrastructure
- Nippon India Power & Infra vs DSP India T.I.G.E.R.
- Nippon India Power & Infra vs SBI Infrastructure
- DSP India T.I.G.E.R. vs SBI Infrastructure
How Infrastructure Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Infrastructure Fund?
Sector and theme funds that invest in companies that build or run roads, power, ports, telecom and other infrastructure. SEBI requires at least 80% of such a fund in its sector or theme.
Other sector and theme categories: Banking & Financial Services · Technology · Healthcare & Pharma · Consumption · Manufacturing · PSU · Energy & Commodities · MNC · ESG · Business Cycle · Transport & Auto
Infrastructure Funds: Frequently Asked Questions
Which are the top Infrastructure mutual funds?
By 3 year return, the top Infrastructure funds are 1. LIC MF Infrastructure Fund (21.0% a year), 2. Bank of India Manufacturing & Infrastructure Fund (21.0% a year), 3. DSP India T.I.G.E.R. Fund (18.9% a year), 4. Canara Robeco Infrastructure Fund (17.5% a year), 5. Aditya Birla Sun Life Infrastructure Fund (16.6% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Infrastructure funds are there?
21 Infrastructure funds are open for investment, from 21 fund houses.
What is a Infrastructure fund?
Sector and theme funds that invest in companies that build or run roads, power, ports, telecom and other infrastructure. SEBI requires at least 80% of such a fund in its sector or theme.
What is the average return of Infrastructure funds?
1 year: -3.2%, 3 years: 15.0% a year, 5 years: 16.1% a year. The simple average of every Infrastructure fund's Direct plan.
Which Infrastructure fund has the lowest expense ratio?
Mirae Asset Infrastructure Fund, at 0.82% a year (Direct plan), as reported to AMFI.
Which is the largest Infrastructure fund?
ICICI Prudential Infrastructure Fund, with ₹8,227 Cr of investors' money on 30-09-2026.
How are Infrastructure funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.