Aditya Birla Sun Life BSE India Infrastructure Index Fund vs HDFC Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life BSE India Infrastructure Index Fund is an Index fund and HDFC Infrastructure Fund is a Thematic fund. In the year to 30-10-2026, Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct) returned −11.3% and HDFC Infrastructure Fund (Direct) returned −10.4%. Aditya Birla Sun Life BSE India Infrastructure Index Fund charges 0.57% a year and HDFC Infrastructure Fund 1.34% (Direct plans). Their portfolios overlap 37.0%: they hold 17 of the same securities.
Aditya Birla Sun Life BSE India Infrastructure Index Fund
Index
- 1 year return
- −11.3%
- Expense ratio
- 0.57%
- NAV
- ₹8.51
HDFC Infrastructure Fund
Thematic
- 1 year return
- −10.4%
- Expense ratio
- 1.34%
- NAV
- ₹48.58
Which is better, Aditya Birla Sun Life BSE India Infrastructure Index or HDFC Infrastructure? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Infrastructure returned more over 1 year: −10.4% against −11.3%.
- Aditya Birla Sun Life BSE India Infrastructure Index costs less: 0.57% a year against 1.34% (Direct plans).
- HDFC Infrastructure fell less in its worst fall since 05-12-2024: −19.2% against −22.7%.
- Aditya Birla Sun Life BSE India Infrastructure Index holds more in large companies: 65.1% of the fund in large caps against 49.3%.
- HDFC Infrastructure is the larger fund: ₹2,251 Cr against ₹29 Cr.
- Their portfolios overlap 37.0%: 17 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life BSE India Infrastructure Index Fund | HDFC Infrastructure Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | HDFC Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹29 Cr (30-09-2026) | ₹2,251 Cr (30-09-2026) |
| NAV | ₹8.51 (Direct) | ₹48.58 (Direct) |
| Expense ratio (Direct) | 0.57% | 1.34% |
| Expense ratio (Regular) | 1.13% | 2.21% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | BSE India Infrastructure TRI |
| Launch date | 02-12-2024 | 10-03-2008 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar |
| Exit load | Exit load of 0.05%, if redeemed within 30 days. | In respect of each purchase/switch in of units- an Exit load of 1% is payable if units are redeemed/switched out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed/switched-out after 30 days from the date of allotment. |
Aditya Birla Sun Life BSE India Infrastructure Index vs HDFC Infrastructure: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct) | −2.58% | −8.39% | −13.46% | −11.33% | -- | -- | -- |
| HDFC Infrastructure Fund (Direct) | −4.33% | −6.58% | −7.77% | −10.41% | +12.12% | +17.28% | +10.72% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Aditya Birla Sun Life BSE India Infrastructure Index vs HDFC Infrastructure: Year-wise Returns
| Year | Aditya Birla Sun Life BSE India Infrastructure IndexAditya Birla Sun Life BSE India Infrastructure Index | HDFC InfrastructureHDFC Infrastructure | BSE India Infrastructure Index TRI |
|---|---|---|---|
| 2026to date | −7.31% | −7.85% | −7.07% |
| 2025 | −2.76% | +3.18% | −2.32% |
| 2024 | -- | +24.21% | +30.02% |
| 2023 | -- | +56.54% | +61.08% |
| 2022 | -- | +20.17% | +15.07% |
| 2021 | -- | +44.15% | +51.72% |
Aditya Birla Sun Life BSE India Infrastructure Index vs HDFC Infrastructure: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 222 of them, one for each trading day from 05-12-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct)
HDFC Infrastructure Fund (Direct)
BSE India Infrastructure Index TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life BSE India Infrastructure Index | 43.7 | 30.2 | 14.4 | 8.1 | 3.6 | 0.0 | 0.0 | 1.0% | 0.6% | −13.7% | 17.1% | 0% |
| HDFC Infrastructure | 40.3 | 29.9 | 19.0 | 4.1 | 6.8 | 0.0 | 0.0 | 2.6% | 0.9% | −11.6% | 19.7% | 57% |
| BSE India Infrastructure Index TRI | 40.1 | 32.0 | 14.9 | 9.5 | 3.6 | 0.0 | 0.0 | 1.4% | 1.0% | −13.4% | 17.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE India Infrastructure Index TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 05-12-2024. Past returns do not promise future returns.
Aditya Birla Sun Life BSE India Infrastructure Index vs HDFC Infrastructure: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 05-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life BSE India Infrastructure IndexAditya Birla Sun Life BSE India Infrastructure Index Fund (Direct) | ₹2,30,000 | ₹2,13,932 | −₹16,068 | −7.1% |
| HDFC InfrastructureHDFC Infrastructure Fund (Direct) | ₹2,30,000 | ₹2,18,881 | −₹11,119 | −4.9% |
Aditya Birla Sun Life BSE India Infrastructure IndexAditya Birla Sun Life BSE India Infrastructure Index Fund (Direct)
HDFC InfrastructureHDFC Infrastructure Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life BSE India Infrastructure Index vs HDFC Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct) | HDFC Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.33% | −10.41% |
| Standard deviation | 17.33% | 15.10% |
| Sharpe ratio | -0.96 | -1.04 |
| Sortino ratio | -1.28 | -1.36 |
| Maximum drawdown | −18.1% (23-10-2026) | −14.3% (31-03-2026) |
| Beta | 1.00 | 0.81 |
| Alpha | −0.33% | −2.43% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct) | HDFC Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.34% | +11.23% |
| Standard deviation | 19.22% | 20.38% |
| Sharpe ratio | -0.72 | 0.25 |
| Sortino ratio | -0.97 | 0.34 |
| Maximum drawdown | −22.7% (28-02-2025) | −63.1% (23-03-2020) |
| Beta | 1.00 | 0.83 |
| Alpha | −0.37% | −0.98% |
From daily NAVs, 05-12-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct)
HDFC Infrastructure Fund (Direct)
BSE India Infrastructure Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct) | −22.7% | 09-12-2024 | 28-02-2025 | Not yet | -- | −16.5% |
| HDFC Infrastructure Fund (Direct) | −19.2% | 16-12-2024 | 03-03-2025 | 27-10-2025 | 8 months | −10.7% |
| BSE India Infrastructure Index TRI | −22.7% | 09-12-2024 | 28-02-2025 | Not yet | -- | −15.9% |
From daily values since 05-12-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct)
HDFC Infrastructure Fund (Direct)
BSE India Infrastructure Index TRI
Against BSE India Infrastructure Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life BSE India Infrastructure Index Fund (Direct) | 99% | 101% | 0.09% |
| HDFC Infrastructure Fund (Direct) | 84% | 79% | 7.11% |
From month-end values since 05-12-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life BSE India Infrastructure Index vs HDFC Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life BSE India Infrastructure Index Fund, September 2026; HDFC Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 37.0%
- Held by both
- 17
- Only in Aditya Birla Sun Life BSE India Infrastructure Index
- 13
- Only in HDFC Infrastructure
- 55
| Security | % of Aditya Birla Sun Life BSE India Infrastructure Index | % of HDFC Infrastructure |
|---|---|---|
| Larsen & Toubro Ltd. | 9.87% | 7.03% |
| Kalpataru Projects International Ltd. | 5.90% | 4.40% |
| Interglobe Aviation Ltd. | 7.50% | 4.35% |
| Adani Ports and Special Economic Zone Ltd. | 9.40% | 3.44% |
| NTPC Ltd. | 8.30% | 3.23% |
| Power Grid Corporation of India Ltd. | 6.44% | 2.12% |
| Adani Power Ltd. | 4.69% | 1.88% |
| Power Finance Corporation Ltd. | 3.18% | 1.87% |
| JSW Infrastructure Ltd. | 1.45% | 1.82% |
| NCC Ltd. | 1.96% | 1.35% |
| Oil & Natural Gas Corporation Ltd. | 5.90% | 1.30% |
| Tata Power Company Ltd. | 3.24% | 1.16% |
| GAIL (India) Ltd. | 3.09% | 1.10% |
| Adani Green Energy Ltd. | 2.28% | 0.96% |
| JSW Energy Ltd. | 1.61% | 0.53% |
| GMR Airports Ltd. | 2.23% | 0.51% |
| Gujarat Pipavav Port Ltd. | 0.30% | 1.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.0% means 37.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life BSE India Infrastructure Index Fund
| Security | % of fund |
|---|---|
| Rail Vikas Nigam Ltd. | 4.31% |
| NBCC (India) Ltd. | 3.06% |
| IRB Infrastructure Developers Ltd. | 2.56% |
| REC Ltd. | 2.49% |
| KEC International Ltd. | 1.87% |
Largest holdings only in HDFC Infrastructure Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 3.49% |
| J.Kumar Infraprojects Ltd. | 2.88% |
| TD Power Systems Ltd. | 2.51% |
| G R Infraprojects Limited | 1.99% |
| HDFC Bank Ltd. | 1.73% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life BSE India Infrastructure Index | HDFC Infrastructure |
|---|---|---|
| Equity | 99.9% | 97.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 2.7% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life BSE India Infrastructure Index | HDFC Infrastructure |
|---|---|---|
| Large Cap | 65.1% | 49.3% |
| Mid Cap | 17.6% | 9.0% |
| Small Cap | 17.2% | 34.8% |
| Not on AMFI's list | 0.0% | 4.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life BSE India Infrastructure Index | HDFC Infrastructure |
|---|---|---|
| Power | 29.8% | 11.6% |
| Construction | 29.5% | 21.2% |
| Transport Infrastructure | 13.4% | 7.0% |
| Transport Services | 8.6% | 8.7% |
| Electrical Equipment | 0.0% | 8.3% |
| Finance | 8.0% | 3.6% |
| Oil | 7.5% | 1.3% |
| Banks | 0.0% | 6.7% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life BSE India Infrastructure Index vs HDFC Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life BSE India Infrastructure Index Fund | HDFC Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.57% | 1.34% |
| Base expense ratio (Direct) | 0.38% | 0.99% |
| Total expense ratio (Regular) | 1.13% | 2.21% |
| Base expense ratio (Regular) | 0.88% | 1.74% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Aditya Birla Sun Life BSE India Infrastructure Index Fund vs HDFC Infrastructure Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life BSE India Infrastructure Index Fund and HDFC Infrastructure Fund?
Aditya Birla Sun Life BSE India Infrastructure Index Fund is an Index fund, HDFC Infrastructure Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 37.0%. Aditya Birla Sun Life BSE India Infrastructure Index Fund charges 0.57% a year and HDFC Infrastructure Fund 1.34%.
Which has given higher returns, Aditya Birla Sun Life BSE India Infrastructure Index Fund or HDFC Infrastructure Fund?
Over 1 year: Aditya Birla Sun Life BSE India Infrastructure Index Fund −11.33%, HDFC Infrastructure Fund −10.41%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life BSE India Infrastructure Index Fund or HDFC Infrastructure Fund?
Aditya Birla Sun Life BSE India Infrastructure Index Fund charges less: 0.57% a year against 1.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life BSE India Infrastructure Index Fund and HDFC Infrastructure Fund overlap?
37.0%. They hold 17 of the same securities, the largest shared ones being LT, KPIL, INDIGO. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life BSE India Infrastructure Index Fund or HDFC Infrastructure Fund?
On SEBI's riskometer, Aditya Birla Sun Life BSE India Infrastructure Index Fund is rated Very High and HDFC Infrastructure Fund Very High. Over 1 years, the standard deviation of daily returns was 17.33% and 15.10% a year.
Can I invest in both Aditya Birla Sun Life BSE India Infrastructure Index Fund and HDFC Infrastructure Fund?
Yes. 37.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life BSE India Infrastructure Index Fund and HDFC Infrastructure Fund?
Aditya Birla Sun Life BSE India Infrastructure Index Fund: Priya Sridhar, Mehul Dama. HDFC Infrastructure Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.