Bandhan Infrastructure Fund vs Nippon India Power & Infra Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Infrastructure Fund is a Sectoral fund and Nippon India Power & Infra Fund is a Sectoral fund. In the 3 years to 30-10-2026, Bandhan Infrastructure Fund (Direct) returned 14.3% a year and Nippon India Power & Infra Fund (Direct) returned 16.4% a year. Bandhan Infrastructure Fund charges 1.07% a year and Nippon India Power & Infra Fund 1.11% (Direct plans). Their portfolios overlap 29.9%: they hold 22 of the same securities.
Bandhan Infrastructure Fund
Sectoral
- 3 year return
- 14.3%
- Expense ratio
- 1.07%
- NAV
- ₹54.04
Nippon India Power & Infra Fund
Sectoral
- 3 year return
- 16.4%
- Expense ratio
- 1.11%
- NAV
- ₹381.72
Which is better, Bandhan Infrastructure or Nippon India Power & Infra? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Power & Infra returned more over 5 years: 18.4% a year against 14.8%.
- Nippon India Power & Infra returned more over 3 years: 16.4% a year against 14.3%.
- Bandhan Infrastructure costs less: 1.07% a year against 1.11% (Direct plans).
- Nippon India Power & Infra swung less over 3 years: a standard deviation of 17.7% a year against 19.2%.
- Nippon India Power & Infra fell less in its worst fall since 02-01-2013: −53.2% against −56.9%.
- Nippon India Power & Infra is the larger fund: ₹7,867 Cr against ₹1,433 Cr.
- Their portfolios overlap 29.9%: 22 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 | Bandhan Infrastructure Fund | Nippon India Power & Infra Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Nippon India Mutual Fund |
| Category | Sectoral | Sectoral |
| AUM | ₹1,433 Cr (31-08-2026) | ₹7,867 Cr (30-09-2026) |
| NAV | ₹54.04 (Direct) | ₹381.72 (Direct) |
| Expense ratio (Direct) | 1.07% | 1.11% |
| Expense ratio (Regular) | 2.28% | 1.96% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | Nifty Infrastructure TRI |
| Launch date | 08-03-2011 | 08-05-2004 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Vishal Biraia | Rahul Modi |
| Exit load | Exit load of 0.5%, if redeemed within 30 days. | Exit load of 1% if redeemed within 1 month. |
Bandhan Infrastructure vs Nippon India Power & Infra: 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Infrastructure Fund (Direct) | −4.22% | −7.11% | −5.94% | −8.50% | +14.28% | +14.82% | +15.01% |
| Nippon India Power & Infra Fund (Direct) | −5.27% | −7.40% | −7.57% | −2.17% | +16.41% | +18.38% | +16.60% |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | +14.77% |
Category average: the average of the 20 Sectoral funds, same plan type.
Bandhan Infrastructure vs Nippon India Power & Infra: Year-wise Returns
| Year | Bandhan InfrastructureBandhan Infrastructure | Nippon India Power & InfraNippon India Power & Infra |
|---|---|---|
| 2026to date | −4.62% | +1.60% |
| 2025 | −5.76% | +0.37% |
| 2024 | +41.04% | +27.98% |
| 2023 | +52.16% | +59.03% |
| 2022 | +2.91% | +11.64% |
| 2021 | +66.89% | +49.69% |
Bandhan Infrastructure vs Nippon India Power & Infra: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of Bandhan Infrastructure Fund
Rolling returns
Every 3-year holding period, 2,675 of them, one for each trading day from 04-01-2016 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.
Bandhan Infrastructure Fund (Direct)
Nippon India Power & Infra Fund (Direct)
BSE India Infrastructure Index TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Infrastructure | 9.1 | 5.0 | 6.8 | 13.9 | 16.7 | 20.6 | 27.9 | 18.4% | 19.6% | −15.2% | 44.8% | 66% |
| Nippon India Power & Infra | 8.5 | 3.9 | 11.5 | 15.9 | 14.7 | 13.7 | 31.7 | 18.6% | 18.3% | −13.7% | 43.5% | 71% |
| BSE India Infrastructure Index TRI | 11.9 | 5.6 | 13.9 | 19.4 | 11.2 | 7.1 | 30.8 | 17.0% | 14.6% | −18.3% | 49.6% | -- |
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 02-01-2013. Past returns do not promise future returns.
Bandhan Infrastructure vs Nippon India Power & Infra: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan InfrastructureBandhan Infrastructure Fund (Direct) | ₹16,60,000 | ₹53,69,824 | ₹37,09,824 | 15.6% |
| Nippon India Power & InfraNippon India Power & Infra Fund (Direct) | ₹16,60,000 | ₹59,50,309 | ₹42,90,309 | 16.9% |
Bandhan InfrastructureBandhan Infrastructure Fund (Direct)
Nippon India Power & InfraNippon India Power & Infra 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.
Bandhan Infrastructure vs Nippon India Power & Infra: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Infrastructure Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.50% | −2.17% |
| Standard deviation | 17.56% | 16.74% |
| Sharpe ratio | -0.78 | -0.44 |
| Sortino ratio | -1.05 | -0.60 |
| Maximum drawdown | −17.3% (31-03-2026) | −12.8% (23-10-2026) |
| Beta | 0.94 | 0.99 |
| Alpha | +1.59% | +5.39% |
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 | Bandhan Infrastructure Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.28% | +16.41% |
| Standard deviation | 19.20% | 17.73% |
| Sharpe ratio | 0.43 | 0.59 |
| Sortino ratio | 0.57 | 0.78 |
| Maximum drawdown | −28.8% (03-03-2025) | −25.6% (28-02-2025) |
| Beta | 0.76 | 0.97 |
| Alpha | +1.69% | +2.80% |
From daily NAVs, 30-10-2023 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 | Bandhan Infrastructure Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.82% | +18.38% |
| Standard deviation | 18.24% | 16.86% |
| Sharpe ratio | 0.49 | 0.75 |
| Sortino ratio | 0.66 | 1.00 |
| Maximum drawdown | −28.8% (03-03-2025) | −25.6% (28-02-2025) |
| Beta | 0.76 | 0.95 |
| Alpha | +0.45% | +5.88% |
From daily NAVs, 29-10-2021 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 | Bandhan Infrastructure Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.92% | +14.28% |
| Standard deviation | 18.87% | 18.67% |
| Sharpe ratio | 0.42 | 0.44 |
| Sortino ratio | 0.56 | 0.59 |
| Maximum drawdown | −56.9% (24-03-2020) | −53.2% (24-03-2020) |
| Beta | 0.79 | 0.87 |
| Alpha | +2.08% | +4.30% |
From daily NAVs, 02-01-2013 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.
Bandhan Infrastructure Fund (Direct)
Nippon India Power & Infra 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 |
|---|---|---|---|---|---|---|
| Bandhan Infrastructure Fund (Direct) | −56.9% | 08-01-2018 | 24-03-2020 | 21-05-2021 | 14 months | −18.6% |
| Nippon India Power & Infra Fund (Direct) | −53.2% | 15-01-2018 | 24-03-2020 | 03-03-2021 | 11 months | −10.8% |
| BSE India Infrastructure Index TRI | −55.9% | 08-01-2018 | 23-03-2020 | 04-03-2021 | 11 months | −25.7% |
From daily values since 02-01-2013, 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.
Bandhan Infrastructure Fund (Direct)
Nippon India Power & Infra Fund (Direct)
BSE India Infrastructure Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Infrastructure Fund (Direct)
Nippon India Power & Infra Fund (Direct)
BSE India Infrastructure Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Infrastructure Fund (Direct)
Nippon India Power & Infra Fund (Direct)
BSE India Infrastructure Index TRI
Against BSE India Infrastructure Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Infrastructure Fund (Direct) | 89% | 80% | 10.33% |
| Nippon India Power & Infra Fund (Direct) | 90% | 79% | 11.24% |
From month-end values since 02-01-2013. 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.
Bandhan Infrastructure vs Nippon India Power & Infra: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Infrastructure Fund, August 2026; Nippon India Power & Infra Fund, September 2026
Holdings in common
- Overlap
- 29.9%
- Held by both
- 22
- Only in Bandhan Infrastructure
- 45
- Only in Nippon India Power & Infra
- 62
| Security | % of Bandhan Infrastructure | % of Nippon India Power & Infra |
|---|---|---|
| Larsen & Toubro Limited | 6.15% | 5.33% |
| Reliance Industries Limited | 4.81% | 7.03% |
| NTPC Limited | 3.36% | 5.17% |
| Bharti Airtel Limited | 3.80% | 2.30% |
| UltraTech Cement Limited | 3.88% | 1.95% |
| Acme Solar Holdings Ltd | 1.39% | 2.18% |
| Tata Power Company Limited | 1.36% | 1.73% |
| Adani Ports and Special Economic Zone Limited | 3.41% | 1.17% |
| CG Power and Industrial Solutions Limited | 1.11% | 1.49% |
| Carborundum Universal Limited | 1.01% | 2.39% |
| JSW Energy Limited | 0.86% | 1.38% |
| InterGlobe Aviation Limited | 3.96% | 0.70% |
| GAIL (India) Limited | 1.28% | 0.69% |
| PNC Infratech Limited | 1.07% | 0.66% |
| Ambuja Cements Limited | 0.65% | 1.99% |
| Sona BLW Precision Forgings Limited | 0.61% | 1.27% |
| Cummins India Limited | 0.48% | 1.27% |
| Siemens Energy India Limited | 0.39% | 0.92% |
| NHPC Limited | 1.90% | 0.37% |
| Siemens Limited | 0.33% | 0.57% |
| KEC International Limited | 1.35% | 0.26% |
| GE Vernova T&D India Limited | 0.15% | 0.69% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.9% means 29.9% 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 Bandhan Infrastructure Fund
| Security | % of fund |
|---|---|
| Kirloskar Brothers Limited | 5.06% |
| Bharat Electronics Limited | 3.79% |
| GPT Infraprojects Limited | 3.66% |
| Azad Engineering Ltd | 3.32% |
| Adani Energy Solutions Limited | 3.08% |
Largest holdings only in Nippon India Power & Infra Fund
| Security | % of fund |
|---|---|
| NTPC Green Energy Limited | 4.29% |
| Bharat Heavy Electricals Limited | 3.38% |
| Power Finance Corporation Limited | 2.72% |
| Hindustan Aeronautics Limited | 2.20% |
| Triveni Turbine Limited | 2.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Infrastructure | Nippon India Power & Infra |
|---|---|---|
| Equity | 98.3% | 99.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.7% | 0.7% |
Market cap of stocks
| Market cap | Bandhan Infrastructure | Nippon India Power & Infra |
|---|---|---|
| Large Cap | 48.7% | 47.1% |
| Mid Cap | 9.4% | 23.1% |
| Small Cap | 40.1% | 25.0% |
| Not on AMFI's list | 0.1% | 4.0% |
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 | Bandhan Infrastructure | Nippon India Power & Infra |
|---|---|---|
| Construction | 18.6% | 7.0% |
| Power | 14.8% | 18.3% |
| Electrical Equipment | 7.3% | 15.2% |
| Industrial Products | 9.2% | 6.3% |
| Auto Components | 2.4% | 7.6% |
| Petroleum Products | 4.8% | 7.0% |
| Aerospace & Defense | 6.2% | 5.4% |
| Transport Services | 5.9% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Infrastructure vs Nippon India Power & Infra: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Infrastructure Fund | Nippon India Power & Infra Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.07% | 1.11% |
| Base expense ratio (Direct) | 0.81% | 0.81% |
| Total expense ratio (Regular) | 2.28% | 1.96% |
| Base expense ratio (Regular) | 1.85% | 1.54% |
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
Compare Bandhan Infrastructure with
Bandhan Infrastructure Fund vs Nippon India Power & Infra Fund: Frequently Asked Questions
What is the difference between Bandhan Infrastructure Fund and Nippon India Power & Infra Fund?
Bandhan Infrastructure Fund is a Sectoral fund, Nippon India Power & Infra Fund is a Sectoral fund, run by Bandhan Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 29.9%. Bandhan Infrastructure Fund charges 1.07% a year and Nippon India Power & Infra Fund 1.11%.
Which has given higher returns, Bandhan Infrastructure Fund or Nippon India Power & Infra Fund?
Over 1 year: Bandhan Infrastructure Fund −8.50%, Nippon India Power & Infra Fund −2.17%. Over 3 years: Bandhan Infrastructure Fund +14.28% a year, Nippon India Power & Infra Fund +16.41% a year. Over 5 years: Bandhan Infrastructure Fund +14.82% a year, Nippon India Power & Infra Fund +18.38% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Infrastructure Fund or Nippon India Power & Infra Fund?
Bandhan Infrastructure Fund charges less: 1.07% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Infrastructure Fund and Nippon India Power & Infra Fund overlap?
29.9%. They hold 22 of the same securities, the largest shared ones being LT, RELIANCE, NTPC. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Infrastructure Fund or Nippon India Power & Infra Fund?
On SEBI's riskometer, Bandhan Infrastructure Fund is rated Very High and Nippon India Power & Infra Fund Very High. Over 3 years, the standard deviation of daily returns was 19.20% and 17.73% a year.
Which is better for SIP, Bandhan Infrastructure Fund or Nippon India Power & Infra Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,33,724 in Bandhan Infrastructure Fund (XIRR 12.3% a year) and ₹9,13,150 in Nippon India Power & Infra Fund (XIRR 15.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Infrastructure Fund and Nippon India Power & Infra Fund?
Yes. 29.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Infrastructure Fund and Nippon India Power & Infra Fund?
Bandhan Infrastructure Fund: Vishal Biraia. Nippon India Power & Infra Fund: Rahul Modi.
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.