Bank of India Manufacturing & Infrastructure Fund vs Sundaram Infrastructure Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Manufacturing & Infrastructure Fund is a Thematic fund and Sundaram Infrastructure Advantage Fund is a Thematic fund. In the 3 years to 30-10-2026, Bank of India Manufacturing & Infrastructure Fund (Direct) returned 21.0% a year and Sundaram Infrastructure Advantage Fund (Direct) returned 14.5% a year. Bank of India Manufacturing & Infrastructure Fund charges 0.99% a year and Sundaram Infrastructure Advantage Fund 1.82% (Direct plans). Their portfolios overlap 24.6%: they hold 11 of the same securities.
Bank of India Manufacturing & Infrastructure Fund
Thematic
- 3 year return
- 21.0%
- Expense ratio
- 0.99%
- NAV
- ₹75.88
Sundaram Infrastructure Advantage Fund
Thematic
- 3 year return
- 14.5%
- Expense ratio
- 1.82%
- NAV
- ₹100.89
Which is better, Bank of India Manufacturing & Infrastructure or Sundaram Infrastructure Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Manufacturing & Infrastructure returned more over 5 years: 19.6% a year against 13.4%.
- Bank of India Manufacturing & Infrastructure returned more over 3 years: 21.0% a year against 14.5%.
- Bank of India Manufacturing & Infrastructure costs less: 0.99% a year against 1.82% (Direct plans).
- Sundaram Infrastructure Advantage swung less over 3 years: a standard deviation of 16.7% a year against 17.1%.
- Bank of India Manufacturing & Infrastructure fell less in its worst fall since 07-04-2014: −43.5% against −50.6%.
- Sundaram Infrastructure Advantage holds more in large companies: 61.1% of the fund in large caps against 30.5%.
- Bank of India Manufacturing & Infrastructure is the larger fund: ₹984 Cr against ₹922 Cr.
- Their portfolios overlap 24.6%: 11 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 | Bank of India Manufacturing & Infrastructure Fund | Sundaram Infrastructure Advantage Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Sundaram Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹984 Cr (30-09-2026) | ₹922 Cr (30-09-2026) |
| NAV | ₹75.88 (Direct) | ₹100.89 (Direct) |
| Expense ratio (Direct) | 0.99% | 1.82% |
| Expense ratio (Regular) | 2.53% | 2.34% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Manufacturing Total Return Index (TRI) - 50% & BSE India Infrastructure Total Return Index (TRI) - 50% | Nifty Infrastructure TRI |
| Launch date | 05-03-2010 | 01-09-2005 |
| Minimum investment | ₹5,000 | For both Regular and Direct Plan Rs. 100/– |
| Lock in | None | None |
| Fund managers | Nitin Gosar, 2022) | Siddarth Mohta, Shalav Saket |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | 0.5% - For redemption, withdrawn by way of SWP or transfer by way of Switch/STP within 30 days from the date of allotment. NIL - For redemption or withdrawn by way of SWP or transfer by way of Switch/STP after 30 days from the date of allotment Further, exit load will be waived on Intra-scheme Switch-outs/STP. Generally, the exit load will be calculated on First in First out (FIFO) basis. |
Bank of India Manufacturing & Infrastructure vs Sundaram Infrastructure Advantage: 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Manufacturing & Infrastructure Fund (Direct) | −3.85% | −4.00% | +2.00% | +9.04% | +21.01% | +19.64% | +18.81% |
| Sundaram Infrastructure Advantage Fund (Direct) | −2.95% | −7.01% | −8.20% | −3.75% | +14.51% | +13.40% | +13.70% |
| 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.
Bank of India Manufacturing & Infrastructure vs Sundaram Infrastructure Advantage: Year-wise Returns
| Year | Bank of India Manufacturing & InfrastructureBank of India Manufacturing & Infrastructure | Sundaram Infrastructure AdvantageSundaram Infrastructure Advantage |
|---|---|---|
| 2026to date | +8.25% | −2.69% |
| 2025 | +9.48% | +4.69% |
| 2024 | +27.60% | +24.57% |
| 2023 | +46.43% | +42.48% |
| 2022 | +4.74% | +2.65% |
| 2021 | +54.41% | +50.24% |
Bank of India Manufacturing & Infrastructure vs Sundaram Infrastructure Advantage: Rolling Returns
Every holding period of both funds, against Nifty Infrastructure TRI, the benchmark of Sundaram Infrastructure Advantage Fund
Rolling returns
Every 3-year holding period, 2,356 of them, one for each trading day from 07-04-2017 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.
Bank of India Manufacturing & Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage Fund (Direct)
Nifty Infrastructure TRI
to
Jan 2018Aug 2016
to
Aug 2019Apr 2018
to
Apr 2021Nov 2019
to
Nov 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Manufacturing & Infrastructure | 3.0 | 7.3 | 12.7 | 12.8 | 11.1 | 12.2 | 40.8 | 19.6% | 21.7% | −5.8% | 41.4% | 94% |
| Sundaram Infrastructure Advantage | 9.4 | 5.0 | 11.7 | 17.4 | 17.2 | 20.7 | 18.6 | 15.9% | 16.9% | −11.6% | 39.0% | 66% |
| Nifty Infrastructure TRI | 7.1 | 18.6 | 16.2 | 6.3 | 15.8 | 19.6 | 16.3 | 14.1% | 16.5% | −9.8% | 36.1% | -- |
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 Nifty Infrastructure 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 07-04-2014. Past returns do not promise future returns.
Bank of India Manufacturing & Infrastructure vs Sundaram Infrastructure Advantage: 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 01-04-2014 to 30-10-2026: 151 instalments, ₹15,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Manufacturing & InfrastructureBank of India Manufacturing & Infrastructure Fund (Direct) | ₹15,10,000 | ₹55,78,567 | ₹40,68,567 | 19.2% |
| Sundaram Infrastructure AdvantageSundaram Infrastructure Advantage Fund (Direct) | ₹15,10,000 | ₹39,53,108 | ₹24,43,108 | 14.3% |
Bank of India Manufacturing & InfrastructureBank of India Manufacturing & Infrastructure Fund (Direct)
Sundaram Infrastructure AdvantageSundaram Infrastructure Advantage 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.
Bank of India Manufacturing & Infrastructure vs Sundaram Infrastructure Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Manufacturing & Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.04% | −3.75% |
| Standard deviation | 14.70% | 15.09% |
| Sharpe ratio | 0.26 | -0.60 |
| Sortino ratio | 0.36 | -0.81 |
| Maximum drawdown | −9.3% (23-03-2026) | −13.5% (23-10-2026) |
| Beta | -- | 0.93 |
| Alpha | -- | +3.05% |
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 | Bank of India Manufacturing & Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.01% | +14.51% |
| Standard deviation | 17.14% | 16.72% |
| Sharpe ratio | 0.87 | 0.51 |
| Sortino ratio | 1.18 | 0.67 |
| Maximum drawdown | −24.2% (03-03-2025) | −22.6% (28-02-2025) |
| Beta | -- | 0.94 |
| Alpha | -- | +1.13% |
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 | Bank of India Manufacturing & Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +19.64% | +13.40% |
| Standard deviation | 16.43% | 15.95% |
| Sharpe ratio | 0.84 | 0.48 |
| Sortino ratio | 1.13 | 0.63 |
| Maximum drawdown | −24.2% (03-03-2025) | −22.6% (28-02-2025) |
| Beta | -- | 0.92 |
| Alpha | -- | +1.09% |
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 | Bank of India Manufacturing & Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.10% | +15.22% |
| Standard deviation | 17.01% | 17.29% |
| Sharpe ratio | 0.65 | 0.54 |
| Sortino ratio | 0.88 | 0.73 |
| Maximum drawdown | −43.5% (23-03-2020) | −50.6% (24-03-2020) |
| Beta | -- | 0.82 |
| Alpha | -- | +4.67% |
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.
Bank of India Manufacturing & Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage Fund (Direct)
Nifty Infrastructure TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Manufacturing & Infrastructure Fund (Direct) | −43.5% | 15-01-2018 | 23-03-2020 | 30-12-2020 | 9 months | −5.8% |
| Sundaram Infrastructure Advantage Fund (Direct) | −50.6% | 08-01-2018 | 24-03-2020 | 18-02-2021 | 11 months | −11.4% |
| Nifty Infrastructure TRI | −41.0% | 05-01-2018 | 23-03-2020 | 04-12-2020 | 8 months | −9.3% |
From daily values since 07-04-2014, 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.
Bank of India Manufacturing & Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage Fund (Direct)
Nifty Infrastructure 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.
Bank of India Manufacturing & Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage Fund (Direct)
Nifty Infrastructure 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.
Bank of India Manufacturing & Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage Fund (Direct)
Nifty Infrastructure TRI
Against Nifty Infrastructure TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bank of India Manufacturing & Infrastructure Fund (Direct) | 95% | 59% | 9.50% |
| Sundaram Infrastructure Advantage Fund (Direct) | 98% | 79% | 9.34% |
From month-end values since 07-04-2014. 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.
Bank of India Manufacturing & Infrastructure vs Sundaram Infrastructure Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Manufacturing & Infrastructure Fund, September 2026; Sundaram Infrastructure Advantage Fund, September 2026
Holdings in common
- Overlap
- 24.6%
- Held by both
- 11
- Only in Bank of India Manufacturing & Infrastructure
- 47
- Only in Sundaram Infrastructure Advantage
- 41
| Security | % of Bank of India Manufacturing & Infrastructure | % of Sundaram Infrastructure Advantage |
|---|---|---|
| Reliance Industries Limited | 7.11% | 6.57% |
| Larsen & Toubro Limited | 4.87% | 8.07% |
| NTPC Limited | 4.95% | 4.69% |
| Bharti Airtel Limited | 3.10% | 7.91% |
| Adani Ports and Special Economic Zone Limited | 1.36% | 1.95% |
| Kalpataru Projects International Limited | 1.02% | 2.37% |
| Sobha Limited | 1.08% | 0.89% |
| TD Power Systems Limited | 0.80% | 1.45% |
| S.J.S. Enterprises Limited | 0.69% | 2.45% |
| JK Cement Limited | 0.30% | 1.38% |
| Tata Steel Limited | 0.30% | 0.60% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.6% means 24.6% 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 Bank of India Manufacturing & Infrastructure Fund
| Security | % of fund |
|---|---|
| ITC Limited | 3.52% |
| Quality Power Electrical Eqp Ltd | 3.30% |
| Petronet LNG Limited | 3.19% |
| Aurobindo Pharma Limited | 2.88% |
| Dixon Technologies (India) Limited | 2.81% |
Largest holdings only in Sundaram Infrastructure Advantage Fund
| Security | % of fund |
|---|---|
| Ultratech Cement Ltd | 3.33% |
| Kirloskar Oil Engines Ltd | 3.30% |
| Bharat Electronics Ltd | 2.84% |
| Hitachi Energy India Ltd | 2.33% |
| GE Vernova T and D India Ltd | 2.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Manufacturing & Infrastructure | Sundaram Infrastructure Advantage |
|---|---|---|
| Equity | 89.6% | 97.2% |
| Debt | 0.1% | 0.0% |
| Cash and others | 10.3% | 2.8% |
Market cap of stocks
| Market cap | Bank of India Manufacturing & Infrastructure | Sundaram Infrastructure Advantage |
|---|---|---|
| Large Cap | 30.5% | 61.1% |
| Mid Cap | 23.4% | 14.9% |
| Small Cap | 30.2% | 18.9% |
| Not on AMFI's list | 5.5% | 2.3% |
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 | Bank of India Manufacturing & Infrastructure | Sundaram Infrastructure Advantage |
|---|---|---|
| Pharmaceuticals & Biotechnology | 14.6% | 0.0% |
| Electrical Equipment | 4.1% | 14.4% |
| Construction | 9.9% | 11.3% |
| Telecom - Services | 3.1% | 10.2% |
| Power | 5.0% | 9.8% |
| Petroleum Products | 7.1% | 8.5% |
| Industrial Products | 3.0% | 8.0% |
| Auto Components | 6.0% | 6.8% |
| Consumer Durables | 6.1% | 0.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Manufacturing & Infrastructure vs Sundaram Infrastructure Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Manufacturing & Infrastructure Fund | Sundaram Infrastructure Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.99% | 1.82% |
| Base expense ratio (Direct) | 0.61% | 1.52% |
| Total expense ratio (Regular) | 2.53% | 2.34% |
| Base expense ratio (Regular) | 1.92% | 1.97% |
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
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Compare Sundaram Infrastructure Advantage with
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Bank of India Manufacturing & Infrastructure Fund vs Sundaram Infrastructure Advantage Fund: Frequently Asked Questions
What is the difference between Bank of India Manufacturing & Infrastructure Fund and Sundaram Infrastructure Advantage Fund?
Bank of India Manufacturing & Infrastructure Fund is a Thematic fund, Sundaram Infrastructure Advantage Fund is a Thematic fund, run by Bank of India Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 24.6%. Bank of India Manufacturing & Infrastructure Fund charges 0.99% a year and Sundaram Infrastructure Advantage Fund 1.82%.
Which has given higher returns, Bank of India Manufacturing & Infrastructure Fund or Sundaram Infrastructure Advantage Fund?
Over 1 year: Bank of India Manufacturing & Infrastructure Fund +9.04%, Sundaram Infrastructure Advantage Fund −3.75%. Over 3 years: Bank of India Manufacturing & Infrastructure Fund +21.01% a year, Sundaram Infrastructure Advantage Fund +14.51% a year. Over 5 years: Bank of India Manufacturing & Infrastructure Fund +19.64% a year, Sundaram Infrastructure Advantage Fund +13.40% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Manufacturing & Infrastructure Fund or Sundaram Infrastructure Advantage Fund?
Bank of India Manufacturing & Infrastructure Fund charges less: 0.99% a year against 1.82%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Manufacturing & Infrastructure Fund and Sundaram Infrastructure Advantage Fund overlap?
24.6%. They hold 11 of the same securities, the largest shared ones being RELIANCE, LT, NTPC. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Manufacturing & Infrastructure Fund or Sundaram Infrastructure Advantage Fund?
On SEBI's riskometer, Bank of India Manufacturing & Infrastructure Fund is rated Very High and Sundaram Infrastructure Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 17.14% and 16.72% a year.
Which is better for SIP, Bank of India Manufacturing & Infrastructure Fund or Sundaram Infrastructure Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹9,90,804 in Bank of India Manufacturing & Infrastructure Fund (XIRR 19.2% a year) and ₹8,27,365 in Sundaram Infrastructure Advantage Fund (XIRR 12.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bank of India Manufacturing & Infrastructure Fund and Sundaram Infrastructure Advantage Fund?
Yes. 24.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Manufacturing & Infrastructure Fund and Sundaram Infrastructure Advantage Fund?
Bank of India Manufacturing & Infrastructure Fund: Nitin Gosar, 2022). Sundaram Infrastructure Advantage Fund: Siddarth Mohta, Shalav Saket.
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.