DSP India T.I.G.E.R. Fund vs HSBC Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP India T.I.G.E.R. Fund is a Thematic fund and HSBC Infrastructure Fund is a Sectoral fund. In the 3 years to 30-10-2026, DSP India T.I.G.E.R. Fund (Direct) returned 18.9% a year and HSBC Infrastructure Fund (Direct) returned 14.8% a year. DSP India T.I.G.E.R. Fund charges 1.06% a year and HSBC Infrastructure Fund 1.13% (Direct plans). Their portfolios overlap 35.6%: they hold 20 of the same securities.
DSP India T.I.G.E.R. Fund
Thematic
- 3 year return
- 18.9%
- Expense ratio
- 1.06%
- NAV
- ₹364.64
HSBC Infrastructure Fund
Sectoral
- 3 year return
- 14.8%
- Expense ratio
- 1.13%
- NAV
- ₹53.76
Which is better, DSP India T.I.G.E.R. or HSBC Infrastructure? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP India T.I.G.E.R. returned more over 3 years: 18.9% a year against 14.8%.
- DSP India T.I.G.E.R. returned more over 1 year: 4.4% against 0.4%.
- DSP India T.I.G.E.R. costs less: 1.06% a year against 1.13% (Direct plans).
- DSP India T.I.G.E.R. swung less over 3 years: a standard deviation of 16.9% a year against 19.1%.
- HSBC Infrastructure fell less in its worst fall since 28-11-2022: −25.4% against −25.8%.
- DSP India T.I.G.E.R. is the larger fund: ₹6,265 Cr against ₹2,379 Cr.
- Their portfolios overlap 35.6%: 20 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 | DSP India T.I.G.E.R. Fund | HSBC Infrastructure Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | HSBC Mutual Fund |
| Category | Thematic | Sectoral |
| AUM | ₹6,265 Cr (30-09-2026) | ₹2,379 Cr (30-09-2026) |
| NAV | ₹364.64 (Direct) | ₹53.76 (Direct) |
| Expense ratio (Direct) | 1.06% | 1.13% |
| Expense ratio (Regular) | 2.03% | 2.15% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | Nifty Infrastructure TRI |
| Launch date | 11-06-2004 | 27-09-2007 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rohit Singhania | Venugopal Manghat, Gautam Bhupal, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Holding period from the date of allotment: < 12 months - 1% >= 12 months – Nil (as a % of Applicable NAV) | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 90 days. |
DSP India T.I.G.E.R. vs HSBC 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 |
|---|---|---|---|---|---|---|---|
| DSP India T.I.G.E.R. Fund (Direct) | −4.83% | −7.09% | −3.33% | +4.40% | +18.89% | +19.48% | +16.50% |
| HSBC Infrastructure Fund (Direct) | −4.83% | −2.12% | −4.42% | +0.36% | +14.81% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | -- | -- |
Category average: the average of the 235 Thematic funds and the 20 Sectoral funds, same plan type.
DSP India T.I.G.E.R. vs HSBC Infrastructure: Year-wise Returns
| Year | DSP India T.I.G.E.R.DSP India T.I.G.E.R. | HSBC InfrastructureHSBC Infrastructure |
|---|---|---|
| 2026to date | +6.31% | +3.25% |
| 2025 | −1.48% | −3.38% |
| 2024 | +33.66% | +29.43% |
| 2023 | +50.28% | +52.22% |
| 2022 | +14.82% | -- |
| 2021 | +52.62% | -- |
DSP India T.I.G.E.R. vs HSBC Infrastructure: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of DSP India T.I.G.E.R. Fund
Rolling returns
Every 3-year holding period, 226 of them, one for each trading day from 28-11-2025 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.
DSP India T.I.G.E.R. Fund (Direct)
HSBC Infrastructure Fund (Direct)
BSE India Infrastructure Index TRI
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP India T.I.G.E.R. | 0.0 | 0.0 | 0.0 | 0.0 | 11.9 | 34.5 | 53.5 | 24.7% | 25.3% | 17.4% | 29.4% | 34% |
| HSBC Infrastructure | 0.0 | 0.0 | 0.0 | 7.5 | 33.2 | 58.4 | 0.9 | 20.4% | 21.3% | 13.3% | 25.5% | 12% |
| BSE India Infrastructure Index TRI | 0.0 | 0.0 | 0.0 | 9.3 | 11.5 | 19.5 | 59.7 | 24.6% | 26.5% | 12.9% | 32.7% | -- |
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 28-11-2022. Past returns do not promise future returns.
DSP India T.I.G.E.R. vs HSBC 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 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP India T.I.G.E.R.DSP India T.I.G.E.R. Fund (Direct) | ₹4,80,000 | ₹6,34,079 | ₹1,54,079 | 14.0% |
| HSBC InfrastructureHSBC Infrastructure Fund (Direct) | ₹4,80,000 | ₹5,94,392 | ₹1,14,392 | 10.7% |
DSP India T.I.G.E.R.DSP India T.I.G.E.R. Fund (Direct)
HSBC InfrastructureHSBC 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.
DSP India T.I.G.E.R. vs HSBC Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP India T.I.G.E.R. Fund (Direct) | HSBC Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.40% | +0.36% |
| Standard deviation | 14.88% | 17.90% |
| Sharpe ratio | -0.06 | -0.27 |
| Sortino ratio | -0.08 | -0.37 |
| Maximum drawdown | −11.1% (23-10-2026) | −11.9% (23-10-2026) |
| Beta | 0.78 | 1.02 |
| Alpha | +11.88% | +8.33% |
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 | DSP India T.I.G.E.R. Fund (Direct) | HSBC Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.89% | +14.81% |
| Standard deviation | 16.87% | 19.14% |
| Sharpe ratio | 0.76 | 0.46 |
| Sortino ratio | 1.01 | 0.61 |
| Maximum drawdown | −25.8% (03-03-2025) | −25.4% (28-02-2025) |
| Beta | 0.67 | 1.02 |
| Alpha | +7.14% | +0.84% |
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 | DSP India T.I.G.E.R. Fund (Direct) | HSBC Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.93% | +18.31% |
| Standard deviation | 17.96% | 17.64% |
| Sharpe ratio | 0.55 | 0.69 |
| Sortino ratio | 0.74 | 0.92 |
| Maximum drawdown | −46.9% (23-03-2020) | −25.4% (28-02-2025) |
| Beta | 0.74 | 1.00 |
| Alpha | +4.42% | +4.15% |
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.
DSP India T.I.G.E.R. Fund (Direct)
HSBC 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 |
|---|---|---|---|---|---|---|
| DSP India T.I.G.E.R. Fund (Direct) | −25.8% | 01-10-2024 | 03-03-2025 | 27-04-2026 | 14 months | −9.6% |
| HSBC Infrastructure Fund (Direct) | −25.4% | 27-09-2024 | 28-02-2025 | 18-06-2026 | 16 months | −9.2% |
| BSE India Infrastructure Index TRI | −31.7% | 01-08-2024 | 28-02-2025 | Not yet | -- | −25.7% |
From daily values since 28-11-2022, 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.
DSP India T.I.G.E.R. Fund (Direct)
HSBC Infrastructure 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.
DSP India T.I.G.E.R. Fund (Direct)
HSBC Infrastructure Fund (Direct)
BSE India Infrastructure Index TRI
Against BSE India Infrastructure Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP India T.I.G.E.R. Fund (Direct) | 83% | 60% | 12.80% |
| HSBC Infrastructure Fund (Direct) | 82% | 67% | 13.30% |
From month-end values since 28-11-2022. 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.
DSP India T.I.G.E.R. vs HSBC Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: DSP India T.I.G.E.R. Fund, September 2026; HSBC Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 35.6%
- Held by both
- 20
- Only in DSP India T.I.G.E.R.
- 46
- Only in HSBC Infrastructure
- 29
| Security | % of DSP India T.I.G.E.R. | % of HSBC Infrastructure |
|---|---|---|
| NTPC Limited | 4.76% | 7.68% |
| Reliance Industries Limited | 6.42% | 4.43% |
| Larsen & Toubro Limited | 4.26% | 6.99% |
| Bharti Airtel Limited | 2.84% | 6.46% |
| Bharat Electronics Limited | 2.53% | 5.79% |
| Hindustan Aeronautics Limited | 2.42% | 3.52% |
| Kirloskar Oil Engines Limited | 2.25% | 3.60% |
| Ultratech Cement Limited | 2.06% | 3.64% |
| Siemens Limited | 1.93% | 1.53% |
| Amber Enterprises India Limited | 1.36% | 1.40% |
| Polycab India Limited | 1.26% | 1.48% |
| Kirloskar Pneumatic Co Limited | 0.90% | 1.06% |
| Siemens Energy India Limited | 1.57% | 0.84% |
| R R Kabel Limited | 0.83% | 0.95% |
| APL Apollo Tubes Limited | 0.80% | 2.12% |
| Phoenix Mills Limited | 0.76% | 0.93% |
| Power Mech Projects Limited | 0.51% | 0.53% |
| Bansal Wire Industries Limited | 0.49% | 0.50% |
| CG Power and Industrial Solutions Limited | 0.49% | 0.99% |
| Ahluwalia Contracts (India) Limited | 0.43% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.6% means 35.6% 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 DSP India T.I.G.E.R. Fund
| Security | % of fund |
|---|---|
| Coal India Limited | 3.05% |
| Oil & Natural Gas Corporation Limited | 2.95% |
| Apollo Hospitals Enterprise Limited | 2.21% |
| HDFC Life Insurance Co Limited | 2.12% |
| Kalpataru Projects International Limited | 1.80% |
Largest holdings only in HSBC Infrastructure Fund
| Security | % of fund |
|---|---|
| Mtar Technologies Limited | 4.67% |
| InterGlobe Aviation Limited | 4.09% |
| TD Power Systems Limited | 3.02% |
| GE Vernova T&D India Limited | 2.90% |
| Engineers India Limited | 2.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP India T.I.G.E.R. | HSBC Infrastructure |
|---|---|---|
| Equity | 85.2% | 95.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 14.8% | 4.2% |
Market cap of stocks
| Market cap | DSP India T.I.G.E.R. | HSBC Infrastructure |
|---|---|---|
| Large Cap | 48.1% | 53.0% |
| Mid Cap | 11.5% | 9.6% |
| Small Cap | 24.5% | 27.1% |
| Not on AMFI's list | 1.1% | 6.1% |
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 | DSP India T.I.G.E.R. | HSBC Infrastructure |
|---|---|---|
| Electrical Equipment | 5.2% | 20.3% |
| Industrial Products | 10.8% | 14.5% |
| Construction | 8.6% | 10.2% |
| Power | 7.2% | 9.7% |
| Aerospace & Defense | 6.1% | 9.3% |
| Petroleum Products | 8.1% | 4.4% |
| Telecom - Services | 2.8% | 6.5% |
The six largest sectors of each fund's stocks, % of the fund.
DSP India T.I.G.E.R. vs HSBC Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP India T.I.G.E.R. Fund | HSBC Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.06% | 1.13% |
| Base expense ratio (Direct) | 0.74% | 0.88% |
| Total expense ratio (Regular) | 2.03% | 2.15% |
| Base expense ratio (Regular) | 1.57% | 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
Compare DSP India T.I.G.E.R. with
DSP India T.I.G.E.R. Fund vs HSBC Infrastructure Fund: Frequently Asked Questions
What is the difference between DSP India T.I.G.E.R. Fund and HSBC Infrastructure Fund?
DSP India T.I.G.E.R. Fund is a Thematic fund, HSBC Infrastructure Fund is a Sectoral fund, run by DSP Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 35.6%. DSP India T.I.G.E.R. Fund charges 1.06% a year and HSBC Infrastructure Fund 1.13%.
Which has given higher returns, DSP India T.I.G.E.R. Fund or HSBC Infrastructure Fund?
Over 1 year: DSP India T.I.G.E.R. Fund +4.40%, HSBC Infrastructure Fund +0.36%. Over 3 years: DSP India T.I.G.E.R. Fund +18.89% a year, HSBC Infrastructure Fund +14.81% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP India T.I.G.E.R. Fund or HSBC Infrastructure Fund?
DSP India T.I.G.E.R. Fund charges less: 1.06% a year against 1.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP India T.I.G.E.R. Fund and HSBC Infrastructure Fund overlap?
35.6%. They hold 20 of the same securities, the largest shared ones being NTPC, RELIANCE, LT. From each fund's latest monthly portfolio.
Which is riskier, DSP India T.I.G.E.R. Fund or HSBC Infrastructure Fund?
On SEBI's riskometer, DSP India T.I.G.E.R. Fund is rated Very High and HSBC Infrastructure Fund Very High. Over 3 years, the standard deviation of daily returns was 16.87% and 19.14% a year.
Which is better for SIP, DSP India T.I.G.E.R. Fund or HSBC Infrastructure Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,15,561 in DSP India T.I.G.E.R. Fund (XIRR 7.5% a year) and ₹3,97,099 in HSBC Infrastructure Fund (XIRR 4.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both DSP India T.I.G.E.R. Fund and HSBC Infrastructure Fund?
Yes. 35.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP India T.I.G.E.R. Fund and HSBC Infrastructure Fund?
DSP India T.I.G.E.R. Fund: Rohit Singhania. HSBC Infrastructure Fund: Venugopal Manghat, Gautam Bhupal, Mayank Chaturvedi, Dipan S. Parikh.
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.