HDFC Infrastructure Fund vs Sundaram Infrastructure Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Infrastructure Fund is a Thematic fund and Sundaram Infrastructure Advantage Fund is a Thematic fund. In the 3 years to 30-10-2026, HDFC Infrastructure Fund (Direct) returned 12.1% a year and Sundaram Infrastructure Advantage Fund (Direct) returned 14.5% a year. HDFC Infrastructure Fund charges 1.34% a year and Sundaram Infrastructure Advantage Fund 1.82% (Direct plans). Their portfolios overlap 40.1%: they hold 25 of the same securities.
HDFC Infrastructure Fund
Thematic
- 3 year return
- 12.1%
- Expense ratio
- 1.34%
- NAV
- ₹48.58
Sundaram Infrastructure Advantage Fund
Thematic
- 3 year return
- 14.5%
- Expense ratio
- 1.82%
- NAV
- ₹100.89
Which is better, HDFC 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.
- HDFC Infrastructure returned more over 5 years: 17.3% a year against 13.4%.
- Sundaram Infrastructure Advantage returned more over 3 years: 14.5% a year against 12.1%.
- HDFC Infrastructure costs less: 1.34% a year against 1.82% (Direct plans).
- HDFC Infrastructure swung less over 3 years: a standard deviation of 16.3% a year against 16.7%.
- Sundaram Infrastructure Advantage fell less in its worst fall since 07-04-2014: −50.6% against −63.1%.
- Sundaram Infrastructure Advantage holds more in large companies: 61.1% of the fund in large caps against 49.3%.
- HDFC Infrastructure is the larger fund: ₹2,251 Cr against ₹922 Cr.
- Their portfolios overlap 40.1%: 25 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 | HDFC Infrastructure Fund | Sundaram Infrastructure Advantage Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | Sundaram Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,251 Cr (30-09-2026) | ₹922 Cr (30-09-2026) |
| NAV | ₹48.58 (Direct) | ₹100.89 (Direct) |
| Expense ratio (Direct) | 1.34% | 1.82% |
| Expense ratio (Regular) | 2.21% | 2.34% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | Nifty Infrastructure TRI |
| Launch date | 10-03-2008 | 01-09-2005 |
| Minimum investment | ₹100 | For both Regular and Direct Plan Rs. 100/– |
| Lock in | None | None |
| Fund managers | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar | Siddarth Mohta, Shalav Saket |
| Exit load | 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. | 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. |
HDFC 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 |
|---|---|---|---|---|---|---|---|
| HDFC Infrastructure Fund (Direct) | −4.33% | −6.58% | −7.77% | −10.41% | +12.12% | +17.28% | +10.72% |
| 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.
HDFC Infrastructure vs Sundaram Infrastructure Advantage: Year-wise Returns
| Year | HDFC InfrastructureHDFC Infrastructure | Sundaram Infrastructure AdvantageSundaram Infrastructure Advantage |
|---|---|---|
| 2026to date | −7.85% | −2.69% |
| 2025 | +3.18% | +4.69% |
| 2024 | +24.21% | +24.57% |
| 2023 | +56.54% | +42.48% |
| 2022 | +20.17% | +2.65% |
| 2021 | +44.15% | +50.24% |
HDFC Infrastructure vs Sundaram Infrastructure Advantage: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of HDFC Infrastructure 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.
HDFC Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage Fund (Direct)
BSE India Infrastructure Index 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Infrastructure | 20.2 | 11.0 | 14.0 | 11.7 | 7.6 | 3.4 | 32.0 | 14.0% | 11.6% | −21.7% | 46.6% | 18% |
| 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% | 47% |
| BSE India Infrastructure Index TRI | 13.5 | 6.3 | 13.2 | 16.7 | 8.4 | 7.3 | 34.6 | 17.4% | 15.1% | −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 07-04-2014. Past returns do not promise future returns.
HDFC 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 |
|---|---|---|---|---|
| HDFC InfrastructureHDFC Infrastructure Fund (Direct) | ₹15,10,000 | ₹35,75,870 | ₹20,65,870 | 12.9% |
| Sundaram Infrastructure AdvantageSundaram Infrastructure Advantage Fund (Direct) | ₹15,10,000 | ₹39,53,108 | ₹24,43,108 | 14.3% |
HDFC InfrastructureHDFC 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.
HDFC 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 | HDFC Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.41% | −3.75% |
| Standard deviation | 15.10% | 15.09% |
| Sharpe ratio | -1.04 | -0.60 |
| Sortino ratio | -1.36 | -0.81 |
| Maximum drawdown | −14.3% (31-03-2026) | −13.5% (23-10-2026) |
| Beta | 0.81 | 0.93 |
| Alpha | −2.43% | +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 | HDFC Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.12% | +14.51% |
| Standard deviation | 16.26% | 16.72% |
| Sharpe ratio | 0.37 | 0.51 |
| Sortino ratio | 0.50 | 0.67 |
| Maximum drawdown | −21.3% (03-03-2025) | −22.6% (28-02-2025) |
| Beta | 0.65 | 0.94 |
| Alpha | +0.47% | +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 | HDFC Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.28% | +13.40% |
| Standard deviation | 16.50% | 15.95% |
| Sharpe ratio | 0.70 | 0.48 |
| Sortino ratio | 0.93 | 0.63 |
| Maximum drawdown | −21.3% (03-03-2025) | −22.6% (28-02-2025) |
| Beta | 0.69 | 0.92 |
| Alpha | +3.73% | +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 | HDFC Infrastructure Fund (Direct) | Sundaram Infrastructure Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.23% | +15.22% |
| Standard deviation | 20.38% | 17.29% |
| Sharpe ratio | 0.25 | 0.54 |
| Sortino ratio | 0.34 | 0.73 |
| Maximum drawdown | −63.1% (23-03-2020) | −50.6% (24-03-2020) |
| Beta | 0.83 | 0.82 |
| Alpha | −0.98% | +4.67% |
From daily NAVs, 01-01-2013 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.
HDFC Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage 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 |
|---|---|---|---|---|---|---|
| HDFC Infrastructure Fund (Direct) | −63.1% | 08-01-2018 | 23-03-2020 | 26-08-2022 | 29 months | −11.9% |
| Sundaram Infrastructure Advantage Fund (Direct) | −50.6% | 08-01-2018 | 24-03-2020 | 18-02-2021 | 11 months | −11.4% |
| BSE India Infrastructure Index TRI | −55.9% | 08-01-2018 | 23-03-2020 | 04-03-2021 | 11 months | −25.7% |
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.
HDFC Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage 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.
HDFC Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage 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.
HDFC Infrastructure Fund (Direct)
Sundaram Infrastructure Advantage Fund (Direct)
BSE India Infrastructure Index TRI
Against BSE India Infrastructure Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Infrastructure Fund (Direct) | 92% | 92% | 10.64% |
| Sundaram Infrastructure Advantage Fund (Direct) | 84% | 72% | 10.98% |
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.
HDFC Infrastructure vs Sundaram Infrastructure Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Infrastructure Fund, September 2026; Sundaram Infrastructure Advantage Fund, September 2026
Holdings in common
- Overlap
- 40.1%
- Held by both
- 25
- Only in HDFC Infrastructure
- 47
- Only in Sundaram Infrastructure Advantage
- 27
| Security | % of HDFC Infrastructure | % of Sundaram Infrastructure Advantage |
|---|---|---|
| Larsen and Toubro Ltd. | 7.03% | 8.07% |
| NTPC Limited | 3.23% | 4.69% |
| Kalpataru Projects International Ltd | 4.40% | 2.37% |
| Power Grid Corporation of India Ltd. | 2.12% | 2.26% |
| ICICI Bank Ltd. | 3.49% | 2.08% |
| Adani Ports & Special Economic Zone | 3.44% | 1.95% |
| JSW Infrastructure Limited | 1.82% | 1.74% |
| Bharat Electronics Ltd. | 1.62% | 2.84% |
| Reliance Industries Ltd. | 1.58% | 6.57% |
| State Bank of India | 1.49% | 2.08% |
| TD Power Systems Ltd. | 2.51% | 1.45% |
| InterGlobe Aviation Ltd. | 4.35% | 1.35% |
| Oil & Natural Gas Corporation Ltd. | 1.30% | 1.35% |
| Bharti Airtel Ltd. | 1.20% | 7.91% |
| The Tata Power Company Ltd. | 1.16% | 1.62% |
| Delhivery Limited | 1.37% | 1.16% |
| GAIL (India) Ltd. | 1.10% | 1.16% |
| Container Corporation of India Ltd. | 1.30% | 0.98% |
| ABB India Ltd. | 0.96% | 1.18% |
| NCC LTD. | 1.35% | 0.91% |
| GE Vernova T&D India Limited | 0.84% | 2.32% |
| UltraTech Cement Limited | 0.83% | 3.33% |
| Elecon Engineering Comapny Ltd. | 0.71% | 0.60% |
| Tata Steel Ltd. | 0.84% | 0.60% |
| Cummins India Ltd. | 0.47% | 1.24% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.1% means 40.1% 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 HDFC Infrastructure Fund
| Security | % of fund |
|---|---|
| J.Kumar Infraprojects Ltd. | 2.88% |
| G R Infraprojects Limited | 1.99% |
| Adani Power (Mundra) Limited | 1.88% |
| Power Finance Corporation Ltd. | 1.87% |
| HDFC Bank Ltd. | 1.73% |
Largest holdings only in Sundaram Infrastructure Advantage Fund
| Security | % of fund |
|---|---|
| Kirloskar Oil Engines Ltd | 3.30% |
| S.J.S. Enterprises Ltd | 2.45% |
| Hitachi Energy India Ltd | 2.33% |
| Bharat Petroleum Corporation Ltd | 1.89% |
| Apollo Hospitals Enterprise Ltd | 1.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Infrastructure | Sundaram Infrastructure Advantage |
|---|---|---|
| Equity | 97.3% | 97.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.7% | 2.8% |
Market cap of stocks
| Market cap | HDFC Infrastructure | Sundaram Infrastructure Advantage |
|---|---|---|
| Large Cap | 49.3% | 61.1% |
| Mid Cap | 9.0% | 14.9% |
| Small Cap | 34.8% | 18.9% |
| Not on AMFI's list | 4.2% | 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 | HDFC Infrastructure | Sundaram Infrastructure Advantage |
|---|---|---|
| Construction | 21.2% | 11.3% |
| Electrical Equipment | 8.3% | 14.4% |
| Power | 11.6% | 9.8% |
| Telecom - Services | 1.2% | 10.2% |
| Transport Services | 8.7% | 3.5% |
| Petroleum Products | 1.6% | 8.5% |
| Industrial Products | 3.4% | 8.0% |
| Transport Infrastructure | 7.0% | 3.7% |
| Banks | 6.7% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Infrastructure vs Sundaram Infrastructure Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Infrastructure Fund | Sundaram Infrastructure Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | 1.82% |
| Base expense ratio (Direct) | 0.99% | 1.52% |
| Total expense ratio (Regular) | 2.21% | 2.34% |
| Base expense ratio (Regular) | 1.74% | 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.
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HDFC Infrastructure Fund vs Sundaram Infrastructure Advantage Fund: Frequently Asked Questions
What is the difference between HDFC Infrastructure Fund and Sundaram Infrastructure Advantage Fund?
HDFC Infrastructure Fund is a Thematic fund, Sundaram Infrastructure Advantage Fund is a Thematic fund, run by HDFC Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 40.1%. HDFC Infrastructure Fund charges 1.34% a year and Sundaram Infrastructure Advantage Fund 1.82%.
Which has given higher returns, HDFC Infrastructure Fund or Sundaram Infrastructure Advantage Fund?
Over 1 year: HDFC Infrastructure Fund −10.41%, Sundaram Infrastructure Advantage Fund −3.75%. Over 3 years: HDFC Infrastructure Fund +12.12% a year, Sundaram Infrastructure Advantage Fund +14.51% a year. Over 5 years: HDFC Infrastructure Fund +17.28% 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, HDFC Infrastructure Fund or Sundaram Infrastructure Advantage Fund?
HDFC Infrastructure Fund charges less: 1.34% a year against 1.82%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Infrastructure Fund and Sundaram Infrastructure Advantage Fund overlap?
40.1%. They hold 25 of the same securities, the largest shared ones being LT, NTPC, KPIL. From each fund's latest monthly portfolio.
Which is riskier, HDFC Infrastructure Fund or Sundaram Infrastructure Advantage Fund?
On SEBI's riskometer, HDFC Infrastructure Fund is rated Very High and Sundaram Infrastructure Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 16.26% and 16.72% a year.
Which is better for SIP, HDFC 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 ₹8,48,467 in HDFC Infrastructure Fund (XIRR 13.0% 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 HDFC Infrastructure Fund and Sundaram Infrastructure Advantage Fund?
Yes. 40.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HDFC Infrastructure Fund and Sundaram Infrastructure Advantage Fund?
HDFC Infrastructure Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar. 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.