ICICI Prudential Infrastructure Fund vs SBI Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Infrastructure Fund is a Thematic fund and SBI Infrastructure Fund is a Thematic fund. In the 3 years to 30-10-2026, ICICI Prudential Infrastructure Fund (Direct) returned 15.1% a year and SBI Infrastructure Fund (Direct) returned 11.5% a year. ICICI Prudential Infrastructure Fund charges 1.31% a year and SBI Infrastructure Fund 1.19% (Direct plans). Their portfolios overlap 21.3%: they hold 12 of the same securities.
ICICI Prudential Infrastructure Fund
Thematic
- 3 year return
- 15.1%
- Expense ratio
- 1.31%
- NAV
- ₹200.53
SBI Infrastructure Fund
Thematic
- 3 year return
- 11.5%
- Expense ratio
- 1.19%
- NAV
- ₹51.64
Which is better, ICICI Prudential Infrastructure or SBI Infrastructure? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Infrastructure returned more over 5 years: 18.5% a year against 14.6%.
- ICICI Prudential Infrastructure returned more over 3 years: 15.1% a year against 11.5%.
- SBI Infrastructure costs less: 1.19% a year against 1.31% (Direct plans).
- SBI Infrastructure swung less over 3 years: a standard deviation of 14.6% a year against 16.1%.
- SBI Infrastructure fell less in its worst fall since 03-01-2013: −42.1% against −46.8%.
- SBI Infrastructure holds more in large companies: 59.5% of the fund in large caps against 41.3%.
- ICICI Prudential Infrastructure is the larger fund: ₹8,227 Cr against ₹4,701 Cr.
- Their portfolios overlap 21.3%: 12 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 | ICICI Prudential Infrastructure Fund | SBI Infrastructure Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹8,227 Cr (30-09-2026) | ₹4,701 Cr (30-09-2026) |
| NAV | ₹200.53 (Direct) | ₹51.64 (Direct) |
| Expense ratio (Direct) | 1.31% | 1.19% |
| Expense ratio (Regular) | 1.92% | 2.07% |
| Riskometer | Not available | Not available |
| Benchmark | BSE India Infrastructure TRI | Not available |
| Launch date | 31-08-2005 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Sanket Gaidhani, Sharmila D'mello | Not available |
| Exit load | 1% of applicable Net Asset Value – If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment. Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment. | Not available |
ICICI Prudential Infrastructure vs SBI 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Infrastructure Fund (Direct) | −5.89% | −8.99% | −8.23% | −8.75% | +15.08% | +18.52% | +16.61% |
| SBI Infrastructure Fund (Direct) | −2.19% | −7.13% | −6.17% | −4.59% | +11.54% | +14.62% | +14.43% |
| 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.
ICICI Prudential Infrastructure vs SBI Infrastructure: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Infrastructure | SBISBI Infrastructure |
|---|---|---|
| 2026to date | −6.85% | −3.41% |
| 2025 | +7.50% | −0.08% |
| 2024 | +28.35% | +21.77% |
| 2023 | +45.40% | +50.39% |
| 2022 | +29.60% | +9.74% |
| 2021 | +50.82% | +49.26% |
ICICI Prudential Infrastructure vs SBI Infrastructure: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of ICICI Prudential Infrastructure Fund
Rolling returns
Every 3-year holding period, 2,666 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.
ICICI Prudential Infrastructure Fund (Direct)
SBI Infrastructure 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Infrastructure | 8.4 | 3.4 | 16.7 | 15.3 | 11.4 | 12.2 | 32.5 | 18.9% | 18.2% | −12.2% | 49.9% | 70% |
| SBI Infrastructure | 4.7 | 4.9 | 14.7 | 17.0 | 13.0 | 23.1 | 22.5 | 17.8% | 18.6% | −8.2% | 40.4% | 58% |
| BSE India Infrastructure Index TRI | 12.0 | 5.6 | 14.0 | 19.5 | 11.3 | 7.1 | 30.6 | 17.0% | 14.5% | −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 03-01-2013. Past returns do not promise future returns.
ICICI Prudential Infrastructure vs SBI 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential InfrastructureICICI Prudential Infrastructure Fund (Direct) | ₹16,60,000 | ₹59,93,003 | ₹43,33,003 | 17.0% |
| SBI InfrastructureSBI Infrastructure Fund (Direct) | ₹16,60,000 | ₹52,88,188 | ₹36,28,188 | 15.5% |
ICICI Prudential InfrastructureICICI Prudential Infrastructure Fund (Direct)
SBI InfrastructureSBI 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.
ICICI Prudential Infrastructure vs SBI Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Infrastructure Fund (Direct) | SBI Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.75% | −4.59% |
| Standard deviation | 15.71% | 14.99% |
| Sharpe ratio | -0.89 | -0.66 |
| Sortino ratio | -1.20 | -0.88 |
| Maximum drawdown | −13.2% (23-03-2026) | −13.3% (31-03-2026) |
| Beta | 0.83 | 0.91 |
| Alpha | −0.45% | +1.92% |
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 | ICICI Prudential Infrastructure Fund (Direct) | SBI Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.08% | +11.54% |
| Standard deviation | 16.08% | 14.59% |
| Sharpe ratio | 0.56 | 0.38 |
| Sortino ratio | 0.76 | 0.51 |
| Maximum drawdown | −19.1% (28-02-2025) | −23.2% (03-03-2025) |
| Beta | 0.65 | 0.79 |
| Alpha | +3.49% | −0.64% |
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 | ICICI Prudential Infrastructure Fund (Direct) | SBI Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.52% | +14.62% |
| Standard deviation | 15.12% | 14.10% |
| Sharpe ratio | 0.84 | 0.63 |
| Sortino ratio | 1.14 | 0.85 |
| Maximum drawdown | −19.1% (28-02-2025) | −23.2% (03-03-2025) |
| Beta | 0.64 | 0.79 |
| Alpha | +5.45% | +3.26% |
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 | ICICI Prudential Infrastructure Fund (Direct) | SBI Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.24% | +13.79% |
| Standard deviation | 17.60% | 16.93% |
| Sharpe ratio | 0.52 | 0.46 |
| Sortino ratio | 0.71 | 0.62 |
| Maximum drawdown | −46.8% (23-03-2020) | −42.1% (23-03-2020) |
| Beta | 0.75 | 0.81 |
| Alpha | +3.71% | +4.08% |
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.
ICICI Prudential Infrastructure Fund (Direct)
SBI 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Infrastructure Fund (Direct) | −46.8% | 23-01-2018 | 23-03-2020 | 04-02-2021 | 10 months | −11.4% |
| SBI Infrastructure Fund (Direct) | −42.1% | 05-01-2018 | 23-03-2020 | 04-01-2021 | 9 months | −13.1% |
| BSE India Infrastructure Index TRI | −55.9% | 08-01-2018 | 23-03-2020 | 04-03-2021 | 11 months | −25.7% |
From daily values since 03-01-2013, 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.
ICICI Prudential Infrastructure Fund (Direct)
SBI 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.
ICICI Prudential Infrastructure Fund (Direct)
SBI 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 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Infrastructure Fund (Direct)
SBI Infrastructure Fund (Direct)
BSE India Infrastructure Index TRI
Against BSE India Infrastructure Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Infrastructure Fund (Direct) | 84% | 69% | 10.06% |
| SBI Infrastructure Fund (Direct) | 80% | 68% | 12.00% |
From month-end values since 03-01-2013. 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.
ICICI Prudential Infrastructure vs SBI Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Infrastructure Fund, September 2026; SBI Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 21.3%
- Held by both
- 12
- Only in ICICI Prudential Infrastructure
- 68
- Only in SBI Infrastructure
- 32
| Security | % of ICICI Prudential Infrastructure | % of SBI Infrastructure |
|---|---|---|
| Larsen & Toubro Ltd. | 5.38% | 4.80% |
| Reliance Industries Ltd. | 4.37% | 10.98% |
| NTPC Ltd. | 3.55% | 4.46% |
| Shree Cements Ltd. | 2.90% | 4.75% |
| Oil & Natural Gas Corporation Ltd. | 1.36% | 2.40% |
| Adani Ports and Special Economic Zone Ltd. | 1.29% | 4.59% |
| Triveni Turbine Ltd. | 1.11% | 1.15% |
| Juniper Green Energy Ltd. | 0.64% | 0.87% |
| Coal India Ltd. | 0.60% | 1.90% |
| Carborundum Universal Ltd. | 0.41% | 1.67% |
| Ultratech Cement Ltd. | 0.23% | 0.93% |
| Ahluwalia Contracts (India) Ltd. | 0.06% | 1.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.3% means 21.3% 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 ICICI Prudential Infrastructure Fund
| Security | % of fund |
|---|---|
| Interglobe Aviation Ltd. | 8.37% |
| Oberoi Realty Ltd. | 4.38% |
| Kalpataru Projects International Ltd | 3.07% |
| Brigade Enterprises Ltd. | 2.98% |
| HDFC Bank Ltd. | 2.89% |
Largest holdings only in SBI Infrastructure Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 5.98% |
| Siemens Ltd. | 3.96% |
| Bharat Heavy Electricals Ltd. | 3.54% |
| Powerica Ltd. | 3.19% |
| Torrent Power Ltd. | 3.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Infrastructure | SBI Infrastructure |
|---|---|---|
| Equity | 96.9% | 93.3% |
| Debt | 0.7% | 1.2% |
| Cash and others | 2.4% | 5.6% |
Market cap of stocks
| Market cap | ICICI Prudential Infrastructure | SBI Infrastructure |
|---|---|---|
| Large Cap | 41.3% | 59.5% |
| Mid Cap | 20.3% | 10.1% |
| Small Cap | 34.2% | 21.5% |
| Not on AMFI's list | 1.1% | 2.1% |
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 | ICICI Prudential Infrastructure | SBI Infrastructure |
|---|---|---|
| Construction | 15.8% | 8.4% |
| Industrial Products | 12.6% | 5.9% |
| Power | 6.7% | 12.6% |
| Electrical Equipment | 4.8% | 11.8% |
| Petroleum Products | 4.4% | 11.0% |
| Transport Services | 10.0% | 0.0% |
| Telecom - Services | 0.1% | 8.0% |
| Realty | 7.3% | 4.9% |
| Cement & Cement Products | 5.7% | 7.2% |
| Banks | 5.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Infrastructure vs SBI Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Infrastructure Fund | SBI Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.31% | 1.19% |
| Base expense ratio (Direct) | 1.00% | 0.86% |
| Total expense ratio (Regular) | 1.92% | 2.07% |
| Base expense ratio (Regular) | 1.53% | 1.61% |
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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ICICI Prudential Infrastructure Fund vs SBI Infrastructure Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Infrastructure Fund and SBI Infrastructure Fund?
ICICI Prudential Infrastructure Fund is a Thematic fund, SBI Infrastructure Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 21.3%. ICICI Prudential Infrastructure Fund charges 1.31% a year and SBI Infrastructure Fund 1.19%.
Which has given higher returns, ICICI Prudential Infrastructure Fund or SBI Infrastructure Fund?
Over 1 year: ICICI Prudential Infrastructure Fund −8.75%, SBI Infrastructure Fund −4.59%. Over 3 years: ICICI Prudential Infrastructure Fund +15.08% a year, SBI Infrastructure Fund +11.54% a year. Over 5 years: ICICI Prudential Infrastructure Fund +18.52% a year, SBI Infrastructure Fund +14.62% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Infrastructure Fund or SBI Infrastructure Fund?
SBI Infrastructure Fund charges less: 1.19% a year against 1.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Infrastructure Fund and SBI Infrastructure Fund overlap?
21.3%. They hold 12 of the same securities, the largest shared ones being LT, RELIANCE, NTPC. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Infrastructure Fund or SBI Infrastructure Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,70,979 in ICICI Prudential Infrastructure Fund (XIRR 14.0% a year) and ₹8,12,461 in SBI Infrastructure Fund (XIRR 11.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Infrastructure Fund and SBI Infrastructure Fund?
Yes. 21.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.