ICICI Prudential Infrastructure Fund vs Tata Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Infrastructure Fund is a Thematic fund and Tata 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 Tata Infrastructure Fund (Direct) returned 11.3% a year. ICICI Prudential Infrastructure Fund charges 1.31% a year and Tata Infrastructure Fund 1.24% (Direct plans). Their portfolios overlap 29.3%: they hold 22 of the same securities.
ICICI Prudential Infrastructure Fund
Thematic
- 3 year return
- 15.1%
- Expense ratio
- 1.31%
- NAV
- ₹200.53
Tata Infrastructure Fund
Thematic
- 3 year return
- 11.3%
- Expense ratio
- 1.24%
- NAV
- ₹183.57
Which is better, ICICI Prudential Infrastructure or Tata 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 14.3%.
- ICICI Prudential Infrastructure returned more over 3 years: 15.1% a year against 11.3%.
- Tata Infrastructure costs less: 1.24% a year against 1.31% (Direct plans).
- ICICI Prudential Infrastructure swung less over 3 years: a standard deviation of 16.1% a year against 17.9%.
- Tata Infrastructure fell less in its worst fall since 02-01-2013: −42.5% against −46.8%.
- ICICI Prudential Infrastructure is the larger fund: ₹8,227 Cr against ₹1,982 Cr.
- Their portfolios overlap 29.3%: 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 | ICICI Prudential Infrastructure Fund | Tata Infrastructure Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹8,227 Cr (30-09-2026) | ₹1,982 Cr (30-09-2026) |
| NAV | ₹200.53 (Direct) | ₹183.57 (Direct) |
| Expense ratio (Direct) | 1.31% | 1.24% |
| Expense ratio (Regular) | 1.92% | 2.13% |
| Riskometer | Not available | Very High |
| Benchmark | BSE India Infrastructure TRI | BSE India Infrastructure TRI |
| Launch date | 31-08-2005 | 31-12-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sanket Gaidhani, Sharmila D'mello | Abhinav Sharma |
| 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. | 0.25% of NAV if redeemed /switched out before 30 days from the date of allotment. |
ICICI Prudential Infrastructure vs Tata 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% |
| Tata Infrastructure Fund (Direct) | −4.97% | −7.47% | −5.06% | −2.53% | +11.28% | +14.28% | +14.17% |
| 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 Tata Infrastructure: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Infrastructure | TataTata Infrastructure | BSE India Infrastructure Index TRI |
|---|---|---|---|
| 2026to date | −6.85% | +1.17% | −7.07% |
| 2025 | +7.50% | −6.15% | −2.32% |
| 2024 | +28.35% | +24.03% | +30.02% |
| 2023 | +45.40% | +46.32% | +61.08% |
| 2022 | +29.60% | +8.61% | +15.07% |
| 2021 | +50.82% | +54.78% | +51.72% |
ICICI Prudential Infrastructure vs Tata Infrastructure: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of both
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)
Tata 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% |
| Tata Infrastructure | 7.8 | 3.3 | 13.6 | 15.1 | 17.9 | 18.8 | 23.6 | 17.7% | 17.8% | −10.2% | 41.3% | 59% |
| 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 02-01-2013. Past returns do not promise future returns.
ICICI Prudential Infrastructure vs Tata 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% |
| Tata InfrastructureTata Infrastructure Fund (Direct) | ₹16,60,000 | ₹51,94,101 | ₹35,34,101 | 15.2% |
ICICI Prudential InfrastructureICICI Prudential Infrastructure Fund (Direct)
Tata InfrastructureTata 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 Tata 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) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.75% | −2.53% |
| Standard deviation | 15.71% | 16.87% |
| Sharpe ratio | -0.89 | -0.46 |
| Sortino ratio | -1.20 | -0.62 |
| Maximum drawdown | −13.2% (23-03-2026) | −12.5% (23-03-2026) |
| Beta | 0.83 | 0.90 |
| Alpha | −0.45% | +6.94% |
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) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.08% | +11.28% |
| Standard deviation | 16.08% | 17.94% |
| Sharpe ratio | 0.56 | 0.29 |
| Sortino ratio | 0.76 | 0.38 |
| Maximum drawdown | −19.1% (28-02-2025) | −29.8% (28-02-2025) |
| Beta | 0.65 | 0.72 |
| Alpha | +3.49% | −0.91% |
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) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.52% | +14.28% |
| Standard deviation | 15.12% | 16.83% |
| Sharpe ratio | 0.84 | 0.50 |
| Sortino ratio | 1.14 | 0.67 |
| Maximum drawdown | −19.1% (28-02-2025) | −29.8% (28-02-2025) |
| Beta | 0.64 | 0.71 |
| Alpha | +5.45% | +0.51% |
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) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.24% | +14.00% |
| Standard deviation | 17.60% | 17.24% |
| Sharpe ratio | 0.52 | 0.46 |
| Sortino ratio | 0.71 | 0.62 |
| Maximum drawdown | −46.8% (23-03-2020) | −42.5% (23-03-2020) |
| Beta | 0.75 | 0.71 |
| Alpha | +3.71% | +2.69% |
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)
Tata 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% |
| Tata Infrastructure Fund (Direct) | −42.5% | 12-01-2018 | 23-03-2020 | 08-01-2021 | 10 months | −16.8% |
| 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.
ICICI Prudential Infrastructure Fund (Direct)
Tata 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)
Tata 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)
Tata 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% |
| Tata Infrastructure Fund (Direct) | 83% | 71% | 10.94% |
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.
ICICI Prudential Infrastructure vs Tata Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Infrastructure Fund, September 2026; Tata Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 29.3%
- Held by both
- 22
- Only in ICICI Prudential Infrastructure
- 58
- Only in Tata Infrastructure
- 30
| Security | % of ICICI Prudential Infrastructure | % of Tata Infrastructure |
|---|---|---|
| Larsen & Toubro Ltd. | 5.38% | 6.64% |
| NTPC Ltd. | 3.55% | 3.79% |
| Interglobe Aviation Ltd. | 8.37% | 3.52% |
| AIA Engineering Ltd. | 2.30% | 1.70% |
| Ratnamani Metals & Tubes Ltd. | 2.26% | 1.59% |
| Oberoi Realty Ltd. | 4.38% | 1.49% |
| ABB India Ltd. | 1.48% | 2.10% |
| Kalpataru Projects International Ltd | 3.07% | 1.45% |
| Adani Ports and Special Economic Zone Ltd. | 1.29% | 4.17% |
| INOX India Ltd | 1.06% | 2.15% |
| SIEMENS ENERGY INDIA LTD | 1.06% | 1.27% |
| Ambuja Cements Ltd. | 0.88% | 1.89% |
| Nuvoco Vistas Corporation Ltd. | 0.80% | 2.19% |
| Schaeffler India Ltd. | 0.74% | 1.82% |
| KNR Constructions Ltd. | 1.46% | 0.67% |
| ACC Ltd. | 0.61% | 0.96% |
| Honeywell Automation India Ltd. | 0.55% | 0.98% |
| SKF INDIA Industrial Ltd. | 0.48% | 1.12% |
| Afcons Infrastructure Ltd. | 1.86% | 0.37% |
| JSW Infrastructure Ltd | 0.36% | 1.79% |
| Ultratech Cement Ltd. | 0.23% | 2.62% |
| Power Grid Corporation Of India Ltd. | 0.01% | 1.70% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.3% means 29.3% 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 |
|---|---|
| Reliance Industries Ltd. | 4.37% |
| Brigade Enterprises Ltd. | 2.98% |
| Shree Cements Ltd. | 2.90% |
| HDFC Bank Ltd. | 2.89% |
| GMM Pfaudler Ltd. | 2.59% |
Largest holdings only in Tata Infrastructure Fund
| Security | % of fund |
|---|---|
| ADANI ENERGY SOLUTIONS LTD | 3.46% |
| THE RAMCO CEMENTS LTD | 2.97% |
| BHARAT HEAVY ELECTRICALS LTD | 2.67% |
| ADANI POWER LTD | 2.57% |
| ADANI ENTERPRISES LTD | 2.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Infrastructure | Tata Infrastructure |
|---|---|---|
| Equity | 96.9% | 92.7% |
| Debt | 0.7% | 0.0% |
| Cash and others | 2.4% | 7.3% |
Market cap of stocks
| Market cap | ICICI Prudential Infrastructure | Tata Infrastructure |
|---|---|---|
| Large Cap | 41.3% | 43.8% |
| Mid Cap | 20.3% | 12.6% |
| Small Cap | 34.2% | 34.7% |
| Not on AMFI's list | 1.1% | 1.6% |
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 | Tata Infrastructure |
|---|---|---|
| Construction | 15.8% | 12.9% |
| Power | 6.7% | 14.3% |
| Industrial Products | 12.6% | 10.4% |
| Cement & Cement Products | 5.7% | 10.6% |
| Transport Services | 10.0% | 5.7% |
| Electrical Equipment | 4.8% | 7.5% |
| Realty | 7.3% | 4.8% |
| Transport Infrastructure | 1.6% | 6.0% |
| Banks | 5.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Infrastructure vs Tata Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Infrastructure Fund | Tata Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.31% | 1.24% |
| Base expense ratio (Direct) | 1.00% | 1.00% |
| Total expense ratio (Regular) | 1.92% | 2.13% |
| Base expense ratio (Regular) | 1.53% | 1.77% |
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 Tata Infrastructure Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Infrastructure Fund and Tata Infrastructure Fund?
ICICI Prudential Infrastructure Fund is a Thematic fund, Tata Infrastructure Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and Tata Mutual Fund. Their portfolios overlap 29.3%. ICICI Prudential Infrastructure Fund charges 1.31% a year and Tata Infrastructure Fund 1.24%.
Which has given higher returns, ICICI Prudential Infrastructure Fund or Tata Infrastructure Fund?
Over 1 year: ICICI Prudential Infrastructure Fund −8.75%, Tata Infrastructure Fund −2.53%. Over 3 years: ICICI Prudential Infrastructure Fund +15.08% a year, Tata Infrastructure Fund +11.28% a year. Over 5 years: ICICI Prudential Infrastructure Fund +18.52% a year, Tata Infrastructure Fund +14.28% 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 Tata Infrastructure Fund?
Tata Infrastructure Fund charges less: 1.24% a year against 1.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Infrastructure Fund and Tata Infrastructure Fund overlap?
29.3%. They hold 22 of the same securities, the largest shared ones being LT, NTPC, INDIGO. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Infrastructure Fund or Tata 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 ₹7,96,605 in Tata Infrastructure Fund (XIRR 10.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Infrastructure Fund and Tata Infrastructure Fund?
Yes. 29.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Infrastructure Fund and Tata Infrastructure Fund?
ICICI Prudential Infrastructure Fund: Sanket Gaidhani, Sharmila D'mello. Tata Infrastructure Fund: Abhinav Sharma.
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.