Invesco India Infrastructure Fund vs Tata Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Infrastructure Fund is a Thematic fund and Tata Infrastructure Fund is a Thematic fund. In the 3 years to 30-10-2026, Invesco India Infrastructure Fund (Direct) returned 16.6% a year and Tata Infrastructure Fund (Direct) returned 11.3% a year. Invesco India Infrastructure Fund charges 1.19% a year and Tata Infrastructure Fund 1.24% (Direct plans). Their portfolios overlap 26.7%: they hold 15 of the same securities.
Invesco India Infrastructure Fund
Thematic
- 3 year return
- 16.6%
- Expense ratio
- 1.19%
- NAV
- ₹74.62
Tata Infrastructure Fund
Thematic
- 3 year return
- 11.3%
- Expense ratio
- 1.24%
- NAV
- ₹183.57
Which is better, Invesco India 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.
- Invesco India Infrastructure returned more over 5 years: 16.1% a year against 14.3%.
- Invesco India Infrastructure returned more over 3 years: 16.6% a year against 11.3%.
- Invesco India Infrastructure costs less: 1.19% a year against 1.24% (Direct plans).
- Tata Infrastructure swung less over 3 years: a standard deviation of 17.9% a year against 19.2%.
- Invesco India Infrastructure fell less in its worst fall since 02-01-2013: −36.2% against −42.5%.
- Tata Infrastructure holds more in large companies: 43.8% of the fund in large caps against 25.4%.
- Tata Infrastructure is the larger fund: ₹1,982 Cr against ₹1,489 Cr.
- Their portfolios overlap 26.7%: 15 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 | Invesco India Infrastructure Fund | Tata Infrastructure Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,489 Cr (30-09-2026) | ₹1,982 Cr (30-09-2026) |
| NAV | ₹74.62 (Direct) | ₹183.57 (Direct) |
| Expense ratio (Direct) | 1.19% | 1.24% |
| Expense ratio (Regular) | 2.39% | 2.13% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | BSE India Infrastructure TRI |
| Launch date | 21-11-2007 | 31-12-2004 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sagar Gandhi | Abhinav Sharma |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | 0.25% of NAV if redeemed /switched out before 30 days from the date of allotment. |
Invesco India 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Infrastructure Fund (Direct) | −6.90% | −9.61% | −4.75% | −3.23% | +16.55% | +16.08% | +17.84% |
| 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.
Invesco India Infrastructure vs Tata Infrastructure: Year-wise Returns
| Year | Invesco IndiaInvesco India Infrastructure | TataTata Infrastructure | BSE India Infrastructure Index TRI |
|---|---|---|---|
| 2026to date | +2.37% | +1.17% | −7.07% |
| 2025 | −5.88% | −6.15% | −2.32% |
| 2024 | +35.08% | +24.03% | +30.02% |
| 2023 | +53.25% | +46.32% | +61.08% |
| 2022 | +3.89% | +8.61% | +15.07% |
| 2021 | +57.25% | +54.78% | +51.72% |
Invesco India 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.
Invesco India 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Infrastructure | 1.9 | 6.0 | 10.1 | 17.1 | 6.9 | 19.8 | 38.3 | 20.5% | 22.8% | −4.7% | 39.8% | 64% |
| 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.
Invesco India 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 |
|---|---|---|---|---|
| Invesco India InfrastructureInvesco India Infrastructure Fund (Direct) | ₹16,60,000 | ₹66,08,186 | ₹49,48,186 | 18.3% |
| Tata InfrastructureTata Infrastructure Fund (Direct) | ₹16,60,000 | ₹51,94,101 | ₹35,34,101 | 15.2% |
Invesco India InfrastructureInvesco India 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.
Invesco India Infrastructure vs Tata Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Infrastructure Fund (Direct) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.23% | −2.53% |
| Standard deviation | 18.45% | 16.87% |
| Sharpe ratio | -0.46 | -0.46 |
| Sortino ratio | -0.63 | -0.62 |
| Maximum drawdown | −15.7% (30-03-2026) | −12.5% (23-03-2026) |
| Beta | 0.90 | 0.90 |
| Alpha | +6.21% | +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 | Invesco India Infrastructure Fund (Direct) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.55% | +11.28% |
| Standard deviation | 19.25% | 17.94% |
| Sharpe ratio | 0.55 | 0.29 |
| Sortino ratio | 0.73 | 0.38 |
| Maximum drawdown | −26.6% (28-02-2025) | −29.8% (28-02-2025) |
| Beta | 0.74 | 0.72 |
| Alpha | +4.13% | −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 | Invesco India Infrastructure Fund (Direct) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.08% | +14.28% |
| Standard deviation | 17.61% | 16.83% |
| Sharpe ratio | 0.58 | 0.50 |
| Sortino ratio | 0.77 | 0.67 |
| Maximum drawdown | −26.6% (28-02-2025) | −29.8% (28-02-2025) |
| Beta | 0.72 | 0.71 |
| Alpha | +2.18% | +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 | Invesco India Infrastructure Fund (Direct) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.81% | +14.00% |
| Standard deviation | 16.89% | 17.24% |
| Sharpe ratio | 0.70 | 0.46 |
| Sortino ratio | 0.94 | 0.62 |
| Maximum drawdown | −36.2% (24-03-2020) | −42.5% (23-03-2020) |
| Beta | 0.69 | 0.71 |
| Alpha | +6.71% | +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.
Invesco India 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 |
|---|---|---|---|---|---|---|
| Invesco India Infrastructure Fund (Direct) | −36.2% | 20-02-2020 | 24-03-2020 | 01-12-2020 | 8 months | −13.1% |
| 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.
Invesco India 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.
Invesco India 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.
Invesco India 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 |
|---|---|---|---|
| Invesco India Infrastructure Fund (Direct) | 84% | 59% | 12.60% |
| 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.
Invesco India Infrastructure vs Tata Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Infrastructure Fund, September 2026; Tata Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 26.7%
- Held by both
- 15
- Only in Invesco India Infrastructure
- 22
- Only in Tata Infrastructure
- 37
| Security | % of Invesco India Infrastructure | % of Tata Infrastructure |
|---|---|---|
| Larsen & Toubro Limited | 8.08% | 6.64% |
| InterGlobe Aviation Limited | 3.94% | 3.52% |
| ZF Commercial Vehicle Control Systems India Limited | 2.53% | 2.11% |
| ABB India Limited | 3.72% | 2.10% |
| Grindwell Norton Limited | 3.90% | 1.78% |
| Indo-MIM Limited | 3.16% | 1.60% |
| G R Infraprojects Limited | 1.86% | 1.53% |
| Siemens Limited | 2.09% | 1.48% |
| AIA Engineering Limited | 1.29% | 1.70% |
| Trualt Bioenergy Ltd | 2.85% | 1.28% |
| Timken India Limited | 1.17% | 1.27% |
| Honeywell Automation India Limited | 8.85% | 0.98% |
| KNR Constructions Limited | 2.02% | 0.67% |
| Afcons Infrastructure Limited | 1.16% | 0.37% |
| Ratnamani Metals & Tubes Limited | 0.13% | 1.59% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.7% means 26.7% 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 Invesco India Infrastructure Fund
| Security | % of fund |
|---|---|
| Schneider Electric Infrastructure Limited | 5.33% |
| Linde India Limited | 3.54% |
| Bharat Dynamics Limited | 3.03% |
| Dredging Corporation of India Limited | 2.87% |
| Triveni Turbine Limited | 2.85% |
Largest holdings only in Tata Infrastructure Fund
| Security | % of fund |
|---|---|
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 4.17% |
| NTPC LTD | 3.79% |
| ADANI ENERGY SOLUTIONS LTD | 3.46% |
| THE RAMCO CEMENTS LTD | 2.97% |
| BHARAT HEAVY ELECTRICALS LTD | 2.67% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Infrastructure | Tata Infrastructure |
|---|---|---|
| Equity | 94.3% | 92.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.7% | 7.3% |
Market cap of stocks
| Market cap | Invesco India Infrastructure | Tata Infrastructure |
|---|---|---|
| Large Cap | 25.4% | 43.8% |
| Mid Cap | 11.6% | 12.6% |
| Small Cap | 54.1% | 34.7% |
| Not on AMFI's list | 3.2% | 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 | Invesco India Infrastructure | Tata Infrastructure |
|---|---|---|
| Electrical Equipment | 16.4% | 7.5% |
| Industrial Manufacturing | 16.1% | 5.0% |
| Industrial Products | 15.6% | 10.4% |
| Power | 0.0% | 14.3% |
| Construction | 13.1% | 12.9% |
| Cement & Cement Products | 0.0% | 10.6% |
| Chemicals & Petrochemicals | 6.1% | 0.8% |
| Transport Infrastructure | 0.0% | 6.0% |
| Aerospace & Defense | 4.7% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Infrastructure vs Tata Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Infrastructure Fund | Tata Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 1.24% |
| Base expense ratio (Direct) | 0.79% | 1.00% |
| Total expense ratio (Regular) | 2.39% | 2.13% |
| Base expense ratio (Regular) | 1.83% | 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.
More comparisons
Each fund against the others of its category
Compare Invesco India Infrastructure with
Invesco India Infrastructure Fund vs Tata Infrastructure Fund: Frequently Asked Questions
What is the difference between Invesco India Infrastructure Fund and Tata Infrastructure Fund?
Invesco India Infrastructure Fund is a Thematic fund, Tata Infrastructure Fund is a Thematic fund, run by Invesco Mutual Fund and Tata Mutual Fund. Their portfolios overlap 26.7%. Invesco India Infrastructure Fund charges 1.19% a year and Tata Infrastructure Fund 1.24%.
Which has given higher returns, Invesco India Infrastructure Fund or Tata Infrastructure Fund?
Over 1 year: Invesco India Infrastructure Fund −3.23%, Tata Infrastructure Fund −2.53%. Over 3 years: Invesco India Infrastructure Fund +16.55% a year, Tata Infrastructure Fund +11.28% a year. Over 5 years: Invesco India Infrastructure Fund +16.08% 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, Invesco India Infrastructure Fund or Tata Infrastructure Fund?
Invesco India Infrastructure Fund charges less: 1.19% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Infrastructure Fund and Tata Infrastructure Fund overlap?
26.7%. They hold 15 of the same securities, the largest shared ones being LT, INDIGO, ZFCVINDIA. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Infrastructure Fund or Tata Infrastructure Fund?
On SEBI's riskometer, Invesco India Infrastructure Fund is rated Very High and Tata Infrastructure Fund Very High. Over 3 years, the standard deviation of daily returns was 19.25% and 17.94% a year.
Which is better for SIP, Invesco India 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 ₹8,69,156 in Invesco India Infrastructure Fund (XIRR 13.9% 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 Invesco India Infrastructure Fund and Tata Infrastructure Fund?
Yes. 26.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Infrastructure Fund and Tata Infrastructure Fund?
Invesco India Infrastructure Fund: Sagar Gandhi. 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.