HSBC Infrastructure Fund is a Sectoral fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹2,379 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 14.8% a year and its Regular plan returned 13.6% a year. Its benchmark, Nifty Infrastructure TRI, returned 13.8% a year over the same 3 years.
NAV (Direct plan)
₹53.76
▼ 1.08% · 30-10-2026
NAV (Regular plan)
₹47.19
▼ 1.08% · 30-10-2026
Expense ratio
1.13%Direct2.15%Regular
1.13%
A year
Riskometer
Very High
Set by the fund house
3 year return
14.8%Direct13.6%Regular
14.8%
A year
HSBC Infrastructure Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹53.76 (down 1.08% that day); Regular Plan Growth ₹47.19 (down 1.08% that day).
This fund (Direct plan)
₹53.7588
HSBC Infrastructure Fund Returns vs Nifty Infrastructure TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−4.83%
−2.12%
−4.42%
+0.36%
+14.81%
--
--
This fund (Regular)
−4.91%
−2.37%
−4.91%
−0.67%
+13.63%
--
--
Nifty Infrastructure TRI
+0.75%
−5.75%
−6.03%
−7.67%
+13.85%
+12.86%
+13.37%
Sectoral average
−1.70%
−4.49%
+2.30%
−0.58%
+15.61%
--
--
Best in Sectoral
+7.03%
+2.10%
+17.99%
+19.53%
+21.77%
--
--
Worst in Sectoral
−7.36%
−8.92%
−7.57%
−9.47%
+9.87%
--
--
Rank in Sectoral
18/20
6/19
16/19
5/17
6/9
--
--
Category rows compare the Direct plans of 20 Sectoral funds. Rank 1 is the highest return.
HSBC Infrastructure Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Infrastructure TRI
2026to date
+3.25%
+2.36%
−7.85%
2025
−3.38%
−4.36%
+14.64%
2024
+29.43%
+28.08%
+16.79%
2023
+52.22%
+50.65%
+40.08%
HSBC Infrastructure Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 226 periods, one for each trading day from 28-11-2025 to 30-10-2026.
0%5%10%15%20%25%30%
HSBC Infrastructure Fund (Direct)
Nifty Infrastructure TRI
Dec 2022 to Dec 2025Feb 2023 to Feb 2026Apr 2023 to Apr 2026Jun 2023 to Jun 2026Aug 2023 to Aug 2026Oct 2023 to Oct 2026
HSBC Infrastructure Fund (Direct)Nifty Infrastructure TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
0%
5-10%
8%
15%
10-15%
33%
29%
15-20%
58%
54%
20-25%
1%
2%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
720
11.7%
−11.4%
77.3%
23%
10.3%
59%
2 years
474
18.5%
−2.3%
43.2%
9%
21.9%
49%
3 years
226
21.3%
13.3%
25.5%
0%
20.5%
81%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
36
12.9%
−29.2%
88.3%
22%
8.4%
47%
2 years
24
8.4%
−5.5%
41.4%
8%
10.9%
42%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Infrastructure TRI over the same days. Past returns do not promise future returns.
HSBC Infrastructure Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC Infrastructure Fund (Direct)This fund
Nifty Infrastructure TRI
Return (CAGR)
+0.36%
−7.67%
Standard deviation
17.90%
15.46%
Sharpe ratio
-0.27
-0.84
Sortino ratio
-0.37
-1.13
Maximum drawdown
−11.9%
(23-10-2026)
−12.3%
(12-10-2026)
Beta
1.02
1.00
Alpha
+8.33%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HSBC Infrastructure Fund (Direct)This fund
Nifty Infrastructure TRI
Return (CAGR)
+14.81%
+13.85%
Standard deviation
19.14%
16.89%
Sharpe ratio
0.46
0.46
Sortino ratio
0.61
0.63
Maximum drawdown
−25.4%
(28-02-2025)
−20.6%
(28-02-2025)
Beta
1.02
1.00
Alpha
+0.84%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HSBC Infrastructure Fund (Direct)This fund
Nifty Infrastructure TRI
Return (CAGR)
+18.31%
+14.18%
Standard deviation
17.64%
15.72%
Sharpe ratio
0.69
0.51
Sortino ratio
0.92
0.69
Maximum drawdown
−25.4%
(28-02-2025)
−20.6%
(28-02-2025)
Beta
1.00
1.00
Alpha
+4.15%
0.00%
From daily NAVs, 28-11-2022 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−30%−25%−20%−15%−10%−5%0%
HSBC Infrastructure Fund (Direct)
Nifty Infrastructure TRI
2023202420252026
HSBC Infrastructure Fund (Direct)Nifty Infrastructure TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HSBC Infrastructure Fund (Direct)
−25.4%
27-09-2024
28-02-2025
18-06-2026
16 months
−9.2%
Nifty Infrastructure TRI
−20.6%
27-09-2024
28-02-2025
29-10-2025
8 months
−9.3%
From the Direct plan's daily NAV since 28-11-2022, adjusted for unit splits, and Nifty Infrastructure TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
HSBC Infrastructure Fund vs Other Sectoral Funds
The five Sectoral funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
HSBC Infrastructure Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Sectoral median
Cost rank (1 = cheapest)
Direct
0.88%
0.03%
0.00%
0.22%
1.13%
1.07%
14/20
Regular
1.74%
0.03%
0.00%
0.38%
2.15%
2.51%
5/20
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Sectoral funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−0.67%
0.36%
1.03%
₹99,330
₹1,00,360
3 years
13.63%
14.81%
1.18% a year
₹1,46,717
₹1,51,335
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
HSBC Infrastructure Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
Direct planHSBC Infrastructure Fund (Direct)Regular planHSBC Infrastructure Fund (Regular)Nifty Infrastructure TRICategory averageCategory average, 20 Sectoral fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.
HSBC Infrastructure Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
95.8%Equity
Asset
Fund
Category
Equity
95.8%
95.6%
Cash and others
4.2%
3.7%
Market cap of stocks
Market cap
Fund
Category
Large Cap
53.0%
44.1%
Mid Cap
9.6%
21.8%
Small Cap
27.1%
26.9%
Not on AMFI's list
6.1%
2.3%
Share of the whole fund. Category: the average of the Sectoral funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
HSBC Infrastructure Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Electrical Equipment20.3%
Industrial Products14.5%
Construction10.2%
Power9.7%
Aerospace & Defense9.3%
Telecom - Services6.5%
Transport Services5.5%
Industrial Manufacturing4.6%
Petroleum Products4.4%
Cement & Cement Products3.6%
The ten largest of 16 sectors. The other 6 add up to 7.3%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Electrical Equipment
16.9%
18.6%
20.3%
+3.4%
Industrial Products
13.8%
14.3%
14.5%
+0.7%
Construction
11.7%
10.2%
10.2%
−1.5%
Power
9.2%
9.8%
9.7%
+0.5%
Aerospace & Defense
10.2%
9.5%
9.3%
−0.9%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
HSBC Infrastructure Fund Portfolio Holdings
As on 30-09-2026 · 49 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
NTPC Limited
Power
7.68%
0.0%
Larsen & Toubro Limited
Construction
6.99%
0.0%
Bharti Airtel Limited
Telecom - Services
6.46%
+12.9%
Bharat Electronics Limited
Aerospace & Defense
5.79%
0.0%
Mtar Technologies Limited
Electrical Equipment
4.67%
0.0%
Reliance Industries Limited
Petroleum Products
4.43%
0.0%
InterGlobe Aviation Limited
Transport Services
4.09%
+25.7%
UltraTech Cement Limited
Cement & Cement Products
3.64%
0.0%
Kirloskar Oil Engines Ltd
Industrial Products
3.60%
0.0%
Hindustan Aeronautics Limited
Aerospace & Defense
3.52%
0.0%
TD Power Systems Limited
Electrical Equipment
3.02%
0.0%
GE Vernova T&D India Limited
Electrical Equipment
2.90%
0.0%
Engineers India Limited
Construction
2.19%
0.0%
APL Apollo Tubes Limited
Industrial Products
2.12%
0.0%
Sterlite Technologies Limited
Telecom - Equipment & Accessories
2.10%
+22.3%
Juniper Green Energy Limited
Power
2.05%
+19.1%
ABB India Limited
Electrical Equipment
1.94%
0.0%
KEI Industries Limited
Industrial Products
1.87%
0.0%
Jyoti Cnc Automation Ltd
Industrial Manufacturing
1.64%
0.0%
TITAGARH RAIL SYSTEMS LIMITED
Industrial Manufacturing
1.58%
0.0%
Siemens Limited
Electrical Equipment
1.53%
0.0%
Polycab India Limited
Industrial Products
1.48%
0.0%
Bharat Heavy Electricals Limited
Electrical Equipment
1.46%
0.0%
Amber Enterprises India Limited
Consumer Durables
1.40%
0.0%
KIRLOSKAR PNEUMATIC CO.LTD.
Industrial Products
1.06%
−5.9%
Atlanta Electricals Limited
Electrical Equipment
1.01%
0.0%
Hindalco Industries Limited
Non - Ferrous Metals
1.00%
−28.3%
CG Power And Industrial Solutions Ltd
Electrical Equipment
0.99%
New
Tata Motors Limited
Agricultural, Commercial & Construction Vehicles
0.97%
0.0%
R R Kabel Limited
Industrial Products
0.95%
0.0%
The Phoenix Mills Limited
Realty
0.93%
0.0%
PTC INDUSTRIES LIMITED
Industrial Products
0.93%
New
Pitti Engineering Limited
Industrial Manufacturing
0.91%
0.0%
Diamond Power Infrastructure Limited
Electrical Equipment
0.84%
0.0%
Siemens Energy India Limited
Electrical Equipment
0.84%
0.0%
HAPPY FORGINGS LIMITED
Industrial Products
0.77%
0.0%
Delhivery Limited
Transport Services
0.72%
0.0%
Shadowfax Technologies Limited
Transport Services
0.65%
0.0%
KSH INTERNATIONAL LIMITED
Industrial Products
0.63%
0.0%
APAR INDUSTRIES LTD
Electrical Equipment
0.57%
+177.1%
Cummins India Limited
Industrial Products
0.55%
0.0%
POWER MECH PROJECTS LIMITED
Construction
0.53%
0.0%
JSW Steel Limited
Ferrous Metals
0.53%
0.0%
Kennametal India Limited
Industrial Manufacturing
0.50%
−79.7%
Bansal Wire Industries Limited
Industrial Products
0.50%
−44.6%
Bharat Bijlee Ltd.
Electrical Equipment
0.48%
0.0%
Ashok Leyland Limited
Agricultural, Commercial & Construction Vehicles
0.36%
0.0%
AHLUWALIA CONTRACTS (INDIA) LTD
Construction
0.26%
0.0%
GK Energy Limited
Construction
0.19%
0.0%
HSBC Infrastructure Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Bharti Airtel Limited
↑Added
+12.9%
6.46%
InterGlobe Aviation Limited
↑Added
+25.7%
4.09%
Kennametal India Limited
↓Reduced
−79.7%
0.50%
Sterlite Technologies Limited
↑Added
+22.3%
2.10%
Juniper Green Energy Limited
↑Added
+19.1%
2.05%
Hindalco Industries Limited
↓Reduced
−28.3%
1.00%
KIRLOSKAR PNEUMATIC CO.LTD.
↓Reduced
−5.9%
1.06%
CG Power And Industrial Solutions Ltd
↑New
New
0.99%
PTC INDUSTRIES LIMITED
↑New
New
0.93%
Bansal Wire Industries Limited
↓Reduced
−44.6%
0.50%
JSW Energy Limited
↓Sold out
−100%
was 0.72%
Oil India Limited
↓Sold out
−100%
was 0.59%
APAR INDUSTRIES LTD
↑Added
+177.1%
0.57%
PG Electroplast Limited
↓Sold out
−100%
was 0.23%
PNC INFRATECH LIMITED
↓Sold out
−100%
was 0.14%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
HSBC Infrastructure Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.13%
Expense ratio (Regular)
2.15%
Category
Sectoral
Risk
Very High
Benchmark
Nifty Infrastructure TRI
Launch date
27-09-2007
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹2,379.27 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
151040
ISIN (Direct)
INF917K01FW8
Scheme code (Regular)
151037
ISIN (Regular)
INF917K01536
NAV history
From 28-11-2022, 3.9 years
Exit load
Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 90 days.
Tax on HSBC Infrastructure Fund returns
HSBC Infrastructure Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹53.7588
30-10-2026
direct
IDCW
₹35.1811
30-10-2026
regular
Growth
₹47.1875
30-10-2026
regular
IDCW
₹31.3104
30-10-2026
About HSBC Infrastructure Fund
HSBC Infrastructure Fund is a mutual fund from HSBC Mutual Fund. Its category is Sectoral. It was launched on 27-09-2007. Its benchmark is Nifty Infrastructure TRI. At the end of September 2026 it held 49 securities.
Fund Manager
Venugopal Manghat
Fund manager of HSBC Infrastructure Fund, since 17-12-2019
Gautam Bhupal
Fund manager of HSBC Infrastructure Fund, since 26-11-2022
Mayank Chaturvedi
Fund manager of HSBC Infrastructure Fund, since 01-10-2025
Dipan S. Parikh
Fund manager of HSBC Infrastructure Fund, since 26-08-2026
Frequently Asked Questions for HSBC Infrastructure Fund
What is the current NAV of HSBC Infrastructure Fund?
The Direct plan NAV is ₹53.7588. The Regular plan NAV is ₹47.1875, as on 30-10-2026.
What are the returns of HSBC Infrastructure Fund?
The Direct plan returned +0.36% in 1 year, +14.81% a year over 3 years. The Regular plan returned −0.67% in 1 year, +13.63% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC Infrastructure Fund?
The Direct plan charges 1.13% a year. The Regular plan charges 2.15% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of HSBC Infrastructure Fund?
HSBC Infrastructure Fund managed ₹2,379.27 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC Infrastructure Fund?
At the end of September 2026 the largest holdings were NTPC (7.68%), LT (6.99%), BHARTIARTL (6.46%), BEL (5.79%), MTARTECH (4.67%). The fund held 49 securities in all.
What did HSBC Infrastructure Fund buy and sell in September 2026?
It bought 2 new stocks: CG Power And Industrial Solutions Ltd, PTC INDUSTRIES LIMITED. It sold out of 4: JSW Energy Limited, PNC INFRATECH LIMITED, Oil India Limited, PG Electroplast Limited. It added shares in 5. It reduced 4.
How do I invest in HSBC Infrastructure Fund?
Through HSBC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of HSBC Infrastructure Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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