The infrastructure-focused equity scheme has completed 18 years since launch, with the direct plan growth option delivering a CAGR of more than 18% since inception, the fund house said.
The scheme’s assets under management (AUM) stood at around ₹2,353 crore. It is currently managed by Nalin Rasik Bhatt, who has been overseeing the fund since October 2023.
Benchmark and performance
The fund’s primary benchmark is the Nifty Infrastructure TRI, with Nifty 50 TRI used as an additional benchmark.
According to the fund house, the scheme has outperformed its Tier-1 benchmark over time, generating an alpha of nearly 6% against the infrastructure index.
Investment focus
The fund invests primarily in equity and equity-related securities of companies engaged in infrastructure-linked activities. These include sectors such as roads, bridges, ports, airports, railways, power generation and distribution, water supply, and telecommunications.
The strategy aims to identify companies that could benefit from India’s infrastructure build-out and broader economic development, which remain key policy priorities.
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Portfolio and risk metrics
As of December 31, 2025, the scheme’s top 10 holdings include companies across infrastructure-related sectors, reflecting its sector-focused investment strategy. The fund house also publishes key risk ratios for the scheme, which investors typically use to assess volatility and risk-adjusted returns relative to benchmarks.
Caution for investors
While long-term SIP illustrations highlight the potential benefits of disciplined investing and compounding, past performance does not guarantee future returns. Sector-focused funds such as infrastructure schemes can also be more volatile than diversified equity funds, as their performance depends heavily on policy developments, capital spending cycles, and sector-specific trends.
Financial planners advise investors to assess their risk tolerance, investment horizon, and portfolio diversification before allocating to thematic or sectoral funds.
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