Bandhan Infrastructure Fund
Direct · GrowthAI Summary
Bandhan Infrastructure Fund has delivered strong SIP XIRR across horizons, with 23.32% over 1Y, 19.07% over 3Y, and 18.18% over 5Y, consistently beating the category average SIP XIRR of 14.1%, 16.82%, and 16.95% respectively. Against the NIFTY 50, the fund shows substantial alpha of 10.65% over 3Y and 10.01% over 5Y, with 3Y fund CAGR of 18.57% versus the benchmark's 7.75%. Long-term lump-sum performance is also solid, with 10Y fund CAGR of 16.88% versus the benchmark's 10.79%.
The fund carries sectoral/thematic risk, evidenced by 8 drawdown events exceeding 10% and a maximum drawdown duration of 806 days with a 423-day recovery, indicating investors may need to wait over two years to regain peak value. Beta has ranged from 0.91 to 1.13 over various windows, with recent 3Y beta of 1.13 and downside capture of 103.75% suggesting amplified losses in falling markets over that period. However, longer-term downside capture of 86-91% over 5Y-12Y windows shows the fund has historically protected capital better than the benchmark in declines.
Portfolio composition data is not provided in this analysis, so specific holdings and sector weights cannot be assessed. As an infrastructure-focused sectoral fund, the portfolio is inherently concentrated in infrastructure-related sectors such as construction, capital goods, power, and cement, limiting diversification. Investors should review current holdings directly before investing to understand concentration levels.
The fund outperforms the category average SIP XIRR at every horizon, with the widest gap at 1Y (23.32% vs 14.1%, a 9.2 percentage point lead) and consistent 1.5-2.3 point leads over 3Y-12Y. Calendar year returns show high dispersion, ranging from -25.03% in 2018 to 65.07% in 2021, which is typical of sectoral funds but demands strong investor discipline. Its persistent alpha across 3Y-7Y windows versus NIFTY 50 suggests sustained competitive positioning within its category.
This fund is suitable for investors with high risk tolerance who already hold diversified core equity funds and want a tactical satellite allocation to the infrastructure theme. A horizon of at least 5-7 years is recommended, given the 806-day maximum drawdown duration and the volatility of calendar year returns. Investors should be prepared for sharp interim declines, such as the -25.03% in 2018 and -6.54% in 2025, and should size the position modestly within an overall portfolio.
- SIP XIRR beats category averages at every horizon, with 23.32% over 1Y versus the category's 14.1% and 19.07% over 3Y versus 16.82%
- Strong alpha versus NIFTY 50 of 10.65% over 3Y and 10.01% over 5Y, with 3Y fund CAGR of 18.57% against the benchmark's 7.75%
- Long-term downside capture of 86-91% over 5Y-12Y windows indicates better-than-benchmark loss protection over extended periods
- Sectoral concentration risk with 8 drawdown events exceeding 10%, a maximum drawdown duration of 806 days, and a 423-day recovery period
- Highly volatile calendar year returns, ranging from -25.03% in 2018 to 65.07% in 2021, and recent 3Y downside capture of 103.75% indicating amplified losses in that window
Generated on 04-09-2026, 2:52 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.71 L | 23.3% | -67.2% | 141.9% |
| 3 Years | ₹36.00 L | ₹49.30 L | 19.1% | -35.2% | 57.6% |
| 5 Years | ₹60.00 L | ₹94.09 L | 18.2% | -17.1% | 47.1% |
| 7 Years | ₹84.00 L | ₹1.55 Cr | 17.7% | -7.7% | 33.9% |
| 10 Years | ₹1.20 Cr | ₹3.32 Cr | 19.7% | 13.5% | 26.0% |
| 12 Years | ₹1.44 Cr | ₹4.79 Cr | 18.8% | 15.4% | 22.3% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 23.3% | 14.4% | 14.1% | +8.9% |
| 3 Years | 19.1% | 11.1% | 16.8% | +7.9% |
| 5 Years | 18.2% | 10.4% | 16.9% | +7.7% |
| 7 Years | 17.7% | 10.6% | 16.5% | +7.2% |
| 10 Years | 19.7% | 11.5% | 16.7% | +8.2% |
| 12 Years | 18.8% | 11.4% | 16.3% | +7.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.5% | 10.3% | -42.8% | 119.3% | 0.45 | 1.29 | 67% | — | — |
| 3 Years | 18.4% | 19.9% | -15.2% | 44.9% | 0.90 | 2.40 | 91% | — | — |
| 5 Years | 16.9% | 15.6% | -4.8% | 42.2% | 1.01 | 5.68 | 97% | — | — |
| 10 Years | 17.4% | 17.6% | 12.1% | 20.9% | 5.63 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.11 | 1.06 | 101.3% | 94.8% | 1.7% | -2.9% |
| 3 Years | +10.65 | 1.13 | 116.5% | 103.8% | 18.6% | 7.8% |
| 5 Years | +10.01 | 1.02 | 103.8% | 91.7% | 17.9% | 7.8% |
| 7 Years | +10.49 | 0.91 | 97.3% | 86.4% | 21.8% | 11.8% |
| 10 Years | +6.36 | 0.94 | 98.0% | 90.3% | 16.9% | 10.8% |
| 12 Years | +6.07 | 0.95 | 98.2% | 90.8% | 15.7% | 9.8% |
| 15 Years | +3.77 | 0.96 | 98.5% | 93.3% | 13.3% | 9.7% |