Invesco India Infrastructure Fund
Direct · GrowthAI Summary
Invesco India Infrastructure Fund has delivered strong SIP XIRR across all periods, with 1Y at 26.13%, 3Y at 20.19%, and 10Y at 21.52%, consistently outperforming the category average SIP XIRR of 15.91% (1Y), 17.72% (3Y), and 19.43% (10Y). The outperformance is most pronounced over 1Y and 5Y horizons, where the fund leads its category by over 3 percentage points. Calendar year returns show high dispersion, ranging from 84.68% in 2014 to -14.17% in 2018, reflecting the cyclical nature of the infrastructure theme.
The fund shows 7 drawdown events exceeding 10%, and its maximum drawdown of -0.36% with a 33-day duration and 252-day recovery indicates the metrics reflect a recent, shallow drawdown rather than the fund's historical worst case. Calmar ratios between 0.52 and 0.68 across periods suggest moderate risk-adjusted efficiency, with the 1Y Calmar of 0.6753 being the strongest. Investors should expect meaningful interim volatility given the thematic, cyclical exposure, as evidenced by negative calendar years in 2013, 2015, 2018, and 2025.
The top holding, Honeywell Automation India, accounts for 9.76% of NAV, followed by Schneider Electric Infrastructure and Larsen & Toubro at 5.8% each, with 38 total holdings providing reasonable diversification. Sector concentration is high, with the top five sectors — Electrical Equipment (16.8%), Industrial Manufacturing (16.5%), Industrial Products (15.7%), and Construction (11.5%) — dominating the portfolio. This concentrated industrial and capital-goods orientation is typical of an infrastructure thematic fund and amplifies both upside and downside relative to diversified equity funds.
The fund beats the category average SIP XIRR at every measured horizon, with the widest gaps over 1Y (26.13% vs 15.91%) and 5Y (20.13% vs 17.04%). Its long-term record is consistent, with XIRR above 20% across 3Y, 5Y, 7Y, 10Y, and 12Y periods. This sustained outperformance across multiple horizons suggests genuine stock-selection skill rather than a single favorable cycle.
This fund is suitable for investors with high risk tolerance who already hold diversified core equity funds and want a tactical or satellite exposure to India's infrastructure and capital goods cycle. A time horizon of at least 5-7 years is advisable to ride out the theme's pronounced cyclicality, as seen in negative years like 2018 (-14.17%) and 2025 (-6.43%). It should represent a limited portion of an overall portfolio rather than a core holding, given its sector concentration.
- Consistent outperformance versus category average SIP XIRR across all measured horizons from 1Y to 12Y
- Long-term SIP XIRR above 20% across 3Y, 5Y, 7Y, 10Y, and 12Y periods, indicating strong compounding for systematic investors
- Diversified 38-stock portfolio with disciplined position sizing, as the top holding is under 10% of NAV
- High sector concentration in cyclical industrial sectors, with the top five sectors accounting for over 65% of the portfolio
- Volatile calendar-year returns, including four negative years since 2013, requiring a long horizon and high risk tolerance
Generated on 06-09-2026, 7:58 PM. 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 | ₹12.84 L | 26.1% | -49.6% | 155.7% |
| 3 Years | ₹36.00 L | ₹46.85 L | 20.2% | -18.4% | 52.6% |
| 5 Years | ₹60.00 L | ₹98.91 L | 20.1% | -6.4% | 43.8% |
| 7 Years | ₹84.00 L | ₹1.71 Cr | 20.5% | 1.6% | 34.1% |
| 10 Years | ₹1.20 Cr | ₹3.68 Cr | 21.5% | 16.7% | 26.7% |
| 12 Years | ₹1.44 Cr | ₹5.33 Cr | 20.6% | 17.0% | 24.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 26.1% | 15.9% |
| 3 Years | 20.2% | 17.7% |
| 5 Years | 20.1% | 17.0% |
| 7 Years | 20.5% | 18.5% |
| 10 Years | 21.5% | 19.4% |
| 12 Years | 20.6% | 18.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 24.4% | 14.2% | -25.9% | 113.3% | 0.58 | 2.52 | 78% | — | — |
| 3 Years | 20.6% | 22.9% | -4.7% | 39.8% | 1.37 | 9.61 | 98% | — | — |
| 5 Years | 19.6% | 19.7% | -1.4% | 37.9% | 1.55 | 17.07 | 100% | — | — |
| 10 Years | 19.8% | 19.4% | 14.8% | 24.6% | 6.45 | — | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | Honeywell Automation India Limited | 9.76% |
| 2 | Schneider Electric Infrastructure Limited | 5.80% |
| 3 | Larsen & Toubro Limited | 5.80% |
| 4 | ABB India Limited | 4.13% |
| 5 | Grindwell Norton Limited | 4.06% |
| 6 | InterGlobe Aviation Limited | 3.68% |
| 7 | Kaynes Technology India Limited | 3.51% |
| 8 | Dredging Corporation of India Limited | 3.43% |
| 9 | Linde India Limited | 3.35% |
| 10 | Bharat Dynamics Limited ‡ | 3.30% |