Sundaram Infrastructure Advantage Fund
Direct · GrowthAI Summary
Sundaram Infrastructure Advantage Fund has delivered strong long-term SIP returns, with 3Y XIRR of 20.99%, 5Y XIRR of 18.91%, and 10Y XIRR of 18.46%, outperforming the category average SIP XIRR of 16.82%, 16.95%, and 16.71% respectively. Against the NIFTY 50, the fund has generated consistent alpha across horizons, including 11.71% over 1Y and 10.14% over 5Y, with lump-sum CAGRs well ahead of the benchmark. However, the 1Y XIRR of 12.05% trails the category average of 14.1%, indicating recent softness.
The fund shows a beta below 1 across most horizons (0.91-0.98) and a downside capture of 80.95% to 89.55%, meaning it has historically fallen less than the NIFTY 50 in down markets. It has experienced 8 drawdown events exceeding 10%, and the maximum drawdown duration of 806 days with a 331-day recovery highlights the extended time it can take to bounce back from deep losses. Calmar ratios of roughly 0.29 to 0.34 across horizons reflect moderate risk-adjusted efficiency typical of a cyclical sectoral fund.
The 51-stock portfolio is led by Bharti Airtel (8.36%), Larsen & Toubro (7.97%), and Reliance Industries (6.81%), with the top 10 holdings accounting for roughly 43% of NAV. Sector exposure is concentrated in Electrical Equipment (12.4%), Construction (11.0%), Telecom Services (10.7%), and Power (9.9%), consistent with its infrastructure theme. This concentration means performance is closely tied to capex, power, and construction cycles rather than broad market trends.
Over 3Y, 5Y, 7Y, and 10Y horizons, the fund's SIP XIRR beats the category average by roughly 1.7 to 4.2 percentage points, placing it among the stronger performers in the sectoral/thematic category. Calendar year returns show high dispersion, ranging from -21.14% in 2018 to 55.2% in 2017 and 49.58% in 2021, which is characteristic of thematic funds. The recent 1Y and 2-year period (2025-2026 returns of 4.19% and 6.05%) shows momentum has cooled considerably.
This fund suits investors with high risk tolerance who already hold diversified core equity funds and want a tactical satellite allocation to India's infrastructure and capex theme. A holding period of at least 5-7 years is advisable, given the extended drawdown durations and year-to-year volatility. Investors should be comfortable with sharp swings, as the fund can lag significantly in years when the infrastructure cycle turns.
- Consistent alpha over the NIFTY 50 across all measured horizons, ranging from 4.43% (15Y) to 11.71% (1Y)
- SIP XIRR beats the category average over 3Y, 5Y, 7Y, 10Y, and 12Y horizons
- Favorable downside capture (80.95%-89.55%) with beta below 1 in most periods, cushioning market declines
- High sector concentration in cyclical infrastructure-linked industries, with the top 5 sectors exceeding 52% of NAV
- Recent performance has weakened, with 1Y XIRR of 12.05% trailing the category average of 14.1% and modest 2025-2026 calendar returns
- History of 8 drawdown events above 10% and a maximum drawdown lasting 806 days, requiring long recovery patience
Generated on 06-09-2026, 7:53 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 | ₹12.70 L | 17.9% | -64.6% | 112.5% |
| 3 Years | ₹36.00 L | ₹47.08 L | 16.9% | -30.1% | 40.9% |
| 5 Years | ₹60.00 L | ₹91.88 L | 16.2% | -14.8% | 35.7% |
| 7 Years | ₹84.00 L | ₹1.58 Cr | 18.4% | 9.7% | 26.8% |
| 10 Years | ₹1.20 Cr | ₹3.07 Cr | 18.3% | 15.3% | 21.1% |
| 12 Years | ₹1.44 Cr | ₹4.03 Cr | 16.2% | 14.9% | 17.0% |
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 | 17.9% | 14.4% | 14.1% | +3.5% |
| 3 Years | 16.9% | 11.1% | 16.8% | +5.8% |
| 5 Years | 16.2% | 10.4% | 16.9% | +5.8% |
| 7 Years | 18.4% | 10.6% | 16.5% | +7.8% |
| 10 Years | 18.3% | 11.5% | 16.7% | +6.9% |
| 12 Years | 16.2% | 11.4% | 16.3% | +4.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.0% | 10.3% | -38.6% | 103.6% | 0.42 | 1.12 | 77% | — | — |
| 3 Years | 15.9% | 17.1% | -11.6% | 39.0% | 0.89 | 2.44 | 90% | — | — |
| 5 Years | 14.9% | 13.5% | -4.4% | 35.2% | 0.99 | 4.71 | 97% | — | — |
| 10 Years | 15.4% | 15.3% | 11.7% | 18.2% | 7.01 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.71 | 0.92 | 96.5% | 81.0% | 9.6% | -2.9% |
| 3 Years | +11.16 | 1.06 | 108.6% | 95.1% | 19.0% | 7.8% |
| 5 Years | +10.14 | 0.98 | 100.1% | 87.8% | 17.9% | 7.8% |
| 7 Years | +8.65 | 0.91 | 94.4% | 85.2% | 20.0% | 11.8% |
| 10 Years | +4.74 | 0.92 | 94.2% | 88.4% | 15.2% | 10.8% |
| 12 Years | +4.90 | 0.93 | 95.1% | 89.0% | 14.4% | 9.8% |
| 15 Years | +4.43 | 0.93 | 96.2% | 89.5% | 13.1% | 8.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Larsen & Toubro Ltd | 8.25% |
| 2 | Bharti Airtel Ltd | 7.74% |
| 3 | Reliance Industries Ltd | 6.71% |
| 4 | NTPC LTD | 4.52% |
| 5 | Ultratech Cement Ltd | 3.30% |
| 6 | Bharat Electronics Ltd | 2.88% |
| 7 | Kirloskar Oil Engines Ltd | 2.85% |
| 8 | S.J.S. Enterprises Ltd | 2.56% |
| 9 | GE Vernova T and D India Ltd | 2.33% |
| 10 | Kalpataru Projects International Ltd | 2.28% |