Tata Infrastructure Fund
Direct · GrowthAI Summary
Tata Infrastructure Fund has delivered strong SIP XIRR across horizons, including 20.0% over 3Y and 20.67% over 5Y, beating the category averages of 16.4% and 17.53% respectively. It has also generated consistent positive alpha versus the NIFTY 50, with alpha of 10.27% over 5Y and 7.23% over 3Y, and its lump-sum CAGR exceeded the benchmark in every period shown. The 1Y XIRR of 13.99% also outpaces the category average of 10.87%.
The fund shows a defensive profile with downside capture below 100% in all periods (ranging from 80.98% to 96.04%) while upside capture remains near or above 100% in shorter windows, indicating favorable asymmetry. Beta below 1 in longer windows (0.86-0.91) suggests lower volatility than the NIFTY 50. However, the maximum drawdown lasted 801 days with a 291-day recovery, and 6 drawdown events exceeding 10% highlight that meaningful interim losses are possible.
The portfolio is diversified across 50 stocks, with Larsen & Toubro as the top holding at 6.9% and no other stock above 4%, limiting single-stock concentration. Sector exposure is concentrated in cyclical infrastructure-linked themes: Power (15.0%), Construction (13.6%), Industrial Products (11.9%), and Cement (10.5%). Notably, three Adani group companies (Adani Ports, Adani Energy Solutions, and Adani Power) together account for roughly 10.3% of NAV, adding group-specific concentration risk.
The fund outperforms the category average SIP XIRR across all listed horizons, from 13.99% vs 10.87% over 1Y to 18.9% vs 16.47% over 10Y. Calendar year returns show strong upside years such as 63.64% in 2014, 53.91% in 2021, and 45.42% in 2023, but also negative years including -14.84% in 2018 and -6.52% in 2025, reflecting the cyclical nature of the sector. This performance consistency across multiple horizons suggests durable stock selection rather than a single-period fluke.
This fund suits investors with high risk tolerance seeking tactical or satellite exposure to India's infrastructure and capital goods cycle, not as a core diversified holding. A horizon of at least 5-7 years is advisable given the sector's cyclicality and the fund's history of multi-year drawdowns. Investors should be comfortable with sharp year-to-year swings and concentration in power, construction, and cement-linked businesses.
- SIP XIRR beats category averages at every horizon, including 20.0% over 3Y versus the category's 16.4%
- Consistent positive alpha versus NIFTY 50 across all periods, with 10.27% alpha over 5Y
- Downside capture below 100% in all windows (as low as 80.98% over 7Y) while maintaining near-parity or better on upside
- Heavy sector concentration in cyclical infrastructure themes, with Power (15.0%) and Construction (13.6%) alone comprising nearly 29% of the portfolio
- Exposure to three Adani group companies totaling roughly 10.3% of NAV creates group-level concentration risk
- Long maximum drawdown duration of 801 days with 291-day recovery, plus 6 drawdown events exceeding 10%, indicates prolonged recovery periods are possible
Generated on 09-10-2026, 3:18 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 | ₹12.82 L | 21.6% | -57.9% | 120.3% |
| 3 Years | ₹36.00 L | ₹45.54 L | 17.4% | -24.6% | 48.9% |
| 5 Years | ₹60.00 L | ₹92.07 L | 17.3% | -11.4% | 42.0% |
| 7 Years | ₹84.00 L | ₹1.58 Cr | 17.6% | -3.2% | 31.8% |
| 10 Years | ₹1.20 Cr | ₹3.09 Cr | 18.9% | 14.7% | 24.6% |
| 12 Years | ₹1.44 Cr | ₹4.27 Cr | 17.3% | 14.6% | 21.1% |
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 | 21.6% | 14.3% | 10.7% | +7.3% |
| 3 Years | 17.4% | 11.0% | 16.3% | +6.3% |
| 5 Years | 17.3% | 10.4% | 17.5% | +6.9% |
| 7 Years | 17.6% | 10.6% | 16.6% | +7.0% |
| 10 Years | 18.9% | 11.4% | 16.4% | +7.4% |
| 12 Years | 17.3% | 11.3% | 15.8% | +6.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.9% | 13.1% | -32.9% | 99.8% | 0.48 | 1.42 | 75% | — | — |
| 3 Years | 17.7% | 17.8% | -10.2% | 41.3% | 0.99 | 3.41 | 92% | — | — |
| 5 Years | 16.7% | 16.0% | -3.2% | 35.0% | 1.22 | 6.83 | 98% | — | — |
| 10 Years | 16.9% | 16.3% | 12.8% | 21.5% | 4.95 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.18 | 0.99 | 99.2% | 83.8% | 2.3% | -10.0% |
| 3 Years | +6.29 | 1.05 | 104.4% | 96.1% | 10.8% | 4.7% |
| 5 Years | +9.72 | 0.95 | 97.7% | 85.3% | 14.1% | 4.3% |
| 7 Years | +9.09 | 0.86 | 91.1% | 81.0% | 18.9% | 10.4% |
| 10 Years | +4.63 | 0.88 | 91.1% | 84.9% | 14.4% | 10.2% |
| 12 Years | +5.77 | 0.89 | 91.8% | 84.5% | 14.7% | 9.2% |
| 15 Years | +4.00 | 0.91 | 93.3% | 87.7% | 13.0% | 9.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | LARSEN & TOUBRO LTD | 6.90% |
| 2 | ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 3.96% |
| 3 | NTPC LTD | 3.94% |
| 4 | ADANI ENERGY SOLUTIONS LTD | 3.70% |
| 5 | INTERGLOBE AVIATION LTD | 3.57% |
| 6 | THE RAMCO CEMENTS LTD | 3.08% |
| 7 | ADANI POWER LTD | 2.66% |
| 8 | ULTRATECH CEMENT LTD | 2.53% |
| 9 | BHARAT HEAVY ELECTRICALS LTD | 2.51% |
| 10 | ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 2.17% |