Tata Infrastructure Fund
Direct · GrowthAI Summary
Tata Infrastructure Fund has delivered strong long-term SIP returns, with 3Y XIRR of 22.17% and 5Y XIRR of 20.79%, comfortably ahead of the category averages of 16.82% and 16.95% respectively. It has also generated consistent alpha over the NIFTY 50, including 11.95% in 1Y and 10.31% in 5Y, with lump-sum CAGRs of 15.48% (3Y) and 18.08% (5Y) versus benchmark 7.75% and 7.83%. However, the 1Y XIRR of 8.75% trails the category average of 14.1%, indicating recent underperformance against sector peers.
The fund shows a favorable downside profile versus the NIFTY 50, with downside capture below 100% across all periods (82.74% in 1Y, 84.81% in 5Y) while upside capture remains near or above 92% in longer windows. It has experienced 6 drawdown events greater than 10%, with a maximum drawdown duration of 801 days and a 291-day recovery, reflecting the cyclical nature of infrastructure investing. Calmar ratios between 0.36 and 0.47 across horizons indicate reasonable risk-adjusted returns for a sectoral fund.
The portfolio is diversified across 50 stocks, led by Larsen & Toubro at 6.9% of NAV, followed by Adani Ports (3.96%), NTPC (3.94%), and Adani Energy Solutions (3.7%). Sector concentration is meaningful, with Power (15.0%), Construction (13.6%), Industrial Products (11.9%), and Cement (10.5%) forming the top exposures. Notably, three Adani group companies appear in the top 10 holdings, aggregating roughly 10.3% of NAV, which adds single-group concentration risk.
Over meaningful horizons the fund outpaces its category, beating the average SIP XIRR by roughly 5 percentage points at 3Y (22.17% vs 16.82%) and nearly 4 points at 5Y (20.79% vs 16.95%). Its 7Y and 10Y XIRRs of 17.52% and 19.06% also exceed category averages of 16.51% and 16.71%, demonstrating durable long-term outperformance. The recent 1Y lag of 5.35 percentage points versus peers is the main consistency caveat.
This fund suits investors with high risk tolerance seeking tactical, sector-specific exposure to India's infrastructure and capex cycle, and it should be treated as a satellite holding rather than a core portfolio fund. A horizon of at least 5-7 years is advisable, given drawdowns lasting over two years historically and calendar-year volatility ranging from -14.84% (2018) to +63.64% (2014). Investors should be comfortable with concentration in cyclical sectors and Adani group exposure.
- Strong long-term SIP XIRR of 22.17% (3Y) and 20.79% (5Y), well above category averages of 16.82% and 16.95%
- Consistent alpha over NIFTY 50 across all periods, including 11.95% (1Y) and 10.31% (5Y), aided by downside capture below 85% in most windows
- Diversified 50-stock portfolio with disciplined position sizing, the top holding at only 6.9% of NAV
- Recent 1Y XIRR of 8.75% trails the category average of 14.1%, signaling near-term underperformance versus peers
- High sector concentration in cyclical themes (Power 15.0%, Construction 13.6%) plus roughly 10.3% exposure across three Adani group companies
Generated on 03-09-2026, 3:07 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 | ₹12.84 L | 21.8% | -57.9% | 120.3% |
| 3 Years | ₹36.00 L | ₹45.67 L | 17.6% | -24.6% | 48.9% |
| 5 Years | ₹60.00 L | ₹92.56 L | 17.3% | -11.4% | 42.0% |
| 7 Years | ₹84.00 L | ₹1.58 Cr | 17.5% | -3.2% | 31.8% |
| 10 Years | ₹1.20 Cr | ₹3.10 Cr | 18.9% | 14.7% | 24.6% |
| 12 Years | ₹1.44 Cr | ₹4.32 Cr | 17.5% | 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 | 21.8% | 14.4% | 14.1% | +7.4% |
| 3 Years | 17.6% | 11.1% | 16.8% | +6.4% |
| 5 Years | 17.3% | 10.4% | 16.9% | +6.9% |
| 7 Years | 17.5% | 10.6% | 16.5% | +7.0% |
| 10 Years | 18.9% | 11.5% | 16.7% | +7.5% |
| 12 Years | 17.5% | 11.4% | 16.3% | +6.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 20.1% | 13.4% | -32.9% | 99.8% | 0.48 | 1.44 | 75% | — | — |
| 3 Years | 17.8% | 18.1% | -10.2% | 41.3% | 0.99 | 3.41 | 92% | — | — |
| 5 Years | 16.7% | 15.9% | -3.2% | 35.0% | 1.21 | 6.77 | 98% | — | — |
| 10 Years | 17.0% | 16.4% | 12.8% | 21.5% | 5.00 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.95 | 0.98 | 98.5% | 82.7% | 9.2% | -2.9% |
| 3 Years | +7.66 | 1.05 | 106.5% | 96.5% | 15.5% | 7.8% |
| 5 Years | +10.31 | 0.95 | 97.8% | 84.8% | 18.1% | 7.8% |
| 7 Years | +9.52 | 0.87 | 91.8% | 81.4% | 20.6% | 11.8% |
| 10 Years | +4.94 | 0.88 | 91.3% | 84.7% | 15.2% | 10.8% |
| 12 Years | +5.91 | 0.89 | 92.4% | 84.9% | 15.3% | 9.8% |
| 15 Years | +4.02 | 0.91 | 93.4% | 87.7% | 13.4% | 9.7% |
| # | 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% |