Taurus Infrastructure Fund
Direct · GrowthAI Summary
Taurus Infrastructure Fund has delivered a 3Y SIP XIRR of 19.01% and 5Y XIRR of 17.66%, outperforming the NIFTY 50 on a lump-sum basis with positive alpha across most periods (3Y alpha of 3.70%, 5Y alpha of 4.04%). However, its XIRR trails the category average at most horizons — 19.01% vs 16.82% at 3Y is an exception, while 1Y XIRR of 10.79% lags the category's 14.1% and the 10Y XIRR of 16.6% trails the category's 16.71%. Long-term lump-sum CAGR remains solidly ahead of the benchmark, with 12Y fund CAGR of 12.8% versus 9.79% for the NIFTY 50.
The fund shows a beta above 1 in recent periods (1.13 at 3Y, 1.01 at 1Y), indicating higher volatility than the NIFTY 50, with downside capture of 110.45% at 3Y meaning it falls more than the benchmark in down markets. It has experienced 8 drawdown events greater than 10%, with a maximum drawdown duration of 798 days and a recovery period of 268 days, reflecting the cyclical nature of infrastructure investing. Calmar ratios between 0.39 and 0.50 across horizons suggest moderate risk-adjusted returns, with the 1Y Calmar of 0.50 being the strongest.
The portfolio is concentrated in 31 holdings, with the top 10 accounting for roughly 50% of NAV, led by Bharti Airtel (9.96%), Larsen & Toubro (7.65%), and Reliance Industries (7.09%). Sector allocation is heavily tilted toward Construction (15.1%), Telecom Services (13.7%), and Petroleum Products (12.5%), consistent with its infrastructure theme. The presence of Vodafone Idea (3.75%) is a notable risk given the company's financial stress, and the relatively small holdings count increases single-stock impact.
The fund beats its category on SIP XIRR at the 3Y mark (19.01% vs 16.82%) but underperforms at 1Y (10.79% vs 14.1%), 5Y (17.66% vs 16.95% is marginally ahead), 7Y (15.53% vs 16.51%), and 10Y (16.6% vs 16.71%), indicating inconsistent category leadership. Calendar year returns show high dispersion, ranging from 59.15% in 2014 to -12.24% in 2013, typical of sectoral funds. Its strong alpha versus the NIFTY 50 over 3Y to 7Y periods suggests capable stock selection even when category-relative performance fluctuates.
This fund is suitable for investors with high risk tolerance who understand sectoral/thematic concentration risk and can withstand drawdowns lasting over two years. A time horizon of at least 5-7 years is recommended, as the fund's cyclicality produces wide year-to-year return swings. It should be treated as a satellite allocation within a diversified portfolio rather than a core holding, given its 2.45% expense ratio and sector concentration.
- Consistent positive alpha versus the NIFTY 50 across 3Y to 15Y periods, including 5.33% alpha over 7Y
- Strong 3Y SIP XIRR of 19.01%, ahead of the category average of 16.82%
- Long-term outperformance versus benchmark, with 12Y fund CAGR of 12.8% against the NIFTY 50's 9.79%
- High expense ratio of 2.45%, which erodes returns relative to lower-cost peers
- Elevated downside capture of 110.45% at 3Y and beta of 1.13, indicating amplified losses in market declines, plus exposure to stressed asset Vodafone Idea (3.75% of NAV)
Generated on 03-09-2026, 3:10 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 | 20.0% | -50.9% | 143.4% |
| 3 Years | ₹36.00 L | ₹45.70 L | 15.8% | -21.2% | 39.2% |
| 5 Years | ₹60.00 L | ₹89.03 L | 15.6% | -7.4% | 32.8% |
| 7 Years | ₹84.00 L | ₹1.45 Cr | 15.5% | -0.1% | 25.4% |
| 10 Years | ₹1.20 Cr | ₹2.79 Cr | 16.4% | 12.1% | 20.9% |
| 12 Years | ₹1.44 Cr | ₹3.96 Cr | 15.6% | 12.7% | 18.8% |
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 | 20.0% | 14.4% | 14.1% | +5.6% |
| 3 Years | 15.8% | 11.1% | 16.8% | +4.7% |
| 5 Years | 15.6% | 10.4% | 16.9% | +5.2% |
| 7 Years | 15.5% | 10.6% | 16.5% | +4.9% |
| 10 Years | 16.4% | 11.5% | 16.7% | +4.9% |
| 12 Years | 15.6% | 11.4% | 16.3% | +4.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.7% | 12.4% | -29.8% | 98.7% | 0.47 | 1.49 | 71% | — | — |
| 3 Years | 16.1% | 16.5% | -5.6% | 32.6% | 1.27 | 4.85 | 96% | — | — |
| 5 Years | 15.4% | 15.4% | -0.8% | 29.6% | 1.43 | 11.64 | 100% | — | — |
| 10 Years | 15.8% | 15.5% | 11.7% | 20.1% | 4.84 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -1.18 | 1.01 | 98.5% | 100.0% | -4.2% | -2.9% |
| 3 Years | +3.70 | 1.13 | 114.5% | 110.5% | 11.6% | 7.8% |
| 5 Years | +4.04 | 1.04 | 104.6% | 99.6% | 11.9% | 7.8% |
| 7 Years | +5.33 | 0.88 | 93.4% | 87.6% | 16.5% | 11.8% |
| 10 Years | +2.92 | 0.90 | 94.5% | 90.7% | 13.3% | 10.8% |
| 12 Years | +3.27 | 0.92 | 96.0% | 91.8% | 12.8% | 9.8% |
| 15 Years | +2.19 | 0.95 | 99.0% | 96.1% | 11.8% | 9.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Ltd. | 9.96% |
| 2 | Larsen & Toubro Ltd. | 7.65% |
| 3 | Reliance Industries Ltd. | 7.09% |
| 4 | Power Grid Corporation of India Ltd. | 5.42% |
| 5 | Ultratech Cement Ltd. | 3.76% |
| 6 | Vodafone Idea Ltd. | 3.75% |
| 7 | Grasim Industries Ltd. | 3.55% |
| 8 | NTPC Ltd. | 3.44% |
| 9 | Oil & Natural Gas Corporation Ltd. | 3.10% |
| 10 | Rites Ltd. | 2.93% |