Taurus Infrastructure Fund
Direct · GrowthAI Summary
Taurus Infrastructure Fund has delivered a 3Y SIP XIRR of 17.05% and 5Y SIP XIRR of 17.11%, modestly ahead of the 3Y category average of 16.36% but slightly behind the 5Y category average of 17.51%. Against the NIFTY 50, the fund shows positive alpha over longer horizons, including 4.07% over 5Y and 4.36% over 7Y, though its 1Y alpha is negative at -4.26% with the fund down 15.73% versus the benchmark's -11.24%. Long-term lump-sum performance is solid, with a 10Y Fund CAGR of 11.74% versus the benchmark's 9.83%.
The fund has experienced 8 drawdown events exceeding 10%, and its current maximum drawdown has lasted 798 days with a 268-day recovery, indicating prolonged and painful drawdown episodes typical of sectoral/thematic funds. Downside capture above 100% in the 1Y (102.64%) and 3Y (109.54%) windows shows the fund has recently fallen more than the benchmark, though over 7Y-12Y its downside capture of roughly 88-92% is favorable. Calmar ratios between 0.39 and 0.49 across horizons suggest moderate risk-adjusted efficiency relative to its drawdown history.
The portfolio is concentrated in 29 holdings, with the top 10 accounting for roughly 50% of NAV, led by Bharti Airtel (9.5%), Larsen & Toubro (8.04%), and Reliance Industries (7.16%). Sector exposure is heavily tilted toward Construction (14.6%), Telecom Services (13.8%), and Petroleum Products (11.7%), with Power (8.5%) and Cement (5.7%) rounding out the top five. The inclusion of Vodafone Idea (4.32%) adds a higher-risk telecom exposure worth monitoring.
The fund beats the category average SIP XIRR over 3Y (17.05% vs 16.36%) and 12Y (15.27% vs 15.81% is slightly behind), while trailing over 1Y (7.94% vs 10.78%), 5Y (17.11% vs 17.51%), 7Y (15.43% vs 16.65%), and 10Y (16.24% vs 16.46%). This mixed positioning suggests the fund is a middle-of-the-pack performer within the sectoral/thematic category rather than a consistent leader. Its calendar year returns are highly variable, ranging from 59.15% in 2014 to -15.28% in 2026, reflecting the cyclical nature of infrastructure investing.
This fund is suitable only for aggressive investors who understand sectoral/thematic risk and want tactical exposure to India's infrastructure, power, and telecom capex cycle. A time horizon of at least 7-10 years is advisable, as the fund's drawdowns can be prolonged and calendar-year returns are highly volatile. Investors should size this as a satellite allocation within a diversified portfolio, not a core holding, given the high 2.45% expense ratio and concentrated sector bets.
- Consistent positive alpha versus NIFTY 50 over 3Y to 15Y horizons, including 4.07% over 5Y and 4.36% over 7Y
- Strong long-term SIP returns with 3Y XIRR of 17.05% and 5Y XIRR of 17.11%, ahead of the 3Y category average
- Favorable downside capture of 88-92% over 7Y-12Y windows, indicating resilience in extended market declines
- High expense ratio of 2.45% on the Direct plan, which erodes net returns relative to lower-cost peers
- Recent underperformance with a 1Y SIP XIRR of 7.94% versus the category average of 10.78%, and 1Y downside capture of 102.64% amid a -15.73% calendar-year decline in 2026
Generated on 10-10-2026, 3:02 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 | ₹12.68 L | 19.6% | -50.9% | 143.4% |
| 3 Years | ₹36.00 L | ₹45.61 L | 15.5% | -21.2% | 39.2% |
| 5 Years | ₹60.00 L | ₹88.63 L | 15.5% | -7.4% | 32.8% |
| 7 Years | ₹84.00 L | ₹1.44 Cr | 15.4% | -0.1% | 25.4% |
| 10 Years | ₹1.20 Cr | ₹2.77 Cr | 16.2% | 11.0% | 20.9% |
| 12 Years | ₹1.44 Cr | ₹3.87 Cr | 15.3% | 11.4% | 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 | 19.6% | 14.3% | 10.7% | +5.3% |
| 3 Years | 15.5% | 11.0% | 16.3% | +4.5% |
| 5 Years | 15.5% | 10.4% | 17.5% | +5.1% |
| 7 Years | 15.4% | 10.6% | 16.6% | +4.8% |
| 10 Years | 16.2% | 11.4% | 16.4% | +4.8% |
| 12 Years | 15.3% | 11.3% | 15.8% | +4.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.3% | 11.9% | -29.8% | 98.7% | 0.46 | 1.41 | 70% | — | — |
| 3 Years | 16.0% | 16.4% | -5.6% | 32.6% | 1.25 | 4.82 | 96% | — | — |
| 5 Years | 15.3% | 15.4% | -0.8% | 29.6% | 1.42 | 11.62 | 100% | — | — |
| 10 Years | 15.6% | 15.5% | 11.7% | 20.1% | 4.60 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -5.20 | 0.99 | 93.1% | 100.6% | -16.4% | -11.4% |
| 3 Years | -0.22 | 1.12 | 108.8% | 109.7% | 4.9% | 5.3% |
| 5 Years | +3.86 | 1.04 | 104.4% | 99.9% | 8.2% | 4.4% |
| 7 Years | +4.04 | 0.88 | 93.0% | 88.2% | 13.8% | 10.2% |
| 10 Years | +2.06 | 0.90 | 93.7% | 90.8% | 11.9% | 10.2% |
| 12 Years | +2.85 | 0.92 | 95.2% | 91.5% | 11.9% | 9.3% |
| 15 Years | +1.86 | 0.95 | 98.7% | 96.2% | 11.0% | 9.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Ltd. | 9.50% |
| 2 | Larsen & Toubro Ltd. | 8.04% |
| 3 | Reliance Industries Ltd. | 7.16% |
| 4 | Power Grid Corporation of India Ltd. | 5.17% |
| 5 | Vodafone Idea Ltd. | 4.32% |
| 6 | Ultratech Cement Ltd. | 3.74% |
| 7 | NTPC Ltd. | 3.34% |
| 8 | Rites Ltd. | 3.07% |
| 9 | Oil & Natural Gas Corporation Ltd. | 3.05% |
| 10 | BEML Ltd. | 2.98% |