UTI Infrastructure Fund
Direct · GrowthAI Summary
UTI Infrastructure Fund has delivered strong alpha over the NIFTY 50, with 3Y, 5Y, and 7Y alphas of 8.08%, 7.21%, and 5.54% respectively, and fund CAGRs well above benchmark across most periods. However, its SIP XIRR trails the sectoral/thematic category average at most horizons — 18.99% vs 16.82% over 3Y is an exception, but 5Y (16.9% vs 16.95%), 7Y (14.18% vs 16.51%), 10Y (15.73% vs 16.71%), and 12Y (15.14% vs 16.25%) all lag peers. Recent 1Y XIRR of 11.05% also falls short of the category's 14.1%.
The fund shows defensive characteristics versus the NIFTY 50, with downside capture below 100% across all periods (e.g., 88.95% over 1Y and 88.89% over 7Y) and betas mostly under 1.0, cushioning market declines. It has experienced 8 drawdown events exceeding 10%, and the maximum drawdown took 804 days with a 316-day recovery, indicating prolonged recovery periods typical of cyclical infrastructure exposure. Positive alpha across all measured periods suggests the fund has compensated investors for this risk.
As a sectoral/thematic fund, the portfolio is concentrated in infrastructure-linked sectors such as capital goods, construction, cement, and power, rather than diversified across the broad market. This concentration drives the fund's high single-cycle returns (e.g., 37.47% in 2023 and 40.96% in 2017) but also its deep down years (-14.86% in 2018, -12.6% in 2013). Investors should expect significant sector concentration risk as an inherent feature of the mandate.
The fund's 3Y SIP XIRR of 18.99% beats the category average of 16.82%, showing strong recent relative performance, but longer-horizon XIRRs trail category peers by roughly 1-2.5 percentage points. Calendar-year returns are highly variable, ranging from 60.51% in 2014 to -14.86% in 2018, reflecting the cyclical nature of the infrastructure theme. Consistency versus peers is therefore moderate, with performance dependent on the infrastructure cycle.
This fund is suitable for investors who already hold a diversified core portfolio and want a tactical, high-conviction allocation to the India infrastructure theme. A horizon of at least 5-7 years is advisable given the extended drawdown and recovery periods, and investors must tolerate sharp year-to-year swings. It should be sized as a satellite holding (typically 5-10% of the portfolio) rather than a core investment.
- Consistent positive alpha versus NIFTY 50 across all measured periods, including 8.08% over 3Y and 7.21% over 5Y
- Below-100% downside capture in every period (as low as 88.89% over 7Y), limiting losses during market declines
- Strong 3Y SIP XIRR of 18.99% that outperforms the category average of 16.82%
- SIP XIRR trails the category average at 1Y, 5Y, 7Y, 10Y, and 12Y horizons, indicating weaker long-term peer-relative consistency
- High expense ratio of 1.97% and inherent sector concentration expose investors to prolonged infrastructure downcycles, as seen in the 804-day maximum drawdown duration
Generated on 06-09-2026, 7:55 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 | ₹12.72 L | 19.1% | -60.6% | 124.8% |
| 3 Years | ₹36.00 L | ₹44.93 L | 14.5% | -25.9% | 40.3% |
| 5 Years | ₹60.00 L | ₹86.39 L | 14.2% | -12.4% | 33.6% |
| 7 Years | ₹84.00 L | ₹1.38 Cr | 14.2% | -4.8% | 25.4% |
| 10 Years | ₹1.20 Cr | ₹2.73 Cr | 15.6% | 11.4% | 19.9% |
| 12 Years | ₹1.44 Cr | ₹3.73 Cr | 15.0% | 12.6% | 17.2% |
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 | 19.1% | 14.4% | 14.1% | +4.7% |
| 3 Years | 14.5% | 11.1% | 16.8% | +3.4% |
| 5 Years | 14.2% | 10.4% | 16.9% | +3.8% |
| 7 Years | 14.2% | 10.6% | 16.5% | +3.7% |
| 10 Years | 15.6% | 11.5% | 16.7% | +4.2% |
| 12 Years | 15.0% | 11.4% | 16.3% | +3.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.4% | 9.9% | -34.5% | 92.9% | 0.42 | 1.14 | 74% | — | — |
| 3 Years | 14.6% | 15.0% | -10.9% | 34.5% | 0.86 | 2.30 | 92% | — | — |
| 5 Years | 13.6% | 13.5% | -4.3% | 31.5% | 0.98 | 3.80 | 97% | — | — |
| 10 Years | 14.1% | 14.0% | 10.4% | 18.1% | 4.55 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.77 | 0.96 | 99.2% | 89.0% | 5.2% | -2.9% |
| 3 Years | +8.08 | 1.05 | 107.4% | 97.6% | 15.9% | 7.8% |
| 5 Years | +7.21 | 0.98 | 98.5% | 89.7% | 15.0% | 7.8% |
| 7 Years | +5.54 | 0.93 | 95.0% | 88.9% | 17.0% | 11.8% |
| 10 Years | +2.44 | 0.95 | 96.3% | 93.1% | 13.0% | 10.8% |
| 12 Years | +2.54 | 0.98 | 98.9% | 95.6% | 12.3% | 9.8% |
| 15 Years | +1.63 | 1.00 | 100.7% | 98.5% | 11.3% | 9.7% |