EquitySectoral/ ThematicRegularGrowthVery High

SBI Infrastructure Fund

Q: What is the NAV of SBI Infrastructure Fund?

As of 01 Oct 2026, the NAV of SBI Infrastructure Fund is ₹47.90 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Infrastructure Fund delivered?

SBI Infrastructure Fund has returned -0.38% over 1 year, +10.81% per year over 3 years, +14.35% per year over 5 years and +8.43% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Infrastructure Fund?

SBI Infrastructure Fund charges an expense ratio of 2.04% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Infrastructure Fund?

SBI Infrastructure Fund's largest holdings are Reliance Industries Ltd. (11.6%), Bharti Airtel Ltd. (6.0%), Larsen & Toubro Ltd. (5.0%), Shree Cement Ltd. (4.8%) and Siemens Ltd. (4.2%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Infrastructure Fund?

SBI Infrastructure Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.6% and its worst peak-to-trough fall in our sample was -68.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.29 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Infrastructure Fund's 0.29 means it has rewarded its volatility with excess return. Higher is better.

Q: Who manages SBI Infrastructure Fund?

SBI Infrastructure Fund is managed by Bhavin Vithlani at SBI.

Q: How is SBI Infrastructure Fund taxed?

SBI Infrastructure Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

SBI Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹47.90

-1.00% 1D

as of 01 Oct 2026

This is the Regular plan of SBI Infrastructure Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+0.02%CAGR

52-week rangePrev NAV ₹48.38

Latest ₹47.90

Low ₹43.3952nd percentile of its 52-week rangeHigh ₹52.01

Scorecard

★★★☆☆3/5 vs 142 of 255 Sectoral/ Thematic peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +10.81% · ranks 80 of 142 Sectoral/ Thematic funds

RiskModerate

Volatility 14.6% vs 15.6% category avg

CostLow

2.0% expense vs 2.5% category avg

ConsistencyModerate

84% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

5-year return (+14.35%) beats the Sectoral/ Thematic average (+11.00%)
Low expense ratio (2.04%) vs the Sectoral/ Thematic average of 2.47%

Concerns

Trails the Sectoral/ Thematic average on 3M/6M/1Y — 1Y by 2.65pp
3-year return (+10.81%) trails the Sectoral/ Thematic average (+12.16%)
Weaker risk-adjusted returns — Sharpe 0.29 below the Sectoral/ Thematic average of 0.34

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.04%

Category 2.47%▼0.43%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.40

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.29

Category 0.34▼0.05

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Entry Load: Not applicable Exit Load: • For exit on or before 30 days from the date of allotment – 0.50 % • For exit after 30 days from the date of allotment – Nil The AMC reserves the right to modify / change the load structure on a prospective basis.

Up to 0.50%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

10 Jul 2007

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.77%

Absolute return over the last 3 months (not annualized)

-6.63%

Absolute return over the last 6 months (not annualized)

+7.90%

Absolute return since 1 Jan of this year (not annualized)

-2.87%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-0.38%

3-year annualized return (CAGR)

+10.81%

5-year annualized return (CAGR)

+14.35%

10-year annualized return (CAGR)

+14.24%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+8.43%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.60%

Excess return per unit of total volatility (rf = 6.5%)

0.29

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.40

Largest peak-to-trough decline over full history

-68.68%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

1.31%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

1.14

How much of the fund's movement Nifty 500 TRI explains

89.1%

Excess return per unit of beta (market risk)

4.14

Active return over the benchmark per unit of tracking error

0.23

Annualized std dev of fund-minus-benchmark returns

6.64%

Fund's share of benchmark gains in up months (100 = matches index)

107.4%

Fund's share of benchmark losses in down months (lower is better)

103.0%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-3.77%	-5.14%	+1.37%
3M abs	-6.63%	-2.33%	-4.30%
6M abs	+7.90%	+10.82%	-2.92%
1Y CAGR	-0.38%	+2.27%	-2.65%
3Y CAGR	+10.81%	+12.16%	-1.35%
5Y CAGR	+14.35%	+11.00%	+3.35%

Category average across peers in Sectoral/ Thematic (254 of 255 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 255 peers in Sectoral/ Thematic

1Y return

-0.38%

Beats 47.4% · rank #121

3Y return

+10.81%

Beats 44% · rank #80

5Y return

+14.35%

Beats 75.2% · rank #26

Sharpe

0.29

Beats 45.4% · rank #78

Sortino

0.40

Beats 44.7% · rank #78

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.85L

Absolute

+30.86%

XIRR

+11.04%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI Infrastructure Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-2.87%	-7.18%	+4.31%
2025	-1.00%	+7.94%	-8.94%
2024	+20.84%	+16.43%	+4.41%
2023	+49.70%	+27.43%	+22.27%
2022	+9.26%	+4.34%	+4.92%
2021	+48.33%	+31.59%	+16.74%
2020	+8.21%	+18.33%	-10.12%
2019	+10.21%	+8.95%	+1.26%
2018	-18.09%	-2.33%	-15.76%
2017	+41.74%	+37.35%	+4.39%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

4,421

Expense ratio

2.04%

AUM

₹4,463Cr

Portfolio turnover

72%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

20.4

P/B ratio

3.8

Avg market cap

₹3,91,910Cr

P/E & P/B are portfolio-weighted harmonic means across 35 of 41 equity holdings (89% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Sectoral/ Thematic

Compare all


SBI Infrastructure FundThis fund SBI · Regular · Growth	★★★☆☆	-0.38%	+10.81%	+14.35%	—	2.04%	₹4,463Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+118.60%	+60.45%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+21.45%	+34.62%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+25.19%	+28.72%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+32.21%	+22.88%	+8.49%	—	2.47%	₹720.84Cr
Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+17.38%	+21.97%	+12.58%	—	2.54%	₹320.62Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap60.4%
Mid cap14.1%
Small cap25.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.80%
Cash & Equivalents2.07%
Debt1.13%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
UTI - Infrastructure Fund UTI · Sectoral/ Thematic	39.4%	★★☆☆☆	2.00%	+11.04%
Nippon India ETF Nifty Infrastructure BeES Nippon India · Other ETFs	37.6%	—	0.52%	+11.15%
Nippon India Power & Infra Fund Nippon India · Sectoral/ Thematic	35.4%	★★★☆☆	1.10%	+16.95%
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Tata · Index Funds	35.2%	★★☆☆☆	0.63%	—
Bandhan Infrastructure Fund Bandhan · Sectoral/ Thematic	34.0%	★★★☆☆	1.05%	+14.39%
Kotak Infrastructure and Economic Reform Fund Kotak Mahindra · Sectoral/ Thematic	33.3%	★★★☆☆	0.85%	+15.37%
Quant Multi Asset Allocation Fund quant · Multi Asset Allocation	31.6% of 68% equity	★★★★☆	1.13%	+21.38%
DSP India T.I.G.E.R. Fund DSP · Sectoral/ Thematic	31.5%	★★★☆☆	1.06%	+18.67%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-68.7%04 Jan 2008 → 09 Mar 2009
Fell over 14 months, back to the old high on 25 Oct 2017 — 8.6 years under water after the low.
-43.1%05 Jan 2018 → 23 Mar 2020
Fell over 2.2 years, back to the old high on 08 Jan 2021 — 10 months under water after the low.
-23.5%23 Sep 2024 → 03 Mar 2025
Still below that high — 5 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹4,463Cr

April - June 2026

-2%

since January - March 2026

−₹214.79Cr

est. net flow, last quarter

At or near its largest, ₹4,532Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

BVBhavin VithlaniStart date not disclosed

Role

Fund Manager

Education

MMS(Finance)

Experience

Mr. Bhavin Vithlani joined SBIFML in October 2018 as an Equity Research Analyst. He has over 20 years of experience in the finance sector. Prior to joining SBIFML, he was previously associated with Axis Capital Limited (Erstwhile ENAM Securities Private Limited) (March 2006 – September – 018) - Primarily involved in equity research for Industrial and Power Sectors. Tower Capital & Securities Private Limited (October 2004 – March – 006) - Primarily involved in equity research for Industrial Sectors. He manages the

Funds managed (1)

SBI MIDCAP FUND

All schemes Bhavin Vithlani runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Bhavin Vithlani

Top holdings

Reliance Industries Ltd.Bharti Airtel Ltd.Larsen & Toubro Ltd.Shree Cement Ltd.Siemens Ltd.Adani Ports and Special Economic Zone Ltd.Bharat Heavy Electricals Ltd.Adani Enterprises Ltd.Torrent Power Ltd.Grindwell Norton Ltd.Ultratech Cement Ltd.Powerica Ltd.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of SBI Infrastructure Fund?

As of 01 Oct 2026, the NAV of SBI Infrastructure Fund is ₹47.90 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Infrastructure Fund delivered?

SBI Infrastructure Fund has returned -0.38% over 1 year, +10.81% per year over 3 years, +14.35% per year over 5 years and +8.43% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI Infrastructure Fund?

SBI Infrastructure Fund charges an expense ratio of 2.04% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Infrastructure Fund?

SBI Infrastructure Fund's largest holdings are Reliance Industries Ltd. (11.6%), Bharti Airtel Ltd. (6.0%), Larsen & Toubro Ltd. (5.0%), Shree Cement Ltd. (4.8%) and Siemens Ltd. (4.2%). Holdings are disclosed monthly and change over time.

How risky is SBI Infrastructure Fund?

SBI Infrastructure Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.6% and its worst peak-to-trough fall in our sample was -68.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.29 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Infrastructure Fund's 0.29 means it has rewarded its volatility with excess return. Higher is better.

Who manages SBI Infrastructure Fund?

SBI Infrastructure Fund is managed by Bhavin Vithlani at SBI.

How is SBI Infrastructure Fund taxed?

SBI Infrastructure Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.