April 7, 2026
RA Jainee
Bandhan Infrastructure Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 51.16 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 39.79 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE India Infrastructure TRI |
| AUM Rs. | 1,469 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.97% |
| 1 Year Return (%) | -2.36 |
| 3 Year Return (%) | 20.97 |
| 5 Year Return (%) | 19.73 |
| 10 Year Return (%) | 17.10 |
| Return Since Launch | 14.08% |
⚖️ Sahifund Review – Bandhan Infrastructure Fund ✔
✓ PLUS:
• Strong long-term track record with ~17–20% returns across 3, 5 & 10 years
• Consistent participation in India’s infrastructure growth theme over multiple cycles
• Well-diversified portfolio (65+ stocks) reduces single-stock concentration risk
• Balanced allocation across large, mid and small infra-linked companies
• Reasonable valuations (P/E ~25) compared to other thematic funds
• SIP-friendly for investors targeting long-term infra capex cycle
• Backed by established fund house Bandhan Mutual Fund with experienced equity management
⚖️ MINUS:
• Recent underperformance vs benchmark and peers across 1Y & medium-term periods
• Weak momentum (negative YTD / 3–6 month returns) reflects sector slowdown
• Thematic concentration—heavy dependence on infrastructure cycle and government spending
• Moderate turnover (~25%) indicates active churn
• Mid and small-cap exposure (~54%) adds volatility
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Infrastructure funds in our opinion, because:
• They have a narrow focus on only infrastructure related companies
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities.
Fund Manager:
1) Vishal Biraia
Education: Mr. Biraia has done B.E and CFA
Experience: Prior to joining Bandhan Mutual Fund, he has worked with Max Life Insurance Company Ltd, Aviva India, Antique Stock Broking Ltd, Emkay Global Financial Services Ltd and Batlivala & Karani Securities India Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
Basic Details of Bandhan Infrastructure Fund
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 14.08% |
| Benchmark | BSE India Infrastructure TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,469 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.97% |
| (As on 31-Mar-2026) | |
| Risk Grade | High |
| Return Grade | Above Average |
| Turnover | 25.00% |
Bandhan Infrastructure Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan Infrastructure Dir | -9.69 | 1.03 | -5.44 | -10.08 | -12.34 | -2.36 | 20.97 | 19.73 | 17.57 | 17.10 |
| BSE India Infrastructure TRI | -3.71 | 1.02 | -2.35 | -5.22 | -5.44 | 2.87 | 27.07 | 22.78 | 18.16 | 16.81 |
| Equity: Thematic-Infrastructure | -6.05 | 1.00 | -4.36 | -6.97 | -6.26 | 6.16 | 21.14 | 20.87 | 18.36 | 16.94 |
| Rank within category | 20 | 10 | 21 | 19 | 21 | 21 | 10 | 13 | 11 | 10 |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 21 | 19 | 19 | 19 | 19 |
Peer Comparison of Bandhan Infrastructure Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bandhan Infrastructure Dir | 3 star | -2.36 | 20.97 | 19.73 | 0.97 | 1,469 | 14.08 | 0.50 (30) | 13Y 3M | 25.00 |
| ICICI Pru Infrastructure Dir | 5 star | 6.19 | 22.25 | 25.27 | 1.18 | 8,098 | 15.89 | 1.00 (15) | 13Y 3M | 61.00 |
| DSP India T.I.G.E.R. Dir | 4 star | 11.69 | 24.67 | 23.77 | 0.89 | 5,460 | 15.93 | 1.00 (364) | 13Y 3M | 23.00 |
| Franklin Build India Dir | 5 star | 9.60 | 25.54 | 23.79 | 0.99 | 3,174 | 20.31 | 1.00 (365) | 13Y 3M | 20.39 |
| HDFC Infrastructure Dir | 4 star | 2.39 | 23.74 | 23.48 | 1.19 | 2,417 | 11.68 | 1.00 (30) | 13Y 3M | 7.96 |
Bandhan Infrastructure Fund Portfolio
| No. of Stocks | 67 |
| Top 10 Stocks | 41.91% |
| Top 5 Stocks | 24.21% |
| Top 3 Sectors | 79.96% |
| Portfolio P/B Ratio | 3.16 |
| Portfolio P/E Ratio | 25.64 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 58,768 | 1,35,657 |
| Giant (%) | — | — |
| Large (%) | 45.86 | 56.90 |
| Mid (%) | 13.46 | 16.83 |
| Small (%) | 40.68 | 29.05 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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