Bandhan Infrastructure Fund
The fund remains heavily positioned for infrastructure capex recovery with a dominant 20% construction tilt anchored by L&T and quality players like Kirloskar Brothers. The manager signaled renewed conviction in commodity-linked infrastructure plays, swapping out renewable energy and electrical equipment names for aluminum, steel, and power generation—suggesting a pivot toward capex-heavy, cyclical beneficiaries rather than niche green energy plays. This tactical reshuffling, combined with strong April momentum, reflects confidence in sustained government spending on core infrastructure.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹56.3790 | +3.80% | — | — | — | — | — |
| Regular Growth | ₹47.7600 | +3.69% | +0.96% | -3.77% | -2.57% | +20.97% | +20.50% |
| Direct IDCW | ₹43.8550 | +3.80% | — | — | — | — | — |
| Regular IDCW | ₹35.5950 | +3.69% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| ^^Talwandi Sabo Power Limited | 0.19% |
| ^^Vedanta Aluminium Metal Limited | 0.19% |
| ^^Malco Energy Limited | 0.19% |
| ^^Vedanta Iron And Steel Limited | 0.19% |
| Triparty Repo TRP_040526 | 4.82% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Larsen & Toubro Limited INE018A01030 | 5.87% |
| 2 | Reliance Industries Limited INE002A01018 | 5.11% |
| 3 | Triparty Repo TRP_040526 | 4.82% |
| 4 | Kirloskar Brothers Limited INE732A01036 | 4.73% |
| 5 | Bharti Airtel Limited INE397D01024 | 4.30% |
| 6 | Bharat Electronics Limited INE263A01024 | 3.89% |
| 7 | GPT Infraprojects Limited INE390G01014 | 3.58% |
| 8 | Adani Ports and Special Economic Zone Limited INE742F01042 | 3.52% |
| 9 | UltraTech Cement Limited INE481G01011 | 3.40% |
| 10 | InterGlobe Aviation Limited INE646L01027 | 3.27% |
| 11 | Adani Energy Solutions Limited INE931S01010 | 2.81% |
| 12 | NTPC Limited INE733E01010 | 2.64% |
| 13 | Ahluwalia Contracts (India) Limited INE758C01029 | 2.60% |
| 14 | PTC India Financial Services Limited INE560K01014 | 2.57% |
| 15 | Azad Engineering Ltd INE02IJ01035 | 2.45% |
| 16 | Fortis Healthcare Limited INE061F01013 | 2.06% |
| 17 | KEC International Limited INE389H01022 | 1.78% |
| 18 | Centum Electronics Limited INE320B01020 | 1.69% |
| 19 | NHPC Limited INE848E01016 | 1.68% |
| 20 | Hitachi Energy India Limited INE07Y701011 | 1.67% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.