Funds/Sectoral / Thematic/HDFC Infrastructure Fund

HDFC Infrastructure Fund

HDFC Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund remains heavily tilted toward infrastructure plays, with construction stocks and power utilities anchoring a concentrated portfolio where the top ten names account for over a third of assets. Recent additions of renewable energy and logistics names signal the manager is positioning for India's energy transition and supply-chain modernization, while trimming cash exposure suggests confidence in deployment. The modest churn indicates conviction in the existing thesis rather than reactive trading, though the 23% construction concentration leaves limited room for sector rotation.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹46.4590	+2.26%	-1.91%	-4.38%	+0.72%	+23.61%	+23.28%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

23.45%

Top 10 Weight

37.59%

Active Share

—

Large Cap

54.76%

Gini

0.403

What Changed2026-03-31 → 2026-04-30

Holdings: 67 → 71+7 added−3 removed33 weight shifts ≥ 0.1%

Stock	Sector	Weight
Prestige Estates Projects Ltd.	Realty	1.02%
Container Corporation of India Ltd.	Transport Services	0.76%
The Tata Power Company Ltd.	Power	0.55%
Clean Max Enviro Energy Solutions Limited	Power	0.35%
CESC Ltd.	Power	0.16%
Power Mech Projects Ltd.	Construction	0.12%
Bansal Wire Industries Limited	Industrial Products	0.09%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Larsen and Toubro Ltd. INE018A01030	Construction	EQUITY	6.99%
2	ICICI Bank Ltd. INE090A01021	Banks	EQUITY	5.39%
3	Kalpataru Projects International Ltd INE220B01022	Construction	EQUITY	4.03%
4	NTPC Limited INE733E01010	Power	EQUITY	3.88%
5	Power Grid Corporation of India Ltd. INE752E01010	Power	EQUITY	3.16%
6	Reliance Industries Ltd. INE002A01018	Petroleum Products	EQUITY	3.14%
7	J.Kumar Infraprojects Ltd. INE576I01022	Construction	EQUITY	3.01%
8	InterGlobe Aviation Ltd. INE646L01027	Transport Services	EQUITY	2.78%
9	TD Power Systems Ltd. INE419M01027	Electrical Equipment	EQUITY	2.62%
10	Coal India Ltd. INE522F01014	Consumable Fuels	EQUITY	2.59%
11	Adani Ports & Special Economic Zone INE742F01042	Transport Infrastructure	EQUITY	2.54%
12	Bharti Airtel Ltd. INE397D01024	Telecom - Services	EQUITY	2.50%
13	G R Infraprojects Limited INE201P01022	Construction	EQUITY	2.21%
14	Tata Steel Ltd. INE081A01020	Ferrous Metals	EQUITY	2.19%
15	State Bank of India INE062A01020	Banks	EQUITY	1.99%
16	HDFC Bank Ltd.£ INE040A01034	Banks	EQUITY	1.92%
17	Ambuja Cements Ltd. INE079A01024	Cement & Cement Products	EQUITY	1.75%
18	Axis Bank Ltd. INE238A01034	Banks	EQUITY	1.73%
19	Power Finance Corporation Ltd. INE134E01011	Finance	EQUITY	1.72%
20	NCC LTD. INE868B01028	Construction	EQUITY	1.59%

Sector Allocation

Construction21.2%

Banks11.0%

Power8.1%

Transport Services6.9%

Electrical Equipment4.3%

Cement & Cement Products4.1%

Finance4.1%

Transport Infrastructure4.0%

Petroleum Products3.9%

Realty3.8%

Top 10 sectors by % to NAV. Excludes derivatives.