Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Infrastructure Fund

Holds 49 companies worth ₹2,280 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹2,379 CrHSBC Infrastructure Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.5% on Aug 2026, ₹2,466 Cr.

  • Largest holding

    NTPCNTPC is 7.7% of this scheme's NAV.

  • Fund manager

    Venugopal ManghatRuns it since 17 Dec 2019, as the fund house dates it. With Gautam Bhupal (fund manager), Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers4

  1. Venugopal ManghatFund manager · Dec 2019 · 33y · MBA
  2. Gautam BhupalFund manager · Nov 2022 · 22y · CA PGDM B.Com
  3. Mayank ChaturvediOverseas · Oct 2025
  4. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaNov 2022 – Sept 2026

Key facts

Benchmark
NIFTY Infrastructure TRI
Risk
Very High
Expense
Regular 2.09% · Direct 1.06%
Exit load
10% within 90 days
Started
27 Sept 2007
Minimum
₹5,000

Source.Its Scheme Summary Document as of 16 Sept 2026 at AMFI.

What changed(16 changes)

Sept 2026

3 changes
  1. Mayank Chaturvedi joined
    16 Septfor overseas investments
  2. Dipan Parikh joined
    16 Septfor gold and silver
  3. Sonal Gupta left
    16 Septran it for overseas investments from Nov 2022

Apr 2026

1 change
  1. Expense ratio
    9 AprRegular 2.06% → 2.09%Direct 0.99% → 1.02%

Mar 2026

1 change
  1. Expense ratio
    11 MarRegular 2.08% → 2.06%Direct 1.01% → 0.99%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Dec 2019 – now)

  1. Venugopal Manghat
  2. Gautam Bhupal
  3. Mayank Chaturvedi
  4. Dipan Parikh
  5. Sonal Gupta
MainCoSlice2020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Sept 2026)

Every change to the expense ratio, newest first.
13 changesRegularDirectΔ pt
9 Apr 20262.09%1.02%0.03
11 Mar 20262.06%0.99%0.02
11 Feb 20262.08%1.01%0.01
13 Jan 20262.07%1.00%0.05
13 Oct 20252.05%1.05%0.01
10 Sept 20252.06%1.06%0.01
9 Aug 20252.05%1.05%0.06
7 Jul 20252.03%0.99%0.01
6 Jun 20252.04%1.00%0.03
1 Apr 20252.07%1.03%0.01
10 Feb 20252.06%1.02%0.05
12 Nov 20242.01%0.97%0.01
16 Sept 20242.00%0.96%–
Direct plan, 9 Apr 2026
1.02%
Regular plan 2.09% · Exit load 10% within 90 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(16 Sept 2026)

Objective

To generate long term capital appreciation from an actively managed portfolio of equity and equity related securities by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of Infrastructure in India. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme following infrastructure theme
Benchmark
NIFTY Infrastructure TRI

Asset allocation it may hold% of NAV

  1. Equities & Equity related securities of companies operating in Infrastructure Sector
    Allowed80–100%
  2. Equity and equity related instruments of companies operating in other than Infrastructure Sector
    Allowed0–20%
  3. Money market instruments and other liquid instruments
    Allowed0–20%Holds4.2%
  4. Units of InvITs
    Allowed0–10%Holds0.0%
  5. Units of Gold and Silver ETFs
    Allowed0–20%

Holds in Sept 2026.95.8% equity · 4.2% debt and cash

How to invest(16 Sept 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Systematic
SIP - Daily (All Business Days from Monday to Friday), Weekly (Any Day from Monday to Friday), Monthly, Quarterly SWP - Monthly, Quarterly, Half Year, Annual STP - Weekly, Monthly, Quarterly, Fortnightly, Daily (Business Days)
Dates
SIP - Daily (Daily SIP will be processed from Monday to Friday. In case of a non-business day falling between Monday to Friday (both days inclusive) then the daily SIP installment for that day will not be processed on the next business day.); Weekly - Any day from Monday to Friday; Other than daily and weekly - Any Date, SWP and STP - Any Dates
Minimum
SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000., then in multiples of ₹1
Instalments
SIP - Daily 6; Weekly 6; Monthly 6; Quarterly 4 SWP - 12 STP - 6

Selling and switching

To redeem
₹500 or 50 units
Switch minimum
₹5,000

Scheme details(16 Sept 2026)

What it is

Category
Open Ended-Equity - Thematic
Offer
7 Aug 2007 to 11 Sept 2007
Started
27 Sept 2007
Reopened
10 Oct 2007
Plans
HSBC Infrastructure Fund - Direct Plan - Growth · HSBC Infrastructure Fund - Direct Plan - IDCW · HSBC Infrastructure Fund - Regular Plan - Growth · HSBC Infrastructure Fund - Regular Plan - IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank Limited
Auditor
M/s. Price Waterhouse, Chartered Accountants LLP
Registrar
Computer Age Management Services Limited
SEBI code
LTMF/O/E/SEC/07/05/0013