Tata Infrastructure Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Tata Infrastructure Fund Direct Growth Plan currently has a NAV of ₹197.1599 as of 09 Sep 2026 and an AUM of ₹2,021 Cr. Its 1-year, 3-year and 5-year returns are 6.72%, 12.07% and 16.62% respectively, and the scheme sits in the High Risk bucket.

Our view is that this is a differentiated infrastructure-focused equity fund that has rewarded longer holding periods far better than the recent one-year stretch. It may suit investors who can accept meaningful price swings and want exposure to a portfolio tilted toward infrastructure, power and related capital-intensive businesses.

Quick facts

Particular	Details
NAV	₹197.1599 as of 09 Sep 2026
AUM	₹2,021 Cr
Expense Ratio	1.11%
Launch Date	01 Jan 2013
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.25% on or before 30D
Fund Managers	Abhinav Sharma

The fund is managed by Abhinav Sharma.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.89%	-4.69%
3M	2.17%	0.93%
1Y	6.72%	-7.16%
3Y	12.07%	6%
5Y	16.62%	5.87%

The fund has had a choppy recent pattern, but the one-month decline was smaller than the benchmark’s fall, which suggests it held up better in the latest setback. Over three months, it moved ahead of the benchmark, and the one-year figure is materially better than the index, helped by a recovery after periods of softness.

The longer view is stronger. The 3-year and 5-year returns are well above the benchmark, which tells us the strategy has compounded more effectively over fuller cycles than the broad market barometer used here.

At the same time, the path has not been smooth. The return pattern shows swings rather than a steady upward climb, which fits a high-risk, infrastructure-heavy portfolio. That matters for investors because the fund’s edge has come through over longer windows, not through consistency in every short interval.

For investors comparing the fund with a broad equity reference point, the key point is that the fund has outperformed over 1 year, 3 years and 5 years, while also showing resilience in the most recent month relative to the benchmark. That combination supports a long-horizon lens rather than a short-term performance chase.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Tata Infrastructure?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Tata Infrastructure Fund Direct Growth Plan	6.72%	12.07%	16.62%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	71.49%	36.55%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.08%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.85%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.6%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the latest one-year comparison, this fund trails the stronger recent numbers shown by the peer set, even though it has still stayed ahead of the benchmark over the same period. The three-year and five-year figures are more useful for judging this strategy because they show steady compounding over longer windows, while many peer rows do not have comparable longer-horizon figures available.

That makes the comparison a mixed picture: the fund does not match the very strong one-year figures in several peers, but its longer-term return profile is still solid and better aligned with a patient infrastructure allocation. The short-term and long-term stories are therefore different, and the longer-term record remains more relevant for a fund built around a cyclical theme.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Larsen & Toubro Ltd	Infrastructure	7%
NTPC Ltd	Power	3.76%
Adani Energy Solutions Ltd	Power	3.66%
Adani Ports and Special Economic Zone Ltd	Logistics	3.62%
Interglobe Aviation Ltd	Aviation	3.62%
The Ramco Cements Ltd	Construction Materials	3.03%
Bharat Heavy Electricals Ltd	Capital Goods	2.79%
Ultratech Cement Ltd	Construction Materials	2.68%
Adani Enterprises Ltd	Trading	2.45%
Adani Power Ltd	Power	2.45%

The top 10 holdings account for approximately 35.06% of the portfolio.

To see all holdings, visit the Tata Infrastructure Fund Direct Growth Plan page

The largest holding, Larsen & Toubro Ltd, is 7% of the portfolio, so it may have the most noticeable influence on near-term movement among the disclosed positions. After that, the weights step down fairly quickly into the 3% range, which suggests the fund is not relying on a single dominant stock beyond the top position.

The gap from the first holding to the tenth is modest rather than extreme, but the portfolio still shows a clear tilt toward a handful of larger positions. With the top 10 holdings representing about 35.06% of the portfolio and 56 holdings in total, the rest of the fund appears to be spread across a wider tail, which could soften stock-specific dependence but also makes the portfolio less concentrated than the top slice alone might suggest.

That mix matters for an infrastructure fund because individual names can move differently with project wins, execution, rate sensitivity and sector sentiment. A diversified tail may help balance that, while the larger positions are likely to keep the fund meaningfully linked to its core infrastructure and power themes.

Source data date: as of 09 Sep 2026

Who should invest

This fund is more suitable for investors who can tolerate high volatility and who have a long enough horizon to let the theme play out. The 1-year return has been positive but uneven, while the 3-year and 5-year numbers are stronger, so the holding period clearly matters.

The main trade-off is that you are taking concentrated exposure to infrastructure-led sectors in exchange for the chance of stronger long-term compounding. The benchmark comparison is supportive, but recent swings show that the path may be bumpy. It fits better as a long-duration equity allocation than as a short-term parking option.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

The exit load is 0.25% if units are sold on or before 30 days, and there is no exit load after that holding period.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Tata Infrastructure Fund Direct Growth Plan?

The current NAV is ₹197.1599 as of 09 Sep 2026.

How has Tata Infrastructure Fund Direct Growth Plan performed over 1, 3 and 5 years?

Its 1-year return is 6.72%, its 3-year return is 12.07%, and its 5-year return is 16.62%.

How does the fund compare with its benchmark?

It has outperformed the benchmark over 1 year, 3 years and 5 years. The one-month figure is also less weak than the benchmark’s recent decline.

Is the fund suitable for short-term investors?

It is better suited to longer horizons. The return pattern is uneven in the short run, while the 3-year and 5-year figures are stronger.

Who manages the fund?

Abhinav Sharma manages the fund.

What are the exit load and tax rules?

The exit load is 0.25% if units are sold on or before 30 days, and there is no exit load after that period. Short-term capital gains tax is 20% for units held less than 1 year, and long-term capital gains tax is 12.5% for units held more than 1 year.

Bottom line

Tata Infrastructure Fund Direct Growth Plan has a stronger longer-term record than its more recent one-year stretch, and that makes the 3-year and 5-year figures more important than the latest short-term move. It compares well with the benchmark across the available horizons, while several peers show stronger recent one-year numbers but often lack longer-horizon figures for direct comparison. The fund carries High Risk, and its portfolio is led by infrastructure, power and related cyclical names, so it is best viewed as a patient, theme-led equity exposure.

Published on 10 September 2026 at 1:19 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.