To find the horizontal asymptote of the function
\[ f(x) = \frac{x^3 + 1}{5x^2 - 3x^3}, \]
we need to analyze the degrees of the polynomial in the numerator and the denominator.
- The degree of the numerator \(x^3 + 1\) is 3.
- The degree of the denominator \(5x^2 - 3x^3\) is also 3 (the highest degree term is \(-3x^3\)).
When the degrees of the numerator and denominator are equal, the horizontal asymptote can be found by taking the ratio of the leading coefficients.
- The leading coefficient in the numerator (from \(x^3\)) is 1.
- The leading coefficient in the denominator (from \(-3x^3\)) is -3.
Thus, the horizontal asymptote is given by
\[ y = \frac{\text{leading coefficient of numerator}}{\text{leading coefficient of denominator}} = \frac{1}{-3} = -\frac{1}{3}. \]
Therefore, the equation of the horizontal asymptote is
\[ \boxed{y = -\frac{1}{3}}. \]