HDFC Infrastructure Fund vs Mirae Asset Nifty India Infrastructure & Logistics ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HDFC Infrastructure Fund is a Thematic fund and Mirae Asset Nifty India Infrastructure & Logistics ETF is an ETF fund. HDFC Infrastructure Fund charges 1.34% a year and Mirae Asset Nifty India Infrastructure & Logistics ETF 0.37%. Their portfolios overlap 36.8%: they hold 31 of the same securities.
Mirae Asset Nifty India Infrastructure & Logistics ETF
ETF
- Expense ratio
- 0.37%
- NAV
- ₹11.15
Which is better, HDFC Infrastructure or Mirae Asset Nifty India Infrastructure & Logistics ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty India Infrastructure & Logistics ETF costs less: 0.37% a year against 1.34%.
- HDFC Infrastructure fell less in its worst fall since 13-02-2026: −12.7% against −13.6%.
- Mirae Asset Nifty India Infrastructure & Logistics ETF holds more in large companies: 66.0% of the fund in large caps against 49.3%.
- HDFC Infrastructure is the larger fund: ₹2,251 Cr against ₹11 Cr.
- Their portfolios overlap 36.8%: 31 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Infrastructure Fund | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Fund house | HDFC Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹2,251 Cr (30-09-2026) | ₹11 Cr (30-09-2026) |
| NAV | ₹48.58 (Direct) | ₹11.15 |
| Expense ratio (Direct) | 1.34% | Not available |
| Expense ratio (Regular) | 2.21% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | Nifty India Infrastructure & Logistics TRI |
| Launch date | 10-03-2008 | 12-02-2026 |
| Minimum investment | ₹100 | On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units |
| Lock in | None | None |
| Fund managers | Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar | Ekta Gala, amp, Vishal Singh |
| Exit load | In respect of each purchase/switch in of units- an Exit load of 1% is payable if units are redeemed/switched out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed/switched-out after 30 days from the date of allotment. | NIL |
HDFC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Infrastructure Fund (Direct) | −4.33% | −6.58% | −7.77% | −10.41% | +12.12% | +17.28% | +10.72% |
| Mirae Asset Nifty India Infrastructure & Logistics ETF | −3.12% | −7.16% | −6.63% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
HDFC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Year-wise Returns
| Year | HDFC InfrastructureHDFC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETFMirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| 2026to date | −7.85% | -- |
| 2025 | +3.18% | -- |
| 2024 | +24.21% | -- |
| 2023 | +56.54% | -- |
| 2022 | +20.17% | -- |
| 2021 | +44.15% | -- |
HDFC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of HDFC Infrastructure Fund
HDFC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Infrastructure Fund (Direct) | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Return (CAGR) | +11.23% | −2.64% |
| Standard deviation | 20.38% | 18.87% |
| Sharpe ratio | 0.25 | -0.42 |
| Sortino ratio | 0.34 | -0.56 |
| Maximum drawdown | −63.1% (23-03-2020) | −13.6% (23-10-2026) |
| Beta | 0.83 | 1.00 |
| Alpha | −0.98% | −0.26% |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Infrastructure Fund (Direct)
Mirae Asset Nifty India Infrastructure & Logistics ETF
BSE India Infrastructure Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Infrastructure Fund (Direct) | −12.7% | 22-06-2026 | 23-10-2026 | Not yet | -- | −10.5% |
| Mirae Asset Nifty India Infrastructure & Logistics ETF | −13.6% | 22-06-2026 | 23-10-2026 | Not yet | -- | −11.0% |
| BSE India Infrastructure Index TRI | −17.9% | 07-05-2026 | 23-10-2026 | Not yet | -- | −14.7% |
From daily values since 13-02-2026, the first day every fund has.
HDFC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Infrastructure Fund, September 2026; Mirae Asset Nifty India Infrastructure & Logistics ETF, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 31
- Only in HDFC Infrastructure
- 41
- Only in Mirae Asset Nifty India Infrastructure & Logistics ETF
- 69
| Security | % of HDFC Infrastructure | % of Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Larsen and Toubro Ltd. | 7.03% | 4.93% |
| InterGlobe Aviation Ltd. | 4.35% | 3.51% |
| Adani Ports & Special Economic Zone | 3.44% | 4.38% |
| NTPC Limited | 3.23% | 4.77% |
| Power Grid Corporation of India Ltd. | 2.12% | 3.67% |
| Adani Power (Mundra) Limited | 1.88% | 2.64% |
| Bharat Electronics Ltd. | 1.62% | 4.33% |
| Hindustan Aeronautics Limited | 1.56% | 2.75% |
| Bharti Airtel Ltd. | 1.20% | 5.01% |
| The Tata Power Company Ltd. | 1.16% | 1.88% |
| GAIL (India) Ltd. | 1.10% | 1.43% |
| ABB India Ltd. | 0.96% | 1.10% |
| Adani Green Energy Limited | 0.96% | 1.33% |
| GE Vernova T&D India Limited | 0.84% | 1.62% |
| UltraTech Cement Limited | 0.83% | 4.03% |
| Prestige Estates Projects Ltd. | 1.48% | 0.78% |
| Delhivery Limited | 1.37% | 0.77% |
| Ambuja Cements Ltd. | 1.41% | 0.73% |
| JSW Infrastructure Limited | 1.82% | 0.66% |
| TD Power Systems Ltd. | 2.51% | 0.56% |
| JSW Energy Ltd. | 0.53% | 0.94% |
| GMR Airports Limited | 0.51% | 1.03% |
| Kalpataru Projects International Ltd | 4.40% | 0.49% |
| Container Corporation of India Ltd. | 1.30% | 0.48% |
| Cummins India Ltd. | 0.47% | 2.00% |
| Oberoi Realty Ltd. | 0.39% | 0.65% |
| Brigade Enterprises Limited. | 0.95% | 0.33% |
| Indraprastha Gas Ltd. | 0.48% | 0.32% |
| Titagarh Wagons Limited | 1.00% | 0.20% |
| NCC LTD. | 1.35% | 0.16% |
| Elecon Engineering Comapny Ltd. | 0.71% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.8% means 36.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Infrastructure Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 3.49% |
| J.Kumar Infraprojects Ltd. | 2.88% |
| G R Infraprojects Limited | 1.99% |
| Power Finance Corporation Ltd. | 1.87% |
| HDFC Bank Ltd. | 1.73% |
Largest holdings only in Mirae Asset Nifty India Infrastructure & Logistics ETF
| Security | % of fund |
|---|---|
| Grasim Industries Ltd. | 3.59% |
| Tata Motors Ltd. | 2.74% |
| Bharat Heavy Electricals Ltd. | 1.88% |
| CG Power and Industrial Solutions Ltd. | 1.82% |
| Suzlon Energy Ltd. | 1.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Equity | 97.3% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.7% | 0.2% |
Market cap of stocks
| Market cap | HDFC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Large Cap | 49.3% | 66.0% |
| Mid Cap | 9.0% | 21.0% |
| Small Cap | 34.8% | 12.2% |
| Not on AMFI's list | 4.2% | 0.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | HDFC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Construction | 21.2% | 7.2% |
| Power | 11.6% | 19.9% |
| Electrical Equipment | 8.3% | 13.0% |
| Cement & Cement Products | 4.4% | 10.9% |
| Telecom - Services | 1.2% | 9.2% |
| Transport Services | 8.7% | 5.4% |
| Aerospace & Defense | 4.8% | 8.2% |
| Transport Infrastructure | 7.0% | 6.1% |
| Banks | 6.7% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Infrastructure Fund | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | Not available |
| Base expense ratio (Direct) | 0.99% | 0.00% |
| Total expense ratio (Regular) | 2.21% | Not available |
| Base expense ratio (Regular) | 1.74% | 0.22% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
HDFC Infrastructure Fund vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Frequently Asked Questions
What is the difference between HDFC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF?
HDFC Infrastructure Fund is a Thematic fund, Mirae Asset Nifty India Infrastructure & Logistics ETF is an ETF fund, run by HDFC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 36.8%. HDFC Infrastructure Fund charges 1.34% a year and Mirae Asset Nifty India Infrastructure & Logistics ETF 0.37%.
Which has the lower expense ratio, HDFC Infrastructure Fund or Mirae Asset Nifty India Infrastructure & Logistics ETF?
Mirae Asset Nifty India Infrastructure & Logistics ETF charges less: 0.37% a year against 1.34%. These are the total expense ratios reported to AMFI.
How much do HDFC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF overlap?
36.8%. They hold 31 of the same securities, the largest shared ones being LT, INDIGO, ADANIPORTS. From each fund's latest monthly portfolio.
Which is riskier, HDFC Infrastructure Fund or Mirae Asset Nifty India Infrastructure & Logistics ETF?
On SEBI's riskometer, HDFC Infrastructure Fund is rated Very High and Mirae Asset Nifty India Infrastructure & Logistics ETF Very High. Over their common history, the standard deviation of daily returns was 20.38% and 18.87% a year.
Can I invest in both HDFC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF?
Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF?
HDFC Infrastructure Fund: Ashish Shah, Gopal Agrawal, Bhagyesh Kagalkar. Mirae Asset Nifty India Infrastructure & Logistics ETF: Ekta Gala, amp, Vishal Singh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.