HSBC 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
HSBC Infrastructure Fund is a Sectoral fund and Mirae Asset Nifty India Infrastructure & Logistics ETF is an ETF fund. HSBC Infrastructure Fund charges 1.13% a year and Mirae Asset Nifty India Infrastructure & Logistics ETF 0.37%. Their portfolios overlap 41.9%: they hold 23 of the same securities.
Mirae Asset Nifty India Infrastructure & Logistics ETF
ETF
- Expense ratio
- 0.37%
- NAV
- ₹11.15
Which is better, HSBC 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 1.13%.
- HSBC Infrastructure fell less in its worst fall since 13-02-2026: −11.9% against −13.6%.
- Mirae Asset Nifty India Infrastructure & Logistics ETF holds more in large companies: 66.0% of the fund in large caps against 53.0%.
- HSBC Infrastructure is the larger fund: ₹2,379 Cr against ₹11 Cr.
- Their portfolios overlap 41.9%: 23 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 | HSBC Infrastructure Fund | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Fund house | HSBC Mutual Fund | Mirae Asset Mutual Fund |
| Category | Sectoral | ETF |
| AUM | ₹2,379 Cr (30-09-2026) | ₹11 Cr (30-09-2026) |
| NAV | ₹53.76 (Direct) | ₹11.15 |
| Expense ratio (Direct) | 1.13% | Not available |
| Expense ratio (Regular) | 2.15% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Infrastructure TRI | Nifty India Infrastructure & Logistics TRI |
| Launch date | 27-09-2007 | 12-02-2026 |
| Minimum investment | ₹5,000 | On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units |
| Lock in | None | None |
| Fund managers | Venugopal Manghat, Gautam Bhupal, Mayank Chaturvedi, Dipan S. Parikh | Ekta Gala, amp, Vishal Singh |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 90 days. | NIL |
HSBC 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 |
|---|---|---|---|---|---|---|---|
| HSBC Infrastructure Fund (Direct) | −4.83% | −2.12% | −4.42% | +0.36% | +14.81% | -- | -- |
| Mirae Asset Nifty India Infrastructure & Logistics ETF | −3.12% | −7.16% | −6.63% | -- | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | -- | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
HSBC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Year-wise Returns
| Year | HSBC InfrastructureHSBC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETFMirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| 2026to date | +3.25% | -- |
| 2025 | −3.38% | -- |
| 2024 | +29.43% | -- |
| 2023 | +52.22% | -- |
HSBC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Rolling Returns
Every holding period of both funds, against Nifty Infrastructure TRI, the benchmark of HSBC Infrastructure Fund
HSBC 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 | HSBC Infrastructure Fund (Direct) | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Return (CAGR) | +18.31% | −2.64% |
| Standard deviation | 17.64% | 18.87% |
| Sharpe ratio | 0.69 | -0.42 |
| Sortino ratio | 0.92 | -0.56 |
| Maximum drawdown | −25.4% (28-02-2025) | −13.6% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | +4.15% | −0.26% |
From daily NAVs, 28-11-2022 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.
HSBC Infrastructure Fund (Direct)
Mirae Asset Nifty India Infrastructure & Logistics ETF
Nifty Infrastructure TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Infrastructure Fund (Direct) | −11.9% | 22-06-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| Mirae Asset Nifty India Infrastructure & Logistics ETF | −13.6% | 22-06-2026 | 23-10-2026 | Not yet | -- | −11.0% |
| Nifty Infrastructure TRI | −12.1% | 18-02-2026 | 12-10-2026 | Not yet | -- | −9.0% |
From daily values since 13-02-2026, the first day every fund has.
HSBC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Infrastructure Fund, September 2026; Mirae Asset Nifty India Infrastructure & Logistics ETF, September 2026
Holdings in common
- Overlap
- 41.9%
- Held by both
- 23
- Only in HSBC Infrastructure
- 26
- Only in Mirae Asset Nifty India Infrastructure & Logistics ETF
- 77
| Security | % of HSBC Infrastructure | % of Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Bharti Airtel Limited | 6.46% | 5.01% |
| Larsen & Toubro Limited | 6.99% | 4.93% |
| NTPC Limited | 7.68% | 4.77% |
| Bharat Electronics Limited | 5.79% | 4.33% |
| UltraTech Cement Limited | 3.64% | 4.03% |
| InterGlobe Aviation Limited | 4.09% | 3.51% |
| Hindustan Aeronautics Limited | 3.52% | 2.75% |
| GE Vernova T&D India Limited | 2.90% | 1.62% |
| Bharat Heavy Electricals Limited | 1.46% | 1.88% |
| ABB India Limited | 1.94% | 1.10% |
| Siemens Limited | 1.53% | 1.02% |
| CG Power And Industrial Solutions Ltd | 0.99% | 1.82% |
| Tata Motors Limited | 0.97% | 2.74% |
| The Phoenix Mills Limited | 0.93% | 1.12% |
| Siemens Energy India Limited | 0.84% | 0.88% |
| Sterlite Technologies Limited | 2.10% | 0.78% |
| Delhivery Limited | 0.72% | 0.77% |
| Kirloskar Oil Engines Ltd | 3.60% | 0.60% |
| TD Power Systems Limited | 3.02% | 0.56% |
| Cummins India Limited | 0.55% | 2.00% |
| Ashok Leyland Limited | 0.36% | 1.37% |
| Engineers India Limited | 2.19% | 0.26% |
| TITAGARH RAIL SYSTEMS LIMITED | 1.58% | 0.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.9% means 41.9% 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 HSBC Infrastructure Fund
| Security | % of fund |
|---|---|
| Mtar Technologies Limited | 4.67% |
| Reliance Industries Limited | 4.43% |
| APL Apollo Tubes Limited | 2.12% |
| Juniper Green Energy Limited | 2.05% |
| KEI Industries Limited | 1.87% |
Largest holdings only in Mirae Asset Nifty India Infrastructure & Logistics ETF
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 4.38% |
| Power Grid Corporation of India Ltd. | 3.67% |
| Grasim Industries Ltd. | 3.59% |
| Adani Power Ltd. | 2.64% |
| Tata Power Company Ltd. | 1.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Equity | 95.8% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.2% | 0.2% |
Market cap of stocks
| Market cap | HSBC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Large Cap | 53.0% | 66.0% |
| Mid Cap | 9.6% | 21.0% |
| Small Cap | 27.1% | 12.2% |
| Not on AMFI's list | 6.1% | 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 | HSBC Infrastructure | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Electrical Equipment | 20.3% | 13.0% |
| Power | 9.7% | 19.9% |
| Industrial Products | 14.5% | 3.0% |
| Cement & Cement Products | 3.6% | 10.9% |
| Construction | 10.2% | 7.2% |
| Aerospace & Defense | 9.3% | 8.2% |
| Telecom - Services | 6.5% | 9.2% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Infrastructure vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Infrastructure Fund | Mirae Asset Nifty India Infrastructure & Logistics ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.13% | Not available |
| Base expense ratio (Direct) | 0.88% | 0.00% |
| Total expense ratio (Regular) | 2.15% | 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
HSBC Infrastructure Fund vs Mirae Asset Nifty India Infrastructure & Logistics ETF: Frequently Asked Questions
What is the difference between HSBC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF?
HSBC Infrastructure Fund is a Sectoral fund, Mirae Asset Nifty India Infrastructure & Logistics ETF is an ETF fund, run by HSBC Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 41.9%. HSBC Infrastructure Fund charges 1.13% a year and Mirae Asset Nifty India Infrastructure & Logistics ETF 0.37%.
Which has the lower expense ratio, HSBC Infrastructure Fund or Mirae Asset Nifty India Infrastructure & Logistics ETF?
Mirae Asset Nifty India Infrastructure & Logistics ETF charges less: 0.37% a year against 1.13%. These are the total expense ratios reported to AMFI.
How much do HSBC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF overlap?
41.9%. They hold 23 of the same securities, the largest shared ones being BHARTIARTL, LT, NTPC. From each fund's latest monthly portfolio.
Which is riskier, HSBC Infrastructure Fund or Mirae Asset Nifty India Infrastructure & Logistics ETF?
On SEBI's riskometer, HSBC 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 17.64% and 18.87% a year.
Can I invest in both HSBC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF?
Yes. 41.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages HSBC Infrastructure Fund and Mirae Asset Nifty India Infrastructure & Logistics ETF?
HSBC Infrastructure Fund: Venugopal Manghat, Gautam Bhupal, Mayank Chaturvedi, Dipan S. Parikh. 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.