Invesco India Infrastructure Fund vs Mirae Asset Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Infrastructure Fund is a Thematic fund and Mirae Asset Infrastructure Fund is a Thematic fund. Invesco India Infrastructure Fund charges 1.19% a year and Mirae Asset Infrastructure Fund 0.82% (Direct plans). Their portfolios overlap 23.0%: they hold 11 of the same securities.
Invesco India Infrastructure Fund
Thematic
- Expense ratio
- 1.19%
- NAV
- ₹74.62
Mirae Asset Infrastructure Fund
Thematic
- Expense ratio
- 0.82%
- NAV
- ₹10.79
Which is better, Invesco India Infrastructure or Mirae Asset Infrastructure? 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 Infrastructure costs less: 0.82% a year against 1.19% (Direct plans).
- Mirae Asset Infrastructure fell less in its worst fall since 08-12-2025: −12.2% against −14.1%.
- Mirae Asset Infrastructure holds more in large companies: 45.4% of the fund in large caps against 25.4%.
- Invesco India Infrastructure is the larger fund: ₹1,489 Cr against ₹484 Cr.
- Their portfolios overlap 23.0%: 11 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 | Invesco India Infrastructure Fund | Mirae Asset Infrastructure Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,489 Cr (30-09-2026) | ₹484 Cr (30-09-2026) |
| NAV | ₹74.62 (Direct) | ₹10.79 (Direct) |
| Expense ratio (Direct) | 1.19% | 0.82% |
| Expense ratio (Regular) | 2.39% | 2.64% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | BSE India Infrastructure TRI |
| Launch date | 21-11-2007 | 05-12-2025 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sagar Gandhi | Bharti Sawant |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | Exit load of 1% if redeemed within 1 Month. |
Invesco India Infrastructure vs Mirae Asset Infrastructure: 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Infrastructure Fund (Direct) | −6.90% | −9.61% | −4.75% | −3.23% | +16.55% | +16.08% | +17.84% |
| Mirae Asset Infrastructure Fund (Direct) | −3.97% | −3.58% | +0.70% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Invesco India Infrastructure vs Mirae Asset Infrastructure: Year-wise Returns
| Year | Invesco IndiaInvesco India Infrastructure | Mirae AssetMirae Asset Infrastructure | BSE India Infrastructure Index TRI |
|---|---|---|---|
| 2026to date | +2.37% | +7.12% | −7.07% |
| 2025 | −5.88% | -- | −2.32% |
| 2024 | +35.08% | -- | +30.02% |
| 2023 | +53.25% | -- | +61.08% |
| 2022 | +3.89% | -- | +15.07% |
| 2021 | +57.25% | -- | +51.72% |
Invesco India Infrastructure vs Mirae Asset Infrastructure: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of both
Invesco India Infrastructure vs Mirae Asset Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Infrastructure Fund (Direct) | Mirae Asset Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.81% | +10.67% |
| Standard deviation | 16.89% | 18.39% |
| Sharpe ratio | 0.70 | 0.30 |
| Sortino ratio | 0.94 | 0.40 |
| Maximum drawdown | −36.2% (24-03-2020) | −12.2% (30-03-2026) |
| Beta | 0.69 | 0.95 |
| Alpha | +6.71% | +14.32% |
From daily NAVs, 02-01-2013 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.
Invesco India Infrastructure Fund (Direct)
Mirae Asset Infrastructure Fund (Direct)
BSE India Infrastructure Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Infrastructure Fund (Direct) | −14.1% | 22-06-2026 | 23-10-2026 | Not yet | -- | −13.1% |
| Mirae Asset Infrastructure Fund (Direct) | −12.2% | 18-02-2026 | 30-03-2026 | 17-04-2026 | 18 days | −7.3% |
| BSE India Infrastructure Index TRI | −17.9% | 07-05-2026 | 23-10-2026 | Not yet | -- | −14.7% |
From daily values since 08-12-2025, the first day every fund has.
Invesco India Infrastructure vs Mirae Asset Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Infrastructure Fund, September 2026; Mirae Asset Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 23.0%
- Held by both
- 11
- Only in Invesco India Infrastructure
- 26
- Only in Mirae Asset Infrastructure
- 36
| Security | % of Invesco India Infrastructure | % of Mirae Asset Infrastructure |
|---|---|---|
| Larsen & Toubro Limited | 8.08% | 5.60% |
| InterGlobe Aviation Limited | 3.94% | 3.31% |
| Bharti Airtel Limited | 1.93% | 2.81% |
| ABB India Limited | 3.72% | 1.88% |
| Foseco India Limited | 2.52% | 1.81% |
| CG Power and Industrial Solutions Limited | 2.36% | 1.80% |
| Hindustan Aeronautics Limited | 1.65% | 1.82% |
| Triveni Turbine Limited | 2.85% | 1.43% |
| Indo-MIM Limited | 3.16% | 1.41% |
| Cummins India Limited | 1.68% | 1.13% |
| Prestige Estates Projects Limited | 1.03% | 1.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.0% means 23.0% 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 Invesco India Infrastructure Fund
| Security | % of fund |
|---|---|
| Honeywell Automation India Limited | 8.85% |
| Schneider Electric Infrastructure Limited | 5.33% |
| Grindwell Norton Limited | 3.90% |
| Linde India Limited | 3.54% |
| Bharat Dynamics Limited | 3.03% |
Largest holdings only in Mirae Asset Infrastructure Fund
| Security | % of fund |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 5.64% |
| NTPC Ltd. | 3.76% |
| Welspun Corp Ltd. | 3.29% |
| Kusumgar Ltd. | 3.25% |
| Bharat Heavy Electricals Ltd. | 3.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Infrastructure | Mirae Asset Infrastructure |
|---|---|---|
| Equity | 94.3% | 99.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.7% | 0.9% |
Market cap of stocks
| Market cap | Invesco India Infrastructure | Mirae Asset Infrastructure |
|---|---|---|
| Large Cap | 25.4% | 45.4% |
| Mid Cap | 11.6% | 12.8% |
| Small Cap | 54.1% | 23.8% |
| Not on AMFI's list | 3.2% | 17.1% |
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 | Invesco India Infrastructure | Mirae Asset Infrastructure |
|---|---|---|
| Electrical Equipment | 16.4% | 17.3% |
| Industrial Manufacturing | 16.1% | 3.0% |
| Industrial Products | 15.6% | 9.4% |
| Construction | 13.1% | 7.8% |
| Transport Services | 3.9% | 11.8% |
| Power | 0.0% | 8.9% |
| Transport Infrastructure | 0.0% | 7.3% |
| Chemicals & Petrochemicals | 6.1% | 4.1% |
| Aerospace & Defense | 4.7% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Infrastructure vs Mirae Asset Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Infrastructure Fund | Mirae Asset Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.19% | 0.82% |
| Base expense ratio (Direct) | 0.79% | 0.56% |
| Total expense ratio (Regular) | 2.39% | 2.64% |
| Base expense ratio (Regular) | 1.83% | 2.10% |
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
Compare Invesco India Infrastructure with
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Invesco India Infrastructure Fund vs Mirae Asset Infrastructure Fund: Frequently Asked Questions
What is the difference between Invesco India Infrastructure Fund and Mirae Asset Infrastructure Fund?
Invesco India Infrastructure Fund is a Thematic fund, Mirae Asset Infrastructure Fund is a Thematic fund, run by Invesco Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 23.0%. Invesco India Infrastructure Fund charges 1.19% a year and Mirae Asset Infrastructure Fund 0.82%.
Which has the lower expense ratio, Invesco India Infrastructure Fund or Mirae Asset Infrastructure Fund?
Mirae Asset Infrastructure Fund charges less: 0.82% a year against 1.19%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Infrastructure Fund and Mirae Asset Infrastructure Fund overlap?
23.0%. They hold 11 of the same securities, the largest shared ones being LT, INDIGO, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Infrastructure Fund or Mirae Asset Infrastructure Fund?
On SEBI's riskometer, Invesco India Infrastructure Fund is rated Very High and Mirae Asset Infrastructure Fund Very High. Over their common history, the standard deviation of daily returns was 16.89% and 18.39% a year.
Can I invest in both Invesco India Infrastructure Fund and Mirae Asset Infrastructure Fund?
Yes. 23.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Infrastructure Fund and Mirae Asset Infrastructure Fund?
Invesco India Infrastructure Fund: Sagar Gandhi. Mirae Asset Infrastructure Fund: Bharti Sawant.
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.