Kotak Infrastructure And Economic Reform Fund vs UTI - Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Infrastructure And Economic Reform Fund is a Thematic fund and UTI - Infrastructure Fund is a Thematic fund. In the 3 years to 30-10-2026, Kotak Infrastructure And Economic Reform Fund (Direct) returned 15.1% a year and UTI - Infrastructure Fund (Direct) returned 11.9% a year. Kotak Infrastructure And Economic Reform Fund charges 0.85% a year and UTI - Infrastructure Fund 2.00% (Direct plans). Their portfolios overlap 36.5%: they hold 16 of the same securities.
Kotak Infrastructure And Economic Reform Fund
Thematic
- 3 year return
- 15.1%
- Expense ratio
- 0.85%
- NAV
- ₹79.11
UTI - Infrastructure Fund
Thematic
- 3 year return
- 11.9%
- Expense ratio
- 2.00%
- NAV
- ₹143.59
Which is better, Kotak Infrastructure And Economic Reform or UTI - Infrastructure? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Infrastructure And Economic Reform returned more over 5 years: 16.8% a year against 12.2%.
- Kotak Infrastructure And Economic Reform returned more over 3 years: 15.1% a year against 11.9%.
- Kotak Infrastructure And Economic Reform costs less: 0.85% a year against 2.00% (Direct plans).
- UTI - Infrastructure swung less over 3 years: a standard deviation of 15.8% a year against 17.5%.
- UTI - Infrastructure fell less in its worst fall since 02-02-2015: −42.8% against −46.0%.
- UTI - Infrastructure holds more in large companies: 67.0% of the fund in large caps against 45.3%.
- Kotak Infrastructure And Economic Reform is the larger fund: ₹2,334 Cr against ₹2,033 Cr.
- Their portfolios overlap 36.5%: 16 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 | Kotak Infrastructure And Economic Reform Fund | UTI - Infrastructure Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,334 Cr (30-09-2026) | ₹2,033 Cr (30-09-2026) |
| NAV | ₹79.11 (Direct) | ₹143.59 (Direct) |
| Expense ratio (Direct) | 0.85% | 2.00% |
| Expense ratio (Regular) | 2.15% | 2.18% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Infrastructure TRI | Nifty Infrastructure TRI |
| Launch date | 25-02-2008 | 07-04-2004 |
| Minimum investment | ₹100 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Nalin Rasik | Deepesh Agarwal |
| Exit load | 0.5% for redemption within 90 Days | 1.00% if redeemed before 30 days from the date of allotment. Nil if redeemed on or after 30 days from the date of allotment |
Kotak Infrastructure And Economic Reform vs UTI - 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 |
|---|---|---|---|---|---|---|---|
| Kotak Infrastructure And Economic Reform Fund (Direct) | −4.00% | −3.46% | −1.28% | −0.36% | +15.14% | +16.83% | +15.66% |
| UTI - Infrastructure Fund (Direct) | −1.58% | −5.69% | −5.74% | −6.24% | +11.88% | +12.18% | +11.84% |
| 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.
Kotak Infrastructure And Economic Reform vs UTI - Infrastructure: Year-wise Returns
| Year | Kotak Infrastructure And Economic ReformKotak Infrastructure And Economic Reform | UTI - InfrastructureUTI - Infrastructure | Nifty Infrastructure TRI |
|---|---|---|---|
| 2026to date | +1.95% | −4.64% | −7.85% |
| 2025 | −2.41% | +4.65% | +14.64% |
| 2024 | +34.29% | +18.93% | +16.79% |
| 2023 | +39.21% | +38.67% | +40.08% |
| 2022 | +17.25% | +9.22% | +7.49% |
| 2021 | +59.43% | +39.76% | +37.77% |
Kotak Infrastructure And Economic Reform vs UTI - Infrastructure: Rolling Returns
Every holding period of both funds, against Nifty Infrastructure TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,151 of them, one for each trading day from 02-02-2018 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Kotak Infrastructure And Economic Reform Fund (Direct)
UTI - Infrastructure Fund (Direct)
Nifty Infrastructure TRI
to
Oct 2018Apr 2017
to
Apr 2020Oct 2018
to
Oct 2021Mar 2020
to
Mar 2023Sept 2021
to
Sept 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Infrastructure And Economic Reform | 10.3 | 3.3 | 12.0 | 14.3 | 12.9 | 19.2 | 27.9 | 18.4% | 19.0% | −10.8% | 45.9% | 72% |
| UTI - Infrastructure | 10.3 | 4.7 | 18.7 | 15.8 | 20.3 | 12.7 | 17.5 | 14.3% | 15.3% | −10.9% | 34.5% | 39% |
| Nifty Infrastructure TRI | 7.3 | 14.5 | 14.6 | 6.9 | 17.3 | 21.4 | 17.9 | 15.0% | 17.9% | −9.8% | 36.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Infrastructure TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-02-2015. Past returns do not promise future returns.
Kotak Infrastructure And Economic Reform vs UTI - Infrastructure: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-02-2015 to 30-10-2026: 141 instalments, ₹14,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Infrastructure And Economic ReformKotak Infrastructure And Economic Reform Fund (Direct) | ₹14,10,000 | ₹40,91,308 | ₹26,81,308 | 17.0% |
| UTI - InfrastructureUTI - Infrastructure Fund (Direct) | ₹14,10,000 | ₹30,92,861 | ₹16,82,861 | 12.7% |
Kotak Infrastructure And Economic ReformKotak Infrastructure And Economic Reform Fund (Direct)
UTI - InfrastructureUTI - Infrastructure Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Kotak Infrastructure And Economic Reform vs UTI - Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Infrastructure And Economic Reform Fund (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.36% | −6.24% |
| Standard deviation | 17.54% | 14.82% |
| Sharpe ratio | -0.32 | -0.77 |
| Sortino ratio | -0.43 | -1.04 |
| Maximum drawdown | −13.1% (31-03-2026) | −12.6% (23-03-2026) |
| Beta | 1.05 | 0.95 |
| Alpha | +7.89% | +0.77% |
From daily NAVs, 30-10-2025 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.
| Measure | Kotak Infrastructure And Economic Reform Fund (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.14% | +11.88% |
| Standard deviation | 17.50% | 15.85% |
| Sharpe ratio | 0.52 | 0.37 |
| Sortino ratio | 0.69 | 0.49 |
| Maximum drawdown | −27.7% (03-03-2025) | −21.3% (28-02-2025) |
| Beta | 0.92 | 0.91 |
| Alpha | +1.94% | −1.29% |
From daily NAVs, 30-10-2023 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.
| Measure | Kotak Infrastructure And Economic Reform Fund (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.83% | +12.18% |
| Standard deviation | 16.09% | 15.35% |
| Sharpe ratio | 0.69 | 0.42 |
| Sortino ratio | 0.91 | 0.55 |
| Maximum drawdown | −27.7% (03-03-2025) | −21.3% (28-02-2025) |
| Beta | 0.86 | 0.90 |
| Alpha | +4.93% | +0.05% |
From daily NAVs, 29-10-2021 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.
| Measure | Kotak Infrastructure And Economic Reform Fund (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.70% | +11.82% |
| Standard deviation | 16.11% | 17.94% |
| Sharpe ratio | 0.56 | 0.32 |
| Sortino ratio | 0.75 | 0.43 |
| Maximum drawdown | −46.0% (24-03-2020) | −42.8% (23-03-2020) |
| Beta | 0.76 | 0.85 |
| Alpha | +5.62% | +1.91% |
From daily NAVs, 02-02-2015 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.
Kotak Infrastructure And Economic Reform Fund (Direct)
UTI - Infrastructure Fund (Direct)
Nifty Infrastructure TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Infrastructure And Economic Reform Fund (Direct) | −46.0% | 12-01-2018 | 24-03-2020 | 04-02-2021 | 10 months | −7.5% |
| UTI - Infrastructure Fund (Direct) | −42.8% | 09-01-2018 | 23-03-2020 | 02-02-2021 | 10 months | −10.9% |
| Nifty Infrastructure TRI | −41.0% | 05-01-2018 | 23-03-2020 | 04-12-2020 | 8 months | −9.3% |
From daily values since 02-02-2015, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Infrastructure And Economic Reform Fund (Direct)
UTI - Infrastructure Fund (Direct)
Nifty Infrastructure TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Infrastructure And Economic Reform Fund (Direct)
UTI - Infrastructure Fund (Direct)
Nifty Infrastructure TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Kotak Infrastructure And Economic Reform Fund (Direct)
UTI - Infrastructure Fund (Direct)
Nifty Infrastructure TRI
Against Nifty Infrastructure TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Infrastructure And Economic Reform Fund (Direct) | 101% | 78% | 9.71% |
| UTI - Infrastructure Fund (Direct) | 98% | 95% | 7.50% |
From month-end values since 02-02-2015. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Kotak Infrastructure And Economic Reform vs UTI - Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Infrastructure And Economic Reform Fund, September 2026; UTI - Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 36.5%
- Held by both
- 16
- Only in Kotak Infrastructure And Economic Reform
- 32
- Only in UTI - Infrastructure
- 49
| Security | % of Kotak Infrastructure And Economic Reform | % of UTI - Infrastructure |
|---|---|---|
| Larsen and Toubro Ltd. | 8.70% | 8.82% |
| BHARTI AIRTEL LTD. | 7.45% | 13.01% |
| RELIANCE INDUSTRIES LTD. | 7.32% | 8.60% |
| Ultratech Cement Ltd. | 2.82% | 4.24% |
| Inter Globe Aviation Ltd | 2.31% | 3.18% |
| Cummins India Ltd. | 1.65% | 1.55% |
| BRIGADE ENTERPRISES LIMITED | 1.33% | 2.02% |
| Mahindra Logistics Ltd | 2.66% | 1.21% |
| Bharat Electronics Ltd. | 1.66% | 1.11% |
| G R Infraprojects Limited | 1.24% | 0.80% |
| Shree Cement Ltd. | 2.33% | 0.63% |
| NTPC LTD | 0.47% | 3.58% |
| Oil India Limited | 0.87% | 0.45% |
| H G Infra Engineering Ltd. | 0.25% | 0.56% |
| Container Corporation of India Ltd. | 1.29% | 0.09% |
| Engineers India Ltd | 3.71% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.5% means 36.5% 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 Kotak Infrastructure And Economic Reform Fund
| Security | % of fund |
|---|---|
| KALPATARU PROJECTS INTERNATIONAL LIMITED | 3.73% |
| Indus Towers Ltd. | 3.60% |
| Solar Industries India Limited | 3.04% |
| Kajaria Ceramics Ltd. | 2.86% |
| V.S.T Tillers Tractors Ltd | 2.43% |
Largest holdings only in UTI - Infrastructure Fund
| Security | % of fund |
|---|---|
| EQ - ADANI PORTS AND SPECIAL ECONO | 4.88% |
| EQ - OIL & NATURAL GAS CORPORATION | 3.42% |
| EQ - AXIS BANK LTD. | 2.73% |
| EQ - HINDUSTAN AERONAUTICS LTD | 2.35% |
| EQ - INDO-MIM LIMITED | 2.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Infrastructure And Economic Reform | UTI - Infrastructure |
|---|---|---|
| Equity | 98.7% | 97.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 2.8% |
Market cap of stocks
| Market cap | Kotak Infrastructure And Economic Reform | UTI - Infrastructure |
|---|---|---|
| Large Cap | 45.3% | 67.0% |
| Mid Cap | 10.2% | 7.3% |
| Small Cap | 38.5% | 18.1% |
| Not on AMFI's list | 4.6% | 4.8% |
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 | Kotak Infrastructure And Economic Reform | UTI - Infrastructure |
|---|---|---|
| Construction | 19.4% | 12.4% |
| Telecom - Services | 11.1% | 13.8% |
| Petroleum Products | 7.3% | 10.2% |
| Industrial Products | 8.1% | 4.9% |
| Auto Components | 7.4% | 1.7% |
| Transport Services | 6.3% | 4.5% |
| Power | 0.5% | 5.8% |
| Electrical Equipment | 5.5% | 5.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Infrastructure And Economic Reform vs UTI - Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Infrastructure And Economic Reform Fund | UTI - Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 2.00% |
| Base expense ratio (Direct) | 0.63% | 1.59% |
| Total expense ratio (Regular) | 2.15% | 2.18% |
| Base expense ratio (Regular) | 1.73% | 1.76% |
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 Kotak Infrastructure And Economic Reform with
- Kotak Infrastructure And Economic Reform vs Nippon India Taiwan Equity
- Kotak Infrastructure And Economic Reform vs HDFC Defence
- Kotak Infrastructure And Economic Reform vs HDFC Pharma and Healthcare
- Kotak Infrastructure And Economic Reform vs SBI Healthcare Opportunities
- Kotak Infrastructure And Economic Reform vs Aditya Birla Sun Life International Equity
Kotak Infrastructure And Economic Reform Fund vs UTI - Infrastructure Fund: Frequently Asked Questions
What is the difference between Kotak Infrastructure And Economic Reform Fund and UTI - Infrastructure Fund?
Kotak Infrastructure And Economic Reform Fund is a Thematic fund, UTI - Infrastructure Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and UTI Mutual Fund. Their portfolios overlap 36.5%. Kotak Infrastructure And Economic Reform Fund charges 0.85% a year and UTI - Infrastructure Fund 2.00%.
Which has given higher returns, Kotak Infrastructure And Economic Reform Fund or UTI - Infrastructure Fund?
Over 1 year: Kotak Infrastructure And Economic Reform Fund −0.36%, UTI - Infrastructure Fund −6.24%. Over 3 years: Kotak Infrastructure And Economic Reform Fund +15.14% a year, UTI - Infrastructure Fund +11.88% a year. Over 5 years: Kotak Infrastructure And Economic Reform Fund +16.83% a year, UTI - Infrastructure Fund +12.18% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Infrastructure And Economic Reform Fund or UTI - Infrastructure Fund?
Kotak Infrastructure And Economic Reform Fund charges less: 0.85% a year against 2.00%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Infrastructure And Economic Reform Fund and UTI - Infrastructure Fund overlap?
36.5%. They hold 16 of the same securities, the largest shared ones being LT, BHARTIARTL, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Kotak Infrastructure And Economic Reform Fund or UTI - Infrastructure Fund?
On SEBI's riskometer, Kotak Infrastructure And Economic Reform Fund is rated Very High and UTI - Infrastructure Fund Very High. Over 3 years, the standard deviation of daily returns was 17.50% and 15.85% a year.
Which is better for SIP, Kotak Infrastructure And Economic Reform Fund or UTI - Infrastructure Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,71,330 in Kotak Infrastructure And Economic Reform Fund (XIRR 14.0% a year) and ₹7,85,688 in UTI - Infrastructure Fund (XIRR 9.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Infrastructure And Economic Reform Fund and UTI - Infrastructure Fund?
Yes. 36.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Infrastructure And Economic Reform Fund and UTI - Infrastructure Fund?
Kotak Infrastructure And Economic Reform Fund: Nalin Rasik. UTI - Infrastructure Fund: Deepesh Agarwal.
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.