LIC MF Infrastructure Fund vs UTI Nifty50 Equal Weight Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Infrastructure Fund is a Thematic fund and UTI Nifty50 Equal Weight Index Fund is an Index fund. In the 3 years to 30-10-2026, LIC MF Infrastructure Fund (Direct) returned 21.0% a year and UTI Nifty50 Equal Weight Index Fund (Direct) returned 11.2% a year. LIC MF Infrastructure Fund charges 1.30% a year and UTI Nifty50 Equal Weight Index Fund 0.45% (Direct plans). Their portfolios overlap 26.4%: they hold 16 of the same securities.
LIC MF Infrastructure Fund
Thematic
- 3 year return
- 21.0%
- Expense ratio
- 1.30%
- NAV
- ₹58.97
UTI Nifty50 Equal Weight Index Fund
Index
- 3 year return
- 11.2%
- Expense ratio
- 0.45%
- NAV
- ₹14.47
Which is better, LIC MF Infrastructure or UTI Nifty50 Equal Weight Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Infrastructure returned more over 3 years: 21.0% a year against 11.2%.
- LIC MF Infrastructure returned more over 1 year: 0.5% against −5.1%.
- UTI Nifty50 Equal Weight Index costs less: 0.45% a year against 1.30% (Direct plans).
- UTI Nifty50 Equal Weight Index swung less over 3 years: a standard deviation of 13.6% a year against 19.7%.
- UTI Nifty50 Equal Weight Index fell less in its worst fall since 09-06-2023: −18.1% against −26.7%.
- UTI Nifty50 Equal Weight Index holds more in large companies: 96.1% of the fund in large caps against 39.3%.
- LIC MF Infrastructure is the larger fund: ₹1,153 Cr against ₹147 Cr.
- Their portfolios overlap 26.4%: 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 | LIC MF Infrastructure Fund | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹1,153 Cr (30-09-2026) | ₹147 Cr (30-09-2026) |
| NAV | ₹58.97 (Direct) | ₹14.47 (Direct) |
| Expense ratio (Direct) | 1.30% | 0.45% |
| Expense ratio (Regular) | 2.65% | 0.90% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Infrastructure TRI | NIFTY 50 Equal Weight TRI |
| Launch date | 24-03-2008 | 07-06-2023 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Mahesh Bendre | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. | NIL |
LIC MF Infrastructure vs UTI Nifty50 Equal Weight Index: 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Infrastructure Fund (Direct) | −5.46% | −5.47% | −1.50% | +0.53% | +21.03% | +19.78% | +16.87% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | +0.96% | −6.21% | −2.78% | −5.10% | +11.15% | -- | -- |
| 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.
LIC MF Infrastructure vs UTI Nifty50 Equal Weight Index: Year-wise Returns
| Year | LIC MF InfrastructureLIC MF Infrastructure | UTI Nifty50 Equal Weight IndexUTI Nifty50 Equal Weight Index |
|---|---|---|
| 2026to date | +3.94% | −5.83% |
| 2025 | −2.16% | +14.18% |
| 2024 | +49.49% | +9.98% |
| 2023 | +45.90% | -- |
| 2022 | +9.21% | -- |
| 2021 | +48.51% | -- |
LIC MF Infrastructure vs UTI Nifty50 Equal Weight Index: Rolling Returns
Every holding period of both funds, against Nifty Infrastructure TRI, the benchmark of LIC MF Infrastructure Fund
Rolling returns
Every 3-year holding period, 98 of them, one for each trading day from 09-06-2026 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.
LIC MF Infrastructure Fund (Direct)
UTI Nifty50 Equal Weight Index Fund (Direct)
Nifty Infrastructure TRI
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Infrastructure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 40.8 | 59.2 | 25.5% | 26.1% | 20.2% | 29.9% | 100% |
| UTI Nifty50 Equal Weight Index | 0.0 | 0.0 | 12.2 | 87.8 | 0.0 | 0.0 | 0.0 | 12.6% | 13.3% | 9.1% | 14.9% | 0% |
| Nifty Infrastructure TRI | 0.0 | 0.0 | 0.0 | 34.7 | 61.2 | 4.1 | 0.0 | 16.2% | 16.9% | 11.4% | 20.1% | -- |
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 09-06-2023. Past returns do not promise future returns.
LIC MF Infrastructure vs UTI Nifty50 Equal Weight Index: 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 01-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF InfrastructureLIC MF Infrastructure Fund (Direct) | ₹4,10,000 | ₹5,01,104 | ₹91,104 | 11.8% |
| UTI Nifty50 Equal Weight IndexUTI Nifty50 Equal Weight Index Fund (Direct) | ₹4,10,000 | ₹4,44,621 | ₹34,621 | 4.7% |
LIC MF InfrastructureLIC MF Infrastructure Fund (Direct)
UTI Nifty50 Equal Weight IndexUTI Nifty50 Equal Weight Index 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.
LIC MF Infrastructure vs UTI Nifty50 Equal Weight Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Infrastructure Fund (Direct) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.53% | −5.10% |
| Standard deviation | 16.76% | 13.70% |
| Sharpe ratio | -0.28 | -0.76 |
| Sortino ratio | -0.39 | -1.00 |
| Maximum drawdown | −11.7% (31-03-2026) | −12.4% (31-03-2026) |
| Beta | 0.95 | 1.00 |
| Alpha | +7.52% | −0.36% |
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 | LIC MF Infrastructure Fund (Direct) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.03% | +11.15% |
| Standard deviation | 19.71% | 13.58% |
| Sharpe ratio | 0.76 | 0.38 |
| Sortino ratio | 1.02 | 0.53 |
| Maximum drawdown | −26.7% (28-02-2025) | −18.1% (28-02-2025) |
| Beta | 0.96 | 1.00 |
| Alpha | +7.47% | −0.67% |
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 | LIC MF Infrastructure Fund (Direct) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.03% | +11.81% |
| Standard deviation | 18.05% | 13.12% |
| Sharpe ratio | 0.50 | 0.43 |
| Sortino ratio | 0.68 | 0.61 |
| Maximum drawdown | −39.6% (23-03-2020) | −18.1% (28-02-2025) |
| Beta | 0.81 | 1.00 |
| Alpha | +5.31% | −0.69% |
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.
LIC MF Infrastructure Fund (Direct)
UTI Nifty50 Equal Weight Index Fund (Direct)
Nifty Infrastructure TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Infrastructure Fund (Direct) | −26.7% | 16-12-2024 | 28-02-2025 | 04-05-2026 | 14 months | −8.8% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | −18.1% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −8.1% |
| Nifty Infrastructure TRI | −20.6% | 27-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −9.3% |
From daily values since 09-06-2023, 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.
LIC MF Infrastructure Fund (Direct)
UTI Nifty50 Equal Weight Index 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.
LIC MF Infrastructure Fund (Direct)
UTI Nifty50 Equal Weight Index Fund (Direct)
Nifty Infrastructure TRI
Against Nifty Infrastructure TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Infrastructure Fund (Direct) | 111% | 74% | 14.12% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | 76% | 77% | 6.77% |
From month-end values since 09-06-2023. 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.
LIC MF Infrastructure vs UTI Nifty50 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Infrastructure Fund, September 2026; UTI Nifty50 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 26.4%
- Held by both
- 16
- Only in LIC MF Infrastructure
- 36
- Only in UTI Nifty50 Equal Weight Index
- 34
| Security | % of LIC MF Infrastructure | % of UTI Nifty50 Equal Weight Index |
|---|---|---|
| InterGlobe Aviation Ltd. | 2.05% | 2.07% |
| ICICI Bank Ltd. | 2.08% | 2.04% |
| NTPC Ltd. | 2.23% | 2.03% |
| Tata Motors Passenger Vehicles Ltd. | 4.73% | 2.00% |
| Larsen & Toubro Ltd. | 2.99% | 1.99% |
| Tata Steel Ltd. | 1.95% | 2.01% |
| Maruti Suzuki India Ltd. | 1.84% | 2.03% |
| HDFC Bank Ltd. | 1.75% | 1.98% |
| Bharti Airtel Ltd. | 1.74% | 2.02% |
| Ultratech Cement Ltd. | 1.52% | 2.01% |
| Mahindra & Mahindra Ltd. | 1.44% | 1.99% |
| JSW Steel Ltd. | 1.37% | 2.01% |
| Kotak Mahindra Bank Ltd. | 1.33% | 2.12% |
| State Bank of India | 1.21% | 2.00% |
| Axis Bank Ltd. | 1.16% | 2.06% |
| Bharat Electronics Ltd. | 0.95% | 2.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.4% means 26.4% 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 LIC MF Infrastructure Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 5.54% |
| The Phoenix Mills Ltd. | 3.31% |
| Tata Motors Ltd. | 3.30% |
| Garware Hi-Tech Films Ltd. | 3.19% |
| Tenneco Clean Air India Ltd. | 2.78% |
Largest holdings only in UTI Nifty50 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| EQ - DR REDDYS LABORATORIES LTD. | 2.10% |
| EQ - ADANI PORTS AND SPECIAL ECONO | 2.06% |
| EQ - INFOSYS LTD. | 2.04% |
| EQ - COAL INDIA LTD. | 2.04% |
| EQ - ADANI ENTERPRISES LTD. | 2.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Infrastructure | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Equity | 92.6% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 7.4% | -0.1% |
Market cap of stocks
| Market cap | LIC MF Infrastructure | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Large Cap | 39.3% | 96.1% |
| Mid Cap | 16.7% | 4.0% |
| Small Cap | 30.9% | 0.0% |
| Not on AMFI's list | 5.7% | 0.0% |
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 | LIC MF Infrastructure | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Auto Components | 10.9% | 0.0% |
| Banks | 7.5% | 10.2% |
| Automobiles | 8.0% | 10.0% |
| Industrial Products | 9.4% | 0.0% |
| IT - Software | 0.0% | 8.1% |
| Finance | 0.0% | 8.0% |
| Electrical Equipment | 6.7% | 0.0% |
| Industrial Manufacturing | 6.6% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.1% |
| Ferrous Metals | 4.9% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Infrastructure vs UTI Nifty50 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Infrastructure Fund | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.30% | 0.45% |
| Base expense ratio (Direct) | 0.70% | 0.30% |
| Total expense ratio (Regular) | 2.65% | 0.90% |
| Base expense ratio (Regular) | 1.90% | 0.70% |
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
LIC MF Infrastructure Fund vs UTI Nifty50 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between LIC MF Infrastructure Fund and UTI Nifty50 Equal Weight Index Fund?
LIC MF Infrastructure Fund is a Thematic fund, UTI Nifty50 Equal Weight Index Fund is an Index fund, run by LIC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 26.4%. LIC MF Infrastructure Fund charges 1.30% a year and UTI Nifty50 Equal Weight Index Fund 0.45%.
Which has given higher returns, LIC MF Infrastructure Fund or UTI Nifty50 Equal Weight Index Fund?
Over 1 year: LIC MF Infrastructure Fund +0.53%, UTI Nifty50 Equal Weight Index Fund −5.10%. Over 3 years: LIC MF Infrastructure Fund +21.03% a year, UTI Nifty50 Equal Weight Index Fund +11.15% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Infrastructure Fund or UTI Nifty50 Equal Weight Index Fund?
UTI Nifty50 Equal Weight Index Fund charges less: 0.45% a year against 1.30%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Infrastructure Fund and UTI Nifty50 Equal Weight Index Fund overlap?
26.4%. They hold 16 of the same securities, the largest shared ones being INDIGO, ICICIBANK, NTPC. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Infrastructure Fund or UTI Nifty50 Equal Weight Index Fund?
On SEBI's riskometer, LIC MF Infrastructure Fund is rated Very High and UTI Nifty50 Equal Weight Index Fund Very High. Over 3 years, the standard deviation of daily returns was 19.71% and 13.58% a year.
Which is better for SIP, LIC MF Infrastructure Fund or UTI Nifty50 Equal Weight Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,24,196 in LIC MF Infrastructure Fund (XIRR 8.9% a year) and ₹3,88,487 in UTI Nifty50 Equal Weight Index Fund (XIRR 3.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Infrastructure Fund and UTI Nifty50 Equal Weight Index Fund?
Yes. 26.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Infrastructure Fund and UTI Nifty50 Equal Weight Index Fund?
LIC MF Infrastructure Fund: Mahesh Bendre. UTI Nifty50 Equal Weight Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.