Mirae Asset Infrastructure Fund vs Nippon India Power & Infra Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Infrastructure Fund is a Thematic fund and Nippon India Power & Infra Fund is a Sectoral fund. Mirae Asset Infrastructure Fund charges 0.82% a year and Nippon India Power & Infra Fund 1.11% (Direct plans). Their portfolios overlap 37.6%: they hold 25 of the same securities.
Mirae Asset Infrastructure Fund
Thematic
- Expense ratio
- 0.82%
- NAV
- ₹10.79
Nippon India Power & Infra Fund
Sectoral
- Expense ratio
- 1.11%
- NAV
- ₹381.72
Which is better, Mirae Asset Infrastructure or Nippon India Power & Infra? 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 1.11% (Direct plans).
- Mirae Asset Infrastructure fell less in its worst fall since 08-12-2025: −12.2% against −12.8%.
- Nippon India Power & Infra is the larger fund: ₹7,867 Cr against ₹484 Cr.
- Their portfolios overlap 37.6%: 25 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 | Mirae Asset Infrastructure Fund | Nippon India Power & Infra Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Sectoral |
| AUM | ₹484 Cr (30-09-2026) | ₹7,867 Cr (30-09-2026) |
| NAV | ₹10.79 (Direct) | ₹381.72 (Direct) |
| Expense ratio (Direct) | 0.82% | 1.11% |
| Expense ratio (Regular) | 2.64% | 1.96% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | Nifty Infrastructure TRI |
| Launch date | 05-12-2025 | 08-05-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bharti Sawant | Rahul Modi |
| Exit load | Exit load of 1% if redeemed within 1 Month. | Exit load of 1% if redeemed within 1 month. |
Mirae Asset Infrastructure vs Nippon India Power & Infra: 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Infrastructure Fund (Direct) | −3.97% | −3.58% | +0.70% | -- | -- | -- | -- |
| Nippon India Power & Infra Fund (Direct) | −5.27% | −7.40% | −7.57% | −2.17% | +16.41% | +18.38% | +16.60% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | +14.77% |
Category average: the average of the 235 Thematic funds and the 20 Sectoral funds, same plan type.
Mirae Asset Infrastructure vs Nippon India Power & Infra: Year-wise Returns
| Year | Mirae Asset InfrastructureMirae Asset Infrastructure | Nippon India Power & InfraNippon India Power & Infra |
|---|---|---|
| 2026to date | +7.12% | +1.60% |
| 2025 | -- | +0.37% |
| 2024 | -- | +27.98% |
| 2023 | -- | +59.03% |
| 2022 | -- | +11.64% |
| 2021 | -- | +49.69% |
Mirae Asset Infrastructure vs Nippon India Power & Infra: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of Mirae Asset Infrastructure Fund
Mirae Asset Infrastructure vs Nippon India Power & Infra: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Infrastructure Fund (Direct) | Nippon India Power & Infra Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.67% | +14.28% |
| Standard deviation | 18.39% | 18.67% |
| Sharpe ratio | 0.30 | 0.44 |
| Sortino ratio | 0.40 | 0.59 |
| Maximum drawdown | −12.2% (30-03-2026) | −53.2% (24-03-2020) |
| Beta | 0.95 | 0.87 |
| Alpha | +14.32% | +4.30% |
From daily NAVs, 08-12-2025 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.
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.
Mirae Asset Infrastructure Fund (Direct)
Nippon India Power & Infra 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 |
|---|---|---|---|---|---|---|
| Mirae Asset Infrastructure Fund (Direct) | −12.2% | 18-02-2026 | 30-03-2026 | 17-04-2026 | 18 days | −7.3% |
| Nippon India Power & Infra Fund (Direct) | −12.8% | 22-06-2026 | 23-10-2026 | Not yet | -- | −10.8% |
| 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.
Mirae Asset Infrastructure vs Nippon India Power & Infra: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Infrastructure Fund, September 2026; Nippon India Power & Infra Fund, September 2026
Holdings in common
- Overlap
- 37.6%
- Held by both
- 25
- Only in Mirae Asset Infrastructure
- 22
- Only in Nippon India Power & Infra
- 59
| Security | % of Mirae Asset Infrastructure | % of Nippon India Power & Infra |
|---|---|---|
| Larsen & Toubro Ltd. | 5.60% | 5.33% |
| NTPC Ltd. | 3.76% | 5.17% |
| Bharat Heavy Electricals Ltd. | 3.18% | 3.38% |
| Power Finance Corporation Ltd. | 2.84% | 2.72% |
| Bharti Airtel Ltd. | 2.81% | 2.30% |
| Hindustan Aeronautics Ltd. | 1.82% | 2.20% |
| TD Power Systems Ltd. | 2.91% | 1.60% |
| CG Power and Industrial Solutions Ltd. | 1.80% | 1.49% |
| Triveni Turbine Ltd. | 1.43% | 2.13% |
| JSW Energy Ltd. | 2.87% | 1.38% |
| JSW Infrastructure Ltd. | 1.63% | 1.37% |
| Ultratech Cement Ltd. | 1.35% | 1.95% |
| Reliance Industries Ltd. | 1.33% | 7.03% |
| Adani Ports and Special Economic Zone Ltd. | 5.64% | 1.17% |
| Cummins India Ltd. | 1.13% | 1.27% |
| Siemens Energy India Ltd. | 2.03% | 0.92% |
| Apollo Hospitals Enterprise Ltd. | 1.84% | 0.90% |
| Juniper Green Energy Ltd. | 2.28% | 0.78% |
| Interglobe Aviation Ltd. | 3.31% | 0.70% |
| Container Corporation of India Ltd. | 1.37% | 0.60% |
| Kirloskar Oil Engines Ltd. | 2.17% | 0.59% |
| Laser Power & Infra Ltd | 2.24% | 0.55% |
| Ambuja Cements Ltd. | 0.55% | 1.99% |
| Tata Steel Ltd. | 1.31% | 0.47% |
| Kusumgar Ltd. | 3.25% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.6% means 37.6% 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 Mirae Asset Infrastructure Fund
| Security | % of fund |
|---|---|
| Welspun Corp Ltd. | 3.29% |
| Lodha Developers Ltd. | 2.96% |
| Shiprocket Ltd. | 2.75% |
| BlackBuck Ltd. | 2.58% |
| Bharat Electronics Ltd. | 2.50% |
Largest holdings only in Nippon India Power & Infra Fund
| Security | % of fund |
|---|---|
| NTPC Green Energy Limited | 4.29% |
| Carborundum Universal Limited | 2.39% |
| Acme Solar Holdings Ltd | 2.18% |
| Samvardhana Motherson International Limited | 1.97% |
| Cyient Dlm Ltd | 1.85% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Infrastructure | Nippon India Power & Infra |
|---|---|---|
| Equity | 99.1% | 99.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 0.7% |
Market cap of stocks
| Market cap | Mirae Asset Infrastructure | Nippon India Power & Infra |
|---|---|---|
| Large Cap | 45.4% | 47.1% |
| Mid Cap | 12.8% | 23.1% |
| Small Cap | 23.8% | 25.0% |
| Not on AMFI's list | 17.1% | 4.0% |
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 | Mirae Asset Infrastructure | Nippon India Power & Infra |
|---|---|---|
| Power | 8.9% | 18.3% |
| Electrical Equipment | 17.3% | 15.2% |
| Transport Services | 11.8% | 1.8% |
| Industrial Products | 9.4% | 6.3% |
| Construction | 7.8% | 7.0% |
| Auto Components | 0.0% | 7.6% |
| Transport Infrastructure | 7.3% | 2.5% |
| Petroleum Products | 1.3% | 7.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Infrastructure vs Nippon India Power & Infra: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Infrastructure Fund | Nippon India Power & Infra Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.82% | 1.11% |
| Base expense ratio (Direct) | 0.56% | 0.81% |
| Total expense ratio (Regular) | 2.64% | 1.96% |
| Base expense ratio (Regular) | 2.10% | 1.54% |
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 Mirae Asset Infrastructure with
Mirae Asset Infrastructure Fund vs Nippon India Power & Infra Fund: Frequently Asked Questions
What is the difference between Mirae Asset Infrastructure Fund and Nippon India Power & Infra Fund?
Mirae Asset Infrastructure Fund is a Thematic fund, Nippon India Power & Infra Fund is a Sectoral fund, run by Mirae Asset Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 37.6%. Mirae Asset Infrastructure Fund charges 0.82% a year and Nippon India Power & Infra Fund 1.11%.
Which has the lower expense ratio, Mirae Asset Infrastructure Fund or Nippon India Power & Infra Fund?
Mirae Asset Infrastructure Fund charges less: 0.82% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Infrastructure Fund and Nippon India Power & Infra Fund overlap?
37.6%. They hold 25 of the same securities, the largest shared ones being LT, NTPC, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Infrastructure Fund or Nippon India Power & Infra Fund?
On SEBI's riskometer, Mirae Asset Infrastructure Fund is rated Very High and Nippon India Power & Infra Fund Very High. Over their common history, the standard deviation of daily returns was 18.39% and 18.67% a year.
Can I invest in both Mirae Asset Infrastructure Fund and Nippon India Power & Infra Fund?
Yes. 37.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset Infrastructure Fund and Nippon India Power & Infra Fund?
Mirae Asset Infrastructure Fund: Bharti Sawant. Nippon India Power & Infra Fund: Rahul Modi.
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.