Mirae Asset Infrastructure Fund vs Tata Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Infrastructure Fund is a Thematic fund and Tata Infrastructure Fund is a Thematic fund. Mirae Asset Infrastructure Fund charges 0.82% a year and Tata Infrastructure Fund 1.24% (Direct plans). Their portfolios overlap 30.1%: they hold 14 of the same securities.
Mirae Asset Infrastructure Fund
Thematic
- Expense ratio
- 0.82%
- NAV
- ₹10.79
Which is better, Mirae Asset Infrastructure or Tata 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 1.24% (Direct plans).
- Mirae Asset Infrastructure fell less in its worst fall since 08-12-2025: −12.2% against −12.3%.
- Tata Infrastructure is the larger fund: ₹1,982 Cr against ₹484 Cr.
- Their portfolios overlap 30.1%: 14 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 | Tata Infrastructure Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹484 Cr (30-09-2026) | ₹1,982 Cr (30-09-2026) |
| NAV | ₹10.79 (Direct) | ₹183.57 (Direct) |
| Expense ratio (Direct) | 0.82% | 1.24% |
| Expense ratio (Regular) | 2.64% | 2.13% |
| Riskometer | Very High | Very High |
| Benchmark | BSE India Infrastructure TRI | BSE India Infrastructure TRI |
| Launch date | 05-12-2025 | 31-12-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bharti Sawant | Abhinav Sharma |
| Exit load | Exit load of 1% if redeemed within 1 Month. | 0.25% of NAV if redeemed /switched out before 30 days from the date of allotment. |
Mirae Asset Infrastructure vs Tata 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Infrastructure Fund (Direct) | −3.97% | −3.58% | +0.70% | -- | -- | -- | -- |
| Tata Infrastructure Fund (Direct) | −4.97% | −7.47% | −5.06% | −2.53% | +11.28% | +14.28% | +14.17% |
| 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.
Mirae Asset Infrastructure vs Tata Infrastructure: Year-wise Returns
| Year | Mirae AssetMirae Asset Infrastructure | TataTata Infrastructure | BSE India Infrastructure Index TRI |
|---|---|---|---|
| 2026to date | +7.12% | +1.17% | −7.07% |
| 2025 | -- | −6.15% | −2.32% |
| 2024 | -- | +24.03% | +30.02% |
| 2023 | -- | +46.32% | +61.08% |
| 2022 | -- | +8.61% | +15.07% |
| 2021 | -- | +54.78% | +51.72% |
Mirae Asset Infrastructure vs Tata Infrastructure: Rolling Returns
Every holding period of both funds, against BSE India Infrastructure Index TRI, the benchmark of both
Mirae Asset Infrastructure vs Tata Infrastructure: 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) | Tata Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.67% | +14.00% |
| Standard deviation | 18.39% | 17.24% |
| Sharpe ratio | 0.30 | 0.46 |
| Sortino ratio | 0.40 | 0.62 |
| Maximum drawdown | −12.2% (30-03-2026) | −42.5% (23-03-2020) |
| Beta | 0.95 | 0.71 |
| Alpha | +14.32% | +2.69% |
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)
Tata 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 |
|---|---|---|---|---|---|---|
| Mirae Asset Infrastructure Fund (Direct) | −12.2% | 18-02-2026 | 30-03-2026 | 17-04-2026 | 18 days | −7.3% |
| Tata Infrastructure Fund (Direct) | −12.3% | 22-06-2026 | 23-10-2026 | Not yet | -- | −10.0% |
| 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 Tata Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Infrastructure Fund, September 2026; Tata Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 30.1%
- Held by both
- 14
- Only in Mirae Asset Infrastructure
- 33
- Only in Tata Infrastructure
- 38
| Security | % of Mirae Asset Infrastructure | % of Tata Infrastructure |
|---|---|---|
| Larsen & Toubro Ltd. | 5.60% | 6.64% |
| Adani Ports and Special Economic Zone Ltd. | 5.64% | 4.17% |
| NTPC Ltd. | 3.76% | 3.79% |
| Interglobe Aviation Ltd. | 3.31% | 3.52% |
| Bharat Heavy Electricals Ltd. | 3.18% | 2.67% |
| ABB India Ltd. | 1.88% | 2.10% |
| JSW Infrastructure Ltd. | 1.63% | 1.79% |
| Kalpataru Projects International Ltd. | 2.24% | 1.45% |
| INDO-MIM Ltd. | 1.41% | 1.60% |
| Ultratech Cement Ltd. | 1.35% | 2.62% |
| Siemens Energy India Ltd. | 2.03% | 1.27% |
| SKF India (Industrial) Ltd. | 0.56% | 1.12% |
| Ambuja Cements Ltd. | 0.55% | 1.89% |
| Indus Towers Ltd. | 0.50% | 1.70% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.1% means 30.1% 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% |
| Kusumgar Ltd. | 3.25% |
| Lodha Developers Ltd. | 2.96% |
| TD Power Systems Ltd. | 2.91% |
| JSW Energy Ltd. | 2.87% |
Largest holdings only in Tata Infrastructure Fund
| Security | % of fund |
|---|---|
| ADANI ENERGY SOLUTIONS LTD | 3.46% |
| THE RAMCO CEMENTS LTD | 2.97% |
| ADANI POWER LTD | 2.57% |
| ADANI ENTERPRISES LTD | 2.54% |
| DEE DEVELOPMENT ENGINEERS LTD | 2.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Infrastructure | Tata Infrastructure |
|---|---|---|
| Equity | 99.1% | 92.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 7.3% |
Market cap of stocks
| Market cap | Mirae Asset Infrastructure | Tata Infrastructure |
|---|---|---|
| Large Cap | 45.4% | 43.8% |
| Mid Cap | 12.8% | 12.6% |
| Small Cap | 23.8% | 34.7% |
| Not on AMFI's list | 17.1% | 1.6% |
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 | Mirae Asset Infrastructure | Tata Infrastructure |
|---|---|---|
| Electrical Equipment | 17.3% | 7.5% |
| Power | 8.9% | 14.3% |
| Construction | 7.8% | 12.9% |
| Transport Services | 11.8% | 5.7% |
| Cement & Cement Products | 1.9% | 10.6% |
| Industrial Products | 9.4% | 10.4% |
| Transport Infrastructure | 7.3% | 6.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Infrastructure vs Tata Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Infrastructure Fund | Tata Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.82% | 1.24% |
| Base expense ratio (Direct) | 0.56% | 1.00% |
| Total expense ratio (Regular) | 2.64% | 2.13% |
| Base expense ratio (Regular) | 2.10% | 1.77% |
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
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Mirae Asset Infrastructure Fund vs Tata Infrastructure Fund: Frequently Asked Questions
What is the difference between Mirae Asset Infrastructure Fund and Tata Infrastructure Fund?
Mirae Asset Infrastructure Fund is a Thematic fund, Tata Infrastructure Fund is a Thematic fund, run by Mirae Asset Mutual Fund and Tata Mutual Fund. Their portfolios overlap 30.1%. Mirae Asset Infrastructure Fund charges 0.82% a year and Tata Infrastructure Fund 1.24%.
Which has the lower expense ratio, Mirae Asset Infrastructure Fund or Tata Infrastructure Fund?
Mirae Asset Infrastructure Fund charges less: 0.82% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Infrastructure Fund and Tata Infrastructure Fund overlap?
30.1%. They hold 14 of the same securities, the largest shared ones being LT, ADANIPORTS, NTPC. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Infrastructure Fund or Tata Infrastructure Fund?
On SEBI's riskometer, Mirae Asset Infrastructure Fund is rated Very High and Tata Infrastructure Fund Very High. Over their common history, the standard deviation of daily returns was 18.39% and 17.24% a year.
Can I invest in both Mirae Asset Infrastructure Fund and Tata Infrastructure Fund?
Yes. 30.1% 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 Tata Infrastructure Fund?
Mirae Asset Infrastructure Fund: Bharti Sawant. Tata Infrastructure Fund: Abhinav Sharma.
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.