Nippon India ETF Nifty Infrastructure BeES vs UTI - Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ETF Nifty Infrastructure BeES is a mutual fund and UTI - Infrastructure Fund is a Thematic fund. In the 3 years to 30-10-2026, Nippon India ETF Nifty Infrastructure BeES (Direct) returned 12.8% a year and UTI - Infrastructure Fund (Direct) returned 11.9% a year. Nippon India ETF Nifty Infrastructure BeES charges 0.54% a year and UTI - Infrastructure Fund 2.00% (Direct plans). Their portfolios overlap 53.5%: they hold 16 of the same securities.
Nippon India ETF Nifty Infrastructure BeES
- 3 year return
- 12.8%
- Expense ratio
- 0.54%
- NAV
- ₹910.07
UTI - Infrastructure Fund
Thematic
- 3 year return
- 11.9%
- Expense ratio
- 2.00%
- NAV
- ₹143.59
Which is better, Nippon India ETF Nifty Infrastructure BeES 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.
- UTI - Infrastructure returned more over 5 years: 12.2% a year against 11.7%.
- Nippon India ETF Nifty Infrastructure BeES returned more over 3 years: 12.8% a year against 11.9%.
- Nippon India ETF Nifty Infrastructure BeES costs less: 0.54% a year against 2.00% (Direct plans).
- UTI - Infrastructure swung less over 3 years: a standard deviation of 15.8% a year against 16.8%.
- Nippon India ETF Nifty Infrastructure BeES fell less in its worst fall since 07-11-2016: −42.5% against −42.8%.
- Nippon India ETF Nifty Infrastructure BeES holds more in large companies: 88.8% of the fund in large caps against 67.0%.
- UTI - Infrastructure is the larger fund: ₹2,033 Cr against ₹177 Cr.
- Their portfolios overlap 53.5%: 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 | Nippon India ETF Nifty Infrastructure BeES | UTI - Infrastructure Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | UTI Mutual Fund |
| Category | Not available | Thematic |
| AUM | ₹177 Cr (30-09-2026) | ₹2,033 Cr (30-09-2026) |
| NAV | ₹910.07 (Direct) | ₹143.59 (Direct) |
| Expense ratio (Direct) | 0.54% | 2.00% |
| Expense ratio (Regular) | Not available | 2.18% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Infrastructure TRI |
| Launch date | Not available | 07-04-2004 |
| Minimum investment | Not available | 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 | Not available | None |
| Fund managers | Not available | Deepesh Agarwal |
| Exit load | Not available | 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 |
Nippon India ETF Nifty Infrastructure BeES 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 |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Infrastructure BeES (Direct) | +0.70% | −5.87% | −6.26% | −8.21% | +12.79% | +11.74% | -- |
| 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.
Nippon India ETF Nifty Infrastructure BeES vs UTI - Infrastructure: Year-wise Returns
| Year | Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES | UTI - InfrastructureUTI - Infrastructure | Nifty Infrastructure TRI |
|---|---|---|---|
| 2026to date | −8.23% | −4.64% | −7.85% |
| 2025 | +13.44% | +4.65% | +14.64% |
| 2024 | +15.53% | +18.93% | +16.79% |
| 2023 | +38.42% | +38.67% | +40.08% |
| 2022 | +6.32% | +9.22% | +7.49% |
| 2021 | +35.78% | +39.76% | +37.77% |
Nippon India ETF Nifty Infrastructure BeES 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, 1,726 of them, one for each trading day from 07-11-2019 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.
Nippon India ETF Nifty Infrastructure BeES (Direct)
UTI - Infrastructure Fund (Direct)
Nifty Infrastructure TRI
to
May 2020Aug 2018
to
Aug 2021Oct 2019
to
Oct 2022Dec 2020
to
Dec 2023Feb 2022
to
Feb 2025Apr 2023
to
Apr 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Infrastructure BeES | 10.4 | 4.5 | 7.6 | 8.8 | 27.9 | 26.4 | 14.4 | 16.2% | 18.4% | −10.9% | 34.3% | 0% |
| UTI - Infrastructure | 12.8 | 1.2 | 10.5 | 12.4 | 25.4 | 15.9 | 21.9 | 15.9% | 17.9% | −10.9% | 34.5% | 26% |
| Nifty Infrastructure TRI | 6.9 | 7.4 | 7.3 | 7.6 | 21.7 | 26.8 | 22.4 | 17.6% | 19.9% | −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 07-11-2016. Past returns do not promise future returns.
Nippon India ETF Nifty Infrastructure BeES 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 07-11-2016 to 30-10-2026: 120 instalments, ₹12,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES (Direct) | ₹12,00,000 | ₹23,91,432 | ₹11,91,432 | 13.2% |
| UTI - InfrastructureUTI - Infrastructure Fund (Direct) | ₹12,00,000 | ₹23,78,523 | ₹11,78,523 | 13.1% |
Nippon India ETF Nifty Infrastructure BeESNippon India ETF Nifty Infrastructure BeES (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.
Nippon India ETF Nifty Infrastructure BeES vs UTI - Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India ETF Nifty Infrastructure BeES (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.21% | −6.24% |
| Standard deviation | 15.41% | 14.82% |
| Sharpe ratio | -0.87 | -0.77 |
| Sortino ratio | -1.17 | -1.04 |
| Maximum drawdown | −12.7% (12-10-2026) | −12.6% (23-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.56% | +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 | Nippon India ETF Nifty Infrastructure BeES (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.79% | +11.88% |
| Standard deviation | 16.83% | 15.85% |
| Sharpe ratio | 0.40 | 0.37 |
| Sortino ratio | 0.54 | 0.49 |
| Maximum drawdown | −20.9% (28-02-2025) | −21.3% (28-02-2025) |
| Beta | 1.00 | 0.91 |
| Alpha | −1.04% | −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 | Nippon India ETF Nifty Infrastructure BeES (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.74% | +12.18% |
| Standard deviation | 16.31% | 15.35% |
| Sharpe ratio | 0.36 | 0.42 |
| Sortino ratio | 0.49 | 0.55 |
| Maximum drawdown | −20.9% (28-02-2025) | −21.3% (28-02-2025) |
| Beta | 1.00 | 0.90 |
| Alpha | −1.10% | +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 | Nippon India ETF Nifty Infrastructure BeES (Direct) | UTI - Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.47% | +11.82% |
| Standard deviation | 17.89% | 17.94% |
| Sharpe ratio | 0.40 | 0.32 |
| Sortino ratio | 0.54 | 0.43 |
| Maximum drawdown | −42.5% (23-03-2020) | −42.8% (23-03-2020) |
| Beta | 1.00 | 0.85 |
| Alpha | −1.26% | +1.91% |
From daily NAVs, 07-11-2016 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.
Nippon India ETF Nifty Infrastructure BeES (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 |
|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Infrastructure BeES (Direct) | −42.5% | 05-01-2018 | 23-03-2020 | 16-12-2020 | 9 months | −9.6% |
| 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 07-11-2016, 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.
Nippon India ETF Nifty Infrastructure BeES (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.
Nippon India ETF Nifty Infrastructure BeES (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.
Nippon India ETF Nifty Infrastructure BeES (Direct)
UTI - Infrastructure Fund (Direct)
Nifty Infrastructure TRI
Against Nifty Infrastructure TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ETF Nifty Infrastructure BeES (Direct) | 98% | 102% | 0.14% |
| UTI - Infrastructure Fund (Direct) | 97% | 98% | 7.27% |
From month-end values since 07-11-2016. 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.
Nippon India ETF Nifty Infrastructure BeES vs UTI - Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ETF Nifty Infrastructure BeES, September 2026; UTI - Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 53.5%
- Held by both
- 16
- Only in Nippon India ETF Nifty Infrastructure BeES
- 14
- Only in UTI - Infrastructure
- 49
| Security | % of Nippon India ETF Nifty Infrastructure BeES | % of UTI - Infrastructure |
|---|---|---|
| Bharti Airtel Limited | 14.47% | 13.01% |
| Larsen & Toubro Limited | 11.92% | 8.82% |
| Reliance Industries Limited | 19.82% | 8.60% |
| Adani Ports and Special Economic Zone Limited | 3.82% | 4.88% |
| NTPC Limited | 4.15% | 3.58% |
| UltraTech Cement Limited | 3.51% | 4.24% |
| InterGlobe Aviation Limited | 3.05% | 3.18% |
| Oil & Natural Gas Corporation Limited | 2.37% | 3.42% |
| Cummins India Limited | 1.74% | 1.55% |
| Suzlon Energy Limited | 1.30% | 1.79% |
| Power Grid Corporation of India Limited | 3.19% | 1.29% |
| Bharat Petroleum Corporation Limited | 1.65% | 0.93% |
| Bharat Forge Limited | 1.45% | 0.58% |
| Adani Power Limited | 2.30% | 0.52% |
| DLF Limited | 1.17% | 0.38% |
| Hindustan Petroleum Corporation Limited | 0.91% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.5% means 53.5% 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 Nippon India ETF Nifty Infrastructure BeES
| Security | % of fund |
|---|---|
| Grasim Industries Limited | 3.13% |
| Apollo Hospitals Enterprise Limited | 2.28% |
| Samvardhana Motherson International Limited | 1.95% |
| Max Healthcare Institute Limited | 1.87% |
| The Indian Hotels Company Limited | 1.73% |
Largest holdings only in UTI - Infrastructure Fund
| Security | % of fund |
|---|---|
| EQ - AXIS BANK LTD. | 2.73% |
| EQ - HINDUSTAN AERONAUTICS LTD | 2.35% |
| EQ - INDO-MIM LIMITED | 2.25% |
| EQ - ICICI BANK LTD | 2.04% |
| EQ - BRIGADE ENTERPRISES LTD. | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India ETF Nifty Infrastructure BeES | UTI - Infrastructure |
|---|---|---|
| Equity | 99.8% | 97.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 2.8% |
Market cap of stocks
| Market cap | Nippon India ETF Nifty Infrastructure BeES | UTI - Infrastructure |
|---|---|---|
| Large Cap | 88.8% | 67.0% |
| Mid Cap | 11.0% | 7.3% |
| Small Cap | 0.0% | 18.1% |
| Not on AMFI's list | 0.0% | 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 | Nippon India ETF Nifty Infrastructure BeES | UTI - Infrastructure |
|---|---|---|
| Petroleum Products | 23.8% | 10.2% |
| Telecom - Services | 15.8% | 13.8% |
| Construction | 11.9% | 12.4% |
| Power | 12.4% | 5.8% |
| Cement & Cement Products | 6.6% | 4.9% |
| Electrical Equipment | 4.3% | 5.5% |
| Healthcare Services | 5.2% | 0.4% |
| Industrial Products | 1.7% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ETF Nifty Infrastructure BeES vs UTI - Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ETF Nifty Infrastructure BeES | UTI - Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.54% | 2.00% |
| Base expense ratio (Direct) | 0.43% | 1.59% |
| Total expense ratio (Regular) | Not available | 2.18% |
| Base expense ratio (Regular) | 0.00% | 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
Nippon India ETF Nifty Infrastructure BeES vs UTI - Infrastructure Fund: Frequently Asked Questions
What is the difference between Nippon India ETF Nifty Infrastructure BeES and UTI - Infrastructure Fund?
Nippon India ETF Nifty Infrastructure BeES is a mutual fund, UTI - Infrastructure Fund is a Thematic fund, run by Nippon India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 53.5%. Nippon India ETF Nifty Infrastructure BeES charges 0.54% a year and UTI - Infrastructure Fund 2.00%.
Which has given higher returns, Nippon India ETF Nifty Infrastructure BeES or UTI - Infrastructure Fund?
Over 1 year: Nippon India ETF Nifty Infrastructure BeES −8.21%, UTI - Infrastructure Fund −6.24%. Over 3 years: Nippon India ETF Nifty Infrastructure BeES +12.79% a year, UTI - Infrastructure Fund +11.88% a year. Over 5 years: Nippon India ETF Nifty Infrastructure BeES +11.74% 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, Nippon India ETF Nifty Infrastructure BeES or UTI - Infrastructure Fund?
Nippon India ETF Nifty Infrastructure BeES charges less: 0.54% a year against 2.00%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India ETF Nifty Infrastructure BeES and UTI - Infrastructure Fund overlap?
53.5%. They hold 16 of the same securities, the largest shared ones being BHARTIARTL, LT, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India ETF Nifty Infrastructure BeES 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 ₹7,86,116 in Nippon India ETF Nifty Infrastructure BeES (XIRR 9.9% 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 Nippon India ETF Nifty Infrastructure BeES and UTI - Infrastructure Fund?
Yes. 53.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.