Mirae Asset Infrastructure Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Mirae Asset Infrastructure Fund Direct Growth Plan has a NAV of ₹11.129 as of 16 Sep 2026 and manages ₹488 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0.76% and 0%, and the scheme sits in the High Risk category. Our view is that this is a niche infrastructure-focused fund that may suit investors who can tolerate sharp swings and want exposure to a theme-led portfolio, but the return record is still short and uneven.
Recent movement has been mixed, with a weak 1-month reading but a better 3-month trend than the benchmark. The portfolio is led by large infrastructure and power-linked names, so performance may move differently from the broader market when the underlying theme is in or out of favour.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.129 as of 16 Sep 2026 |
| AUM | ₹488 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 05 Dec 2025 |
| Min SIP | ₹99 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Exit Load | Nil upto 15% of units and 1% for remaining units on or before 365D, Nil after 365 |
| Fund Managers | Bharti Sawant |
The fund is managed by Bharti Sawant.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.49% | -4.41% |
| 3M | 0.76% | -3.60% |
| 1Y | 0% | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is uneven rather than steady. Over one month, the fund declined, but it still fell less than the benchmark. Over three months, it turned positive while the benchmark remained negative, which suggests the portfolio has been able to recover better in the shorter window.
That said, the fund is still very new, so the longer-horizon record is not yet meaningful enough to judge a full cycle. The 1-year figure is flat, which does not yet confirm a persistent compounding trend. For now, the main takeaway is that short-term behaviour has been better than the benchmark in the latest three-month stretch, even though the one-month snapshot was weak.
Because there is no usable multi-year return history yet, we would treat this as an early performance profile rather than a completed record. The gap between the modest 3-month gain and the flat 1-year outcome shows that returns have not been smooth. Investors should therefore read the recent improvement as tentative, not as proof that the fund has settled into a stable pattern.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Mirae Asset Infrastructure?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Mirae Asset Infrastructure? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Mirae Asset Infrastructure Fund Direct Growth Plan | 0% | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 34.39% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.30% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 13.33% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 8.75% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 6.31% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is well below the peer set shown here, while the peer funds with available one-year figures have delivered clearly positive gains. The more important contrast is that this fund’s short-term recovery pattern is still only modest, whereas several peers show materially stronger 1-year outcomes. With 3-year and 5-year figures unavailable for the peer set and for this fund, the comparison is mostly a recent-performance check rather than a full-cycle verdict.
That makes the short-term gap more visible than any longer-term distinction. On the numbers available here, the fund has not yet established a return profile that matches the stronger one-year results seen elsewhere, even though its latest 3-month performance is better than the benchmark. The two views are not identical: the fund has shown some near-term resilience against the index, but it still trails the better recent performers in this peer list.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Larsen & Toubro Ltd. | Infrastructure | 5.97% |
| Adani Ports and Special Economic Zone Ltd. | Logistics | 4.95% |
| NTPC Ltd. | Power | 3.78% |
| Interglobe Aviation Ltd. | Aviation | 3.45% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 3.35% |
| Shiprocket Ltd. | Domestic Equities | 3.14% |
| Kusumgar Ltd. | Textile | 3.11% |
| Lodha Developers Ltd. | Realty | 3.10% |
| JSW Energy Ltd. | Power | 2.99% |
| Power Finance Corporation Ltd. | Finance | 2.90% |
The top 10 holdings account for approximately 36.74% of the portfolio.
To see all holdings, visit the Mirae Asset Infrastructure Fund Direct Growth Plan page
The largest holding, Larsen & Toubro Ltd., is 5.97%, which is meaningful but not overwhelming on its own. The rest of the list steps down fairly gradually into the 2.90% area, so the top positions appear spread across several names rather than dominated by one very large holding.
At the same time, the displayed holdings still account for about 36.74% of the portfolio, and the full set includes 45 holdings. That combination suggests a portfolio with a visible core but also a long tail of smaller positions. In our view, that structure may reduce single-stock dependence while still leaving the fund sensitive to the fortunes of infrastructure, power, logistics and related theme areas.
The presence of multiple mid-sized positions such as Adani Ports, NTPC, Interglobe Aviation, Bharat Heavy Electricals and JSW Energy also indicates that the fund’s outcome may be influenced by several different businesses rather than by just one anchor position.
Source data date: as of 16 Sep 2026
Who should invest
This fund is best viewed by investors who can handle High Risk exposure and who are comfortable with a theme-led portfolio that may move differently from the broader market. The near-term return record is still uneven, and the lack of a long multi-year track record means the fund is better suited to a patient horizon than to short holding periods.
The main trade-off is between potential theme participation and return stability. The portfolio is concentrated enough that a few positions may matter, but it also has a longer tail of holdings, so outcomes may depend on how the infrastructure and power cycle evolves over time. Investors who want smoother, benchmark-like behaviour may find this style less suitable.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil upto 15% of units and 1% for remaining units on or before 365D, Nil after 365.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Mirae Asset Infrastructure Fund Direct Growth Plan?
The current NAV is ₹11.129 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 0%, the 3-year return is 0.76% and the 5-year return is 0%.
How has the fund done against the benchmark recently?
Over 1 month, the fund fell 3.49% versus a 4.41% decline for the benchmark. Over 3 months, the fund gained 0.76% while the benchmark fell 3.60%.
How does it compare with the peer funds shown here?
Its 1-year return is lower than the peer funds shown here with available one-year figures. The peer list includes one-year returns of 34.39%, 14.30%, 13.33%, 8.75% and 6.31%.
What is the minimum SIP amount?
The minimum SIP amount is ₹99.
Who manages the fund and what is the exit load?
The fund is managed by Bharti Sawant. The exit load is nil up to 15% of units and 1% for remaining units on or before 365 days, and nil after 365 days.
Bottom line
Mirae Asset Infrastructure Fund Direct Growth Plan is still building its record, so the latest performance and the longer view do not yet tell the same story. The recent 3-month result is better than the benchmark, but the 1-year return is flat and the fund does not yet have a meaningful 3-year or 5-year track record. Against the peer set shown here, the one-year return is notably weaker. Its portfolio is built around infrastructure-linked names, which gives it a clear theme but also leaves it exposed to cycle swings.
Published on 17 September 2026 at 12:47 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.