UTI Infrastructure Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

UTI Infrastructure Fund Direct Growth Plan has a NAV of ₹151.0327 as of 09 Sep 2026 and a scheme AUM of ₹2,117 Cr. Its 1-year, 3-year and 5-year returns are 4.6%, 12.96% and 13.5%, and it carries a High Risk label. Our view is that this is a fund for investors who can live with sharp swings and want exposure to an infrastructure-oriented portfolio, but the recent 1-year pace has been much softer than the longer-term compounding trend.

It is not a low-volatility holding, and the latest short-term reading is also weaker than the benchmark. The better 3-year and 5-year numbers suggest the fund has still created value over a fuller holding period, but the pattern calls for patience rather than short-term expectations.

Quick facts

Particular	Details
NAV	₹151.0327 as of 09 Sep 2026
AUM	₹2,117 Cr
Expense Ratio	1.9%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 30D, Nil after 30D
Fund Managers	Deepesh Agarwal

The fund is managed by Deepesh Agarwal.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.45%	-4.69%
3M	3.02%	0.93%
1Y	4.6%	-7.16%
3Y	12.96%	6%
5Y	13.5%	5.87%

The recent pattern is mixed but not broken. Over the last month, the fund declined, yet it still fell less than the benchmark, which means relative resilience even in a weak patch. The 3-month figure is better than the benchmark by a clear margin, so the short-term picture is not uniformly soft.

The more important point is the difference between the last year and the longer horizon. The fund’s 1-year return remains positive while the benchmark is negative, which tells us it handled a difficult market backdrop better than the index. That said, the 1-year result is still far below the fund’s 3-year and 5-year pace, so the near-term trend has slowed materially.

Over 3 years and 5 years, the fund has compounded at 12.96% and 13.5% respectively, versus 6% and 5.87% for the benchmark. Our read is that the strategy has rewarded patient holding periods, even though the shorter windows show more uneven movement. That combination fits a cyclical equity fund: it can lag or wobble in stretches, but the longer record has been stronger than the benchmark.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD UTI 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
UTI Infrastructure Fund Direct Growth Plan	4.6%	12.96%	13.5%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	71.49%	36.55%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	30.08%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.85%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.6%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	27.47%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the 1-year measure, the fund trails the strongest peer returns in this set by a wide gap, even though it stays positive while the benchmark is negative. That makes the recent picture decent in absolute terms but modest against the peer set’s more aggressive short-term gains. The 3-year and 5-year record is more balanced: the fund has available medium-term and longer-term figures, and both are stronger than the benchmark’s corresponding returns. Several peers in this set do not have 3-year or 5-year numbers available, so the longer-horizon comparison is more limited, but the fund’s own 3-year and 5-year history still supports a steadier long-term case than the recent 1-year number suggests.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Eq – Bharti Airtel Ltd.	Telecom	12.73%
Eq – Larsen & Toubro Ltd.	Infrastructure	9.11%
Eq – Reliance Industries Ltd.	Crude Oil	8.49%
Eq – Ultratech Cement Ltd.	Construction Materials	4.26%
Eq – Adani Ports and Special Econo	Logistics	4.15%
Eq – Interglobe Aviation Ltd	Aviation	3.53%
Eq – Oil & Natural Gas Corporation	Crude Oil	3.37%
Eq – NTPC Ltd.	Power	3.32%
Eq – Axis Bank Ltd.	Bank	2.78%
Eq – Hindustan Aeronautics Ltd	Capital Goods	2.32%

The top 10 holdings account for approximately 54.06% of the portfolio.

To see all holdings, visit the UTI Infrastructure Fund Direct Growth Plan page

The largest holding is Bharti Airtel Ltd. at 12.73%, which is a meaningful position and may influence the fund’s short-term behaviour. The next few names are also sizable, but the drop from the first to the tenth holding shows that weight is spread across several positions rather than resting on a single stock.

Because the displayed top 10 still account for 54.06% of the portfolio and the full disclosed list includes 46 holdings, the fund appears to balance concentration and breadth. In our view, that makes it likely to have greater influence from the largest positions, while still leaving room for a longer tail of holdings to contribute. The sector mix across telecom, infrastructure, crude oil, cement, logistics, aviation, power, banking and capital goods also suggests the portfolio is not tied to one narrow theme.

Source data date: as of 09 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk equity volatility and who are willing to hold for a medium-to-long horizon. The 3-year and 5-year returns are more convincing than the 1-year figure, so the fund looks better aligned with patient capital than with short-term return chasing.

The main trade-off is that the fund has behaved unevenly in the near term, even though its longer record is stronger than the benchmark. Investors who want a focused infrastructure-flavoured equity fund may find the portfolio mix appealing, but they need comfort with swings in performance and the possibility that short stretches may lag more aggressive peers.

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: 1% if units are sold on or before 30 days. No exit load after 30 days.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of UTI Infrastructure Fund Direct Growth Plan?
The current NAV is ₹151.0327 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 4.6%, its 3-year return is 12.96%, and its 5-year return is 13.5%.

How has it performed against the benchmark?
It has outpaced the Nifty 50 over 3 years and 5 years, and it has also stayed positive over 1 year while the benchmark was negative. Over 1 month, it fell less than the benchmark.

How does it compare with the peer funds listed here?
Its 1-year return is much lower than the strongest peer figures in the comparison set, but its 3-year and 5-year record remains stronger than the benchmark. Some peer funds do not have longer-horizon figures available.

Is there a minimum SIP amount?
No minimum SIP amount is stated here.

Who manages the fund and what is the exit load?
The fund is managed by Deepesh Agarwal. The exit load is 1% if units are sold on or before 30 days, and there is no exit load after 30 days.

Bottom line

UTI Infrastructure Fund Direct Growth Plan has a mixed near-term picture but a stronger 3-year and 5-year history. It has also stayed ahead of the benchmark over those longer periods, while the most recent 1-year result has slowed. The portfolio is fairly spread out across 46 holdings, although the top positions still carry meaningful weight. For investors who are comfortable with High Risk equity exposure and can hold through uneven stretches, the fund’s longer-term compounding record is the key strength.

Published on 10 September 2026 at 4:00 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.