Funds/Sectoral / Thematic/Mirae Asset Infrastructure Fund

Mirae Asset Infrastructure Fund

Mirae Asset Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund maintains a concentrated bet on India's infrastructure expansion, with nearly half its portfolio in the top ten holdings. Power generation and related equipment dominate, reflecting conviction in energy security themes, while construction and transport services exposure positions it for project execution tailwinds. Recent trimming of aviation and construction bellwethers in favor of cash and niche players like transformer manufacturers suggests the manager is rotating toward less crowded pockets within the infrastructure narrative rather than losing conviction overall.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹10.6270	—	—	—	—	—	—
Regular Growth	₹10.5510	+4.94%	+3.33%	—	—	—	—
Direct IDCW	₹10.6260	—	—	—	—	—	—
Regular IDCW	₹10.5530	—	—	—	—	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

30.56%

Top 10 Weight

46.75%

Active Share

—

Large Cap

59.48%

Gini

0.367

What Changed2026-03-31 → 2026-04-30

Holdings: 41 → 43+2 added−0 removed24 weight shifts ≥ 0.1%

Stock	Sector	Weight
Voltamp Transformers Ltd.	Electrical Equipment	2.12%
Welspun Corp Ltd.	Industrial Products	1.87%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Larsen & Toubro Ltd. INE018A01030	Construction	EQUITY	7.98%
2	NTPC Ltd. INE733E01010	Power	EQUITY	7.00%
3	Adani Ports and Special Economic Zone Ltd. INE742F01042	Transport Infrastructure	EQUITY	6.82%
4	Power Finance Corporation Ltd. INE134E01011	Finance	EQUITY	4.75%
5	JSW Energy Ltd. INE121E01018	Power	EQUITY	4.02%
6	Interglobe Aviation Ltd. INE646L01027	Transport Services	EQUITY	3.70%
7	Bharat Electronics Ltd. INE263A01024	Aerospace & Defense	EQUITY	3.24%
8	Delhivery Ltd. INE148O01028	Transport Services	EQUITY	3.15%
9	Bharti Airtel Ltd. INE397D01024	Telecom - Services	EQUITY	3.12%
10	Kalpataru Projects International Ltd. INE220B01022	Construction	EQUITY	2.98%
11	Bharat Heavy Electricals Ltd. INE257A01026	Electrical Equipment	EQUITY	2.89%
12	Lodha Developers Ltd. INE670K01029	Realty	EQUITY	2.85%
13	TREPS		CASH_EQUIVALENT	2.83%
14	Hindustan Aeronautics Ltd. INE066F01020	Aerospace & Defense	EQUITY	2.78%
15	Torrent Power Ltd. INE813H01021	Power	EQUITY	2.62%
16	Solar Industries India Ltd. INE343H01029	Chemicals & Petrochemicals	EQUITY	2.44%
17	BlackBuck Ltd. INE0UIZ01018	Transport Services	EQUITY	2.27%
18	Voltamp Transformers Ltd. INE540H01012	Electrical Equipment	EQUITY	2.12%
19	Prestige Estates Projects Ltd. INE811K01011	Realty	EQUITY	2.10%
20	CG Power and Industrial Solutions Ltd. INE067A01029	Electrical Equipment	EQUITY	2.08%

Sector Allocation

Power13.6%

Electrical Equipment11.8%

Construction11.0%

Transport Services10.8%

Transport Infrastructure6.8%

Aerospace & Defense6.0%

Realty4.9%

Finance4.8%

Industrial Products4.5%

Telecom - Services4.5%

Top 10 sectors by % to NAV. Excludes derivatives.