Mirae Asset Infrastructure Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹10.7340 | — | — | — | — |
| Regular Growth | ₹10.6570 | +2.74% | — | — | — |
| Direct IDCW | ₹10.7330 | — | — | — | — |
| Regular IDCW | ₹10.6590 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Voltamp Transformers Ltd. | 2.12% |
| Welspun Corp Ltd. | 1.87% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Larsen & Toubro Ltd. INE018A01030 | 7.98% |
| 2 | NTPC Ltd. INE733E01010 | 7.00% |
| 3 | Adani Ports and Special Economic Zone Ltd. INE742F01042 | 6.82% |
| 4 | Power Finance Corporation Ltd. INE134E01011 | 4.75% |
| 5 | JSW Energy Ltd. INE121E01018 | 4.02% |
| 6 | Interglobe Aviation Ltd. INE646L01027 | 3.70% |
| 7 | Bharat Electronics Ltd. INE263A01024 | 3.24% |
| 8 | Delhivery Ltd. INE148O01028 | 3.15% |
| 9 | Bharti Airtel Ltd. INE397D01024 | 3.12% |
| 10 | Kalpataru Projects International Ltd. INE220B01022 | 2.98% |
| 11 | Bharat Heavy Electricals Ltd. INE257A01026 | 2.89% |
| 12 | Lodha Developers Ltd. INE670K01029 | 2.85% |
| 13 | TREPS | 2.83% |
| 14 | Hindustan Aeronautics Ltd. INE066F01020 | 2.78% |
| 15 | Torrent Power Ltd. INE813H01021 | 2.62% |
| 16 | Solar Industries India Ltd. INE343H01029 | 2.44% |
| 17 | BlackBuck Ltd. INE0UIZ01018 | 2.27% |
| 18 | Voltamp Transformers Ltd. INE540H01012 | 2.12% |
| 19 | Prestige Estates Projects Ltd. INE811K01011 | 2.10% |
| 20 | CG Power and Industrial Solutions Ltd. INE067A01029 | 2.08% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Infrastructure Fund hold?
Mirae Asset Infrastructure Fund holds 41 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 30.56% of NAV.
What is the largest holding in Mirae Asset Infrastructure Fund?
The largest position in Mirae Asset Infrastructure Fund is Larsen & Toubro Ltd., accounting for 7.98% of NAV in the Construction sector.
Is Mirae Asset Infrastructure Fund a concentrated or diversified fund?
With a Gini coefficient of 0.367, Mirae Asset Infrastructure Fund is well-diversified. The HHI concentration index is 34,769 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 30.56% of the portfolio.
What is the market cap allocation of Mirae Asset Infrastructure Fund?
Based on SEBI's AMFI classification, Mirae Asset Infrastructure Fund's equity portfolio is split as: Large Cap: 59.48%, Mid Cap: 17.48%, Small Cap: 19.58%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Infrastructure Fund invest in most?
Mirae Asset Infrastructure Fund has the highest allocation to Power (13.63%), Electrical Equipment (11.79%), Construction (10.96%). The fund is invested across 20 sectors in total.
How actively managed is Mirae Asset Infrastructure Fund compared to other Sectoral / Thematic funds?
Mirae Asset Infrastructure Fund has an Active Share of 82.67%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Mirae Asset Infrastructure Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Infrastructure Fund added 2 new stocks (including Voltamp Transformers Ltd.). Total holding count increased from 41 to 43 stocks.