April 30, 2026
RA Jainee
LIC MF Infrastructure Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 59.33 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 58.25 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 200 |
| Min. No of Cheques | 30 |
| Benchmark | NIFTY Infrastructure TRI |
| AUM Rs. | 905 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.01% |
| 1 Year Return (%) | 16.56 |
| 3 Year Return (%) | 31.16 |
| 5 Year Return (%) | 26.99 |
| 10 Year Return (%) | 18.20 |
| Return Since Launch | 15.70% |
⚖️ Sahifund Review ✔
PLUS:
• Consistent long-term performance across market cycles, making it reliable for wealth creation
• Has demonstrated ability to match or beat benchmark over longer periods
• Competitive expense ratio enhances compounding returns for long-term investors
• Well-diversified portfolio reduces concentration risk and ensures stability
• Suitable for SIP investing, especially for disciplined long-term accumulation
• Backed by a credible fund house with strong research and governance framework
• Balanced allocation across market caps supports risk-adjusted returns
• Category relevance remains high for investors seeking steady equity exposure
MINUS:
• Recent performance may lag peers, especially during momentum-driven markets
• Short-term returns can be inconsistent, affecting investor sentiment
• Higher portfolio turnover in some phases can increase costs
• Large-cap bias or defensive positioning may limit upside in bull runs
• Can underperform aggressive or thematic funds in strong markets
• Limited differentiation compared to top-performing peers in the category
• Moderate volatility still exists despite diversification
• Requires patience, as returns may not be exciting in the short term
Sahifund View (Decisive Line):
A dependable long-term wealth creator with stability and balance, but best suited for patient SIP investors rather than those chasing quick or high-momentum returns.
👉 Apply Online | Ask Us MF Queries |
| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Infrastructure funds in our opinion, because:
• They have a narrow focus on only infrastructure related companies
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme aims to invest in equity/equity related securities of the companies which are engaged either directly or indirectly in the infrastructure sector.
Fund Manager:
1) Mahesh Bendre
Education: Mr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)
Experience: Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities
2) Sumit Bhatnagar
Education: Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience: Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 200 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 30 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption within 90 days |
Basic Details of LIC MF Infrastructure Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 02-Jan-13 |
| Return Since Launch | 15.70% |
| Benchmark | NIFTY Infrastructure TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 905 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.01% |
| (As on 31-Mar-2026) | |
| Risk Grade | Average |
| Return Grade | High |
| Turnover | 73.00% |
LIC MF Infrastructure Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Infrastructure Dir | 4.59 | -0.38 | 10.99 | 12.42 | 2.73 | 16.56 | 31.16 | 26.99 | 21.47 | 18.20 |
| BSE India Infrastructure TRI | 7.54 | -0.19 | 16.96 | 14.95 | 4.13 | 7.33 | 31.25 | 26.88 | 20.18 | 17.58 |
| Equity: Thematic-Infrastructure | 3.72 | -0.81 | 11.86 | 11.18 | 2.15 | 10.43 | 25.04 | 23.98 | 20.17 | 17.55 |
| Rank within category | 11 | 1 | 14 | 11 | 10 | 3 | 1 | 3 | 8 | 8 |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 21 | 19 | 19 | 19 | 19 |
Peer Comparison of LIC MF Infrastructure Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| LIC MF Infrastructure Dir | 4 star | 16.56 | 31.16 | 26.99 | 1.01 | 905 | 15.70 | 1.00 (90) | 13Y 3M | 73.00 |
| ICICI Pru Infrastructure Dir | 5 star | 9.87 | 25.38 | 28.29 | 1.18 | 7,554 | 16.58 | 1.00 (15) | 13Y 3M | 61.00 |
| DSP India T.I.G.E.R. Dir | 4 star | 17.35 | 28.79 | 27.00 | 0.89 | 4,979 | 16.78 | 1.00 (364) | 13Y 3M | 22.00 |
| Franklin Build India Dir | 5 star | 10.85 | 27.99 | 26.26 | 0.99 | 2,858 | 20.89 | 1.00 (365) | 13Y 3M | 22.32 |
| HDFC Infrastructure Dir | 4 star | 5.37 | 26.65 | 26.09 | 1.19 | 2,132 | 12.32 | 1.00 (30) | 13Y 3M | 12.21 |
LIC MF Infrastructure Fund Portfolio
| No. of Stocks | 64 |
| Top 10 Stocks | 31.23% |
| Top 5 Stocks | 17.83% |
| Top 3 Sectors | 67.20% |
| Portfolio P/B Ratio | 3.26 |
| Portfolio P/E Ratio | 16.82 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 37,210 | 1,26,660 |
| Giant (%) | — | — |
| Large (%) | 41.34 | 57.82 |
| Mid (%) | 12.32 | 16.70 |
| Small (%) | 46.34 | 28.19 |
| Tiny (%) | — | — |
Apply Online: https://online.licmf.com or https://www.licmf.com/fund-overview/All
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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