LIC MF Infrastructure Fund
Direct · GrowthAI Summary
LIC MF Infrastructure Fund has delivered strong SIP XIRR across horizons, with 3Y at 23.9% and 5Y at 21.73%, consistently outpacing the category average SIP XIRR of 16.22% (3Y) and 17.45% (5Y). Against the NIFTY 50, the fund shows substantial alpha across all windows, including 15.19% over 3Y and 15.33% over 5Y, with lump-sum CAGR of 20.55% versus the benchmark's 5.44% over 3Y. However, recent performance has softened, with calendar year returns of -3.13% in 2025 and just 2.0% in 2026.
The fund has a beta below 1 across most windows (0.92-0.97) and favorable downside capture (80.7% over 5Y), indicating it has historically fallen less than the NIFTY 50 in weak markets. Seven drawdown events exceeding 10% reflect meaningful cyclical volatility typical of sectoral funds, and the 290-day recovery from max drawdown suggests patience is required after sharp corrections. Strong alpha and Calmar ratios of 0.41-0.50 across horizons indicate solid risk-adjusted returns despite this volatility.
The 49-stock portfolio is reasonably diversified at the stock level, with the top holding Tata Motors Passenger Vehicles at just 5.06% of NAV. Sector allocation is notably broad for an infrastructure fund, led by Auto Components (11.3%), Industrial Products (10.6%), Automobiles (8.8%), Banks (7.5%), and Power (6.3%), with significant exposure to autos and industrials rather than pure infrastructure plays. This diversified approach reduces single-sector risk but means returns may diverge from a traditional infrastructure theme.
The fund clearly leads its Sectoral/Thematic category, beating the category average SIP XIRR in every period shown, including 19.68% versus 16.44% over 10Y. Long-term alpha versus NIFTY 50 remains positive even over 15Y (4.53%), showing sustained outperformance through multiple market cycles. The recent two-year stretch of flat-to-negative calendar returns, however, suggests the fund is in a weaker phase after exceptional 2021-2024 gains.
This fund suits aggressive investors comfortable with sectoral/thematic volatility who want tactical or satellite exposure to India's infrastructure, capex, and industrials cycle, not core portfolio holdings. A horizon of at least 5-7 years is advisable, given drawdowns exceeding 10% and recovery periods approaching a year. Investors should be prepared for multi-year stretches of underperformance, as seen in 2025-2026, and should size the position modestly within a diversified portfolio.
- Consistent outperformance versus category average SIP XIRR across all horizons, including 23.9% versus 16.22% over 3Y and 19.68% versus 16.44% over 10Y
- Strong alpha versus NIFTY 50 across every window, with downside capture as low as 80.7% over 5Y indicating resilience in falling markets
- Diversified 49-stock portfolio with a moderate top holding of 5.06%, reducing single-stock concentration risk
- Recent momentum has faded sharply, with calendar year returns of -3.13% in 2025 and only 2.0% in 2026 after peak gains of 48%+ in 2021-2024
- Seven drawdown events exceeding 10% and a 290-day recovery from max drawdown highlight the high volatility inherent in a sectoral/thematic fund
Generated on 26-10-2026, 2:12 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.86 L | 21.7% | -59.5% | 126.8% |
| 3 Years | ₹36.00 L | ₹45.70 L | 17.7% | -23.6% | 56.1% |
| 5 Years | ₹60.00 L | ₹93.57 L | 17.9% | -10.8% | 43.9% |
| 7 Years | ₹84.00 L | ₹1.51 Cr | 18.1% | -4.3% | 33.0% |
| 10 Years | ₹1.20 Cr | ₹3.53 Cr | 19.6% | 12.4% | 25.0% |
| 12 Years | ₹1.44 Cr | ₹4.91 Cr | 19.2% | 17.1% | 22.1% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 21.7% | 14.3% | 10.6% | +7.4% |
| 3 Years | 17.7% | 11.0% | 16.2% | +6.7% |
| 5 Years | 17.9% | 10.4% | 17.4% | +7.5% |
| 7 Years | 18.1% | 10.6% | 16.6% | +7.5% |
| 10 Years | 19.6% | 11.4% | 16.4% | +8.2% |
| 12 Years | 19.2% | 11.3% | 15.8% | +7.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.9% | 14.4% | -32.3% | 97.3% | 0.51 | 1.58 | 75% | — | — |
| 3 Years | 17.4% | 16.0% | -8.3% | 42.0% | 0.95 | 3.95 | 93% | — | — |
| 5 Years | 16.4% | 13.7% | -4.2% | 37.9% | 1.05 | 5.83 | 98% | — | — |
| 10 Years | 16.5% | 17.1% | 11.8% | 20.0% | 5.50 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +10.73 | 0.96 | 98.6% | 83.1% | 0.5% | -10.9% |
| 3 Years | +14.64 | 1.07 | 111.4% | 93.5% | 21.0% | 6.4% |
| 5 Years | +14.01 | 0.95 | 98.6% | 81.0% | 19.2% | 5.2% |
| 7 Years | +11.26 | 0.92 | 95.2% | 83.0% | 21.0% | 10.0% |
| 10 Years | +6.82 | 0.92 | 94.0% | 85.7% | 16.9% | 10.3% |
| 12 Years | +5.58 | 0.94 | 94.8% | 87.9% | 14.4% | 9.0% |
| 15 Years | +4.49 | 0.96 | 97.3% | 91.4% | 13.8% | 9.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Tata Motors Passenger Vehicles Ltd. | 4.73% |
| 2 | The Phoenix Mills Ltd. | 3.31% |
| 3 | Tata Motors Ltd. | 3.30% |
| 4 | Garware Hi-Tech Films Ltd. | 3.19% |
| 5 | Larsen & Toubro Ltd. | 2.99% |
| 6 | Tenneco Clean Air India Ltd. | 2.78% |
| 7 | Tata Power Company Ltd. | 2.56% |
| 8 | KSH International Ltd. | 2.47% |
| 9 | Sansera Engineering Ltd. | 2.44% |
| 10 | Bharat Forge Ltd. | 2.33% |