Mirae Asset Infrastructure Fund

Mirae Asset Infrastructure Fund delivered a calendar year return of 13.48% in 2026, a notable recovery from the modest 2.19% in 2025. The fund's SIP XIRR data is not available, so a like-for-like comparison against the category averages (15.91% for 1Y and 17.72% for 3Y) cannot be made. Investors should note that the strong 2026 performance follows a weak prior year, which is typical of cyclical thematic funds.

The fund's maximum drawdown of -0.12% with a 40-day duration and an 18-day recovery suggests very low measured drawdown risk over the observed period, with only one drawdown event exceeding 10%. However, the average drawdown of -0.02% indicates the measurement window may be short and may not capture the full volatility of an infrastructure theme. As a thematic fund, it should be expected to carry higher cyclicality than diversified equity funds.

Detailed holdings and sector allocation data are not provided for this fund. As an infrastructure thematic fund, its portfolio is expected to be concentrated in sectors such as capital goods, construction, power, and cement, which limits diversification by design. Investors should review the current fact sheet to assess concentration levels before investing.

The category's average SIP XIRR ranges from 15.91% (1Y) to 19.43% (10Y), providing a benchmark for peer performance, but the fund's own XIRR is unavailable for direct comparison. The fund's calendar year returns show inconsistency, with a weak 2025 (2.19%) followed by a strong 2026 (13.48%). This variability is characteristic of thematic funds, which tend to be more volatile than diversified category peers.

This fund is suitable for investors with a high risk tolerance and a long time horizon of at least 5-7 years, given the cyclical nature of the infrastructure theme. It should be treated as a satellite holding within a diversified portfolio rather than a core equity allocation. Investors should be comfortable with periods of underperformance, as seen in 2025, and consider a SIP approach to manage timing risk.

• Strong 2026 calendar year return of 13.48%, showing the fund can capitalize on infrastructure sector momentum
• Low measured maximum drawdown of -0.12% with a quick 18-day recovery, indicating resilience in the observed period
• Competitive expense ratio of 0.75% for a thematic fund in the direct plan

• SIP XIRR and rolling return data are unavailable, preventing direct comparison with category averages of 15.91% (1Y) and 17.72% (3Y)
• Highly inconsistent calendar year returns, with 2025 delivering only 2.19% versus 13.48% in 2026, reflecting the cyclical nature of the infrastructure theme
• Thematic concentration means the fund lacks diversification and should not be used as a core portfolio holding