Mirae Asset Infrastructure Fund

Mirae Asset Infrastructure Fund delivered a calendar year return of 8.46% in 2026, up from 2.19% in 2025, indicating improving momentum. XIRR and rolling return data are not available, so a like-for-like comparison against the category average SIP XIRR of 11.72% (1Y) and 16.42% (3Y) cannot be made. Investors should note that the fund's recent calendar year returns trail the category's 1-year SIP XIRR average, though the metrics are not directly comparable.

The fund shows a maximum drawdown of only -0.12% with a short 40-day drawdown duration and an 18-day recovery, suggesting low recent volatility. However, there has been 1 drawdown event exceeding 10%, indicating the fund has experienced significant downside at some point. The average drawdown of -0.02% points to generally shallow corrections in the recent period.

Detailed holdings and sector allocation data are not provided, so specific composition analysis cannot be offered. As a thematic infrastructure fund, it is expected to carry concentrated exposure to infrastructure-related sectors such as construction, power, cement, and capital goods. Investors should verify current sector concentration before investing, as thematic funds typically lack diversification.

Without XIRR or rolling return data, the fund's relative standing against thematic category peers cannot be objectively assessed. The category averages of 16.42% (3Y) and 16.81% (5Y) SIP XIRR provide a benchmark for future comparison. The fund's modest 2025 return of 2.19% suggests it may have underperformed in weaker market phases, though 2026's 8.46% shows recovery.

This fund suits investors with high risk tolerance who already hold diversified core equity funds and want a tactical thematic allocation to India's infrastructure growth story. A time horizon of at least 5-7 years is advisable given the cyclical and concentrated nature of infrastructure investments. It should be limited to a small satellite portion (5-10%) of an overall portfolio rather than serving as a core holding.

• Low recent volatility with a maximum drawdown of just -0.12% and a quick 18-day recovery
• Improving performance momentum, with 2026 returns of 8.46% versus 2.19% in 2025
• Competitive expense ratio of 0.75% for a thematic offering from a reputable AMC

• XIRR and rolling return data are unavailable, preventing proper performance evaluation against the category average SIP XIRR of 16.42% (3Y)
• Thematic infrastructure exposure carries high sector concentration risk, with 1 historical drawdown event exceeding 10%