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Sectoral / Thematic · Equity

LIC MF Infrastructure Fund

LIC Mutual Fund Asset Management Limited
Benchmark
Nifty Infrastructure TRI
Riskometer
Very High
Size
₹1,140 cr
Allotted
24 Mar 2008
Holdings as of
30 Sep 2026

LIC MF Infrastructure Fund is a sectoral / thematic fund of LIC Mutual Fund Asset Management Limited with ₹1,140 cr under management. It is ahead of its benchmark (Nifty Infrastructure TRI) in 4 of 4 periods. Its direct plan charges 1.28% a year. Mahesh Bendre has managed it for 2.3 years.

Has LIC MF Infrastructure Fund beaten its benchmark?

Ahead of its benchmark, Nifty Infrastructure TRI, in 4 of 4 periods in AMFI's figures; +6.93% over the last year against −5.72%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−3.17% −3.60% —
3 months−3.14% −5.03% —
6 months+4.75% −1.83% —
1 year+7.48% −4.06% +11.54 pts
3 years+21.59% +9.27% +12.32 pts
5 years+20.29% +8.00% +12.29 pts
10 years+17.33% +12.69% +4.64 pts
Since start
from 2 Jan 2013
+15.38%——
Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty Infrastructure TRI) in 4 of 4 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.93%+5.51%−5.72% +12.65 🔒
3y +21.60%+20.00%+11.70% +9.90 🔒
5y +20.40%+18.91%+11.54% +8.86 🔒
10y +17.44%+16.07%+13.40% +4.04 🔒
Ahead in points a year · its rank among Sectoral / Thematic funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 14 Oct 2026
50100150200250300350400450500550 20172019202120232025
Fund 492Nifty 500 TRI 327

₹100 put in at the start of Oct 2016 would be ₹492 on 14 Oct 2026, against ₹327 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does LIC MF Infrastructure Fund cost?

1.28% a year on the direct plan, 2.62% on the regular plan; 99 of 174 funds in its category charge less.

Direct plan
1.28% a year
Category median 1.22%
Regular plan
2.62% a year
Category median 2.38%
Gap
1.34 points
for the same holdings
99 of 174 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Scheme - Sectoral/ Thematic

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages LIC MF Infrastructure Fund?

Mahesh Bendre, since 1 Jul 2024.

Mahesh Bendre
2.3 years
since 1 Jul 2024
Benchmark as filedNifty Infrastructure TRI
Exit load
12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 90 days from the date of allotment of units. 1% on remaining units if redeemed or switched out on or before completion of 90 days from the date of allotment of units. Nil, if redeemed or switched out after completion of 90 days from the date of allotment of units.
From 3 Scheme Summary Documents filed with NSE, first on 11 Apr 2026; as on 31 Aug 2026

What does LIC MF Infrastructure Fund hold?

54 holdings as of 30 Sep 2026; the ten largest are 33.3% of the fund, the largest INDO-MIM Ltd. at 5.5%.

Mix

Holdings as of 30 Sep 2026
Equity92.6%Debt0.0%Cash7.4%Other0.0%
Holdings
54
52 shares
Top ten
33.3%
of the fund
Effective holdings
39.4
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
INDO-MIM Ltd.5.54%
Tata Motors Passenger Vehicles Ltd.4.73%
The Phoenix Mills Ltd.3.31%
Tata Motors Ltd.3.30%
Garware Hi-Tech Films Ltd.3.19%

Five largest industries

% of fund
Auto Components11.8%
Industrial Products10.2%
Automobiles8.70%
Banks8.10%
Electrical Equipment7.20%

By company size

% of equity · SEBI size lists
Large Cap42.4%Mid Cap24.1%Small Cap33.5%

How does LIC MF Infrastructure Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is LIC MF Infrastructure Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker
Nearest to the Nifty 50: 76% of it differs from the index (an active fund is usually above 60%).
Active share 75.7%60%

Funds that hold much the same

% of holdings in common
LIC MF VALUE FUND54.2% the same
30 shared holdings
LIC MF MANUFACTURING FUND53.8% the same
29 shared holdings
LIC MF FOCUSED FUND52.3% the same
20 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages LIC MF Infrastructure Fund?

Mahesh Bendre (manager) since 1 Jul 2024.

What is the expense ratio of LIC MF Infrastructure Fund?

1.28% a year on the direct plan and 2.62% on the regular plan (expense report, Oct 2026).

How has LIC MF Infrastructure Fund done?

Its direct plan returned +21.60% a year over 3 years against +11.70% for its benchmark, Nifty Infrastructure TRI, as of 13 Oct 2026.

Inside the app

See LIC MF Infrastructure Fund beside your own funds in Valarth

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LIC MF Infrastructure Fund in the app: beside your own funds, with what you own through them

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