Consistency is what separates an average mutual fund from a truly standout one.
Among LIC Mutual Fund schemes, the LIC MF Infrastructure Fund – Direct Plan – Growth has quietly built a strong long-term track record.
Focused on infrastructure, this fund has delivered impressive performance over 3, 5, and 10-year periods, making it one of LIC’s best-performing schemes.
Both lump-sum investors and those investing via SIP have benefited from its growth.
Impressive Returns for Lump-Sum Investors
Investors who made a one-time investment in this fund have seen their wealth grow significantly:
| Investment Period | CAGR (%) | Value of ₹1 Lakh |
|---|---|---|
| 3 Years | 28.26% | ₹2.10 Lakh |
| 5 Years | 27.06% | ₹3.31 Lakh |
| 10 Years | 17.85% | ₹5.17 Lakh |
For example, a ₹1 lakh investment five years ago has more than tripled, showing how infrastructure-focused themes can reward patient investors during favorable cycles.
Long-Term Gains for SIP Investors
Those investing regularly through SIPs have also seen meaningful growth:
| Investment Period | CAGR (%) | SIP Value (₹10,000/month) |
|---|---|---|
| 3 Years | 17.17% | ₹4.64 Lakh |
| 5 Years | 22.03% | ₹10.36 Lakh |
| 10 Years | 19.86% | ₹34 Lakh |
These numbers highlight the power of disciplined investing over time, which helps smooth out market volatility and build substantial wealth.
Fund Overview
Launch Date: January 2, 2013
Returns since inception: 15.19%
Benchmark: NIFTY Infrastructure TRI
Assets Under Management: ₹1,003 Crore (as of Dec 31, 2025)
Expense Ratio: 0.83%
The fund follows an open-ended structure and is relatively cost-efficient for an actively managed sectoral scheme.
Risk Profile and Portfolio Composition
The fund falls under the Very High Risk category, typical for infrastructure funds.
While it offers high return potential, investors should expect short-term fluctuations.
Key risk metrics:
Mean return: 27.53%
Sharpe ratio: 1.06
Sortino ratio: 1.45
Beta: 0.67 (less sensitive to market swings than the benchmark)
The portfolio is heavily tilted towards infrastructure-related sectors, with industrials accounting for over 54% of the fund.
Other exposures include materials, energy & utilities, financials, and consumer-linked sectors.
Top stock holdings include Shakti Pumps, Tata Motors, Larsen & Toubro, REC, Apollo Hospitals, Cummins India, and Bharat Bijlee, ensuring good diversification.
What Investors Should Keep in Mind
While the fund has delivered strong returns over 3, 5, and 10 years, past performance does not guarantee future results.
Sectoral funds like infrastructure are cyclical and may underperform during certain market phases.
This fund is best suited for investors with:
A long-term horizon
High risk tolerance
It is recommended to include this fund as part of a diversified portfolio, rather than relying on it as a standalone investment.
