NFO Update: Mirae Asset Mutual Fund launches Mirae Asset Infrastructure Fund

Mirae Asset Mutual Fund has announced the launch of the Mirae Asset Infrastructure Fund, an open-ended equity scheme following an infrastructure theme.

The New Fund Offer (NFO) for the scheme will open for subscription on November 17 and will close on December 1. The scheme reopens on December 8, 2025.



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The scheme seeks to invest predominantly in companies that are part of India’s infrastructure landscape, including construction companies, logistics, power, telecom, building material providers, data centres, healthcare infra, and infrastructure financing entities, etc.

The minimum initial investment during the NFO is Rs 5,000 and in multiples of Re 1. The scheme will be benchmarked against the BSE India Infrastructure Total Return Index (TRI). The scheme will be managed by Bharti Sawant.

India’s infrastructure expansion has entered a multi-decadal super-cycle. The first phase (FY21–FY26) has been decisively driven by government spending, with central capex rising from Rs 4.3 lakh crore in FY21 to Rs 11.2 lakh crore in FY26 (Budget Estimates). Strategic initiatives such as PM Gati Shakti, Bharatmala, Sagarmala, Smart Cities, NIP, and NLMP have laid a strong foundation for logistics, energy, and digital connectivity. The next phase of this growth story is set to be propelled by a surge in private capital expenditure, according to a press release by the fund house.

“The coming decade is poised to be driven by robust private capex and sustained government investment, powered by Production Linked Incentives (PLI), import substitution measures, and a strong push towards domestic electronics and digital infrastructure. This momentum is set to spill over through the value chain from construction materials and equipment manufacturing to Engineering, Procurement, and Construction (EPC) services and logistics—cementing infrastructure as a long-term structural growth theme," said Bharti Sawant, Fund Manager, Mirae Asset Investment Managers (India).

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Policy certainty and long-term capex visibility, combined with improving business metrics and scale efficiencies, are setting the stage for the next wave of infrastructure growth. As capacity utilisation nears the 80% threshold, private capex revival gains momentum. Meanwhile, deepening domestic manufacturing through PLI schemes and the accelerating convergence of digital and physical ecosystems are driving productivity and formalisation—key reasons behind our constructive view on the infrastructure theme, the release said.

The scheme is suitable for investors who are looking to generate wealth by investing for the long term. The scheme will invest a minimum of 80% of net assets in equity and equity-related instruments of companies that are engaged in or are expected to benefit from the growth and development of the infrastructure sector in India. It also has the provision to invest up to 10% of net assets in units of REITs and InvITs, with the remainder invested in debt and money market instruments.