LIC MF Infrastructure Fund vs HDFC Defence Fund
LIC MF Infrastructure Fund (Direct) and HDFC Defence Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Sectoral/ Thematic schemes — see the best sectoral & thematic mutual funds for the full ranking.
Head to head
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 02 Jun 2023 – 20 Aug 2026, limited by HDFC Defence Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | LIC MF Infrastructure Fund | HDFC Defence Fund | Nifty 500 |
|---|---|---|---|
| 02 Jun 2023 | ₹100.00 | ₹100.00 | ₹100.00 |
| 08 Sep 2023 | ₹119.27 | ₹125.03 | ₹110.60 |
| 15 Dec 2023 | ₹132.37 | ₹148.48 | ₹121.09 |
| 22 Mar 2024 | ₹145.54 | ₹161.76 | ₹126.46 |
| 28 Jun 2024 | ₹195.93 | ₹236.80 | ₹142.68 |
| 04 Oct 2024 | ₹200.89 | ₹213.76 | ₹148.85 |
| 10 Jan 2025 | ₹193.46 | ₹205.03 | ₹137.87 |
| 17 Apr 2025 | ₹173.97 | ₹205.93 | ₹137.13 |
| 24 Jul 2025 | ₹202.41 | ₹244.88 | ₹147.37 |
| 30 Oct 2025 | ₹205.85 | ₹253.36 | ₹150.79 |
| 05 Feb 2026 | ₹199.79 | ₹242.00 | ₹148.07 |
| 14 May 2026 | ₹211.88 | ₹283.63 | ₹143.02 |
| 20 Aug 2026 | ₹225.49 | ₹315.70 | ₹148.71 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
LIC MF Infrastructure Fund and HDFC Defence Fund share 7% of their equity book by weight.
Shared holdings — LIC MF Infrastructure Fund vs HDFC Defence Fund
| Stock | LIC MF Infrastructure Fund | HDFC Defence Fund | |
|---|---|---|---|
| Bharat Dynamics Ltd | 2.79% | 4.31% | 2.79% |
| Hindustan Aeronautics Ltd | 1.28% | 11.59% | 1.28% |
| Bharat Forge Ltd | 1.10% | 14.88% | 1.10% |
| Bharat Electronics Ltd | 1.07% | 15.19% | 1.07% |
| Tata Motors Ltd | 3.66% | 0.45% | 0.45% |
5 shared of 54 / 22 positions. Weights are shown as a share of each fund's equity book.
| Metric | LIC · Direct NAV ₹64.26 Very High risk ★★★☆☆ | HDFC · Direct NAV ₹31.60 Very High risk ★★★★☆ | Category median Sectoral/ Thematic · 252 funds |
|---|---|---|---|
| +15.18% | +32.71%Best in row | +7.23% | |
| +26.71% | +41.54%Best in row | +16.94% | |
| +24.24% | — | +14.70% | |
| +17.98% | — | +15.10% | |
| +15.99% | +42.95%Best in row | +14.07% | |
| +23.61% | +33.57%Best in row | — | |
| +17.32% | +42.40%Best in row | +17.59% | |
| +16.23% | — | +16.29% | |
| +16.43% | — | +16.00% | |
| Risk | |||
| 19.95%Best in row | 25.93% | 15.69% | |
| 1.01 | 1.35Best in row | 0.52 | |
| 1.36 | 1.86Best in row | 0.73 | |
| -39.58% | -34.54%Best in row | -23.08% | |
| +11.40% | +21.68%Best in row | +4.66% | |
| 1.25 | 1.61 | 0.96 | |
| 150.2% | 193.2%Best in row | 109.1% | |
| 107.5%Best in row | 111.0% | 91.0% | |
| 1.34% | 0.89%Best in row | 1.14% | |
| ₹1,062Cr | ₹9,371Cr | ₹1,161Cr | |
| Up to 1.00% | 1.00% | — | |
| ₹200 | ₹100 | — | |
| ₹5.00K | ₹123 | — | |
| 53% | 11% | 45% | |
| Yogesh Patil | Dhruv Muchhal | — | |
| 02 Jan 2013 | 02 Jun 2023 | — | |
| 54 | 22 | — | |
| 31.4% | 80.7% | — | |
| 4.0% | 2.2% | — | |
2 rows carry the same value for every fund — show
- Benchmark
- Nifty 500
- Lock-in
- None
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — LIC MF Infrastructure Fund or HDFC Defence Fund?
Over the last 3 years, HDFC Defence Fund returned +41.54% CAGR against LIC MF Infrastructure Fund's +26.71%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — LIC MF Infrastructure Fund or HDFC Defence Fund?
HDFC Defence Fund has the lower expense ratio: LIC MF Infrastructure Fund charges 1.34% a year against HDFC Defence Fund's 0.89%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — LIC MF Infrastructure Fund or HDFC Defence Fund?
HDFC Defence Fund has shown higher volatility (+25.93% annualized vs LIC MF Infrastructure Fund's +19.95%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: LIC MF Infrastructure Fund -26.68% vs HDFC Defence Fund -34.54%.
Which fund manages more money — LIC MF Infrastructure Fund or HDFC Defence Fund?
HDFC Defence Fund is the larger fund: LIC MF Infrastructure Fund manages ₹1,062Cr against HDFC Defence Fund's ₹9,371Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are LIC MF Infrastructure Fund and HDFC Defence Fund in the same category?
Yes — both are Sectoral/ Thematic schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.