Mutual Fund Investment 101

Knowing how to check your mutual fund portfolio can help you keep track of your investments, their current value, annualised returns, and your overall asset allocation. You can check your mutual fund portfolio online easily through MF Central, RTAs, or AMC websites/investment apps. Checking your portfolio every 6-12 months can help you identify changes in allocation and assess if your investments are still aligned with your goals and risk tolerance levels.

Investing in mutual funds is only one part of the process. It’s equally important to know how to check your mutual fund portfolio and understand how your investments are doing over time.

Regular portfolio checks can help you track returns, review your asset allocation, and see whether your investments remain aligned with your financial goals. 

But if you’re a beginner thinking, ‘how to check my mutual fund portfolio?’ don’t worry. We’ve covered everything you need to know about the exact steps to check mutual fund portfolios online in this guide.

How to Check Your Mutual Fund Portfolio Online: 3 Easy Ways to Try

When it comes to checking mutual fund portfolios, most investors think of downloading their CAS (consolidated account statement). While CAS shows you an overview of all your funds, unit balance, NAV, and market value in one place, this information can feel limited if you may want more detailed or updated portfolio information. 

For that, you can check your mutual fund portfolio details using the following methods:

1. Through the MF Central Platform

MF Central is a unified platform created as a joint initiative by CAMS and KFintech. It offers investors a consolidated view of their mutual fund holdings (serviced by different RTAs) in one place. 

Here’s how you can check your mutual fund portfolio using MF Central:

• Step 1: Go to the MF Central website.
• Step 2: Log in using your PAN and password/OTP (Sign up if you’re not registered yet).
• Step 3: Click on the ‘Portfolio’ tab on the left panel.

You can view your total invested amount, current market value, and absolute gain or loss percentage. This section also provides a breakdown of your portfolio by asset allocation, asset class, and fund house.

2. Using Portfolio Valuation Statements 

Another way to check your mutual fund portfolio is by requesting your portfolio valuation statement through the CAMS/KFintech portal. Here’s how you can do that:

• Step 1: Go to the CAMS/KFintech portal.
• Step 2: Navigate to the MF Investors section and click on ‘Statements’.
• Step 3: Click on ‘Portfolio Valuation Statement’ for CAMS and ‘Portfolio By Email ID/PAN’ for KFintech.
• Step 4: Fill in the required details on the form, including your registered email ID/PAN, delivery options, and the password you’ll use to access the statement.
• Step 5: Wait to receive the email. 

Using the portfolio valuation statement is a good idea because it provides all the details of your MF holdings, categorised by asset class, cost value, market value, period of holding, ROI, IDCW payments (if any), and annualised yield. 

However, each RTA’s portfolio statement generally shows details for the mutual funds serviced by that RTA. So, if your holdings are spread across CAMS and KFintech, you may need to access the respective portfolio statements separately to review all your investments. 

3. Through Your Investment App

Most mutual fund investment apps also allow you to check your mutual fund portfolio online. Here’s how you can access your portfolio details using such apps:

• Step 1: Log in to the investment app by using your password and other credentials.
• Step 2: Go to the ‘Portfolio’ section of the app to see all your current holdings.
• Step 3: Check the invested value, current value, total returns, and % change in returns for the day.

The ‘Holdings’ section also gives you a breakdown of each fund held in your portfolio, showing its current value, average NAV, units, folio number, and percentage of gain/loss. Most investment apps also have a mutual fund portfolio analysis section that shows you the portfolio allocation by equity, debt, and other asset classes, as well as sectoral allocations. 

You can also access portfolio details and summary through individual AMC websites. But aggregating them all can be a hassle when it comes to mutual fund portfolio analysis.

Note: Portfolio statements may not show complete or latest details of mutual fund units held in demat form, as the information depends on data received from depositories. Please check with your Depository Participant (DP) for complete details of your demat holdings. 

Things to Look for When Checking Your Mutual Fund Portfolio

Checking your mutual fund portfolio can help you understand what you own, how your funds are performing, and whether your investments remain aligned with your goals.

Here are some key details you should look at to make your mutual fund portfolio analysis and review more useful:

1. Current vs. Invested Value

While checking your mutual fund portfolio, look at:

• The total amount you’ve invested
• The present market value of the units
• The difference between the two values to see your gains/losses

These figures will help you understand the fund’s performance since you started investing. 

2. Asset Allocation Details

Your mutual fund portfolio analysis should also review how your money is spread across asset classes like equity, debt, gold, and others. Some portfolio statements may even show you sector-wise divisions for equities. This helps you:

• See the degree of diversification in your portfolio
• Look for concentration risks in a particular asset class/segment
• Check if your allocation is still aligned to your financial goals and risk appetite

Based on these details, you can assess whether your current asset allocation has moved away from your intended allocation. If there is a significant mismatch, you may consider rebalancing the portfolio, keeping your financial goals, investment horizon, risk appetite, tax implications, and applicable exit loads in mind. 

3. Annualised XIRR

Learning how to check your mutual fund portfolio also helps you check the annualised XIRR on the investment. XIRR shows the annualised return on your investment while accounting for the amount and timing of each investment or withdrawal. This makes it particularly useful when reviewing a portfolio with multiple SIP instalments or transactions.

It gives you a clearer measure of your actual portfolio performance. For context, compare it with the relevant benchmark and similar funds over a comparable period rather than viewing the XIRR alone.

Conclusion

Conclusion

Understanding how to check your mutual fund portfolio online is pretty simple. You can check your portfolio through:

• MF Central - Includes both CAMS & KFintech holdings
• Portfolio Valuation Statement - Needs to be downloaded separately for CAMS and KFintech holdings
• Investment app - Snapshot of all your holdings across RTAs

But for proper mutual fund portfolio analysis, you also need to review your invested vs. current value, asset allocation, and XIRR. Remember, the goal is to check if your investments are performing consistently and if they still align with your goals and risk appetite.  

How to Check My Mutual Fund Portfolio FAQs

1. How can I check my mutual fund portfolio in one place?

If you have mutual fund schemes serviced by both CAMS and KFintech, you can check your mutual fund portfolio for all holdings through the MF Central platform. Just register on the platform using your PAN and log in when you need to review your portfolio. 

2. Do I need a mutual fund portfolio analysis tool to review my holdings?

That depends on your preferences. You can review details such as invested value, current value, asset allocation, and returns using portfolio statements or investment platforms. If you want more detailed insights and comparisons vis-à-vis peers and benchmarks, you may consider a mutual fund portfolio analysis.

3. How often should I check my mutual fund portfolio?

Typically, checking your mutual fund portfolio every 6 months to a year is considered ideal. This helps you see the performance of your investments and check if they are still aligned with your goals and risk appetite. 

Disclaimer:

An Investor Education and Awareness Initiative by Tata Mutual Fund . 

To know more about KYC documentation requirements and procedure for change of address, phone number, bank details, etc., please visit: https://www.tatamutualfund.com/deshkarenivesh

Please deal only with registered Mutual Funds, details of which can be verified on the SEBI website under ‘Intermediaries / Market infrastructure institutions.’

All complaints regarding Tata Mutual Fund may be directed to service@tataamc.com and/or https://scores.sebi.gov.in/ (SEBI SCORES portal) and/or https://smartodr.in/login

Nomination is advisable for all folios opened by an individual, especially with sole holding, as it facilitates an easy transmission process. 

This communication is a part of the investor education and awareness initiative of Tata Mutual Fund.

If you’ve ever thought about expanding your portfolio beyond Indian markets, overseas investing may be worth exploring. Global diversification can help you participate in international growth stories while balancing domestic market exposure.

Thanks to the LRS (Liberalised Remittance Scheme) and Gujarat International Finance Tec-City (GIFT City), now you can take your portfolio global while enjoying potential tax benefits and currency appreciation gains. So, if you’re an Indian resident investor looking for overseas MF options, keep reading this article.

Firstly, Why Should You Consider Overseas Investing via Mutual Funds?

Investing overseas through mutual funds allows you to add a global dimension to your portfolio within a regulated structure. It can help balance risks and tap into opportunities beyond domestic markets.

• Diversification benefits: Investing internationally spreads your exposure across economies, sectors, and currencies, potentially reducing dependence on and risk exposure to the domestic market.

• Access to global growth: Overseas mutual funds let you participate in trends driving major global companies and industries.

• Currency advantage: Foreign investments may benefit when global currencies strengthen against the Rupee.

• Professional management: Fund managers handle asset selection and compliance, making it easier to invest globally without direct foreign trading.

• Portfolio balance: Global exposure may help offset volatility in domestic assets, improving long-term stability.

• Ease of access: Overseas mutual funds can be accessed through domestic fund houses offering international feeder schemes.

What is GIFT City and IFSC?

GIFT City, or Gujarat International Finance Tec-City, is India’s first global financial hub located between Ahmedabad and Gandhinagar. It was built to give investors access to international markets while keeping operations within India’s regulatory framework.

Inside GIFT City lies the International Financial Services Centre (IFSC) — a special financial zone created to handle global transactions. It acts as a link between India and overseas markets.

How the IFSC Works?

Governed by the International Financial Services Centres Authority (IFSCA), which oversees all financial activity.

• Transactions take place in foreign currencies, mainly US dollars.

• Banks, brokers, and fund houses can set up IFSC branches to offer international investment options.

• For investors, this creates a smooth route to access global markets and international assets through firms set up in IFSC.

Understanding the LRS

Introduced by the RBI in 2004, the Liberalised Remittance Scheme (LRS) permits individuals (resident) to remit a sum of up to $250,000 in a given financial year (which is from April to March). This includes minors, but here the remittances need to be facilitated by a parent or guardian.


The current LRS scheme limit applies to remittances made for the following purposes:
 

• Education abroad, tuition fees, accommodation, exams or training overseas.

• Travel for personal (except Nepal or Bhutan) or business purposes, or medical treatment overseas.

• Going abroad for employment

• Emigration

• Maintenance of relatives living abroad, gifts or donations to non-residents.

• Investments abroad in shares, securities, mutual funds or real estate (even investments through GIFT City).

How Does Overseas Investment Works Through GIFT City?

When you invest in overseas assets via the GIFT City, these investments still fall under the Liberalised Remittance Scheme (LRS) and are subject to the LRS scheme limit. Here’s how you can start investing through the GIFT City:
 

• Open an IFSCA account: Start with a broker or fund house registered under the International Financial Services Centres Authority (IFSCA).
   
• Complete KYC: Submit PAN, Aadhaar, and address proof. The account is held in foreign currency, typically USD.
   
• Remit funds via LRS: Transfer money (within the LRS scheme limit of USD 250,000 per financial year) for approved overseas investments.
   
• Invest globally: Choose international mutual funds or feeder funds managed by Indian AMCs within Gujarat International Finance Tec-City (GIFT City).
   
• Track performance: Monitor your global investments alongside your domestic holdings for better diversification.

Tax Advantages and Potential Return Implications on Overseas Investments Through the GIFT City

Here’s how resident Indians may benefit from overseas investments via GIFT City under the LRS scheme:

NRIs and foreign investors can enjoy more tax benefits, including exemptions on capital gains tax resulting from gains on global/IFSC security investments.

Benefits of Investing via GIFT City

Adds international exposure and may improve diversification across countries and currencies.

• Indian residents may access these opportunities through familiar fund houses operating within the GIFT IFSC structure.

• Some transaction taxes may be reduced under the IFSC environment, potentially lowering cost of investing.

• Portfolio may be better positioned to handle domestic market risk by adding overseas assets.

• Regulation by IFSCA offers a structured framework that combines international reach with domestic compliance.

Key Considerations and Risks

Before investing through GIFT City or under the Liberalised Remittance Scheme (LRS), it is essential to understand certain practical considerations and risks.

• Currency risk: Investments denominated in foreign currencies can fluctuate in value due to changes in exchange rates.
   

• Limited fund choices: The retail GIFT City investment ecosystem is still growing.

• Evolving framework: The International Financial Services Centres Authority (IFSCA) continues to refine regulations; updates may affect fund operations or eligibility.
   

• Tax implications: While certain transaction taxes are exempt in the GIFT IFSC zone, capital gains and dividends for resident investors are still taxable under Indian income tax law.
   

• Higher minimum investments: Some funds, especially AIFs, may require higher entry amounts, limiting accessibility.
   

• LRS compliance: All remittances must follow the LRS scheme limit of USD 250,000 per financial year and adhere to FEMA guidelines.
   

• Operational complexity: The process involves foreign currency transfers, additional documentation, and KYC compliance with IFSCA-registered intermediaries.

   

Conclusion

Overseas investing via schemes through GIFT City and the LRS offers Indian resident investors a regulated and tax-efficient way to gain global diversification. The GIFT City investment pathway, backed by IFSCA regulation and Indian fund management, provides a bridge between domestic investing and international markets.

However, it should form part of your broader global diversification strategy rather than being treated as an isolated solution. Your choice of international exposure must align with your overall investment objectives, time horizon, risk appetite and existing portfolio. Use this route as one component of your comprehensive financial plan.

Disclaimer

The views expressed in this article are personal in nature and in no way trying to predict the market or to time them. These views are for information purpose only and do not express or construe to be any investment, legal or taxation advice. Please consult your Advisor/ Distributor before investing. TATA Asset Management Private Limited will not be liable in any manner for the consequences of the action taken by you. The views expressed are based on the current market scenario and are subject to change and may not reflect in the scheme/ fund portfolios of Tata Asset Management Private Limited. There are no guaranteed or assured returns under any of the schemes of Tata Asset Management Private Limited.

Securities investments are subject to market risks, read all scheme related documents carefully.
 

Under the SEBI circular - Categorisation and Rationalisation of Mutual Fund Schemes dated February 26, 2026, Gold Mutual Funds are classified/ grouped in the “Other Schemes” category. Generally, they are structured as Exchange Traded Funds (ETFs) or FoFs (Fund of Funds). Both financial products provide investors with an alternative to holding physical gold. 

How do you make a diversified mutual fund portfolio​? Generally, it is built by adding assets that behave differently under various market circumstances. For investors with significant exposure to equity or debt mutual funds, gold aims to offer an additional layer of diversification.

In India, online gold exposure can be attained through different financial products, such as Gold ETFs, Gold FoFs, and digital gold. Among these, Gold ETFs and Gold FoFs could be relevant for investors holding a mutual fund-oriented portfolio. 

Read this article to first learn what Gold ETFs and Gold FoFs are and then understand how gold exposure may potentially help to create a diversified mutual fund portfolio.

What is a Gold ETF?

A Gold ETF tracks the domestic price of gold prevailing in the market. As per SEBI regulations, they invest at least 95% of their total assets in gold, including physical gold and permitted gold-related instruments. 

The value of a Gold ETF unit is based on the domestic prices of gold. However, factors such as expenses, tracking error, and market conditions can cause some difference between the ETF’s return and the actual price movement of gold.

Since Gold ETFs are traded on stock exchanges, units can be bought or sold during market hours at prevailing market prices.

What is a Gold Fund of Fund (FoF)?

A Gold FoF is a mutual fund scheme that invests primarily in the units of a Gold ETF, rather than directly purchasing physical gold. This gives investors exposure to gold prices through a mutual fund structure.

As per SEBI regulations, a Gold FoF invests at least 95% of its total assets in units of the underlying Gold ETF. 

Since the FoF invests in a Gold ETF, its performance is influenced by the price movement of gold as well as the expenses + tracking difference of both the FoF and the underlying ETF. 

4 Ways Gold Mutual Funds May help diversify a Portfolio

Gold is not usually added to a portfolio with the expectation that it will outperform every other asset. Its role is different. Gold mutual funds may provide diversification and may help reduce concentration of portfolio to one asset class.

Thus, , investors may not view gold only as a “commodity investment”. Let’s see four different reasons how a gold ETF or FoF may help a mutual fund portfolio: 

1. Gold and Equities may be “Negatively” Correlated

Usually, gold ETFs and/or FoFs are used to  create a diversified mutual fund portfolio​. Gold has historically shown low correlation with Indian equities and many debt instruments. However, past incidents are not guaranteed and may or may not occur in future.

As per a World Gold Council Report, dated March 17, 2026, based on Bloomberg data, gold has predominantly shown a negative correlation with equities across most periods. (Source: Gold.org). Thus, during periods of market uncertainty, several investors move towards gold, which may potentially help diversify the portfolio when equity prices are under pressure. 

Thus, for an investor with a portfolio concentrated in equity schemes, potentially adding some exposure to gold through a gold mutual fund may diversify portfolio risk. However, this does not mean gold will always rise when equities fall, or that it will eliminate portfolio losses. 

2. Potential Against Inflation

Generally, when inflation rises, the cost of goods and services increases, which reduces the purchasing power of money. Particularly, this can be a concern for investors whose portfolios have a large allocation to fixed-income investments (as the income generated may not rise in proportion to the cost of living). 

Now, gold may help against inflation and may potentially help to preserve purchasing power over the long term. Its market price may increase over time as investors respond to:

• Higher inflation
• Economic uncertainty
• Currency movements, and 
• Changing demand

If gold prices potentially rise during an inflationary period, the gain from gold exposure may partly offset the decline in the real purchasing power of other portfolio holdings.

However, note that gold prices can also decline in the short-term and should not be viewed as a guaranteed protection against inflation or currency depreciation. (Source: Reuters report dated July 17, 2026)

3. An Asset with different characteristic

Gold has a different characteristic from debt investments. Gold itself does not depend on a borrower making a payment. A bond or debt instrument carries credit risk because its value ultimately depends, in part, on the issuer's ability to meet its obligations. Gold has no such issuer or repayment obligation. 

The World Gold Council describes gold market as “highly liquid” . (Source: World Gold Council 2026 report, dated February 4, 2026)

Gold exposure through a Gold ETF or Gold FoF allows an investor to participate in the gold market without directly holding physical gold. Therefore, its role can extend beyond seeking price appreciation. 

4. Gold helps Reduce Dependence on a Single Economic Outcome

A portfolio can become “vulnerable” when most investments depend on the same economic scenarios. Let’s understand how this happens:

These scenarios show that a portfolio highly concentrated around equity or debt can become dependent on particular economic conditions. Since gold has different price drivers (such as global demand, or geopolitical conditions), investing in gold mutual funds may reduce the portfolio’s dependence on any particular economic outcome.

Conclusion

So now you know what gold mutual funds are and how they may potentially support a mutual fund portfolio. If we were to revise, investors may gain exposure to online gold through these primary financial products amongst others in Mutual Fund landscape: Gold ETFs and Gold FoFs. 

A Gold ETF is an exchange-traded scheme that invests at least 95% of its total assets in gold and aims to track domestic gold prices. A Gold FoF, on the other hand, invests at least 95% of its total assets in units of an underlying Gold ETF and provides exposure to domestic gold prices through the mutual fund route.

Adding gold exposure to a mutual fund portfolio may potentially help in:

• Diversification by adding an asset with different return drivers.
• Assists to some extent in Managing portfolio risk during periods of market stress.
• Helps during inflation and rupee depreciation risks over the long term.
• Aims to Reduce dependence on one economic scenario for portfolio performance.
• Adding an alternative asset class alongside equity and debt investments.

Gold, however, does not guarantee returns or protect against losses. Investors may consider gold exposure based on their individual investment preferences, financial objectives, investment horizon, and risk profile.

For more information, you can visit www.tatamutualfund.com/deshkarenivesh . The Investor Service Centre of Tata Asset Management Pvt. Ltd. is located at Mulla House, Ground Floor, 51, M.G. Road, Near Flora Fountain, Mumbai – 400 001, Maharashtra. The office hours are Monday to Friday, 9:00 AM to 5:30 PM. For assistance, you can also call (022) 6282 7777 from Monday to Saturday, 9:00 AM to 5:30 PM, or email service@tataamc.com

Gold Mutual Funds FAQs

1. How to invest in a Gold ETF mutual fund?

The units of Gold ETFs are bought and sold on a stock exchange, just like shares. An investor generally needs a demat and trading account to transact in its units. 

Alternatively, another financial product is a Gold FoF, which can be purchased directly through the mutual fund route without a demat account. 

2. Is a Gold ETF better than buying physical gold?

A Gold ETF may offer an alternative to physical gold without concerns related to storage, security, and jewellery-making charges. However, Gold ETFs involve market-related risks, so the choice should depend on the investor's objectives, risk appetite, and preferred investment route.

3. Does investing in a Gold FoF require a demat account?

No, a Gold FoF can be purchased directly from an Asset Management Company (AMV) or through a registered broker without a demat account.

Disclaimer:

An Investor Education and Awareness Initiative by Tata Mutual Fund . 

To know more about KYC documentation requirements and procedure for change of address, phone number, bank details, etc., please visit: https://www.tatamutualfund.com/deshkarenivesh

Please deal only with registered Mutual Funds, details of which can be verified on the SEBI website under ‘Intermediaries / Market infrastructure institutions.’

All complaints regarding Tata Mutual Fund may be directed to service@tataamc.com and/or https://scores.sebi.gov.in/ (SEBI SCORES portal) and/or https://smartodr.in/login

Nomination is advisable for all folios opened by an individual, especially with sole holding, as it facilitates an easy transmission process. 

This communication is a part of the investor education and awareness initiative of Tata Mutual Fund.

Infrastructure sectoral mutual funds are a type of equity schemes that primarily invest in companies related to the infrastructure sector. These organisations may operate in several areas, such as construction or maintenance of roads, bridges, railways, airports, ports, power plants, and telecom networks.

According to SEBI (Securities and Exchange Board of India) rules, infrastructure sectoral funds must invest at least 80% of their total assets in equity and equity-related instruments of infrastructure-related companies. Some well-known examples of such companies are Larsen & Toubro and Rail Vikas Nigam.

Need more information? Read this article to first check out the primary sub-sectors that make up the infrastructure industry (as per general understanding). Next, check out key features of infrastructure sectoral funds and then explore some options offered by Tata Mutual Fund™.

What are the Various Sub-Sectors of Infrastructure Sectoral Funds?

The infrastructure sector in India includes several industries that build the foundation for the country’s growth. Each sub-sector plays a specific role, such as:

• Some create the physical framework, like roads and power plants and

• Others supply materials or manage projects
   

Together, they generate employment, improve connectivity, and lead to industrial expansion. If you’re planning to invest in a mutual fund for infrastructure sector, firstly, check out these sub-sectors to know where your money is likely to be invested (illustrative list):

• Energy

• Power & Power Equipment

• Petroleum & related industries

• Coal

• Mining

• Aluminium & other Metal Industries

• Steel & Steel Utilities

• Engineering

• Construction & Construction Related Industries

• Cement

• Transportation

• Ports

• Telecommunications

• Housing

• Banking & Financial Services & Healthcare & Related Industries.

Disclaimer: The sub-sectors may differ on a fund-by-fund basis. Investors may refer to the Scheme Information Document (SID) or other offer documents before investing. 

4 Primary Features of Infrastructure Sectoral Mutual Funds

Infrastructure funds are a type of sectoral mutual fund and focus only on companies from the infrastructure space. This sector plays a major role in a country’s economic growth, so the performance of these funds depends largely on:

• The state of the Indian economy and

• The progress/ level of infrastructure spending

Usually, when the government or private sector increases spending (say on roads, power, transport, or housing), infrastructure companies may see higher demand and profits. Now, as these companies grow, the NAV (Net Asset Value) of an infrastructure sectoral fund may also rise.

For investors, this concentration offers a chance to benefit directly from India’s long-term development cycle. However, since the focus is narrow, performance depends largely on how the sector performs rather than the overall market. 

For more clarity, also check out these other features of an infrastructure sector investment fund:
 

1. Influenced by Government Support

The infrastructure sector in India may receive consistent government attention through:

• Policies

• Incentives

• Large-scale public projects

For example, according to IBEF.org (a trust established by the Ministry of Commerce),

• In March 2024, connectivity projects worth US$1.8 billion were launched in Kolkata to boost regional connectivity.

• As per the Union Budget 2025-26, the government plans to develop 120 new airports to handle about 4 crore more passengers (Source: IBEF)

Now, such a focus may create a supportive environment for infrastructure companies and, in turn, for sectoral funds that invest in them.

2. Potential for Strong Returns

Infrastructure projects often involve large investments + long timelines. However, once operational, they may generate regular revenue, say through:

• Tolls

• Power sales

• Service charges, etc.

This may make the sector capable of delivering high returns over time (potentially). As a result, infrastructure mutual funds may particularly offer high-growth potential during “economic upcycles”. 

This might happen when rising demand for transport, energy, and urban facilities translates into higher profitability for the companies involved. However, returns are not guaranteed and depend on timely project completion and overall economic stability.

3. Exposure to Higher Risk and Volatility

Infrastructure mutual funds may be exposed to several risks, such as:

• Project delays

• Policy changes

• Funding issues

• Fluctuations in commodity prices

All these factors can directly affect company performance. Now, because of these uncertainties, infrastructure sectoral funds may show greater volatility compared to diversified equity funds.

4. May Suit Long-Term Investors

Most infrastructure projects take time to build, operate, and generate profits. For this reason, infrastructure sectoral mutual funds may be better suited for investors with a long-term horizon. 

As infrastructure projects are completed and begin generating regular income, the companies involved may become more profitable. This can increase the value of their stocks, which in turn may raise the NAV (Net Asset Value) of the sectoral fund that invests in them.

What Infrastructure Sectoral Mutual Fund Schemes are Offered by Tata Mutual Fund™?

If you are planning to invest in sectoral funds that invest in the infrastructure sector, Tata Mutual Fund™ offers two different options:

1. Nifty 500 MultiCap Infrastructure 50:30:20 Index Fund and

2. Tata Infrastructure Fund (an equity sectoral fund)

Both schemes are available in Growth and IDCW (Income Distribution cum Withdrawal Plan) options and come in Direct or Regular plans. Also, you can invest either a lump sum or start a monthly SIP. 

To further your understanding, check out both these investment options in detail:

1. Tata Nifty 500 MultiCap Infrastructure 50:30:20 Index Fund

(An open-ended scheme replicating/ tracking Nifty500 Multi-cap Infrastructure 50:30:20 Index)

This scheme is an infrastructure index fund, which may invest in companies connected to India’s infrastructure sector. The investment objective of the scheme is to provide returns, before expenses, that are in line with the performance of Nifty500 Multicap Infrastructure 50:30:20 Index (TRI), subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

For those unaware, this index tracks large-cap, mid-cap, and small-cap stocks from the Nifty 500 universe that represent the “infrastructure theme”. If we talk about weightage, the index gives:

• 50% weight to large-cap stocks

• 30% to mid-cap

• 20% to small-cap companies

Additionally, no single stock can have more than 10% weight. This index fund may try to mirror the index’s performance, but it does not guarantee returns.
 

2. Tata Infrastructure Fund

(An open-ended equity sectoral scheme investing in the Infrastructure sector)

The Tata Infrastructure Fund is an equity sectoral fund that could invest in shares of companies from India’s infrastructure sector. The fund’s performance is compared with the BSE India Infrastructure Index, which includes 30 leading infrastructure companies across five key areas:

• Energy

• Transportation

• NBFCs

• Telecommunications

• Utilities

The index may use a modified market capitalisation weighted scheme to keep exposure balanced across these sectors. 

Conclusion

So now you know that infrastructure mutual funds are sectoral funds that invest at least 80% of their assets in equity and equity-related instruments of infrastructure companies. These businesses operate across several sub-sectors such as:

• Engineering

• Real estate

• Energy

• Construction

• Power

• Metals

Such schemes are usually considered riskier than diversified mutual funds because of their narrow focus on a single sector. This concentration may lead to higher gains when the sector performs well, but it can also cause larger losses during weak phases.

If you are planning to invest in such sectoral funds, Tata Mutual Fund™ offers multiple options, such as infrastructure index funds and actively managed equity schemes.

Large-cap mutual funds are equity schemes that invest most of their investor’s money in the 100 largest companies in India by market capitalisation. By rule, they must invest at least 80% of their investor’s money in large-cap stocks. 

Usually, such companies have established businesses with the ability to generate profits. Most investors consider large-cap funds for long-term investing as they can offer potential stability to the portfolio. 

But how do you choose the right large-cap mutual fund scheme? There are several parameters you can consider, such as the Sharpe Ratio, the expense ratio, the fund manager’s track record, and more. 

Need help? In this article, let’s understand several parameters that can help you pick the right large-cap mutual fund. Also, we will learn about flexi-cap funds and check out several Tata Mutual Fund schemes you can consider in 2025. 

How to Choose the Right Large-Cap Fund?

Large-cap mutual funds may look similar at first glance! However, the choice depends on several factors/ parameters. Each one tells you something about the:

• Fund’s risk level

• The return expectations 

• Annual charges

• Expertise of fund managers, and more

   

Below are the five key parameters you can review before investing:

1. Performance Metrics

Looking at a large-cap fund’s past performance can give you a reference for how it handled different market conditions. However, it is not an indicative of future performance and not a guarantee or assurance of investment amount and returns. 

Instead of focusing only on the highest return, you can check how the returns have been across different years. A fund that delivers close to its “benchmark return” can be comparatively considered as more reliable than one that has high returns some years and poor returns in others. 

Such consistency can show that the fund could handle both bull and bear markets.

2. Sharpe Ratio (Risk-Adjusted Return)

The Sharpe Ratio tells you whether a fund’s return is worth the amount of risk you are taking. It compares “excess return” with the “volatility” of the fund. For those unaware, excess return represents what you can get over a risk-free return, such as government bonds or treasury bills (T-bills).

A higher Sharpe Ratio means the fund is rewarding you more for each unit of risk. As an investor, you can consider a large-cap mutual fund scheme with a higher Sharpe Ratio.

3. Expense Ratio

Every mutual fund charges an annual fee to cover management and administrative costs. This is called the expense ratio. Even a small difference in expense ratio can reduce your final wealth significantly in the long term. 

For example, 

• Say there are two large-cap mutual funds.

• Hypothetically, Both have the potential to earn the same return, but one charges expense ratio of 1.2% p.a. while another charges 0.8% p.a.

• Now, the second fund can leave you with more money.

To pick a scheme, you can always compare expense ratios among funds in the same category. Lower expense ratios usually mean less expense outflow.

4. Fund Manager’s Track Record

The fund manager is the decision-maker who chooses which companies the large-cap fund will invest in & weightage / exposure for the same. A manager who has shown good results in different market cycles could be preferable. 

As an investor, you can look at how long the manager has been handling the fund and whether they have delivered outcomes across different market scenarios. A strong manager can increase your confidence in the fund’s future.

5. Portfolio Composition

As mentioned above, large-cap funds must invest at least 80% in the top 100 companies. Now, the rest of the 20% can be invested in mid or small-cap stocks or any other asset classes as specified in Scheme Information Document. While this may potentially generate a bit extra returns, it also increases the scheme's risk. 

Thus, you can review the portfolio of the large-cap fund to check whether the composition suits your risk appetite.

Disclaimer: The parameters mentioned above are for educational purposes only. Investors must do their own research before investing.

What are Flexi-cap Funds?

Don’t want to stick to just the top 100 companies? Flexi-cap funds is a different financial product that invests in companies of all sizes; large-cap, mid-cap, and small-cap. They must invest at least 65% in equity and equity-related instruments. 

Usually, the fund manager of a flexi-cap fund can shift money between different company sizes and sectors depending on market conditions. This makes them highly flexible but also means the risk and potential returns can vary more compared to large-cap funds.

Tata Mutual Fund Schemes You Can Consider in 2025

Tata Asset Management Private Limited was established in 1994 and has over 30 years of experience in managing investments. As of August 31, 2025, it has earned the trust of more than 63 lakh investors across India. 

Tata Mutual Funds offer a wide range of investment options that are available in both lump sum (e.g. ₹5,000) and SIP (e.g. ₹500) modes. For your reference, below are large-cap and flexi-cap funds you can invest in 2025:

1. Tata Large-cap Fund - An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks
 

The Tata Large Cap Fund can invest in mature companies that are financially strong but may be undervalued compared to their true worth. The fund managers of this scheme can make a detailed analysis of individual businesses rather than simply following the market index. 

The selection of companies can be based on these factors:

• Financial health
• Growth potential
• Management quality
• Competitive strength
• Fair valuation

Additionally, the portfolio of this large-cap mutual fund scheme can include two types of stocks: 

• Compounders: These are companies that grow steadily over time and
• Re-rating candidates: These are companies that may see their valuations rise if the market starts recognizing their potential.

Moreover, the fund does not limit itself to specific sectors. It can always stay invested in equities and does not deliberately hold cash.

Tata Large and Mid Cap Fund (Direct Growth) - An Open-Ended Equity Scheme Investing In Both Large Cap and Mid Cap Stocks

Tata Large and Mid Cap Fund can invest in both large and mid-sized companies to aim to capture growth opportunities in these segments. The fund manager can look for companies that are:

• Financially strong
• Generate healthy cash flows
• Have a likelihood for re-rating or turnaround due to changing market conditions

This scheme can follow a “bottom-up” investment approach, where the stock selection is guided by four main factors: 

• Company’s Performance
• Low debt with strong cash flows
• Earnings growth is higher than market expectations
• Availability at reasonable valuations

Furthermore, this large and mid-cap fund usually holds a concentrated portfolio of about 53 stocks (as on 31st August 2025). It can also adjust its mix of large and mid-cap companies as opportunities arise. 

 3. Tata Flexi Cap Fund - An Open-Ended Dynamic Equity Scheme Investing Across Large-Cap, Mid-Cap, and Small-Cap Stocks
 

Tata Flexi Cap Fund invests in companies of all sizes: large-cap, mid-cap, and small-cap. The investments are made without any market cap restrictions. This scheme have potential to create capital growth over the medium to long term by building a diversified portfolio. 

The fund’s selection process can be based on the growth potential of a company and not its size. It can look for businesses with:

• Strong growth prospects
• Sustainable operations
• Low debt
• Leadership position in their sector

The fund managers of this scheme can also make “conviction BETS”, where they identify a few high-potential companies and hold overweight positions in them. 

4. Tata NIFTY 50 Index Fund -  An Open-Ended Equity Scheme Tracking Nifty 50 Index
 

This is an index fund that track NIFTY 50 Index. Nifty 50 companies are considered as the first 50 companies of the companies classified as large cap. The scheme invests at least 95% in the same 50 large companies that make up the index and in the same proportion. A small portion may be kept in money market instruments for liquidity needs. 

Since it is a passive fund, the goal is not to beat/outperform the market, but instead to match the performance of the NIFTY 50. It can be suitable for investors who want exposure to India’s top companies through a single portfolio without active stock-picking.

Conclusion

Large-cap funds are equity schemes that invest at least 80% of the investor’s money in large-cap stocks. These funds allow you to participate in India’s top 100 companies. Usually, these are market leaders with strong balance sheets and established business models. 
 

However, selecting a particular large-cap fund can be tricky! As an investor, you can  evaluate multiple parameters, such as:

• Scheme performance

• Sharpe Ratio

• Expense ratio

• Fund manager’s track record

• Portfolio composition

If you are looking for more diversification, Flexi-cap funds can be a good option. They invest across large-cap, mid-cap, and small-cap companies in different proportions.

So, are you searching for investment options? Tata Mutual Fund offers a range of equity schemes, such as the Tata NIFTY 50 Index Fund, Tata Flexi Cap Fund, Tata Large Cap Fund, and Tata Large and Mid Cap Fund and many other. You can pick the fund as per your investment objectives and risk appetite.

Disclaimers

The views mentioned above are for information & educational purposes only and do not construe to be any investment, legal or taxation advice. Investors must do their own research before investing. The views expressed in this article are personal in nature and in is no way trying to predict the markets or to time them. Any action taken by you on the basis of the information contained herein is your responsibility alone and Tata Asset Management Pvt. Ltd. will not be liable in any manner for the consequences of such action taken by you. Please consult your Mutual Fund Distributor before investing. The views expressed in this article may not reflect in the scheme portfolios of Tata Mutual Fund. There are no guaranteed or assured returns under any of the scheme of Tata mutual Fund.