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ITI Pharma and Healthcare Fund - Direct Plan - Growth Option vs LIC MF Infrastructure Fund-Direct Plan-Growth
ITI Pharma and Healthcare Fund and LIC MF Infrastructure Fund- are both in the Sectoral/ Thematic category, from ITI Asset Management Limited and LIC Mutual Fund Asset Management Limited respectively. ITI Pharma and Healthcare Fund has posted a higher 3-year rolling CAGR. ITI Pharma and Healthcare Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ITI Pharma and Healthcare Fund has the lower direct-plan expense ratio, by 0.41 percentage points.
| ITI Pharma and Healthcare Fund - Direct Plan - Growth Option | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | ITI Asset Management Limited | LIC Mutual Fund Asset Management Limited |
| Benchmark | Nifty Healthcare Index TRI | Nifty Infrastructure TRI |
| NAV | ₹19.2196 (2026-10-28) | ₹59.1519 (2026-10-28) |
| AUM | ₹253.15 Cr | ₹1,102.82 Cr |
| Expense Ratio (Direct) | 0.92% | 1.33% |
| Inception | 2021-10-18 | 2008-01-31 |
Returns
ITI Pharma and Healthcare Fund leads on 3-year rolling CAGR (21.5% vs LIC MF Infrastructure Fund-'s 15.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
LIC MF Infrastructure Fund- has been the more volatile of the two by standard deviation.
| ITI Pharma and Healthcare Fund - Direct Plan - Growth Option | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.62 | 0.58 |
| 3Y Alpha | -0.0766% | 8.7418% |
| 3Y Std Deviation | 15.1879% | 21.1543% |
| 3Y Calmar Ratio | 0.96 | 0.73 |
Portfolio Analytics
ITI Pharma and Healthcare Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ITI Pharma and Healthcare Fund - Direct Plan - Growth Option | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 47.6644 | 29.8606 |
| P/B Ratio | 10.04 | 7.2862 |
| Dividend Yield | 0.4332% | 0.8311% |
| Active Share | 29.85% | 85.12% |
| Portfolio Turnover | 53% | 102% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
LIC MF Infrastructure Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, ITI Pharma and Healthcare Fund or LIC MF Infrastructure Fund-?
ITI Pharma and Healthcare Fund's 3-year rolling CAGR of 21.5% is higher than LIC MF Infrastructure Fund-'s 15.6%. ITI Pharma and Healthcare Fund sits in the 84th percentile of its category on this metric, versus the 34th percentile for LIC MF Infrastructure Fund- - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ITI Pharma and Healthcare Fund or LIC MF Infrastructure Fund-?
ITI Pharma and Healthcare Fund's direct-plan expense ratio is 0.41 percentage points lower than LIC MF Infrastructure Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ITI Pharma and Healthcare Fund or LIC MF Infrastructure Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), LIC MF Infrastructure Fund- has been more volatile than ITI Pharma and Healthcare Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.62 for ITI Pharma and Healthcare Fund vs 0.58 for LIC MF Infrastructure Fund-) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ITI Pharma and Healthcare Fund or LIC MF Infrastructure Fund-?
LIC MF Infrastructure Fund- has ₹1,103 Cr in assets under management, versus ₹253 Cr for ITI Pharma and Healthcare Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ITI Pharma and Healthcare Fund or LIC MF Infrastructure Fund-?
LIC MF Infrastructure Fund- launched on 2008-01-31, making it older than ITI Pharma and Healthcare Fund (launched 2021-10-18). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.