Kotak Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹354.08+0.35%1 day
- Return since launch
- 17.4%
- 52-week range
- ₹312.34 — ₹361.92
- AUM
- ₹30,581 Cr
Kotak Large & Mid Cap Fund is a Large & MidCap equity fund from Kotak Mahindra Mutual Fund with ₹30,581 Cr under management, launched in 2004. Over three years it has returned 6.2% a year, against 13.5% for its category. The expense ratio is 1.66% and the SEBI riskometer reading is Very High.
Performance
Kotak Large & Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.2% against -1.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.6% | +2.2 pts | 2.4% | 4.3% |
| 2Y | 5.1% | −0.9 pts | 6.0% | 3.5% |
| 3Y | 6.2% | −7.2 pts | 13.5% | 5.0% |
| 5Y | 11.8% | +0.9 pts | 10.9% | 10.5% |
| 7Y | 14.7% | −0.2 pts | 14.9% | 13.8% |
| 10Y | 14.6% | +1.1 pts | 13.5% | 13.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.8% | +1.8 pts | 6.0% | 6.1% |
| 3M | -1.2% | 0.0 pts | -1.2% | -1.5% |
| 6M | 3.9% | −0.7 pts | 4.6% | 3.7% |
| 1Y | 1.6% | −0.8 pts | 2.4% | -1.1% |
| 2Y | 2.9% | −0.7 pts | 3.6% | 2.1% |
| 3Y | 13.1% | −0.4 pts | 13.5% | 12.1% |
| 5Y | 12.1% | +1.2 pts | 10.9% | 10.0% |
| 7Y | 16.1% | +0.1 pts | 16.0% | 15.1% |
| 10Y | 14.2% | +0.7 pts | 13.5% | 12.9% |
Since launch (27 Jul 2004): 17.4%
Calendar-year returns
Category average16.5%
30.4%
7.0%
29.3%
23.9%
5.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 5.6% | +0.2 pts | 5.4% |
| 2024 | 23.9% | −1.0 pts | 25.0% |
| 2023 | 29.3% | −2.1 pts | 31.4% |
| 2022 | 7.0% | +4.0 pts | 3.0% |
| 2021 | 30.4% | −8.7 pts | 39.1% |
| 2020 | 16.5% | −1.1 pts | 17.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.65%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.34%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.30%
- Exit load
- Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Large Midcap 250 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.85 | 6.58 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.99 | 1.07 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.41 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.51 | 0.83 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.71 | 18.21 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Large & Mid Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.4%
- Debt0.3%
- Other1.2%
Market cap split
- Large49.9%
- Mid41.7%
- Small8.4%
- P/E
- 26.29
- P/B
- 3.03
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 4.52% | ₹1,382 Cr | +4.98% | +5.21% | +6.03% |
| State Bank of India | Financial | 3.92% | ₹1,199 Cr | +4.11% | +4.47% | +3.69% |
| Eternal Ltd. | Services | 3.77% | ₹1,152 Cr | +3.05% | +2.93% | +4.01% |
| Bharat Electronics Ltd. | Capital Goods | 3.56% | ₹1,087 Cr | +3.69% | +4.10% | +3.99% |
| ICICI Bank Ltd. | Financial | 3.03% | ₹925 Cr | +3.08% | +3.08% | +3.32% |
| Axis Bank Ltd. | Financial | 2.41% | ₹736 Cr | +2.67% | +2.63% | +2.47% |
| Larsen & Toubro Ltd. | Construction | 2.27% | ₹696 Cr | +2.45% | +2.37% | +2.39% |
| Bharti Airtel Ltd. | Communication | 2.18% | ₹668 Cr | +2.25% | +2.47% | +2.42% |
| Bharat Forge Ltd. | Automobile | 2.14% | ₹655 Cr | +2.33% | +2.08% | +1.54% |
| Ashok Leyland Ltd. | Automobile | 2.12% | ₹648 Cr | +2.12% | +2.36% | +0.59% |
| Bajaj Finance Ltd. | Financial | 2.12% | ₹648 Cr | +2.17% | +1.98% | +2.38% |
| Hero Motocorp Ltd. | Automobile | 2.10% | ₹642 Cr | +1.88% | +2.27% | +2.31% |
| BSE Ltd. | Services | 2.02% | ₹618 Cr | +2.47% | +1.96% | — |
| Linde India Ltd. | Chemicals | 1.96% | ₹601 Cr | +2.16% | +2.04% | +1.79% |
| Jindal Steel Ltd. | Metals & Mining | 1.93% | ₹590 Cr | +1.76% | +2.11% | +1.95% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.90% | ₹581 Cr | +1.91% | +2.05% | +1.80% |
| Coromandel International Ltd. | Chemicals | 1.84% | ₹563 Cr | +2.05% | +2.23% | +2.57% |
| Shriram Finance Ltd | Financial | 1.77% | ₹540 Cr | +1.83% | +1.66% | +1.09% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.76% | ₹537 Cr | +1.64% | +1.25% | +1.45% |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.60% | ₹490 Cr | +1.77% | +1.72% | +2.19% |
| Tech Mahindra Ltd. | Technology | 1.59% | ₹488 Cr | +1.44% | +1.62% | +1.58% |
| Ipca Laboratories Ltd. | Healthcare | 1.59% | ₹487 Cr | +1.37% | +1.47% | +1.18% |
| Indian Bank | Financial | 1.58% | ₹484 Cr | +1.57% | +1.85% | +0.04% |
| Biocon Ltd. | Healthcare | 1.57% | ₹481 Cr | +1.74% | +1.71% | +1.56% |
| Piramal Finance Ltd. | Financial | 1.57% | ₹480 Cr | +1.54% | +1.37% | — |
| Mphasis Ltd. | Technology | 1.55% | ₹474 Cr | +1.52% | +1.65% | +2.06% |
| Indusind Bank Ltd. | Financial | 1.47% | ₹451 Cr | +1.48% | +1.37% | — |
| INDO-MIM Ltd. | Capital Goods | 1.42% | ₹435 Cr | — | — | — |
| SRF Ltd. | Chemicals | 1.41% | ₹433 Cr | +1.53% | +1.56% | +1.74% |
| Reliance Industries Ltd. | Energy | 1.40% | ₹427 Cr | +1.49% | +1.77% | +1.73% |
| Infosys Ltd. | Technology | 1.30% | ₹398 Cr | +1.28% | +0.77% | +2.95% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.29% | ₹394 Cr | +2.10% | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.27% | ₹390 Cr | +1.24% | +0.98% | +1.04% |
| Apollo Tyres Ltd. | Automobile | 1.26% | ₹384 Cr | +1.31% | +1.43% | +1.37% |
| Ultratech Cement Ltd. | Materials | 1.25% | ₹383 Cr | +1.26% | +1.37% | +1.42% |
| Others | Others | 1.25% | ₹383 Cr | -3.78% | -3.78% | -3.08% |
| Astra Microwave Products Ltd. | Communication | 1.23% | ₹376 Cr | +1.30% | +0.69% | +0.51% |
| Dalmia Bharat Ltd. | Materials | 1.23% | ₹375 Cr | +1.21% | +1.45% | +1.69% |
| Fortis Healthcare Ltd. | Healthcare | 1.18% | ₹362 Cr | +1.44% | +1.31% | +1.13% |
| Poonawalla Fincorp Ltd. | Financial | 1.18% | ₹360 Cr | +1.14% | — | — |
| Ajanta Pharma Ltd. | Healthcare | 1.17% | ₹357 Cr | +1.08% | +0.51% | +0.34% |
| Interglobe Aviation Ltd. | Services | 1.14% | ₹349 Cr | +1.20% | +1.01% | +1.08% |
| Pine Labs Ltd. | Financial | 1.12% | ₹344 Cr | — | — | — |
| One 97 Communications Ltd. | Services | 1.10% | ₹336 Cr | +0.37% | +0.18% | — |
| Swiggy Ltd. | Services | 1.06% | ₹325 Cr | +0.54% | +0.08% | +1.04% |
| Adani Enterprises Ltd. | Services | 1.06% | ₹324 Cr | — | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.05% | ₹321 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 1.00% | ₹305 Cr | +1.23% | +1.25% | +1.05% |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 1.00% | ₹305 Cr | +0.86% | +0.92% | +1.03% |
| JK Cement Ltd. | Materials | 1.00% | ₹305 Cr | +1.09% | +1.21% | +1.44% |
| Kotak Mahindra Bank Ltd. | Financial | 0.99% | ₹302 Cr | +0.91% | +0.94% | +0.95% |
| Blue Star Ltd. | Consumer Discretionary | 0.98% | ₹301 Cr | +2.08% | +2.35% | +2.65% |
| Torrent Power Ltd. | Energy | 0.98% | ₹299 Cr | +1.09% | +1.14% | +0.99% |
| United Spirits Ltd. | Consumer Staples | 0.96% | ₹294 Cr | +0.94% | +0.97% | +0.79% |
| Crisil Ltd. | Services | 0.95% | ₹289 Cr | +0.82% | +0.86% | +0.92% |
| Oberoi Realty Ltd. | Construction | 0.92% | ₹283 Cr | +0.91% | +0.57% | +0.89% |
| NTPC Ltd. | Energy | 0.90% | ₹274 Cr | +0.97% | — | — |
| Rubicon Research Ltd. | Healthcare | 0.88% | ₹268 Cr | — | — | — |
| The India Cements Ltd. | Materials | 0.81% | ₹248 Cr | +0.94% | +0.95% | +0.61% |
| Maruti Suzuki India Ltd. | Automobile | 0.78% | ₹239 Cr | +0.90% | +0.90% | +0.85% |
| Bank of Maharashtra | Financial | 0.78% | ₹238 Cr | +0.88% | +0.67% | — |
| Kalpataru Projects International Ltd. | Capital Goods | 0.72% | ₹221 Cr | +0.70% | +0.62% | +0.71% |
| Petronet LNG Ltd. | Energy | 0.47% | ₹142 Cr | +0.45% | +0.04% | +0.79% |
| Tata Chemicals Ltd. | Chemicals | 0.41% | ₹126 Cr | +0.47% | +0.44% | +0.67% |
| Honeywell Automation India Ltd. | Capital Goods | 0.40% | ₹124 Cr | +0.47% | +0.36% | +0.47% |
| BEML Ltd. | Capital Goods | 0.39% | ₹120 Cr | +0.34% | +0.30% | +0.44% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.30% | ₹91.17 Cr | +0.29% | +0.32% | +0.30% |
| Cummins India Ltd. | Capital Goods | 0.15% | ₹44.99 Cr | +1.63% | +1.48% | +1.25% |
| GSPL Transmission Ltd. | Energy | 0.02% | ₹6.74 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Cummins India Ltd. | 1.42% | 0.15% | -1.27% |
| Pine Labs Ltd. | 0.00% | 1.12% | +1.12% |
| One 97 Communications Ltd. | 0.00% | 1.10% | +1.10% |
| INDO-MIM Ltd. | 0.69% | 1.42% | +0.73% |
| Power Grid Corporation Of India Ltd. | 0.61% | 0.00% | -0.61% |
| Dixon Technologies (India) Ltd. | 0.37% | 0.88% | +0.51% |
| HDFC Bank Ltd. | 4.28% | 4.52% | +0.24% |
| Blue Star Ltd. | 0.91% | 0.70% | -0.21% |
| ABB India Ltd. | 1.18% | 1.00% | -0.18% |
| State Bank of India | 4.10% | 3.92% | -0.18% |
| Ashok Leyland Ltd. | 2.28% | 2.12% | -0.16% |
| Fortis Healthcare Ltd. | 1.32% | 1.18% | -0.14% |
| The India Cements Ltd. | 0.94% | 0.81% | -0.13% |
| ICICI Bank Ltd. | 3.15% | 3.03% | -0.12% |
| Shriram Finance Ltd | 1.89% | 1.77% | -0.12% |
| Eternal Ltd. | 3.65% | 3.77% | +0.12% |
| Schaeffler India Ltd. | 1.16% | 1.27% | +0.11% |
| Mphasis Ltd. | 1.65% | 1.55% | -0.10% |
| Infosys Ltd. | 1.40% | 1.30% | -0.10% |
| Indusind Bank Ltd. | 1.57% | 1.47% | -0.10% |
| Bajaj Finance Ltd. | 2.21% | 2.12% | -0.09% |
| Piramal Finance Ltd. | 1.66% | 1.57% | -0.09% |
| Indian Bank | 1.67% | 1.58% | -0.09% |
| Biocon Ltd. | 1.66% | 1.57% | -0.09% |
| Axis Bank Ltd. | 2.49% | 2.41% | -0.08% |
| Linde India Ltd. | 1.88% | 1.96% | +0.08% |
| Torrent Power Ltd. | 0.90% | 0.98% | +0.08% |
| Sun TV Network Ltd. | 0.07% | 0.00% | -0.07% |
| Adani Enterprises Ltd. | 0.99% | 1.06% | +0.07% |
| Bharat Forge Ltd. | 2.21% | 2.14% | -0.07% |
| Swiggy Ltd. | 1.13% | 1.06% | -0.07% |
| Ajanta Pharma Ltd. | 1.10% | 1.17% | +0.07% |
| Sun Pharmaceutical Industries Ltd. | 1.96% | 1.90% | -0.06% |
| Maruti Suzuki India Ltd. | 0.84% | 0.78% | -0.06% |
| Dalmia Bharat Ltd. | 1.28% | 1.23% | -0.05% |
| Bharti Airtel Ltd. | 2.13% | 2.18% | +0.05% |
| Rubicon Research Ltd. | 0.93% | 0.88% | -0.05% |
| Ipca Laboratories Ltd. | 1.54% | 1.59% | +0.05% |
| Coromandel International Ltd. | 1.89% | 1.84% | -0.05% |
| Kotak Mahindra Bank Ltd. | 0.94% | 0.99% | +0.05% |
| JK Cement Ltd. | 0.95% | 1.00% | +0.05% |
| Glaxosmithkline Pharmaceuticals Ltd. | 1.04% | 1.00% | -0.04% |
| Astra Microwave Products Ltd. | 1.19% | 1.23% | +0.04% |
| NTPC Ltd. | 0.86% | 0.90% | +0.04% |
| United Spirits Ltd. | 1.00% | 0.96% | -0.04% |
| Larsen & Toubro Ltd. | 2.31% | 2.27% | -0.04% |
| Bharat Electronics Ltd. | 3.59% | 3.56% | -0.03% |
| Apollo Tyres Ltd. | 1.29% | 1.26% | -0.03% |
| Kalpataru Projects International Ltd. | 0.69% | 0.72% | +0.03% |
| BEML Ltd. | 0.36% | 0.39% | +0.03% |
| Hero Motocorp Ltd. | 2.07% | 2.10% | +0.03% |
| SRF Ltd. | 1.39% | 1.41% | +0.02% |
| Crisil Ltd. | 0.97% | 0.95% | -0.02% |
| Hindustan Petroleum Corporation Ltd. | 1.58% | 1.60% | +0.02% |
| Reliance Industries Ltd. | 1.42% | 1.40% | -0.02% |
| Aster DM Quality Care Ltd. | 1.07% | 1.05% | -0.02% |
| Bank of Maharashtra | 0.76% | 0.78% | +0.02% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.28% | 0.30% | +0.02% |
| Poonawalla Fincorp Ltd. | 1.16% | 1.18% | +0.02% |
| Tech Mahindra Ltd. | 1.61% | 1.59% | -0.02% |
| Motilal Oswal Financial Services Ltd. | 1.74% | 1.76% | +0.02% |
| Ultratech Cement Ltd. | 1.24% | 1.25% | +0.01% |
| Interglobe Aviation Ltd. | 1.13% | 1.14% | +0.01% |
| Jindal Steel Ltd. | 1.92% | 1.93% | +0.01% |
| BSE Ltd. | 2.03% | 2.02% | -0.01% |
| Honeywell Automation India Ltd. | 0.41% | 0.40% | -0.01% |
| Petronet LNG Ltd. | 0.46% | 0.47% | +0.01% |
| Oberoi Realty Ltd. | 0.92% | 0.92% | 0.00% |
| Tata Chemicals Ltd. | 0.41% | 0.41% | 0.00% |
| Others | 0.01% | 0.01% | 0.00% |
| GSPL Transmission Ltd. | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹12,985 Cr | 2.05% | 11.5% | 10.6% | 16.1% |
 Bandhan Large & Mid Cap Fund | ₹20,650 Cr | 2.25% | 5.6% | 7.9% | 14.9% |
 Motilal Oswal Large and Midcap Fund | ₹19,832 Cr | 1.79% | 13.3% | 12.3% | 18.5% |
 Invesco India Large & Mid Cap Fund | ₹12,439 Cr | 1.85% | 20.3% | 14.9% | 18.9% |
 UTI Large & Mid Cap Fund | ₹6,220 Cr | 1.96% | 4.1% | 6.7% | 13.1% |
 HSBC Large and Mid Cap Fund | ₹5,784 Cr | 2.40% | 14.4% | 11.2% | 15.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to invest in a mix of large and mid cap stocks across sectors based on performance and potential of companies within the sectors.
Fund managers
- Harsha UpadhyayaMr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.93% absolute | ₹60,000 | ₹62,358 | 3.93% | |
| 1 year1.65% annualised | ₹1,20,000 | ₹1,21,078 | 0.90% | |
| 3 years13.08% annualised | ₹3,60,000 | ₹4,42,746 | 22.99% | |
| 5 years12.07% annualised | ₹6,00,000 | ₹8,26,460 | 37.74% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Kotak Large & Mid Cap Fund?
The NAV of Kotak Large & Mid Cap Fund is ₹354.08 as on 9 Nov 2026.
What is the expense ratio of Kotak Large & Mid Cap Fund?
The expense ratio of Kotak Large & Mid Cap Fund is 1.66% per year.
What is the minimum SIP amount for Kotak Large & Mid Cap Fund?
You can start a SIP in Kotak Large & Mid Cap Fund with ₹3,000 a month.
What returns has Kotak Large & Mid Cap Fund given?
Kotak Large & Mid Cap Fund has returned 4.6% over 1 year, 6.2% over 3 years and 11.8% over 5 years (annualised).
Is there a lock-in or exit load on Kotak Large & Mid Cap Fund?
Lock-in: None. Exit load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days.
How risky is Kotak Large & Mid Cap Fund?
Kotak Large & Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large & MidCap category.
Which fund house manages Kotak Large & Mid Cap Fund?
Kotak Large & Mid Cap Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.