Kotak Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹342.73-1.60%1 day
- Return since launch
- 17.5%
- 52-week range
- ₹312.34 — ₹361.92
- AUM
- ₹32,325 Cr
Kotak Large & Mid Cap Fund is a Large & MidCap equity fund from Kotak Mahindra Mutual Fund with ₹32,325 Cr under management, launched in 2004. Over three years it has returned 5.1% a year, against 12.9% for its category. The expense ratio is 1.64% 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 +0.3% against -1.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -2.4% | −4.3 pts | 1.8% | -1.9% |
| 2Y | 1.7% | −1.7 pts | 3.4% | 0.7% |
| 3Y | 5.1% | −7.8 pts | 12.9% | 4.2% |
| 5Y | 11.4% | +0.1 pts | 11.3% | 10.2% |
| 7Y | 14.7% | −0.2 pts | 14.8% | 13.8% |
| 10Y | 14.4% | +1.2 pts | 13.2% | 13.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.0% | −0.1 pts | -3.9% | -4.1% |
| 3M | -1.7% | −1.4 pts | -0.3% | -1.0% |
| 6M | 4.5% | −4.7 pts | 9.2% | 7.5% |
| 1Y | 0.3% | −1.5 pts | 1.8% | -1.6% |
| 2Y | -1.6% | −0.6 pts | -1.1% | -2.5% |
| 3Y | 11.9% | −1.0 pts | 12.9% | 11.3% |
| 5Y | 11.8% | +0.5 pts | 11.3% | 10.3% |
| 7Y | 16.3% | +0.3 pts | 16.0% | 15.2% |
| 10Y | 13.8% | +0.6 pts | 13.2% | 12.4% |
Since launch (27 Jul 2004): 17.5%
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
1.66%
Expense ratio as on 22 Sep 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 | 2.24 | 7.31 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.98 | 1.05 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.56 | 0.80 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.66 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.26 | 17.61 | 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 31 Aug 2026
Asset allocation
- Equity97.6%
- Debt0.3%
- Other2.1%
Market cap split
- Large52.3%
- Mid40.3%
- Small7.4%
- P/E
- 27.47
- P/B
- 3.24
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 4.28% | ₹1,383 Cr | +4.82% | +5.64% | +6.19% |
| State Bank of India | Financial | 4.10% | ₹1,325 Cr | +4.00% | +4.89% | +3.19% |
| Eternal Ltd. | Services | 3.65% | ₹1,181 Cr | +2.99% | +2.81% | +3.97% |
| Bharat Electronics Ltd. | Capital Goods | 3.59% | ₹1,160 Cr | +3.82% | +4.05% | +3.74% |
| ICICI Bank Ltd. | Financial | 3.15% | ₹1,018 Cr | +2.92% | +3.14% | +3.54% |
| Axis Bank Ltd. | Financial | 2.49% | ₹806 Cr | +2.65% | +2.79% | +2.34% |
| Larsen & Toubro Ltd. | Construction | 2.31% | ₹748 Cr | +2.50% | +2.58% | +2.41% |
| Ashok Leyland Ltd. | Automobile | 2.28% | ₹738 Cr | +2.17% | +0.74% | +1.93% |
| Bajaj Finance Ltd. | Financial | 2.21% | ₹713 Cr | +2.03% | +2.19% | +2.14% |
| Bharat Forge Ltd. | Automobile | 2.21% | ₹716 Cr | +2.21% | +2.12% | +1.48% |
| Bharti Airtel Ltd. | Communication | 2.13% | ₹689 Cr | +2.31% | +2.33% | +2.49% |
| Others | Others | 2.08% | ₹666 Cr | -2.64% | -6.57% | -0.80% |
| Hero Motocorp Ltd. | Automobile | 2.07% | ₹668 Cr | +1.99% | +2.28% | +2.21% |
| BSE Ltd. | Services | 2.03% | ₹656 Cr | +2.75% | +1.76% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.96% | ₹635 Cr | +1.91% | +1.81% | +1.85% |
| Jindal Steel Ltd. | Metals & Mining | 1.92% | ₹620 Cr | +2.08% | +2.11% | +1.78% |
| Coromandel International Ltd. | Chemicals | 1.89% | ₹610 Cr | +1.86% | +2.31% | +2.71% |
| Shriram Finance Ltd | Financial | 1.89% | ₹610 Cr | +1.73% | +1.83% | +1.05% |
| Linde India Ltd. | Chemicals | 1.88% | ₹607 Cr | +2.15% | +1.79% | +1.88% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.74% | ₹563 Cr | +1.58% | +1.27% | +1.43% |
| Indian Bank | Financial | 1.67% | ₹539 Cr | +1.66% | +1.94% | +1.42% |
| Biocon Ltd. | Healthcare | 1.66% | ₹536 Cr | +1.85% | +1.65% | +1.64% |
| Piramal Finance Ltd. | Financial | 1.66% | ₹536 Cr | +1.42% | +0.70% | — |
| Mphasis Ltd. | Technology | 1.65% | ₹534 Cr | +1.66% | +1.65% | +2.22% |
| Tech Mahindra Ltd. | Technology | 1.61% | ₹521 Cr | +1.58% | +1.41% | +1.71% |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.58% | ₹512 Cr | +1.83% | +2.00% | +1.90% |
| Indusind Bank Ltd. | Financial | 1.57% | ₹508 Cr | +1.52% | +1.40% | — |
| Ipca Laboratories Ltd. | Healthcare | 1.54% | ₹499 Cr | +1.28% | +1.25% | +1.26% |
| Cummins India Ltd. | Capital Goods | 1.42% | ₹459 Cr | +1.76% | +1.44% | +1.25% |
| Reliance Industries Ltd. | Energy | 1.42% | ₹460 Cr | +1.58% | +1.63% | +1.77% |
| Infosys Ltd. | Technology | 1.40% | ₹454 Cr | +0.32% | +2.26% | +3.08% |
| SRF Ltd. | Chemicals | 1.39% | ₹448 Cr | +1.58% | +1.46% | +1.79% |
| Fortis Healthcare Ltd. | Healthcare | 1.32% | ₹426 Cr | +1.45% | +1.38% | +1.09% |
| Apollo Tyres Ltd. | Automobile | 1.29% | ₹417 Cr | +1.24% | +1.40% | +1.37% |
| Dalmia Bharat Ltd. | Materials | 1.28% | ₹413 Cr | +1.29% | +1.44% | +1.49% |
| Ultratech Cement Ltd. | Materials | 1.24% | ₹401 Cr | +1.33% | +1.44% | +1.51% |
| Astra Microwave Products Ltd. | Communication | 1.19% | ₹383 Cr | +1.07% | +0.56% | +0.55% |
| ABB India Ltd. | Capital Goods | 1.18% | ₹382 Cr | +1.38% | +1.14% | +1.04% |
| Poonawalla Fincorp Ltd. | Financial | 1.16% | ₹376 Cr | +1.03% | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.16% | ₹376 Cr | +1.16% | +0.99% | +0.98% |
| Interglobe Aviation Ltd. | Services | 1.13% | ₹366 Cr | +1.02% | +1.10% | +1.02% |
| Swiggy Ltd. | Services | 1.13% | ₹366 Cr | +0.60% | +0.10% | +1.04% |
| Ajanta Pharma Ltd. | Healthcare | 1.10% | ₹355 Cr | +0.49% | +0.49% | +0.36% |
| company:15106 | Healthcare | 1.07% | ₹345 Cr | — | — | — |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 1.04% | ₹336 Cr | +0.81% | +0.92% | +1.11% |
| United Spirits Ltd. | Consumer Staples | 1.00% | ₹324 Cr | +0.92% | +0.76% | +0.81% |
| Adani Enterprises Ltd. | Services | 0.99% | ₹319 Cr | — | — | — |
| Crisil Ltd. | Services | 0.97% | ₹313 Cr | +0.82% | +0.89% | +1.06% |
| JK Cement Ltd. | Materials | 0.95% | ₹308 Cr | +1.07% | +1.20% | +1.93% |
| Kotak Mahindra Bank Ltd. | Financial | 0.94% | ₹304 Cr | +0.92% | +0.98% | +0.96% |
| The India Cements Ltd. | Materials | 0.94% | ₹304 Cr | +0.97% | +0.99% | +0.41% |
| company:20242 | Healthcare | 0.93% | ₹301 Cr | — | — | — |
| Oberoi Realty Ltd. | Construction | 0.92% | ₹299 Cr | +0.12% | +0.32% | +0.93% |
| Blue Star Ltd. | Consumer Discretionary | 0.91% | ₹293 Cr | +1.05% | +1.26% | +1.36% |
| Torrent Power Ltd. | Energy | 0.90% | ₹292 Cr | +1.13% | +1.22% | +1.02% |
| NTPC Ltd. | Energy | 0.86% | ₹278 Cr | +1.09% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 0.84% | ₹271 Cr | +0.87% | +0.97% | +0.80% |
| Bank of Maharashtra | Financial | 0.76% | ₹246 Cr | +0.79% | +0.73% | — |
| INDO-MIM Ltd. | Capital Goods | 0.69% | ₹222 Cr | — | — | — |
| Kalpataru Projects International Ltd. | Capital Goods | 0.69% | ₹224 Cr | +0.69% | +0.65% | +0.72% |
| Power Grid Corporation Of India Ltd. | Energy | 0.61% | ₹198 Cr | +1.16% | +1.17% | +1.19% |
| Petronet LNG Ltd. | Energy | 0.46% | ₹150 Cr | +0.45% | +0.53% | +0.78% |
| Honeywell Automation India Ltd. | Capital Goods | 0.41% | ₹131 Cr | +0.44% | +0.37% | +0.52% |
| Tata Chemicals Ltd. | Chemicals | 0.41% | ₹133 Cr | +0.52% | +0.48% | +0.69% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.37% | ₹119 Cr | +0.86% | — | — |
| BEML Ltd. | Capital Goods | 0.36% | ₹116 Cr | +0.34% | +0.33% | +0.42% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.28% | ₹90.73 Cr | +0.30% | +0.29% | +0.31% |
| Sun TV Network Ltd. | Services | 0.07% | ₹21.30 Cr | +0.40% | +0.51% | +0.47% |
| GSPL Transmission Ltd. | Energy | 0.02% | ₹7.00 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:15106 | 0.00% | 1.07% | +1.07% |
| Swiggy Ltd. | 0.11% | 1.13% | +1.02% |
| company:20242 | 0.00% | 0.93% | +0.93% |
| Oberoi Realty Ltd. | 0.03% | 0.92% | +0.89% |
| Voltas Ltd. | 0.83% | 0.00% | -0.83% |
| Bharat Petroleum Corporation Ltd. | 0.75% | 0.00% | -0.75% |
| Dixon Technologies (India) Ltd. | 0.90% | 0.37% | -0.53% |
| Power Grid Corporation Of India Ltd. | 1.06% | 0.61% | -0.45% |
| Sun TV Network Ltd. | 0.38% | 0.07% | -0.31% |
| Motilal Oswal Financial Services Ltd. | 1.44% | 1.74% | +0.30% |
| HDFC Bank Ltd. | 4.55% | 4.28% | -0.27% |
| Eternal Ltd. | 3.40% | 3.65% | +0.25% |
| BSE Ltd. | 2.28% | 2.03% | -0.25% |
| Bharti Airtel Ltd. | 2.34% | 2.13% | -0.21% |
| Bharat Electronics Ltd. | 3.39% | 3.59% | +0.20% |
| Bajaj Finance Ltd. | 2.40% | 2.21% | -0.19% |
| Piramal Finance Ltd. | 1.48% | 1.66% | +0.18% |
| Coromandel International Ltd. | 2.07% | 1.89% | -0.18% |
| Ipca Laboratories Ltd. | 1.38% | 1.54% | +0.16% |
| Torrent Power Ltd. | 1.06% | 0.90% | -0.16% |
| Astra Microwave Products Ltd. | 1.34% | 1.19% | -0.15% |
| Blue Star Ltd. | 1.05% | 0.91% | -0.14% |
| Jindal Steel Ltd. | 1.79% | 1.92% | +0.13% |
| Cummins India Ltd. | 1.55% | 1.42% | -0.13% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.91% | 1.04% | +0.13% |
| ABB India Ltd. | 1.31% | 1.18% | -0.13% |
| Bharat Forge Ltd. | 2.33% | 2.21% | -0.12% |
| Hindustan Petroleum Corporation Ltd. | 1.70% | 1.58% | -0.12% |
| Crisil Ltd. | 0.85% | 0.97% | +0.12% |
| Axis Bank Ltd. | 2.38% | 2.49% | +0.11% |
| Linde India Ltd. | 1.98% | 1.88% | -0.10% |
| Indian Bank | 1.57% | 1.67% | +0.10% |
| Ashok Leyland Ltd. | 2.18% | 2.28% | +0.10% |
| Shriram Finance Ltd | 1.80% | 1.89% | +0.09% |
| State Bank of India | 4.01% | 4.10% | +0.09% |
| The India Cements Ltd. | 1.02% | 0.94% | -0.08% |
| INDO-MIM Ltd. | 0.61% | 0.69% | +0.08% |
| One97 Communications Ltd. | 0.07% | 0.00% | -0.07% |
| JK Cement Ltd. | 1.02% | 0.95% | -0.07% |
| Biocon Ltd. | 1.73% | 1.66% | -0.07% |
| Fortis Healthcare Ltd. | 1.39% | 1.32% | -0.07% |
| NTPC Ltd. | 0.92% | 0.86% | -0.06% |
| Ultratech Cement Ltd. | 1.30% | 1.24% | -0.06% |
| Adani Enterprises Ltd. | 1.05% | 0.99% | -0.06% |
| Kotak Mahindra Bank Ltd. | 0.88% | 0.94% | +0.06% |
| Reliance Industries Ltd. | 1.47% | 1.42% | -0.05% |
| Maruti Suzuki India Ltd. | 0.89% | 0.84% | -0.05% |
| Kalpataru Projects International Ltd. | 0.64% | 0.69% | +0.05% |
| Mphasis Ltd. | 1.61% | 1.65% | +0.04% |
| SRF Ltd. | 1.43% | 1.39% | -0.04% |
| Tech Mahindra Ltd. | 1.65% | 1.61% | -0.04% |
| Larsen & Toubro Ltd. | 2.27% | 2.31% | +0.04% |
| Ajanta Pharma Ltd. | 1.07% | 1.10% | +0.03% |
| BEML Ltd. | 0.33% | 0.36% | +0.03% |
| Dalmia Bharat Ltd. | 1.25% | 1.28% | +0.03% |
| Honeywell Automation India Ltd. | 0.44% | 0.41% | -0.03% |
| United Spirits Ltd. | 1.03% | 1.00% | -0.03% |
| Sun Pharmaceutical Industries Ltd. | 1.99% | 1.96% | -0.03% |
| Tata Chemicals Ltd. | 0.43% | 0.41% | -0.02% |
| Petronet LNG Ltd. | 0.44% | 0.46% | +0.02% |
| Apollo Tyres Ltd. | 1.27% | 1.29% | +0.02% |
| Bank of Maharashtra | 0.74% | 0.76% | +0.02% |
| Schaeffler India Ltd. | 1.18% | 1.16% | -0.02% |
| ICICI Bank Ltd. | 3.14% | 3.15% | +0.01% |
| Hero Motocorp Ltd. | 2.06% | 2.07% | +0.01% |
| Infosys Ltd. | 1.41% | 1.40% | -0.01% |
| Poonawalla Fincorp Ltd. | 1.17% | 1.16% | -0.01% |
| Indusind Bank Ltd. | 1.58% | 1.57% | -0.01% |
| GSPL Transmission Ltd. | 0.02% | 0.02% | 0.00% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.28% | 0.28% | 0.00% |
| Interglobe Aviation Ltd. | 1.13% | 1.13% | 0.00% |
| Others | 0.01% | 0.01% | 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 | ₹18,618 Cr | 2.09% | 8.2% | 10.9% | 16.3% |
 ICICI Prudential Large & Mid Cap Fund | ₹33,592 Cr | 2.03% | -2.4% | 6.3% | 13.0% |
 Bandhan Large & Mid Cap Fund | ₹21,020 Cr | 2.29% | 1.9% | 8.2% | 15.3% |
 Motilal Oswal Large and Midcap Fund | ₹20,159 Cr | 1.81% | 16.9% | 14.6% | 19.8% |
 Invesco India Large & Mid Cap Fund | ₹12,387 Cr | 1.87% | 13.7% | 14.3% | 18.4% |
 HSBC Large and Mid Cap Fund | ₹5,931 Cr | 2.47% | 11.0% | 11.0% | 15.1% |
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 months4.45% absolute | ₹60,000 | ₹62,670 | 4.45% | |
| 1 year0.34% annualised | ₹1,20,000 | ₹1,20,221 | 0.18% | |
| 3 years11.91% annualised | ₹3,60,000 | ₹4,34,445 | 20.68% | |
| 5 years11.82% annualised | ₹6,00,000 | ₹8,20,776 | 36.80% |
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 ₹342.73 as on 24 Sep 2026.
What is the expense ratio of Kotak Large & Mid Cap Fund?
The expense ratio of Kotak Large & Mid Cap Fund is 1.64% 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 -2.4% over 1 year, 5.1% over 3 years and 11.4% 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 94 schemes with ₹6,09,561 Cr under management.