Kotak Mid Cap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹139.45+0.53%1 day
- Return since launch
- 14.4%
- 52-week range
- ₹121.48 — ₹148.83
- AUM
- ₹66,613 Cr
Kotak Mid Cap Fund is a Mid Cap equity fund from Kotak Mahindra Mutual Fund with ₹66,613 Cr under management, launched in 2007. Over three years it has returned 7.2% a year, against 14.8% for its category. The expense ratio is 1.51% and the SEBI riskometer reading is Very High.
Performance
Kotak Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.1% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.3% | −2.3 pts | 3.6% | 3.6% |
| 2Y | 4.4% | −1.9 pts | 6.3% | 5.2% |
| 3Y | 7.2% | −7.6 pts | 14.8% | 6.6% |
| 5Y | 13.5% | +0.7 pts | 12.8% | 12.7% |
| 7Y | 17.6% | +0.3 pts | 17.3% | 16.2% |
| 10Y | 17.1% | +1.9 pts | 15.1% | 15.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.0% | −0.8 pts | 2.8% | 2.5% |
| 3M | -5.4% | −2.0 pts | -3.4% | -4.2% |
| 6M | -0.5% | −2.8 pts | 2.3% | 0.9% |
| 1Y | 1.3% | −2.3 pts | 3.6% | 2.1% |
| 2Y | 3.0% | −0.9 pts | 3.9% | 3.4% |
| 3Y | 14.6% | −0.2 pts | 14.8% | 13.6% |
| 5Y | 13.6% | +0.8 pts | 12.8% | 11.9% |
| 7Y | 19.9% | +0.6 pts | 19.3% | 17.8% |
| 10Y | 15.9% | +0.8 pts | 15.1% | 13.8% |
Since launch (12 Feb 2007): 14.4%
Calendar-year returns
Category average21.9%
47.3%
5.1%
31.5%
33.2%
1.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.8% | −1.2 pts | 3.1% |
| 2024 | 33.2% | +2.9 pts | 30.3% |
| 2023 | 31.5% | −7.2 pts | 38.7% |
| 2022 | 5.1% | +1.4 pts | 3.8% |
| 2021 | 47.3% | +1.5 pts | 45.8% |
| 2020 | 21.9% | −3.6 pts | 25.5% |
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
1.50%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.17%
- Brokerage
- 0.03%
- 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 Midcap 150 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 | 0.68 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.49 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.62 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.65 | 19.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Kotak Mid Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity98.5%
- Debt0.2%
- Other1.3%
Market cap split
- Large13.8%
- Mid67.5%
- Small18.7%
- P/E
- 30.19
- P/B
- 4.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Ipca Laboratories Ltd. | Healthcare | 3.57% | ₹2,379 Cr | +3.11% | +3.45% | +2.76% |
| Fortis Healthcare Ltd. | Healthcare | 3.49% | ₹2,322 Cr | +3.98% | +3.97% | +4.11% |
| Vishal Mega Mart Ltd. | Services | 3.04% | ₹2,025 Cr | +3.06% | +2.10% | +2.83% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.87% | ₹1,910 Cr | +4.16% | +0.40% | +6.18% |
| L&T Finance Ltd. | Financial | 2.72% | ₹1,812 Cr | +5.56% | +3.78% | +2.36% |
| The Federal Bank Ltd. | Financial | 2.62% | ₹1,747 Cr | +2.56% | +1.64% | +1.16% |
| Mphasis Ltd. | Technology | 2.57% | ₹1,710 Cr | +2.54% | +2.93% | +3.00% |
| Kei Industries Ltd. | Capital Goods | 2.45% | ₹1,632 Cr | +0.14% | +2.66% | +2.25% |
| GE Vernova T&D India Ltd | Capital Goods | 2.45% | ₹1,631 Cr | +2.84% | +5.33% | +3.94% |
| Solar Industries India Ltd. | Chemicals | 2.41% | ₹1,602 Cr | +2.25% | +2.14% | +2.25% |
| Schaeffler India Ltd. | Capital Goods | 2.36% | ₹1,575 Cr | +2.02% | +2.00% | +2.09% |
| Indian Bank | Financial | 2.24% | ₹1,494 Cr | +2.24% | +2.65% | +2.19% |
| Bank of Maharashtra | Financial | 2.16% | ₹1,439 Cr | +2.32% | +1.52% | — |
| Oberoi Realty Ltd. | Construction | 2.11% | ₹1,406 Cr | +2.08% | +0.21% | +2.17% |
| Bharti Hexacom Ltd. | Communication | 2.00% | ₹1,331 Cr | +1.89% | +2.01% | +2.08% |
| Bharat Electronics Ltd. | Capital Goods | 1.96% | ₹1,304 Cr | +2.05% | +2.42% | +2.33% |
| Global Health Ltd. | Healthcare | 1.82% | ₹1,213 Cr | +1.73% | +1.45% | +1.69% |
| Eternal Ltd. | Services | 1.72% | ₹1,146 Cr | +2.19% | +1.43% | +1.88% |
| Nuvama Wealth Management Ltd. | Financial | 1.60% | ₹1,067 Cr | +1.74% | +1.25% | +1.26% |
| Persistent Systems Ltd. | Technology | 1.60% | ₹1,066 Cr | +0.05% | +0.12% | +1.80% |
| Gland Pharma Ltd. | Healthcare | 1.60% | ₹1,063 Cr | — | — | — |
| Swiggy Ltd. | Services | 1.55% | ₹1,035 Cr | +1.46% | +0.05% | +2.46% |
| Aster DM Quality Care Ltd. | Healthcare | 1.54% | ₹1,026 Cr | +0.99% | +0.81% | +0.60% |
| Nippon Life India Asset Management Ltd. | Financial | 1.53% | ₹1,017 Cr | +1.63% | +1.37% | — |
| Coromandel International Ltd. | Chemicals | 1.51% | ₹1,007 Cr | +1.70% | +1.97% | +2.21% |
| SRF Ltd. | Chemicals | 1.51% | ₹1,003 Cr | +1.64% | +1.78% | +1.71% |
| Oracle Financial Services Software Ltd. | Technology | 1.49% | ₹995 Cr | +1.59% | +1.85% | +2.21% |
| HDB Financial Services Ltd. | Financial | 1.46% | ₹971 Cr | +1.74% | +1.57% | +1.57% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.41% | ₹940 Cr | — | — | — |
| Others | Others | 1.36% | ₹907 Cr | -2.09% | -2.43% | -1.29% |
| Apar Industries Ltd. | Consumer Staples | 1.34% | ₹893 Cr | +2.14% | +2.01% | +1.32% |
| Poonawalla Fincorp Ltd. | Financial | 1.31% | ₹873 Cr | +1.28% | +0.79% | +0.72% |
| Metro Brands Ltd. | Consumer Discretionary | 1.29% | ₹857 Cr | +1.14% | +1.20% | +1.56% |
| Emcure Pharmaceuticals Ltd. | Healthcare | 1.26% | ₹838 Cr | +0.98% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.25% | ₹830 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | 1.22% | ₹814 Cr | +1.34% | +1.27% | +0.99% |
| Piramal Finance Ltd. | Financial | 1.22% | ₹812 Cr | +1.27% | +1.13% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.22% | ₹810 Cr | +1.35% | +1.36% | +1.85% |
| Max Financial Services Ltd. | Financial | 1.18% | ₹785 Cr | +1.34% | +1.52% | +1.35% |
| Dalmia Bharat Ltd. | Materials | 1.17% | ₹782 Cr | +1.17% | +1.48% | +1.05% |
| Blue Star Ltd. | Consumer Discretionary | 1.15% | ₹765 Cr | +1.27% | +1.53% | +1.71% |
| JK Cement Ltd. | Materials | 1.08% | ₹718 Cr | +1.95% | +2.21% | +2.62% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.07% | ₹712 Cr | +1.85% | +1.70% | +1.83% |
| PI Industries Ltd. | Chemicals | 1.04% | ₹696 Cr | +2.35% | +0.13% | +3.42% |
| Biocon Ltd. | Healthcare | 1.03% | ₹687 Cr | — | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.02% | ₹678 Cr | +1.10% | +1.31% | +1.38% |
| Max Healthcare Institute Ltd. | Healthcare | 1.01% | ₹673 Cr | +0.89% | +0.92% | +1.02% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.99% | ₹657 Cr | +0.82% | +0.89% | +0.80% |
| REC Ltd. | Financial | 0.98% | ₹650 Cr | +1.07% | +0.45% | +0.52% |
| Deepak Nitrite Ltd. | Chemicals | 0.94% | ₹624 Cr | +0.93% | +0.93% | +1.25% |
| MRF Ltd. | Automobile | 0.92% | ₹613 Cr | +0.91% | +1.11% | +1.20% |
| Rubicon Research Ltd. | Healthcare | 0.92% | ₹612 Cr | +0.78% | +0.52% | — |
| Prudent Corporate Advisory Services Ltd. | Financial | 0.90% | ₹597 Cr | +0.85% | +0.75% | +0.84% |
| Jindal Steel Ltd. | Metals & Mining | 0.89% | ₹590 Cr | +0.81% | +1.03% | +0.94% |
| UNO Minda Ltd. | Automobile | 0.87% | ₹583 Cr | +0.80% | +0.92% | +1.54% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.84% | ₹562 Cr | +1.18% | +0.72% | — |
| Voltas Ltd. | Consumer Discretionary | 0.83% | ₹555 Cr | +0.98% | +0.03% | +1.20% |
| Avalon Technologies Ltd. | Capital Goods | 0.83% | ₹552 Cr | — | — | — |
| Avanti Feeds Ltd. | Consumer Staples | 0.78% | ₹522 Cr | +0.89% | +1.13% | — |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 0.77% | ₹515 Cr | +0.70% | +0.75% | +0.78% |
| Birlasoft Ltd. | Technology | 0.76% | ₹504 Cr | +0.78% | +1.11% | +1.12% |
| India Shelter Finance Corporation Ltd. | Financial | 0.70% | ₹466 Cr | +0.83% | +0.99% | +0.78% |
| Apollo Tyres Ltd. | Automobile | 0.67% | ₹449 Cr | +0.71% | +0.82% | +0.90% |
| Home First Finance Company India Ltd. | Financial | 0.63% | ₹422 Cr | +0.64% | +0.62% | +0.76% |
| City Union Bank Ltd. | Financial | 0.59% | ₹392 Cr | +0.20% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.55% | ₹367 Cr | +0.58% | — | — |
| Molbio Diagnostics Ltd. | Healthcare | 0.54% | ₹360 Cr | — | — | — |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 0.39% | ₹257 Cr | +0.40% | +0.45% | +0.58% |
| United Spirits Ltd. | Consumer Staples | 0.37% | ₹244 Cr | +0.36% | +0.39% | — |
| Aditya Infotech Ltd. | Communication | 0.34% | ₹227 Cr | — | — | — |
| Manipal Health Enterprises Ltd. | Healthcare | 0.27% | ₹177 Cr | — | — | — |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.17% | ₹116 Cr | +0.17% | +0.20% | +0.19% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| L&T Finance Ltd. | 2.86% | 0.01% | -2.85% |
| Gland Pharma Ltd. | 0.00% | 1.60% | +1.60% |
| PI Industries Ltd. | 1.03% | 0.06% | -0.98% |
| Avalon Technologies Ltd. | 0.00% | 0.83% | +0.83% |
| Power Finance Corporation Ltd. | 0.69% | 0.00% | -0.69% |
| BSE Ltd. | 0.58% | 0.00% | -0.58% |
| Molbio Diagnostics Ltd. | 0.00% | 0.54% | +0.54% |
| Kei Industries Ltd. | 2.95% | 2.45% | -0.50% |
| Aditya Infotech Ltd. | 0.00% | 0.34% | +0.34% |
| Metro Brands Ltd. | 1.07% | 1.29% | +0.22% |
| Oracle Financial Services Software Ltd. | 1.65% | 1.49% | -0.15% |
| Ipca Laboratories Ltd. | 3.42% | 3.57% | +0.15% |
| Schaeffler India Ltd. | 2.22% | 2.36% | +0.15% |
| Mphasis Ltd. | 2.70% | 2.57% | -0.14% |
| Emcure Pharmaceuticals Ltd. | 1.12% | 1.26% | +0.14% |
| The Federal Bank Ltd. | 2.76% | 2.62% | -0.13% |
| Apar Industries Ltd. | 1.45% | 1.34% | -0.11% |
| Solar Industries India Ltd. | 2.30% | 2.41% | +0.11% |
| Lenskart Solutions Ltd. | 0.95% | 0.84% | -0.10% |
| Indian Bank | 2.34% | 2.24% | -0.10% |
| Fortis Healthcare Ltd. | 3.58% | 3.49% | -0.09% |
| Billionbrains Garage Ventures Ltd. | 1.32% | 1.41% | +0.09% |
| Max Healthcare Institute Ltd. | 0.92% | 1.01% | +0.09% |
| Prudent Corporate Advisory Services Ltd. | 0.98% | 0.90% | -0.09% |
| Swiggy Ltd. | 1.64% | 1.55% | -0.08% |
| Max Financial Services Ltd. | 1.26% | 1.18% | -0.08% |
| ICICI Lombard General Insurance Company Ltd. | 0.94% | 1.02% | +0.08% |
| Cholamandalam Investment and Finance Company Ltd. | 1.15% | 1.07% | -0.08% |
| Vishal Mega Mart Ltd. | 3.11% | 3.04% | -0.07% |
| Bank of Maharashtra | 2.09% | 2.16% | +0.07% |
| Eternal Ltd. | 1.65% | 1.72% | +0.07% |
| Ratnamani Metals & Tubes Ltd. | 0.70% | 0.77% | +0.07% |
| Deepak Nitrite Ltd. | 1.00% | 0.94% | -0.06% |
| Piramal Finance Ltd. | 1.28% | 1.22% | -0.06% |
| Dixon Technologies (India) Ltd. | 0.49% | 0.43% | -0.06% |
| Blue Star Ltd. | 1.09% | 1.15% | +0.06% |
| Avanti Feeds Ltd. | 0.84% | 0.78% | -0.06% |
| SRF Ltd. | 1.46% | 1.51% | +0.05% |
| JK Cement Ltd. | 1.03% | 1.08% | +0.05% |
| Rubicon Research Ltd. | 0.96% | 0.92% | -0.05% |
| Biocon Ltd. | 1.07% | 1.03% | -0.04% |
| HDB Financial Services Ltd. | 1.50% | 1.46% | -0.04% |
| Nippon Life India Asset Management Ltd. | 1.56% | 1.53% | -0.04% |
| Voltas Ltd. | 0.87% | 0.83% | -0.04% |
| Dalmia Bharat Ltd. | 1.21% | 1.17% | -0.04% |
| Techno Electric & Engineering Company Ltd. | 0.35% | 0.39% | +0.03% |
| India Shelter Finance Corporation Ltd. | 0.67% | 0.70% | +0.03% |
| City Union Bank Ltd. | 0.56% | 0.59% | +0.03% |
| Poonawalla Fincorp Ltd. | 1.28% | 1.31% | +0.03% |
| Hindustan Petroleum Corporation Ltd. | 1.19% | 1.22% | +0.03% |
| Bharti Hexacom Ltd. | 2.03% | 2.00% | -0.03% |
| GE Vernova T&D India Ltd | 2.42% | 2.45% | +0.03% |
| Bharat Forge Ltd. | 1.25% | 1.22% | -0.03% |
| Global Health Ltd. | 1.84% | 1.82% | -0.02% |
| Oberoi Realty Ltd. | 2.09% | 2.11% | +0.02% |
| Aster DM Quality Care Ltd. | 1.56% | 1.54% | -0.02% |
| Coromandel International Ltd. | 1.53% | 1.51% | -0.02% |
| UNO Minda Ltd. | 0.89% | 0.87% | -0.02% |
| Torrent Pharmaceuticals Ltd. | 1.23% | 1.25% | +0.02% |
| Jindal Steel Ltd. | 0.87% | 0.89% | +0.02% |
| Persistent Systems Ltd. | 1.59% | 1.60% | +0.01% |
| Nuvama Wealth Management Ltd. | 1.59% | 1.60% | +0.01% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.16% | 0.17% | +0.01% |
| REC Ltd. | 0.99% | 0.98% | -0.01% |
| United Spirits Ltd. | 0.38% | 0.37% | -0.01% |
| Apollo Hospitals Enterprise Ltd. | 0.56% | 0.55% | -0.01% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.00% | 0.99% | -0.01% |
| Apollo Tyres Ltd. | 0.68% | 0.67% | -0.01% |
| Home First Finance Company India Ltd. | 0.62% | 0.63% | +0.01% |
| Bharat Electronics Ltd. | 1.95% | 1.96% | 0.00% |
| Manipal Health Enterprises Ltd. | 0.27% | 0.27% | 0.00% |
| MRF Ltd. | 0.92% | 0.92% | 0.00% |
| Birlasoft Ltd. | 0.76% | 0.76% | 0.00% |
| Others | 0.02% | 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 | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — |
 ICICI Prudential Mid Cap Fund | ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid companies.
Fund managers
- Atul BholeMr. Bhole is a B.Com (H), Chartered Accountant and MMS.Prior to joining Kotak Mahindra Mutual Fund he has worked with DSP Mutual Fund Tata Mutual Fund, JP Morgan Services Pvt. Ltd. and SBI Treasury.
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 months−0.50% absolute | ₹60,000 | ₹59,700 | −0.50% | |
| 1 year1.32% annualised | ₹1,20,000 | ₹1,20,861 | 0.72% | |
| 3 years14.57% annualised | ₹3,60,000 | ₹4,53,601 | 26.00% | |
| 5 years13.56% annualised | ₹6,00,000 | ₹8,61,358 | 43.56% |
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 Mid Cap Fund?
The NAV of Kotak Mid Cap Fund is ₹139.45 as on 9 Nov 2026.
What is the expense ratio of Kotak Mid Cap Fund?
The expense ratio of Kotak Mid Cap Fund is 1.51% per year.
What is the minimum SIP amount for Kotak Mid Cap Fund?
You can start a SIP in Kotak Mid Cap Fund with ₹3,000 a month.
What returns has Kotak Mid Cap Fund given?
Kotak Mid Cap Fund has returned 1.3% over 1 year, 7.2% over 3 years and 13.5% over 5 years (annualised).
Is there a lock-in or exit load on Kotak 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 Mid Cap Fund?
Kotak Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages Kotak Mid Cap Fund?
Kotak Mid Cap Fund is managed by Kotak Mahindra Mutual Fund, which runs 97 schemes with ₹6,34,000 Cr under management.