Kotak Mid Cap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹142.53-1.43%1 day
- Return since launch
- 14.7%
- 52-week range
- ₹121.48 — ₹148.83
- AUM
- ₹71,256 Cr
Kotak Mid Cap Fund is a Mid Cap equity fund from Kotak Mahindra Mutual Fund with ₹71,256 Cr under management, launched in 2007. Over three years it has returned 10.2% a year, against 15.7% for its category. The expense ratio is 1.48% 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 +4.1% against +5.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.0% | −0.4 pts | 6.4% | 6.0% |
| 2Y | 7.1% | −0.1 pts | 7.2% | 6.3% |
| 3Y | 10.2% | −5.6 pts | 15.7% | 8.5% |
| 5Y | 15.4% | +1.3 pts | 14.1% | 14.1% |
| 7Y | 19.3% | +0.8 pts | 18.5% | 17.4% |
| 10Y | 17.9% | +2.8 pts | 15.1% | 15.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.9% | −0.2 pts | -3.7% | -4.0% |
| 3M | -1.0% | −1.6 pts | 0.6% | -0.0% |
| 6M | 11.9% | −1.4 pts | 13.3% | 11.8% |
| 1Y | 4.1% | −2.3 pts | 6.4% | 5.2% |
| 2Y | 2.3% | +1.4 pts | 0.9% | 0.4% |
| 3Y | 16.1% | +0.4 pts | 15.7% | 14.5% |
| 5Y | 15.1% | +1.0 pts | 14.1% | 13.3% |
| 7Y | 20.7% | +0.9 pts | 19.7% | 18.2% |
| 10Y | 16.3% | +1.2 pts | 15.1% | 13.9% |
Since launch (12 Feb 2007): 14.7%
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 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.16%
- 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 | 1.41 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.71 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.88 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.76 | 18.53 | 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 31 Aug 2026
Asset allocation
- Equity97.0%
- Debt0.2%
- Other2.9%
Market cap split
- Large15.2%
- Mid69.5%
- Small15.3%
- P/E
- 30.45
- P/B
- 4.20
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Fortis Healthcare Ltd. | Healthcare | 3.58% | ₹2,548 Cr | +4.03% | +4.25% | +3.95% |
| Ipca Laboratories Ltd. | Healthcare | 3.42% | ₹2,439 Cr | +2.91% | +2.98% | +2.92% |
| Vishal Mega Mart Ltd. | Services | 3.11% | ₹2,218 Cr | +2.67% | +2.12% | +2.91% |
| Kei Industries Ltd. | Capital Goods | 2.95% | ₹2,103 Cr | +2.98% | +2.90% | +2.16% |
| Others | Others | 2.86% | ₹2,036 Cr | -0.77% | -1.88% | -0.85% |
| L&T Finance Ltd. | Financial | 2.86% | ₹2,036 Cr | +2.27% | +1.97% | +0.88% |
| The Federal Bank Ltd. | Financial | 2.76% | ₹1,964 Cr | +2.14% | +1.71% | +1.18% |
| Mphasis Ltd. | Technology | 2.70% | ₹1,927 Cr | +2.79% | +2.89% | +3.23% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.60% | ₹1,855 Cr | +4.20% | +3.77% | +6.47% |
| GE Vernova T&D India Ltd | Capital Goods | 2.42% | ₹1,726 Cr | +4.22% | +5.08% | +3.78% |
| Indian Bank | Financial | 2.34% | ₹1,666 Cr | +2.37% | +2.80% | +1.87% |
| Solar Industries India Ltd. | Chemicals | 2.30% | ₹1,636 Cr | +2.55% | +2.16% | +2.39% |
| Schaeffler India Ltd. | Capital Goods | 2.22% | ₹1,580 Cr | +1.92% | +2.05% | +1.97% |
| Bank of Maharashtra | Financial | 2.09% | ₹1,488 Cr | +2.10% | +1.52% | — |
| Oberoi Realty Ltd. | Construction | 2.09% | ₹1,487 Cr | +0.05% | +0.07% | +2.26% |
| Bharti Hexacom Ltd. | Communication | 2.03% | ₹1,444 Cr | +1.76% | +1.93% | +2.25% |
| Bharat Electronics Ltd. | Capital Goods | 1.95% | ₹1,392 Cr | +2.13% | +2.42% | +2.18% |
| Global Health Ltd. | Healthcare | 1.84% | ₹1,314 Cr | +1.63% | +1.55% | +1.81% |
| Eternal Ltd. | Services | 1.65% | ₹1,175 Cr | +2.04% | +1.35% | +1.86% |
| Oracle Financial Services Software Ltd. | Technology | 1.65% | ₹1,174 Cr | +0.05% | +1.72% | +2.23% |
| Swiggy Ltd. | Services | 1.64% | ₹1,166 Cr | +1.65% | +1.77% | +2.97% |
| Nuvama Wealth Management Ltd. | Financial | 1.59% | ₹1,132 Cr | +1.57% | +1.21% | +1.30% |
| Persistent Systems Ltd. | Technology | 1.59% | ₹1,130 Cr | +1.62% | +1.51% | +2.02% |
| Nippon Life India Asset Management Ltd. | Financial | 1.56% | ₹1,115 Cr | +1.62% | +1.44% | — |
| Aster DM Quality Care Ltd. | Healthcare | 1.56% | ₹1,112 Cr | +0.89% | +0.70% | +0.54% |
| Coromandel International Ltd. | Chemicals | 1.53% | ₹1,092 Cr | +1.55% | +2.06% | +2.32% |
| HDB Financial Services Ltd. | Financial | 1.50% | ₹1,066 Cr | +1.61% | +1.79% | +1.01% |
| SRF Ltd. | Chemicals | 1.46% | ₹1,039 Cr | +1.70% | +1.69% | +1.76% |
| Apar Industries Ltd. | Consumer Staples | 1.45% | ₹1,035 Cr | +2.22% | +2.06% | +1.27% |
| company:20319 | Financial | 1.32% | ₹942 Cr | — | — | — |
| Piramal Finance Ltd. | Financial | 1.28% | ₹914 Cr | +1.18% | +0.48% | — |
| Poonawalla Fincorp Ltd. | Financial | 1.28% | ₹912 Cr | +1.16% | +0.78% | — |
| Max Financial Services Ltd. | Financial | 1.26% | ₹899 Cr | +1.47% | +1.67% | +1.40% |
| Bharat Forge Ltd. | Automobile | 1.25% | ₹890 Cr | +1.28% | +1.31% | +1.13% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.23% | ₹877 Cr | — | — | — |
| Dalmia Bharat Ltd. | Materials | 1.21% | ₹862 Cr | +1.25% | +1.50% | +0.05% |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.19% | ₹845 Cr | +1.41% | +1.54% | +1.60% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.15% | ₹816 Cr | +1.66% | +1.96% | +1.59% |
| Emcure Pharmaceuticals Ltd. | Healthcare | 1.12% | ₹801 Cr | — | — | — |
| Blue Star Ltd. | Consumer Discretionary | 1.09% | ₹775 Cr | +1.30% | +1.66% | +1.75% |
| Biocon Ltd. | Healthcare | 1.07% | ₹765 Cr | — | — | — |
| Metro Brands Ltd. | Consumer Discretionary | 1.07% | ₹763 Cr | +1.21% | +1.27% | +1.41% |
| PI Industries Ltd. | Chemicals | 1.03% | ₹737 Cr | +0.13% | +1.50% | +1.84% |
| JK Cement Ltd. | Materials | 1.03% | ₹735 Cr | +1.94% | +2.22% | +2.96% |
| Deepak Nitrite Ltd. | Chemicals | 1.00% | ₹714 Cr | +1.06% | +1.03% | +1.25% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.00% | ₹710 Cr | +0.81% | +0.88% | +0.89% |
| REC Ltd. | Financial | 0.99% | ₹703 Cr | +0.69% | +0.46% | +0.50% |
| Prudent Corporate Advisory Services Ltd. | Financial | 0.98% | ₹701 Cr | +0.80% | +0.73% | +0.94% |
| Rubicon Research Ltd. | Healthcare | 0.96% | ₹688 Cr | +0.59% | +0.43% | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.95% | ₹676 Cr | +0.65% | +0.70% | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.94% | ₹668 Cr | +1.18% | +1.31% | +1.38% |
| Max Healthcare Institute Ltd. | Healthcare | 0.92% | ₹657 Cr | +0.80% | +0.94% | +1.08% |
| MRF Ltd. | Automobile | 0.92% | ₹654 Cr | +0.92% | +1.10% | +1.19% |
| UNO Minda Ltd. | Automobile | 0.89% | ₹635 Cr | +0.85% | +0.96% | +1.55% |
| Jindal Steel Ltd. | Metals & Mining | 0.87% | ₹620 Cr | +0.96% | +1.04% | +0.86% |
| Voltas Ltd. | Consumer Discretionary | 0.87% | ₹620 Cr | +1.00% | +1.31% | +1.25% |
| Avanti Feeds Ltd. | Consumer Staples | 0.84% | ₹599 Cr | +1.20% | +1.04% | — |
| Birlasoft Ltd. | Technology | 0.76% | ₹540 Cr | +0.91% | +1.17% | +1.20% |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 0.70% | ₹502 Cr | +0.75% | +0.75% | +0.80% |
| Power Finance Corporation Ltd. | Financial | 0.69% | ₹494 Cr | +1.64% | +1.66% | +1.65% |
| Apollo Tyres Ltd. | Automobile | 0.68% | ₹487 Cr | +0.68% | +0.82% | +0.90% |
| India Shelter Finance Corporation Ltd. | Financial | 0.67% | ₹477 Cr | +0.87% | +0.87% | +0.79% |
| Home First Finance Company India Ltd. | Financial | 0.62% | ₹445 Cr | +0.63% | +0.67% | +0.78% |
| BSE Ltd. | Services | 0.58% | ₹414 Cr | +1.39% | +1.47% | +0.76% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.56% | ₹400 Cr | +0.57% | — | — |
| City Union Bank Ltd. | Financial | 0.56% | ₹398 Cr | — | — | — |
| United Spirits Ltd. | Consumer Staples | 0.38% | ₹268 Cr | +0.35% | +0.40% | — |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 0.35% | ₹250 Cr | +0.42% | +0.48% | +0.68% |
| Manipal Health Enterprises Ltd. | Healthcare | 0.27% | ₹191 Cr | — | — | — |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.16% | ₹116 Cr | +0.18% | +0.18% | +0.19% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kei Industries Ltd. | 0.17% | 2.95% | +2.78% |
| Oberoi Realty Ltd. | 0.01% | 2.09% | +2.08% |
| Eternal Ltd. | 3.24% | 1.65% | -1.59% |
| Swiggy Ltd. | 0.09% | 1.64% | +1.55% |
| company:20319 | 0.00% | 1.32% | +1.32% |
| Cholamandalam Investment and Finance Company Ltd. | 1.80% | 1.15% | -0.66% |
| Aster DM Quality Care Ltd. | 1.10% | 1.56% | +0.46% |
| Apar Industries Ltd. | 1.91% | 1.45% | -0.45% |
| Ipca Laboratories Ltd. | 3.12% | 3.42% | +0.31% |
| Lenskart Solutions Ltd. | 1.25% | 0.95% | -0.30% |
| Fortis Healthcare Ltd. | 3.83% | 3.58% | -0.26% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.75% | 1.00% | +0.24% |
| Power Finance Corporation Ltd. | 0.90% | 0.69% | -0.21% |
| PI Industries Ltd. | 1.24% | 1.03% | -0.20% |
| Blue Star Ltd. | 1.28% | 1.09% | -0.20% |
| REC Ltd. | 1.17% | 0.99% | -0.18% |
| Coromandel International Ltd. | 1.71% | 1.53% | -0.18% |
| Metro Brands Ltd. | 1.22% | 1.07% | -0.15% |
| Rubicon Research Ltd. | 0.81% | 0.96% | +0.15% |
| Torrent Pharmaceuticals Ltd. | 1.38% | 1.23% | -0.15% |
| Bharti Hexacom Ltd. | 2.17% | 2.03% | -0.14% |
| Solar Industries India Ltd. | 2.16% | 2.30% | +0.14% |
| Oracle Financial Services Software Ltd. | 1.51% | 1.65% | +0.14% |
| Dixon Technologies (India) Ltd. | 0.36% | 0.49% | +0.13% |
| Voltas Ltd. | 1.00% | 0.87% | -0.13% |
| Hindustan Petroleum Corporation Ltd. | 1.30% | 1.19% | -0.11% |
| Manipal Health Enterprises Ltd. | 0.16% | 0.27% | +0.11% |
| Emcure Pharmaceuticals Ltd. | 1.02% | 1.12% | +0.11% |
| Piramal Finance Ltd. | 1.18% | 1.28% | +0.10% |
| Biocon Ltd. | 0.97% | 1.07% | +0.10% |
| Avanti Feeds Ltd. | 0.94% | 0.84% | -0.10% |
| India Shelter Finance Corporation Ltd. | 0.77% | 0.67% | -0.10% |
| Indian Bank | 2.24% | 2.34% | +0.10% |
| The Federal Bank Ltd. | 2.85% | 2.76% | -0.10% |
| JK Cement Ltd. | 1.12% | 1.03% | -0.09% |
| Bharat Forge Ltd. | 1.34% | 1.25% | -0.09% |
| Nuvama Wealth Management Ltd. | 1.68% | 1.59% | -0.09% |
| City Union Bank Ltd. | 0.47% | 0.56% | +0.09% |
| BSE Ltd. | 0.66% | 0.58% | -0.08% |
| SRF Ltd. | 1.54% | 1.46% | -0.08% |
| Prudent Corporate Advisory Services Ltd. | 0.91% | 0.98% | +0.08% |
| Schaeffler India Ltd. | 2.14% | 2.22% | +0.08% |
| Max Healthcare Institute Ltd. | 0.85% | 0.92% | +0.08% |
| Bharat Electronics Ltd. | 1.88% | 1.95% | +0.07% |
| ICICI Lombard General Insurance Company Ltd. | 1.00% | 0.94% | -0.06% |
| Ratnamani Metals & Tubes Ltd. | 0.65% | 0.70% | +0.06% |
| Vishal Mega Mart Ltd. | 3.06% | 3.11% | +0.05% |
| HDB Financial Services Ltd. | 1.55% | 1.50% | -0.05% |
| Birlasoft Ltd. | 0.81% | 0.76% | -0.05% |
| UNO Minda Ltd. | 0.85% | 0.89% | +0.04% |
| Jindal Steel Ltd. | 0.83% | 0.87% | +0.04% |
| Global Health Ltd. | 1.80% | 1.84% | +0.04% |
| Poonawalla Fincorp Ltd. | 1.32% | 1.28% | -0.04% |
| Persistent Systems Ltd. | 1.62% | 1.59% | -0.03% |
| Home First Finance Company India Ltd. | 0.66% | 0.62% | -0.03% |
| Nippon Life India Asset Management Ltd. | 1.59% | 1.56% | -0.03% |
| Max Financial Services Ltd. | 1.24% | 1.26% | +0.03% |
| Deepak Nitrite Ltd. | 0.98% | 1.00% | +0.02% |
| Mphasis Ltd. | 2.68% | 2.70% | +0.02% |
| Apollo Hospitals Enterprise Ltd. | 0.58% | 0.56% | -0.02% |
| MRF Ltd. | 0.94% | 0.92% | -0.02% |
| United Spirits Ltd. | 0.39% | 0.38% | -0.02% |
| Bank of Maharashtra | 2.08% | 2.09% | +0.01% |
| L&T Finance Ltd. | 2.85% | 2.86% | +0.01% |
| Techno Electric & Engineering Company Ltd. | 0.36% | 0.35% | -0.01% |
| Dalmia Bharat Ltd. | 1.21% | 1.21% | +0.01% |
| Others | 0.01% | 0.02% | +0.01% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.17% | 0.16% | 0.00% |
| Apollo Tyres Ltd. | 0.69% | 0.68% | 0.00% |
| GE Vernova T&D India Ltd | 2.42% | 2.42% | 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 | ₹13,775 Cr | 2.01% | 12.6% | 14.3% | 19.1% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.86% | 4.8% | 10.7% | 17.2% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 21.7% | 17.0% | 20.7% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 13.6% | 15.9% | 20.4% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.83% | 9.3% | 13.6% | 17.9% |
 WhiteOak Capital Mid Cap Fund | ₹7,485 Cr | 2.25% | 13.5% | 14.5% | — |
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 months11.92% absolute | ₹60,000 | ₹67,152 | 11.92% | |
| 1 year4.08% annualised | ₹1,20,000 | ₹1,22,685 | 2.24% | |
| 3 years16.13% annualised | ₹3,60,000 | ₹4,65,317 | 29.25% | |
| 5 years15.11% annualised | ₹6,00,000 | ₹8,99,598 | 49.93% |
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 ₹142.53 as on 24 Sep 2026.
What is the expense ratio of Kotak Mid Cap Fund?
The expense ratio of Kotak Mid Cap Fund is 1.48% 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 6.0% over 1 year, 10.2% over 3 years and 15.4% 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 94 schemes with ₹6,09,561 Cr under management.