Kotak Mid Cap Fund
Kotak Mahindra Mutual Fund · Mid Cap · Regular plan, growth option
NAV (₹), 2 Oct 2026
136.7420
1-day change
-0.49%
1Y return
0.3%
3Y CAGR
14.3%
5Y CAGR
14.1%
Max drawdown, 5Y
−21.0%
NAV history month-end NAV, ₹ · 2 Apr 2007 to 1 Oct 2026
Returns vs Mid Cap median (34 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -7.2% | -6.3% |
| 3 months | -4.9% | -3.5% |
| 6 months | 9.9% | 11.2% |
| Year to date | 0.1% | 0.4% |
| 1 year | 0.3% | 3.6% |
| 3 years (CAGR) | 14.3% | 13.9% |
| 5 years (CAGR) | 14.1% | 13.0% |
| 7 years (CAGR) | 20.3% | 20.1% |
| 10 years (CAGR) | 15.8% | 14.6% |
| Since first NAV (CAGR) | 14.4% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 12.1% | 12.5% |
| 3Y rolling median | 19.8% | 19.0% |
| 3Y rolling worst | -11.6% | -7.3% |
| 3Y periods positive | 92% | 96% |
| 3Y periods ahead of benchmark | 10% | 22% |
| 5Y rolling median | 18.0% | 17.6% |
| 5Y rolling worst | -4.3% | -1.0% |
| 5Y periods ahead of benchmark | 5% | 3% |
Benchmark: Nifty Midcap 150 (proxy: Motilal Oswal Nifty Midcap 150 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.4% | 18.1% |
| Sharpe ratio | 0.47 | 0.48 |
| Sortino ratio | 0.69 | 0.73 |
| Beta | 0.95 | 0.95 |
| Alpha (ann.) | 0.9% | 1.1% |
| Upside capture | 96.45 | 96.30 |
| Downside capture | 94.19 | 93.90 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −72.0% | −37.4% |
| Maximum drawdown, last 10Y | −36.1% | −37.3% |
| Maximum drawdown, last 5Y | −21.0% | −21.6% |
| Current drawdown | −8.1% | −7.7% |
| Recovery time of worst fall | 1915 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 29 Sep 2026: TER increased from 1.50% to 1.51% (AMFI TER disclosure)
- 4 Sep 2026: TER increased from 1.49% to 1.50% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 1.50% to 1.49% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Atul Bhole | FM 1 Primary | 1 Jan 2022 |
Objective: The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid companies. The scheme may also invest in Debt and Money Market Instruments, as per the asset allocation table. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: The asset allocation under the Scheme, under normal circumstances, is as follows: A - Investments Indicative Allocation Risk Profile A Equity & Equity related Securities-65% to 100% B - Investments in equity and equity related instruments of Companies other than mid cap companies- 0% to 35% C - Debt & Money Market Instruments - 0% to 35% D - Units issued by InvITs - 0-10%
Benchmark (tier 1): Nifty Midcap 150 TRI
Exit load: For redemption / switch out of upto 10%of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% If units are redeemed or switched out on or after 1 year from the date of allotment: NIL Units issued on reinvestment of IDCW shall not be subject to entry and exit load.
Minimum application: Rs. 100/-
Allotment date: 30 Mar 2007
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.51% | 2.03% |
| AUM, whole scheme (₹ crore) | 69,941 | 7,604 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 1.5% | 4.6% TRI |
| Return, 3 years (AMFI) | 14.5% | 13.7% TRI |
| Return, 5 years (AMFI) | 14.2% | 14.8% TRI |
| Month-ends above category median (3Y CAGR) | 92% | 43% median |
| Month-ends in category top quartile (3Y) | 38% | 29% median |
| 7Y rolling CAGR, median (monthly windows) | 18.3% | 16.9% median |
Official benchmark: Nifty Midcap 150 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Mid Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Midcap 150 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 0.1% | -2.5% | +2.6% |
| 2025 | 1.8% | 5.8% | −4.0% |
| 2024 | 33.6% | 24.2% | +9.4% |
| 2023 | 31.5% | 44.3% | −12.8% |
| 2022 | 5.1% | 3.6% | +1.5% |
| 2021 | 47.3% | 46.9% | +0.4% |
| 2020 | 21.9% | 26.1% | −4.2% |
| 2019 | 8.9% | n/a | – |
| 2018 | -11.7% | n/a | – |
| 2017 | 43.0% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty Midcap 150 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 2 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,19,208 | -1.2% |
| 3 years | ₹3,60,000 | ₹4,00,820 | 7.1% |
| 5 years | ₹6,00,000 | ₹8,38,436 | 13.3% |
| 10 years | ₹12,00,000 | ₹29,29,080 | 17.0% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Mid Cap
Plan / option: Regular · Growth
AMFI scheme code: 104908
ISIN: INF174K01DS9
First NAV in MFIC data: 2 Apr 2007
History: 19.5 years
Expense ratio, AUM, portfolio: see the scheme's factsheet
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| LIC MF Mid Cap Fund | Mid Cap | 0.97 | 13.4% |
| DSP Multi Cap Fund | Multi Cap | 0.97 | n/a |
| UTI - Mid Cap Fund | Mid Cap | 0.97 | 9.3% |
| LIC MF Multi Cap Fund | Multi Cap | 0.97 | 15.0% |
| PGIM India Multi Cap Fund | Multi Cap | 0.97 | n/a |
| DSP Midcap Fund | Mid Cap | 0.97 | 11.4% |
Questions about Kotak Mid Cap Fund
- What is the latest NAV of Kotak Mid Cap Fund?
- The NAV of the Regular plan (growth option) was ₹136.7420 on 2 Oct 2026, as published by AMFI.
- Which category is Kotak Mid Cap Fund in?
- It is classified as Mid Cap in AMFI's daily NAV file; a Mid Cap scheme invests at least 65% in mid-cap stocks. MFIC compares it with 34 Mid Cap schemes (Regular plans).
- What returns has Kotak Mid Cap Fund delivered?
- Over one year the NAV changed by 0.3%. The 3-year CAGR is 14.3% (category median 13.9%) and the 5-year CAGR is 14.1% (category median 13.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 19.8%, the lowest was -11.6%, and 92% of 3-year periods ended with a gain. It was ahead of Nifty Midcap 150 (index-fund proxy) in 10% of those periods.
- What was the largest fall in Kotak Mid Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 72.0%; within the last five years it was 21.0% (category median 21.6%).
- How volatile is Kotak Mid Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.4%, which is above the Mid Cap category median of 18.1%.
- What would a monthly SIP in Kotak Mid Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,38,436 on 2 Oct 2026, an annualised return (XIRR) of 13.3%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Kotak Mid Cap Fund?
- The total expense ratio of the Regular plan is 1.51% a year, as disclosed to AMFI (median of Mid Cap Regular plans: 2.03%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Kotak Mid Cap Fund?
- Assets under management of the whole scheme were ₹69,941 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Mid Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Kotak Mid Cap Fund and how has it compared?
- Its official benchmark is the Nifty Midcap 150 TRI. Over 3 years AMFI reports a return of 14.5% for this plan against 13.7% for the benchmark total return index; over 5 years 14.2% against 14.8%. Past performance does not indicate future results.
- How often has Kotak Mid Cap Fund beaten its category?
- At 92% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Mid Cap schemes (Regular plans); it was in the top quarter at 38% of them. A typical scheme would show about 50%.
- Who manages Kotak Mid Cap Fund?
- According to its Scheme Summary Document, Kotak Mid Cap Fund is managed by Atul Bhole (since 1 Jan 2022).
- What is the exit load of Kotak Mid Cap Fund?
- As stated in its scheme documents: For redemption / switch out of upto 10%of the initial investment amount (limit) purchased or switched in within 1 year from the date of allotment: Nil. If units redeemed or switched out are in excess of the limit within 1 year from the date of allotment: 1% If units are redeemed or switched out on or after 1 year from the date of allotment: NIL Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Kotak Mid Cap Fund?
- The minimum application amount is Rs. 100/-. SIP details: SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 1.3% and the Regular plan's by 0.3%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 2 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.