Kotak Mid Cap Fund: Down 2.10% in a Year, but ₹10,000 Put In Three Years Ago Is ₹15,354 Now
Key Highlights
₹10,000 in Kotak Mid Cap Fund three years ago is ₹15,354 now (3 Nov 2026). 1-year −2.10%, 3-year 15.35% a year.
Returns as of: 3 November 2026
- ₹10,000 put in three years ago is worth ₹15,354 now
- 1-year return: −2.10%, lower than the category average of 0.26%
- 3-year return: 15.35% a year, lower than the category average of 15.47%
- Expense ratio (Direct plan): 0.55%, lower than the category average of 1.10%
- Assets: ₹66,613 crore at 30 September 2026
- Largest holding: IPCA Laboratories Ltd., 3.57% of the fund; the top ten are 27.75%
- Volatility over three years: 16.23% a year
A ₹10,000 investment in Kotak Mid Cap Fund three years ago is worth ₹15,354 now. The fund returned −2.10% over the past year within the Equity – Mid Cap Fund category. Its expense ratio is 0.55%. Total assets were ₹66,613 crore at 30 September 2026.
Kotak Mid Cap Fund: key details
| Fund house | Kotak Mahindra Mutual Fund |
| Category | Equity – Mid Cap Fund |
| Nifty Midcap 150 – TRI | |
| Expense ratio (Direct plan) | 0.55% |
| Assets | ₹66,613 crore (30 September 2026) |
| Minimum investment | ₹100 |
| ₹100 | |
| Exit load | Nil upto 10% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y |
| Fund managers | Atul Bhole |
Kotak Mid Cap Fund: returns
| Period | Fund return | Category average | Rank in category |
|---|---|---|---|
| 1 week | 2.55% | – | – |
| 1 month | −1.01% | – | – |
| 3 months | −8.12% | – | – |
| 6 months | −1.21% | – | – |
| 1 year (a year) | −2.10% | 0.26% (31 funds) | 24 of 31 |
| 3 years (a year) | 15.35% | 15.47% (29 funds) | 16 of 29 |
| 5 years (a year) | 14.62% | – | – |
The 1-year return of −2.10% is lower than the category average of 0.26%. Over three years, the fund returned 15.35% a year. This figure is lower than the category average of 15.47%.
Assets over recent months
| Month | Assets (₹ crore) |
|---|---|
| 30 April 2026 | 63,539 |
| 31 May 2026 | 64,749 |
| 30 June 2026 | 67,611 |
| 31 July 2026 | 69,283 |
| 31 August 2026 | 71,256 |
| 30 September 2026 | 66,613 |
Volatility and largest fall
| Measure | Fund | Category median |
|---|---|---|
| Volatility (annualised) | 16.23% | 16.58% |
| Largest fall from a high (16 December 2024 to 28 February 2025) | −20.87% | −21.24% |
The fund recorded a volatility of 16.23% a year. This is lower than the category median of 16.58%. The largest fall of the NAV from a high was −20.87%, which is smaller than the category median of −21.24%.
Portfolio: top holdings
| Holding | Sector | Value (₹ crore) | |
|---|---|---|---|
| IPCA Laboratories Ltd. | Pharmaceuticals and Biotechnology | 3.57% | 2,379 |
| Fortis Healthcare India Ltd | Healthcare Services | 3.49% | 2,322 |
| VISHAL MEGA MART LIMITED | Retailing | 3.04% | 2,025 |
| L&T FINANCE LTD | Finance | 2.71% | 1,807 |
| FEDERAL BANK LTD. | Banks | 2.62% | 1,747 |
| Mphasis Ltd | IT – Software | 2.57% | 1,710 |
| KEI Industries Ltd. | Industrial Products | 2.45% | 1,632 |
| GE VERNOVA T&D INDIA LIMITED | Electrical Equipment | 2.45% | 1,631 |
| Dixon Technologies India Ltd | Consumer Durables | 2.44% | 1,627 |
| Solar Industries India Limited | Chemicals and Petrochemicals | 2.41% | 1,602 |
| Sector | Weight |
|---|---|
| Finance | 10.08% |
| Pharmaceuticals and Biotechnology | 9.62% |
| Healthcare Services | 8.67% |
| Banks | 7.62% |
| Retailing | 7.16% |
| Auto Components | 7.04% |
| Type | Weight |
|---|---|
| Domestic Equities | 97.97% |
| Cash & Cash Equivalents and Net Assets | 1.85% |
| Domestic Mutual Funds Units | 0.17% |
| Change | Holding | Weight |
|---|---|---|
| Added | Gland Pharma Limited | 1.60% |
| Added | AVALON TECHNOLOGIES LTD. | 0.83% |
| Added | MOLBIO DIAGNOSTICS LIMITED | 0.54% |
| Added | ADITYA INFOTECH LIMITED | 0.34% |
| No longer held | Power Finance Corporation Ltd. | 0.69% before |
| No longer held | LTD | 0.58% before |
| Weight fell | KEI Industries Ltd. | 2.95% to 2.45% |
| Weight rose | Dixon Technologies India Ltd | 2.11% to 2.44% |
The ten largest holdings account for 27.75% of the fund. IPCA Laboratories Ltd. is the largest holding at 3.57%. Since the previous portfolio, the weight of Dixon Technologies India Ltd rose to 2.44%, while the weight of KEI Industries Ltd. fell to 2.45%.
Objective
The scheme states its objective as follows.
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.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Atul Bhole | 7 Years |
Kotak Mid Cap Fund: FAQs
What would ₹10,000 in the Kotak Mid Cap Fund be worth today?
₹10,000 put into the Direct Growth plan on 3 November 2023 would have been worth ₹15,354 on 3 November 2026. This is what happened over those three years, not a forecast.
What is the return of the Kotak Mid Cap Fund?
The Direct Growth plan returned −2.10% over one year to 3 November 2026, lower than the category average of 0.26%. Over three years it returned 15.35% a year.
What is the expense ratio of the Kotak Mid Cap Fund?
The expense ratio of the Direct plan is 0.55%; the average for 34 Direct plans in the category is 1.10%.
How large is the Kotak Mid Cap Fund?
Its assets were ₹66,613 crore at 30 September 2026.
What are the top holdings of the Kotak Mid Cap Fund?
At 30 September 2026 the largest holdings were IPCA Laboratories Ltd. (3.57%), Fortis Healthcare India Ltd (3.49%), VISHAL MEGA MART LIMITED (3.04%). The top ten made up 27.75% of the fund.
Who manages the Kotak Mid Cap Fund?
The fund is managed by Atul Bhole.
What is the minimum investment in the Kotak Mid Cap Fund?
The minimum investment is ₹100. The minimum is ₹100.
What is the exit load of the Kotak Mid Cap Fund?
The scheme states its exit load as: Nil upto 10% of investment and 1% for remaining investment on or before 1Y, Nil after 1Y
What is the benchmark of the Kotak Mid Cap Fund?
The scheme’s benchmark is the Nifty Midcap 150 – TRI.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.