Axis Medium Term Fund vs Kotak Medium Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Medium Term Fund and Kotak Medium Term Fund are both Medium Duration funds. In the 3 years to 30-10-2026, Axis Medium Term Fund (Direct) returned 8.2% a year and Kotak Medium Term Fund (Direct) returned 8.6% a year. Axis Medium Term Fund charges 0.71% a year and Kotak Medium Term Fund 0.67% (Direct plans). Their portfolios overlap 14.7%: they hold 15 of the same securities.
Axis Medium Term Fund
Medium Duration
- 3 year return
- 8.2%
- Expense ratio
- 0.71%
- NAV
- ₹33.27
Kotak Medium Term Fund
Medium Duration
- 3 year return
- 8.6%
- Expense ratio
- 0.67%
- NAV
- ₹27.43
Which is better, Axis Medium Term or Kotak Medium Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Medium Term returned more over 5 years: 7.2% a year against 7.2%.
- Kotak Medium Term returned more over 3 years: 8.6% a year against 8.2%.
- Kotak Medium Term costs less: 0.67% a year against 0.71% (Direct plans).
- Axis Medium Term swung less over 3 years: a standard deviation of 1.2% a year against 1.4%.
- Axis Medium Term fell less in its worst fall since 25-03-2014: −2.5% against −5.2%.
- Axis Medium Term is the larger fund: ₹1,972 Cr against ₹1,912 Cr.
- Their portfolios overlap 14.7%: 15 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Medium Term Fund | Kotak Medium Term Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Medium Duration | Medium Duration |
| AUM | ₹1,972 Cr (30-09-2026) | ₹1,912 Cr (30-09-2026) |
| NAV | ₹33.27 (Direct) | ₹27.43 (Direct) |
| Expense ratio (Direct) | 0.71% | 0.67% |
| Expense ratio (Regular) | 1.32% | 1.63% |
| Riskometer | Moderately High | Moderately High |
| Benchmark | NIFTY Medium Duration Debt Index A-III | CRISIL Medium Duration Debt A-III Index |
| Launch date | 28-03-2012 | 21-03-2014 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Devang Shah, Akhil Thakker, Sachin Jain | Deepak Agrawal, Vihag Mishra |
| Exit load | NIL | NIL |
Axis Medium Term vs Kotak Medium Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Medium Term Fund (Direct) | −0.24% | +0.15% | +2.91% | +5.40% | +8.16% | +7.20% | +7.69% |
| Kotak Medium Term Fund (Direct) | −0.46% | +0.04% | +2.78% | +5.09% | +8.61% | +7.20% | +7.35% |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | +6.88% | +6.78% |
Category average: the average of the 13 Medium Duration funds, same plan type.
Axis Medium Term vs Kotak Medium Term: Year-wise Returns
| Year | AxisAxis Medium Term | KotakKotak Medium Term |
|---|---|---|
| 2026to date | +4.31% | +3.99% |
| 2025 | +8.91% | +9.94% |
| 2024 | +9.39% | +10.07% |
| 2023 | +8.04% | +7.17% |
| 2022 | +4.52% | +4.27% |
| 2021 | +5.95% | +5.71% |
Axis Medium Term vs Kotak Medium Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,330 of them, one for each trading day from 27-03-2017 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Medium Term Fund (Direct)
Kotak Medium Term Fund (Direct)
to
Jan 2018Aug 2016
to
Aug 2019Apr 2018
to
Apr 2021Nov 2019
to
Nov 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Medium Term | 0.0 | 0.0 | 92.8 | 7.2 | 0.0 | 0.0 | 0.0 | 8.3% | 8.3% | 6.0% | 12.0% |
| Kotak Medium Term | 0.0 | 0.0 | 91.6 | 8.4 | 0.0 | 0.0 | 0.0 | 8.0% | 7.7% | 5.5% | 11.5% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 25-03-2014. Past returns do not promise future returns.
Axis Medium Term vs Kotak Medium Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-03-2014 to 30-10-2026: 152 instalments, ₹15,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Medium TermAxis Medium Term Fund (Direct) | ₹15,20,000 | ₹25,56,397 | ₹10,36,397 | 7.9% |
| Kotak Medium TermKotak Medium Term Fund (Direct) | ₹15,20,000 | ₹25,21,953 | ₹10,01,953 | 7.7% |
Axis Medium TermAxis Medium Term Fund (Direct)
Kotak Medium TermKotak Medium Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Medium Term vs Kotak Medium Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Medium Term Fund (Direct) | Kotak Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.40% | +5.09% |
| Standard deviation | 1.40% | 1.70% |
| Sharpe ratio | 0.11 | -0.09 |
| Sortino ratio | 0.15 | -0.13 |
| Maximum drawdown | −0.7% (02-04-2026) | −1.2% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Medium Term Fund (Direct) | Kotak Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.16% | +8.61% |
| Standard deviation | 1.18% | 1.44% |
| Sharpe ratio | 1.81 | 1.80 |
| Sortino ratio | 2.72 | 2.67 |
| Maximum drawdown | −0.7% (02-04-2026) | −1.2% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Medium Term Fund (Direct) | Kotak Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.20% | +7.20% |
| Standard deviation | 1.25% | 1.46% |
| Sharpe ratio | 1.12 | 0.96 |
| Sortino ratio | 1.58 | 1.35 |
| Maximum drawdown | −1.2% (06-05-2022) | −1.5% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Medium Term Fund (Direct) | Kotak Medium Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.44% | +8.31% |
| Standard deviation | 2.44% | 1.92% |
| Sharpe ratio | 0.98 | 1.29 |
| Sortino ratio | 1.36 | 1.89 |
| Maximum drawdown | −7.3% (19-08-2013) | −5.2% (29-04-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Medium Term Fund (Direct)
Kotak Medium Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Medium Term Fund (Direct) | −2.5% | 09-03-2020 | 23-03-2020 | 20-04-2020 | 28 days | −0.4% |
| Kotak Medium Term Fund (Direct) | −5.2% | 04-03-2020 | 29-04-2020 | 30-06-2020 | 2 months | −0.9% |
From daily values since 25-03-2014, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Medium Term Fund (Direct)
Kotak Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Medium Term Fund (Direct)
Kotak Medium Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Medium Term Fund (Direct)
Kotak Medium Term Fund (Direct)
Axis Medium Term vs Kotak Medium Term: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Medium Term Fund, September 2026; Kotak Medium Term Fund, September 2026
Holdings in common
- Overlap
- 14.7%
- Held by both
- 15
- Only in Axis Medium Term
- 62
- Only in Kotak Medium Term
- 46
| Security | % of Axis Medium Term | % of Kotak Medium Term |
|---|---|---|
| Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028) | 2.03% | 4.72% |
| 8.65% Aadhar Housing Finance Limited (20/08/2027) | 2.55% | 1.84% |
| 8.60% Aditya Birla Renewables Limited (24/09/2027) | 1.77% | 3.14% |
| JTPM Metal Traders Limited (29/09/2028) (ZCB) | 1.37% | 5.64% |
| Capital Infra Trust | 1.03% | 1.32% |
| 7.71% Government of India (18/05/2066) | 1.01% | 2.35% |
| 7.73% Embassy Office Parks REIT (14/12/2029) | 1.01% | 2.59% |
| 7.55% L&T Metro Rail (Hyderabad) Limited (28/04/2035) | 0.98% | 5.04% |
| 6.9% Government of India (15/04/2065) | 1.96% | 0.94% |
| Siddhivinayak Securitisation Trust (28/09/2030) | 0.92% | 2.00% |
| Shivshakti Securitisation Trust (28/09/2029) | 0.92% | 1.75% |
| 9.31% Vedanta Limited (03/12/2027) | 0.51% | 2.64% |
| SBI - Corporate Debt Market Development Fund (CDMDF) - Class A2 | 0.32% | 0.31% |
| Embassy Office Parks REIT | 0.06% | 4.06% |
| Indus Infra Trust | 0.02% | 1.55% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.7% means 14.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Medium Term Fund
| Security | % of fund |
|---|---|
| 6.94% Government of India (11/05/2036) | 8.85% |
| Jubilant Beverages Limited (31/05/2028) (ZCB) | 3.69% |
| 8.58% GMR Hyderabad International Airport Limited (28/03/2034) | 3.29% |
| Jubilant Bevco Limited (31/05/2028) (ZCB) | 3.14% |
| 7.18% Tamilnadu State Development Loans (03/12/2033) | 3.14% |
Largest holdings only in Kotak Medium Term Fund
| Security | % of fund |
|---|---|
| ADANI POWER LTD | 4.68% |
| 360 ONE PRIME LTD.(^) | 3.94% |
| MAS FINANCIAL SERVICES LTD.(^) | 3.88% |
| Tata Steel Ltd. | 3.86% |
| ADITYA BIRLA REAL ESTATE LTD | 2.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Medium Term | Kotak Medium Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.0% | 86.2% |
| Cash and others | 5.0% | 13.8% |
Axis Medium Term vs Kotak Medium Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Medium Term Fund | Kotak Medium Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.71% | 0.67% |
| Base expense ratio (Direct) | 0.60% | 0.57% |
| Total expense ratio (Regular) | 1.32% | 1.63% |
| Base expense ratio (Regular) | 1.12% | 1.38% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Medium Term with
Axis Medium Term Fund vs Kotak Medium Term Fund: Frequently Asked Questions
What is the difference between Axis Medium Term Fund and Kotak Medium Term Fund?
Both are Medium Duration funds, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 14.7%. Axis Medium Term Fund charges 0.71% a year and Kotak Medium Term Fund 0.67%.
Which has given higher returns, Axis Medium Term Fund or Kotak Medium Term Fund?
Over 1 year: Axis Medium Term Fund +5.40%, Kotak Medium Term Fund +5.09%. Over 3 years: Axis Medium Term Fund +8.16% a year, Kotak Medium Term Fund +8.61% a year. Over 5 years: Axis Medium Term Fund +7.20% a year, Kotak Medium Term Fund +7.20% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Medium Term Fund or Kotak Medium Term Fund?
Kotak Medium Term Fund charges less: 0.67% a year against 0.71%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Medium Term Fund and Kotak Medium Term Fund overlap?
14.7%. They hold 15 of the same securities, the largest shared ones being Bamboo Hotel And Global Centre (Delhi) Private limited (31/01/2028), 8.65% Aadhar Housing Finance Limited (20/08/2027), 8.60% Aditya Birla Renewables Limited (24/09/2027). From each fund's latest monthly portfolio.
Which is riskier, Axis Medium Term Fund or Kotak Medium Term Fund?
On SEBI's riskometer, Axis Medium Term Fund is rated Moderately High and Kotak Medium Term Fund Moderately High. Over 3 years, the standard deviation of daily returns was 1.18% and 1.44% a year.
Which is better for SIP, Axis Medium Term Fund or Kotak Medium Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,38,914 in Axis Medium Term Fund (XIRR 7.5% a year) and ₹7,42,005 in Kotak Medium Term Fund (XIRR 7.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Axis Medium Term Fund and Kotak Medium Term Fund?
Yes. 14.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Medium Term Fund and Kotak Medium Term Fund?
Axis Medium Term Fund: Devang Shah, Akhil Thakker, Sachin Jain. Kotak Medium Term Fund: Deepak Agrawal, Vihag Mishra.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.