Axis NIFTY Midcap 50 Index Fund vs Kotak Nifty Midcap 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis NIFTY Midcap 50 Index Fund is an Index fund and Kotak Nifty Midcap 50 Index Fund is an Index fund. In the year to 30-10-2026, Axis NIFTY Midcap 50 Index Fund (Direct) returned −2.9% and Kotak Nifty Midcap 50 Index Fund (Direct) returned −3.0%. Axis NIFTY Midcap 50 Index Fund charges 0.37% a year and Kotak Nifty Midcap 50 Index Fund 0.47% (Direct plans). Their portfolios overlap 100.1%: they hold 50 of the same securities.
Axis NIFTY Midcap 50 Index Fund
Index
- 1 year return
- −2.9%
- Expense ratio
- 0.37%
- NAV
- ₹20.10
Kotak Nifty Midcap 50 Index Fund
Index
- 1 year return
- −3.0%
- Expense ratio
- 0.47%
- NAV
- ₹10.16
Which is better, Axis NIFTY Midcap 50 Index or Kotak Nifty Midcap 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis NIFTY Midcap 50 Index returned more over 1 year: −2.9% against −3.0%.
- Axis NIFTY Midcap 50 Index costs less: 0.37% a year against 0.47% (Direct plans).
- Axis NIFTY Midcap 50 Index fell less in its worst fall since 21-08-2024: −20.3% against −20.4%.
- Axis NIFTY Midcap 50 Index is the larger fund: ₹732 Cr against ₹83 Cr.
- Their portfolios overlap 100.1%: 50 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 NIFTY Midcap 50 Index Fund | Kotak Nifty Midcap 50 Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | Index |
| AUM | ₹732 Cr (30-09-2026) | ₹83 Cr (30-09-2026) |
| NAV | ₹20.10 (Direct) | ₹10.16 (Direct) |
| Expense ratio (Direct) | 0.37% | 0.47% |
| Expense ratio (Regular) | 1.16% | 1.08% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Midcap 50 TRI | NIFTY Midcap 50 TRI |
| Launch date | 28-03-2022 | 16-08-2024 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | 0.25% if redeemed / switched out within 7 days from the date of allotment/ Investment w.e.f., 24/03/2022 | Nil |
Axis NIFTY Midcap 50 Index vs Kotak Nifty Midcap 50 Index: 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 NIFTY Midcap 50 Index Fund (Direct) | −3.00% | −8.36% | −1.97% | −2.86% | +14.59% | -- | -- |
| Kotak Nifty Midcap 50 Index Fund (Direct) | −2.99% | −8.39% | −2.02% | −2.96% | -- | -- | -- |
Axis NIFTY Midcap 50 Index vs Kotak Nifty Midcap 50 Index: Year-wise Returns
| Year | AxisAxis NIFTY Midcap 50 Index | KotakKotak Nifty Midcap 50 Index | Nifty Midcap 50 TRI |
|---|---|---|---|
| 2026to date | −4.07% | −4.14% | −3.80% |
| 2025 | +8.32% | +8.02% | +8.61% |
| 2024 | +21.56% | -- | +22.16% |
| 2023 | +50.07% | -- | +51.42% |
Axis NIFTY Midcap 50 Index vs Kotak Nifty Midcap 50 Index: Rolling Returns
Every holding period of both funds, against Nifty Midcap 50 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 297 of them, one for each trading day from 21-08-2025 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 NIFTY Midcap 50 Index Fund (Direct)
Kotak Nifty Midcap 50 Index Fund (Direct)
Nifty Midcap 50 TRI
to
Sept 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis NIFTY Midcap 50 Index | 12.5 | 13.8 | 30.6 | 28.3 | 11.4 | 3.4 | 0.0 | 8.6% | 9.0% | −5.9% | 24.2% | 0% |
| Kotak Nifty Midcap 50 Index | 13.0 | 14.0 | 32.2 | 27.7 | 9.9 | 3.1 | 0.0 | 8.4% | 8.6% | −6.3% | 22.4% | 0% |
| Nifty Midcap 50 TRI | 12.1 | 12.5 | 30.3 | 26.9 | 14.8 | 3.4 | 0.0 | 9.0% | 9.3% | −5.7% | 24.6% | -- |
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. The benchmark is Nifty Midcap 50 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 21-08-2024. Past returns do not promise future returns.
Axis NIFTY Midcap 50 Index vs Kotak Nifty Midcap 50 Index: 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 01-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis NIFTY Midcap 50 IndexAxis NIFTY Midcap 50 Index Fund (Direct) | ₹2,70,000 | ₹2,74,321 | ₹4,321 | 1.4% |
| Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index Fund (Direct) | ₹2,70,000 | ₹2,73,861 | ₹3,861 | 1.2% |
Axis NIFTY Midcap 50 IndexAxis NIFTY Midcap 50 Index Fund (Direct)
Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index 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 NIFTY Midcap 50 Index vs Kotak Nifty Midcap 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis NIFTY Midcap 50 Index Fund (Direct) | Kotak Nifty Midcap 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.86% | −2.96% |
| Standard deviation | 16.82% | 16.84% |
| Sharpe ratio | -0.48 | -0.49 |
| Sortino ratio | -0.65 | -0.65 |
| Maximum drawdown | −14.5% (31-03-2026) | −14.5% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.30% | −0.40% |
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 NIFTY Midcap 50 Index Fund (Direct) | Kotak Nifty Midcap 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.44% | +0.17% |
| Standard deviation | 16.94% | 17.29% |
| Sharpe ratio | 0.62 | -0.32 |
| Sortino ratio | 0.83 | -0.43 |
| Maximum drawdown | −20.3% (28-02-2025) | −20.4% (28-02-2025) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.85% | −0.56% |
From daily NAVs, 31-03-2022 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 NIFTY Midcap 50 Index Fund (Direct)
Kotak Nifty Midcap 50 Index Fund (Direct)
Nifty Midcap 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis NIFTY Midcap 50 Index Fund (Direct) | −20.3% | 24-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −10.7% |
| Kotak Nifty Midcap 50 Index Fund (Direct) | −20.4% | 24-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −10.7% |
| Nifty Midcap 50 TRI | −20.2% | 24-09-2024 | 28-02-2025 | 27-10-2025 | 8 months | −10.6% |
From daily values since 21-08-2024, 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 NIFTY Midcap 50 Index Fund (Direct)
Kotak Nifty Midcap 50 Index Fund (Direct)
Nifty Midcap 50 TRI
Against Nifty Midcap 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis NIFTY Midcap 50 Index Fund (Direct) | 99% | 100% | 0.10% |
| Kotak Nifty Midcap 50 Index Fund (Direct) | 99% | 101% | 0.12% |
From month-end values since 21-08-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis NIFTY Midcap 50 Index vs Kotak Nifty Midcap 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis NIFTY Midcap 50 Index Fund, September 2026; Kotak Nifty Midcap 50 Index Fund, September 2026
Holdings in common
- Overlap
- 100.1%
- Held by both
- 50
- Only in Axis NIFTY Midcap 50 Index
- 0
- Only in Kotak Nifty Midcap 50 Index
- 0
| Security | % of Axis NIFTY Midcap 50 Index | % of Kotak Nifty Midcap 50 Index |
|---|---|---|
| Multi Commodity Exchange of India Limited | 3.92% | 3.92% |
| The Federal Bank Limited | 3.65% | 3.65% |
| Laurus Labs Limited | 3.59% | 3.59% |
| One 97 Communications Limited | 3.36% | 3.37% |
| Hero MotoCorp Limited | 3.17% | 3.17% |
| The Indian Hotels Company Limited | 2.98% | 2.98% |
| Bharat Heavy Electricals Limited | 2.82% | 2.82% |
| IndusInd Bank Limited | 2.76% | 2.77% |
| AU Small Finance Bank Limited | 2.73% | 2.74% |
| Persistent Systems Limited | 2.67% | 2.68% |
| Dixon Technologies (India) Limited | 2.54% | 2.54% |
| IDFC First Bank Limited | 2.52% | 2.52% |
| Bharat Forge Limited | 2.49% | 2.49% |
| GE Vernova T&D India Limited | 2.42% | 2.42% |
| Lupin Limited | 2.30% | 2.30% |
| Indus Towers Limited | 2.24% | 2.24% |
| Suzlon Energy Limited | 2.24% | 2.24% |
| Info Edge (India) Limited | 2.20% | 2.20% |
| Aurobindo Pharma Limited | 2.15% | 2.15% |
| Ashok Leyland Limited | 2.05% | 2.06% |
| FSN E-Commerce Ventures Limited | 2.04% | 2.04% |
| Marico Limited | 1.94% | 1.94% |
| Fortis Healthcare Limited | 1.87% | 1.87% |
| APL Apollo Tubes Limited | 1.86% | 1.86% |
| United Spirits Limited | 1.86% | 1.86% |
| ICICI Lombard General Insurance Company Limited | 1.80% | 1.80% |
| PB Fintech Limited | 1.76% | 1.76% |
| Swiggy Limited | 1.75% | 1.75% |
| REC Limited | 1.74% | 1.74% |
| Yes Bank Limited | 1.71% | 1.71% |
| Max Financial Services Limited | 1.70% | 1.70% |
| The Phoenix Mills Limited | 1.68% | 1.68% |
| SRF Limited | 1.67% | 1.67% |
| Glenmark Pharmaceuticals Limited | 1.64% | 1.64% |
| Hindustan Petroleum Corporation Limited | 1.57% | 1.57% |
| GMR Airports Limited | 1.54% | 1.54% |
| National Aluminium Company Limited | 1.42% | 1.42% |
| JSW Energy Limited | 1.41% | 1.41% |
| UPL Limited | 1.41% | 1.41% |
| Mankind Pharma Limited | 1.32% | 1.32% |
| Vishal Mega Mart Limited | 1.32% | 1.32% |
| NHPC Limited | 1.28% | 1.28% |
| NMDC Limited | 1.23% | 1.23% |
| Havells India Limited | 1.19% | 1.19% |
| Tube Investments of India Limited | 1.18% | 1.18% |
| Prestige Estates Projects Limited | 1.16% | 1.16% |
| Oil India Limited | 1.14% | 1.14% |
| Waaree Energies Limited | 1.06% | 1.06% |
| Dabur India Limited | 1.04% | 1.04% |
| Godrej Properties Limited | 1.03% | 1.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.1% means 100.1% 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 NIFTY Midcap 50 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Kotak Nifty Midcap 50 Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis NIFTY Midcap 50 Index | Kotak Nifty Midcap 50 Index |
|---|---|---|
| Equity | 100.1% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | -0.2% |
Market cap of stocks
| Market cap | Axis NIFTY Midcap 50 Index | Kotak Nifty Midcap 50 Index |
|---|---|---|
| Large Cap | 5.1% | 5.1% |
| Mid Cap | 95.1% | 95.1% |
| Small Cap | 0.0% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis NIFTY Midcap 50 Index | Kotak Nifty Midcap 50 Index |
|---|---|---|
| Banks | 13.4% | 13.4% |
| Pharmaceuticals & Biotechnology | 11.0% | 0.0% |
| Pharmaceuticals and Biotechnology | 0.0% | 11.0% |
| Electrical Equipment | 8.5% | 8.5% |
| Retailing | 7.3% | 7.3% |
| Financial Technology (Fintech) | 5.1% | 5.1% |
| Capital Markets | 3.9% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Axis NIFTY Midcap 50 Index vs Kotak Nifty Midcap 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis NIFTY Midcap 50 Index Fund | Kotak Nifty Midcap 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 0.47% |
| Base expense ratio (Direct) | 0.20% | 0.21% |
| Total expense ratio (Regular) | 1.16% | 1.08% |
| Base expense ratio (Regular) | 0.89% | 0.73% |
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.
Axis NIFTY Midcap 50 Index Fund vs Kotak Nifty Midcap 50 Index Fund: Frequently Asked Questions
What is the difference between Axis NIFTY Midcap 50 Index Fund and Kotak Nifty Midcap 50 Index Fund?
Axis NIFTY Midcap 50 Index Fund is an Index fund, Kotak Nifty Midcap 50 Index Fund is an Index fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 100.1%. Axis NIFTY Midcap 50 Index Fund charges 0.37% a year and Kotak Nifty Midcap 50 Index Fund 0.47%.
Which has given higher returns, Axis NIFTY Midcap 50 Index Fund or Kotak Nifty Midcap 50 Index Fund?
Over 1 year: Axis NIFTY Midcap 50 Index Fund −2.86%, Kotak Nifty Midcap 50 Index Fund −2.96%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis NIFTY Midcap 50 Index Fund or Kotak Nifty Midcap 50 Index Fund?
Axis NIFTY Midcap 50 Index Fund charges less: 0.37% a year against 0.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis NIFTY Midcap 50 Index Fund and Kotak Nifty Midcap 50 Index Fund overlap?
100.1%. They hold 50 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.
Which is riskier, Axis NIFTY Midcap 50 Index Fund or Kotak Nifty Midcap 50 Index Fund?
On SEBI's riskometer, Axis NIFTY Midcap 50 Index Fund is rated Very High and Kotak Nifty Midcap 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 16.82% and 16.84% a year.
Can I invest in both Axis NIFTY Midcap 50 Index Fund and Kotak Nifty Midcap 50 Index Fund?
Yes. 100.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis NIFTY Midcap 50 Index Fund and Kotak Nifty Midcap 50 Index Fund?
Axis NIFTY Midcap 50 Index Fund: Nandik Malik, Rohit Gautam. Kotak Nifty Midcap 50 Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.