ICICI Prudential Mid Cap Fund vs Kotak Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Mid Cap Fund and Kotak Mid Cap Fund are both Mid Cap funds. In the 3 years to 30-10-2026, ICICI Prudential Mid Cap Fund (Direct) returned 19.4% a year and Kotak Mid Cap Fund (Direct) returned 15.0% a year. ICICI Prudential Mid Cap Fund charges 1.10% a year and Kotak Mid Cap Fund 0.55% (Direct plans). Their portfolios overlap 21.9%: they hold 23 of the same securities.
ICICI Prudential Mid Cap Fund
Mid Cap
- 3 year return
- 19.4%
- Expense ratio
- 1.10%
- NAV
- ₹351.92
Which is better, ICICI Prudential Mid Cap or Kotak Mid Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Mid Cap returned more over 5 years: 14.8% a year against 14.5%.
- ICICI Prudential Mid Cap returned more over 3 years: 19.4% a year against 15.0%.
- Kotak Mid Cap costs less: 0.55% a year against 1.10% (Direct plans).
- Kotak Mid Cap swung less over 3 years: a standard deviation of 16.0% a year against 17.9%.
- Kotak Mid Cap fell less in its worst fall since 03-01-2013: −36.0% against −44.0%.
- Kotak Mid Cap is the larger fund: ₹66,613 Cr against ₹7,961 Cr.
- Their portfolios overlap 21.9%: 23 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 | ICICI Prudential Mid Cap Fund | Kotak Mid Cap Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹7,961 Cr (30-09-2026) | ₹66,613 Cr (30-09-2026) |
| NAV | ₹351.92 (Direct) | ₹155.01 (Direct) |
| Expense ratio (Direct) | 1.10% | 0.55% |
| Expense ratio (Regular) | 1.84% | 1.51% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 28-10-2004 | 30-03-2007 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Lalit Kumar, Sharmila D’silva | Atul Bhole |
| Exit load | • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment • 1% of the applicable NAV- If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment • NIL - If the units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment Nil If the amount sought to be redeemed or switched out more than 12 months. | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
ICICI Prudential Mid Cap vs Kotak Mid Cap: 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | −5.04% | −7.09% | −5.25% | +0.90% | +19.38% | +14.82% | +15.56% |
| Kotak Mid Cap Fund (Direct) | −3.71% | −8.87% | −3.43% | −4.47% | +14.97% | +14.46% | +16.42% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
ICICI Prudential Mid Cap vs Kotak Mid Cap: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Mid Cap | KotakKotak Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −0.75% | −2.41% | −4.97% |
| 2025 | +11.94% | +2.89% | +5.98% |
| 2024 | +28.12% | +35.02% | +24.46% |
| 2023 | +33.88% | +33.02% | +44.61% |
| 2022 | +4.12% | +6.44% | +3.91% |
| 2021 | +46.16% | +49.17% | +48.16% |
ICICI Prudential Mid Cap vs Kotak Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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.
ICICI Prudential Mid Cap Fund (Direct)
Kotak Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Mid Cap | 4.9 | 4.1 | 8.3 | 12.1 | 17.3 | 23.9 | 29.4 | 19.4% | 21.2% | −9.9% | 44.2% | 18% |
| Kotak Mid Cap | 2.3 | 3.8 | 5.6 | 11.3 | 12.3 | 28.1 | 36.5 | 21.9% | 22.7% | −5.9% | 48.3% | 64% |
| Nifty Midcap 150 TRI | 5.4 | 7.2 | 6.3 | 10.4 | 10.9 | 28.5 | 31.2 | 19.4% | 22.1% | −8.3% | 40.6% | -- |
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 150 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 03-01-2013. Past returns do not promise future returns.
ICICI Prudential Mid Cap vs Kotak Mid Cap: 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct) | ₹16,60,000 | ₹62,83,250 | ₹46,23,250 | 17.6% |
| Kotak Mid CapKotak Mid Cap Fund (Direct) | ₹16,60,000 | ₹69,29,920 | ₹52,69,920 | 18.9% |
ICICI Prudential Mid CapICICI Prudential Mid Cap Fund (Direct)
Kotak Mid CapKotak Mid Cap 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.
ICICI Prudential Mid Cap vs Kotak Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Mid Cap Fund (Direct) | Kotak Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.90% | −4.47% |
| Standard deviation | 18.40% | 16.19% |
| Sharpe ratio | -0.24 | -0.60 |
| Sortino ratio | -0.32 | -0.81 |
| Maximum drawdown | −14.9% (23-10-2026) | −13.4% (23-10-2026) |
| Beta | 1.07 | 0.95 |
| Alpha | +5.91% | −0.57% |
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 | ICICI Prudential Mid Cap Fund (Direct) | Kotak Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +19.38% | +14.97% |
| Standard deviation | 17.86% | 16.04% |
| Sharpe ratio | 0.75 | 0.56 |
| Sortino ratio | 1.01 | 0.75 |
| Maximum drawdown | −21.3% (07-04-2025) | −20.9% (28-02-2025) |
| Beta | 1.01 | 0.91 |
| Alpha | +5.47% | +1.87% |
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 | ICICI Prudential Mid Cap Fund (Direct) | Kotak Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.82% | +14.46% |
| Standard deviation | 16.77% | 15.08% |
| Sharpe ratio | 0.54 | 0.57 |
| Sortino ratio | 0.72 | 0.77 |
| Maximum drawdown | −21.3% (07-04-2025) | −20.9% (28-02-2025) |
| Beta | 0.97 | 0.87 |
| Alpha | +1.25% | +1.67% |
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 | ICICI Prudential Mid Cap Fund (Direct) | Kotak Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.30% | +18.97% |
| Standard deviation | 16.83% | 15.17% |
| Sharpe ratio | 0.73 | 0.85 |
| Sortino ratio | 0.98 | 1.14 |
| Maximum drawdown | −44.0% (23-03-2020) | −36.0% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Mid Cap Fund (Direct)
Kotak Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | −44.0% | 08-01-2018 | 23-03-2020 | 02-12-2020 | 8 months | −11.9% |
| Kotak Mid Cap Fund (Direct) | −36.0% | 07-02-2020 | 24-03-2020 | 12-11-2020 | 8 months | −11.0% |
| Nifty Midcap 150 TRI | −43.1% | 08-01-2018 | 23-03-2020 | 23-11-2020 | 8 months | −10.5% |
From daily values since 03-01-2013, 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.
ICICI Prudential Mid Cap Fund (Direct)
Kotak Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
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.
ICICI Prudential Mid Cap Fund (Direct)
Kotak Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
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.
ICICI Prudential Mid Cap Fund (Direct)
Kotak Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Mid Cap Fund (Direct) | 94% | 90% | 5.11% |
| Kotak Mid Cap Fund (Direct) | 94% | 85% | 4.81% |
From month-end values since 03-01-2013. 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.
ICICI Prudential Mid Cap vs Kotak Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Mid Cap Fund, September 2026; Kotak Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 21.9%
- Held by both
- 23
- Only in ICICI Prudential Mid Cap
- 57
- Only in Kotak Mid Cap
- 48
| Security | % of ICICI Prudential Mid Cap | % of Kotak Mid Cap |
|---|---|---|
| KEI Industries Ltd. | 2.45% | 2.45% |
| Ge Vernova T&D India Ltd. | 1.89% | 2.45% |
| Nippon Life India Asset Management Ltd | 2.21% | 1.53% |
| SRF Ltd. | 1.59% | 1.51% |
| Schaeffler India Ltd. | 1.39% | 2.36% |
| Apar Industries Ltd. | 5.98% | 1.34% |
| Hindustan Petroleum Corporation Ltd. | 5.43% | 1.22% |
| Bharat Forge Ltd. | 2.84% | 1.22% |
| Dixon Technologies (India) Ltd. | 1.19% | 2.87% |
| Oberoi Realty Ltd. | 1.01% | 2.11% |
| Jindal Steel Ltd. | 3.97% | 0.89% |
| UNO Minda Ltd. | 1.71% | 0.87% |
| Lenskart Solutions Ltd. | 1.17% | 0.84% |
| Bharti Hexacom Ltd. | 0.83% | 2.00% |
| Voltas Ltd. | 0.79% | 0.83% |
| Blue Star Ltd. | 0.68% | 1.25% |
| Deepak Nitrite Ltd. | 0.61% | 0.94% |
| Coromandel International Ltd. | 0.61% | 1.51% |
| PI Industries Ltd. | 0.45% | 1.05% |
| Ratnamani Metals & Tubes Ltd. | 0.21% | 0.77% |
| MRF Ltd. | 0.16% | 0.92% |
| Aditya Infotech Ltd | 0.14% | 0.34% |
| JK Cement Ltd. | 0.09% | 1.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.9% means 21.9% 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 ICICI Prudential Mid Cap Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange Of India Ltd. | 5.43% |
| APL Apollo Tubes Ltd. | 3.95% |
| BSE Ltd. | 3.93% |
| Jindal Stainless Ltd. | 2.92% |
| Muthoot Finance Ltd. | 2.83% |
Largest holdings only in Kotak Mid Cap Fund
| Security | % of fund |
|---|---|
| IPCA Laboratories Ltd. | 3.57% |
| Fortis Healthcare India Ltd | 3.49% |
| VISHAL MEGA MART LIMITED | 3.04% |
| L&T FINANCE LTD | 2.72% |
| FEDERAL BANK LTD. | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Mid Cap | Kotak Mid Cap |
|---|---|---|
| Equity | 97.9% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | 1.4% |
Market cap of stocks
| Market cap | ICICI Prudential Mid Cap | Kotak Mid Cap |
|---|---|---|
| Large Cap | 20.2% | 13.5% |
| Mid Cap | 68.1% | 66.5% |
| Small Cap | 9.6% | 17.8% |
| Not on AMFI's list | 0.0% | 0.8% |
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 | ICICI Prudential Mid Cap | Kotak Mid Cap |
|---|---|---|
| Capital Markets | 13.0% | 5.4% |
| Industrial Products | 12.1% | 3.2% |
| Finance | 3.2% | 10.1% |
| Auto Components | 9.9% | 7.0% |
| Electrical Equipment | 9.9% | 4.6% |
| Pharmaceuticals and Biotechnology | 0.0% | 9.6% |
| Healthcare Services | 0.2% | 8.7% |
| Ferrous Metals | 8.3% | 0.9% |
| Banks | 1.3% | 7.6% |
| Retailing | 1.5% | 7.2% |
| Chemicals & Petrochemicals | 6.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Mid Cap vs Kotak Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Mid Cap Fund | Kotak Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 0.55% |
| Base expense ratio (Direct) | 0.89% | 0.36% |
| Total expense ratio (Regular) | 1.84% | 1.51% |
| Base expense ratio (Regular) | 1.53% | 1.17% |
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 ICICI Prudential Mid Cap with
ICICI Prudential Mid Cap Fund vs Kotak Mid Cap Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Mid Cap Fund and Kotak Mid Cap Fund?
Both are Mid Cap funds, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 21.9%. ICICI Prudential Mid Cap Fund charges 1.10% a year and Kotak Mid Cap Fund 0.55%.
Which has given higher returns, ICICI Prudential Mid Cap Fund or Kotak Mid Cap Fund?
Over 1 year: ICICI Prudential Mid Cap Fund +0.90%, Kotak Mid Cap Fund −4.47%. Over 3 years: ICICI Prudential Mid Cap Fund +19.38% a year, Kotak Mid Cap Fund +14.97% a year. Over 5 years: ICICI Prudential Mid Cap Fund +14.82% a year, Kotak Mid Cap Fund +14.46% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Mid Cap Fund or Kotak Mid Cap Fund?
Kotak Mid Cap Fund charges less: 0.55% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Mid Cap Fund and Kotak Mid Cap Fund overlap?
21.9%. They hold 23 of the same securities, the largest shared ones being KEI, GVT&D, NAM-INDIA. From each fund's latest monthly portfolio.
Which is riskier, ICICI Prudential Mid Cap Fund or Kotak Mid Cap Fund?
On SEBI's riskometer, ICICI Prudential Mid Cap Fund is rated Very High and Kotak Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.86% and 16.04% a year.
Which is better for SIP, ICICI Prudential Mid Cap Fund or Kotak Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,91,500 in ICICI Prudential Mid Cap Fund (XIRR 14.9% a year) and ₹8,46,604 in Kotak Mid Cap Fund (XIRR 12.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Mid Cap Fund and Kotak Mid Cap Fund?
Yes. 21.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Mid Cap Fund and Kotak Mid Cap Fund?
ICICI Prudential Mid Cap Fund: Lalit Kumar, Sharmila D’silva. Kotak Mid Cap Fund: Atul Bhole.
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.