Kotak Aggressive Hybrid Fund vs Kotak Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Aggressive Hybrid Fund is an Aggressive Hybrid fund and Kotak Large & Mid Cap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, Kotak Aggressive Hybrid Fund (Direct) returned 12.2% a year and Kotak Large & Mid Cap Fund (Direct) returned 12.6% a year. Kotak Aggressive Hybrid Fund charges 0.64% a year and Kotak Large & Mid Cap Fund 0.66% (Direct plans). Their portfolios overlap 38.2%: they hold 27 of the same securities.
Kotak Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 12.2%
- Expense ratio
- 0.64%
- NAV
- ₹45.27
Kotak Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 12.6%
- Expense ratio
- 0.66%
- NAV
- ₹382.26
Which is better, Kotak Aggressive Hybrid or Kotak Large & 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.
- Kotak Large & Mid Cap returned more over 5 years: 12.3% a year against 10.8%.
- Kotak Large & Mid Cap returned more over 3 years: 12.6% a year against 12.2%.
- Kotak Aggressive Hybrid costs less: 0.64% a year against 0.66% (Direct plans).
- Kotak Aggressive Hybrid swung less over 3 years: a standard deviation of 11.7% a year against 14.9%.
- Kotak Large & Mid Cap fell less in its worst fall since 02-01-2013: −36.0% against −47.4%.
- Kotak Large & Mid Cap is the larger fund: ₹30,581 Cr against ₹9,040 Cr.
- Their portfolios overlap 38.2%: 27 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 | Kotak Aggressive Hybrid Fund | Kotak Large & Mid Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Aggressive Hybrid | Large & Mid Cap |
| AUM | ₹9,040 Cr (30-09-2026) | ₹30,581 Cr (30-09-2026) |
| NAV | ₹45.27 (Direct) | ₹382.26 (Direct) |
| Expense ratio (Direct) | 0.64% | 0.66% |
| Expense ratio (Regular) | 1.89% | 1.67% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 65:35 Index TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 29-11-1999 | 09-09-2004 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Atul Bhole, Abhishek Bisen | Harsha Upadhyaya |
| Exit load | For redemptions / switch outs of upto 8% 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. | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Kotak Aggressive Hybrid vs Kotak Large & 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 |
|---|---|---|---|---|---|---|---|
| Kotak Aggressive Hybrid Fund (Direct) | −1.41% | −4.66% | −1.21% | −2.74% | +12.17% | +10.82% | +10.18% |
| Kotak Large & Mid Cap Fund (Direct) | −1.69% | −6.70% | −3.25% | −5.81% | +12.56% | +12.27% | +14.50% |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 29 Aggressive Hybrid funds and the 36 Large & Mid Cap funds, same plan type.
Kotak Aggressive Hybrid vs Kotak Large & Mid Cap: Year-wise Returns
| Year | Aggressive HybridKotak Aggressive Hybrid | Large & Mid CapKotak Large & Mid Cap |
|---|---|---|
| 2026to date | −1.60% | −5.94% |
| 2025 | +5.48% | +6.68% |
| 2024 | +23.35% | +25.54% |
| 2023 | +21.73% | +30.85% |
| 2022 | +6.50% | +8.30% |
| 2021 | +30.66% | +32.03% |
Kotak Aggressive Hybrid vs Kotak Large & Mid Cap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Kotak Large & Mid Cap Fund
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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Aggressive Hybrid | 20.3 | 25.9 | 3.4 | 10.4 | 31.4 | 6.7 | 2.0 | 8.9% | 11.5% | −16.8% | 31.0% | 3% |
| Kotak Large & Mid Cap | 1.1 | 3.7 | 6.1 | 17.6 | 29.6 | 32.2 | 9.7 | 17.8% | 18.6% | −3.7% | 34.4% | 72% |
| NIFTY LargeMidcap 250 TRI | 0.0 | 0.0 | 3.0 | 12.6 | 38.3 | 35.1 | 11.1 | 19.5% | 19.5% | 5.5% | 36.1% | -- |
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 LargeMidcap 250 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 02-01-2013. Past returns do not promise future returns.
Kotak Aggressive Hybrid vs Kotak Large & 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 |
|---|---|---|---|---|
| Kotak Aggressive HybridKotak Aggressive Hybrid Fund (Direct) | ₹16,60,000 | ₹34,85,745 | ₹18,25,745 | 10.1% |
| Kotak Large & Mid CapKotak Large & Mid Cap Fund (Direct) | ₹16,60,000 | ₹52,52,777 | ₹35,92,777 | 15.4% |
Kotak Aggressive HybridKotak Aggressive Hybrid Fund (Direct)
Kotak Large & Mid CapKotak Large & 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.
Kotak Aggressive Hybrid vs Kotak Large & Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Aggressive Hybrid Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.74% | −5.81% |
| Standard deviation | 12.81% | 15.28% |
| Sharpe ratio | -0.62 | -0.72 |
| Sortino ratio | -0.84 | -0.97 |
| Maximum drawdown | −10.8% (30-03-2026) | −13.6% (31-03-2026) |
| Beta | -- | 1.01 |
| Alpha | -- | +0.80% |
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 | Kotak Aggressive Hybrid Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.17% | +12.56% |
| Standard deviation | 11.73% | 14.91% |
| Sharpe ratio | 0.52 | 0.44 |
| Sortino ratio | 0.71 | 0.59 |
| Maximum drawdown | −14.6% (28-02-2025) | −18.5% (28-02-2025) |
| Beta | -- | 0.98 |
| Alpha | -- | +1.12% |
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 | Kotak Aggressive Hybrid Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.82% | +12.27% |
| Standard deviation | 11.02% | 14.46% |
| Sharpe ratio | 0.46 | 0.45 |
| Sortino ratio | 0.61 | 0.60 |
| Maximum drawdown | −14.6% (28-02-2025) | −18.5% (28-02-2025) |
| Beta | -- | 0.95 |
| Alpha | -- | +1.89% |
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 | Kotak Aggressive Hybrid Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.85% | +15.66% |
| Standard deviation | 15.33% | 15.16% |
| Sharpe ratio | -0.08 | 0.63 |
| Sortino ratio | -0.09 | 0.85 |
| Maximum drawdown | −47.4% (23-03-2020) | −36.0% (23-03-2020) |
| 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Aggressive Hybrid Fund (Direct) | −47.4% | 18-01-2013 | 23-03-2020 | 24-05-2021 | 14 months | −6.6% |
| Kotak Large & Mid Cap Fund (Direct) | −36.0% | 24-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −8.5% |
| NIFTY LargeMidcap 250 TRI | −37.8% | 24-01-2020 | 23-03-2020 | 05-11-2020 | 7 months | −8.6% |
From daily values since 02-01-2013, 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 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.
Kotak Aggressive Hybrid Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Aggressive Hybrid Fund (Direct) | 77% | 73% | 5.54% |
| Kotak Large & Mid Cap Fund (Direct) | 94% | 86% | 4.17% |
From month-end values since 02-01-2013. 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.
Kotak Aggressive Hybrid vs Kotak Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Aggressive Hybrid Fund, September 2026; Kotak Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 38.2%
- Held by both
- 27
- Only in Kotak Aggressive Hybrid
- 80
- Only in Kotak Large & Mid Cap
- 41
| Security | % of Kotak Aggressive Hybrid | % of Kotak Large & Mid Cap |
|---|---|---|
| ETERNAL LIMITED | 3.25% | 3.77% |
| ICICI BANK LTD. | 2.98% | 3.03% |
| STATE BANK OF INDIA. | 2.87% | 3.92% |
| HDFC BANK LTD. | 2.50% | 4.52% |
| BHARTI AIRTEL LTD. | 2.90% | 2.18% |
| Bharat Electronics Ltd. | 2.04% | 3.56% |
| SHRIRAM FINANCE LIMITED | 2.54% | 1.77% |
| BAJAJ FINANCE LTD. | 1.74% | 2.12% |
| INDIAN BANK | 1.69% | 1.58% |
| Mphasis Ltd | 1.48% | 1.55% |
| IPCA Laboratories Ltd. | 1.40% | 1.59% |
| Infosys Ltd. | 1.47% | 1.30% |
| Dixon Technologies India Ltd | 1.69% | 1.28% |
| Fortis Healthcare India Ltd | 2.73% | 1.18% |
| Jindal Steel & Power Ltd | 1.13% | 1.93% |
| SRF LTD. | 1.07% | 1.41% |
| POONAWALLA FINCORP LIMITED | 0.99% | 1.18% |
| United Spirits Ltd | 1.05% | 0.96% |
| SWIGGY LTD | 0.94% | 1.06% |
| Schaeffler India Ltd | 0.91% | 1.27% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.90% | 1.90% |
| BANK OF MAHARASHTRA | 1.14% | 0.78% |
| JK Cement Ltd. | 0.75% | 1.00% |
| RELIANCE INDUSTRIES LTD. | 0.71% | 1.40% |
| Oberoi Realty Limited | 0.60% | 0.92% |
| Tech Mahindra Ltd. | 0.54% | 1.59% |
| BSE LTD | 0.38% | 2.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.2% means 38.2% 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 Kotak Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 2.50% |
| MOLBIO DIAGNOSTICS LIMITED | 2.17% |
| Central Government - 2064 | 1.97% |
| ROSSELL TECHSYS LTD. | 1.94% |
| GE VERNOVA T&D INDIA LIMITED | 1.73% |
Largest holdings only in Kotak Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| AXIS BANK LTD. | 2.41% |
| Larsen and Toubro Ltd. | 2.27% |
| BHARAT FORGE LTD. | 2.14% |
| Ashok Leyland Ltd. | 2.12% |
| Hero MotoCorp Ltd. | 2.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Aggressive Hybrid | Kotak Large & Mid Cap |
|---|---|---|
| Equity | 74.4% | 98.4% |
| Debt | 14.0% | 0.0% |
| Cash and others | 11.6% | 1.6% |
Market cap of stocks
| Market cap | Kotak Aggressive Hybrid | Kotak Large & Mid Cap |
|---|---|---|
| Large Cap | 39.0% | 48.5% |
| Mid Cap | 25.6% | 40.3% |
| Small Cap | 7.2% | 8.2% |
| Not on AMFI's list | 2.5% | 1.4% |
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 | Kotak Aggressive Hybrid | Kotak Large & Mid Cap |
|---|---|---|
| Banks | 11.2% | 18.7% |
| Finance | 10.7% | 7.6% |
| Pharmaceuticals and Biotechnology | 3.2% | 8.1% |
| Retailing | 5.3% | 4.8% |
| Healthcare Services | 5.1% | 2.2% |
| IT - Software | 5.0% | 4.4% |
| Capital Markets | 4.9% | 3.8% |
| Aerospace and Defense | 4.0% | 4.8% |
| Auto Components | 2.3% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Aggressive Hybrid vs Kotak Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Aggressive Hybrid Fund | Kotak Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 0.66% |
| Base expense ratio (Direct) | 0.45% | 0.50% |
| Total expense ratio (Regular) | 1.89% | 1.67% |
| Base expense ratio (Regular) | 1.51% | 1.35% |
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 Kotak Aggressive Hybrid with
Kotak Aggressive Hybrid Fund vs Kotak Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between Kotak Aggressive Hybrid Fund and Kotak Large & Mid Cap Fund?
Kotak Aggressive Hybrid Fund is an Aggressive Hybrid fund, Kotak Large & Mid Cap Fund is a Large & Mid Cap fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 38.2%. Kotak Aggressive Hybrid Fund charges 0.64% a year and Kotak Large & Mid Cap Fund 0.66%.
Which has given higher returns, Kotak Aggressive Hybrid Fund or Kotak Large & Mid Cap Fund?
Over 1 year: Kotak Aggressive Hybrid Fund −2.74%, Kotak Large & Mid Cap Fund −5.81%. Over 3 years: Kotak Aggressive Hybrid Fund +12.17% a year, Kotak Large & Mid Cap Fund +12.56% a year. Over 5 years: Kotak Aggressive Hybrid Fund +10.82% a year, Kotak Large & Mid Cap Fund +12.27% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Aggressive Hybrid Fund or Kotak Large & Mid Cap Fund?
Kotak Aggressive Hybrid Fund charges less: 0.64% a year against 0.66%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Aggressive Hybrid Fund and Kotak Large & Mid Cap Fund overlap?
38.2%. They hold 27 of the same securities, the largest shared ones being ETERNAL, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Kotak Aggressive Hybrid Fund or Kotak Large & Mid Cap Fund?
On SEBI's riskometer, Kotak Aggressive Hybrid Fund is rated Very High and Kotak Large & Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 11.73% and 14.91% a year.
Which is better for SIP, Kotak Aggressive Hybrid Fund or Kotak Large & Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,83,589 in Kotak Aggressive Hybrid Fund (XIRR 9.8% a year) and ₹7,94,160 in Kotak Large & Mid Cap Fund (XIRR 10.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Aggressive Hybrid Fund and Kotak Large & Mid Cap Fund?
Yes. 38.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Aggressive Hybrid Fund and Kotak Large & Mid Cap Fund?
Kotak Aggressive Hybrid Fund: Atul Bhole, Abhishek Bisen. Kotak Large & Mid Cap Fund: Harsha Upadhyaya.
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.