Kotak Contra Fund vs Kotak Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Contra Fund is a Value and Contra fund and Kotak Large & Mid Cap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, Kotak Contra Fund (Direct) returned 13.7% a year and Kotak Large & Mid Cap Fund (Direct) returned 12.6% a year. Kotak Contra Fund charges 0.80% a year and Kotak Large & Mid Cap Fund 0.66% (Direct plans). Their portfolios overlap 57.2%: they hold 37 of the same securities.
Kotak Contra Fund
Value and Contra
- 3 year return
- 13.7%
- Expense ratio
- 0.80%
- NAV
- ₹170.58
Kotak Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 12.6%
- Expense ratio
- 0.66%
- NAV
- ₹382.26
Which is better, Kotak Contra 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 Contra returned more over 5 years: 12.6% a year against 12.3%.
- Kotak Contra returned more over 3 years: 13.7% a year against 12.6%.
- Kotak Large & Mid Cap costs less: 0.66% a year against 0.80% (Direct plans).
- Kotak Contra swung less over 3 years: a standard deviation of 14.5% a year against 14.9%.
- Kotak Large & Mid Cap fell less in its worst fall since 02-01-2013: −36.0% against −37.9%.
- Kotak Large & Mid Cap is the larger fund: ₹30,581 Cr against ₹5,196 Cr.
- Their portfolios overlap 57.2%: 37 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 Contra Fund | Kotak Large & Mid Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Value and Contra | Large & Mid Cap |
| AUM | ₹5,196 Cr (30-09-2026) | ₹30,581 Cr (30-09-2026) |
| NAV | ₹170.58 (Direct) | ₹382.26 (Direct) |
| Expense ratio (Direct) | 0.80% | 0.66% |
| Expense ratio (Regular) | 2.03% | 1.67% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 27-07-2005 | 09-09-2004 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Shibani Kurian | Harsha Upadhyaya |
| Exit load | Exit load of 1% if redeemed within 90 days. | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Kotak Contra 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 Contra Fund (Direct) | −2.39% | −7.04% | −3.27% | −7.37% | +13.69% | +12.60% | +15.65% |
| Kotak Large & Mid Cap Fund (Direct) | −1.69% | −6.70% | −3.25% | −5.81% | +12.56% | +12.27% | +14.50% |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 30 Value and Contra funds and the 36 Large & Mid Cap funds, same plan type.
Kotak Contra vs Kotak Large & Mid Cap: Year-wise Returns
| Year | ContraKotak Contra | Large & Mid CapKotak Large & Mid Cap |
|---|---|---|
| 2026to date | −8.36% | −5.94% |
| 2025 | +8.82% | +6.68% |
| 2024 | +23.74% | +25.54% |
| 2023 | +36.86% | +30.85% |
| 2022 | +8.88% | +8.30% |
| 2021 | +31.94% | +32.03% |
Kotak Contra vs Kotak Large & Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Kotak Contra 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 Contra Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
Nifty 500 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 Contra | 0.2 | 2.3 | 4.8 | 24.8 | 34.8 | 21.3 | 11.7 | 17.6% | 17.4% | −2.9% | 35.9% | 94% |
| 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% | 98% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.8 | 37.0 | 34.8 | 11.3 | 2.9 | 14.7% | 14.9% | −6.3% | 33.5% | -- |
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. The benchmark is Nifty 500 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 Contra 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 ContraKotak Contra Fund (Direct) | ₹16,60,000 | ₹52,78,244 | ₹36,18,244 | 15.4% |
| Kotak Large & Mid CapKotak Large & Mid Cap Fund (Direct) | ₹16,60,000 | ₹52,52,777 | ₹35,92,777 | 15.4% |
Kotak ContraKotak Contra 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 Contra 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 Contra Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.37% | −5.81% |
| Standard deviation | 14.55% | 15.28% |
| Sharpe ratio | -0.87 | -0.72 |
| Sortino ratio | -1.14 | -0.97 |
| Maximum drawdown | −13.7% (31-03-2026) | −13.6% (31-03-2026) |
| Beta | 0.99 | 1.01 |
| Alpha | −0.13% | +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 Contra Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.69% | +12.56% |
| Standard deviation | 14.47% | 14.91% |
| Sharpe ratio | 0.53 | 0.44 |
| Sortino ratio | 0.71 | 0.59 |
| Maximum drawdown | −18.9% (28-02-2025) | −18.5% (28-02-2025) |
| Beta | 0.99 | 0.98 |
| Alpha | +3.51% | +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 Contra Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.60% | +12.27% |
| Standard deviation | 14.27% | 14.46% |
| Sharpe ratio | 0.48 | 0.45 |
| Sortino ratio | 0.64 | 0.60 |
| Maximum drawdown | −18.9% (28-02-2025) | −18.5% (28-02-2025) |
| Beta | 0.97 | 0.95 |
| Alpha | +3.87% | +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 Contra Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.38% | +15.66% |
| Standard deviation | 15.41% | 15.16% |
| Sharpe ratio | 0.61 | 0.63 |
| Sortino ratio | 0.82 | 0.85 |
| Maximum drawdown | −37.9% (23-03-2020) | −36.0% (23-03-2020) |
| Beta | 0.95 | -- |
| Alpha | +2.91% | -- |
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 Contra Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Contra Fund (Direct) | −37.9% | 24-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −9.2% |
| Kotak Large & Mid Cap Fund (Direct) | −36.0% | 24-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −8.5% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
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 Contra Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
Nifty 500 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 Contra Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
Nifty 500 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 Contra Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Contra Fund (Direct) | 98% | 82% | 3.73% |
| Kotak Large & Mid Cap Fund (Direct) | 101% | 85% | 3.91% |
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 Contra vs Kotak Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Contra Fund, September 2026; Kotak Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 57.2%
- Held by both
- 37
- Only in Kotak Contra
- 26
- Only in Kotak Large & Mid Cap
- 31
| Security | % of Kotak Contra | % of Kotak Large & Mid Cap |
|---|---|---|
| HDFC BANK LTD. | 5.06% | 4.52% |
| STATE BANK OF INDIA. | 3.24% | 3.92% |
| ICICI BANK LTD. | 5.93% | 3.03% |
| Larsen and Toubro Ltd. | 2.50% | 2.27% |
| BHARTI AIRTEL LTD. | 2.42% | 2.18% |
| Hero MotoCorp Ltd. | 2.67% | 2.10% |
| SHRIRAM FINANCE LIMITED | 2.53% | 1.77% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.70% | 1.90% |
| Tech Mahindra Ltd. | 2.10% | 1.59% |
| IPCA Laboratories Ltd. | 1.68% | 1.59% |
| INDIAN BANK | 1.63% | 1.58% |
| Mphasis Ltd | 2.00% | 1.55% |
| Bharat Electronics Ltd. | 1.50% | 3.56% |
| BAJAJ FINANCE LTD. | 1.49% | 2.12% |
| AXIS BANK LTD. | 1.48% | 2.41% |
| PIRAMAL FINANCE LTD | 1.44% | 1.57% |
| INDUSIND BANK LTD. | 1.43% | 1.47% |
| INDO-MIM LTD | 1.93% | 1.42% |
| RELIANCE INDUSTRIES LTD. | 2.70% | 1.40% |
| Jindal Steel & Power Ltd | 1.38% | 1.93% |
| Infosys Ltd. | 1.83% | 1.30% |
| SRF LTD. | 1.30% | 1.41% |
| Schaeffler India Ltd | 1.42% | 1.27% |
| Ultratech Cement Ltd. | 1.85% | 1.25% |
| Dalmia Bharat Limited | 1.28% | 1.23% |
| ASTRA MICROWAVE PRODUCTS LTD. | 1.27% | 1.23% |
| POONAWALLA FINCORP LIMITED | 2.09% | 1.18% |
| Fortis Healthcare India Ltd | 1.98% | 1.18% |
| Ajanta Pharma Ltd. | 1.19% | 1.17% |
| Inter Globe Aviation Ltd | 1.32% | 1.14% |
| Ashok Leyland Ltd. | 1.11% | 2.12% |
| SWIGGY LTD | 2.26% | 1.06% |
| PINE LABS LTD. | 0.97% | 1.12% |
| NTPC LTD | 2.46% | 0.90% |
| Maruti Suzuki India Limited | 1.96% | 0.78% |
| BANK OF MAHARASHTRA | 1.32% | 0.78% |
| KALPATARU PROJECTS INTERNATIONAL LIMITED | 1.19% | 0.72% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 57.2% means 57.2% 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 Contra Fund
| Security | % of fund |
|---|---|
| PARK MEDI WORLD LIMITED (PARK HOSPITAL) | 1.77% |
| Indus Towers Ltd. | 1.70% |
| JAMMU KASHMIR BANK LTD | 1.50% |
| V-Guard Industries Ltd. | 1.33% |
| MOLBIO DIAGNOSTICS LIMITED | 1.31% |
Largest holdings only in Kotak Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| ETERNAL LIMITED | 3.77% |
| BHARAT FORGE LTD. | 2.14% |
| BSE LTD | 2.02% |
| Linde India Ltd. | 1.96% |
| Coromandel International Limited | 1.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Contra | Kotak Large & Mid Cap |
|---|---|---|
| Equity | 98.9% | 98.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.1% | 1.6% |
Market cap of stocks
| Market cap | Kotak Contra | Kotak Large & Mid Cap |
|---|---|---|
| Large Cap | 51.2% | 48.5% |
| Mid Cap | 28.8% | 40.3% |
| Small Cap | 14.0% | 8.2% |
| Not on AMFI's list | 4.9% | 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 Contra | Kotak Large & Mid Cap |
|---|---|---|
| Banks | 22.3% | 18.7% |
| Finance | 8.2% | 7.6% |
| Pharmaceuticals and Biotechnology | 5.5% | 8.1% |
| IT - Software | 5.9% | 4.4% |
| Healthcare Services | 5.4% | 2.2% |
| Retailing | 2.9% | 4.8% |
| Aerospace and Defense | 3.5% | 4.8% |
| Auto Components | 3.5% | 4.7% |
| Automobiles | 4.6% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Contra vs Kotak Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Contra Fund | Kotak Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 0.66% |
| Base expense ratio (Direct) | 0.55% | 0.50% |
| Total expense ratio (Regular) | 2.03% | 1.67% |
| Base expense ratio (Regular) | 1.60% | 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 Contra with
Kotak Contra Fund vs Kotak Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between Kotak Contra Fund and Kotak Large & Mid Cap Fund?
Kotak Contra Fund is a Value and Contra fund, Kotak Large & Mid Cap Fund is a Large & Mid Cap fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 57.2%. Kotak Contra Fund charges 0.80% a year and Kotak Large & Mid Cap Fund 0.66%.
Which has given higher returns, Kotak Contra Fund or Kotak Large & Mid Cap Fund?
Over 1 year: Kotak Contra Fund −7.37%, Kotak Large & Mid Cap Fund −5.81%. Over 3 years: Kotak Contra Fund +13.69% a year, Kotak Large & Mid Cap Fund +12.56% a year. Over 5 years: Kotak Contra Fund +12.60% 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 Contra Fund or Kotak Large & Mid Cap Fund?
Kotak Large & Mid Cap Fund charges less: 0.66% a year against 0.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Contra Fund and Kotak Large & Mid Cap Fund overlap?
57.2%. They hold 37 of the same securities, the largest shared ones being HDFCBANK, SBIN, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Contra Fund or Kotak Large & Mid Cap Fund?
On SEBI's riskometer, Kotak Contra Fund is rated Very High and Kotak Large & Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.47% and 14.91% a year.
Which is better for SIP, Kotak Contra 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 ₹8,03,683 in Kotak Contra Fund (XIRR 10.8% 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 Contra Fund and Kotak Large & Mid Cap Fund?
Yes. 57.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Contra Fund and Kotak Large & Mid Cap Fund?
Kotak Contra Fund: Shibani Kurian. 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.