Kotak Equity Savings Fund vs Mirae Asset Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Equity Savings Fund is an Equity Savings fund and Mirae Asset Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, Kotak Equity Savings Fund (Direct) returned 9.4% a year and Mirae Asset Large Cap Fund (Direct) returned 8.8% a year. Kotak Equity Savings Fund charges 1.09% a year and Mirae Asset Large Cap Fund 0.76% (Direct plans). Their portfolios overlap 32.6%: they hold 33 of the same securities.
Kotak Equity Savings Fund
Equity Savings
- 3 year return
- 9.4%
- Expense ratio
- 1.09%
- NAV
- ₹29.94
Mirae Asset Large Cap Fund
Large Cap
- 3 year return
- 8.8%
- Expense ratio
- 0.76%
- NAV
- ₹121.46
Which is better, Kotak Equity Savings or Mirae Asset Large 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 Equity Savings returned more over 5 years: 9.1% a year against 7.0%.
- Kotak Equity Savings returned more over 3 years: 9.4% a year against 8.8%.
- Mirae Asset Large Cap costs less: 0.76% a year against 1.09% (Direct plans).
- Kotak Equity Savings swung less over 3 years: a standard deviation of 5.7% a year against 13.2%.
- Kotak Equity Savings fell less in its worst fall since 17-10-2014: −16.5% against −37.4%.
- Mirae Asset Large Cap holds more in large companies: 85.8% of the fund in large caps against 42.8%.
- Mirae Asset Large Cap is the larger fund: ₹35,594 Cr against ₹10,443 Cr.
- Their portfolios overlap 32.6%: 33 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 Equity Savings Fund | Mirae Asset Large Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Equity Savings | Large Cap |
| AUM | ₹10,443 Cr (30-09-2026) | ₹35,594 Cr (30-09-2026) |
| NAV | ₹29.94 (Direct) | ₹121.46 (Direct) |
| Expense ratio (Direct) | 1.09% | 0.76% |
| Expense ratio (Regular) | 2.13% | 1.70% |
| Riskometer | Moderately High | Very High |
| Benchmark | NIFTY Equity Savings Index (TRI) | Nifty 100 TRI |
| Launch date | 13-10-2014 | 04-04-2008 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Devender Singhal, Abhishek Bisen, Hiten Shah | Gaurav Misra |
| Exit load | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. | Exit load of 1% if redeemed within 1 year |
Kotak Equity Savings vs Mirae Asset Large 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 Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| Mirae Asset Large Cap Fund (Direct) | +0.47% | −5.55% | −1.50% | −7.81% | +8.78% | +7.00% | +12.11% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 23 Equity Savings funds and the 35 Large Cap funds, same plan type.
Kotak Equity Savings vs Mirae Asset Large Cap: Year-wise Returns
| Year | Kotak Equity SavingsKotak Equity Savings | Mirae Asset Large CapMirae Asset Large Cap |
|---|---|---|
| 2026to date | −0.57% | −8.94% |
| 2025 | +9.12% | +11.28% |
| 2024 | +12.97% | +13.80% |
| 2023 | +16.89% | +19.65% |
| 2022 | +7.90% | +2.65% |
| 2021 | +12.17% | +29.13% |
Kotak Equity Savings vs Mirae Asset Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Mirae Asset Large Cap Fund
Rolling returns
Every 3-year holding period, 2,225 of them, one for each trading day from 17-10-2017 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.
Kotak Equity Savings Fund (Direct)
Mirae Asset Large Cap Fund (Direct)
Nifty 100 TRI
to
Jul 2018Jan 2017
to
Jan 2020Aug 2018
to
Aug 2021Feb 2020
to
Feb 2023Aug 2021
to
Aug 2024Feb 2023
to
Feb 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Equity Savings | 0.0 | 1.5 | 44.9 | 53.3 | 0.2 | 0.0 | 0.0 | 10.4% | 10.4% | 2.1% | 16.7% | 14% |
| Mirae Asset Large Cap | 0.4 | 3.7 | 8.1 | 41.5 | 37.7 | 7.0 | 1.5 | 14.4% | 14.8% | −3.4% | 31.4% | 60% |
| Nifty 100 TRI | 1.1 | 4.5 | 11.9 | 43.6 | 31.6 | 5.8 | 1.6 | 13.7% | 13.9% | −5.0% | 31.4% | -- |
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 100 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 17-10-2014. Past returns do not promise future returns.
Kotak Equity Savings vs Mirae Asset Large 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 17-10-2014 to 30-10-2026: 145 instalments, ₹14,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Equity SavingsKotak Equity Savings Fund (Direct) | ₹14,50,000 | ₹26,60,136 | ₹12,10,136 | 9.6% |
| Mirae Asset Large CapMirae Asset Large Cap Fund (Direct) | ₹14,50,000 | ₹30,26,289 | ₹15,76,289 | 11.5% |
Kotak Equity SavingsKotak Equity Savings Fund (Direct)
Mirae Asset Large CapMirae Asset Large 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 Equity Savings vs Mirae Asset Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Equity Savings Fund (Direct) | Mirae Asset Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.58% | −7.81% |
| Standard deviation | 5.72% | 14.15% |
| Sharpe ratio | -0.81 | -0.92 |
| Sortino ratio | -1.05 | -1.24 |
| Maximum drawdown | −5.2% (30-03-2026) | −15.7% (31-03-2026) |
| Beta | -- | 1.01 |
| Alpha | -- | +1.03% |
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 Equity Savings Fund (Direct) | Mirae Asset Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.45% | +8.78% |
| Standard deviation | 5.66% | 13.21% |
| Sharpe ratio | 0.60 | 0.21 |
| Sortino ratio | 0.82 | 0.29 |
| Maximum drawdown | −6.0% (28-02-2025) | −15.8% (28-02-2025) |
| Beta | -- | 0.96 |
| Alpha | -- | −0.17% |
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 Equity Savings Fund (Direct) | Mirae Asset Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.14% | +7.00% |
| Standard deviation | 5.15% | 13.44% |
| Sharpe ratio | 0.65 | 0.09 |
| Sortino ratio | 0.88 | 0.12 |
| Maximum drawdown | −6.0% (28-02-2025) | −16.4% (17-06-2022) |
| Beta | -- | 0.95 |
| Alpha | -- | −0.15% |
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 Equity Savings Fund (Direct) | Mirae Asset Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.53% | +14.37% |
| Standard deviation | 5.60% | 15.56% |
| Sharpe ratio | 0.68 | 0.54 |
| Sortino ratio | 0.92 | 0.73 |
| Maximum drawdown | −16.5% (23-03-2020) | −37.4% (23-03-2020) |
| Beta | -- | 0.97 |
| Alpha | -- | +2.61% |
From daily NAVs, 17-10-2014 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 Equity Savings Fund (Direct)
Mirae Asset Large Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Equity Savings Fund (Direct) | −16.5% | 19-02-2020 | 23-03-2020 | 21-07-2020 | 4 months | −3.0% |
| Mirae Asset Large Cap Fund (Direct) | −37.4% | 16-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.5% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 17-10-2014, 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.
Kotak Equity Savings Fund (Direct)
Mirae Asset Large Cap Fund (Direct)
Nifty 100 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 Equity Savings Fund (Direct)
Mirae Asset Large Cap Fund (Direct)
Nifty 100 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 Equity Savings Fund (Direct)
Mirae Asset Large Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Equity Savings Fund (Direct) | 44% | 17% | 10.91% |
| Mirae Asset Large Cap Fund (Direct) | 99% | 90% | 2.83% |
From month-end values since 17-10-2014. 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 Equity Savings vs Mirae Asset Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Equity Savings Fund, September 2026; Mirae Asset Large Cap Fund, September 2026
Holdings in common
- Overlap
- 32.6%
- Held by both
- 33
- Only in Kotak Equity Savings
- 127
- Only in Mirae Asset Large Cap
- 41
| Security | % of Kotak Equity Savings | % of Mirae Asset Large Cap |
|---|---|---|
| BHARTI AIRTEL LTD. | 4.93% | 5.26% |
| HDFC BANK LTD. | 4.38% | 9.19% |
| STATE BANK OF INDIA. | 2.77% | 3.08% |
| Maruti Suzuki India Limited | 2.94% | 2.38% |
| ICICI BANK LTD. | 2.19% | 8.59% |
| RELIANCE INDUSTRIES LTD. | 2.02% | 5.14% |
| ITC Ltd. | 1.87% | 1.97% |
| One 97 Communications Ltd | 3.60% | 1.69% |
| AXIS BANK LTD. | 1.26% | 3.76% |
| NTPC LTD | 2.24% | 1.25% |
| ETERNAL LIMITED | 1.13% | 2.80% |
| Larsen and Toubro Ltd. | 1.12% | 3.46% |
| Adani Ports and Special Economic Zone Limited | 2.47% | 0.79% |
| INDUSIND BANK LTD. | 1.42% | 0.67% |
| BAJAJ FINANCE LTD. | 0.63% | 2.40% |
| AMBUJA CEMENTS LTD. | 0.56% | 0.87% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 0.53% | 1.42% |
| Mahindra & Mahindra Ltd. | 0.52% | 2.95% |
| SWIGGY LTD | 0.73% | 0.43% |
| Power Finance Corporation Ltd. | 0.75% | 0.37% |
| Mphasis Ltd | 0.55% | 0.33% |
| SBI Life Insurance Company Ltd | 0.20% | 0.90% |
| Apollo Hospitals Enterprise Ltd. | 0.20% | 1.26% |
| Bharat Electronics Ltd. | 0.16% | 0.62% |
| INDIAN HOTELS CO LTD | 0.05% | 0.85% |
| TATA CONSULTANCY SERVICES LTD. | 0.04% | 2.01% |
| Varun Beverages Limited | 0.03% | 0.95% |
| Crompton Greaves Consumer Electricals Limited | 0.03% | 0.36% |
| Max Healthcare Institute Ltd. | 0.02% | 0.76% |
| SHRIRAM FINANCE LIMITED | 0.02% | 1.92% |
| GODREJ CONSUMER PRODUCTS LTD. | 0.01% | 1.12% |
| Pidilite Industries Ltd. | 0.01% | 0.54% |
| TRENT LTD | 0.01% | 0.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.6% means 32.6% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| Indus Towers Ltd. | 3.38% |
| Radico Khaitan Ltd. | 2.37% |
| Hero MotoCorp Ltd. | 2.23% |
| CUBE HIGHWAYS TRUST | 1.79% |
Largest holdings only in Mirae Asset Large Cap Fund
| Security | % of fund |
|---|---|
| Infosys Ltd. | 3.70% |
| Kotak Mahindra Bank Ltd. | 1.89% |
| Britannia Industries Ltd. | 1.46% |
| Asian Paints Ltd. | 1.46% |
| Eicher Motors Ltd. | 1.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Equity Savings | Mirae Asset Large Cap |
|---|---|---|
| Equity | 64.3% | 99.6% |
| Debt | 16.4% | 0.0% |
| Cash and others | 19.3% | 0.4% |
Market cap of stocks
| Market cap | Kotak Equity Savings | Mirae Asset Large Cap |
|---|---|---|
| Large Cap | 42.8% | 85.8% |
| Mid Cap | 17.0% | 9.7% |
| Small Cap | 3.9% | 3.3% |
| Not on AMFI's list | 0.7% | 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 | Kotak Equity Savings | Mirae Asset Large Cap |
|---|---|---|
| Banks | 13.3% | 27.2% |
| Telecom - Services | 8.9% | 5.3% |
| Automobiles | 5.8% | 6.8% |
| Petroleum Products | 2.0% | 6.3% |
| IT - Software | 1.4% | 6.1% |
| Retailing | 1.9% | 5.2% |
| Finance | 4.0% | 4.7% |
| Financial Technology (Fintech) | 3.6% | 1.7% |
| Power | 3.5% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Equity Savings vs Mirae Asset Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Equity Savings Fund | Mirae Asset Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 0.76% |
| Base expense ratio (Direct) | 0.57% | 0.53% |
| Total expense ratio (Regular) | 2.13% | 1.70% |
| Base expense ratio (Regular) | 1.45% | 1.32% |
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 Equity Savings with
Kotak Equity Savings Fund vs Mirae Asset Large Cap Fund: Frequently Asked Questions
What is the difference between Kotak Equity Savings Fund and Mirae Asset Large Cap Fund?
Kotak Equity Savings Fund is an Equity Savings fund, Mirae Asset Large Cap Fund is a Large Cap fund, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 32.6%. Kotak Equity Savings Fund charges 1.09% a year and Mirae Asset Large Cap Fund 0.76%.
Which has given higher returns, Kotak Equity Savings Fund or Mirae Asset Large Cap Fund?
Over 1 year: Kotak Equity Savings Fund +0.58%, Mirae Asset Large Cap Fund −7.81%. Over 3 years: Kotak Equity Savings Fund +9.45% a year, Mirae Asset Large Cap Fund +8.78% a year. Over 5 years: Kotak Equity Savings Fund +9.14% a year, Mirae Asset Large Cap Fund +7.00% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Equity Savings Fund or Mirae Asset Large Cap Fund?
Mirae Asset Large Cap Fund charges less: 0.76% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Equity Savings Fund and Mirae Asset Large Cap Fund overlap?
32.6%. They hold 33 of the same securities, the largest shared ones being BHARTIARTL, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Kotak Equity Savings Fund or Mirae Asset Large Cap Fund?
On SEBI's riskometer, Kotak Equity Savings Fund is rated Moderately High and Mirae Asset Large Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 5.66% and 13.21% a year.
Which is better for SIP, Kotak Equity Savings Fund or Mirae Asset Large Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,54,250 in Kotak Equity Savings Fund (XIRR 8.3% a year) and ₹7,16,270 in Mirae Asset Large Cap Fund (XIRR 6.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Equity Savings Fund and Mirae Asset Large Cap Fund?
Yes. 32.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Equity Savings Fund and Mirae Asset Large Cap Fund?
Kotak Equity Savings Fund: Devender Singhal, Abhishek Bisen, Hiten Shah. Mirae Asset Large Cap Fund: Gaurav Misra.
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.