Kotak ESG Exclusionary Strategy Fund vs Kotak Large & Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak ESG Exclusionary Strategy Fund is a Thematic fund and Kotak Large & Mid Cap Fund is a Large & Mid Cap fund. In the 3 years to 30-10-2026, Kotak ESG Exclusionary Strategy Fund (Direct) returned 8.9% a year and Kotak Large & Mid Cap Fund (Direct) returned 12.6% a year. Kotak ESG Exclusionary Strategy Fund charges 1.15% a year and Kotak Large & Mid Cap Fund 0.66% (Direct plans). Their portfolios overlap 41.5%: they hold 25 of the same securities.
Kotak ESG Exclusionary Strategy Fund
Thematic
- 3 year return
- 8.9%
- Expense ratio
- 1.15%
- NAV
- ₹17.48
Kotak Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 12.6%
- Expense ratio
- 0.66%
- NAV
- ₹382.26
Which is better, Kotak ESG Exclusionary Strategy 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 7.0%.
- Kotak Large & Mid Cap returned more over 3 years: 12.6% a year against 8.9%.
- Kotak Large & Mid Cap costs less: 0.66% a year against 1.15% (Direct plans).
- Kotak ESG Exclusionary Strategy swung less over 3 years: a standard deviation of 13.7% a year against 14.9%.
- Kotak Large & Mid Cap fell less in its worst fall since 18-12-2020: −18.5% against −21.9%.
- Kotak ESG Exclusionary Strategy holds more in large companies: 75.0% of the fund in large caps against 48.5%.
- Kotak Large & Mid Cap is the larger fund: ₹30,581 Cr against ₹685 Cr.
- Their portfolios overlap 41.5%: 25 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 ESG Exclusionary Strategy Fund | Kotak Large & Mid Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Large & Mid Cap |
| AUM | ₹685 Cr (30-09-2026) | ₹30,581 Cr (30-09-2026) |
| NAV | ₹17.48 (Direct) | ₹382.26 (Direct) |
| Expense ratio (Direct) | 1.15% | 0.66% |
| Expense ratio (Regular) | 2.50% | 1.67% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 ESG TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 11-12-2020 | 09-09-2004 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Mandar Pawar | Harsha Upadhyaya |
| Exit load | 0.5% for redemption within 90 Days | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Kotak ESG Exclusionary Strategy 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 ESG Exclusionary Strategy Fund (Direct) | +0.32% | −5.69% | −1.67% | −8.34% | +8.91% | +6.97% | -- |
| Kotak Large & Mid Cap Fund (Direct) | −1.69% | −6.70% | −3.25% | −5.81% | +12.56% | +12.27% | +14.50% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 235 Thematic funds and the 36 Large & Mid Cap funds, same plan type.
Kotak ESG Exclusionary Strategy vs Kotak Large & Mid Cap: Year-wise Returns
| Year | ESG Exclusionary StrategyKotak ESG Exclusionary Strategy | Large & Mid CapKotak Large & Mid Cap |
|---|---|---|
| 2026to date | −9.00% | −5.94% |
| 2025 | +9.57% | +6.68% |
| 2024 | +13.89% | +25.54% |
| 2023 | +22.47% | +30.85% |
| 2022 | +0.30% | +8.30% |
| 2021 | +24.04% | +32.03% |
Kotak ESG Exclusionary Strategy vs Kotak Large & Mid Cap: Rolling Returns
Every holding period of both funds, against NIFTY100 ESG TRI, the benchmark of Kotak ESG Exclusionary Strategy Fund
Rolling returns
Every 3-year holding period, 706 of them, one for each trading day from 18-12-2023 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 ESG Exclusionary Strategy Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY100 ESG TRI
to
Mar 2024Sept 2021
to
Sept 2024Mar 2022
to
Mar 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 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 ESG Exclusionary Strategy | 0.0 | 0.0 | 6.7 | 55.7 | 35.7 | 2.0 | 0.0 | 14.0% | 14.5% | 6.7% | 21.1% | 48% |
| Kotak Large & Mid Cap | 0.0 | 0.0 | 0.0 | 5.8 | 34.8 | 56.2 | 3.1 | 20.3% | 20.7% | 11.1% | 26.3% | 100% |
| NIFTY100 ESG TRI | 0.0 | 0.0 | 7.4 | 56.5 | 36.1 | 0.0 | 0.0 | 13.8% | 14.4% | 7.9% | 19.2% | -- |
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 NIFTY100 ESG 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 18-12-2020. Past returns do not promise future returns.
Kotak ESG Exclusionary Strategy 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 18-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak ESG Exclusionary StrategyKotak ESG Exclusionary Strategy Fund (Direct) | ₹7,10,000 | ₹8,76,688 | ₹1,66,688 | 7.1% |
| Kotak Large & Mid CapKotak Large & Mid Cap Fund (Direct) | ₹7,10,000 | ₹10,06,024 | ₹2,96,024 | 11.7% |
Kotak ESG Exclusionary StrategyKotak ESG Exclusionary Strategy 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 ESG Exclusionary Strategy 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 ESG Exclusionary Strategy Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.34% | −5.81% |
| Standard deviation | 14.42% | 15.28% |
| Sharpe ratio | -0.94 | -0.72 |
| Sortino ratio | -1.27 | -0.97 |
| Maximum drawdown | −14.7% (30-03-2026) | −13.6% (31-03-2026) |
| Beta | 0.98 | 1.01 |
| Alpha | −2.74% | +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 ESG Exclusionary Strategy Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.91% | +12.56% |
| Standard deviation | 13.68% | 14.91% |
| Sharpe ratio | 0.21 | 0.44 |
| Sortino ratio | 0.29 | 0.59 |
| Maximum drawdown | −17.9% (28-02-2025) | −18.5% (28-02-2025) |
| Beta | 0.96 | 0.98 |
| Alpha | −1.47% | +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 ESG Exclusionary Strategy Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.97% | +12.27% |
| Standard deviation | 14.04% | 14.46% |
| Sharpe ratio | 0.08 | 0.45 |
| Sortino ratio | 0.11 | 0.60 |
| Maximum drawdown | −21.9% (20-06-2022) | −18.5% (28-02-2025) |
| Beta | 0.96 | 0.95 |
| Alpha | −0.09% | +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 ESG Exclusionary Strategy Fund (Direct) | Kotak Large & Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.96% | +15.66% |
| Standard deviation | 13.83% | 15.16% |
| Sharpe ratio | 0.33 | 0.63 |
| Sortino ratio | 0.45 | 0.85 |
| Maximum drawdown | −21.9% (20-06-2022) | −36.0% (23-03-2020) |
| Beta | 0.94 | -- |
| Alpha | −1.04% | -- |
From daily NAVs, 18-12-2020 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 ESG Exclusionary Strategy Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY100 ESG TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak ESG Exclusionary Strategy Fund (Direct) | −21.9% | 17-01-2022 | 20-06-2022 | 30-06-2023 | 12 months | −10.3% |
| Kotak Large & Mid Cap Fund (Direct) | −18.5% | 27-09-2024 | 28-02-2025 | 27-10-2025 | 8 months | −8.5% |
| NIFTY100 ESG TRI | −19.9% | 17-01-2022 | 17-06-2022 | 14-07-2023 | 13 months | −8.8% |
From daily values since 18-12-2020, 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 ESG Exclusionary Strategy Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY100 ESG 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 ESG Exclusionary Strategy Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY100 ESG 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 ESG Exclusionary Strategy Fund (Direct)
Kotak Large & Mid Cap Fund (Direct)
NIFTY100 ESG TRI
Against NIFTY100 ESG TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak ESG Exclusionary Strategy Fund (Direct) | 94% | 97% | 4.17% |
| Kotak Large & Mid Cap Fund (Direct) | 104% | 78% | 6.14% |
From month-end values since 18-12-2020. 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 ESG Exclusionary Strategy vs Kotak Large & Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak ESG Exclusionary Strategy Fund, September 2026; Kotak Large & Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 41.5%
- Held by both
- 25
- Only in Kotak ESG Exclusionary Strategy
- 21
- Only in Kotak Large & Mid Cap
- 43
| Security | % of Kotak ESG Exclusionary Strategy | % of Kotak Large & Mid Cap |
|---|---|---|
| HDFC BANK LTD. | 5.28% | 4.52% |
| STATE BANK OF INDIA. | 3.78% | 3.92% |
| ETERNAL LIMITED | 4.21% | 3.77% |
| ICICI BANK LTD. | 6.95% | 3.03% |
| AXIS BANK LTD. | 4.83% | 2.41% |
| Larsen and Toubro Ltd. | 4.45% | 2.27% |
| BHARTI AIRTEL LTD. | 7.70% | 2.18% |
| BAJAJ FINANCE LTD. | 4.20% | 2.12% |
| Hero MotoCorp Ltd. | 2.64% | 2.10% |
| Linde India Ltd. | 3.32% | 1.96% |
| SHRIRAM FINANCE LIMITED | 3.87% | 1.77% |
| Infosys Ltd. | 4.36% | 1.30% |
| Ultratech Cement Ltd. | 3.84% | 1.25% |
| SRF LTD. | 1.19% | 1.41% |
| INDIAN BANK | 1.06% | 1.58% |
| Schaeffler India Ltd | 1.02% | 1.27% |
| Glaxosmithkline Pharma Ltd | 1.82% | 1.00% |
| Tech Mahindra Ltd. | 0.96% | 1.59% |
| Apollo Tyres Ltd. | 0.89% | 1.26% |
| Maruti Suzuki India Limited | 0.87% | 0.78% |
| CRISIL Ltd. | 0.59% | 0.95% |
| BIOCON LTD. | 0.49% | 1.57% |
| JK Cement Ltd. | 0.44% | 1.00% |
| RELIANCE INDUSTRIES LTD. | 0.35% | 1.40% |
| Kotak Liquid Direct Growth | 0.62% | 0.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.5% means 41.5% 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 ESG Exclusionary Strategy Fund
| Security | % of fund |
|---|---|
| Bosch Limited | 4.13% |
| GODREJ CONSUMER PRODUCTS LTD. | 2.23% |
| METROPOLIS HEALTHCARE LTD. | 2.14% |
| Avenue Supermarts Ltd | 2.00% |
| TATA CONSULTANCY SERVICES LTD. | 1.98% |
Largest holdings only in Kotak Large & Mid Cap Fund
| Security | % of fund |
|---|---|
| Bharat Electronics Ltd. | 3.56% |
| BHARAT FORGE LTD. | 2.14% |
| Ashok Leyland Ltd. | 2.12% |
| BSE LTD | 2.02% |
| Jindal Steel & Power Ltd | 1.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak ESG Exclusionary Strategy | Kotak Large & Mid Cap |
|---|---|---|
| Equity | 98.7% | 98.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.3% | 1.6% |
Market cap of stocks
| Market cap | Kotak ESG Exclusionary Strategy | Kotak Large & Mid Cap |
|---|---|---|
| Large Cap | 75.0% | 48.5% |
| Mid Cap | 17.7% | 40.3% |
| Small Cap | 5.9% | 8.2% |
| Not on AMFI's list | 0.0% | 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 ESG Exclusionary Strategy | Kotak Large & Mid Cap |
|---|---|---|
| Banks | 22.7% | 18.7% |
| Finance | 10.2% | 7.6% |
| Retailing | 9.2% | 4.8% |
| Telecom - Services | 8.9% | 2.2% |
| Pharmaceuticals and Biotechnology | 3.5% | 8.1% |
| IT - Software | 8.0% | 4.4% |
| Auto Components | 6.0% | 4.7% |
| Aerospace and Defense | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak ESG Exclusionary Strategy vs Kotak Large & Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak ESG Exclusionary Strategy Fund | Kotak Large & Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 0.66% |
| Base expense ratio (Direct) | 0.90% | 0.50% |
| Total expense ratio (Regular) | 2.50% | 1.67% |
| Base expense ratio (Regular) | 2.04% | 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.
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Kotak ESG Exclusionary Strategy Fund vs Kotak Large & Mid Cap Fund: Frequently Asked Questions
What is the difference between Kotak ESG Exclusionary Strategy Fund and Kotak Large & Mid Cap Fund?
Kotak ESG Exclusionary Strategy Fund is a Thematic fund, Kotak Large & Mid Cap Fund is a Large & Mid Cap fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 41.5%. Kotak ESG Exclusionary Strategy Fund charges 1.15% a year and Kotak Large & Mid Cap Fund 0.66%.
Which has given higher returns, Kotak ESG Exclusionary Strategy Fund or Kotak Large & Mid Cap Fund?
Over 1 year: Kotak ESG Exclusionary Strategy Fund −8.34%, Kotak Large & Mid Cap Fund −5.81%. Over 3 years: Kotak ESG Exclusionary Strategy Fund +8.91% a year, Kotak Large & Mid Cap Fund +12.56% a year. Over 5 years: Kotak ESG Exclusionary Strategy Fund +6.97% 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 ESG Exclusionary Strategy Fund or Kotak Large & Mid Cap Fund?
Kotak Large & Mid Cap Fund charges less: 0.66% a year against 1.15%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak ESG Exclusionary Strategy Fund and Kotak Large & Mid Cap Fund overlap?
41.5%. They hold 25 of the same securities, the largest shared ones being HDFCBANK, SBIN, ETERNAL. From each fund's latest monthly portfolio.
Which is riskier, Kotak ESG Exclusionary Strategy Fund or Kotak Large & Mid Cap Fund?
On SEBI's riskometer, Kotak ESG Exclusionary Strategy Fund is rated Very High and Kotak Large & Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.68% and 14.91% a year.
Which is better for SIP, Kotak ESG Exclusionary Strategy 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 ₹7,15,732 in Kotak ESG Exclusionary Strategy Fund (XIRR 6.2% 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 ESG Exclusionary Strategy Fund and Kotak Large & Mid Cap Fund?
Yes. 41.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak ESG Exclusionary Strategy Fund and Kotak Large & Mid Cap Fund?
Kotak ESG Exclusionary Strategy Fund: Mandar Pawar. 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.