Kotak Large Cap Fund vs Tata India Innovation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Large Cap Fund is a Large Cap fund and Tata India Innovation Fund is a Thematic fund. In the year to 30-10-2026, Kotak Large Cap Fund (Direct) returned −8.5% and Tata India Innovation Fund (Direct) returned −1.9%. Kotak Large Cap Fund charges 0.76% a year and Tata India Innovation Fund 0.97% (Direct plans). Their portfolios overlap 35.6%: they hold 20 of the same securities.
Tata India Innovation Fund
Thematic
- 1 year return
- −1.9%
- Expense ratio
- 0.97%
- NAV
- ₹10.02
Which is better, Kotak Large Cap or Tata India Innovation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata India Innovation returned more over 1 year: −1.9% against −8.5%.
- Kotak Large Cap costs less: 0.76% a year against 0.97% (Direct plans).
- Kotak Large Cap fell less in its worst fall since 05-12-2024: −13.9% against −18.1%.
- Kotak Large Cap holds more in large companies: 81.5% of the fund in large caps against 42.6%.
- Kotak Large Cap is the larger fund: ₹10,514 Cr against ₹1,245 Cr.
- Their portfolios overlap 35.6%: 20 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 Large Cap Fund | Tata India Innovation Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | Large Cap | Thematic |
| AUM | ₹10,514 Cr (30-09-2026) | ₹1,245 Cr (30-09-2026) |
| NAV | ₹624.25 (Direct) | ₹10.02 (Direct) |
| Expense ratio (Direct) | 0.76% | 0.97% |
| Expense ratio (Regular) | 1.84% | 2.37% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 500 TRI |
| Launch date | 29-12-1998 | 28-11-2024 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rohit Tandon | Meeta Shetty, Hasmukh Vishariya |
| Exit load | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days | Exit load of 0.50%, if redeemed within 30 days. |
Kotak Large Cap vs Tata India Innovation: 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 Large Cap Fund (Direct) | +0.02% | −5.67% | −2.81% | −8.49% | +10.14% | +8.31% | +12.42% |
| Tata India Innovation Fund (Direct) | −0.27% | −3.35% | +6.88% | −1.91% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 35 Large Cap funds and the 235 Thematic funds, same plan type.
Kotak Large Cap vs Tata India Innovation: Year-wise Returns
| Year | Kotak Large CapKotak Large Cap | Tata India InnovationTata India Innovation |
|---|---|---|
| 2026to date | −9.24% | −0.43% |
| 2025 | +9.95% | −0.34% |
| 2024 | +17.61% | -- |
| 2023 | +24.44% | -- |
| 2022 | +3.28% | -- |
| 2021 | +29.30% | -- |
Kotak Large Cap vs Tata India Innovation: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Kotak Large Cap Fund
Rolling returns
Every 1-year holding period, 221 of them, one for each trading day from 05-12-2025 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 Large Cap Fund (Direct)
Tata India Innovation Fund (Direct)
Nifty 100 TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 Large Cap | 38.0 | 28.1 | 14.9 | 13.6 | 5.4 | 0.0 | 0.0 | 3.1% | 1.9% | −10.0% | 17.7% | 92% |
| Tata India Innovation | 23.1 | 54.3 | 22.6 | 0.0 | 0.0 | 0.0 | 0.0 | 2.6% | 2.6% | −5.5% | 9.7% | 59% |
| Nifty 100 TRI | 44.3 | 23.5 | 15.8 | 15.4 | 0.9 | 0.0 | 0.0 | 2.3% | 1.0% | −10.5% | 15.3% | -- |
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 05-12-2024. Past returns do not promise future returns.
Kotak Large Cap vs Tata India Innovation: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Large CapKotak Large Cap Fund (Direct) | ₹2,30,000 | ₹2,23,355 | −₹6,645 | −2.9% |
| Tata India InnovationTata India Innovation Fund (Direct) | ₹2,30,000 | ₹2,37,913 | ₹7,913 | 3.4% |
Kotak Large CapKotak Large Cap Fund (Direct)
Tata India InnovationTata India Innovation 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 Large Cap vs Tata India Innovation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Large Cap Fund (Direct) | Tata India Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.49% | −1.91% |
| Standard deviation | 13.58% | 14.35% |
| Sharpe ratio | -1.01 | -0.50 |
| Sortino ratio | -1.34 | -0.68 |
| Maximum drawdown | −13.9% (31-03-2026) | −16.8% (23-03-2026) |
| Beta | 0.97 | 0.95 |
| Alpha | −0.20% | +4.76% |
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 Large Cap Fund (Direct) | Tata India Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.25% | −0.65% |
| Standard deviation | 15.46% | 14.70% |
| Sharpe ratio | 0.47 | -0.42 |
| Sortino ratio | 0.64 | -0.57 |
| Maximum drawdown | −36.9% (23-03-2020) | −18.1% (07-04-2025) |
| Beta | 0.96 | 0.98 |
| Alpha | +1.50% | +1.43% |
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 Large Cap Fund (Direct)
Tata India Innovation 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 Large Cap Fund (Direct) | −13.9% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.9% |
| Tata India Innovation Fund (Direct) | −18.1% | 02-01-2025 | 07-04-2025 | 19-09-2025 | 5 months | −5.5% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 05-12-2024, 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 Large Cap Fund (Direct)
Tata India Innovation Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Large Cap Fund (Direct) | 100% | 100% | 1.80% |
| Tata India Innovation Fund (Direct) | 85% | 85% | 8.18% |
From month-end values since 05-12-2024. 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 Large Cap vs Tata India Innovation: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Large Cap Fund, September 2026; Tata India Innovation Fund, September 2026
Holdings in common
- Overlap
- 35.6%
- Held by both
- 20
- Only in Kotak Large Cap
- 41
- Only in Tata India Innovation
- 40
| Security | % of Kotak Large Cap | % of Tata India Innovation |
|---|---|---|
| ICICI BANK LTD. | 7.87% | 5.07% |
| HDFC BANK LTD. | 6.37% | 4.13% |
| RELIANCE INDUSTRIES LTD. | 5.79% | 3.50% |
| BHARTI AIRTEL LTD. | 3.85% | 3.17% |
| AXIS BANK LTD. | 3.01% | 3.41% |
| Mahindra & Mahindra Ltd. | 2.13% | 2.49% |
| Maruti Suzuki India Limited | 2.15% | 2.07% |
| ETERNAL LIMITED | 1.99% | 2.96% |
| Tech Mahindra Ltd. | 1.57% | 2.72% |
| KOTAK MAHINDRA BANK LTD. | 1.62% | 1.51% |
| Infosys Ltd. | 2.59% | 1.40% |
| TORRENT PHARMACEUTICALS LTD. | 1.65% | 1.08% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 0.97% | 1.20% |
| Cummins India Ltd. | 1.04% | 0.96% |
| Adani Enterprises Ltd | 0.95% | 0.81% |
| STATE BANK OF INDIA. | 4.49% | 0.77% |
| MANIPAL HEALTH ENTERPRISES LTD | 0.51% | 1.24% |
| VISHAL MEGA MART LIMITED | 0.41% | 2.24% |
| LG ELECTRONICS INDIA LTD. | 0.61% | 0.35% |
| Sona BLW Precision Forgings Ltd | 0.16% | 0.90% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.6% means 35.6% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| Larsen and Toubro Ltd. | 3.97% |
| BAJAJ FINANCE LTD. | 3.14% |
| NTPC LTD | 2.65% |
| Solar Industries India Limited | 2.30% |
| Tata Steel Ltd. | 2.05% |
Largest holdings only in Tata India Innovation Fund
| Security | % of fund |
|---|---|
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 3.74% |
| DR. LAL PATH LABS LTD | 2.73% |
| DIXON TECHNOLOGIES (INDIA) LTD | 2.18% |
| ATHER ENERGY LTD | 1.90% |
| TBO TEK LTD | 1.89% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Large Cap | Tata India Innovation |
|---|---|---|
| Equity | 94.1% | 91.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.9% | 8.4% |
Market cap of stocks
| Market cap | Kotak Large Cap | Tata India Innovation |
|---|---|---|
| Large Cap | 81.5% | 42.6% |
| Mid Cap | 7.7% | 13.4% |
| Small Cap | 3.8% | 33.3% |
| Not on AMFI's list | 1.1% | 2.3% |
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 Large Cap | Tata India Innovation |
|---|---|---|
| Banks | 23.4% | 17.9% |
| Healthcare Services | 1.9% | 10.5% |
| Pharmaceuticals & Biotechnology | 0.0% | 7.8% |
| Petroleum Products | 7.0% | 3.5% |
| Retailing | 2.4% | 7.0% |
| Auto Components | 4.4% | 6.6% |
| Automobiles | 4.6% | 6.5% |
| Finance | 6.3% | 0.0% |
| IT - Software | 4.8% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Large Cap vs Tata India Innovation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Large Cap Fund | Tata India Innovation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 0.97% |
| Base expense ratio (Direct) | 0.58% | 0.66% |
| Total expense ratio (Regular) | 1.84% | 2.37% |
| Base expense ratio (Regular) | 1.49% | 1.86% |
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 Large Cap with
Kotak Large Cap Fund vs Tata India Innovation Fund: Frequently Asked Questions
What is the difference between Kotak Large Cap Fund and Tata India Innovation Fund?
Kotak Large Cap Fund is a Large Cap fund, Tata India Innovation Fund is a Thematic fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 35.6%. Kotak Large Cap Fund charges 0.76% a year and Tata India Innovation Fund 0.97%.
Which has given higher returns, Kotak Large Cap Fund or Tata India Innovation Fund?
Over 1 year: Kotak Large Cap Fund −8.49%, Tata India Innovation Fund −1.91%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Large Cap Fund or Tata India Innovation Fund?
Kotak Large Cap Fund charges less: 0.76% a year against 0.97%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Large Cap Fund and Tata India Innovation Fund overlap?
35.6%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Kotak Large Cap Fund or Tata India Innovation Fund?
On SEBI's riskometer, Kotak Large Cap Fund is rated Very High and Tata India Innovation Fund Very High. Over 1 years, the standard deviation of daily returns was 13.58% and 14.35% a year.
Can I invest in both Kotak Large Cap Fund and Tata India Innovation Fund?
Yes. 35.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Large Cap Fund and Tata India Innovation Fund?
Kotak Large Cap Fund: Rohit Tandon. Tata India Innovation Fund: Meeta Shetty, Hasmukh Vishariya.
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.