Kotak Large & Mid Cap Fund vs Mirae Asset Large & Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Large & Mid Cap Fund and Mirae Asset Large & Midcap Fund are both Large & Mid Cap funds. In the 3 years to 30-10-2026, Kotak Large & Mid Cap Fund (Direct) returned 12.6% a year and Mirae Asset Large & Midcap Fund (Direct) returned 11.4% a year. Kotak Large & Mid Cap Fund charges 0.66% a year and Mirae Asset Large & Midcap Fund 0.87% (Direct plans). Their portfolios overlap 36.9%: they hold 27 of the same securities.
Kotak Large & Mid Cap Fund
Large & Mid Cap
- 3 year return
- 12.6%
- Expense ratio
- 0.66%
- NAV
- ₹382.26
Mirae Asset Large & Midcap Fund
Large & Mid Cap
- 3 year return
- 11.4%
- Expense ratio
- 0.87%
- NAV
- ₹166.95
Which is better, Kotak Large & Mid Cap or Mirae Asset Large & Midcap? 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 9.3%.
- Kotak Large & Mid Cap returned more over 3 years: 12.6% a year against 11.4%.
- Kotak Large & Mid Cap costs less: 0.66% a year against 0.87% (Direct plans).
- Mirae Asset Large & Midcap 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 −36.9%.
- Mirae Asset Large & Midcap is the larger fund: ₹42,834 Cr against ₹30,581 Cr.
- Their portfolios overlap 36.9%: 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 Large & Mid Cap Fund | Mirae Asset Large & Midcap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Large & Mid Cap | Large & Mid Cap |
| AUM | ₹30,581 Cr (30-09-2026) | ₹42,834 Cr (30-09-2026) |
| NAV | ₹382.26 (Direct) | ₹166.95 (Direct) |
| Expense ratio (Direct) | 0.66% | 0.87% |
| Expense ratio (Regular) | 1.67% | 1.77% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | Nifty LargeMidcap 250 TRI |
| Launch date | 09-09-2004 | 09-07-2010 |
| Minimum investment | ₹100 | Lumpsum purchase not allowed |
| Lock in | None | None |
| Fund managers | Harsha Upadhyaya | Neelesh Surana, Ankit Jain |
| 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 1% if redeemed within 1 year |
Kotak Large & Mid Cap vs Mirae Asset Large & Midcap: 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 & Mid Cap Fund (Direct) | −1.69% | −6.70% | −3.25% | −5.81% | +12.56% | +12.27% | +14.50% |
| Mirae Asset Large & Midcap Fund (Direct) | −1.38% | −6.98% | −1.65% | −5.82% | +11.37% | +9.30% | +15.19% |
| Large & Mid Cap average | −1.78% | −5.20% | −0.43% | −3.99% | +13.28% | +11.36% | +13.62% |
Category average: the average of the 36 Large & Mid Cap funds, same plan type.
Kotak Large & Mid Cap vs Mirae Asset Large & Midcap: Year-wise Returns
| Year | Kotak Large & Mid CapKotak Large & Mid Cap | Mirae Asset Large & MidcapMirae Asset Large & Midcap | NIFTY LargeMidcap 250 TRI |
|---|---|---|---|
| 2026to date | −5.94% | −6.48% | −7.09% |
| 2025 | +6.68% | +10.22% | +8.19% |
| 2024 | +25.54% | +16.65% | +18.68% |
| 2023 | +30.85% | +30.59% | +32.66% |
| 2022 | +8.30% | −0.47% | +4.48% |
| 2021 | +32.03% | +40.57% | +37.04% |
Kotak Large & Mid Cap vs Mirae Asset Large & Midcap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of both
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 Large & Mid Cap Fund (Direct)
Mirae Asset Large & Midcap 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 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% |
| Mirae Asset Large & Midcap | 0.2 | 2.3 | 4.2 | 11.8 | 32.8 | 21.0 | 27.6 | 21.3% | 19.8% | −2.3% | 48.2% | 38% |
| 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 Large & Mid Cap vs Mirae Asset Large & Midcap: 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 Large & Mid CapKotak Large & Mid Cap Fund (Direct) | ₹16,60,000 | ₹52,52,777 | ₹35,92,777 | 15.4% |
| Mirae Asset Large & MidcapMirae Asset Large & Midcap Fund (Direct) | ₹16,60,000 | ₹62,21,270 | ₹45,61,270 | 17.5% |
Kotak Large & Mid CapKotak Large & Mid Cap Fund (Direct)
Mirae Asset Large & MidcapMirae Asset Large & Midcap 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 & Mid Cap vs Mirae Asset Large & Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Large & Mid Cap Fund (Direct) | Mirae Asset Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.81% | −5.82% |
| Standard deviation | 15.28% | 14.60% |
| Sharpe ratio | -0.72 | -0.76 |
| Sortino ratio | -0.97 | -1.01 |
| Maximum drawdown | −13.6% (31-03-2026) | −14.4% (31-03-2026) |
| Beta | 1.01 | 0.97 |
| Alpha | +0.80% | +0.26% |
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 & Mid Cap Fund (Direct) | Mirae Asset Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.56% | +11.37% |
| Standard deviation | 14.91% | 14.54% |
| Sharpe ratio | 0.44 | 0.37 |
| Sortino ratio | 0.59 | 0.49 |
| Maximum drawdown | −18.5% (28-02-2025) | −19.5% (28-02-2025) |
| Beta | 0.98 | 0.96 |
| Alpha | +1.12% | +0.04% |
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 Large & Mid Cap Fund (Direct) | Mirae Asset Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.27% | +9.30% |
| Standard deviation | 14.46% | 14.30% |
| Sharpe ratio | 0.45 | 0.24 |
| Sortino ratio | 0.60 | 0.33 |
| Maximum drawdown | −18.5% (28-02-2025) | −19.5% (28-02-2025) |
| Beta | 0.95 | 0.95 |
| Alpha | +1.89% | −1.05% |
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 Large & Mid Cap Fund (Direct) | Mirae Asset Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.66% | +19.57% |
| Standard deviation | 15.16% | 15.90% |
| Sharpe ratio | 0.63 | 0.85 |
| Sortino ratio | 0.85 | 1.15 |
| Maximum drawdown | −36.0% (23-03-2020) | −36.9% (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 Large & Mid Cap Fund (Direct)
Mirae Asset Large & Midcap 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 Large & Mid Cap Fund (Direct) | −36.0% | 24-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −8.5% |
| Mirae Asset Large & Midcap Fund (Direct) | −36.9% | 16-01-2020 | 23-03-2020 | 28-08-2020 | 5 months | −8.2% |
| 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 Large & Mid Cap Fund (Direct)
Mirae Asset Large & Midcap 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 Large & Mid Cap Fund (Direct)
Mirae Asset Large & Midcap 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 Large & Mid Cap Fund (Direct)
Mirae Asset Large & Midcap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Large & Mid Cap Fund (Direct) | 94% | 86% | 4.17% |
| Mirae Asset Large & Midcap Fund (Direct) | 98% | 92% | 3.04% |
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 Large & Mid Cap vs Mirae Asset Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Large & Mid Cap Fund, September 2026; Mirae Asset Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 36.9%
- Held by both
- 27
- Only in Kotak Large & Mid Cap
- 41
- Only in Mirae Asset Large & Midcap
- 57
| Security | % of Kotak Large & Mid Cap | % of Mirae Asset Large & Midcap |
|---|---|---|
| HDFC BANK LTD. | 4.52% | 6.40% |
| ICICI BANK LTD. | 3.03% | 3.93% |
| STATE BANK OF INDIA. | 3.92% | 2.98% |
| AXIS BANK LTD. | 2.41% | 3.46% |
| BHARTI AIRTEL LTD. | 2.18% | 2.81% |
| Hero MotoCorp Ltd. | 2.10% | 2.05% |
| Larsen and Toubro Ltd. | 2.27% | 1.50% |
| INDUSIND BANK LTD. | 1.47% | 1.52% |
| RELIANCE INDUSTRIES LTD. | 1.40% | 2.92% |
| SUN PHARMACEUTICAL INDUSTRIES LTD. | 1.90% | 1.26% |
| Infosys Ltd. | 1.30% | 1.25% |
| Dalmia Bharat Limited | 1.23% | 1.81% |
| Dixon Technologies India Ltd | 1.28% | 1.19% |
| Inter Globe Aviation Ltd | 1.14% | 1.47% |
| SWIGGY LTD | 1.06% | 1.46% |
| BHARAT FORGE LTD. | 2.14% | 1.04% |
| KOTAK MAHINDRA BANK LTD. | 0.99% | 1.10% |
| One 97 Communications Ltd | 1.10% | 0.94% |
| Bharat Electronics Ltd. | 3.56% | 0.91% |
| SRF LTD. | 1.41% | 0.89% |
| NTPC LTD | 0.90% | 0.88% |
| Maruti Suzuki India Limited | 0.78% | 1.34% |
| United Spirits Ltd | 0.96% | 0.69% |
| ETERNAL LIMITED | 3.77% | 0.50% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 1.60% | 0.46% |
| Cummins India Ltd. | 0.15% | 0.57% |
| GSPL TRANSMISSION LIMITED | 0.02% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.9% means 36.9% 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 & Mid Cap Fund
| Security | % of fund |
|---|---|
| Ashok Leyland Ltd. | 2.12% |
| BAJAJ FINANCE LTD. | 2.12% |
| BSE LTD | 2.02% |
| Linde India Ltd. | 1.96% |
| Jindal Steel & Power Ltd | 1.93% |
Largest holdings only in Mirae Asset Large & Midcap Fund
| Security | % of fund |
|---|---|
| Laurus Labs Ltd. | 4.10% |
| Steel Authority of India Ltd. | 2.25% |
| SBI Life Insurance Co. Ltd. | 2.03% |
| Delhivery Ltd. | 1.98% |
| Hindalco Industries Ltd. | 1.97% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Large & Mid Cap | Mirae Asset Large & Midcap |
|---|---|---|
| Equity | 98.4% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.6% | 1.4% |
Market cap of stocks
| Market cap | Kotak Large & Mid Cap | Mirae Asset Large & Midcap |
|---|---|---|
| Large Cap | 48.5% | 49.4% |
| Mid Cap | 40.3% | 37.2% |
| Small Cap | 8.2% | 11.3% |
| Not on AMFI's list | 1.4% | 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 Large & Mid Cap | Mirae Asset Large & Midcap |
|---|---|---|
| Banks | 18.7% | 19.4% |
| Pharmaceuticals & Biotechnology | 0.0% | 9.9% |
| Pharmaceuticals and Biotechnology | 8.1% | 0.0% |
| Finance | 7.6% | 3.3% |
| Automobiles | 2.9% | 4.8% |
| Retailing | 4.8% | 4.5% |
| Aerospace and Defense | 4.8% | 0.0% |
| Auto Components | 4.7% | 2.9% |
| Transport Services | 1.1% | 4.6% |
| Telecom - Services | 2.2% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Large & Mid Cap vs Mirae Asset Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Large & Mid Cap Fund | Mirae Asset Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.66% | 0.87% |
| Base expense ratio (Direct) | 0.50% | 0.52% |
| Total expense ratio (Regular) | 1.67% | 1.77% |
| Base expense ratio (Regular) | 1.35% | 1.29% |
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 & Mid Cap with
Compare Mirae Asset Large & Midcap with
Kotak Large & Mid Cap Fund vs Mirae Asset Large & Midcap Fund: Frequently Asked Questions
What is the difference between Kotak Large & Mid Cap Fund and Mirae Asset Large & Midcap Fund?
Both are Large & Mid Cap funds, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 36.9%. Kotak Large & Mid Cap Fund charges 0.66% a year and Mirae Asset Large & Midcap Fund 0.87%.
Which has given higher returns, Kotak Large & Mid Cap Fund or Mirae Asset Large & Midcap Fund?
Over 1 year: Kotak Large & Mid Cap Fund −5.81%, Mirae Asset Large & Midcap Fund −5.82%. Over 3 years: Kotak Large & Mid Cap Fund +12.56% a year, Mirae Asset Large & Midcap Fund +11.37% a year. Over 5 years: Kotak Large & Mid Cap Fund +12.27% a year, Mirae Asset Large & Midcap Fund +9.30% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Large & Mid Cap Fund or Mirae Asset Large & Midcap Fund?
Kotak Large & Mid Cap Fund charges less: 0.66% a year against 0.87%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Large & Mid Cap Fund and Mirae Asset Large & Midcap Fund overlap?
36.9%. They hold 27 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Kotak Large & Mid Cap Fund or Mirae Asset Large & Midcap Fund?
On SEBI's riskometer, Kotak Large & Mid Cap Fund is rated Very High and Mirae Asset Large & Midcap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.91% and 14.54% a year.
Which is better for SIP, Kotak Large & Mid Cap Fund or Mirae Asset Large & Midcap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,94,160 in Kotak Large & Mid Cap Fund (XIRR 10.3% a year) and ₹7,66,267 in Mirae Asset Large & Midcap Fund (XIRR 8.9% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Large & Mid Cap Fund and Mirae Asset Large & Midcap Fund?
Yes. 36.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Large & Mid Cap Fund and Mirae Asset Large & Midcap Fund?
Kotak Large & Mid Cap Fund: Harsha Upadhyaya. Mirae Asset Large & Midcap Fund: Neelesh Surana, Ankit Jain.
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.