Kotak Mid Cap Fund vs Tata Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Mid Cap Fund and Tata Mid Cap Fund are both Mid Cap funds. In the 3 years to 30-10-2026, Kotak Mid Cap Fund (Direct) returned 15.0% a year and Tata Mid Cap Fund (Direct) returned 13.5% a year. Kotak Mid Cap Fund charges 0.55% a year and Tata Mid Cap Fund 0.85% (Direct plans). Their portfolios overlap 31.0%: they hold 23 of the same securities.
Which is better, Kotak Mid Cap or Tata 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 Mid Cap returned more over 5 years: 14.5% a year against 13.2%.
- Kotak Mid Cap returned more over 3 years: 15.0% a year against 13.5%.
- Kotak Mid Cap costs less: 0.55% a year against 0.85% (Direct plans).
- Tata Mid Cap swung less over 3 years: a standard deviation of 15.5% a year against 16.0%.
- Tata Mid Cap fell less in its worst fall since 03-01-2013: −35.1% against −36.0%.
- Kotak Mid Cap is the larger fund: ₹66,613 Cr against ₹5,860 Cr.
- Their portfolios overlap 31.0%: 23 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 Mid Cap Fund | Tata Mid Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹66,613 Cr (30-09-2026) | ₹5,860 Cr (30-09-2026) |
| NAV | ₹155.01 (Direct) | ₹492.52 (Direct) |
| Expense ratio (Direct) | 0.55% | 0.85% |
| Expense ratio (Regular) | 1.51% | 2.02% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 30-03-2007 | 31-03-2004 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Atul Bhole | Satish Chandra Mishra |
| 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 Mid Cap vs Tata 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 Mid Cap Fund (Direct) | −3.71% | −8.87% | −3.43% | −4.47% | +14.97% | +14.46% | +16.42% |
| Tata Mid Cap Fund (Direct) | −2.91% | −7.20% | −2.55% | −2.67% | +13.47% | +13.17% | +15.45% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Kotak Mid Cap vs Tata Mid Cap: Year-wise Returns
| Year | KotakKotak Mid Cap | TataTata Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −2.41% | −4.51% | −4.97% |
| 2025 | +2.89% | +7.13% | +5.98% |
| 2024 | +35.02% | +24.17% | +24.46% |
| 2023 | +33.02% | +42.15% | +44.61% |
| 2022 | +6.44% | +1.92% | +3.91% |
| 2021 | +49.17% | +41.73% | +48.16% |
Kotak Mid Cap vs Tata Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 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 Mid Cap Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 150 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 Mid Cap | 2.3 | 3.8 | 5.6 | 11.3 | 12.3 | 28.1 | 36.5 | 21.9% | 22.7% | −5.9% | 48.3% | 64% |
| Tata Mid Cap | 1.7 | 4.5 | 10.3 | 14.1 | 14.6 | 24.4 | 30.4 | 19.7% | 21.4% | −4.1% | 40.3% | 38% |
| Nifty Midcap 150 TRI | 5.4 | 7.2 | 6.3 | 10.4 | 10.9 | 28.5 | 31.2 | 19.4% | 22.1% | −8.3% | 40.6% | -- |
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 Midcap 150 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 03-01-2013. Past returns do not promise future returns.
Kotak Mid Cap vs Tata 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 03-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Mid CapKotak Mid Cap Fund (Direct) | ₹16,60,000 | ₹69,29,920 | ₹52,69,920 | 18.9% |
| Tata Mid CapTata Mid Cap Fund (Direct) | ₹16,60,000 | ₹60,46,055 | ₹43,86,055 | 17.1% |
Kotak Mid CapKotak Mid Cap Fund (Direct)
Tata Mid CapTata 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 Mid Cap vs Tata Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Mid Cap Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.47% | −2.67% |
| Standard deviation | 16.19% | 15.25% |
| Sharpe ratio | -0.60 | -0.52 |
| Sortino ratio | -0.81 | -0.70 |
| Maximum drawdown | −13.4% (23-10-2026) | −13.0% (31-03-2026) |
| Beta | 0.95 | 0.90 |
| Alpha | −0.57% | +0.75% |
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 Mid Cap Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.97% | +13.47% |
| Standard deviation | 16.04% | 15.51% |
| Sharpe ratio | 0.56 | 0.48 |
| Sortino ratio | 0.75 | 0.64 |
| Maximum drawdown | −20.9% (28-02-2025) | −21.2% (28-02-2025) |
| Beta | 0.91 | 0.88 |
| Alpha | +1.87% | +0.57% |
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 Mid Cap Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.46% | +13.17% |
| Standard deviation | 15.08% | 15.37% |
| Sharpe ratio | 0.57 | 0.48 |
| Sortino ratio | 0.77 | 0.63 |
| Maximum drawdown | −20.9% (28-02-2025) | −21.2% (28-02-2025) |
| Beta | 0.87 | 0.89 |
| Alpha | +1.67% | +0.20% |
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 Mid Cap Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.97% | +18.08% |
| Standard deviation | 15.17% | 16.01% |
| Sharpe ratio | 0.85 | 0.75 |
| Sortino ratio | 1.14 | 1.00 |
| Maximum drawdown | −36.0% (24-03-2020) | −35.1% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2013 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 Mid Cap Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Mid Cap Fund (Direct) | −36.0% | 07-02-2020 | 24-03-2020 | 12-11-2020 | 8 months | −11.0% |
| Tata Mid Cap Fund (Direct) | −35.1% | 07-02-2020 | 23-03-2020 | 05-11-2020 | 7 months | −9.6% |
| Nifty Midcap 150 TRI | −43.1% | 08-01-2018 | 23-03-2020 | 23-11-2020 | 8 months | −10.5% |
From daily values since 03-01-2013, 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 Mid Cap Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 150 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 Mid Cap Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 150 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 Mid Cap Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Mid Cap Fund (Direct) | 94% | 85% | 4.81% |
| Tata Mid Cap Fund (Direct) | 91% | 87% | 4.67% |
From month-end values since 03-01-2013. 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 Mid Cap vs Tata Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Mid Cap Fund, September 2026; Tata Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 31.0%
- Held by both
- 23
- Only in Kotak Mid Cap
- 48
- Only in Tata Mid Cap
- 35
| Security | % of Kotak Mid Cap | % of Tata Mid Cap |
|---|---|---|
| L&T FINANCE LTD | 2.72% | 2.94% |
| FEDERAL BANK LTD. | 2.62% | 2.71% |
| BHARTI HEXACOM LTD. | 2.00% | 2.67% |
| Mphasis Ltd | 2.57% | 1.84% |
| Persistent Systems Limited | 1.60% | 1.80% |
| INDIAN BANK | 2.24% | 1.58% |
| Oberoi Realty Limited | 2.11% | 1.51% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 1.41% | 1.41% |
| Dixon Technologies India Ltd | 2.87% | 1.35% |
| BHARAT FORGE LTD. | 1.22% | 1.81% |
| Solar Industries India Limited | 2.41% | 1.18% |
| Max Financial Services Ltd | 1.18% | 2.81% |
| HDB FINANCIAL SERVICES LTD. | 1.46% | 1.09% |
| GE VERNOVA T&D INDIA LIMITED | 2.45% | 1.08% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 1.22% | 1.08% |
| JK Cement Ltd. | 1.08% | 2.04% |
| Bharat Electronics Ltd. | 1.96% | 1.06% |
| Max Healthcare Institute Ltd. | 1.01% | 2.75% |
| ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 0.99% | 1.36% |
| Jindal Steel & Power Ltd | 0.89% | 0.97% |
| Minda Industries Ltd. | 0.87% | 2.00% |
| Voltas Ltd. | 0.83% | 1.10% |
| P I Industries Ltd | 1.05% | 0.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.0% means 31.0% 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 Mid Cap Fund
| Security | % of fund |
|---|---|
| IPCA Laboratories Ltd. | 3.57% |
| Fortis Healthcare India Ltd | 3.49% |
| VISHAL MEGA MART LIMITED | 3.04% |
| KEI Industries Ltd. | 2.45% |
| Schaeffler India Ltd | 2.36% |
Largest holdings only in Tata Mid Cap Fund
| Security | % of fund |
|---|---|
| MANKIND PHARMA LTD | 3.42% |
| BHARAT HEAVY ELECTRICALS LTD | 3.20% |
| ONE 97 COMMUNICATIONS LTD | 3.15% |
| MULTI COMMODITY EXCHANGE OF IND LTD | 2.96% |
| AU SMALL FINANCE BANK LTD | 2.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Mid Cap | Tata Mid Cap |
|---|---|---|
| Equity | 98.6% | 97.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 2.6% |
Market cap of stocks
| Market cap | Kotak Mid Cap | Tata Mid Cap |
|---|---|---|
| Large Cap | 13.5% | 16.4% |
| Mid Cap | 66.5% | 74.5% |
| Small Cap | 17.8% | 6.5% |
| Not on AMFI's list | 0.8% | 0.0% |
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 Mid Cap | Tata Mid Cap |
|---|---|---|
| Banks | 7.6% | 11.2% |
| Finance | 10.1% | 5.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 9.9% |
| Pharmaceuticals and Biotechnology | 9.6% | 0.0% |
| Healthcare Services | 8.7% | 2.8% |
| Auto Components | 7.0% | 8.4% |
| Retailing | 7.2% | 0.0% |
| Electrical Equipment | 4.6% | 6.4% |
| Capital Markets | 5.4% | 6.0% |
| Chemicals & Petrochemicals | 0.0% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Mid Cap vs Tata Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Mid Cap Fund | Tata Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.55% | 0.85% |
| Base expense ratio (Direct) | 0.36% | 0.56% |
| Total expense ratio (Regular) | 1.51% | 2.02% |
| Base expense ratio (Regular) | 1.17% | 1.57% |
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 Mid Cap with
Kotak Mid Cap Fund vs Tata Mid Cap Fund: Frequently Asked Questions
What is the difference between Kotak Mid Cap Fund and Tata Mid Cap Fund?
Both are Mid Cap funds, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 31.0%. Kotak Mid Cap Fund charges 0.55% a year and Tata Mid Cap Fund 0.85%.
Which has given higher returns, Kotak Mid Cap Fund or Tata Mid Cap Fund?
Over 1 year: Kotak Mid Cap Fund −4.47%, Tata Mid Cap Fund −2.67%. Over 3 years: Kotak Mid Cap Fund +14.97% a year, Tata Mid Cap Fund +13.47% a year. Over 5 years: Kotak Mid Cap Fund +14.46% a year, Tata Mid Cap Fund +13.17% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Mid Cap Fund or Tata Mid Cap Fund?
Kotak Mid Cap Fund charges less: 0.55% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Mid Cap Fund and Tata Mid Cap Fund overlap?
31.0%. They hold 23 of the same securities, the largest shared ones being LTF, FEDERALBNK, BHARTIHEXA. From each fund's latest monthly portfolio.
Which is riskier, Kotak Mid Cap Fund or Tata Mid Cap Fund?
On SEBI's riskometer, Kotak Mid Cap Fund is rated Very High and Tata Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 16.04% and 15.51% a year.
Which is better for SIP, Kotak Mid Cap Fund or Tata Mid Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,46,604 in Kotak Mid Cap Fund (XIRR 12.9% a year) and ₹8,27,877 in Tata Mid Cap Fund (XIRR 12.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Mid Cap Fund and Tata Mid Cap Fund?
Yes. 31.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Mid Cap Fund and Tata Mid Cap Fund?
Kotak Mid Cap Fund: Atul Bhole. Tata Mid Cap Fund: Satish Chandra Mishra.
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.