Kotak Nifty Midcap 150 Index Fund vs Kotak Nifty Midcap 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty Midcap 150 Index Fund is an Index fund and Kotak Nifty Midcap 50 ETF is an ETF fund. In the year to 30-10-2026, Kotak Nifty Midcap 150 Index Fund (Direct) returned −4.8% and Kotak Nifty Midcap 50 ETF returned −2.7%. Kotak Nifty Midcap 150 Index Fund charges 0.42% a year and Kotak Nifty Midcap 50 ETF 0.35%. Their portfolios overlap 53.5%: they hold 50 of the same securities.
Kotak Nifty Midcap 150 Index Fund
Index
- 1 year return
- −4.8%
- Expense ratio
- 0.42%
- NAV
- ₹10.83
Kotak Nifty Midcap 50 ETF
ETF
- 1 year return
- −2.7%
- Expense ratio
- 0.35%
- NAV
- ₹16.88
Which is better, Kotak Nifty Midcap 150 Index or Kotak Nifty Midcap 50 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Nifty Midcap 50 ETF returned more over 1 year: −2.7% against −4.8%.
- Kotak Nifty Midcap 50 ETF costs less: 0.35% a year against 0.42%.
- Kotak Nifty Midcap 150 Index fell less in its worst fall since 28-03-2025: −14.0% against −14.4%.
- Kotak Nifty Midcap 50 ETF is the larger fund: ₹202 Cr against ₹46 Cr.
- Their portfolios overlap 53.5%: 50 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 Nifty Midcap 150 Index Fund | Kotak Nifty Midcap 50 ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Index | ETF |
| AUM | ₹46 Cr (30-09-2026) | ₹202 Cr (30-09-2026) |
| NAV | ₹10.83 (Direct) | ₹16.88 |
| Expense ratio (Direct) | 0.42% | Not available |
| Expense ratio (Regular) | 0.90% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | NIFTY Midcap 50 TRI |
| Launch date | 21-03-2025 | 28-01-2022 |
| Minimum investment | ₹100 | Ongoing purchases directly from the Mutual Fund would be restricted to Authorized Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorised Participants and Large Investors may buy the units on any b |
| Lock in | None | None |
| Fund managers | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | Nil | Nil |
Kotak Nifty Midcap 150 Index vs Kotak Nifty Midcap 50 ETF: 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 Nifty Midcap 150 Index Fund (Direct) | −3.71% | −8.51% | −4.06% | −4.75% | -- | -- | -- |
| Kotak Nifty Midcap 50 ETF | −2.98% | −8.38% | −1.98% | −2.74% | +14.90% | -- | -- |
Kotak Nifty Midcap 150 Index vs Kotak Nifty Midcap 50 ETF: Year-wise Returns
| Year | 150 IndexKotak Nifty Midcap 150 Index | 50 ETFKotak Nifty Midcap 50 ETF |
|---|---|---|
| 2026to date | −5.26% | −3.97% |
| 2025 | -- | +8.41% |
| 2024 | -- | +22.01% |
| 2023 | -- | +50.83% |
Kotak Nifty Midcap 150 Index vs Kotak Nifty Midcap 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of Kotak Nifty Midcap 150 Index Fund
Rolling returns
Every 1-year holding period, 145 of them, one for each trading day from 30-03-2026 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 Nifty Midcap 150 Index Fund (Direct)
Kotak Nifty Midcap 50 ETF
Nifty Midcap 150 TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 Nifty Midcap 150 Index | 8.3 | 27.6 | 38.6 | 24.1 | 1.4 | 0.0 | 0.0 | 6.7% | 6.7% | −5.9% | 16.4% | 0% |
| Kotak Nifty Midcap 50 ETF | 4.1 | 13.8 | 39.3 | 29.7 | 13.1 | 0.0 | 0.0 | 9.1% | 9.0% | −4.0% | 18.1% | 93% |
| Nifty Midcap 150 TRI | 6.2 | 21.4 | 44.8 | 23.4 | 4.1 | 0.0 | 0.0 | 7.3% | 7.3% | −5.5% | 17.3% | -- |
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 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 28-03-2025. Past returns do not promise future returns.
Kotak Nifty Midcap 150 Index vs Kotak Nifty Midcap 50 ETF: 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 28-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty Midcap 150 IndexKotak Nifty Midcap 150 Index Fund (Direct) | ₹2,00,000 | ₹1,96,859 | −₹3,141 | −1.8% |
| Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF | ₹2,00,000 | ₹2,02,146 | ₹2,146 | 1.2% |
Kotak Nifty Midcap 150 IndexKotak Nifty Midcap 150 Index Fund (Direct)
Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF
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 Nifty Midcap 150 Index vs Kotak Nifty Midcap 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty Midcap 150 Index Fund (Direct) | Kotak Nifty Midcap 50 ETF |
|---|---|---|
| Return (CAGR) | −4.75% | −2.74% |
| Standard deviation | 16.53% | 16.98% |
| Sharpe ratio | -0.60 | -0.47 |
| Sortino ratio | -0.81 | -0.63 |
| Maximum drawdown | −14.0% (30-03-2026) | −14.4% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.39% | −0.18% |
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 Nifty Midcap 150 Index Fund (Direct) | Kotak Nifty Midcap 50 ETF |
|---|---|---|
| Return (CAGR) | +5.59% | +15.91% |
| Standard deviation | 16.28% | 17.61% |
| Sharpe ratio | 0.01 | 0.57 |
| Sortino ratio | 0.02 | 0.77 |
| Maximum drawdown | −14.0% (30-03-2026) | −20.3% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.34% | −0.36% |
From daily NAVs, 28-03-2025 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.
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 Nifty Midcap 150 Index Fund (Direct)
Kotak Nifty Midcap 50 ETF
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Midcap 150 Index Fund (Direct) | −14.0% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
| Kotak Nifty Midcap 50 ETF | −14.4% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.7% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 28-03-2025, 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 Nifty Midcap 150 Index Fund (Direct)
Kotak Nifty Midcap 50 ETF
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty Midcap 150 Index Fund (Direct) | 96% | 101% | 1.00% |
| Kotak Nifty Midcap 50 ETF | 109% | 103% | 3.40% |
From month-end values since 28-03-2025. 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 Nifty Midcap 150 Index vs Kotak Nifty Midcap 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Midcap 150 Index Fund, September 2026; Kotak Nifty Midcap 50 ETF, September 2026
Holdings in common
- Overlap
- 53.5%
- Held by both
- 50
- Only in Kotak Nifty Midcap 150 Index
- 100
- Only in Kotak Nifty Midcap 50 ETF
- 0
| Security | % of Kotak Nifty Midcap 150 Index | % of Kotak Nifty Midcap 50 ETF |
|---|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 2.09% | 3.91% |
| FEDERAL BANK LTD. | 1.95% | 3.64% |
| Laurus Labs Ltd | 1.92% | 3.58% |
| One 97 Communications Ltd | 1.80% | 3.36% |
| Hero MotoCorp Ltd. | 1.69% | 3.16% |
| INDIAN HOTELS CO LTD | 1.59% | 2.97% |
| Bharat Heavy Electricals Ltd. | 1.51% | 2.81% |
| INDUSIND BANK LTD. | 1.48% | 2.76% |
| AU SMALL FINANCE BANK LTD. | 1.46% | 2.73% |
| Persistent Systems Limited | 1.43% | 2.67% |
| Dixon Technologies India Ltd | 1.36% | 2.54% |
| IDFC FIRST BANK LIMITED | 1.35% | 2.51% |
| BHARAT FORGE LTD. | 1.33% | 2.49% |
| GE VERNOVA T&D INDIA LIMITED | 1.29% | 2.42% |
| Lupin Ltd. | 1.23% | 2.29% |
| Suzlon Energy Ltd. | 1.20% | 2.23% |
| Indus Towers Ltd. | 1.20% | 2.23% |
| Info Edge India Ltd. | 1.18% | 2.20% |
| Aurobindo Pharma Ltd. | 1.15% | 2.15% |
| Ashok Leyland Ltd. | 1.10% | 2.05% |
| FSN E-Commerce Ventures Ltd. | 1.09% | 2.04% |
| MARICO LTD. | 1.04% | 1.94% |
| Fortis Healthcare India Ltd | 1.00% | 1.86% |
| United Spirits Ltd | 1.00% | 1.86% |
| APL Apollo Tubes Ltd | 0.99% | 1.85% |
| ICICI Lombard General Insurance Company Ltd | 0.96% | 1.80% |
| PB Fintech Ltd. | 0.94% | 1.76% |
| SWIGGY LTD | 0.93% | 1.75% |
| REC LTD | 0.93% | 1.74% |
| YES BANK LTD. | 0.92% | 1.71% |
| Max Financial Services Ltd | 0.91% | 1.69% |
| PHOENIX MILLS LTD. | 0.90% | 1.68% |
| SRF LTD. | 0.89% | 1.67% |
| Glenmark Pharmaceuticals Ltd | 0.87% | 1.63% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.84% | 1.56% |
| GMR AIRPORTS LIMITED | 0.82% | 1.53% |
| National Aluminium Company Ltd. | 0.76% | 1.42% |
| JSW ENERGY LTD. | 0.75% | 1.41% |
| UPL Ltd | 0.75% | 1.41% |
| MANKIND PHARMA LTD | 0.71% | 1.32% |
| VISHAL MEGA MART LIMITED | 0.70% | 1.32% |
| NHPC Ltd. | 0.68% | 1.28% |
| NMDC Ltd. | 0.66% | 1.23% |
| Havells India Ltd. | 0.64% | 1.19% |
| Tube Investments Of India Ltd. | 0.63% | 1.18% |
| Prestige Estates Projects Limited | 0.62% | 1.16% |
| Oil India Limited | 0.61% | 1.14% |
| WAAREE ENERGIES LIMITED | 0.57% | 1.06% |
| Dabur India Ltd. | 0.56% | 1.04% |
| GODREJ PROPERTIES LIMITED | 0.55% | 1.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.5% means 53.5% 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 Nifty Midcap 150 Index Fund
| Security | % of fund |
|---|---|
| Coforge Limited | 1.52% |
| Life Insurance Corporation Of India | 1.25% |
| LENSKART SOLUTIONS LIMITED | 1.25% |
| EMBASSY OFFICE PARKS REIT | 0.95% |
| Radico Khaitan Ltd. | 0.85% |
Largest holdings only in Kotak Nifty Midcap 50 ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Midcap 150 Index | Kotak Nifty Midcap 50 ETF |
|---|---|---|
| Equity | 100.1% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.1% |
Market cap of stocks
| Market cap | Kotak Nifty Midcap 150 Index | Kotak Nifty Midcap 50 ETF |
|---|---|---|
| Large Cap | 5.8% | 5.0% |
| Mid Cap | 91.7% | 94.9% |
| Small Cap | 2.6% | 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 Nifty Midcap 150 Index | Kotak Nifty Midcap 50 ETF |
|---|---|---|
| Banks | 8.8% | 13.3% |
| Pharmaceuticals and Biotechnology | 9.2% | 11.0% |
| Electrical Equipment | 6.0% | 8.5% |
| Retailing | 5.7% | 7.3% |
| Finance | 6.9% | 1.7% |
| Financial Technology (Fintech) | 2.7% | 5.1% |
| Capital Markets | 4.7% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Midcap 150 Index vs Kotak Nifty Midcap 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Midcap 150 Index Fund | Kotak Nifty Midcap 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.42% | Not available |
| Base expense ratio (Direct) | 0.13% | 0.00% |
| Total expense ratio (Regular) | 0.90% | Not available |
| Base expense ratio (Regular) | 0.53% | 0.21% |
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.
Kotak Nifty Midcap 150 Index Fund vs Kotak Nifty Midcap 50 ETF: Frequently Asked Questions
What is the difference between Kotak Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 50 ETF?
Kotak Nifty Midcap 150 Index Fund is an Index fund, Kotak Nifty Midcap 50 ETF is an ETF fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 53.5%. Kotak Nifty Midcap 150 Index Fund charges 0.42% a year and Kotak Nifty Midcap 50 ETF 0.35%.
Which has given higher returns, Kotak Nifty Midcap 150 Index Fund or Kotak Nifty Midcap 50 ETF?
Over 1 year: Kotak Nifty Midcap 150 Index Fund −4.75%, Kotak Nifty Midcap 50 ETF −2.74%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty Midcap 150 Index Fund or Kotak Nifty Midcap 50 ETF?
Kotak Nifty Midcap 50 ETF charges less: 0.35% a year against 0.42%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 50 ETF overlap?
53.5%. They hold 50 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Midcap 150 Index Fund or Kotak Nifty Midcap 50 ETF?
On SEBI's riskometer, Kotak Nifty Midcap 150 Index Fund is rated Very High and Kotak Nifty Midcap 50 ETF Very High. Over 1 years, the standard deviation of daily returns was 16.53% and 16.98% a year.
Can I invest in both Kotak Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 50 ETF?
Yes. 53.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Nifty Midcap 150 Index Fund and Kotak Nifty Midcap 50 ETF?
Kotak Nifty Midcap 150 Index Fund: Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar. Kotak Nifty Midcap 50 ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.