Kotak Nifty Midcap 150 Index Fund vs SBI Nifty Midcap 150 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 SBI Nifty Midcap 150 ETF is a mutual fund. Kotak Nifty Midcap 150 Index Fund charges 0.42% a year and SBI Nifty Midcap 150 ETF 0.27%. Their portfolios overlap 99.9%: they hold 150 of the same securities.
Kotak Nifty Midcap 150 Index Fund
Index
- Expense ratio
- 0.42%
- NAV
- ₹10.83
Which is better, Kotak Nifty Midcap 150 Index or SBI Nifty Midcap 150 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty Midcap 150 ETF costs less: 0.27% a year against 0.42%.
- Kotak Nifty Midcap 150 Index fell less in its worst fall since 02-04-2026: −12.5% against −12.5%.
- Kotak Nifty Midcap 150 Index is the larger fund: ₹46 Cr against ₹13 Cr.
- Their portfolios overlap 99.9%: 150 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 | SBI Nifty Midcap 150 ETF |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹46 Cr (30-09-2026) | ₹13 Cr (30-09-2026) |
| NAV | ₹10.83 (Direct) | ₹21.11 (Regular) |
| Expense ratio (Direct) | 0.42% | Not available |
| Expense ratio (Regular) | 0.90% | 0.27% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Midcap 150 TRI | Not available |
| Launch date | 21-03-2025 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Satish DondapatiFM 2 Mr. Abhishek Bisen, Jeetu Valechha Sonar | Not available |
| Exit load | Nil | Not available |
Kotak Nifty Midcap 150 Index vs SBI Nifty Midcap 150 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% | -- | -- | -- |
| SBI Nifty Midcap 150 ETF (Regular) | −3.70% | −8.53% | −4.06% | -- | -- | -- | -- |
Kotak Nifty Midcap 150 Index vs SBI Nifty Midcap 150 ETF: Year-wise Returns
| Year | Kotak Nifty Midcap 150 IndexKotak Nifty Midcap 150 Index | SBI Nifty Midcap 150 ETFSBI Nifty Midcap 150 ETF | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | −5.26% | -- | −4.97% |
Kotak Nifty Midcap 150 Index vs SBI Nifty Midcap 150 ETF: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Kotak Nifty Midcap 150 Index vs SBI Nifty Midcap 150 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) | SBI Nifty Midcap 150 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +5.59% | +11.68% |
| Standard deviation | 16.28% | 14.96% |
| Sharpe ratio | 0.01 | 0.43 |
| Sortino ratio | 0.02 | 0.62 |
| Maximum drawdown | −14.0% (30-03-2026) | −12.5% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.34% | −0.21% |
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)
SBI Nifty Midcap 150 ETF (Regular)
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) | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
| SBI Nifty Midcap 150 ETF (Regular) | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.6% |
| Nifty Midcap 150 TRI | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 02-04-2026, the first day every fund has.
Kotak Nifty Midcap 150 Index vs SBI Nifty Midcap 150 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Midcap 150 Index Fund, September 2026; SBI Nifty Midcap 150 ETF, September 2026
Holdings in common
- Overlap
- 99.9%
- Held by both
- 150
- Only in Kotak Nifty Midcap 150 Index
- 0
- Only in SBI Nifty Midcap 150 ETF
- 0
| Security | % of Kotak Nifty Midcap 150 Index | % of SBI Nifty Midcap 150 ETF |
|---|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 2.09% | 2.07% |
| FEDERAL BANK LTD. | 1.95% | 1.93% |
| Laurus Labs Ltd | 1.92% | 1.90% |
| One 97 Communications Ltd | 1.80% | 1.78% |
| Hero MotoCorp Ltd. | 1.69% | 1.67% |
| INDIAN HOTELS CO LTD | 1.59% | 1.58% |
| Coforge Limited | 1.52% | 1.50% |
| Bharat Heavy Electricals Ltd. | 1.51% | 1.49% |
| INDUSIND BANK LTD. | 1.48% | 1.46% |
| AU SMALL FINANCE BANK LTD. | 1.46% | 1.45% |
| Persistent Systems Limited | 1.43% | 1.41% |
| Dixon Technologies India Ltd | 1.36% | 1.35% |
| IDFC FIRST BANK LIMITED | 1.35% | 1.33% |
| BHARAT FORGE LTD. | 1.33% | 1.32% |
| GE VERNOVA T&D INDIA LIMITED | 1.29% | 1.28% |
| LENSKART SOLUTIONS LIMITED | 1.25% | 1.24% |
| Life Insurance Corporation Of India | 1.25% | 1.23% |
| Lupin Ltd. | 1.23% | 1.21% |
| Suzlon Energy Ltd. | 1.20% | 1.18% |
| Indus Towers Ltd. | 1.20% | 1.18% |
| Info Edge India Ltd. | 1.18% | 1.16% |
| Aurobindo Pharma Ltd. | 1.15% | 1.14% |
| Ashok Leyland Ltd. | 1.10% | 1.09% |
| FSN E-Commerce Ventures Ltd. | 1.09% | 1.08% |
| MARICO LTD. | 1.04% | 1.03% |
| Fortis Healthcare India Ltd | 1.00% | 0.99% |
| United Spirits Ltd | 1.00% | 0.98% |
| APL Apollo Tubes Ltd | 0.99% | 0.98% |
| ICICI Lombard General Insurance Company Ltd | 0.96% | 0.95% |
| EMBASSY OFFICE PARKS REIT | 0.95% | 0.94% |
| PB Fintech Ltd. | 0.94% | 0.93% |
| SWIGGY LTD | 0.93% | 0.92% |
| REC LTD | 0.93% | 0.92% |
| YES BANK LTD. | 0.92% | 0.91% |
| Max Financial Services Ltd | 0.91% | 0.90% |
| PHOENIX MILLS LTD. | 0.90% | 0.89% |
| SRF LTD. | 0.89% | 0.88% |
| Glenmark Pharmaceuticals Ltd | 0.87% | 0.87% |
| Radico Khaitan Ltd. | 0.85% | 0.84% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 0.84% | 0.83% |
| MACROTECH DEVELOPERS LTD | 0.84% | 0.83% |
| GMR AIRPORTS LIMITED | 0.82% | 0.81% |
| ADITYA BIRLA CAPITAL LTD | 0.81% | 0.80% |
| Apar Industries Ltd. | 0.80% | 0.79% |
| Alkem Laboratories Ltd. | 0.77% | 0.77% |
| National Aluminium Company Ltd. | 0.76% | 0.75% |
| JSW ENERGY LTD. | 0.75% | 0.75% |
| UPL Ltd | 0.75% | 0.74% |
| SUNDARAM FINANCE LTD. | 0.75% | 0.74% |
| Shree Cement Ltd. | 0.75% | 0.73% |
| Mphasis Ltd | 0.71% | 0.70% |
| INDIAN BANK | 0.71% | 0.70% |
| MANKIND PHARMA LTD | 0.71% | 0.70% |
| VISHAL MEGA MART LIMITED | 0.70% | 0.70% |
| NHPC Ltd. | 0.68% | 0.68% |
| KEI Industries Ltd. | 0.68% | 0.68% |
| 360 ONE WAM LIMITED | 0.67% | 0.67% |
| IPCA Laboratories Ltd. | 0.67% | 0.66% |
| PIRAMAL FINANCE LTD | 0.66% | 0.66% |
| NMDC Ltd. | 0.66% | 0.65% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 0.65% | 0.65% |
| Steel Authority of India Ltd. | 0.65% | 0.65% |
| LLOYDS METALS AND ENERGY LTD. | 0.64% | 0.64% |
| BIOCON LTD. | 0.64% | 0.64% |
| Havells India Ltd. | 0.64% | 0.63% |
| MRF Ltd. | 0.63% | 0.67% |
| Oracle Financial Services Software Ltd | 0.63% | 0.62% |
| Tube Investments Of India Ltd. | 0.63% | 0.62% |
| Prestige Estates Projects Limited | 0.62% | 0.62% |
| Voltas Ltd. | 0.61% | 0.60% |
| Oil India Limited | 0.61% | 0.60% |
| TORRENT POWER LTD | 0.59% | 0.58% |
| JINDAL STAINLESS LTD | 0.58% | 0.58% |
| Colgate- Palmolive (India) Ltd. | 0.58% | 0.57% |
| WAAREE ENERGIES LIMITED | 0.57% | 0.56% |
| L&T FINANCE LTD | 0.56% | 0.56% |
| Page Industries Ltd | 0.58% | 0.55% |
| Dabur India Ltd. | 0.56% | 0.55% |
| Supreme Industries Limited | 0.55% | 0.55% |
| GODREJ PROPERTIES LIMITED | 0.55% | 0.54% |
| Mahindra & Mahindra Financial Services Ltd. | 0.53% | 0.53% |
| KALYAN JEWELLERS INDIA LTD. | 0.53% | 0.52% |
| Petronet LNG Ltd. | 0.53% | 0.52% |
| Minda Industries Ltd. | 0.53% | 0.52% |
| JK Cement Ltd. | 0.53% | 0.52% |
| JSW INFRASTRUCTURE LIMITED | 0.53% | 0.52% |
| Coromandel International Limited | 0.52% | 0.52% |
| Oberoi Realty Limited | 0.52% | 0.51% |
| MEESHO LTD. | 0.52% | 0.51% |
| BLUE STAR LTD. | 0.49% | 0.49% |
| TATA COMMUNICATIONS LTD | 0.48% | 0.48% |
| Nippon Life Asset Management Ltd | 0.48% | 0.48% |
| Exide Industries Ltd. | 0.47% | 0.46% |
| P I Industries Ltd | 0.47% | 0.46% |
| Gujarat Fluorochemicals Ltd. | 0.46% | 0.46% |
| ASTER DM HEALTHCARE LTD | 0.46% | 0.46% |
| ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LTD. | 0.46% | 0.45% |
| ITC HOTELS LIMITED | 0.46% | 0.45% |
| HINDUSTAN COPPER LTD. | 0.45% | 0.45% |
| Jubilant Foodworks Limited | 0.45% | 0.44% |
| LG ELECTRONICS INDIA LTD. | 0.44% | 0.43% |
| ICICI Prudential Life Insurance Co. Ltd. | 0.44% | 0.43% |
| SBI CARDS & PAYMENT SERVICES PVT. LTD. | 0.43% | 0.42% |
| Balkrishna Industries Ltd | 0.42% | 0.42% |
| ASTRAL LTD. | 0.42% | 0.41% |
| Ajanta Pharma Ltd. | 0.41% | 0.41% |
| Adani Total Gas Ltd. | 0.41% | 0.41% |
| BANK OF MAHARASHTRA | 0.40% | 0.40% |
| LIC HOUSING FINANCE LTD. | 0.40% | 0.39% |
| BANK OF INDIA | 0.39% | 0.39% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | 0.39% | 0.39% |
| Schaeffler India Ltd | 0.39% | 0.39% |
| Container Corporation of India Ltd. | 0.38% | 0.38% |
| AIA Engineering Limited | 0.37% | 0.37% |
| AUTHUM INVESTMENT & INFRASTRUCTURE LTD. | 0.36% | 0.36% |
| Abbott India Ltd. | 0.35% | 0.35% |
| Indian Railway Catering And Tourism Corporation Lt | 0.34% | 0.34% |
| Dalmia Bharat Limited | 0.33% | 0.33% |
| Linde India Ltd. | 0.33% | 0.33% |
| Thermax Ltd. | 0.33% | 0.32% |
| General Insurance Corporation of India | 0.33% | 0.32% |
| HDB FINANCIAL SERVICES LTD. | 0.33% | 0.32% |
| Berger Paints India Ltd. | 0.32% | 0.32% |
| PREMIER ENERGIES LIMITED | 0.32% | 0.31% |
| COCHIN SHIPYARD LTD | 0.32% | 0.31% |
| Narayana Hrudalaya Ltd | 0.31% | 0.31% |
| Ruchi Soya Industries Ltd. | 0.31% | 0.31% |
| K.P.R. Mill Ltd. | 0.31% | 0.30% |
| Global Health Ltd. | 0.30% | 0.30% |
| Glaxosmithkline Pharma Ltd | 0.29% | 0.28% |
| Rail Vikas Nigam Limited | 0.28% | 0.28% |
| CRISIL Ltd. | 0.27% | 0.27% |
| BHARTI HEXACOM LTD. | 0.27% | 0.26% |
| BHARAT DYNAMICS LTD. | 0.25% | 0.25% |
| NLC India Ltd. (Neyveli Lignite Corporation Ltd.) | 0.24% | 0.23% |
| ANTHEM BIOSCIENCES LTD | 0.23% | 0.23% |
| Endurance Technologies Ltd | 0.23% | 0.23% |
| BAJAJ HOUSING FINANCE LTD. | 0.23% | 0.22% |
| L&T Technology Services Ltd | 0.22% | 0.22% |
| Escorts Ltd. | 0.22% | 0.22% |
| INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD. | 0.22% | 0.22% |
| NTPC GREEN ENERGY LIMITED | 0.22% | 0.21% |
| HOUSING & URBAN DEVELOPMENT CORPORATION LTD. | 0.21% | 0.21% |
| United Breweries Ltd. | 0.21% | 0.21% |
| TATA INVESTMENT CORPORATION LTD. | 0.20% | 0.20% |
| Godfrey Phillips India Ltd. | 0.19% | 0.19% |
| HEXAWARE TECHNOLOGIES LTD. | 0.18% | 0.18% |
| FERTILISERS AND CHEMICALS TRAVANCORE LTD. | 0.12% | 0.12% |
| GODREJ INDUSTRIES LTD | 0.11% | 0.11% |
| INDIAN OVERSEAS BANK | 0.11% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 99.9% means 99.9% 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 Nifty Midcap 150 Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty Midcap 150 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 | SBI Nifty Midcap 150 ETF |
|---|---|---|
| Equity | 100.1% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 1.0% |
Market cap of stocks
| Market cap | Kotak Nifty Midcap 150 Index | SBI Nifty Midcap 150 ETF |
|---|---|---|
| Large Cap | 5.8% | 5.7% |
| Mid Cap | 91.7% | 90.8% |
| Small Cap | 2.6% | 2.5% |
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 | SBI Nifty Midcap 150 ETF |
|---|---|---|
| Pharmaceuticals and Biotechnology | 9.2% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 9.2% |
| Banks | 8.8% | 8.7% |
| Finance | 6.9% | 6.8% |
| Electrical Equipment | 6.0% | 5.9% |
| Retailing | 5.7% | 5.6% |
| Capital Markets | 4.7% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Midcap 150 Index vs SBI Nifty Midcap 150 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Midcap 150 Index Fund | SBI Nifty Midcap 150 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.42% | Not available |
| Base expense ratio (Direct) | 0.13% | 0.00% |
| Total expense ratio (Regular) | 0.90% | 0.27% |
| Base expense ratio (Regular) | 0.53% | 0.17% |
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 SBI Nifty Midcap 150 ETF: Frequently Asked Questions
What is the difference between Kotak Nifty Midcap 150 Index Fund and SBI Nifty Midcap 150 ETF?
Kotak Nifty Midcap 150 Index Fund is an Index fund, SBI Nifty Midcap 150 ETF is a mutual fund, run by Kotak Mahindra Mutual Fund and SBI Mutual Fund. Their portfolios overlap 99.9%. Kotak Nifty Midcap 150 Index Fund charges 0.42% a year and SBI Nifty Midcap 150 ETF 0.27%.
Which has the lower expense ratio, Kotak Nifty Midcap 150 Index Fund or SBI Nifty Midcap 150 ETF?
SBI Nifty Midcap 150 ETF charges less: 0.27% a year against 0.42%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Midcap 150 Index Fund and SBI Nifty Midcap 150 ETF overlap?
99.9%. They hold 150 of the same securities, the largest shared ones being MCX, FEDERALBNK, LAURUSLABS. From each fund's latest monthly portfolio.
Can I invest in both Kotak Nifty Midcap 150 Index Fund and SBI Nifty Midcap 150 ETF?
Yes. 99.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.