Kotak Nifty Midcap 50 ETF vs LIC MF Mid Cap Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Kotak Nifty Midcap 50 ETF is an ETF fund and LIC MF Mid Cap Fund is a Mid Cap fund. In the 3 years to 30-10-2026, Kotak Nifty Midcap 50 ETF returned 14.9% a year and LIC MF Mid Cap Fund (Direct) returned 13.7% a year. Kotak Nifty Midcap 50 ETF charges 0.35% a year and LIC MF Mid Cap Fund 1.99%. Their portfolios overlap 35.6%: they hold 17 of the same securities.
Kotak Nifty Midcap 50 ETF
ETF
- 3 year return
- 14.9%
- Expense ratio
- 0.35%
- NAV
- ₹16.88
Which is better, Kotak Nifty Midcap 50 ETF or LIC MF 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 Nifty Midcap 50 ETF returned more over 3 years: 14.9% a year against 13.7%.
- Kotak Nifty Midcap 50 ETF returned more over 1 year: −2.7% against −3.9%.
- Kotak Nifty Midcap 50 ETF costs less: 0.35% a year against 1.99%.
- LIC MF Mid Cap swung less over 3 years: a standard deviation of 16.8% a year against 18.0%.
- Kotak Nifty Midcap 50 ETF fell less in its worst fall since 31-07-2023: −20.3% against −21.5%.
- LIC MF Mid Cap is the larger fund: ₹369 Cr against ₹202 Cr.
- Their portfolios overlap 35.6%: 17 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 50 ETF | LIC MF Mid Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | LIC Mutual Fund |
| Category | ETF | Mid Cap |
| AUM | ₹202 Cr (30-09-2026) | ₹369 Cr (30-09-2026) |
| NAV | ₹16.88 | ₹31.92 (Direct) |
| Expense ratio (Direct) | Not available | 1.99% |
| Expense ratio (Regular) | Not available | 3.08% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Midcap 50 TRI | Nifty Midcap 150 TRI |
| Launch date | 28-01-2022 | 25-01-2017 |
| Minimum investment | 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Sudhanshu Asthana |
| Exit load | Nil | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. |
Kotak Nifty Midcap 50 ETF vs LIC MF 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 Nifty Midcap 50 ETF | −2.98% | −8.38% | −1.98% | −2.74% | +14.90% | -- | -- |
| LIC MF Mid Cap Fund (Direct) | −4.94% | −6.90% | −1.22% | −3.88% | +13.70% | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Kotak Nifty Midcap 50 ETF vs LIC MF Mid Cap: Year-wise Returns
| Year | Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF | LIC MF Mid CapLIC MF Mid Cap |
|---|---|---|
| 2026to date | −3.97% | −2.73% |
| 2025 | +8.41% | −0.15% |
| 2024 | +22.01% | +30.30% |
| 2023 | +50.83% | -- |
Kotak Nifty Midcap 50 ETF vs LIC MF Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 50 TRI, the benchmark of Kotak Nifty Midcap 50 ETF
Rolling returns
Every 3-year holding period, 61 of them, one for each trading day from 31-07-2026 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 50 ETF
LIC MF Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
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 50 ETF | 0.0 | 0.0 | 0.0 | 31.1 | 67.2 | 1.6 | 0.0 | 16.7% | 16.3% | 13.2% | 20.2% | 0% |
| LIC MF Mid Cap | 0.0 | 0.0 | 0.0 | 27.9 | 72.1 | 0.0 | 0.0 | 16.5% | 16.5% | 12.8% | 19.3% | 36% |
| Nifty Midcap 50 TRI | 0.0 | 0.0 | 0.0 | 29.5 | 67.2 | 3.3 | 0.0 | 16.9% | 16.5% | 13.4% | 20.5% | -- |
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 50 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 31-07-2023. Past returns do not promise future returns.
Kotak Nifty Midcap 50 ETF vs LIC MF 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 03-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF | ₹4,00,000 | ₹4,47,109 | ₹47,109 | 6.6% |
| LIC MF Mid CapLIC MF Mid Cap Fund (Direct) | ₹4,00,000 | ₹4,36,288 | ₹36,288 | 5.2% |
Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF
LIC MF Mid CapLIC MF 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 Nifty Midcap 50 ETF vs LIC MF Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Nifty Midcap 50 ETF | LIC MF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.74% | −3.88% |
| Standard deviation | 16.98% | 16.80% |
| Sharpe ratio | -0.47 | -0.54 |
| Sortino ratio | -0.63 | -0.74 |
| Maximum drawdown | −14.4% (30-03-2026) | −15.4% (31-03-2026) |
| Beta | 1.00 | 0.98 |
| Alpha | −0.18% | +0.33% |
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 50 ETF | LIC MF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.90% | +13.70% |
| Standard deviation | 17.95% | 16.76% |
| Sharpe ratio | 0.49 | 0.46 |
| Sortino ratio | 0.67 | 0.62 |
| Maximum drawdown | −20.3% (28-02-2025) | −21.5% (07-04-2025) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.19% | +0.29% |
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 Nifty Midcap 50 ETF | LIC MF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.91% | +13.52% |
| Standard deviation | 17.61% | 16.38% |
| Sharpe ratio | 0.57 | 0.45 |
| Sortino ratio | 0.77 | 0.61 |
| Maximum drawdown | −20.3% (28-02-2025) | −21.5% (07-04-2025) |
| Beta | 1.00 | 0.94 |
| Alpha | −0.36% | +0.27% |
From daily NAVs, 04-02-2022 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 50 ETF
LIC MF Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Nifty Midcap 50 ETF | −20.3% | 24-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −10.7% |
| LIC MF Mid Cap Fund (Direct) | −21.5% | 24-09-2024 | 07-04-2025 | 03-08-2026 | 16 months | −11.1% |
| Nifty Midcap 50 TRI | −20.2% | 24-09-2024 | 28-02-2025 | 27-10-2025 | 8 months | −10.6% |
From daily values since 31-07-2023, 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 50 ETF
LIC MF Mid Cap Fund (Direct)
Nifty Midcap 50 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 Nifty Midcap 50 ETF
LIC MF Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
Against Nifty Midcap 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty Midcap 50 ETF | 99% | 100% | 0.08% |
| LIC MF Mid Cap Fund (Direct) | 94% | 94% | 6.26% |
From month-end values since 31-07-2023. 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 50 ETF vs LIC MF Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Midcap 50 ETF, September 2026; LIC MF Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 35.6%
- Held by both
- 17
- Only in Kotak Nifty Midcap 50 ETF
- 33
- Only in LIC MF Mid Cap
- 22
| Security | % of Kotak Nifty Midcap 50 ETF | % of LIC MF Mid Cap |
|---|---|---|
| One 97 Communications Ltd | 3.36% | 2.86% |
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 3.91% | 2.74% |
| AU SMALL FINANCE BANK LTD. | 2.73% | 3.98% |
| Persistent Systems Limited | 2.67% | 2.78% |
| INDUSIND BANK LTD. | 2.76% | 2.25% |
| Info Edge India Ltd. | 2.20% | 2.92% |
| Aurobindo Pharma Ltd. | 2.15% | 3.72% |
| FEDERAL BANK LTD. | 3.64% | 2.12% |
| FSN E-Commerce Ventures Ltd. | 2.04% | 2.99% |
| GE VERNOVA T&D INDIA LIMITED | 2.42% | 2.03% |
| Ashok Leyland Ltd. | 2.05% | 1.98% |
| Dixon Technologies India Ltd | 2.54% | 1.92% |
| Fortis Healthcare India Ltd | 1.86% | 2.03% |
| APL Apollo Tubes Ltd | 1.85% | 1.92% |
| PB Fintech Ltd. | 1.76% | 1.80% |
| National Aluminium Company Ltd. | 1.42% | 1.44% |
| GODREJ PROPERTIES LIMITED | 1.02% | 2.18% |
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 Nifty Midcap 50 ETF
| Security | % of fund |
|---|---|
| Laurus Labs Ltd | 3.58% |
| Hero MotoCorp Ltd. | 3.16% |
| INDIAN HOTELS CO LTD | 2.97% |
| Bharat Heavy Electricals Ltd. | 2.81% |
| IDFC FIRST BANK LIMITED | 2.51% |
Largest holdings only in LIC MF Mid Cap Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 3.89% |
| Neuland Laboratories Ltd. | 2.99% |
| UNO Minda Ltd. | 2.97% |
| Motilal Oswal Financial Services Ltd. | 2.95% |
| Aster DM Quality Care Ltd. | 2.84% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Midcap 50 ETF | LIC MF Mid Cap |
|---|---|---|
| Equity | 99.9% | 94.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 5.5% |
Market cap of stocks
| Market cap | Kotak Nifty Midcap 50 ETF | LIC MF Mid Cap |
|---|---|---|
| Large Cap | 5.0% | 2.7% |
| Mid Cap | 94.9% | 78.2% |
| Small Cap | 0.0% | 9.7% |
| Not on AMFI's list | 0.0% | 3.9% |
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 50 ETF | LIC MF Mid Cap |
|---|---|---|
| Banks | 13.3% | 8.3% |
| Pharmaceuticals and Biotechnology | 11.0% | 0.0% |
| Capital Markets | 3.9% | 9.5% |
| Electrical Equipment | 8.5% | 7.0% |
| Retailing | 7.3% | 8.5% |
| Pharmaceuticals & Biotechnology | 0.0% | 8.5% |
| IT - Software | 2.7% | 7.4% |
| Financial Technology (Fintech) | 5.1% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Midcap 50 ETF vs LIC MF Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Midcap 50 ETF | LIC MF Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.99% |
| Base expense ratio (Direct) | 0.00% | 1.15% |
| Total expense ratio (Regular) | Not available | 3.08% |
| Base expense ratio (Regular) | 0.21% | 2.10% |
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
Kotak Nifty Midcap 50 ETF vs LIC MF Mid Cap Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Midcap 50 ETF and LIC MF Mid Cap Fund?
Kotak Nifty Midcap 50 ETF is an ETF fund, LIC MF Mid Cap Fund is a Mid Cap fund, run by Kotak Mahindra Mutual Fund and LIC Mutual Fund. Their portfolios overlap 35.6%. Kotak Nifty Midcap 50 ETF charges 0.35% a year and LIC MF Mid Cap Fund 1.99%.
Which has given higher returns, Kotak Nifty Midcap 50 ETF or LIC MF Mid Cap Fund?
Over 1 year: Kotak Nifty Midcap 50 ETF −2.74%, LIC MF Mid Cap Fund −3.88%. Over 3 years: Kotak Nifty Midcap 50 ETF +14.90% a year, LIC MF Mid Cap Fund +13.70% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Nifty Midcap 50 ETF or LIC MF Mid Cap Fund?
Kotak Nifty Midcap 50 ETF charges less: 0.35% a year against 1.99%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Midcap 50 ETF and LIC MF Mid Cap Fund overlap?
35.6%. They hold 17 of the same securities, the largest shared ones being PAYTM, MCX, AUBANK. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Midcap 50 ETF or LIC MF Mid Cap Fund?
On SEBI's riskometer, Kotak Nifty Midcap 50 ETF is rated Very High and LIC MF Mid Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.95% and 16.76% a year.
Which is better for SIP, Kotak Nifty Midcap 50 ETF or LIC MF Mid Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,00,261 in Kotak Nifty Midcap 50 ETF (XIRR 5.0% a year) and ₹3,91,511 in LIC MF Mid Cap Fund (XIRR 3.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Kotak Nifty Midcap 50 ETF and LIC MF Mid Cap 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 Nifty Midcap 50 ETF and LIC MF Mid Cap Fund?
Kotak Nifty Midcap 50 ETF: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. LIC MF Mid Cap Fund: Sudhanshu Asthana.
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.