Kotak Nifty Midcap 50 ETF vs Tata NIFTY Midcap 150 Index 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 Tata NIFTY Midcap 150 Index Fund is a mutual fund. In the year to 30-10-2026, Kotak Nifty Midcap 50 ETF returned −2.7% and Tata NIFTY Midcap 150 Index Fund (Direct) returned −4.7%. Kotak Nifty Midcap 50 ETF charges 0.35% a year and Tata NIFTY Midcap 150 Index Fund 0.29%. Their portfolios overlap 53.2%: they hold 50 of the same securities.

Kotak Nifty Midcap 50 ETF

ETF

1 year return: −2.7%
Expense ratio: 0.35%
NAV: ₹16.88

See Kotak Nifty Midcap 50 ETF

Tata NIFTY Midcap 150 Index Fund

1 year return: −4.7%
Expense ratio: 0.29%
NAV: ₹10.02

See Tata NIFTY Midcap 150 Index Fund

Which is better, Kotak Nifty Midcap 50 ETF or Tata NIFTY Midcap 150 Index? 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 −4.7%.
Tata NIFTY Midcap 150 Index costs less: 0.29% a year against 0.35%.
Tata NIFTY Midcap 150 Index fell less in its worst fall since 25-06-2025: −14.1% against −14.4%.
Tata NIFTY Midcap 150 Index is the larger fund: ₹318 Cr against ₹202 Cr.
Their portfolios overlap 53.2%: 50 of the same holdings.

Past returns do not promise future returns. This page is information, not investment advice.

NAV comparison

How each fund's NAV moved over the same days, as % change since the first day of the range

Kotak Nifty Midcap 50 ETF
−1.4%
Tata NIFTY Midcap 150 Index Fund (Direct)
−2.5%

Change in NAV from 25-06-2025 to 30-10-2026

−10%−5%0%+5%+10%+15%

Key facts

From each fund's scheme summary document and AMFI

Fact	Kotak Nifty Midcap 50 ETF	Tata NIFTY Midcap 150 Index Fund
Fund house	Kotak Mahindra Mutual Fund	Tata Mutual Fund
Category	ETF	Not available
AUM	₹202 Cr (30-09-2026)	₹318 Cr (30-09-2026)
NAV	₹16.88	₹10.02 (Direct)
Expense ratio (Direct)	Not available	0.29%
Expense ratio (Regular)	Not available	1.10%
Riskometer	Very High	Not available
Benchmark	NIFTY Midcap 50 TRI	Not available
Launch date	28-01-2022	Not available
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	Not available
Lock in	None	Not available
Fund managers	Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar	Not available
Exit load	Nil	Not available

Kotak Nifty Midcap 50 ETF vs Tata NIFTY Midcap 150 Index: 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%	--	--
Tata NIFTY Midcap 150 Index Fund (Direct)	−3.69%	−8.55%	−4.10%	−4.74%	--	--	--

Kotak Nifty Midcap 50 ETF vs Tata NIFTY Midcap 150 Index: Year-wise Returns

Year	Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF	Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index
2026to date	−3.97%	−5.27%
2025	+8.41%	--
2024	+22.01%	--
2023	+50.83%	--

Kotak Nifty Midcap 50 ETF vs Tata NIFTY Midcap 150 Index: Rolling Returns

Every holding period of both funds, against Nifty Midcap 50 TRI, the benchmark of Kotak Nifty Midcap 50 ETF

Rolling returns

Every 1-year holding period, 86 of them, one for each trading day from 25-06-2026 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.

−10%−5%0%5%10%15%20%

Jul 2025
to
Jul 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026

Kotak Nifty Midcap 50 ETFTata NIFTY Midcap 150 Index Fund (Direct)Nifty Midcap 50 TRI

How the periods spread

Fund	Below 0%	0-5%	5-10%	10-15%	15-20%	Mean	Median	Lowest	Highest	Beat benchmark
Kotak Nifty Midcap 50 ETF	7.0	15.1	38.4	26.7	12.8	8.5%	8.3%	−4.0%	18.1%	0%
Tata NIFTY Midcap 150 Index	12.8	33.7	34.9	18.6	0.0	5.6%	5.4%	−5.9%	13.7%	0%
Nifty Midcap 50 TRI	7.0	11.6	39.5	29.1	12.8	8.7%	8.5%	−3.8%	18.4%	--

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 25-06-2025. Past returns do not promise future returns.

Kotak Nifty Midcap 50 ETF vs Tata NIFTY Midcap 150 Index: 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 02-06-2025 to 30-10-2026: 17 instalments, ₹1,70,000 in all.

Investment	Invested	Value now	Gain	Return a year
Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF	₹1,70,000	₹1,67,447	−₹2,553	−2.0%
Tata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index Fund (Direct)	₹1,70,000	₹1,64,056	−₹5,944	−4.7%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L

2026

Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETFTata NIFTY Midcap 150 IndexTata NIFTY Midcap 150 Index 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 Tata NIFTY Midcap 150 Index: 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	Tata NIFTY Midcap 150 Index Fund (Direct)
Return (CAGR)	−2.74%	−4.74%
Standard deviation	16.98%	16.58%
Sharpe ratio	-0.47	-0.60
Sortino ratio	-0.63	-0.81
Maximum drawdown	−14.4% (30-03-2026)	−14.1% (31-03-2026)
Beta	1.00	1.00
Alpha	−0.18%	−0.36%

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	Tata NIFTY Midcap 150 Index Fund (Direct)
Return (CAGR)	+15.91%	−1.83%
Standard deviation	17.61%	15.30%
Sharpe ratio	0.57	-0.47
Sortino ratio	0.77	-0.62
Maximum drawdown	−20.3% (28-02-2025)	−14.1% (31-03-2026)
Beta	1.00	1.00
Alpha	−0.36%	−0.44%

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.

−15%−10%−5%0%

2026

Kotak Nifty Midcap 50 ETFTata NIFTY Midcap 150 Index 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	−14.4%	07-01-2026	30-03-2026	07-05-2026	38 days	−10.7%
Tata NIFTY Midcap 150 Index Fund (Direct)	−14.1%	07-01-2026	31-03-2026	07-05-2026	37 days	−10.6%
Nifty Midcap 50 TRI	−14.4%	07-01-2026	30-03-2026	07-05-2026	38 days	−10.6%

From daily values since 25-06-2025, 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.

0%5%10%15%20%

Kotak Nifty Midcap 50 ETFTata NIFTY Midcap 150 Index 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%	0.07%
Tata NIFTY Midcap 150 Index Fund (Direct)	89%	98%	2.96%

From month-end values since 25-06-2025. 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 50 ETF vs Tata NIFTY Midcap 150 Index: Portfolio Overlap

From each fund's latest monthly portfolio: Kotak Nifty Midcap 50 ETF, September 2026; Tata NIFTY Midcap 150 Index Fund, September 2026

Holdings in common

Overlap: 53.2%
Held by both: 50
Only in Kotak Nifty Midcap 50 ETF: 0
Only in Tata NIFTY Midcap 150 Index: 99

Security	% of Kotak Nifty Midcap 50 ETF	% of Tata NIFTY Midcap 150 Index
MULTI COMMODITY EXCHANGE OF INDIA LIMITED	3.91%	2.08%
FEDERAL BANK LTD.	3.64%	1.94%
Laurus Labs Ltd	3.58%	1.91%
One 97 Communications Ltd	3.36%	1.78%
Hero MotoCorp Ltd.	3.16%	1.68%
INDIAN HOTELS CO LTD	2.97%	1.58%
Bharat Heavy Electricals Ltd.	2.81%	1.50%
INDUSIND BANK LTD.	2.76%	1.47%
AU SMALL FINANCE BANK LTD.	2.73%	1.45%
Persistent Systems Limited	2.67%	1.42%
Dixon Technologies India Ltd	2.54%	1.35%
IDFC FIRST BANK LIMITED	2.51%	1.34%
BHARAT FORGE LTD.	2.49%	1.32%
GE VERNOVA T&D INDIA LIMITED	2.42%	1.29%
Lupin Ltd.	2.29%	1.22%
Indus Towers Ltd.	2.23%	1.19%
Suzlon Energy Ltd.	2.23%	1.19%
Info Edge India Ltd.	2.20%	1.17%
Aurobindo Pharma Ltd.	2.15%	1.14%
Ashok Leyland Ltd.	2.05%	1.09%
FSN E-Commerce Ventures Ltd.	2.04%	1.08%
MARICO LTD.	1.94%	1.03%
United Spirits Ltd	1.86%	0.99%
Fortis Healthcare India Ltd	1.86%	0.99%
APL Apollo Tubes Ltd	1.85%	0.98%
ICICI Lombard General Insurance Company Ltd	1.80%	0.96%
PB Fintech Ltd.	1.76%	0.93%
SWIGGY LTD	1.75%	0.93%
REC LTD	1.74%	0.92%
YES BANK LTD.	1.71%	0.91%
Max Financial Services Ltd	1.69%	0.90%
PHOENIX MILLS LTD.	1.68%	0.89%
SRF LTD.	1.67%	0.89%
Glenmark Pharmaceuticals Ltd	1.63%	0.87%
HINDUSTAN PETROLEUM CORPORATION LTD.	1.56%	0.83%
GMR AIRPORTS LIMITED	1.53%	0.82%
National Aluminium Company Ltd.	1.42%	0.76%
JSW ENERGY LTD.	1.41%	0.75%
UPL Ltd	1.41%	0.75%
MANKIND PHARMA LTD	1.32%	0.70%
VISHAL MEGA MART LIMITED	1.32%	0.70%
NHPC Ltd.	1.28%	0.68%
NMDC Ltd.	1.23%	0.65%
Havells India Ltd.	1.19%	0.63%
Tube Investments Of India Ltd.	1.18%	0.63%
Prestige Estates Projects Limited	1.16%	0.62%
Oil India Limited	1.14%	0.60%
WAAREE ENERGIES LIMITED	1.06%	0.56%
Dabur India Ltd.	1.04%	0.55%
GODREJ PROPERTIES LIMITED	1.02%	0.54%

Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.2% means 53.2% 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

Every holding of this fund is also held by the other.

Largest holdings only in Tata NIFTY Midcap 150 Index Fund

Security	% of fund
COFORGE LTD	1.50%
LIFE INSURANCE CORPORATION OF INDIA	1.24%
LENSKART SOLUTIONS LTD	1.24%
EMBASSY OFFICE PARKS REIT	0.94%
RADICO KHAITAN LTD	0.85%

Asset and sector split

Share of each fund, from its latest monthly portfolio

Asset allocation

Asset	Kotak Nifty Midcap 50 ETF	Tata NIFTY Midcap 150 Index
Equity	99.9%	98.7%
Debt	0.0%	0.0%
Cash and others	0.1%	1.3%

Market cap of stocks

Market cap	Kotak Nifty Midcap 50 ETF	Tata NIFTY Midcap 150 Index
Large Cap	5.0%	5.7%
Mid Cap	94.9%	90.4%
Small Cap	0.0%	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 50 ETF	Tata NIFTY Midcap 150 Index
Banks	13.3%	8.7%
Pharmaceuticals and Biotechnology	11.0%	0.0%
Pharmaceuticals & Biotechnology	0.0%	9.2%
Electrical Equipment	8.5%	6.0%
Retailing	7.3%	5.6%
Finance	1.7%	6.2%
Financial Technology (Fintech)	5.1%	2.7%
Capital Markets	3.9%	4.7%

The six largest sectors of each fund's stocks, % of the fund.

Kotak Nifty Midcap 50 ETF vs Tata NIFTY Midcap 150 Index: Expense Ratio

What each plan charges a year, from AMFI's expense ratio file

Charge	Kotak Nifty Midcap 50 ETF	Tata NIFTY Midcap 150 Index Fund
Total expense ratio (Direct)	Not available	0.29%
Base expense ratio (Direct)	0.00%	0.11%
Total expense ratio (Regular)	Not available	1.10%
Base expense ratio (Regular)	0.21%	0.90%

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 50 ETF vs Tata NIFTY Midcap 150 Index Fund: Frequently Asked Questions

What is the difference between Kotak Nifty Midcap 50 ETF and Tata NIFTY Midcap 150 Index Fund?

Kotak Nifty Midcap 50 ETF is an ETF fund, Tata NIFTY Midcap 150 Index Fund is a mutual fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 53.2%. Kotak Nifty Midcap 50 ETF charges 0.35% a year and Tata NIFTY Midcap 150 Index Fund 0.29%.

Which has given higher returns, Kotak Nifty Midcap 50 ETF or Tata NIFTY Midcap 150 Index Fund?

Over 1 year: Kotak Nifty Midcap 50 ETF −2.74%, Tata NIFTY Midcap 150 Index Fund −4.74%. As on 30-10-2026. Past returns do not promise future returns.

Which has the lower expense ratio, Kotak Nifty Midcap 50 ETF or Tata NIFTY Midcap 150 Index Fund?

Tata NIFTY Midcap 150 Index Fund charges less: 0.29% a year against 0.35%. These are the total expense ratios reported to AMFI.

How much do Kotak Nifty Midcap 50 ETF and Tata NIFTY Midcap 150 Index Fund overlap?

53.2%. They hold 50 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 50 ETF and Tata NIFTY Midcap 150 Index Fund?

Yes. 53.2% 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.