Kotak Nifty Midcap 50 ETF vs TRUSTMF 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 TRUSTMF Mid Cap Fund is a Mid Cap fund. Kotak Nifty Midcap 50 ETF charges 0.35% a year and TRUSTMF Mid Cap Fund 1.91%. Their portfolios overlap 37.9%: they hold 20 of the same securities.
Which is better, Kotak Nifty Midcap 50 ETF or TRUSTMF 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 costs less: 0.35% a year against 1.91%.
- TRUSTMF Mid Cap fell less in its worst fall since 24-03-2026: −12.0% against −13.1%.
- TRUSTMF Mid Cap is the larger fund: ₹687 Cr against ₹202 Cr.
- Their portfolios overlap 37.9%: 20 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 | TRUSTMF Mid Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Trust Mutual Fund |
| Category | ETF | Mid Cap |
| AUM | ₹202 Cr (30-09-2026) | ₹687 Cr (30-09-2026) |
| NAV | ₹16.88 | ₹11.46 (Direct) |
| Expense ratio (Direct) | Not available | 1.91% |
| Expense ratio (Regular) | Not available | 3.55% |
| 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 TRUSTMF 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% | -- | -- |
| TRUSTMF Mid Cap Fund (Direct) | −2.72% | −3.54% | +6.80% | -- | -- | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | -- | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Kotak Nifty Midcap 50 ETF vs TRUSTMF Mid Cap: Year-wise Returns
| Year | Kotak Nifty Midcap 50 ETFKotak Nifty Midcap 50 ETF | TRUSTMF Mid CapTRUSTMF Mid Cap |
|---|---|---|
| 2026to date | −3.97% | -- |
| 2025 | +8.41% | -- |
| 2024 | +22.01% | -- |
| 2023 | +50.83% | -- |
Kotak Nifty Midcap 50 ETF vs TRUSTMF Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 50 TRI, the benchmark of Kotak Nifty Midcap 50 ETF
Kotak Nifty Midcap 50 ETF vs TRUSTMF 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 | TRUSTMF Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.91% | +25.18% |
| Standard deviation | 17.61% | 14.73% |
| Sharpe ratio | 0.57 | 1.35 |
| Sortino ratio | 0.77 | 1.89 |
| Maximum drawdown | −20.3% (28-02-2025) | −12.0% (23-10-2026) |
| Beta | 1.00 | 0.85 |
| Alpha | −0.36% | +15.71% |
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
TRUSTMF 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 | −13.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.7% |
| TRUSTMF Mid Cap Fund (Direct) | −12.0% | 26-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| Nifty Midcap 50 TRI | −13.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.6% |
From daily values since 24-03-2026, the first day every fund has.
Kotak Nifty Midcap 50 ETF vs TRUSTMF Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Midcap 50 ETF, September 2026; TRUSTMF Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 37.9%
- Held by both
- 20
- Only in Kotak Nifty Midcap 50 ETF
- 30
- Only in TRUSTMF Mid Cap
- 44
| Security | % of Kotak Nifty Midcap 50 ETF | % of TRUSTMF Mid Cap |
|---|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 3.91% | 4.01% |
| Laurus Labs Ltd | 3.58% | 2.71% |
| Dixon Technologies India Ltd | 2.54% | 3.57% |
| FEDERAL BANK LTD. | 3.64% | 2.29% |
| AU SMALL FINANCE BANK LTD. | 2.73% | 2.21% |
| One 97 Communications Ltd | 3.36% | 2.19% |
| Aurobindo Pharma Ltd. | 2.15% | 2.99% |
| INDIAN HOTELS CO LTD | 2.97% | 2.14% |
| MARICO LTD. | 1.94% | 1.89% |
| PB Fintech Ltd. | 1.76% | 1.87% |
| SWIGGY LTD | 1.75% | 2.25% |
| APL Apollo Tubes Ltd | 1.85% | 1.71% |
| FSN E-Commerce Ventures Ltd. | 2.04% | 1.69% |
| PHOENIX MILLS LTD. | 1.68% | 2.48% |
| Info Edge India Ltd. | 2.20% | 1.58% |
| National Aluminium Company Ltd. | 1.42% | 1.42% |
| Bharat Heavy Electricals Ltd. | 2.81% | 1.33% |
| GE VERNOVA T&D INDIA LIMITED | 2.42% | 1.22% |
| Ashok Leyland Ltd. | 2.05% | 1.02% |
| JSW ENERGY LTD. | 1.41% | 0.70% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.9% means 37.9% 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 50 ETF
| Security | % of fund |
|---|---|
| Hero MotoCorp Ltd. | 3.16% |
| INDUSIND BANK LTD. | 2.76% |
| Persistent Systems Limited | 2.67% |
| IDFC FIRST BANK LIMITED | 2.51% |
| BHARAT FORGE LTD. | 2.49% |
Largest holdings only in TRUSTMF Mid Cap Fund
| Security | % of fund |
|---|---|
| Lenskart Solutions Limited | 3.20% |
| Radico Khaitan Limited | 2.90% |
| Kalyan Jewellers India Limited | 2.54% |
| ITC Hotels Limited | 2.18% |
| Hindustan Copper Limited | 1.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Midcap 50 ETF | TRUSTMF Mid Cap |
|---|---|---|
| Equity | 99.9% | 94.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 5.8% |
Market cap of stocks
| Market cap | Kotak Nifty Midcap 50 ETF | TRUSTMF Mid Cap |
|---|---|---|
| Large Cap | 5.0% | 5.2% |
| Mid Cap | 94.9% | 66.4% |
| Small Cap | 0.0% | 19.9% |
| Not on AMFI's list | 0.0% | 2.7% |
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 | TRUSTMF Mid Cap |
|---|---|---|
| Banks | 13.3% | 6.6% |
| Pharmaceuticals and Biotechnology | 11.0% | 0.0% |
| Retailing | 7.3% | 10.2% |
| Electrical Equipment | 8.5% | 5.7% |
| Pharmaceuticals & Biotechnology | 0.0% | 8.4% |
| Consumer Durables | 3.7% | 8.0% |
| Capital Markets | 3.9% | 6.4% |
| Aerospace & Defense | 0.0% | 5.9% |
| Financial Technology (Fintech) | 5.1% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Midcap 50 ETF vs TRUSTMF Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Midcap 50 ETF | TRUSTMF Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.91% |
| Base expense ratio (Direct) | 0.00% | 0.57% |
| Total expense ratio (Regular) | Not available | 3.55% |
| Base expense ratio (Regular) | 0.21% | 2.04% |
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 TRUSTMF Mid Cap Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Midcap 50 ETF and TRUSTMF Mid Cap Fund?
Kotak Nifty Midcap 50 ETF is an ETF fund, TRUSTMF Mid Cap Fund is a Mid Cap fund, run by Kotak Mahindra Mutual Fund and Trust Mutual Fund. Their portfolios overlap 37.9%. Kotak Nifty Midcap 50 ETF charges 0.35% a year and TRUSTMF Mid Cap Fund 1.91%.
Which has the lower expense ratio, Kotak Nifty Midcap 50 ETF or TRUSTMF Mid Cap Fund?
Kotak Nifty Midcap 50 ETF charges less: 0.35% a year against 1.91%. These are the total expense ratios reported to AMFI.
How much do Kotak Nifty Midcap 50 ETF and TRUSTMF Mid Cap Fund overlap?
37.9%. They hold 20 of the same securities, the largest shared ones being MCX, LAURUSLABS, DIXON. From each fund's latest monthly portfolio.
Can I invest in both Kotak Nifty Midcap 50 ETF and TRUSTMF Mid Cap Fund?
Yes. 37.9% of each fund's money sits in the same holdings, so some 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.