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    Kotak Nifty Midcap 50 Index Fund vs Motilal Oswal Nifty Midcap 100 ETF

    Direct Plan where a fund has one, Growth option · Data as on 30-10-2026

    Kotak Nifty Midcap 50 Index Fund is an Index fund and Motilal Oswal Nifty Midcap 100 ETF is an ETF fund. In the year to 30-10-2026, Kotak Nifty Midcap 50 Index Fund (Direct) returned −3.0% and Motilal Oswal Nifty Midcap 100 ETF returned −4.1%. Kotak Nifty Midcap 50 Index Fund charges 0.47% a year and Motilal Oswal Nifty Midcap 100 ETF 0.34%. Their portfolios overlap 65.9%: they hold 50 of the same securities.

    Kotak Nifty Midcap 50 Index Fund

    Index

    1 year return
    −3.0%
    Expense ratio
    0.47%
    NAV
    ₹10.16
    See Kotak Nifty Midcap 50 Index Fund

    Motilal Oswal Nifty Midcap 100 ETF

    ETF

    1 year return
    −4.1%
    Expense ratio
    0.34%
    NAV
    ₹61.90
    See Motilal Oswal Nifty Midcap 100 ETF

    Which is better, Kotak Nifty Midcap 50 Index or Motilal Oswal Nifty Midcap 100 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 Index returned more over 1 year: −3.0% against −4.1%.
    • Motilal Oswal Nifty Midcap 100 ETF costs less: 0.34% a year against 0.47%.
    • Kotak Nifty Midcap 50 Index fell less in its worst fall since 21-08-2024: −20.4% against −21.1%.
    • Motilal Oswal Nifty Midcap 100 ETF is the larger fund: ₹821 Cr against ₹83 Cr.
    • Their portfolios overlap 65.9%: 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

    FactKotak Nifty Midcap 50 Index FundMotilal Oswal Nifty Midcap 100 ETF
    Fund houseKotak Mahindra Mutual FundMotilal Oswal Mutual Fund
    CategoryIndexETF
    AUM₹83 Cr (30-09-2026)₹821 Cr (30-09-2026)
    NAV₹10.16 (Direct)₹61.90
    Expense ratio (Direct)0.47%Not available
    Expense ratio (Regular)1.08%Not available
    RiskometerVery HighVery High
    BenchmarkNIFTY Midcap 50 TRINIFTY Midcap 100 TRI
    Launch date16-08-202431-01-2011
    Minimum investment₹100₹500
    Lock inNoneNone
    Fund managersSatish Dondapati, Abhishek Bisen, Jeetu Valechha SonarSwapnil Mayekar
    Exit loadNilYes

    Kotak Nifty Midcap 50 Index vs Motilal Oswal Nifty Midcap 100 ETF: Returns Comparison

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Fund1M3M6M1Y3Y5Y10Y
    Kotak Nifty Midcap 50 Index Fund (Direct)−2.99%−8.39%−2.02%−2.96%------
    Motilal Oswal Nifty Midcap 100 ETF−3.38%−8.43%−3.85%−4.14%+14.53%+14.09%+14.13%

    Kotak Nifty Midcap 50 Index vs Motilal Oswal Nifty Midcap 100 ETF: Year-wise Returns

    YearKotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 IndexMotilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF
    2026to date−4.14%−4.83%
    2025+8.02%+6.22%
    2024--+24.51%
    2023--+47.37%
    2022--+4.11%
    2021--+46.83%

    Kotak Nifty Midcap 50 Index vs Motilal Oswal Nifty Midcap 100 ETF: Rolling Returns

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

    Rolling returns

    Every 1-year holding period, 292 of them, one for each trading day from 21-08-2025 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%25%
    Sept 2024
    to
    Sept 2025    Dec 2024
    to
    Dec 2025    Feb 2025
    to
    Feb 2026    May 2025
    to
    May 2026    Jul 2025
    to
    Jul 2026    Sept 2025
    to
    Sept 2026
    Kotak Nifty Midcap 50 Index Fund (Direct)Motilal Oswal Nifty Midcap 100 ETFNifty Midcap 50 TRI

    How the periods spread

    FundBelow 0%0-5%5-10%10-15%15-20%20-25%Above 25%MeanMedianLowestHighestBeat benchmark
    Kotak Nifty Midcap 50 Index13.014.032.227.79.93.10.08.4%8.6%−6.3%22.4%0%
    Motilal Oswal Nifty Midcap 100 ETF14.317.735.223.56.52.70.07.2%7.2%−6.3%22.0%2%
    Nifty Midcap 50 TRI12.012.730.526.715.13.10.08.9%9.2%−5.7%23.1%--

    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 21-08-2024. Past returns do not promise future returns.

    Kotak Nifty Midcap 50 Index vs Motilal Oswal Nifty Midcap 100 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

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 21-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index Fund (Direct) ₹2,70,000 ₹2,73,861 ₹3,861 1.2%
    Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETF ₹2,70,000 ₹2,69,974 −₹26 −0.0%
    ₹0₹1.0 L₹2.0 L₹3.0 L
    20252026
    Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index Fund (Direct)Motilal Oswal Nifty Midcap 100 ETFMotilal Oswal Nifty Midcap 100 ETFAmount 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 Index vs Motilal Oswal Nifty Midcap 100 ETF: Risk and Drawdowns

    How much each fund swings, and the worst fall over the same days

    Risk and return

    MeasureKotak Nifty Midcap 50 Index Fund (Direct)Motilal Oswal Nifty Midcap 100 ETF
    Return (CAGR)−2.96%−4.14%
    Standard deviation16.84%17.09%
    Sharpe ratio-0.49-0.55
    Sortino ratio-0.65-0.73
    Maximum drawdown−14.5% (30-03-2026)−14.2% (30-03-2026)
    Beta1.001.00
    Alpha−0.40%−0.08%

    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.

    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.

    −25%−20%−15%−10%−5%0%
    20252026
    Kotak Nifty Midcap 50 Index Fund (Direct)Motilal Oswal Nifty Midcap 100 ETFNifty Midcap 50 TRI
    FundWorst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Kotak Nifty Midcap 50 Index Fund (Direct)−20.4%24-09-202428-02-202529-10-20258 months−10.7%
    Motilal Oswal Nifty Midcap 100 ETF−21.1%24-09-202428-02-202512-11-20258 months−10.7%
    Nifty Midcap 50 TRI−20.2%24-09-202428-02-202527-10-20258 months−10.6%

    From daily values since 21-08-2024, 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%
    2026
    Kotak Nifty Midcap 50 Index Fund (Direct)Motilal Oswal Nifty Midcap 100 ETFNifty Midcap 50 TRI

    Against Nifty Midcap 50 TRI

    FundUp captureDown captureTracking error
    Kotak Nifty Midcap 50 Index Fund (Direct)99%101%0.12%
    Motilal Oswal Nifty Midcap 100 ETF96%101%2.41%

    From month-end values since 21-08-2024. 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 Index vs Motilal Oswal Nifty Midcap 100 ETF: Portfolio Overlap

    From each fund's latest monthly portfolio: Kotak Nifty Midcap 50 Index Fund, September 2026; Motilal Oswal Nifty Midcap 100 ETF, September 2026

    Holdings in common

    Overlap
    65.9%
    Held by both
    50
    Only in Kotak Nifty Midcap 50 Index
    0
    Only in Motilal Oswal Nifty Midcap 100 ETF
    50
    Security% of Kotak Nifty Midcap 50 Index% of Motilal Oswal Nifty Midcap 100 ETF
    MULTI COMMODITY EXCHANGE OF INDIA LIMITED3.92%2.58%
    FEDERAL BANK LTD.3.65%2.40%
    Laurus Labs Ltd3.59%2.36%
    One 97 Communications Ltd3.37%2.21%
    Hero MotoCorp Ltd.3.17%2.09%
    INDIAN HOTELS CO LTD2.98%1.96%
    Bharat Heavy Electricals Ltd.2.82%1.86%
    INDUSIND BANK LTD.2.77%1.82%
    AU SMALL FINANCE BANK LTD.2.74%1.80%
    Persistent Systems Limited2.68%1.76%

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 65.9% means 65.9% 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 Index Fund

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

    Largest holdings only in Motilal Oswal Nifty Midcap 100 ETF

    Security% of fund
    Coforge Limited1.87%
    Life Insurance Corporation Of India1.54%
    Lenskart Solutions Limited1.54%
    Radico Khaitan Limited1.05%
    Lodha Developers Limited1.03%

    Asset and sector split

    Share of each fund, from its latest monthly portfolio

    Asset allocation

    AssetKotak Nifty Midcap 50 IndexMotilal Oswal Nifty Midcap 100 ETF
    Equity100.2%100.0%
    Debt0.0%0.0%
    Cash and others-0.2%-0.0%

    Market cap of stocks

    Market capKotak Nifty Midcap 50 IndexMotilal Oswal Nifty Midcap 100 ETF
    Large Cap5.1%7.1%
    Mid Cap95.1%91.3%
    Small Cap0.0%1.6%

    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

    SectorKotak Nifty Midcap 50 IndexMotilal Oswal Nifty Midcap 100 ETF
    Banks13.4%10.7%
    Pharmaceuticals and Biotechnology11.0%0.0%
    Electrical Equipment8.5%7.0%
    Pharmaceuticals & Biotechnology0.0%8.0%
    Retailing7.3%7.0%
    IT - Software2.7%5.3%
    Capital Markets3.9%5.3%
    Financial Technology (Fintech)5.1%3.4%

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

    Kotak Nifty Midcap 50 Index vs Motilal Oswal Nifty Midcap 100 ETF: Expense Ratio

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

    ChargeKotak Nifty Midcap 50 Index FundMotilal Oswal Nifty Midcap 100 ETF
    Total expense ratio (Direct)0.47%Not available
    Base expense ratio (Direct)0.21%0.00%
    Total expense ratio (Regular)1.08%Not available
    Base expense ratio (Regular)0.73%0.20%

    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 Index Fund vs Motilal Oswal Nifty Midcap 100 ETF: Frequently Asked Questions

    What is the difference between Kotak Nifty Midcap 50 Index Fund and Motilal Oswal Nifty Midcap 100 ETF?

    Kotak Nifty Midcap 50 Index Fund is an Index fund, Motilal Oswal Nifty Midcap 100 ETF is an ETF fund, run by Kotak Mahindra Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 65.9%. Kotak Nifty Midcap 50 Index Fund charges 0.47% a year and Motilal Oswal Nifty Midcap 100 ETF 0.34%.

    Which has given higher returns, Kotak Nifty Midcap 50 Index Fund or Motilal Oswal Nifty Midcap 100 ETF?

    Over 1 year: Kotak Nifty Midcap 50 Index Fund −2.96%, Motilal Oswal Nifty Midcap 100 ETF −4.14%. As on 30-10-2026. Past returns do not promise future returns.

    Which has the lower expense ratio, Kotak Nifty Midcap 50 Index Fund or Motilal Oswal Nifty Midcap 100 ETF?

    Motilal Oswal Nifty Midcap 100 ETF charges less: 0.34% a year against 0.47%. These are the total expense ratios reported to AMFI.

    How much do Kotak Nifty Midcap 50 Index Fund and Motilal Oswal Nifty Midcap 100 ETF overlap?

    65.9%. 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 50 Index Fund or Motilal Oswal Nifty Midcap 100 ETF?

    On SEBI's riskometer, Kotak Nifty Midcap 50 Index Fund is rated Very High and Motilal Oswal Nifty Midcap 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 16.84% and 17.09% a year.

    Can I invest in both Kotak Nifty Midcap 50 Index Fund and Motilal Oswal Nifty Midcap 100 ETF?

    Yes. 65.9% 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 50 Index Fund and Motilal Oswal Nifty Midcap 100 ETF?

    Kotak Nifty Midcap 50 Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Motilal Oswal Nifty Midcap 100 ETF: Swapnil Mayekar.

    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.

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