Kotak Nifty Midcap 50 Index Fund vs Tata Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Nifty Midcap 50 Index Fund is an Index fund and Tata Mid Cap Fund is a Mid Cap fund. In the year to 30-10-2026, Kotak Nifty Midcap 50 Index Fund (Direct) returned −3.0% and Tata Mid Cap Fund (Direct) returned −2.7%. Kotak Nifty Midcap 50 Index Fund charges 0.47% a year and Tata Mid Cap Fund 0.85% (Direct plans). Their portfolios overlap 40.5%: they hold 22 of the same securities.
Kotak Nifty Midcap 50 Index Fund
Index
- 1 year return
- −3.0%
- Expense ratio
- 0.47%
- NAV
- ₹10.16
Which is better, Kotak Nifty Midcap 50 Index or Tata 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.
- Tata Mid Cap returned more over 1 year: −2.7% against −3.0%.
- Kotak Nifty Midcap 50 Index costs less: 0.47% a year against 0.85% (Direct plans).
- Kotak Nifty Midcap 50 Index fell less in its worst fall since 21-08-2024: −20.4% against −21.2%.
- Tata Mid Cap holds more in large companies: 16.4% of the fund in large caps against 5.1%.
- Tata Mid Cap is the larger fund: ₹5,860 Cr against ₹83 Cr.
- Their portfolios overlap 40.5%: 22 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 Index Fund | Tata Mid Cap Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Tata Mutual Fund |
| Category | Index | Mid Cap |
| AUM | ₹83 Cr (30-09-2026) | ₹5,860 Cr (30-09-2026) |
| NAV | ₹10.16 (Direct) | ₹492.52 (Direct) |
| Expense ratio (Direct) | 0.47% | 0.85% |
| Expense ratio (Regular) | 1.08% | 2.02% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Midcap 50 TRI | Nifty Midcap 150 TRI |
| Launch date | 16-08-2024 | 31-03-2004 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar | Satish Chandra Mishra |
| Exit load | Nil | Exit load of 0.50%, if redeemed within 30 days. |
Kotak Nifty Midcap 50 Index vs Tata 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 Index Fund (Direct) | −2.99% | −8.39% | −2.02% | −2.96% | -- | -- | -- |
| Tata Mid Cap Fund (Direct) | −2.91% | −7.20% | −2.55% | −2.67% | +13.47% | +13.17% | +15.45% |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | +12.95% | +14.07% |
Category average: the average of the 34 Mid Cap funds, same plan type.
Kotak Nifty Midcap 50 Index vs Tata Mid Cap: Year-wise Returns
| Year | Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index | Tata Mid CapTata Mid Cap |
|---|---|---|
| 2026to date | −4.14% | −4.51% |
| 2025 | +8.02% | +7.13% |
| 2024 | -- | +24.17% |
| 2023 | -- | +42.15% |
| 2022 | -- | +1.92% |
| 2021 | -- | +41.73% |
Kotak Nifty Midcap 50 Index vs Tata Mid Cap: 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.
Kotak Nifty Midcap 50 Index Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
to
Sept 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 Index | 13.0 | 14.0 | 32.2 | 27.7 | 9.9 | 3.1 | 0.0 | 8.4% | 8.6% | −6.3% | 22.4% | 0% |
| Tata Mid Cap | 15.8 | 17.1 | 36.6 | 20.9 | 6.5 | 3.1 | 0.0 | 7.2% | 7.3% | −6.7% | 22.7% | 15% |
| Nifty Midcap 50 TRI | 12.0 | 12.7 | 30.5 | 26.7 | 15.1 | 3.1 | 0.0 | 8.9% | 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 Tata 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 21-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index Fund (Direct) | ₹2,70,000 | ₹2,73,861 | ₹3,861 | 1.2% |
| Tata Mid CapTata Mid Cap Fund (Direct) | ₹2,70,000 | ₹2,71,866 | ₹1,866 | 0.6% |
Kotak Nifty Midcap 50 IndexKotak Nifty Midcap 50 Index Fund (Direct)
Tata Mid CapTata 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 Index vs Tata 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 Index Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.96% | −2.67% |
| Standard deviation | 16.84% | 15.25% |
| Sharpe ratio | -0.49 | -0.52 |
| Sortino ratio | -0.65 | -0.70 |
| Maximum drawdown | −14.5% (30-03-2026) | −13.0% (31-03-2026) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.40% | +0.75% |
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 Index Fund (Direct) | Tata Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.17% | +18.08% |
| Standard deviation | 17.29% | 16.01% |
| Sharpe ratio | -0.32 | 0.75 |
| Sortino ratio | -0.43 | 1.00 |
| Maximum drawdown | −20.4% (28-02-2025) | −35.1% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.56% | -- |
From daily NAVs, 21-08-2024 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 Index Fund (Direct)
Tata 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 Index Fund (Direct) | −20.4% | 24-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −10.7% |
| Tata Mid Cap Fund (Direct) | −21.2% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −9.6% |
| Nifty Midcap 50 TRI | −20.2% | 24-09-2024 | 28-02-2025 | 27-10-2025 | 8 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.
Kotak Nifty Midcap 50 Index Fund (Direct)
Tata Mid Cap Fund (Direct)
Nifty Midcap 50 TRI
Against Nifty Midcap 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Nifty Midcap 50 Index Fund (Direct) | 99% | 101% | 0.12% |
| Tata Mid Cap Fund (Direct) | 79% | 85% | 4.84% |
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 Tata Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Nifty Midcap 50 Index Fund, September 2026; Tata Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 40.5%
- Held by both
- 22
- Only in Kotak Nifty Midcap 50 Index
- 28
- Only in Tata Mid Cap
- 36
| Security | % of Kotak Nifty Midcap 50 Index | % of Tata Mid Cap |
|---|---|---|
| One 97 Communications Ltd | 3.37% | 3.15% |
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 3.92% | 2.96% |
| Bharat Heavy Electricals Ltd. | 2.82% | 3.20% |
| INDUSIND BANK LTD. | 2.77% | 2.92% |
| AU SMALL FINANCE BANK LTD. | 2.74% | 2.93% |
| FEDERAL BANK LTD. | 3.65% | 2.71% |
| Indus Towers Ltd. | 2.24% | 2.23% |
| MARICO LTD. | 1.94% | 2.55% |
| BHARAT FORGE LTD. | 2.49% | 1.81% |
| Persistent Systems Limited | 2.68% | 1.80% |
| Max Financial Services Ltd | 1.70% | 2.81% |
| Glenmark Pharmaceuticals Ltd | 1.64% | 2.39% |
| UPL Ltd | 1.41% | 1.38% |
| Dixon Technologies India Ltd | 2.54% | 1.35% |
| Hero MotoCorp Ltd. | 3.17% | 1.34% |
| PHOENIX MILLS LTD. | 1.68% | 1.32% |
| MANKIND PHARMA LTD | 1.32% | 3.42% |
| PB Fintech Ltd. | 1.76% | 1.27% |
| GE VERNOVA T&D INDIA LIMITED | 2.42% | 1.08% |
| HINDUSTAN PETROLEUM CORPORATION LTD. | 1.57% | 1.08% |
| Ashok Leyland Ltd. | 2.06% | 1.05% |
| IDFC FIRST BANK LIMITED | 2.52% | 1.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40.5% means 40.5% 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
| Security | % of fund |
|---|---|
| Laurus Labs Ltd | 3.59% |
| INDIAN HOTELS CO LTD | 2.98% |
| Lupin Ltd. | 2.30% |
| Suzlon Energy Ltd. | 2.24% |
| Info Edge India Ltd. | 2.20% |
Largest holdings only in Tata Mid Cap Fund
| Security | % of fund |
|---|---|
| L&T FINANCE LTD | 2.94% |
| MAX HEALTHCARE INSTITUTE LTD | 2.75% |
| BHARTI HEXACOM LTD | 2.67% |
| ABBOTT INDIA LTD | 2.31% |
| J K CEMENT LTD | 2.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Nifty Midcap 50 Index | Tata Mid Cap |
|---|---|---|
| Equity | 100.2% | 97.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | 2.6% |
Market cap of stocks
| Market cap | Kotak Nifty Midcap 50 Index | Tata Mid Cap |
|---|---|---|
| Large Cap | 5.1% | 16.4% |
| Mid Cap | 95.1% | 74.5% |
| Small Cap | 0.0% | 6.5% |
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 Index | Tata Mid Cap |
|---|---|---|
| Banks | 13.4% | 11.2% |
| Pharmaceuticals and Biotechnology | 11.0% | 0.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 9.9% |
| Electrical Equipment | 8.5% | 6.4% |
| Auto Components | 3.7% | 8.4% |
| Retailing | 7.3% | 0.0% |
| Capital Markets | 3.9% | 6.0% |
| Chemicals & Petrochemicals | 0.0% | 5.3% |
| Financial Technology (Fintech) | 5.1% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Nifty Midcap 50 Index vs Tata Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Nifty Midcap 50 Index Fund | Tata Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.47% | 0.85% |
| Base expense ratio (Direct) | 0.21% | 0.56% |
| Total expense ratio (Regular) | 1.08% | 2.02% |
| Base expense ratio (Regular) | 0.73% | 1.57% |
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 Index Fund vs Tata Mid Cap Fund: Frequently Asked Questions
What is the difference between Kotak Nifty Midcap 50 Index Fund and Tata Mid Cap Fund?
Kotak Nifty Midcap 50 Index Fund is an Index fund, Tata Mid Cap Fund is a Mid Cap fund, run by Kotak Mahindra Mutual Fund and Tata Mutual Fund. Their portfolios overlap 40.5%. Kotak Nifty Midcap 50 Index Fund charges 0.47% a year and Tata Mid Cap Fund 0.85%.
Which has given higher returns, Kotak Nifty Midcap 50 Index Fund or Tata Mid Cap Fund?
Over 1 year: Kotak Nifty Midcap 50 Index Fund −2.96%, Tata Mid Cap Fund −2.67%. 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 Tata Mid Cap Fund?
Kotak Nifty Midcap 50 Index Fund charges less: 0.47% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Nifty Midcap 50 Index Fund and Tata Mid Cap Fund overlap?
40.5%. They hold 22 of the same securities, the largest shared ones being PAYTM, MCX, BHEL. From each fund's latest monthly portfolio.
Which is riskier, Kotak Nifty Midcap 50 Index Fund or Tata Mid Cap Fund?
On SEBI's riskometer, Kotak Nifty Midcap 50 Index Fund is rated Very High and Tata Mid Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.84% and 15.25% a year.
Can I invest in both Kotak Nifty Midcap 50 Index Fund and Tata Mid Cap Fund?
Yes. 40.5% 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 Tata Mid Cap Fund?
Kotak Nifty Midcap 50 Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar. Tata Mid Cap Fund: Satish Chandra Mishra.
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.