Kotak Quant Fund vs UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Quant Fund is a Thematic fund and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund is an Index fund. In the year to 30-10-2026, Kotak Quant Fund (Direct) returned −7.5% and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct) returned 0.0%. Kotak Quant Fund charges 1.78% a year and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund 0.78% (Direct plans). Their portfolios overlap 29.5%: they hold 31 of the same securities.
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
Index
- 1 year return
- 0.0%
- Expense ratio
- 0.78%
- NAV
- ₹11.20
Which is better, Kotak Quant or UTI Nifty Midsmallcap 400 Momentum Quality 100 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Nifty Midsmallcap 400 Momentum Quality 100 Index returned more over 1 year: 0.0% against −7.5%.
- UTI Nifty Midsmallcap 400 Momentum Quality 100 Index costs less: 0.78% a year against 1.78% (Direct plans).
- Kotak Quant fell less in its worst fall since 18-02-2025: −15.0% against −17.4%.
- Kotak Quant holds more in large companies: 34.2% of the fund in large caps against 11.3%.
- Kotak Quant is the larger fund: ₹451 Cr against ₹130 Cr.
- Their portfolios overlap 29.5%: 31 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 Quant Fund | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹451 Cr (30-09-2026) | ₹130 Cr (30-09-2026) |
| NAV | ₹14.19 (Direct) | ₹11.20 (Direct) |
| Expense ratio (Direct) | 1.78% | 0.78% |
| Expense ratio (Regular) | 2.46% | 1.27% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 200 TRI | Nifty MidSmallcap400 Momentum Quality 100 TRI |
| Launch date | 02-08-2023 | 13-02-2025 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Harsha Upadhyaya, Abhishek Bisen, Rohit Tandon | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit load of 0.5%, if redeemed within 90 days | Nil |
Kotak Quant vs UTI Nifty Midsmallcap 400 Momentum Quality 100 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 Quant Fund (Direct) | −3.93% | −6.88% | −4.68% | −7.47% | +11.93% | -- | -- |
| UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct) | −1.53% | −3.37% | −0.88% | +0.01% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Quant vs UTI Nifty Midsmallcap 400 Momentum Quality 100 Index: Year-wise Returns
| Year | Kotak QuantKotak Quant | UTI Nifty Midsmallcap 400 Momentum Quality 100 IndexUTI Nifty Midsmallcap 400 Momentum Quality 100 Index |
|---|---|---|
| 2026to date | −8.13% | +2.89% |
| 2025 | +4.44% | -- |
| 2024 | +19.00% | -- |
Kotak Quant vs UTI Nifty Midsmallcap 400 Momentum Quality 100 Index: Rolling Returns
Every holding period of both funds, against Nifty 200 TRI, the benchmark of Kotak Quant Fund
Rolling returns
Every 1-year holding period, 171 of them, one for each trading day from 18-02-2026 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 Quant Fund (Direct)
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct)
Nifty 200 TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
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 Quant | 20.5 | 46.8 | 23.4 | 2.9 | 6.4 | 0.0 | 0.0 | 3.7% | 3.3% | −12.1% | 19.8% | 86% |
| UTI Nifty Midsmallcap 400 Momentum Quality 100 Index | 15.8 | 36.3 | 32.2 | 15.2 | 0.6 | 0.0 | 0.0 | 4.9% | 4.5% | −4.6% | 15.3% | 84% |
| Nifty 200 TRI | 40.4 | 38.6 | 12.9 | 4.1 | 4.1 | 0.0 | 0.0 | 1.8% | 0.9% | −9.6% | 16.3% | -- |
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 200 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 18-02-2025. Past returns do not promise future returns.
Kotak Quant vs UTI Nifty Midsmallcap 400 Momentum Quality 100 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
₹10,000 on the first trading day of every month, from 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak QuantKotak Quant Fund (Direct) | ₹2,10,000 | ₹2,02,338 | −₹7,662 | −4.0% |
| UTI Nifty Midsmallcap 400 Momentum Quality 100 IndexUTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct) | ₹2,10,000 | ₹2,16,535 | ₹6,535 | 3.4% |
Kotak QuantKotak Quant Fund (Direct)
UTI Nifty Midsmallcap 400 Momentum Quality 100 IndexUTI Nifty Midsmallcap 400 Momentum Quality 100 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 Quant vs UTI Nifty Midsmallcap 400 Momentum Quality 100 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Quant Fund (Direct) | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.47% | +0.01% |
| Standard deviation | 15.82% | 17.61% |
| Sharpe ratio | -0.80 | -0.30 |
| Sortino ratio | -1.05 | -0.41 |
| Maximum drawdown | −15.0% (23-10-2026) | −14.6% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | +0.42% | −0.47% |
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 Quant Fund (Direct) | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.38% | +8.71% |
| Standard deviation | 15.83% | 17.80% |
| Sharpe ratio | 0.33 | 0.18 |
| Sortino ratio | 0.44 | 0.26 |
| Maximum drawdown | −22.3% (28-02-2025) | −17.4% (23-03-2026) |
| Beta | 1.04 | 1.00 |
| Alpha | +2.46% | −0.54% |
From daily NAVs, 08-08-2023 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.
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 Quant Fund (Direct)
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct)
Nifty 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Quant Fund (Direct) | −15.0% | 26-02-2026 | 23-10-2026 | Not yet | -- | −10.8% |
| UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct) | −17.4% | 10-06-2025 | 23-03-2026 | 27-05-2026 | 2 months | −7.1% |
| Nifty 200 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
From daily values since 18-02-2025, 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.
Kotak Quant Fund (Direct)
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct)
Nifty 200 TRI
Against Nifty 200 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Quant Fund (Direct) | 83% | 79% | 6.01% |
| UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund (Direct) | 113% | 86% | 8.45% |
From month-end values since 18-02-2025. 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 Quant vs UTI Nifty Midsmallcap 400 Momentum Quality 100 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Quant Fund, September 2026; UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund, September 2026
Holdings in common
- Overlap
- 29.5%
- Held by both
- 31
- Only in Kotak Quant
- 59
- Only in UTI Nifty Midsmallcap 400 Momentum Quality 100 Index
- 69
| Security | % of Kotak Quant | % of UTI Nifty Midsmallcap 400 Momentum Quality 100 Index |
|---|---|---|
| Laurus Labs Ltd | 2.91% | 4.78% |
| Sona BLW Precision Forgings Ltd | 1.97% | 1.76% |
| Radico Khaitan Ltd. | 2.84% | 1.56% |
| BSE LTD | 1.46% | 4.16% |
| Ami Organics Ltd | 1.43% | 1.53% |
| Oracle Financial Services Software Ltd | 1.83% | 1.36% |
| Coforge Limited | 1.35% | 1.26% |
| Apar Industries Ltd. | 1.23% | 1.89% |
| Gland Pharma Limited | 1.66% | 1.18% |
| MARICO LTD. | 1.14% | 2.20% |
| GE VERNOVA T&D INDIA LIMITED | 1.12% | 2.56% |
| Lupin Ltd. | 1.01% | 2.21% |
| Welspun Corp Limited | 0.99% | 2.35% |
| FEDERAL BANK LTD. | 0.92% | 4.11% |
| HIMADRI SPECIALITY CHEMICAL LTD. | 1.45% | 0.80% |
| Thermax Ltd. | 1.73% | 0.78% |
| AU SMALL FINANCE BANK LTD. | 0.78% | 2.03% |
| NEULAND LABORATORIES LTD. | 0.76% | 0.82% |
| NMDC Ltd. | 0.75% | 1.05% |
| BHARAT FORGE LTD. | 0.75% | 2.80% |
| Data Patterns (India) Ltd. | 1.30% | 0.71% |
| polycab India Limited | 0.71% | 2.47% |
| Granules India Ltd. | 1.08% | 0.67% |
| KEI Industries Ltd. | 0.67% | 1.32% |
| BANK OF MAHARASHTRA | 0.62% | 0.97% |
| L&T FINANCE LTD | 0.60% | 0.75% |
| APL Apollo Tubes Ltd | 0.57% | 1.19% |
| Schneider Electric Infrastructure Ltd | 0.59% | 0.48% |
| National Aluminium Company Ltd. | 0.33% | 1.37% |
| Aditya Birla Sun Life AMC Ltd | 0.12% | 0.41% |
| HINDUSTAN COPPER LTD. | 0.09% | 0.66% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.5% means 29.5% 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 Quant Fund
| Security | % of fund |
|---|---|
| Nestle India Ltd. | 3.46% |
| Bajaj Auto Ltd. | 3.01% |
| Apollo Hospitals Enterprise Ltd. | 2.79% |
| NAVIN FLUORINE INTERNATIONAL LTD. | 2.28% |
| TVS Motor Company Ltd. | 2.26% |
Largest holdings only in UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
| Security | % of fund |
|---|---|
| EQ - MULTI COMMODITY EXCHANGE OF IN | 3.79% |
| EQ - HITACHI ENERGY INDIA LTD | 2.45% |
| EQ - AUROBINDO PHARMA LTD. | 2.35% |
| EQ - HERO MOTOCORP LTD. | 2.28% |
| EQ - DIXON TECHNOLOGIES (INDIA) LTD | 2.15% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Quant | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index |
|---|---|---|
| Equity | 98.5% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | -0.1% |
Market cap of stocks
| Market cap | Kotak Quant | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index |
|---|---|---|
| Large Cap | 34.2% | 11.3% |
| Mid Cap | 32.6% | 63.0% |
| Small Cap | 31.2% | 25.9% |
| Not on AMFI's list | 0.5% | 0.0% |
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 Quant | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 16.0% |
| Pharmaceuticals and Biotechnology | 15.8% | 0.0% |
| Capital Markets | 1.6% | 15.0% |
| Electrical Equipment | 8.7% | 10.5% |
| Banks | 2.8% | 10.4% |
| Industrial Products | 7.0% | 9.8% |
| Auto Components | 6.7% | 6.1% |
| Automobiles | 6.2% | 2.6% |
| Chemicals and Petrochemicals | 5.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Quant vs UTI Nifty Midsmallcap 400 Momentum Quality 100 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Quant Fund | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.78% | 0.78% |
| Base expense ratio (Direct) | 1.00% | 0.46% |
| Total expense ratio (Regular) | 2.46% | 1.27% |
| Base expense ratio (Regular) | 1.60% | 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.
More comparisons
Each fund against the others of its category
Kotak Quant Fund vs UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund: Frequently Asked Questions
What is the difference between Kotak Quant Fund and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund?
Kotak Quant Fund is a Thematic fund, UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund is an Index fund, run by Kotak Mahindra Mutual Fund and UTI Mutual Fund. Their portfolios overlap 29.5%. Kotak Quant Fund charges 1.78% a year and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund 0.78%.
Which has given higher returns, Kotak Quant Fund or UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund?
Over 1 year: Kotak Quant Fund −7.47%, UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund +0.01%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Quant Fund or UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund?
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund charges less: 0.78% a year against 1.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Quant Fund and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund overlap?
29.5%. They hold 31 of the same securities, the largest shared ones being LAURUSLABS, SONACOMS, RADICO. From each fund's latest monthly portfolio.
Which is riskier, Kotak Quant Fund or UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund?
On SEBI's riskometer, Kotak Quant Fund is rated Very High and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 15.82% and 17.61% a year.
Can I invest in both Kotak Quant Fund and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund?
Yes. 29.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Kotak Quant Fund and UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund?
Kotak Quant Fund: Harsha Upadhyaya, Abhishek Bisen, Rohit Tandon. UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.