Kotak Technology Fund vs Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
Direct Plan, Growth option · Data as on 29-10-2026
Kotak Technology Fund is a Thematic fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund is a mutual fund. In the year to 30-10-2026, Kotak Technology Fund (Direct) returned −7.3% and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Direct) returned 0.7%. Kotak Technology Fund charges 1.13% a year and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund 0.95% (Direct plans). Their portfolios overlap 22.2%: they hold 7 of the same securities.
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
- 1 year return
- 0.7%
- Expense ratio
- 0.95%
- NAV
- ₹9.80
Which is better, Kotak Technology or Motilal Oswal Nifty MidSmall IT and Telecom Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal Nifty MidSmall IT and Telecom Index returned more over 1 year: 0.7% against −7.3%.
- Motilal Oswal Nifty MidSmall IT and Telecom Index costs less: 0.95% a year against 1.13% (Direct plans).
- Kotak Technology fell less in its worst fall since 25-11-2024: −28.6% against −32.8%.
- Kotak Technology holds 3.2% of the fund in foreign stocks; Motilal Oswal Nifty MidSmall IT and Telecom Index 0.0%.
- Kotak Technology holds more in large companies: 52.6% of the fund in large caps against 12.7%.
- Kotak Technology is the larger fund: ₹479 Cr against ₹52 Cr.
- Their portfolios overlap 22.2%: 7 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 Technology Fund | Motilal Oswal Nifty MidSmall IT and Telecom Index Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹479 Cr (30-09-2026) | ₹52 Cr (30-09-2026) |
| NAV | ₹11.08 (Direct) | ₹9.80 (Direct) |
| Expense ratio (Direct) | 1.13% | 0.95% |
| Expense ratio (Regular) | 2.56% | 1.36% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Teck TRI | Not available |
| Launch date | 04-03-2024 | Not available |
| Minimum investment | Rs. 100/- and any amount thereafter | Not available |
| Lock in | None | Not available |
| Fund managers | Shibani Kurian, Abhishek Bisen | Not available |
| Exit load | 0.5% for redemption within 30 Days | Not available |
Kotak Technology vs Motilal Oswal Nifty MidSmall IT and Telecom 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 Technology Fund (Direct) | +8.04% | +2.07% | +10.38% | −7.34% | -- | -- | -- |
| Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Direct) | +7.50% | +4.18% | +18.60% | +0.68% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Kotak Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Year-wise Returns
| Year | Kotak TechnologyKotak Technology | Motilal Oswal Nifty MidSmall IT and Telecom IndexMotilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| 2026to date | −8.84% | −0.01% |
| 2025 | −4.38% | −8.73% |
Kotak Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Rolling Returns
Every holding period of both funds, against BSE TECK TRI, the benchmark of Kotak Technology Fund
Rolling returns
Every 1-year holding period, 230 of them, one for each trading day from 25-11-2025 to 29-10-2026: 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 Technology Fund (Direct)
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular)
BSE TECK TRI
to
Dec 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 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 Technology | 98.3 | 1.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −8.6% | −8.1% | −22.1% | 1.6% | 80% |
| Motilal Oswal Nifty MidSmall IT and Telecom Index | 76.0 | 15.3 | 7.9 | 0.9 | 0.0 | 0.0 | 0.0 | −4.3% | −5.6% | −15.6% | 10.8% | 75% |
| BSE TECK TRI | 99.1 | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −10.1% | −10.0% | −24.5% | 1.0% | -- |
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 BSE TECK 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 25-11-2024. Past returns do not promise future returns.
Kotak Technology vs Motilal Oswal Nifty MidSmall IT and Telecom 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 04-11-2024 to 29-10-2026: 24 instalments, ₹2,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Kotak TechnologyKotak Technology Fund (Direct) | ₹2,40,000 | ₹2,37,330 | −₹2,670 | −1.1% |
| Motilal Oswal Nifty MidSmall IT and Telecom IndexMotilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular) | ₹2,40,000 | ₹2,51,394 | ₹11,394 | 4.6% |
Kotak TechnologyKotak Technology Fund (Direct)
Motilal Oswal Nifty MidSmall IT and Telecom IndexMotilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular)
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 Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Technology Fund (Direct) | Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.34% | +0.23% |
| Standard deviation | 16.94% | 19.85% |
| Sharpe ratio | -0.74 | -0.25 |
| Sortino ratio | -1.00 | -0.35 |
| Maximum drawdown | −24.1% (30-06-2026) | −26.5% (23-03-2026) |
| Beta | 0.86 | 1.00 |
| Alpha | −0.08% | −1.00% |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Technology Fund (Direct) | Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.89% | −3.27% |
| Standard deviation | 16.76% | 21.68% |
| Sharpe ratio | -0.12 | -0.41 |
| Sortino ratio | -0.17 | -0.57 |
| Maximum drawdown | −28.6% (30-06-2026) | −32.8% (23-03-2026) |
| Beta | 0.89 | 1.00 |
| Alpha | +3.45% | −1.18% |
From daily NAVs, 07-03-2024 to 29-10-2026. 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 Technology Fund (Direct)
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular)
BSE TECK TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Technology Fund (Direct) | −28.6% | 16-12-2024 | 30-06-2026 | Not yet | -- | −16.9% |
| Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular) | −32.8% | 16-12-2024 | 23-03-2026 | Not yet | -- | −12.8% |
| BSE TECK TRI | −31.1% | 13-12-2024 | 01-07-2026 | Not yet | -- | −19.2% |
From daily values since 25-11-2024, 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 Technology Fund (Direct)
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular)
BSE TECK TRI
Against BSE TECK TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Kotak Technology Fund (Direct) | 83% | 84% | 6.83% |
| Motilal Oswal Nifty MidSmall IT and Telecom Index Fund (Regular) | 96% | 82% | 15.76% |
From month-end values since 25-11-2024. 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 Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Technology Fund, September 2026; Motilal Oswal Nifty MidSmall IT and Telecom Index Fund, September 2026
Holdings in common
- Overlap
- 22.2%
- Held by both
- 7
- Only in Kotak Technology
- 18
- Only in Motilal Oswal Nifty MidSmall IT and Telecom Index
- 13
| Security | % of Kotak Technology | % of Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| Persistent Systems Limited | 4.61% | 15.21% |
| Coforge Limited | 4.56% | 16.13% |
| Mphasis Ltd | 4.09% | 7.55% |
| Indus Towers Ltd. | 3.16% | 12.72% |
| BHARTI HEXACOM LTD. | 3.73% | 2.84% |
| SAGILITY INDIA LTD. | 1.85% | 2.60% |
| Oracle Financial Services Software Ltd | 1.09% | 6.72% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.2% means 22.2% 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 Technology Fund
| Security | % of fund |
|---|---|
| Infosys Ltd. | 16.10% |
| BHARTI AIRTEL LTD. | 11.29% |
| Tech Mahindra Ltd. | 7.94% |
| ETERNAL LIMITED | 7.30% |
| LENSKART SOLUTIONS LIMITED | 4.23% |
Largest holdings only in Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
| Security | % of fund |
|---|---|
| HFCL Limited | 5.71% |
| Tata Communications Limited | 5.15% |
| Tata Technologies Ltd | 3.22% |
| Tata Elxsi Limited | 2.82% |
| Affle 3i Limited | 2.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Technology | Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| Equity | 98.3% | 99.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.7% | 0.5% |
Market cap of stocks
| Market cap | Kotak Technology | Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| Large Cap | 52.6% | 12.7% |
| Mid Cap | 30.8% | 56.0% |
| Small Cap | 7.6% | 30.8% |
| Foreign stocks | 3.2% | 0.0% |
| Not on AMFI's list | 4.2% | 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 Technology | Motilal Oswal Nifty MidSmall IT and Telecom Index |
|---|---|---|
| IT - Software | 47.4% | 55.3% |
| Telecom - Services | 18.2% | 26.4% |
| IT - Services | 1.9% | 17.8% |
| Retailing | 16.2% | 0.0% |
| Transport Services | 3.5% | 0.0% |
| Commercial Services and Supplies | 3.3% | 0.0% |
| Consumer Durables | 3.2% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Kotak Technology vs Motilal Oswal Nifty MidSmall IT and Telecom Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Technology Fund | Motilal Oswal Nifty MidSmall IT and Telecom Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.13% | 0.95% |
| Base expense ratio (Direct) | 0.88% | 0.55% |
| Total expense ratio (Regular) | 2.56% | 1.36% |
| Base expense ratio (Regular) | 2.09% | 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 Technology Fund vs Motilal Oswal Nifty MidSmall IT and Telecom Index Fund: Frequently Asked Questions
What is the difference between Kotak Technology Fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund?
Kotak Technology Fund is a Thematic fund, Motilal Oswal Nifty MidSmall IT and Telecom Index Fund is a mutual fund, run by Kotak Mahindra Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 22.2%. Kotak Technology Fund charges 1.13% a year and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund 0.95%.
Which has given higher returns, Kotak Technology Fund or Motilal Oswal Nifty MidSmall IT and Telecom Index Fund?
Over 1 year: Kotak Technology Fund −7.34%, Motilal Oswal Nifty MidSmall IT and Telecom Index Fund +0.68%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Kotak Technology Fund or Motilal Oswal Nifty MidSmall IT and Telecom Index Fund?
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund charges less: 0.95% a year against 1.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Technology Fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund overlap?
22.2%. They hold 7 of the same securities, the largest shared ones being PERSISTENT, COFORGE, MPHASIS. From each fund's latest monthly portfolio.
Can I invest in both Kotak Technology Fund and Motilal Oswal Nifty MidSmall IT and Telecom Index Fund?
Yes. 22.2% 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.