Fundalysisby DARKHORSESTOCKS

Scheme

Kotak Mid Cap Fund

Holds 70 companies worth ₹65,263 Cr in Sept 2026.

  • Fund house

    KotakThe fund house that runs this scheme.

  • AUM

    ₹69,941 CrKotak Mid Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.8% on Aug 2026, ₹71,256 Cr.

  • Largest holding

    IPCA Laboratories LimitedIPCA Laboratories Limited is 3.6% of this scheme's NAV.

  • Fund manager

    Atul BholeRuns it since 22 Jan 2024, as the fund house dates it.

Overview(9 Oct 2026)

Fund managers1

  1. Atul BholeFund manager · Jan 2024 · 20y · CA MMS B.Com
  1. Arjun KhannaMay 2018 – Sept 2024

Key facts

Benchmark
Nifty Midcap 150 TRI
Risk
Very High
Expense
Regular 1.51% · Direct 0.54%
Exit load
10% within 1 year
Started
30 Mar 2007
Minimum
₹100

Source.Its Scheme Summary Document as of 9 Oct 2026 at AMFI.

What changed(17 changes)

Jul 2026

1 change
  1. Expense ratio
    30 JulRegular 1.48% → 1.49%Direct 0.5% → 0.51%

Jun 2026

1 change
  1. Expense ratio
    29 JunRegular 1.38% → 1.48%Direct 0.38% → 0.5%

May 2026

1 change
  1. Expense ratio
    30 MayRegular 1.64% → 1.38%Direct 0.68% → 0.38%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2018 – now)

  1. Atul Bhole
  2. Arjun Khanna
MainCoSlice20192020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
16 changesRegularDirectΔ pt
30 Jul 20261.49%0.51%0.01
29 Jun 20261.48%0.50%0.12
30 May 20261.38%0.38%0.30
29 Apr 20261.64%0.68%0.28
30 Mar 20261.39%0.40%0.02
27 Feb 20261.39%0.38%0
30 Jan 20261.38%0.38%0.01
30 Dec 20251.38%0.37%0
29 Nov 20251.39%0.37%0
30 Sept 20251.38%0.37%0
31 Aug 20251.39%0.37%0
31 Jul 20251.40%0.37%0.01
30 Jun 20251.40%0.38%0.04
31 May 20251.42%0.42%0.06
30 Sept 20241.43%0.36%0.02
31 Aug 20241.42%0.34%–
Direct plan, 30 Jul 2026
0.51%
Regular plan 1.49% · Exit load 10% within 1 year
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(9 Oct 2026)

Objective

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid companies. The scheme may also invest in Debt and Money Market Instruments, as per the asset allocation table. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme predominantly investing in mid cap stocks
Benchmark
Nifty Midcap 150 TRI
Benchmark 2
Nifty Midcap 100 TRI

Asset allocation it may hold% of NAV

  1. A - Investments Indicative Allocation Risk Profile A Equity & Equity related Securities
    Allowed65–100%
  2. B - Investments in equity and equity related instruments of Companies other than mid cap companies
    Allowed0–35%
  3. C - Debt & Money Market Instruments
    Allowed0–35%Holds2.0%
  4. D - Units issued by InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.98.0% equity · 2.0% debt and cash

How to invest(9 Oct 2026)

Buying

To start
₹100, then any amount thereafter Rs. 100
To add
₹100, then any amount thereafter Rs. 100
Systematic
SIP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually SWP - Daily, Weekly, Monthly, Quarterly, Half – Yearly and Annually STP - Daily, Weekly, Monthly & Quarterly
Dates
SIP - Any date from 1st to 31stSWP - Any Date of every Month STP - Any Business Day
Minimum
SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000, then sIP - Rs. 100/- and any amount thereafter,SWP - STP -
Instalments
SIP - N.A. SWP - 6 installments STP - 6 installments

Selling and switching

To redeem
₹1,000 or 100 unit units
Minimum balance
₹1,000 or 100 units units

Scheme details(9 Oct 2026)

What it is

Category
Mid Cap Fund
Offer
12 Feb 2007 to 16 Mar 2007
Started
30 Mar 2007
Reopened
11 Apr 2007
Plans
Growth Option · Payout of Income Distribution cum capital withdrawal (IDCW) · Reinvestment of Income Distribution cum capital withdrawal (IDCW)
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank A G, Mumbai & Standard Chartered Bank
Auditor
S. R. Batliboi & Co. LLP
Registrar
Computer Age Management Services (‘CAMS’)
SEBI code
KOTM/O/E/MIF/06/09/0018