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Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND

Q: What is the NAV of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

As of 20 Aug 2026, the NAV of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND is ₹11.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What are the top holdings of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

Its largest holdings are BSE Ltd (7.0%), The Federal Bank Ltd (3.6%), Multi Commodity Exchange Of India Ltd (3.2%), Suzlon Energy Ltd (3.2%) and Hero Motocorp Ltd (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.6% and its worst peak-to-trough fall in our sample was -20.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND's 0.30 means it has rewarded its volatility with excess return. Higher is better.

Kotak Mahindra Mutual Fund · Best Index Funds

This is the Direct plan of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.

NAV

₹11.27

+0.44% 1D

as of 20 Aug 2026

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Performance

+12.39%CAGR

52-week rangePrev NAV ₹11.22

Latest ₹11.27

Low ₹9.2197th percentile of its 52-week rangeHigh ₹11.32

Scorecard

★★★★★5/5 vs 246 of 270 Index Funds peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Index Funds (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 246 of the 270 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Index Funds peers to rank yet

RiskHigh

Volatility 17.6% vs 11.8% category avg

CostAverage

0.4% expense vs 0.4% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Index Funds average on 1M/3M/6M/1Y — 1Y by 8.13pp
Ranks #21 of 270 on 1-year return in its Index Funds cohort
Stronger risk-adjusted returns — Sharpe 0.30 vs 0.17 Index Funds average

Concerns

More volatile than its Index Funds peers (17.6% vs 11.8%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 0.40%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 23.39

Excess return per unit of total volatility (rf = 6.5%)

0.30

Category 0.17▲0.13

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

21 Aug 2024

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+1.53%

Absolute return over the last 3 months (not annualized)

+4.78%

Absolute return over the last 6 months (not annualized)

+8.32%

Absolute return since 1 Jan of this year (not annualized)

+5.70%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+11.78%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+5.48%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.59%

Excess return per unit of total volatility (rf = 6.5%)

0.30

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.41

Largest peak-to-trough decline over full history

-20.42%

Benchmark ratios (vs Nifty Midcap 150 · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150

—

Sensitivity to Nifty Midcap 150 moves; 1 = moves with the index

—

How much of the fund's movement Nifty Midcap 150 explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Midcap 150 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	+1.53%	+0.86%	+0.67%
3M abs	+4.78%	+3.84%	+0.94%
6M abs	+8.32%	+2.29%	+6.03%
1Y CAGR	+11.78%	+3.65%	+8.13%
3Y CAGR	—	+9.93%	—
5Y CAGR	—	+9.62%	—

Category average across peers in Index Funds (up to 270 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 270 peers in Index Funds

1Y return

+11.78%

Beats 91.8% · rank #21

3Y return

—

5Y return

—

Sharpe

0.30

Beats 58.1% · rank #102

Sortino

0.41

Beats 57.7% · rank #103

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty Midcap 150

Average

+9.4%

Median

+8.7%

Best

+18.1%

Worst

-0.9%

Positive periods

91.7%

12 overlapping 1Y windows, sampled monthly across the fund’s history.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.28L

Absolute

+7.06%

XIRR

+15.81%

Value vs. invested

12 monthly installments of ₹10,000 into Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Midcap 150	Diff
2026part	+6.24%	+4.99%	+1.25%
2025	+8.02%	+5.37%	+2.65%
2024part	-3.07%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

494

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Index Funds

Compare all


Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT ANDThis fund Kotak Mahindra	★★★★★ 1Y	+11.78%	—	—	33.50	0.40%	₹74.97Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential	★★★★☆	+37.86%	+31.72%	—	—	0.63%	₹3,348Cr
ICICI Prudential Nifty Auto Index Fund ICICI Prudential	★★★★☆	+15.89%	+24.43%	—	13.86	0.35%	₹216.49Cr
Kotak Nifty Smallcap 50 Index Fund Kotak Mahindra	★★★★☆	+13.92%	+22.91%	—	27.26	0.35%	₹201.40Cr
Axis Nifty Smallcap 50 Index Fund Axis	★★★★☆	+14.20%	+22.82%	—	27.26	0.34%	₹621.19Cr
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Aditya Birla Sun Life	★★★★☆	+14.08%	+22.78%	+15.04%	27.26	0.58%	₹299.55Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap18.6%
Mid cap81.4%
Small cap0.0%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-20.4%24 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 29 Oct 2025 — 8 months under water after the low.
-14.5%07 Jan 2026 → 30 Mar 2026
Fell over 3 months, back to the old high on 07 May 2026 — 38 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹74.97Cr

April - June 2026

+12%

since January - March 2026

At or near its largest, ₹74.97Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Kotak Mahindra in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Index funds & ETFs

Index funds and ETFs simply track a benchmark such as the Nifty 50 rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost.

Frequently asked questions

What is the NAV of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

As of 20 Aug 2026, the NAV of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND is ₹11.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND delivered?

Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND has returned +11.78% over 1 year and +5.48% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND charges an expense ratio of 0.40% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

Its largest holdings are BSE Ltd (7.0%), The Federal Bank Ltd (3.6%), Multi Commodity Exchange Of India Ltd (3.2%), Suzlon Energy Ltd (3.2%) and Hero Motocorp Ltd (2.8%). Holdings are disclosed monthly and change over time.

How risky is Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.6% and its worst peak-to-trough fall in our sample was -20.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.30 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND's 0.30 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND is benchmarked against the Nifty Midcap 50 Index(Total Return Index (TRI)) Benchmark Rationale - Nifty Midcap 50 Index (TRI) represents the top 50. Its alpha and beta on this page are measured against that index.

Who manages Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND?

Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND is managed by Abhishek Bisen, Devender Singhal, Satish Dondapati and Jeetu Valechha Sonar at Kotak Mahindra.

How is Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND taxed?

Kotak Nifty Midcap 50 Index Fund - Direct Plan - IDCW PAYOUT AND is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.