Kotak Nifty Midcap 150 Index Fund vs Nippon India ETF Nifty Midcap 150
Kotak Nifty Midcap 150 Index Fund and Nippon India ETF Nifty Midcap 150 are both Nifty Midcap 150 Index Funds & ETFs. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +14.99%, 5-year CAGR — vs +14.36%, volatility 18.09% vs 18.08%, maximum drawdown −14.04% vs −38.35%. Their portfolios overlap by 99.9% (149 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Nippon India Mutual Fund |
| Compared as | Nifty Midcap 150 Index Funds & ETFs | Nifty Midcap 150 Index Funds & ETFs |
| NAV | ₹11.4730 | ₹230.7469 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 28 Mar 2025 | 1 Feb 2019 |
| Track record | 1.6 yrs | 7.8 yrs |
| Fund size (AUM) | ₹46 Cr | ₹3,821 Cr |
| Securities held | 150 | 149 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| 1 month | +1.46% | +1.49% |
| 3 months | −4.29% | −4.25% |
| 6 months | −1.98% | −1.93% |
| 1 year | +0.94% | +1.21% |
| 3 years (CAGR) | — | +14.99% |
| 5 years (CAGR) | — | +14.36% |
| 7 years (CAGR) | — | +20.76% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +9.37% | +18.79% |
| SIP return (XIRR, 5 years) ⓘ | — | +14.08% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| 2026 (year to date) | +0.33% | +0.51% |
| 2025 | — | +5.77% |
| 2024 | — | +24.13% |
| 2023 | — | +44.29% |
| 2022 | — | +3.62% |
| 2021 | — | +47.60% |
Risk
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| Volatility (annualised) ⓘ | 18.09% | 18.08% |
| Downside volatility ⓘ | 12.29% | 12.44% |
| Sharpe ratio ⓘ | 0.16 | 0.47 |
| Sortino ratio ⓘ | 0.23 | 0.69 |
| Maximum drawdown ⓘ | −14.04% | −38.35% |
| Recovery from that fall | 1 months | 7 months |
| Current fall from peak | −5.25% | −5.24% |
| Rolling 1-year return: worst | −5.94% | −33.73% |
| Rolling 1-year return: median | +6.40% | +14.18% |
| Rolling 1-year return: best | +16.36% | +116.74% |
| Share of 1-year periods with a loss | 11.26% | 11.72% |
Against each fund's benchmark
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| Beta ⓘ | 1.15 | 1.14 |
| Alpha (Jensen's, annualised) ⓘ | +7.08% | +4.80% |
| R² ⓘ | 87.65 | 83.60 |
| Upside capture | 133.46% | 127.53% |
| Downside capture | 99.06% | 109.71% |
| Tracking error | 6.72% | 7.81% |
| Information ratio | 0.88 | 0.65 |
| Treynor ratio | -0.77 | 6.13 |
Portfolio
Asset mix
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| Equity | 100.06% | 98.99% |
| REITs / InvITs | 0.95% | 0.94% |
| Cash & equivalents | -1.01% | 0.07% |
Market-cap split (share of fund assets)
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| Large Cap | 5.78% | 5.73% |
| Mid Cap | 91.70% | 90.72% |
| Small Cap | 2.58% | 2.54% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| Top 10 holdings | 17.01% | 16.91% |
| Effective number of stocks ⓘ | 107.5 | 109.1 |
| Securities held | 150 | 149 |
Portfolio overlap: 99.9%
149 companies are held by both funds; by weight, 99.9% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 |
|---|---|---|
| Multi Commodity Exchange of India Limited | 2.09% | 2.08% |
| The Federal Bank Limited | 1.95% | 1.94% |
| Laurus Labs Limited | 1.92% | 1.91% |
| One 97 Communications Limited | 1.80% | 1.79% |
| Hero MotoCorp Limited | 1.69% | 1.68% |
| The Indian Hotels Company Limited | 1.59% | 1.58% |
| Coforge Limited | 1.52% | 1.51% |
| Bharat Heavy Electricals Limited | 1.51% | 1.50% |
| IndusInd Bank Limited | 1.48% | 1.47% |
| AU Small Finance Bank Limited | 1.46% | 1.45% |
| Persistent Systems Limited | 1.43% | 1.42% |
| Dixon Technologies (India) Limited | 1.36% | 1.35% |
| IDFC First Bank Limited | 1.35% | 1.34% |
| Bharat Forge Limited | 1.33% | 1.32% |
| GE Vernova T&D India Limited | 1.29% | 1.29% |
Top 10 holdings
Kotak Nifty Midcap 150 Index
- Multi Commodity Exchange of India Limited2.09%
- The Federal Bank Limited1.95%
- Laurus Labs Limited1.92%
- One 97 Communications Limited1.80%
- Hero MotoCorp Limited1.69%
- The Indian Hotels Company Limited1.59%
- Coforge Limited1.52%
- Bharat Heavy Electricals Limited1.51%
- IndusInd Bank Limited1.48%
- AU Small Finance Bank Limited1.46%
Nippon India ETF Nifty Midcap 150
- Multi Commodity Exchange of India Limited2.08%
- The Federal Bank Limited1.94%
- Laurus Labs Limited1.91%
- One 97 Communications Limited1.79%
- Hero MotoCorp Limited1.68%
- The Indian Hotels Company Limited1.58%
- Coforge Limited1.51%
- Bharat Heavy Electricals Limited1.50%
- IndusInd Bank Limited1.47%
- AU Small Finance Bank Limited1.45%
Sector exposure
| Kotak Nifty Midcap 150 Index | Nippon India ETF Nifty Midcap 150 | |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.24% | 9.18% |
| Banks | 8.77% | 8.71% |
| Finance | 6.89% | 6.84% |
| Electrical Equipment | 6.02% | 5.98% |
| Retailing | 5.67% | 5.64% |
| Capital Markets | 4.74% | 4.24% |
| Auto Components | 4.63% | 4.61% |
| IT - Software | 4.47% | 4.45% |
| Consumer Durables | 4.39% | 4.36% |
| Realty | 4.38% | 4.33% |
| Insurance | 3.89% | 3.87% |
| Industrial Products | 3.01% | 3.00% |
| Leisure Services | 2.84% | 2.82% |
| Financial Technology (Fintech) | 2.74% | 2.72% |
Questions people ask
What is the difference between Kotak Nifty Midcap 150 Index and Nippon India ETF Nifty Midcap 150 returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +0.94% vs +1.21%; 3-year CAGR — vs +14.99%; 5-year CAGR — vs +14.36%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Kotak Nifty Midcap 150 Index and Nippon India ETF Nifty Midcap 150 compare on risk?
Volatility (36 monthly returns, annualised) 18.09% vs 18.08%; Sharpe ratio 0.16 vs 0.47; Sortino ratio 0.23 vs 0.69; maximum drawdown −14.04% vs −38.35%; beta 1.15 vs 1.14.
How much do Kotak Nifty Midcap 150 Index and Nippon India ETF Nifty Midcap 150 overlap?
By weight, 99.9% of the two portfolios is invested in the same companies; 149 stocks are held by both, the largest shared positions being Multi Commodity Exchange of India Limited, The Federal Bank Limited, Laurus Labs Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Kotak Nifty Midcap 150 Index and Nippon India ETF Nifty Midcap 150?
Kotak Nifty Midcap 150 Index: large cap 5.8%, mid cap 91.7%, small cap 2.6%. Nippon India ETF Nifty Midcap 150: large cap 5.7%, mid cap 90.7%, small cap 2.5% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.