MonitorDirect · GrowthWatch before adding
Kotak Large & Mid Cap Fund
Kotak Mahindra Mutual FundEquity Schemes - Large & Mid Cap Fund13.8 years
The scheme aims to invest in a mix of large and mid cap stocks across sectors based on performance and potential of companies within the sectors.
- NAV
- 383.44
- 29 Oct 2026
- 1Y
- -5.9%
- Trailing CAGR
- AUM
- ₹30,581.49 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Axis Large & Mid Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.66% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -36.0%. Ask whether you can hold through a similar fall.
Vs category
Fail
37% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Harsha Upadhyaya · 13.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 30.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 36%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-5.9%
- 3Y+12.7%
- 5Y+12.3%
- 10Y+14.5%
- SI+15.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.7%
- 3Y+3.0%
- 5Y+10.7%
- 10Y+14.8%
- Since inception
- +15.7%
- Calendar-day CAGR
- Excess 1Y
- -2.9%
- Category median, same plan and option
- 3Y win rate
- +37%
- Windows beating the median
- 3Y percentile
- 57
- Vs comparable share classes
- SIP 3Y XIRR
- +3.0%
- Simulated monthly SIP
- Worst rolling 3Y
- -3.7%
- 2653 daily-ending windows
- Median rolling 3Y
- +18.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2160 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -36.0%
- Worst peak-to-trough
- Current
- -8.3%
- Below last peak
- Current spell
- 260 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 170 recovered episodes
- Longest recovery
- 241 days
- Trough to prior peak
24 Jan 2020 – 9 Nov 2020
Trough 23 Mar 2020 · recovered in 231 days
-36.0%
6 Aug 2015 – 11 Jul 2016
Trough 25 Feb 2016 · recovered in 137 days
-19.6%
27 Sept 2024 – 27 Oct 2025
Trough 28 Feb 2025 · recovered in 241 days
-18.5%
17 Jan 2022 – 18 Aug 2022
Trough 20 Jun 2022 · recovered in 59 days
-15.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
57
Vs category
32
Consistency
37
Risk-adjusted
58
Drawdown
10
Mean
39
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 72 holdings · top 10 are 30.3%.
- Top 5
- 18.8%
- Top 10
- 30.3%
- Largest holding
- 4.5%
- Effective holdings
- 50.8
HDFC Bank Ltd
Financial
4.5%
State Bank of India
Financial
3.9%
Zomato Ltd
Technology
3.8%
Bharat Electronics Ltd
Industrials
3.6%
ICICI Bank Ltd
Financial
3.0%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
18 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Large & Mid Cap Fund
Axis Mutual Fund
- 1Y
- -0.3%
- 3Y
- +14.9%
- Vol
- 14.6%
- Max DD
- -31.9%
- Sharpe
- 0.81
- 3Y win
- +50%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Invesco India Large & Mid Cap Fund
Invesco Mutual Fund
- 1Y
- +0.8%
- 3Y
- +21.3%
- Vol
- 15.9%
- Max DD
- -35.3%
- Sharpe
- 0.74
- 3Y win
- +42%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
JM Large & Mid Cap Fund
JM Financial Mutual Fund
- 1Y
- -3.4%
- 3Y
- n/a
- Vol
- 14.4%
- Max DD
- -15.5%
- Sharpe
- -0.22
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
WhiteOak Capital Large & Mid Cap Fund
WhiteOak Capital Mutual Fund
- 1Y
- -2.5%
- 3Y
- n/a
- Vol
- 14.5%
- Max DD
- -16.0%
- Sharpe
- 0.43
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Helios Large & Mid Cap Fund
Helios Mutual Fund
- 1Y
- -2.2%
- 3Y
- n/a
- Vol
- 15.9%
- Max DD
- -18.0%
- Sharpe
- 0.08
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher volatility · Higher TER · Lower trailing returns