KOTAK NIFTY MIDCAP 150 INDEX FUND-DIRECT PLAN-GROWTH

KOTAK NIFTY MIDCAP 150 INDEX FUND-DIRECT PLAN-GROWTH sits in the middle of the pack for Mid Cap funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 56/100.

Cost: At 0.4207%, the expense ratio is meaningfully cheaper — about 51% below the Mid Cap category average of 0.86% (based on 147 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.04 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 16.35% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors with a 5+ year horizon comfortable with meaningfully higher volatility than large cap funds. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.