HDFC Mid Cap Fund vs Kotak Midcap Fund
Updated June 2026 · both Mid Cap funds · metrics from AMFI NAVs
In short: HDFC Mid Cap Fund has the higher 3-year return (+20.71%); Kotak Midcap Fund has the lower expense ratio (0.38%); HDFC Mid Cap Fund has the better risk-adjusted return (Sharpe 0.96). This is analysis from past data, not a recommendation.
| Metric | HDFC Mid Cap Fund | Kotak Midcap Fund |
|---|---|---|
| 1Y return | +2.00% | +3.04% |
| 3Y CAGR | +20.71% | +20.31% |
| 5Y CAGR | +19.56% | +17.80% |
| Sharpe ratio | 0.96 | 0.80 |
| Max drawdown | -17.0% | -20.9% |
| Volatility | 14.8% | 16.0% |
| Alpha | +2.36% | +0.46% |
| Expense ratio (Direct) | 0.76% | 0.38% |
| AUM | ₹91.6K Cr | ₹59.2K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
Kotak Midcap Fund has the lower Direct-plan expense ratio (0.38%), versus 0.76% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
HDFC Mid Cap Fund has the higher 3-year CAGR (+20.71%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.