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Kotak Large & Mid Cap Fund - Direct- Growth vs Motilal Oswal Large and Midcap Fund - Direct Plan Growth
Kotak Large & Mid Cap Fund and Motilal Oswal Large and Midcap Fund are both in the Large & Mid Cap Fund category, from Kotak Mahindra Asset Management Company Limited. and Motilal Oswal Asset Management Company Limited respectively. Motilal Oswal Large and Midcap Fund has posted a higher 3-year rolling CAGR. Kotak Large & Mid Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Large & Mid Cap Fund has the lower direct-plan expense ratio, by 0.25 percentage points.
| Kotak Large & Mid Cap Fund - Direct- Growth | Motilal Oswal Large and Midcap Fund - Direct Plan Growth | |
|---|---|---|
| Category | Large & Mid Cap Fund | Large & Mid Cap Fund |
| AMC | Kotak Mahindra Asset Management Company Limited. | Motilal Oswal Asset Management Company Limited |
| Benchmark | NIFTY LargeMidcap 250 TRI | NIFTY LargeMidcap 250 TRI |
| NAV | ₹379.752 (2026-10-28) | ₹38.6516 (2026-10-28) |
| AUM | ₹30,424.021 Cr | ₹19,284.73 Cr |
| Expense Ratio (Direct) | 0.66% | 0.91% |
| Inception | 2004-09-10 | 2019-09-27 |
Returns
Motilal Oswal Large and Midcap Fund leads on 3-year rolling CAGR (27.3% vs Kotak Large & Mid Cap Fund's 18.7%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Motilal Oswal Large and Midcap Fund has been the more volatile of the two by standard deviation.
| Kotak Large & Mid Cap Fund - Direct- Growth | Motilal Oswal Large and Midcap Fund - Direct Plan Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.23 | 0.54 |
| 3Y Alpha | 0.7646% | 7.3544% |
| 3Y Std Deviation | 14.495% | 19.5665% |
| 3Y Calmar Ratio | 0.56 | 0.67 |
Portfolio Analytics
Motilal Oswal Large and Midcap Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Kotak Large & Mid Cap Fund - Direct- Growth | Motilal Oswal Large and Midcap Fund - Direct Plan Growth | |
|---|---|---|
| P/E Ratio | 27.8676 | 36.0073 |
| P/B Ratio | 11.7485 | - |
| Dividend Yield | 1.1288% | 0.2302% |
| Active Share | 63.6% | 89.27% |
| Portfolio Turnover | 32.86% | 12% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Motilal Oswal Large and Midcap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Kotak Large & Mid Cap Fund or Motilal Oswal Large and Midcap Fund?
Motilal Oswal Large and Midcap Fund's 3-year rolling CAGR of 27.3% is higher than Kotak Large & Mid Cap Fund's 18.7%. Motilal Oswal Large and Midcap Fund sits in the 100th percentile of its category on this metric, versus the 69th percentile for Kotak Large & Mid Cap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Kotak Large & Mid Cap Fund or Motilal Oswal Large and Midcap Fund?
Kotak Large & Mid Cap Fund's direct-plan expense ratio is 0.25 percentage points lower than Motilal Oswal Large and Midcap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Kotak Large & Mid Cap Fund or Motilal Oswal Large and Midcap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Motilal Oswal Large and Midcap Fund has been more volatile than Kotak Large & Mid Cap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.23 for Kotak Large & Mid Cap Fund vs 0.54 for Motilal Oswal Large and Midcap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Kotak Large & Mid Cap Fund or Motilal Oswal Large and Midcap Fund?
Kotak Large & Mid Cap Fund has ₹30,424 Cr in assets under management, versus ₹19,285 Cr for Motilal Oswal Large and Midcap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Kotak Large & Mid Cap Fund or Motilal Oswal Large and Midcap Fund?
Kotak Large & Mid Cap Fund launched on 2004-09-10, making it older than Motilal Oswal Large and Midcap Fund (launched 2019-09-27). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.