Kotak Large & Midcap Fund Direct Growth

Kotak Large & Midcap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Harsha Upadhyaya. The fund could potentially beat inflation in the long-run.

1. Kotak Large & Midcap Fund Direct Growth has ₹28294 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.6.
   

Kotak Large & Midcap Fund Direct Growth has given a CAGR return of 17.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 2.27%, 24.09% and 25.29% respectively.

Kotak Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Tech, Health, Energy, Utilities, Communication, Corporate, Consumer Defensive, Government, Real Estate. Its top holdings are HDFC Bank Ltd, Bharat Electronics Ltd, ICICI Bank Ltd, Infosys Ltd, Eternal Ltd

As it is a large & mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related securities. The scheme will invest predominantly in a mix of large and mid cap stocks from various sectors, which look promising, based on the growth pattern in the economy. There is no assurance that the investment objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Kotak Large & Midcap Fund Direct Growth has no lock in period.