Kotak Midcap Fund delivered an average return of 16.35% over the past three years, with a standard deviation of 18.54%, compared with 14.49% returns for its benchmark, the BSE 150 MidCap TRI, and 15.74% for the category average. Its Sharpe ratio stood at 0.58 and Sortino ratio at 0.73, both higher than the benchmark’s 0.48 and 0.65, respectively. The fund recorded a beta of 0.96 and a positive alpha of 2.22%, indicating relatively lower market sensitivity than a beta of 1 and positive excess returns relative to its benchmark. However, it remains classified as a very high-risk fund.