Kotak Midcap Fund: Is the Turnaround Still on Track?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Pankaj Tibrewal ceased to be the Kotak Midcap Fund manager effective 30 November 2023, and Atul Bhole took over on 22 January 2024.
- ✓Bhole cut exposure to power and defence sectors by half, moving funds into IT and healthcare.
- ✓These contrarian calls helped the fund reach top-quartile performance over the year.
Story at a Glance
- Category
- MARKET
- Reported By
- Financial Express
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Fund manager transitions make investors nervous for good reason. A mutual fund's entire personality, which sectors it leans into, how much cash it holds, how quickly it cuts losing positions, often traces back to one person's judgment.
And when that person leaves after 14 years, the fund that emerges on the other side is not guaranteed to resemble the one investors signed up for.
That is roughly what happened at Kotak Midcap Fund.
Pankaj Tibrewal, who had run the scheme (then named Kotak Emerging Equity Fund) for 14 years, ceased to be its fund manager effective 30 November 2023.
Atul Bhole took over on 22 January 2024. In June 2025, Kotak renamed the fund, along with six other schemes across the AMC, from Kotak Emerging Equity Fund to Kotak Midcap Fund, a cosmetic change with no bearing on the mandate.
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Financial Express
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