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7 of 128 unique stocks in common · Jaccard: 5.5%
A weighted portfolio overlap of 7.86% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.86 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Schaeffler India, which commands a weight of 3.61% in Aditya Birla Sun Life MNC Fund and 1.92% in Kotak Midcap Fund. Holding both schemes increases your concentration in Schaeffler India rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Aditya | in Kotak |
|---|---|---|
| Schaeffler IndiaAuto Components | 3.61% | 1.92% |
| MphasisIT - Software | 1.78% | 2.79% |
| SwiggyRetailing | 1.71% | 1.65% |
| Fortis HealthcareHealthcare Services | 1.02% | 4.03% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 1.50% | 0.81% |
| United SpiritsBeverages | 3.37% | 0.35% |
| Nippon Life India Asset ManagementCapital Markets | 0.34% | 1.62% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.