Loading fund overlap…
14 of 130 unique stocks in common · Jaccard: 10.8%
A weighted portfolio overlap of 13.34% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.34 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Bharat Electronics, which commands a weight of 3.21% in Back to Index and 2.13% in Kotak Midcap Fund. Holding both schemes increases your concentration in Bharat Electronics 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 Back | in Kotak |
|---|---|---|
| Bharat ElectronicsAerospace & Defense | 3.21% | 2.13% |
| Bharat ForgeAuto Components | 1.29% | 1.28% |
| Dixon Technologies (India)Consumer Durables | 1.23% | 2.10% |
| GE Vernova T&D IndiaElectrical Equipment | 1.15% | 4.22% |
| Solar Industries IndiaChemicals & Petrochemicals | 1.00% | 2.55% |
| Jindal SteelFerrous Metals | 1.16% | 0.96% |
| SRFChemicals & Petrochemicals | 0.94% | 1.70% |
| MRFAuto Components | 0.84% | 0.92% |
| VoltasConsumer Durables | 0.83% | 1.00% |
| KEI IndustriesIndustrial Products | 0.63% | 2.98% |
| PI IndustriesFertilizers & Agrochemicals | 0.63% | 1.33% |
| Blue StarConsumer Durables | 0.60% | 1.30% |
| Coromandel InternationalFertilizers & Agrochemicals | 0.60% | 1.55% |
| UNO MindaAuto Components | 0.52% | 0.85% |
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.