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17 of 97 unique stocks in common · Jaccard: 17.5%
A weighted portfolio overlap of 25.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.84 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is GE Vernova T&D India, which commands a weight of 3.43% in Back to Index and 4.22% in Kotak Midcap Fund. Holding both schemes increases your concentration in GE Vernova T&D 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 Back | in Kotak |
|---|---|---|
| GE Vernova T&D IndiaElectrical Equipment | 3.43% | 4.22% |
| Fortis HealthcareHealthcare Services | 3.05% | 4.03% |
| Indian BankBanks | 2.49% | 2.37% |
| L&T FinanceFinance | 3.27% | 2.27% |
| The Federal BankBanks | 4.51% | 2.14% |
| Persistent SystemsIT - Software | 1.71% | 1.62% |
| Max Financial ServicesInsurance | 2.84% | 1.47% |
| SRFChemicals & Petrochemicals | 1.45% | 1.70% |
| Hindustan Petroleum CorporationPetroleum Products | 1.43% | 1.41% |
| BSECapital Markets | 6.88% | 1.39% |
| JK CementCement & Cement Products | 0.99% | 1.94% |
| Coromandel InternationalFertilizers & Agrochemicals | 0.92% | 1.55% |
| MRFAuto Components | 1.24% | 0.92% |
| UNO MindaAuto Components | 1.05% | 0.85% |
| Nippon Life India Asset ManagementCapital Markets | 0.78% | 1.62% |
| Dalmia BharatCement & Cement Products | 0.42% | 1.25% |
| Bharti HexacomTelecom - Services | 0.36% | 1.76% |
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.