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8 of 67 unique stocks in common · Jaccard: 11.9%
A weighted portfolio overlap of 17.93% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.93 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 8.07% in Bharat 22 ETF and 5.05% in Kotak ELSS Tax Saver Fund. Holding both schemes increases your concentration in State Bank of 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 Bharat | in Kotak |
|---|---|---|
| State Bank of IndiaBanks | 8.07% | 5.05% |
| NTPCPower | 10.50% | 3.34% |
| Larsen & ToubroConstruction | 15.35% | 2.71% |
| Axis BankBanks | 7.42% | 2.14% |
| Bharat Petroleum CorporationPetroleum Products | 3.16% | 1.98% |
| Power Grid Corporation of IndiaPower | 7.55% | 1.50% |
| Bank of BarodaBanks | 1.01% | 1.69% |
| Engineers IndiaConstruction | 0.21% | 1.23% |
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.