Loading fund overlap…
8 of 113 unique stocks in common · Jaccard: 7.1%
A weighted portfolio overlap of 11.48% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.48 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 Mphasis, which commands a weight of 2.75% in Franklin India Multi Cap Fund and 2.79% in Kotak Midcap Fund. Holding both schemes increases your concentration in Mphasis 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 Franklin | in Kotak |
|---|---|---|
| MphasisIT - Software | 2.75% | 2.79% |
| JK CementCement & Cement Products | 1.81% | 1.94% |
| Global HealthHealthcare Services | 1.55% | 1.63% |
| Dixon Technologies (India)Consumer Durables | 1.55% | 2.10% |
| Hindustan Petroleum CorporationPetroleum Products | 2.06% | 1.41% |
| ICICI Lombard General Insurance CompanyInsurance | 0.96% | 1.18% |
| Aster DM HealthcareHealthcare Services | 0.92% | 0.89% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.85% | 0.57% |
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.