Loading fund overlap…
6 of 108 unique stocks in common · Jaccard: 5.6%
A weighted portfolio overlap of 6.62% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.62 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Vishal Mega Mart, which commands a weight of 4.68% in HDFC Consumption Fund and 2.67% in Kotak Midcap Fund. Holding both schemes increases your concentration in Vishal Mega Mart 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 HDFC | in Kotak |
|---|---|---|
| Vishal Mega MartRetailing | 4.68% | 2.67% |
| EternalRetailing | 9.35% | 2.04% |
| Max Healthcare InstituteHealthcare Services | 1.09% | 0.80% |
| Lenskart SolutionsRetailing | 1.66% | 0.65% |
| United SpiritsBeverages | 3.89% | 0.35% |
| Metro BrandsConsumer Durables | 0.11% | 1.21% |
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.