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16 of 98 unique stocks in common · Jaccard: 16.3%
A weighted portfolio overlap of 28.38% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.38 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.83% in HDFC Flexi Cap Fund and 7.96% in Kotak Business Cycle Fund. Holding both schemes increases your concentration in ICICI Bank 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 |
|---|---|---|
| ICICI BankBanks | 8.83% | 7.96% |
| Axis BankBanks | 6.84% | 4.19% |
| EternalRetailing | 2.73% | 3.21% |
| HDFC BankBanks | 6.48% | 2.64% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 2.50% |
| SBI Life Insurance CompanyInsurance | 3.76% | 1.94% |
| Reliance IndustriesPetroleum Products | 2.01% | 1.50% |
| InfosysIT - Software | 1.32% | 1.77% |
| United SpiritsBeverages | 0.72% | 1.40% |
| Vishal Mega MartRetailing | 0.70% | 2.43% |
| Aster DM HealthcareHealthcare Services | 0.64% | 3.88% |
| Kalpataru Projects InternationalConstruction | 0.59% | 1.63% |
| Lenskart SolutionsRetailing | 0.51% | 2.26% |
| TVS Motor CompanyAutomobiles | 0.29% | 1.02% |
| ICICI Prudential Asset Management CompanyCapital Markets | 0.12% | 1.22% |
| Hexaware TechnologiesIT - Software | 0.03% | 1.11% |
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.