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23 of 95 unique stocks in common · Jaccard: 24.2%
A weighted portfolio overlap of 39.46% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.46 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 7.42% in Kotak ELSS Tax Saver Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 6.48% | 7.42% |
| ICICI BankBanks | 8.83% | 4.80% |
| State Bank of IndiaBanks | 4.22% | 5.05% |
| Bharti AirtelTelecom - Services | 2.96% | 3.69% |
| Larsen & ToubroConstruction | 3.55% | 2.71% |
| EternalRetailing | 2.73% | 2.50% |
| Axis BankBanks | 6.84% | 2.14% |
| Reliance IndustriesPetroleum Products | 2.01% | 1.80% |
| InterGlobe AviationTransport Services | 2.79% | 1.65% |
| Power Grid Corporation of IndiaPower | 2.51% | 1.50% |
| Kotak Mahindra BankBanks | 3.43% | 1.44% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 1.64% |
| BoschAuto Components | 1.10% | 2.13% |
| Britannia IndustriesFood Products | 0.77% | 2.46% |
| United SpiritsBeverages | 0.72% | 0.95% |
| Bank of BarodaBanks | 0.69% | 1.69% |
| Kalpataru Projects InternationalConstruction | 0.59% | 1.90% |
| LupinPharmaceuticals & Biotechnology | 0.74% | 0.57% |
| Lenskart SolutionsRetailing | 0.51% | 1.27% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 1.72% |
| TVS Motor CompanyAutomobiles | 0.29% | 0.98% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 2.45% |
| SwiggyRetailing | 0.27% | 0.23% |
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.