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16 of 96 unique stocks in common · Jaccard: 16.7%
A weighted portfolio overlap of 35.87% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.87 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 HDFC Bank, which commands a weight of 6.48% in HDFC Flexi Cap Fund and 6.04% in Kotak ESG Exclusionary Strategy 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% | 6.04% |
| ICICI BankBanks | 8.83% | 5.10% |
| Axis BankBanks | 6.84% | 4.18% |
| Larsen & ToubroConstruction | 3.55% | 4.47% |
| State Bank of IndiaBanks | 4.22% | 3.52% |
| Bharti AirtelTelecom - Services | 2.96% | 7.42% |
| EternalRetailing | 2.73% | 4.75% |
| InfosysIT - Software | 1.32% | 4.71% |
| Kotak Mahindra BankBanks | 3.43% | 1.30% |
| HCL TechnologiesIT - Software | 2.47% | 1.12% |
| BoschAuto Components | 1.10% | 2.23% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 0.89% |
| Britannia IndustriesFood Products | 0.77% | 1.55% |
| Bank of BarodaBanks | 0.69% | 0.82% |
| Metropolis HealthcareHealthcare Services | 0.35% | 2.03% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 0.96% |
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.