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20 of 115 unique stocks in common · Jaccard: 17.4%
A weighted portfolio overlap of 40.35% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.35 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.19% in HDFC Flexi Cap Fund and 5.67% in Kotak Flexi Cap 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 | 9.19% | 5.67% |
| HDFC BankBanks | 5.71% | 4.97% |
| State Bank of IndiaBanks | 4.16% | 4.47% |
| Axis BankBanks | 6.19% | 3.69% |
| EternalRetailing | 3.39% | 4.07% |
| Larsen & ToubroConstruction | 3.16% | 3.73% |
| Bharti AirtelTelecom - Services | 2.58% | 2.80% |
| Interglobe AviationTransport Services | 2.98% | 2.51% |
| Maruti Suzuki IndiaAutomobiles | 2.74% | 1.92% |
| Reliance IndustriesPetroleum Products | 1.44% | 2.26% |
| Kotak Mahindra BankBanks | 3.27% | 1.38% |
| Power Grid Corporation of IndiaPower | 2.04% | 0.93% |
| CiplaPharmaceuticals & Biotechnology | 2.47% | 0.87% |
| Ultratech CementCement & Cement Products | 0.87% | 2.79% |
| Lenskart SolutionsRetailing | 0.70% | 0.70% |
| Bharat ElectronicsAerospace & Defense | 0.62% | 5.40% |
| InfosysIT - Software | 0.54% | 1.72% |
| BSECapital Markets | 0.45% | 1.80% |
| The Ramco CementsCement & Cement Products | 0.31% | 1.20% |
| SwiggyRetailing | 0.27% | 0.19% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.