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19 of 115 unique stocks in common · Jaccard: 16.5%
A weighted portfolio overlap of 40.22% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.22 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.21% in HDFC Flexi Cap Fund and 5.63% in Kotak Flexicap 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 | 9.21% | 5.63% |
| HDFC BankBanks | 6.11% | 5.27% |
| State Bank of IndiaBanks | 4.14% | 4.36% |
| Axis BankBanks | 6.01% | 3.51% |
| EternalRetailing | 3.36% | 3.77% |
| Larsen & ToubroConstruction | 3.16% | 3.72% |
| Bharti AirtelTelecom - Services | 2.94% | 3.06% |
| InterGlobe AviationTransport Services | 3.02% | 2.49% |
| Maruti Suzuki IndiaAutomobiles | 2.90% | 2.03% |
| Reliance IndustriesPetroleum Products | 1.56% | 2.33% |
| Kotak Mahindra BankBanks | 3.12% | 1.29% |
| Power Grid Corporation of IndiaPower | 2.26% | 1.01% |
| CiplaPharmaceuticals & Biotechnology | 2.65% | 0.92% |
| InfosysIT - Software | 0.76% | 1.73% |
| Bharat ElectronicsAerospace & Defense | 0.60% | 5.08% |
| BSECapital Markets | 0.52% | 2.01% |
| Lenskart SolutionsRetailing | 0.50% | 0.60% |
| The Ramco CementsCement & Cement Products | 0.33% | 1.26% |
| SwiggyRetailing | 0.28% | 0.20% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.