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18 of 103 unique stocks in common · Jaccard: 17.5%
A weighted portfolio overlap of 39.19% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.19 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 5.37% in Kotak Flexicap 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% | 5.37% |
| ICICI BankBanks | 8.83% | 5.04% |
| State Bank of IndiaBanks | 4.22% | 4.19% |
| Axis BankBanks | 6.84% | 3.76% |
| Larsen & ToubroConstruction | 3.55% | 3.94% |
| Bharti AirtelTelecom - Services | 2.96% | 2.90% |
| EternalRetailing | 2.73% | 3.20% |
| InterGlobe AviationTransport Services | 2.79% | 2.17% |
| Reliance IndustriesPetroleum Products | 2.01% | 2.41% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 1.92% |
| InfosysIT - Software | 1.32% | 1.82% |
| Kotak Mahindra BankBanks | 3.43% | 1.30% |
| Power Grid Corporation of IndiaPower | 2.51% | 1.06% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 0.89% |
| BSECapital Markets | 0.44% | 2.35% |
| The Ramco CementsCement & Cement Products | 0.34% | 1.22% |
| SwiggyRetailing | 0.27% | 0.18% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 5.51% |
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.