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15 of 80 unique stocks in common · Jaccard: 18.8%
A weighted portfolio overlap of 37.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.47 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 5.80% in Kotak Focused 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% | 5.80% |
| ICICI BankBanks | 8.83% | 5.51% |
| State Bank of IndiaBanks | 4.22% | 4.39% |
| Axis BankBanks | 6.84% | 3.03% |
| Bharti AirtelTelecom - Services | 2.96% | 4.79% |
| Maruti Suzuki IndiaAutomobiles | 2.91% | 3.00% |
| EternalRetailing | 2.73% | 4.20% |
| Larsen & ToubroConstruction | 3.55% | 2.65% |
| InterGlobe AviationTransport Services | 2.79% | 2.64% |
| Reliance IndustriesPetroleum Products | 2.01% | 4.05% |
| Persistent SystemsIT - Software | 1.25% | 1.63% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 2.63% |
| BSECapital Markets | 0.44% | 2.84% |
| ICICI Prudential Asset Management CompanyCapital Markets | 0.12% | 1.85% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 3.60% |
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.