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16 of 113 unique stocks in common · Jaccard: 14.2%
A weighted portfolio overlap of 9.07% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.07 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 Eternal, which commands a weight of 2.73% in HDFC Flexi Cap Fund and 2.04% in Kotak Midcap Fund. Holding both schemes increases your concentration in Eternal 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 |
|---|---|---|
| EternalRetailing | 2.73% | 2.04% |
| Persistent SystemsIT - Software | 1.25% | 1.62% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 0.80% |
| Vishal Mega MartRetailing | 0.70% | 2.67% |
| Bank of BarodaBanks | 0.69% | 0.70% |
| Aster DM HealthcareHealthcare Services | 0.64% | 0.89% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 0.57% |
| Lenskart SolutionsRetailing | 0.51% | 0.65% |
| BSECapital Markets | 0.44% | 1.39% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 2.10% |
| United SpiritsBeverages | 0.72% | 0.35% |
| SwiggyRetailing | 0.27% | 1.65% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 1.41% |
| BirlasoftIT - Software | 0.13% | 0.91% |
| Nippon Life India Asset ManagementCapital Markets | 0.05% | 1.62% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 2.13% |
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.