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14 of 123 unique stocks in common · Jaccard: 11.4%
A weighted portfolio overlap of 18.09% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.09 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Maruti Suzuki India, which commands a weight of 2.91% in HDFC Flexi Cap Fund and 4.35% in Kotak Multicap Fund. Holding both schemes increases your concentration in Maruti Suzuki India 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 |
|---|---|---|
| Maruti Suzuki IndiaAutomobiles | 2.91% | 4.35% |
| State Bank of IndiaBanks | 4.22% | 2.76% |
| EternalRetailing | 2.73% | 2.24% |
| Bharti AirtelTelecom - Services | 2.96% | 2.16% |
| Larsen & ToubroConstruction | 3.55% | 1.86% |
| InterGlobe AviationTransport Services | 2.79% | 1.17% |
| InfosysIT - Software | 1.32% | 1.08% |
| Tata SteelFerrous Metals | 1.30% | 0.75% |
| United SpiritsBeverages | 0.72% | 1.08% |
| Bank of BarodaBanks | 0.69% | 1.62% |
| Kalpataru Projects InternationalConstruction | 0.59% | 1.12% |
| Reliance IndustriesPetroleum Products | 2.01% | 0.55% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 1.00% |
| SwiggyRetailing | 0.27% | 0.96% |
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.