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15 of 88 unique stocks in common · Jaccard: 17%
A weighted portfolio overlap of 34.83% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹34.83 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 ICICI Bank, which commands a weight of 8.83% in HDFC Flexi Cap Fund and 9.78% in Kotak Services 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 | 8.83% | 9.78% |
| Axis BankBanks | 6.84% | 10.10% |
| State Bank of IndiaBanks | 4.22% | 9.11% |
| Bharti AirtelTelecom - Services | 2.96% | 8.10% |
| Power Grid Corporation of IndiaPower | 2.51% | 7.66% |
| HCL TechnologiesIT - Software | 2.47% | 2.89% |
| HDFC BankBanks | 6.48% | 1.92% |
| Max Healthcare InstituteHealthcare Services | 1.38% | 4.28% |
| InfosysIT - Software | 1.32% | 4.35% |
| United SpiritsBeverages | 0.72% | 1.19% |
| Bank of BarodaBanks | 0.69% | 0.88% |
| EternalRetailing | 2.73% | 0.44% |
| InterGlobe AviationTransport Services | 2.79% | 0.30% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.40% | 0.13% |
| Vishal Mega MartRetailing | 0.70% | 0.10% |
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.