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12 of 120 unique stocks in common · Jaccard: 10%
A weighted portfolio overlap of 15.5% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.5 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.27% in HDFC Manufacturing Fund and 7.98% in Kotak Infrastructure and Economic Reform Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.27% | 7.98% |
| Cummins IndiaIndustrial Products | 2.53% | 2.71% |
| Bharat ElectronicsAerospace & Defense | 2.54% | 1.72% |
| Atlanta ElectricalsElectrical Equipment | 1.29% | 2.21% |
| BoschAuto Components | 1.20% | 2.69% |
| KSH InternationalIndustrial Products | 0.72% | 2.60% |
| Schaeffler IndiaAuto Components | 0.70% | 1.47% |
| Carborundum UniversalIndustrial Products | 0.53% | 1.55% |
| ABB IndiaElectrical Equipment | 0.49% | 1.54% |
| Petronet LNGGas | 0.47% | 0.92% |
| Samvardhana Motherson InternationalAuto Components | 0.34% | 1.71% |
| M&B EngineeringConstruction | 0.24% | 0.79% |
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.