Loading fund overlap…
6 of 141 unique stocks in common · Jaccard: 4.3%
A weighted portfolio overlap of 8.04% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.04 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Bharat Electronics, which commands a weight of 2.54% in HDFC Manufacturing Fund and 2.13% in Kotak Midcap Fund. Holding both schemes increases your concentration in Bharat Electronics 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 |
|---|---|---|
| Bharat ElectronicsAerospace & Defense | 2.54% | 2.13% |
| Dixon Technologies (India)Consumer Durables | 1.62% | 2.10% |
| Hindustan Petroleum CorporationPetroleum Products | 2.04% | 1.41% |
| Bharat ForgeAuto Components | 2.27% | 1.28% |
| Jindal SteelFerrous Metals | 0.90% | 0.96% |
| Schaeffler IndiaAuto Components | 0.70% | 1.92% |
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.