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22 of 124 unique stocks in common · Jaccard: 17.7%
A weighted portfolio overlap of 28.72% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.72 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is IPCA Laboratories, which commands a weight of 3.01% in HDFC Mid Cap Fund and 3.12% in Kotak Midcap Fund. Holding both schemes increases your concentration in IPCA Laboratories 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 |
|---|---|---|
| IPCA LaboratoriesPharmaceuticals & Biotechnology | 3.01% | 3.12% |
| Fortis HealthcareHealthcare Services | 2.91% | 3.83% |
| The Federal BankBanks | 4.36% | 2.85% |
| Vishal Mega MartRetailing | 2.30% | 3.06% |
| Indian BankBanks | 2.93% | 2.24% |
| Persistent SystemsIT - Software | 1.81% | 1.62% |
| MphasisIT - Software | 1.59% | 2.68% |
| Bharat ForgeAuto Components | 1.35% | 1.34% |
| Hindustan Petroleum CorporationPetroleum Products | 2.26% | 1.30% |
| EternalRetailing | 1.24% | 3.24% |
| Max Financial ServicesInsurance | 3.72% | 1.24% |
| Nippon Life India Asset ManagementCapital Markets | 1.10% | 1.59% |
| Coromandel InternationalFertilizers & Agrochemicals | 1.09% | 1.71% |
| ICICI Lombard General Insurance CompanyInsurance | 0.83% | 1.00% |
| Jindal SteelFerrous Metals | 1.54% | 0.83% |
| Apollo TyresAuto Components | 1.71% | 0.69% |
| Dixon Technologies (India)Consumer Durables | 0.69% | 2.39% |
| City Union BankBanks | 0.65% | 0.47% |
| Aster DM Quality CareHealthcare Services | 0.42% | 1.10% |
| United SpiritsBeverages | 1.98% | 0.39% |
| Oracle Financial Services SoftwareIT - Software | 0.36% | 1.51% |
| Bharti HexacomTelecom - Services | 0.21% | 2.17% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.