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19 of 146 unique stocks in common · Jaccard: 13%
A weighted portfolio overlap of 18.41% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.41 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 2.14% in ICICI Prudential Balanced Advantage Fund and 2.55% in Kotak Multi Asset Allocation Fund. Holding both schemes increases your concentration in Eternal 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 ICICI | in Kotak |
|---|---|---|
| EternalRetailing | 2.14% | 2.55% |
| State Bank of IndiaBanks | 2.00% | 3.60% |
| Maruti Suzuki IndiaAutomobiles | 1.93% | 2.70% |
| HDFC BankBanks | 3.25% | 1.92% |
| ICICI BankBanks | 4.07% | 1.49% |
| Reliance IndustriesPetroleum Products | 2.60% | 1.28% |
| Bharti AirtelTelecom - Services | 1.26% | 1.30% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 1.01% | 0.98% |
| NTPCPower | 0.83% | 2.54% |
| Samvardhana Motherson InternationalAuto Components | 0.81% | 1.06% |
| Shriram FinanceFinance | 0.71% | 1.96% |
| Hindalco IndustriesNon - Ferrous Metals | 0.69% | 1.03% |
| Tata SteelFerrous Metals | 0.75% | 0.66% |
| Life Insurance Corporation Of IndiaInsurance | 0.57% | 0.52% |
| Interglobe AviationTransport Services | 1.48% | 0.41% |
| Hindustan UnileverDiversified FMCG | 0.24% | 2.06% |
| Indus TowersTelecom - Services | 0.23% | 2.17% |
| InfosysIT - Software | 2.47% | 0.19% |
| ITCDiversified FMCG | 0.13% | 2.47% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.