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14 of 105 unique stocks in common · Jaccard: 13.3%
A weighted portfolio overlap of 37.43% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.43 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.09% in ICICI Prudential ELSS Tax Saver Fund and 5.80% in Kotak Focused Fund. Holding both schemes increases your concentration in HDFC 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 ICICI | in Kotak |
|---|---|---|
| HDFC BankBanks | 7.09% | 5.80% |
| ICICI BankBanks | 7.43% | 5.51% |
| Reliance IndustriesPetroleum Products | 5.49% | 4.05% |
| NTPCPower | 3.70% | 3.35% |
| Axis BankBanks | 6.21% | 3.03% |
| Maruti Suzuki IndiaAutomobiles | 3.58% | 3.00% |
| Larsen & ToubroConstruction | 4.90% | 2.65% |
| Bharti AirtelTelecom - Services | 2.51% | 4.79% |
| Ultratech CementCement & Cement Products | 1.93% | 2.82% |
| EternalRetailing | 1.58% | 4.20% |
| State Bank of IndiaBanks | 1.48% | 4.39% |
| InterGlobe AviationTransport Services | 1.27% | 2.64% |
| Astra Microwave ProductsAerospace & Defense | 0.98% | 2.80% |
| Tech MahindraIT - Software | 0.30% | 2.56% |
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.