Loading fund overlap…
10 of 118 unique stocks in common · Jaccard: 8.5%
A weighted portfolio overlap of 16.04% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.04 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 9.24% in ICICI Prudential Energy Opportunities Fund and 6.40% in Kotak Large Cap 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 ICICI | in Kotak |
|---|---|---|
| Reliance IndustriesPetroleum Products | 9.24% | 6.40% |
| NTPCPower | 7.45% | 3.18% |
| HDFC BankBanks | 1.80% | 6.25% |
| Bharat Petroleum CorporationPetroleum Products | 2.14% | 1.20% |
| Cummins IndiaIndustrial Products | 0.87% | 1.34% |
| ICICI BankBanks | 0.70% | 6.98% |
| Gujarat GasGas | 2.49% | 0.60% |
| V-Guard IndustriesConsumer Durables | 0.97% | 0.60% |
| Larsen & ToubroConstruction | 0.42% | 4.56% |
| Acme Solar HoldingsPower | 1.33% | 0.27% |
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.