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27 of 152 unique stocks in common · Jaccard: 17.8%
A weighted portfolio overlap of 23.05% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.05 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 4.02% in ICICI Prudential Equity & Debt Fund and 3.28% in Kotak Multi Asset Allocation Fund. Holding both schemes increases your concentration in NTPC 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 |
|---|---|---|
| NTPCPower | 4.02% | 3.28% |
| HDFC BankBanks | 6.07% | 1.94% |
| Hindustan UnileverDiversified FMCG | 1.75% | 2.47% |
| Maruti Suzuki IndiaAutomobiles | 1.73% | 2.87% |
| Reliance IndustriesPetroleum Products | 4.71% | 1.45% |
| Bharti AirtelTelecom - Services | 1.66% | 1.44% |
| ICICI BankBanks | 4.88% | 1.41% |
| EternalRetailing | 1.23% | 1.50% |
| ITCDiversified FMCG | 1.22% | 3.03% |
| Samvardhana Motherson InternationalAuto Components | 0.89% | 0.99% |
| State Bank of IndiaBanks | 0.82% | 3.24% |
| InfosysIT - Software | 0.79% | 1.41% |
| Kotak Mahindra BankBanks | 0.94% | 0.55% |
| Tata Consultancy ServicesIT - Software | 1.87% | 0.51% |
| Oil & Natural Gas CorporationOil | 1.22% | 0.48% |
| Tech MahindraIT - Software | 0.46% | 1.30% |
| Life Insurance Corporation of IndiaInsurance | 0.70% | 0.41% |
| InterGlobe AviationTransport Services | 2.37% | 0.38% |
| Oil IndiaOil | 0.37% | 2.16% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.34% | 0.86% |
| MphasisIT - Software | 0.38% | 0.33% |
| Bandhan BankBanks | 0.31% | 2.21% |
| Tata SteelFerrous Metals | 0.27% | 1.04% |
| Emmvee Photovoltaic PowerElectrical Equipment | 0.26% | 0.32% |
| GAIL (India)Gas | 0.21% | 0.39% |
| United BreweriesBeverages | 0.11% | 0.93% |
| PVR INOXEntertainment | 0.10% | 0.41% |
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.