Loading fund overlap…
6 of 111 unique stocks in common · Jaccard: 5.4%
A weighted portfolio overlap of 6.46% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.46 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 2.67% in ICICI Prudential ESG Exclusionary Strategy Fund and 2.04% in Kotak Midcap 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 | 2.67% | 2.04% |
| ICICI Lombard General Insurance CompanyInsurance | 1.13% | 1.18% |
| PI IndustriesFertilizers & Agrochemicals | 1.07% | 1.33% |
| Deepak NitriteChemicals & Petrochemicals | 0.84% | 1.06% |
| RECFinance | 1.72% | 0.69% |
| Schaeffler IndiaAuto Components | 0.69% | 1.92% |
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.