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18 of 99 unique stocks in common · Jaccard: 18.2%
A weighted portfolio overlap of 30.91% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹30.91 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.61% in ICICI Prudential Innovation Fund and 7.96% in Kotak Business Cycle Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 4.61% | 7.96% |
| Axis BankBanks | 3.06% | 4.19% |
| EternalRetailing | 2.54% | 3.21% |
| Maruti Suzuki IndiaAutomobiles | 4.61% | 2.50% |
| 360 One WamCapital Markets | 2.65% | 2.33% |
| Vijaya Diagnostic CentreHealthcare Services | 1.86% | 3.08% |
| Bharti HexacomTelecom - Services | 1.83% | 3.01% |
| MphasisIT - Software | 1.75% | 1.67% |
| Mankind PharmaPharmaceuticals & Biotechnology | 1.96% | 1.53% |
| Godrej Consumer ProductsPersonal Products | 1.49% | 2.14% |
| NTPCPower | 2.07% | 1.36% |
| SagilityIT - Services | 2.36% | 1.23% |
| Hexaware TechnologiesIT - Software | 2.01% | 1.11% |
| LG Electronics IndiaConsumer Durables | 1.63% | 1.10% |
| TVS Motor CompanyAutomobiles | 2.63% | 1.02% |
| Hindustan AeronauticsAerospace & Defense | 1.83% | 0.82% |
| UNO MindaAuto Components | 0.44% | 1.37% |
| Brainbees SolutionsRetailing | 1.03% | 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.