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11 of 121 unique stocks in common · Jaccard: 9.1%
A weighted portfolio overlap of 13.45% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.45 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 2.54% in ICICI Prudential Innovation 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 | 2.54% | 2.04% |
| Bharti HexacomTelecom - Services | 1.83% | 1.76% |
| MphasisIT - Software | 1.75% | 2.79% |
| SwiggyRetailing | 1.99% | 1.65% |
| Blue StarConsumer Durables | 1.70% | 1.30% |
| GE Vernova T&D IndiaElectrical Equipment | 1.20% | 4.22% |
| KEI IndustriesIndustrial Products | 1.13% | 2.98% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 1.95% | 0.81% |
| Max Healthcare InstituteHealthcare Services | 1.45% | 0.80% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.41% | 0.57% |
| UNO MindaAuto Components | 0.44% | 0.85% |
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.