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12 of 129 unique stocks in common · Jaccard: 9.3%
A weighted portfolio overlap of 8.47% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.47 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 2.38% in ICICI Prudential Large Cap Fund and 8.41% in Kotak BSE PSU Index 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 | 2.38% | 8.41% |
| Oil & Natural Gas CorporationOil | 1.25% | 4.75% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 3.69% |
| Power Grid Corporation of IndiaPower | 1.08% | 6.05% |
| State Bank of IndiaBanks | 1.02% | 18.34% |
| Bharat Petroleum CorporationPetroleum Products | 0.60% | 2.66% |
| Life Insurance Corporation of IndiaInsurance | 0.29% | 0.95% |
| NHPCPower | 0.27% | 1.12% |
| Container Corporation of IndiaTransport Services | 0.24% | 0.73% |
| Oil IndiaOil | 0.15% | 1.17% |
| GAIL (India)Gas | 0.07% | 2.03% |
| Indian Oil CorporationPetroleum Products | 0.02% | 2.36% |
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.