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20 of 110 unique stocks in common · Jaccard: 18.2%
A weighted portfolio overlap of 32.86% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.86 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.72% in ICICI Prudential Large Cap 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 | 8.72% | 7.96% |
| Axis BankBanks | 4.67% | 4.19% |
| HDFC BankBanks | 8.46% | 2.64% |
| Maruti Suzuki IndiaAutomobiles | 3.55% | 2.50% |
| Mahindra & MahindraAutomobiles | 2.34% | 2.09% |
| Ultratech CementCement & Cement Products | 2.69% | 1.90% |
| InfosysIT - Software | 3.60% | 1.77% |
| Reliance IndustriesPetroleum Products | 5.41% | 1.50% |
| NTPCPower | 2.38% | 1.36% |
| SBI Life Insurance CompanyInsurance | 1.09% | 1.94% |
| United SpiritsBeverages | 0.97% | 1.40% |
| Avenue SupermartsRetailing | 0.92% | 1.99% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 0.82% |
| ITCDiversified FMCG | 0.94% | 0.82% |
| EternalRetailing | 0.54% | 3.21% |
| Tech MahindraIT - Software | 0.50% | 0.76% |
| TVS Motor CompanyAutomobiles | 0.49% | 1.02% |
| ICICI Lombard General Insurance CompanyInsurance | 0.40% | 1.98% |
| Godrej Consumer ProductsPersonal Products | 0.33% | 2.14% |
| Hexaware TechnologiesIT - Software | 0.07% | 1.11% |
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.