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9 of 122 unique stocks in common · Jaccard: 7.4%
A weighted portfolio overlap of 6% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 1.02% in ICICI Prudential Large Cap Fund and 1.71% in Kotak Nifty Alpha 50 Index Fund. Holding both schemes increases your concentration in State Bank of India 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 |
|---|---|---|
| State Bank of IndiaBanks | 1.02% | 1.71% |
| SBI Life Insurance CompanyInsurance | 1.09% | 1.01% |
| Cummins IndiaIndustrial Products | 0.91% | 2.45% |
| HDFC Asset Management CompanyCapital Markets | 0.69% | 1.10% |
| Eicher MotorsAutomobiles | 0.62% | 1.73% |
| Mahindra & MahindraAutomobiles | 2.34% | 0.52% |
| TVS Motor CompanyAutomobiles | 0.49% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 3.55% | 0.46% |
| VedantaDiversified Metals | 0.29% | 0.97% |
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.