Loading fund overlap…
9 of 138 unique stocks in common · Jaccard: 6.5%
A weighted portfolio overlap of 8.33% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.33 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 Schaeffler India, which commands a weight of 1.61% in ICICI Prudential Manufacturing Fund and 1.92% in Kotak Midcap Fund. Holding both schemes increases your concentration in Schaeffler 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 |
|---|---|---|
| Schaeffler IndiaAuto Components | 1.61% | 1.92% |
| PI IndustriesFertilizers & Agrochemicals | 2.02% | 1.33% |
| Bharat ForgeAuto Components | 2.14% | 1.28% |
| Blue StarConsumer Durables | 1.23% | 1.30% |
| JK CementCement & Cement Products | 0.91% | 1.94% |
| Ratnamani Metals & TubesIndustrial Products | 0.73% | 0.75% |
| Coromandel InternationalFertilizers & Agrochemicals | 0.65% | 1.55% |
| United SpiritsBeverages | 0.44% | 0.35% |
| Techno Electric & Engineering CompanyConstruction | 0.25% | 0.42% |
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.