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4 of 114 unique stocks in common · Jaccard: 3.5%
A weighted portfolio overlap of 2.42% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹2.42 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is PI Industries, which commands a weight of 1.21% in ICICI Prudential MNC Fund and 1.33% in Kotak Midcap Fund. Holding both schemes increases your concentration in PI Industries 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 |
|---|---|---|
| PI IndustriesFertilizers & Agrochemicals | 1.21% | 1.33% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 2.93% | 0.81% |
| United SpiritsBeverages | 1.92% | 0.35% |
| Schaeffler IndiaAuto Components | 0.05% | 1.92% |
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.