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11 of 72 unique stocks in common · Jaccard: 15.3%
A weighted portfolio overlap of 29.14% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.14 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 4.19% in ICICI Prudential Nifty 100 Low Volatility 30 ETF and 7.42% in Kotak ELSS Tax Saver Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 4.19% | 7.42% |
| ICICI BankBanks | 3.86% | 4.80% |
| Bharti AirtelTelecom - Services | 3.41% | 3.69% |
| State Bank of IndiaBanks | 3.08% | 5.05% |
| Larsen & ToubroConstruction | 3.66% | 2.71% |
| Britannia IndustriesFood Products | 3.12% | 2.46% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.40% | 2.24% |
| BoschAuto Components | 3.31% | 2.13% |
| Ultratech CementCement & Cement Products | 3.91% | 1.81% |
| Reliance IndustriesPetroleum Products | 2.95% | 1.80% |
| Kotak Mahindra BankBanks | 3.27% | 1.44% |
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.