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9 of 49 unique stocks in common · Jaccard: 18.4%
A weighted portfolio overlap of 42.66% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.66 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 ICICI Bank, which commands a weight of 14.86% in ICICI Prudential Nifty50 Value 20 Index Fund and 9.78% in Kotak Services 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 | 14.86% | 9.78% |
| State Bank of IndiaBanks | 9.82% | 9.11% |
| Axis BankBanks | 9.06% | 10.10% |
| InfosysIT - Software | 9.98% | 4.35% |
| Power Grid Corporation of IndiaPower | 3.23% | 7.66% |
| HCL TechnologiesIT - Software | 3.06% | 2.89% |
| Tech MahindraIT - Software | 2.31% | 2.40% |
| Tata Consultancy ServicesIT - Software | 5.66% | 1.24% |
| NTPCPower | 4.50% | 0.70% |
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.