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33 of 72 unique stocks in common · Jaccard: 45.8%
A weighted portfolio overlap of 64.44% indicates a significant overlap (largely the same bets). This means that out of every ₹100 you invest across these two schemes, approximately ₹64.44 is allocated to the exact same companies at the same relative proportions. The schemes share 33 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 14.22% in ICICI Prudential PSU Equity Fund and 18.34% in Kotak BSE PSU 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 | 14.22% | 18.34% |
| NTPCPower | 8.61% | 8.41% |
| Power Grid Corporation of IndiaPower | 6.89% | 6.05% |
| Oil & Natural Gas CorporationOil | 5.36% | 4.75% |
| Hindustan AeronauticsAerospace & Defense | 4.78% | 3.69% |
| Bharat ElectronicsAerospace & Defense | 3.48% | 6.74% |
| Coal IndiaConsumable Fuels | 3.15% | 4.78% |
| Bharat Petroleum CorporationPetroleum Products | 2.49% | 2.66% |
| Indian Oil CorporationPetroleum Products | 3.20% | 2.36% |
| GAIL (India)Gas | 3.42% | 2.03% |
| RECFinance | 1.98% | 1.92% |
| Oil IndiaOil | 3.09% | 1.17% |
| NHPCPower | 2.63% | 1.12% |
| National Aluminium CompanyNon - Ferrous Metals | 0.99% | 1.75% |
| Life Insurance Corporation of IndiaInsurance | 4.71% | 0.95% |
| Bank of IndiaBanks | 1.54% | 0.79% |
| Container Corporation of IndiaTransport Services | 1.08% | 0.73% |
| Gujarat GasGas | 1.56% | 0.72% |
| Indian Railway Catering And Tourism CorporationLeisure Services | 2.79% | 0.71% |
| Bank of BarodaBanks | 0.67% | 2.29% |
| General Insurance Corporation of IndiaInsurance | 1.36% | 0.55% |
| NLC IndiaPower | 1.25% | 0.51% |
| Union Bank of IndiaBanks | 0.48% | 1.47% |
| Indian BankBanks | 0.46% | 1.34% |
| Hindustan Petroleum CorporationPetroleum Products | 0.36% | 1.72% |
| BEMLAgricultural, Commercial & Construction Vehicles | 0.81% | 0.30% |
| Engineers IndiaConstruction | 1.20% | 0.29% |
| Bharat Heavy ElectricalsElectrical Equipment | 0.28% | 2.46% |
| Chennai Petroleum CorporationPetroleum Products | 0.52% | 0.23% |
| NMDC SteelFerrous Metals | 0.36% | 0.23% |
| Central Bank of IndiaBanks | 1.08% | 0.14% |
| Mangalore Refinery and PetrochemicalsPetroleum Products | 0.28% | 0.12% |
| Power Finance CorporationFinance | 0.10% | 2.85% |
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.