Loading fund overlap…
6 of 103 unique stocks in common · Jaccard: 5.8%
A weighted portfolio overlap of 4.4% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.4 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Bharat Electronics, which commands a weight of 3.48% in ICICI Prudential PSU Equity Fund and 2.13% in Kotak Midcap Fund. Holding both schemes increases your concentration in Bharat Electronics 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 |
|---|---|---|
| Bharat ElectronicsAerospace & Defense | 3.48% | 2.13% |
| RECFinance | 1.98% | 0.69% |
| Bank of BarodaBanks | 0.67% | 0.70% |
| Indian BankBanks | 0.46% | 2.37% |
| Hindustan Petroleum CorporationPetroleum Products | 0.36% | 1.41% |
| Power Finance CorporationFinance | 0.10% | 1.64% |
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.