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16 of 123 unique stocks in common · Jaccard: 13%
A weighted portfolio overlap of 17.93% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.93 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is Bank of Maharashtra, which commands a weight of 2.79% in JM Mid cap Fund and 2.09% in Kotak Mid Cap Fund. Holding both schemes increases your concentration in Bank of Maharashtra 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 JM | in Kotak |
|---|---|---|
| Bank of MaharashtraBanks | 2.79% | 2.09% |
| MphasisIT - Software | 1.80% | 2.70% |
| Dixon Technologies (India)Consumer Durables | 1.59% | 2.60% |
| SRFChemicals & Petrochemicals | 1.60% | 1.46% |
| Billionbrains Garage VenturesCapital Markets | 1.41% | 1.32% |
| Poonawalla FincorpFinance | 1.92% | 1.28% |
| Bharat ForgeAuto Components | 2.50% | 1.25% |
| Piramal FinanceFinance | 1.20% | 1.28% |
| Apar IndustriesElectrical Equipment | 1.15% | 1.45% |
| JK CementCement & Cement Products | 1.75% | 1.03% |
| Lenskart SolutionsRetailing | 1.36% | 0.95% |
| Hindustan Petroleum CorporationPetroleum Products | 0.74% | 1.19% |
| Apollo TyresAuto Components | 0.73% | 0.68% |
| BSECapital Markets | 0.72% | 0.58% |
| SwiggyRetailing | 0.41% | 1.64% |
| Coromandel InternationalFertilizers & Agrochemicals | 0.40% | 1.53% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.