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5 of 61 unique stocks in common · Jaccard: 8.2%
A weighted portfolio overlap of 0.12% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹0.12 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 0.08% in Kotak Arbitrage Fund and 3.35% in Lic Mf Arbitrage Fund. Holding both schemes increases your concentration in Axis 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 Kotak | in Lic |
|---|---|---|
| Axis BankBanks | 0.08% | 3.35% |
| Hindustan Petroleum CorporationPetroleum Products | 0.01% | 0.17% |
| State Bank of IndiaBanks | 0.01% | 6.87% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.01% | 0.16% |
| Tata SteelFerrous Metals | 0.01% | 4.86% |
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.