Loading fund overlap…
8 of 149 unique stocks in common · Jaccard: 5.4%
A weighted portfolio overlap of 13.34% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.34 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.79% in Kotak Balanced Advantage Fund and 16.43% in Nippon India Banking & Financial 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 Kotak | in Nippon |
|---|---|---|
| ICICI BankBanks | 3.79% | 16.43% |
| State Bank of IndiaBanks | 3.43% | 6.20% |
| HDFC BankBanks | 2.97% | 18.28% |
| Axis BankBanks | 1.37% | 9.34% |
| ICICI Lombard General Insurance CompanyInsurance | 0.64% | 1.67% |
| Power Finance CorporationFinance | 0.59% | 2.29% |
| One 97 CommunicationsFinancial Technology (Fintech) | 0.72% | 0.44% |
| CreditAccess GrameenFinance | 0.11% | 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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.