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25 of 178 unique stocks in common · Jaccard: 14%
A weighted portfolio overlap of 9.97% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.97 is allocated to the exact same companies at the same relative proportions. The schemes share 25 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 1.59% in SBI Multi Asset Allocation 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 SBI |
|---|---|---|
| ICICI BankBanks | 3.79% | 1.59% |
| Reliance IndustriesPetroleum Products | 3.56% | 1.24% |
| Kotak Mahindra BankBanks | 1.12% | 1.41% |
| HDFC BankBanks | 2.97% | 1.08% |
| ITCDiversified FMCG | 0.90% | 0.60% |
| Coromandel InternationalFertilizers & Agrochemicals | 0.72% | 0.58% |
| Axis BankBanks | 1.37% | 0.56% |
| Indus TowersTelecom - Services | 0.51% | 1.98% |
| State Bank of IndiaBanks | 3.43% | 0.50% |
| Mahindra Lifespace DevelopersRealty | 0.40% | 0.65% |
| Tech MahindraIT - Software | 0.74% | 0.38% |
| Oil & Natural Gas CorporationOil | 0.35% | 1.67% |
| Samvardhana Motherson InternationalAuto Components | 0.32% | 0.96% |
| Bharti AirtelTelecom - Services | 2.28% | 0.16% |
| InterGlobe AviationTransport Services | 1.16% | 0.12% |
| United SpiritsBeverages | 0.56% | 0.12% |
| Bank of BarodaBanks | 0.11% | 0.57% |
| Punjab National BankBanks | 0.08% | 1.22% |
| InfosysIT - Software | 0.05% | 0.22% |
| Jubilant FoodworksLeisure Services | 0.03% | 0.15% |
| Tata SteelFerrous Metals | 0.03% | 0.22% |
| BioconPharmaceuticals & Biotechnology | 0.01% | 1.86% |
| GAIL (India)Gas | 0.01% | 2.10% |
| Steel Authority of IndiaFerrous Metals | 0.01% | 0.69% |
| UPLFertilizers & Agrochemicals | 0.01% | 1.15% |
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.