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15 of 77 unique stocks in common · Jaccard: 19.5%
A weighted portfolio overlap of 32.01% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.01 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 11.75% in Kotak Banking and Financial Services Fund and 5.12% in Kotak Contra Fund. Holding both schemes increases your concentration in HDFC 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 Banking | in Kotak Contra |
|---|---|---|
| HDFC BankBanks | 11.75% | 5.12% |
| ICICI BankBanks | 11.21% | 4.79% |
| State Bank of IndiaBanks | 8.37% | 3.27% |
| Shriram FinanceFinance | 4.66% | 2.64% |
| Axis BankBanks | 8.08% | 2.18% |
| Bajaj FinanceFinance | 5.73% | 1.91% |
| Poonawalla FincorpFinance | 2.18% | 1.82% |
| The Jammu & Kashmir BankBanks | 2.02% | 1.53% |
| IndusInd BankBanks | 2.36% | 1.46% |
| Bank of MaharashtraBanks | 2.41% | 1.41% |
| Indian BankBanks | 1.46% | 1.31% |
| Piramal FinanceFinance | 1.30% | 1.36% |
| Aptus Value Housing Finance IndiaFinance | 1.62% | 1.29% |
| Bank of BarodaBanks | 1.99% | 1.07% |
| Power Finance CorporationFinance | 2.24% | 0.91% |
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.