Loading fund overlap…
17 of 121 unique stocks in common · Jaccard: 14%
A weighted portfolio overlap of 27.04% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.04 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.96% in Kotak Business Cycle Fund and 4.67% in Nippon India Flexi Cap 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 | 7.96% | 4.67% |
| Axis BankBanks | 4.19% | 3.32% |
| HDFC BankBanks | 2.64% | 6.53% |
| Ultratech CementCement & Cement Products | 1.90% | 1.92% |
| InfosysIT - Software | 1.77% | 3.28% |
| SBI Life Insurance CompanyInsurance | 1.94% | 1.77% |
| Mahindra & MahindraAutomobiles | 2.09% | 1.67% |
| Reliance IndustriesPetroleum Products | 1.50% | 3.41% |
| Maruti Suzuki IndiaAutomobiles | 2.50% | 1.46% |
| NTPCPower | 1.36% | 2.30% |
| Mankind PharmaPharmaceuticals & Biotechnology | 1.53% | 1.10% |
| Godrej Consumer ProductsPersonal Products | 2.14% | 0.96% |
| ITCDiversified FMCG | 0.82% | 1.25% |
| Bharti HexacomTelecom - Services | 3.01% | 0.77% |
| Tech MahindraIT - Software | 0.76% | 1.13% |
| Vijaya Diagnostic CentreHealthcare Services | 3.08% | 0.49% |
| Happy ForgingsIndustrial Products | 1.29% | 0.08% |
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.