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10 of 115 unique stocks in common · Jaccard: 8.7%
A weighted portfolio overlap of 19.04% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.04 is allocated to the exact same companies at the same relative proportions. The schemes share 10 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 8.94% in SBI ELSS Tax Saver 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 | 7.96% | 8.94% |
| HDFC BankBanks | 2.64% | 2.91% |
| Axis BankBanks | 4.19% | 1.86% |
| Reliance IndustriesPetroleum Products | 1.50% | 4.81% |
| InfosysIT - Software | 1.77% | 1.00% |
| Mahindra Lifespace DevelopersRealty | 1.13% | 0.96% |
| Hexaware TechnologiesIT - Software | 1.11% | 0.89% |
| Mahindra & MahindraAutomobiles | 2.09% | 0.80% |
| Tech MahindraIT - Software | 0.76% | 1.81% |
| Godrej Consumer ProductsPersonal Products | 2.14% | 0.67% |
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.