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20 of 89 unique stocks in common · Jaccard: 22.5%
A weighted portfolio overlap of 40.39% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.39 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.12% in Kotak Contra Fund and 10.53% in UTI Nifty 50 ETF. 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 | in UTI |
|---|---|---|
| HDFC BankBanks | 5.12% | 10.53% |
| ICICI BankBanks | 4.79% | 8.30% |
| State Bank of IndiaBanks | 3.27% | 3.70% |
| Reliance IndustriesPetroleum Products | 3.02% | 8.25% |
| Larsen & ToubroConstruction | 2.73% | 4.42% |
| Bharti AirtelTelecom - Services | 2.54% | 5.19% |
| Axis BankBanks | 2.18% | 3.41% |
| Bajaj FinanceFinance | 1.91% | 2.25% |
| InfosysIT - Software | 1.78% | 3.76% |
| NTPCPower | 2.96% | 1.70% |
| Maruti Suzuki IndiaAutomobiles | 2.16% | 1.59% |
| Bharat ElectronicsAerospace & Defense | 1.60% | 1.36% |
| Hindalco IndustriesNon - Ferrous Metals | 1.30% | 1.51% |
| Ultratech CementCement & Cement Products | 1.95% | 1.26% |
| Tata SteelFerrous Metals | 1.25% | 1.59% |
| Shriram FinanceFinance | 2.64% | 1.23% |
| Coal IndiaConsumable Fuels | 1.26% | 0.96% |
| InterGlobe AviationTransport Services | 1.17% | 0.92% |
| Tech MahindraIT - Software | 1.95% | 0.87% |
| ITCDiversified FMCG | 0.61% | 2.56% |
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.