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20 of 58 unique stocks in common · Jaccard: 34.5%
A weighted portfolio overlap of 46.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.88 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 5.13% in Kotak Dividend Yield Fund and 12.80% in SBI BSE Sensex 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 SBI |
|---|---|---|
| HDFC BankBanks | 5.13% | 12.80% |
| ICICI BankBanks | 5.07% | 10.14% |
| Reliance IndustriesPetroleum Products | 3.49% | 10.08% |
| Larsen & ToubroConstruction | 3.29% | 5.38% |
| Bharti AirtelTelecom - Services | 3.26% | 5.89% |
| State Bank of IndiaBanks | 3.02% | 4.52% |
| Axis BankBanks | 2.27% | 4.15% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.56% | 2.19% |
| NTPCPower | 3.15% | 2.07% |
| Maruti Suzuki IndiaAutomobiles | 2.17% | 1.95% |
| Tata SteelFerrous Metals | 2.04% | 1.94% |
| Titan CompanyConsumer Durables | 1.79% | 1.88% |
| InfosysIT - Software | 1.69% | 4.56% |
| Bharat ElectronicsAerospace & Defense | 1.79% | 1.66% |
| Tata Consultancy ServicesIT - Software | 1.56% | 2.58% |
| Ultratech CementCement & Cement Products | 2.11% | 1.52% |
| Power Grid Corporation of IndiaPower | 1.91% | 1.49% |
| Bajaj FinanceFinance | 1.31% | 2.73% |
| Mahindra & MahindraAutomobiles | 1.11% | 3.07% |
| Tech MahindraIT - Software | 1.36% | 1.07% |
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.