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14 of 103 unique stocks in common · Jaccard: 13.6%
A weighted portfolio overlap of 15.36% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.36 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 2.50% in Kotak ELSS Tax Saver Fund and 2.04% in Kotak Midcap Fund. Holding both schemes increases your concentration in Eternal 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 ELSS | in Kotak Midcap |
|---|---|---|
| EternalRetailing | 2.50% | 2.04% |
| Solar Industries IndiaChemicals & Petrochemicals | 1.82% | 2.55% |
| Dixon Technologies (India)Consumer Durables | 1.72% | 2.10% |
| MphasisIT - Software | 1.70% | 2.79% |
| Hindustan Petroleum CorporationPetroleum Products | 2.45% | 1.41% |
| Piramal FinanceFinance | 1.52% | 1.18% |
| VoltasConsumer Durables | 1.03% | 1.00% |
| Jindal SteelFerrous Metals | 2.01% | 0.96% |
| SRFChemicals & Petrochemicals | 0.90% | 1.70% |
| Bank of BarodaBanks | 1.69% | 0.70% |
| Poonawalla FincorpFinance | 0.70% | 1.16% |
| Lenskart SolutionsRetailing | 1.27% | 0.65% |
| United SpiritsBeverages | 0.95% | 0.35% |
| SwiggyRetailing | 0.23% | 1.65% |
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.