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21 of 96 unique stocks in common · Jaccard: 21.9%
A weighted portfolio overlap of 25.7% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.7 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 3.34% in Kotak ELSS Tax Saver Fund and 3.28% in Kotak Multi Asset Allocation Fund. Holding both schemes increases your concentration in NTPC 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 Multi |
|---|---|---|
| NTPCPower | 3.34% | 3.28% |
| State Bank of IndiaBanks | 5.05% | 3.24% |
| Hero MotoCorpAutomobiles | 2.44% | 2.28% |
| HDFC BankBanks | 7.42% | 1.94% |
| Bank of BarodaBanks | 1.69% | 1.54% |
| EternalRetailing | 2.50% | 1.50% |
| Reliance IndustriesPetroleum Products | 1.80% | 1.45% |
| Bharti AirtelTelecom - Services | 3.69% | 1.44% |
| ICICI BankBanks | 4.80% | 1.41% |
| Tech MahindraIT - Software | 2.96% | 1.30% |
| Park Medi World Limited (Park Hospital)Healthcare Services | 1.25% | 1.87% |
| Indus TowersTelecom - Services | 1.03% | 2.71% |
| Poonawalla FincorpFinance | 0.70% | 1.19% |
| Piramal FinanceFinance | 1.52% | 0.58% |
| Dee Development EngineeersIndustrial Manufacturing | 1.68% | 0.57% |
| Kotak Mahindra BankBanks | 1.44% | 0.55% |
| InterGlobe AviationTransport Services | 1.65% | 0.38% |
| Billionbrains Garage VenturesCapital Markets | 1.07% | 0.35% |
| Sun TV NetworkEntertainment | 0.50% | 0.35% |
| MphasisIT - Software | 1.70% | 0.33% |
| SwiggyRetailing | 0.23% | 0.84% |
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.