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9 of 94 unique stocks in common · Jaccard: 9.6%
A weighted portfolio overlap of 18.25% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.25 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 5.05% in Kotak ELSS Tax Saver Fund and 8.15% in Nippon India ETF Nifty Dividend Opportunities 50. Holding both schemes increases your concentration in State Bank of India 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 Nippon |
|---|---|---|
| State Bank of IndiaBanks | 5.05% | 8.15% |
| NTPCPower | 3.34% | 4.43% |
| Tech MahindraIT - Software | 2.96% | 2.06% |
| Hero MotoCorpAutomobiles | 2.44% | 1.52% |
| Power Grid Corporation of IndiaPower | 1.50% | 3.53% |
| Bharat Petroleum CorporationPetroleum Products | 1.98% | 1.49% |
| Britannia IndustriesFood Products | 2.46% | 1.45% |
| Bank of BarodaBanks | 1.69% | 1.35% |
| MphasisIT - Software | 1.70% | 0.49% |
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.