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14 of 96 unique stocks in common · Jaccard: 14.6%
A weighted portfolio overlap of 32.81% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.81 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 HDFC Bank, which commands a weight of 7.42% in Kotak ELSS Tax Saver Fund and 6.15% in Nippon India Retirement Fund - Wealth Creation Scheme. 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 Nippon |
|---|---|---|
| HDFC BankBanks | 7.42% | 6.15% |
| ICICI BankBanks | 4.80% | 7.44% |
| Larsen & ToubroConstruction | 2.71% | 3.20% |
| State Bank of IndiaBanks | 5.05% | 2.67% |
| NTPCPower | 3.34% | 2.47% |
| EternalRetailing | 2.50% | 2.19% |
| Axis BankBanks | 2.14% | 3.63% |
| BoschAuto Components | 2.13% | 3.61% |
| Reliance IndustriesPetroleum Products | 1.80% | 6.64% |
| Dixon Technologies (India)Consumer Durables | 1.72% | 1.89% |
| Ultratech CementCement & Cement Products | 1.81% | 1.45% |
| VoltasConsumer Durables | 1.03% | 1.07% |
| Indus TowersTelecom - Services | 1.03% | 0.98% |
| LupinPharmaceuticals & Biotechnology | 0.57% | 0.69% |
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.