Loading fund overlap…
8 of 89 unique stocks in common · Jaccard: 9%
A weighted portfolio overlap of 12.84% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.84 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Hero MotoCorp, which commands a weight of 2.29% in Kotak ESG Exclusionary Strategy Fund and 4.79% in NJ Flexi Cap Fund. Holding both schemes increases your concentration in Hero MotoCorp 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 NJ |
|---|---|---|
| Hero MotoCorpAutomobiles | 2.29% | 4.79% |
| BoschAuto Components | 2.23% | 5.72% |
| InfosysIT - Software | 4.71% | 1.95% |
| Tata Consultancy ServicesIT - Software | 2.02% | 1.82% |
| Britannia IndustriesFood Products | 1.55% | 3.88% |
| Tech MahindraIT - Software | 1.41% | 2.30% |
| HCL TechnologiesIT - Software | 1.12% | 5.20% |
| Abbott IndiaPharmaceuticals & Biotechnology | 1.09% | 0.47% |
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.