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29 of 133 unique stocks in common · Jaccard: 21.8%
A weighted portfolio overlap of 22.56% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.56 is allocated to the exact same companies at the same relative proportions. The schemes share 29 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 6.40% in Kotak Large Cap Fund and 8.47% in NJ Balanced Advantage Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 6.40% | 8.47% |
| Bajaj FinanceFinance | 2.98% | 1.90% |
| HDFC BankBanks | 6.25% | 1.69% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 1.58% | 2.17% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.81% | 1.45% |
| InfosysIT - Software | 3.13% | 1.32% |
| Tech MahindraIT - Software | 1.21% | 1.52% |
| Tata Consultancy ServicesIT - Software | 1.63% | 1.20% |
| ITCDiversified FMCG | 1.52% | 1.17% |
| BoschAuto Components | 0.78% | 3.78% |
| Britannia IndustriesFood Products | 0.71% | 2.56% |
| State Bank of IndiaBanks | 4.20% | 0.57% |
| Hero MotoCorpAutomobiles | 0.50% | 3.17% |
| ICICI BankBanks | 6.98% | 0.44% |
| Axis BankBanks | 3.25% | 0.34% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.35% | 0.30% |
| MphasisIT - Software | 0.57% | 0.27% |
| Hindustan UnileverDiversified FMCG | 1.13% | 0.27% |
| Larsen & ToubroConstruction | 4.56% | 0.18% |
| Tata Motors Passenger VehiclesAutomobiles | 0.33% | 0.09% |
| Bharti AirtelTelecom - Services | 3.97% | 0.05% |
| HDFC Life Insurance CompanyInsurance | 0.71% | 0.03% |
| Tata SteelFerrous Metals | 2.26% | 0.03% |
| Samvardhana Motherson InternationalAuto Components | 1.08% | 0.02% |
| Hindustan AeronauticsAerospace & Defense | 0.23% | 0.01% |
| Mahindra & MahindraAutomobiles | 2.45% | 0.01% |
| Bharat Petroleum CorporationPetroleum Products | 1.20% | 0.00% |
| NTPCPower | 3.18% | 0.00% |
| Hindalco IndustriesNon - Ferrous Metals | 1.69% | 0.00% |
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.