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23 of 176 unique stocks in common · Jaccard: 13.1%
A weighted portfolio overlap of 8.25% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.25 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is Bharat Electronics, which commands a weight of 2.13% in Kotak Midcap Fund and 1.38% in Nippon India Arbitrage Fund. Holding both schemes increases your concentration in Bharat Electronics 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 |
|---|---|---|
| Bharat ElectronicsAerospace & Defense | 2.13% | 1.38% |
| Power Finance CorporationFinance | 1.64% | 0.96% |
| Dixon Technologies (India)Consumer Durables | 2.10% | 0.81% |
| Bank of BarodaBanks | 0.70% | 2.32% |
| RECFinance | 0.69% | 0.52% |
| The Federal BankBanks | 2.14% | 0.49% |
| BirlasoftIT - Software | 0.91% | 0.48% |
| Jindal SteelFerrous Metals | 0.96% | 0.44% |
| Max Financial ServicesInsurance | 1.47% | 0.41% |
| L&T FinanceFinance | 2.27% | 0.39% |
| United SpiritsBeverages | 0.35% | 0.60% |
| PI IndustriesFertilizers & Agrochemicals | 1.33% | 0.31% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.57% | 0.23% |
| Oracle Financial Services SoftwareIT - Software | 1.99% | 0.15% |
| Deepak NitriteChemicals & Petrochemicals | 1.06% | 0.14% |
| Hindustan Petroleum CorporationPetroleum Products | 1.41% | 0.09% |
| MphasisIT - Software | 2.79% | 0.09% |
| Bharat ForgeAuto Components | 1.28% | 0.08% |
| ICICI Lombard General Insurance CompanyInsurance | 1.18% | 0.07% |
| Dalmia BharatCement & Cement Products | 1.25% | 0.06% |
| SRFChemicals & Petrochemicals | 1.70% | 0.05% |
| Oberoi RealtyRealty | 2.10% | 0.03% |
| Persistent SystemsIT - Software | 1.62% | 0.02% |
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.