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4 of 86 unique stocks in common · Jaccard: 4.7%
A weighted portfolio overlap of 6.43% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.43 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is The Federal Bank, which commands a weight of 2.14% in Kotak Midcap Fund and 4.14% in Nippon India Banking & Financial Services Fund. Holding both schemes increases your concentration in The Federal 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 |
|---|---|---|
| The Federal BankBanks | 2.14% | 4.14% |
| Power Finance CorporationFinance | 1.64% | 2.29% |
| Max Financial ServicesInsurance | 1.47% | 2.39% |
| ICICI Lombard General Insurance CompanyInsurance | 1.18% | 1.67% |
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.