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9 of 114 unique stocks in common · Jaccard: 7.9%
A weighted portfolio overlap of 8.56% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.56 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Power Finance Corporation, which commands a weight of 1.64% in Kotak Midcap Fund and 2.37% in Nippon India ELSS Tax Saver Fund. Holding both schemes increases your concentration in Power Finance Corporation 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 |
|---|---|---|
| Power Finance CorporationFinance | 1.64% | 2.37% |
| Max Financial ServicesInsurance | 1.47% | 1.42% |
| EternalRetailing | 2.04% | 1.35% |
| ICICI Lombard General Insurance CompanyInsurance | 1.18% | 1.72% |
| Jindal SteelFerrous Metals | 0.96% | 1.65% |
| RECFinance | 0.69% | 1.70% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.57% | 0.50% |
| BSECapital Markets | 1.39% | 0.47% |
| United SpiritsBeverages | 0.35% | 1.34% |
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.