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5 of 103 unique stocks in common · Jaccard: 4.9%
A weighted portfolio overlap of 1.65% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹1.65 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is Bank of Baroda, which commands a weight of 0.70% in Kotak Midcap Fund and 7.61% in NJ Arbitrage Fund. Holding both schemes increases your concentration in Bank of Baroda 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 |
|---|---|---|
| Bank of BarodaBanks | 0.70% | 7.61% |
| SRFChemicals & Petrochemicals | 1.70% | 0.53% |
| United SpiritsBeverages | 0.35% | 4.28% |
| Bharat ElectronicsAerospace & Defense | 2.13% | 0.04% |
| Solar Industries IndiaChemicals & Petrochemicals | 2.55% | 0.04% |
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.