Loading fund overlap…
11 of 112 unique stocks in common · Jaccard: 9.8%
A weighted portfolio overlap of 11.01% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.01 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Mphasis, which commands a weight of 2.79% in Kotak Midcap Fund and 1.50% in UTI ELSS Tax Saver Fund. Holding both schemes increases your concentration in Mphasis 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 UTI |
|---|---|---|
| MphasisIT - Software | 2.79% | 1.50% |
| Cholamandalam Investment and Finance CompanyFinance | 1.66% | 1.36% |
| Bharat ElectronicsAerospace & Defense | 2.13% | 1.27% |
| ICICI Lombard General Insurance CompanyInsurance | 1.18% | 1.50% |
| EternalRetailing | 2.04% | 1.11% |
| Aster DM HealthcareHealthcare Services | 0.89% | 1.66% |
| The Federal BankBanks | 2.14% | 0.89% |
| SwiggyRetailing | 1.65% | 0.76% |
| PI IndustriesFertilizers & Agrochemicals | 1.33% | 0.71% |
| Bank of BarodaBanks | 0.70% | 0.81% |
| Dalmia BharatCement & Cement Products | 1.25% | 0.64% |
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.