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20 of 168 unique stocks in common · Jaccard: 11.9%
A weighted portfolio overlap of 19.22% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.22 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.30% in Kotak Multi Cap Fund and 6.64% in Nippon India Multi Cap Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 5.30% | 6.64% |
| NTPCPower | 2.22% | 1.73% |
| Larsen & ToubroConstruction | 1.58% | 1.79% |
| State Bank of IndiaBanks | 3.89% | 1.30% |
| ITCDiversified FMCG | 1.97% | 1.27% |
| SwiggyRetailing | 1.27% | 1.76% |
| EternalRetailing | 3.34% | 1.05% |
| Aditya Birla Sun Life AMCCapital Markets | 1.18% | 0.97% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.31% | 0.94% |
| PVR INOXEntertainment | 0.75% | 0.71% |
| Jubilant FoodworksLeisure Services | 0.62% | 1.63% |
| Interglobe AviationTransport Services | 1.20% | 0.46% |
| Billionbrains Garage VenturesCapital Markets | 0.54% | 0.38% |
| NLC IndiaPower | 1.65% | 0.35% |
| Whirlpool of IndiaConsumer Durables | 1.00% | 0.27% |
| Kajaria CeramicsConsumer Durables | 1.89% | 0.26% |
| Reliance IndustriesPetroleum Products | 0.25% | 1.72% |
| Kalpataru Projects InternationalConstruction | 1.04% | 0.21% |
| Indigo PaintsConsumer Durables | 0.40% | 0.19% |
| Piramal FinanceFinance | 0.97% | 0.11% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.