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17 of 158 unique stocks in common · Jaccard: 10.8%
A weighted portfolio overlap of 19.14% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.14 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.90% in Kotak Multicap Fund and 6.08% 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 | 3.90% | 6.08% |
| State Bank of IndiaBanks | 3.23% | 2.49% |
| NTPCPower | 2.46% | 2.20% |
| ITCDiversified FMCG | 2.26% | 1.92% |
| Larsen & ToubroConstruction | 1.61% | 2.24% |
| EternalRetailing | 2.89% | 1.33% |
| Aditya Birla Sun Life AMCCapital Markets | 1.18% | 0.98% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.28% | 0.76% |
| PVR INOXEntertainment | 0.71% | 1.47% |
| Power Finance CorporationFinance | 2.91% | 0.63% |
| Jubilant FoodworksLeisure Services | 0.57% | 0.91% |
| Amara Raja Energy & MobilityAuto Components | 0.54% | 0.66% |
| NLC IndiaPower | 1.92% | 0.40% |
| Whirlpool of IndiaConsumer Durables | 0.91% | 0.39% |
| Dalmia BharatCement & Cement Products | 0.91% | 0.28% |
| Reliance IndustriesPetroleum Products | 0.27% | 2.79% |
| Kalpataru Projects InternationalConstruction | 1.00% | 0.16% |
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 Jul 2026). Equity holdings only, ISIN-verified. Not investment advice.