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15 of 87 unique stocks in common · Jaccard: 17.2%
A weighted portfolio overlap of 22.72% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.72 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 2.76% in Kotak Multicap Fund and 4.52% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in State Bank of India 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 SBI |
|---|---|---|
| State Bank of IndiaBanks | 2.76% | 4.52% |
| ITCDiversified FMCG | 2.53% | 3.12% |
| Bharti AirtelTelecom - Services | 2.16% | 5.89% |
| NTPCPower | 2.91% | 2.07% |
| EternalRetailing | 2.24% | 2.02% |
| Maruti Suzuki IndiaAutomobiles | 4.35% | 1.95% |
| Larsen & ToubroConstruction | 1.86% | 5.38% |
| Hindustan UnileverDiversified FMCG | 1.16% | 2.16% |
| InterGlobe AviationTransport Services | 1.17% | 1.11% |
| InfosysIT - Software | 1.08% | 4.56% |
| Tech MahindraIT - Software | 1.19% | 1.07% |
| Tata Consultancy ServicesIT - Software | 1.02% | 2.58% |
| Tata SteelFerrous Metals | 0.75% | 1.94% |
| Ultratech CementCement & Cement Products | 0.63% | 1.52% |
| Reliance IndustriesPetroleum Products | 0.55% | 10.08% |
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.