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17 of 110 unique stocks in common · Jaccard: 15.5%
A weighted portfolio overlap of 21.83% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.83 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 ICICI Bank, which commands a weight of 9.78% in Kotak Services Fund and 4.67% in Nippon India Flexi Cap Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 9.78% | 4.67% |
| Axis BankBanks | 10.10% | 3.32% |
| InfosysIT - Software | 4.35% | 3.28% |
| HDFC BankBanks | 1.92% | 6.53% |
| State Bank of IndiaBanks | 9.11% | 1.85% |
| Tech MahindraIT - Software | 2.40% | 1.13% |
| Bharti AirtelTelecom - Services | 8.10% | 1.07% |
| Aditya Birla Sun Life AMCCapital Markets | 1.26% | 0.98% |
| DelhiveryTransport Services | 1.10% | 0.84% |
| NTPCPower | 0.70% | 2.30% |
| The Indian Hotels CompanyLeisure Services | 0.49% | 0.90% |
| Bank of BarodaBanks | 0.88% | 0.41% |
| HDFC Asset Management CompanyCapital Markets | 0.62% | 0.34% |
| InterGlobe AviationTransport Services | 0.30% | 0.57% |
| Container Corporation of IndiaTransport Services | 0.25% | 0.68% |
| Equitas Small Finance BankBanks | 0.15% | 0.32% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.13% | 0.48% |
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.