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12 of 84 unique stocks in common · Jaccard: 14.3%
A weighted portfolio overlap of 27.48% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹27.48 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.78% in Kotak Services Fund and 6.47% in Nippon India Large 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% | 6.47% |
| State Bank of IndiaBanks | 9.11% | 6.04% |
| Axis BankBanks | 10.10% | 4.46% |
| InfosysIT - Software | 4.35% | 3.32% |
| HDFC BankBanks | 1.92% | 9.31% |
| HCL TechnologiesIT - Software | 2.89% | 1.88% |
| Bharti AirtelTelecom - Services | 8.10% | 0.73% |
| NTPCPower | 0.70% | 2.99% |
| HDFC Asset Management CompanyCapital Markets | 0.62% | 1.04% |
| The Indian Hotels CompanyLeisure Services | 0.49% | 1.77% |
| EternalRetailing | 0.44% | 1.71% |
| Tech MahindraIT - Software | 2.40% | 0.41% |
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.