Loading fund overlap…
10 of 101 unique stocks in common · Jaccard: 9.9%
A weighted portfolio overlap of 17.72% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.72 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 9.78% in Kotak Services Fund and 5.47% in Nippon India Value 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% | 5.47% |
| InfosysIT - Software | 4.35% | 3.21% |
| Bharti AirtelTelecom - Services | 8.10% | 2.84% |
| HDFC BankBanks | 1.92% | 5.94% |
| State Bank of IndiaBanks | 9.11% | 1.84% |
| Tech MahindraIT - Software | 2.40% | 0.82% |
| NTPCPower | 0.70% | 3.35% |
| Axis BankBanks | 10.10% | 0.64% |
| Equitas Small Finance BankBanks | 0.15% | 0.89% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.13% | 1.02% |
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.