Bandhan Contra Fund vs Kotak Contra Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
13.8%
Low overlap
Largely different portfolios.
10
Common stocks
22
Only in Bandhan Contra Fund
51
Only in Kotak Contra Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
10 common stocks
Bandhan Contra FundKotak Contra Fund| Stock | Bandhan Contra Fund | Kotak Contra Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 2.48% | 3.92% | 2.48% |
| Reliance Industries LtdEnergy | 2.24% | 2.74% | 2.24% |
| State Bank Of IndiaFinancial Services | 1.86% | 3.37% | 1.86% |
| ICICI Bank LtdFinancial Services | 1.70% | 6.16% | 1.70% |
| Sun Pharmaceutical Industries LtdHealthcare | 2.06% | 1.59% | 1.59% |
| NTPC LtdUtilities | 1.00% | 2.35% | 1.00% |
| Tech Mahindra LtdTechnology | 1.00% | 2.12% | 1.00% |
| Bharat Electronics LtdIndustrials | 0.99% | 1.51% | 0.99% |
| GE T&D India LtdIndustrials | 0.75% | 1.18% | 0.75% |
| Godrej Consumer Products LtdConsumer Staples | 0.15% | 0.95% | 0.15% |
| Total | 14.23% | 25.89% | 13.76% |
Only in Bandhan Contra Fund
22 stocks, 13.5% of the fund
- Grasim Industries LtdMaterials1.53%
- Zomato LtdConsumer Discretionary1.10%
- Indian Hotels Co. LtdConsumer Discretionary1.04%
- JSW Steel LtdMaterials0.99%
- Great Eastern Shipping Co. LtdTransportation & Logistics0.80%
- Bharat Heavy Electricals LtdIndustrials0.76%
- Life Insurance Corporation Of IndiaFinancial Services0.74%
- Kotak Mahindra Bank LtdFinancial Services0.73%
- Avenue Supermarts LtdConsumer Discretionary0.68%
- Vedanta Aluminium Metal LtdMaterials0.53%
Only in Kotak Contra Fund
51 stocks, 72.4% of the fund
- Shriram Finance LtdFinancial Services2.89%
- Hero Motocorp LtdConsumer Discretionary2.62%
- Larsen & Toubro LtdIndustrials2.54%
- Swiggy LtdConsumer Discretionary2.40%
- Bharti Airtel LtdCommunication Services2.36%
- Fortis Healthcare LtdHealthcare2.20%
- Mphasis LtdTechnology2.12%
- Maruti Suzuki India LtdConsumer Discretionary2.09%
- Poonawalla Fincorp LtdFinancial Services2.06%
- Infosys LtdTechnology1.97%
Check another pair
More Contra pairs
What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.