HDFC Flexi Cap Fund vs Kotak Flexicap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
40.4%
Moderate overlap
Some shared stocks, different bets.
20
Common stocks
58
Only in HDFC Flexi Cap Fund
37
Only in Kotak Flexicap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
20 common stocks
HDFC Flexi Cap FundKotak Flexicap Fund| Stock | HDFC Flexi Cap Fund | Kotak Flexicap Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 9.19% | 5.67% | 5.67% |
| HDFC Bank LtdFinancial Services | 5.71% | 4.97% | 4.97% |
| State Bank Of IndiaFinancial Services | 4.16% | 4.47% | 4.16% |
| Axis Bank LtdFinancial Services | 6.19% | 3.69% | 3.69% |
| Zomato LtdConsumer Discretionary | 3.39% | 4.07% | 3.39% |
| Larsen & Toubro LtdIndustrials | 3.16% | 3.73% | 3.16% |
| Bharti Airtel LtdCommunication Services | 2.58% | 2.80% | 2.58% |
| Interglobe Aviation LtdTransportation & Logistics | 2.98% | 2.51% | 2.51% |
| Maruti Suzuki India LtdConsumer Discretionary | 2.74% | 1.92% | 1.92% |
| Reliance Industries LtdEnergy | 1.44% | 2.26% | 1.44% |
| Kotak Mahindra Bank LtdFinancial Services | 3.27% | 1.38% | 1.38% |
| Power Grid Corporation Of India LtdUtilities | 2.04% | 0.93% | 0.93% |
| Ultratech Cement LtdMaterials | 0.87% | 2.79% | 0.87% |
| Cipla LtdHealthcare | 2.47% | 0.87% | 0.87% |
| Lenskart Solutions LtdConsumer Discretionary | 0.70% | 0.70% | 0.70% |
| Bharat Electronics LtdIndustrials | 0.62% | 5.40% | 0.62% |
| Infosys LtdTechnology | 0.54% | 1.72% | 0.54% |
| BSE LtdFinancial Services | 0.45% | 1.80% | 0.45% |
| The Ramco Cements LtdMaterials | 0.31% | 1.20% | 0.31% |
| Swiggy LtdConsumer Discretionary | 0.27% | 0.19% | 0.19% |
| Total | 53.08% | 53.07% | 40.35% |
Only in HDFC Flexi Cap Fund
58 stocks, 41.8% of the fund
- SBI Life Insurance Company LtdFinancial Services3.19%
- HCL Technologies LtdTechnology2.48%
- Eicher Motors LtdConsumer Discretionary2.44%
- Hyundai Motor India LtdConsumer Discretionary1.75%
- Divi'S Laboratories LtdHealthcare1.58%
- PB Fintech LtdTechnology1.52%
- Max Healthcare Institute LtdHealthcare1.49%
- JSW Steel LtdMaterials1.45%
- Piramal Pharma LtdHealthcare1.44%
- Persistent Systems LtdTechnology1.34%
Only in Kotak Flexicap Fund
37 stocks, 45.5% of the fund
- Jindal Steel & Power LtdMaterials4.02%
- Solar Industries India LtdMaterials3.57%
- SRF LtdMaterials2.82%
- Bharat Forge LtdConsumer Discretionary2.46%
- Zydus Lifesciences LtdHealthcare2.14%
- Sun Pharmaceutical Industries LtdHealthcare2.11%
- Bajaj Finance LtdFinancial Services2.06%
- Hero Motocorp LtdConsumer Discretionary1.93%
- AU Small Finance Bank LtdFinancial Services1.71%
- Thermax LtdIndustrials1.50%
Check another pair
More Flexi Cap pairs
- Parag Parikh Flexi Cap Fund vs HDFC Flexi Cap Fund
- Parag Parikh Flexi Cap Fund vs Kotak Flexicap Fund
- Parag Parikh Flexi Cap Fund vs Aditya Birla Sun Life Flexi Cap Fund
- Parag Parikh Flexi Cap Fund vs ICICI Prudential Flexicap Fund
- HDFC Flexi Cap Fund vs Aditya Birla Sun Life Flexi Cap Fund
- HDFC Flexi Cap Fund vs ICICI Prudential Flexicap Fund
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.