HDFC Large & Mid Cap Fund vs Kotak Large & Midcap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
37.0%
Moderate overlap
Some shared stocks, different bets.
36
Common stocks
64
Only in HDFC Large & Mid Cap Fund
31
Only in Kotak Large & Midcap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
36 common stocks
HDFC Large & Mid Cap FundKotak Large & Midcap Fund| Stock | HDFC Large & Mid Cap Fund | Kotak Large & Midcap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 3.43% | 4.28% | 3.43% |
| ICICI Bank LtdFinancial Services | 3.79% | 3.15% | 3.15% |
| Axis Bank LtdFinancial Services | 1.95% | 2.49% | 1.95% |
| Bharti Airtel LtdCommunication Services | 1.74% | 2.13% | 1.74% |
| State Bank Of IndiaFinancial Services | 1.47% | 4.10% | 1.47% |
| Reliance Industries LtdEnergy | 1.44% | 1.42% | 1.42% |
| Fortis Healthcare LtdHealthcare | 1.42% | 1.32% | 1.32% |
| Indusind Bank LtdFinancial Services | 1.26% | 1.57% | 1.26% |
| Mphasis LtdTechnology | 1.23% | 1.65% | 1.23% |
| Shriram Finance LtdFinancial Services | 1.18% | 1.89% | 1.18% |
| Zomato LtdConsumer Discretionary | 1.12% | 3.65% | 1.12% |
| Infosys LtdTechnology | 1.12% | 1.40% | 1.12% |
| Ajanta Pharma LtdHealthcare | 1.07% | 1.10% | 1.07% |
| Larsen & Toubro LtdIndustrials | 0.98% | 2.31% | 0.98% |
| Bharat Forge LtdConsumer Discretionary | 0.94% | 2.21% | 0.94% |
| Kotak Mahindra Bank LtdFinancial Services | 1.16% | 0.94% | 0.94% |
| Ipca Laboratories LtdHealthcare | 0.92% | 1.54% | 0.92% |
| Bajaj Finance LtdFinancial Services | 0.89% | 2.21% | 0.89% |
| Hindustan Petroleum Corporation LtdEnergy | 0.88% | 1.58% | 0.88% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.31% | 0.84% | 0.84% |
| Interglobe Aviation LtdTransportation & Logistics | 0.84% | 1.13% | 0.84% |
| Jindal Steel & Power LtdMaterials | 0.75% | 1.92% | 0.75% |
| NTPC LtdUtilities | 0.75% | 0.86% | 0.75% |
| Sun Pharmaceutical Industries LtdHealthcare | 0.73% | 1.96% | 0.73% |
| Bharat Electronics LtdIndustrials | 0.68% | 3.59% | 0.68% |
| Motilal Oswal Financial Services LtdFinancial Services | 0.64% | 1.74% | 0.64% |
| Ashok Leyland LtdIndustrials | 0.58% | 2.28% | 0.58% |
| Indian BankFinancial Services | 0.57% | 1.67% | 0.57% |
| Aster Dm Healthcare LtdHealthcare | 0.56% | 1.07% | 0.56% |
| SRF LtdMaterials | 0.52% | 1.39% | 0.52% |
| Swiggy LtdConsumer Discretionary | 0.45% | 1.13% | 0.45% |
| Hero Motocorp LtdConsumer Discretionary | 0.43% | 2.07% | 0.43% |
| Tech Mahindra LtdTechnology | 0.43% | 1.61% | 0.43% |
| Biocon LtdHealthcare | 0.41% | 1.66% | 0.41% |
| Apollo Tyres LtdConsumer Discretionary | 0.41% | 1.29% | 0.41% |
| Blue Star LtdConsumer Discretionary | 0.40% | 0.91% | 0.40% |
| Total | 38.45% | 68.06% | 37.00% |
Only in HDFC Large & Mid Cap Fund
64 stocks, 40.7% of the fund
- Prestige Estates Projects LtdReal Estate1.35%
- Max Financial Services LtdFinancial Services1.35%
- Gland Pharma LtdHealthcare1.33%
- Aurobindo Pharma LtdHealthcare1.22%
- Mahindra & Mahindra Financial Services LtdFinancial Services1.21%
- Lupin LtdHealthcare1.01%
- Coforge LtdTechnology0.91%
- Eicher Motors LtdConsumer Discretionary0.91%
- Glenmark Pharmaceuticals LtdHealthcare0.86%
- Balkrishna Industries LtdConsumer Discretionary0.85%
Only in Kotak Large & Midcap Fund
31 stocks, 29.6% of the fund
- BSE LtdFinancial Services2.03%
- Coromandel International LtdAgriculture1.89%
- Linde India LtdMaterials1.88%
- Piramal Finance LtdFinancial Services1.66%
- Cummins India LtdIndustrials1.42%
- Dalmia Bharat LtdMaterials1.28%
- Ultratech Cement LtdMaterials1.24%
- Astra Microwave Products LtdIndustrials1.19%
- ABB India LtdIndustrials1.18%
- Poonawalla Fincorp LtdFinancial Services1.16%
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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.