HDFC Mid-Cap Fund vs Kotak Midcap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
29.4%
Moderate overlap
Some shared stocks, different bets.
23
Common stocks
56
Only in HDFC Mid-Cap Fund
45
Only in Kotak Midcap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
23 common stocks
HDFC Mid-Cap FundKotak Midcap Fund| Stock | HDFC Mid-Cap Fund | Kotak Midcap Fund | Overlap |
|---|---|---|---|
| Ipca Laboratories LtdHealthcare | 3.30% | 3.42% | 3.30% |
| Federal Bank LtdFinancial Services | 4.21% | 2.76% | 2.76% |
| Fortis Healthcare LtdHealthcare | 2.69% | 3.58% | 2.69% |
| Indian BankFinancial Services | 3.06% | 2.34% | 2.34% |
| Vishal Mega Mart LtdConsumer Discretionary | 2.31% | 3.11% | 2.31% |
| Mphasis LtdTechnology | 1.61% | 2.70% | 1.61% |
| Persistent Systems LtdTechnology | 1.78% | 1.59% | 1.59% |
| Zomato LtdConsumer Discretionary | 1.30% | 1.65% | 1.30% |
| Max Financial Services LtdFinancial Services | 3.79% | 1.26% | 1.26% |
| Bharat Forge LtdConsumer Discretionary | 1.25% | 1.25% | 1.25% |
| Hindustan Petroleum Corporation LtdEnergy | 2.05% | 1.19% | 1.19% |
| Nippon Life India Asset Management LtdFinancial Services | 1.08% | 1.56% | 1.08% |
| Coromandel International LtdAgriculture | 1.08% | 1.53% | 1.08% |
| Jindal Steel & Power LtdMaterials | 1.62% | 0.87% | 0.87% |
| ICICI Lombard General Insurance Company LtdFinancial Services | 0.87% | 0.94% | 0.87% |
| Aster Dm Healthcare LtdHealthcare | 0.84% | 1.56% | 0.84% |
| Dixon Technologies (India) LtdConsumer Discretionary | 0.71% | 2.11% | 0.71% |
| Apollo Tyres LtdConsumer Discretionary | 1.70% | 0.68% | 0.68% |
| City Union Bank LtdFinancial Services | 0.71% | 0.56% | 0.56% |
| Oracle Financial Services Software LtdTechnology | 0.39% | 1.65% | 0.39% |
| United Spirits LtdConsumer Staples | 1.93% | 0.38% | 0.38% |
| Bharti Hexacom LtdCommunication Services | 0.19% | 2.03% | 0.19% |
| Billionbrains Garage Ventures LtdFinancial Services | 0.18% | 1.32% | 0.18% |
| Total | 38.65% | 40.04% | 29.43% |
Only in HDFC Mid-Cap Fund
56 stocks, 54.3% of the fund
- AU Small Finance Bank LtdFinancial Services3.98%
- Glenmark Pharmaceuticals LtdHealthcare3.07%
- Balkrishna Industries LtdConsumer Discretionary3.02%
- Coforge LtdTechnology2.86%
- Marico LtdConsumer Staples2.29%
- Mahindra & Mahindra Financial Services LtdFinancial Services2.28%
- Aurobindo Pharma LtdHealthcare2.12%
- Cummins India LtdIndustrials1.92%
- Tata Communications LtdCommunication Services1.77%
- PB Fintech LtdTechnology1.69%
Only in Kotak Midcap Fund
45 stocks, 56.4% of the fund
- KEI Industries LtdIndustrials2.95%
- L&T Finance Holdings LtdFinancial Services2.86%
- GE T&D India LtdIndustrials2.42%
- Solar Industries India LtdMaterials2.30%
- Schaeffler India LtdConsumer Discretionary2.22%
- Oberoi Realty LtdReal Estate2.09%
- Bank Of MaharashtraFinancial Services2.09%
- Bharat Electronics LtdIndustrials1.95%
- Global Health LtdHealthcare1.84%
- Swiggy LtdConsumer Discretionary1.64%
Check another pair
More Mid Cap 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.