HDFC Multi Cap Fund vs Kotak Multicap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
20.4%
Low overlap
Largely different portfolios.
18
Common stocks
80
Only in HDFC Multi Cap Fund
50
Only in Kotak Multicap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
18 common stocks
HDFC Multi Cap FundKotak Multicap Fund| Stock | HDFC Multi Cap Fund | Kotak Multicap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 3.43% | 5.30% | 3.43% |
| Zomato LtdConsumer Discretionary | 2.07% | 3.34% | 2.07% |
| State Bank Of IndiaFinancial Services | 1.85% | 3.89% | 1.85% |
| Bharti Airtel LtdCommunication Services | 2.02% | 1.69% | 1.69% |
| NTPC LtdUtilities | 1.65% | 2.22% | 1.65% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.20% | 4.57% | 1.20% |
| Interglobe Aviation LtdTransportation & Logistics | 1.05% | 1.20% | 1.05% |
| Shriram Finance LtdFinancial Services | 1.20% | 1.02% | 1.02% |
| Tata Communications LtdCommunication Services | 1.13% | 0.99% | 0.99% |
| Larsen & Toubro LtdIndustrials | 0.93% | 1.58% | 0.93% |
| Power Finance Corporation LtdFinancial Services | 0.89% | 2.32% | 0.89% |
| Hindustan Unilever LtdConsumer Staples | 0.81% | 0.92% | 0.81% |
| Bandhan Bank LtdFinancial Services | 0.65% | 0.95% | 0.65% |
| Jubilant Foodworks LtdConsumer Discretionary | 1.03% | 0.59% | 0.59% |
| Ultratech Cement LtdMaterials | 0.89% | 0.54% | 0.54% |
| Whirlpool Of India LtdConsumer Discretionary | 0.46% | 1.00% | 0.46% |
| Mphasis LtdTechnology | 0.92% | 0.36% | 0.36% |
| Reliance Industries LtdEnergy | 2.44% | 0.25% | 0.25% |
| Total | 24.62% | 32.73% | 20.43% |
Only in HDFC Multi Cap Fund
80 stocks, 67.5% of the fund
- ICICI Bank LtdFinancial Services3.80%
- Axis Bank LtdFinancial Services2.45%
- Britannia Industries LtdConsumer Staples2.11%
- Kotak Mahindra Bank LtdFinancial Services1.52%
- PB Fintech LtdTechnology1.43%
- PNB Housing Finance LtdFinancial Services1.34%
- Mahindra & Mahindra LtdConsumer Discretionary1.32%
- ICICI Lombard General Insurance Company LtdFinancial Services1.19%
- Sona Blw Precision Forgings LtdConsumer Discretionary1.17%
- Alkem Laboratories LtdHealthcare1.16%
Only in Kotak Multicap Fund
50 stocks, 63.9% of the fund
- Oracle Financial Services Software LtdTechnology4.05%
- Hero Motocorp LtdConsumer Discretionary3.36%
- Indusind Bank LtdFinancial Services3.32%
- Indus Towers LtdCommunication Services2.96%
- Radico Khaitan LtdConsumer Staples2.44%
- Indo Mim LtdIndustrials2.41%
- Sun Pharmaceutical Industries LtdHealthcare2.31%
- Bank Of BarodaFinancial Services2.16%
- ITC LtdConsumer Staples1.97%
- Kajaria Ceramics LtdConsumer Discretionary1.89%
Check another pair
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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.