Invesco India 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
32.4%
Moderate overlap
Some shared stocks, different bets.
19
Common stocks
52
Only in Invesco India Contra Fund
42
Only in Kotak Contra Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
19 common stocks
Invesco India Contra FundKotak Contra Fund| Stock | Invesco India Contra Fund | Kotak Contra Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 6.06% | 6.16% | 6.06% |
| State Bank Of IndiaFinancial Services | 3.16% | 3.37% | 3.16% |
| Larsen & Toubro LtdIndustrials | 4.86% | 2.54% | 2.54% |
| Bharti Airtel LtdCommunication Services | 2.31% | 2.36% | 2.31% |
| Infosys LtdTechnology | 2.56% | 1.97% | 1.97% |
| Reliance Industries LtdEnergy | 1.90% | 2.74% | 1.90% |
| Indusind Bank LtdFinancial Services | 1.96% | 1.52% | 1.52% |
| Global Health LtdHealthcare | 1.51% | 1.65% | 1.51% |
| Axis Bank LtdFinancial Services | 2.36% | 1.48% | 1.48% |
| Tech Mahindra LtdTechnology | 1.44% | 2.12% | 1.44% |
| Shriram Finance LtdFinancial Services | 1.29% | 2.89% | 1.29% |
| KEI Industries LtdIndustrials | 1.61% | 1.29% | 1.29% |
| Bharat Electronics LtdIndustrials | 1.24% | 1.51% | 1.24% |
| Swiggy LtdConsumer Discretionary | 1.08% | 2.40% | 1.08% |
| Interglobe Aviation LtdTransportation & Logistics | 0.96% | 1.30% | 0.96% |
| Hindalco Industries LtdMaterials | 0.87% | 0.81% | 0.81% |
| Ultratech Cement LtdMaterials | 0.71% | 1.82% | 0.71% |
| Mphasis LtdTechnology | 0.64% | 2.12% | 0.64% |
| Tenneco Clean Air India LtdConsumer Discretionary | 0.48% | 0.96% | 0.48% |
| Total | 37.00% | 41.01% | 32.39% |
Only in Invesco India Contra Fund
52 stocks, 60.1% of the fund
- Mahindra & Mahindra LtdConsumer Discretionary3.06%
- Coforge LtdTechnology2.65%
- Cholamandalam Investment and Finance Company LtdFinancial Services2.62%
- Federal Bank LtdFinancial Services2.23%
- Apollo Hospitals Enterprises LtdHealthcare2.09%
- Glenmark Pharmaceuticals LtdHealthcare2.04%
- Prestige Estates Projects LtdReal Estate2.02%
- TML Commercial Vehicles LtdIndustrials1.90%
- FSN E-Commerce Ventures LtdConsumer Discretionary1.79%
- TVS Motor Company LtdConsumer Discretionary1.73%
Only in Kotak Contra Fund
42 stocks, 57.3% of the fund
- HDFC Bank LtdFinancial Services3.92%
- Hero Motocorp LtdConsumer Discretionary2.62%
- NTPC LtdUtilities2.35%
- Fortis Healthcare LtdHealthcare2.20%
- Maruti Suzuki India LtdConsumer Discretionary2.09%
- Poonawalla Fincorp LtdFinancial Services2.06%
- Park Medi World LtdHealthcare1.74%
- Indian BankFinancial Services1.72%
- Indus Towers LtdCommunication Services1.67%
- Ipca Laboratories LtdHealthcare1.62%
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.