Kotak Midcap Fund vs Nippon India Growth Mid Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
31.2%
Moderate overlap
Some shared stocks, different bets.
32
Common stocks
36
Only in Kotak Midcap Fund
66
Only in Nippon India Growth Mid Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
32 common stocks
Kotak Midcap FundNippon India Growth Mid Cap Fund| Stock | Kotak Midcap Fund | Nippon India Growth Mid Cap Fund | Overlap |
|---|---|---|---|
| Federal Bank LtdFinancial Services | 2.76% | 2.80% | 2.76% |
| Fortis Healthcare LtdHealthcare | 3.58% | 2.61% | 2.61% |
| GE T&D India LtdIndustrials | 2.42% | 1.99% | 1.99% |
| Zomato LtdConsumer Discretionary | 1.65% | 2.39% | 1.65% |
| Persistent Systems LtdTechnology | 1.59% | 1.76% | 1.59% |
| Max Financial Services LtdFinancial Services | 1.26% | 1.48% | 1.26% |
| Bharat Forge LtdConsumer Discretionary | 1.25% | 2.05% | 1.25% |
| Dixon Technologies (India) LtdConsumer Discretionary | 2.11% | 1.19% | 1.19% |
| Ipca Laboratories LtdHealthcare | 3.42% | 1.17% | 1.17% |
| Indian BankFinancial Services | 2.34% | 1.12% | 1.12% |
| REC LtdFinancial Services | 0.99% | 2.20% | 0.99% |
| ZF Commercial Vehicle Control Systems India LtdConsumer Discretionary | 1.00% | 0.99% | 0.99% |
| ICICI Lombard General Insurance Company LtdFinancial Services | 0.94% | 1.79% | 0.94% |
| HDB Financial Services LtdFinancial Services | 1.50% | 0.92% | 0.92% |
| Max Healthcare Institute LtdHealthcare | 0.92% | 1.46% | 0.92% |
| Voltas LtdConsumer Discretionary | 0.87% | 1.58% | 0.87% |
| Swiggy LtdConsumer Discretionary | 1.64% | 0.81% | 0.81% |
| Bharat Electronics LtdIndustrials | 1.95% | 0.79% | 0.79% |
| Vishal Mega Mart LtdConsumer Discretionary | 3.11% | 0.74% | 0.74% |
| Schaeffler India LtdConsumer Discretionary | 2.22% | 0.69% | 0.69% |
| Power Finance Corporation LtdFinancial Services | 0.69% | 0.72% | 0.69% |
| Hindustan Petroleum Corporation LtdEnergy | 1.19% | 0.65% | 0.65% |
| Dalmia Bharat LtdMaterials | 1.21% | 0.61% | 0.61% |
| Prudent Corporate Advisory Services LtdFinancial Services | 0.98% | 0.60% | 0.60% |
| BSE LtdFinancial Services | 0.58% | 2.45% | 0.58% |
| Mphasis LtdTechnology | 2.70% | 0.55% | 0.55% |
| Piramal Finance LtdFinancial Services | 1.28% | 0.54% | 0.54% |
| Blue Star LtdConsumer Discretionary | 1.09% | 0.51% | 0.51% |
| Coromandel International LtdAgriculture | 1.53% | 0.44% | 0.44% |
| J.K. Cement LtdMaterials | 1.03% | 0.30% | 0.30% |
| Apar Industries LtdIndustrials | 1.45% | 0.29% | 0.29% |
| Deepak Nitrite LtdMaterials | 1.00% | 0.22% | 0.22% |
| Total | 52.25% | 38.41% | 31.23% |
Only in Kotak Midcap Fund
36 stocks, 44.2% of the fund
- KEI Industries LtdIndustrials2.95%
- L&T Finance Holdings LtdFinancial Services2.86%
- Solar Industries India LtdMaterials2.30%
- Oberoi Realty LtdReal Estate2.09%
- Bank Of MaharashtraFinancial Services2.09%
- Bharti Hexacom LtdCommunication Services2.03%
- Global Health LtdHealthcare1.84%
- Oracle Financial Services Software LtdTechnology1.65%
- Nuvama Wealth Management LtdFinancial Services1.59%
- Aster Dm Healthcare LtdHealthcare1.56%
Only in Nippon India Growth Mid Cap Fund
66 stocks, 60.2% of the fund
- AU Small Finance Bank LtdFinancial Services2.93%
- Multi Commodity Exchange of India LtdFinancial Services2.80%
- Info Edge (India) LtdConsumer Discretionary2.64%
- One 97 Communications LtdTechnology2.00%
- Mankind Pharma LtdHealthcare1.81%
- Varun Beverages LtdConsumer Staples1.72%
- Samvardhana Motherson International LtdConsumer Discretionary1.70%
- Gland Pharma LtdHealthcare1.55%
- Cholamandalam Financial Holdings LtdFinancial Services1.53%
- Bharat Heavy Electricals LtdIndustrials1.44%
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.