Kotak Multicap Fund vs Nippon India Multi Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
18.2%
Low overlap
Largely different portfolios.
15
Common stocks
53
Only in Kotak Multicap Fund
84
Only in Nippon India Multi Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
15 common stocks
Kotak Multicap FundNippon India Multi Cap Fund| Stock | Kotak Multicap Fund | Nippon India Multi Cap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 5.30% | 6.64% | 5.30% |
| NTPC LtdUtilities | 2.22% | 1.73% | 1.73% |
| Larsen & Toubro LtdIndustrials | 1.58% | 1.79% | 1.58% |
| State Bank Of IndiaFinancial Services | 3.89% | 1.30% | 1.30% |
| ITC LtdConsumer Staples | 1.97% | 1.27% | 1.27% |
| Swiggy LtdConsumer Discretionary | 1.27% | 1.76% | 1.27% |
| Zomato LtdConsumer Discretionary | 3.34% | 1.05% | 1.05% |
| Aditya Birla Sun Life AMC LtdFinancial Services | 1.18% | 0.97% | 0.97% |
| Sun Pharmaceutical Industries LtdHealthcare | 2.31% | 0.94% | 0.94% |
| PVR LtdCommunication Services | 0.75% | 0.71% | 0.71% |
| Jubilant Foodworks LtdConsumer Discretionary | 0.59% | 1.63% | 0.59% |
| Interglobe Aviation LtdTransportation & Logistics | 1.20% | 0.46% | 0.46% |
| Billionbrains Garage Ventures LtdFinancial Services | 0.54% | 0.38% | 0.38% |
| NLC India LtdUtilities | 1.65% | 0.35% | 0.35% |
| Reliance Industries LtdEnergy | 0.25% | 1.72% | 0.25% |
| Total | 28.04% | 22.70% | 18.15% |
Only in Kotak Multicap Fund
53 stocks, 68.5% of the fund
- Maruti Suzuki India LtdConsumer Discretionary4.57%
- 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%
- Power Finance Corporation LtdFinancial Services2.32%
- Bank Of BarodaFinancial Services2.16%
- Kajaria Ceramics LtdConsumer Discretionary1.89%
Only in Nippon India Multi Cap Fund
84 stocks, 72.8% of the fund
- Axis Bank LtdFinancial Services5.14%
- Infosys LtdTechnology3.43%
- ICICI Bank LtdFinancial Services3.12%
- Samvardhana Motherson International LtdConsumer Discretionary1.77%
- Linde India LtdMaterials1.73%
- GE T&D India LtdIndustrials1.72%
- Max Financial Services LtdFinancial Services1.72%
- Bajaj Finance LtdFinancial Services1.71%
- Mahindra & Mahindra LtdConsumer Discretionary1.56%
- Kennametal India LimtiedIndustrials1.43%
Check another pair
More Multi 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.