Kotak Multicap Fund vs SBI Multicap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
9.7%
Low overlap
Largely different portfolios.
8
Common stocks
60
Only in Kotak Multicap Fund
60
Only in SBI Multicap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
8 common stocks
Kotak Multicap FundSBI Multicap Fund| Stock | Kotak Multicap Fund | SBI Multicap Fund | Overlap |
|---|---|---|---|
| HDFC Bank LtdFinancial Services | 5.30% | 2.89% | 2.89% |
| Maruti Suzuki India LtdConsumer Discretionary | 4.57% | 1.44% | 1.44% |
| Zomato LtdConsumer Discretionary | 3.34% | 1.23% | 1.23% |
| Kalpataru Projects International LtdIndustrials | 1.04% | 1.68% | 1.04% |
| Swiggy LtdConsumer Discretionary | 1.27% | 1.03% | 1.03% |
| Dalmia Bharat LtdMaterials | 0.90% | 1.30% | 0.90% |
| Jubilant Foodworks LtdConsumer Discretionary | 0.59% | 2.22% | 0.59% |
| Shree Cements LtdMaterials | 0.77% | 0.55% | 0.55% |
| Total | 17.78% | 12.34% | 9.67% |
Only in Kotak Multicap Fund
60 stocks, 78.8% of the fund
- Oracle Financial Services Software LtdTechnology4.05%
- State Bank Of IndiaFinancial Services3.89%
- 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%
- Sun Pharmaceutical Industries LtdHealthcare2.31%
- NTPC LtdUtilities2.22%
Only in SBI Multicap Fund
60 stocks, 86.7% of the fund
- ICICI Bank LtdFinancial Services4.15%
- Adani Enterprises LtdMaterials3.44%
- Adani Power LtdUtilities3.39%
- K.P.R. Mill LtdConsumer Discretionary3.36%
- Divi'S Laboratories LtdHealthcare3.28%
- Kotak Mahindra Bank LtdFinancial Services2.57%
- Aether Industries LtdMaterials2.48%
- Jupiter Life Line Hospitals LtdHealthcare2.41%
- Paradeep Phosphates LtdAgriculture2.28%
- Berger Paints India LtdConsumer Discretionary2.23%
Check another pair
More Multi Cap pairs
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- Nippon India Multi Cap Fund vs ICICI Prudential Multicap Fund
- Kotak Multicap Fund vs HDFC Multi Cap Fund
- Kotak Multicap Fund vs ICICI Prudential Multicap Fund
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.