Kotak Arbitrage Fund - Direct Plan - Growth vs Invesco India Arbitrage Fund - Direct Plan - Growth Option — portfolio overlap
54.95% of these two portfolios is the same. These two funds hold much the same portfolio. Owning both adds little diversification, and a second fund in the same category is often duplicated exposure rather than a spread bet.
Portfolio overlap
54.95%
Stocks held by both
186
Only in Kotak Mahindra Mutual Fund's fund
16
Only in Invesco Mutual Fund's fund
17
Overlap is weighted: for every stock both funds hold, we take the smaller of the two weights and add them up. So two funds each holding 5% of the same stock overlap by 5 points, not 10. Cash and equivalents (repo, TREPS, receivables) are excluded — nearly every fund holds them, and shared cash is not shared conviction.
Stocks both funds hold— top 25 of 186, by shared weight
| Stock | Sector | In Kotak Mahindra Mutual Fund's | In Invesco Mutual Fund's | Shared |
|---|---|---|---|---|
| Axis Bank Ltd | Financial | 3.51% | 3.46% | 3.46% |
| HDFC Bank Ltd | Financial | 2.85% | 6.00% | 2.85% |
| ICICI Bank Ltd | Financial | 2.47% | 3.42% | 2.47% |
| Reliance Industries Ltd | Energy & Utilities | 1.99% | 2.56% | 1.99% |
| Vodafone Idea Ltd | Technology | 1.66% | 2.41% | 1.66% |
| Bharti Airtel Ltd | Technology | 1.61% | 3.42% | 1.61% |
| Adani Power Ltd | Energy & Utilities | 1.29% | 1.29% | 1.29% |
| State Bank of India | Financial | 1.51% | 1.23% | 1.23% |
| Coal India Ltd | Materials | 1.41% | 1.21% | 1.21% |
| Tata Steel Ltd | Materials | 1.10% | 1.10% | 1.10% |
| Small Industries Dev Bank of India (18/02/2027) ** | Financial | 1.34% | 0.95% | 0.95% |
| Indian Oil Corporation Ltd | Energy & Utilities | 0.82% | 0.86% | 0.82% |
| Indus Towers Ltd | Technology | 0.80% | 1.03% | 0.80% |
| ITC Ltd | Consumer Staples | 1.03% | 0.80% | 0.80% |
| Adani Ports and Special Economic Zone Ltd | Industrials | 0.89% | 0.80% | 0.80% |
| Power Finance Corporation Ltd | Financial | 0.75% | 0.75% | 0.75% |
| Bank Of Baroda | Financial | 0.73% | 0.95% | 0.73% |
| Cummins India Ltd | Industrials | 0.74% | 0.67% | 0.67% |
| APL Apollo Tubes Ltd | Industrials | 0.63% | 0.87% | 0.63% |
| Yes Bank Ltd | Financial | 0.63% | 1.58% | 0.63% |
| GE T&D India Ltd | Industrials | 0.65% | 0.62% | 0.62% |
| Kotak Mahindra Bank Ltd | Financial | 0.93% | 0.58% | 0.58% |
| Hitachi Energy India Ltd | Industrials | 0.55% | 0.84% | 0.55% |
| Canara Bank | Financial | 0.55% | 1.80% | 0.55% |
| IDFC First Bank Ltd | Financial | 0.50% | 1.88% | 0.50% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 212 and 205 holdings respectively — not live positions.