Kotak Contra Fund - Direct Plan - Growth vs Invesco India Contra Fund - Direct Plan - Growth — portfolio overlap
32.39% of these two portfolios is the same. A substantial shared core, which is normal for two funds in the same category — they are drawing from the same universe. The part that differs is what you are actually paying the second manager for.
Portfolio overlap
32.39%
Stocks held by both
19
Only in Kotak Mahindra Mutual Fund's fund
42
Only in Invesco Mutual Fund's fund
59
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
| Stock | Sector | In Kotak Mahindra Mutual Fund's | In Invesco Mutual Fund's | Shared |
|---|---|---|---|---|
| ICICI Bank Ltd | Financial | 6.16% | 6.06% | 6.06% |
| State Bank of India | Financial | 3.37% | 3.16% | 3.16% |
| Larsen & Toubro Ltd | Industrials | 2.54% | 4.86% | 2.54% |
| Bharti Airtel Ltd | Technology | 2.36% | 2.31% | 2.31% |
| Infosys Ltd | Technology | 1.97% | 2.56% | 1.97% |
| Reliance Industries Ltd | Energy & Utilities | 2.74% | 1.90% | 1.90% |
| Indusind Bank Ltd | Financial | 1.52% | 1.96% | 1.52% |
| Global Health Ltd | Healthcare | 1.65% | 1.51% | 1.51% |
| Axis Bank Ltd | Financial | 1.48% | 2.36% | 1.48% |
| Tech Mahindra Ltd | Technology | 2.12% | 1.44% | 1.44% |
| Shriram Transport Finance Company Ltd | Financial | 2.89% | 1.29% | 1.29% |
| Kei Industries Ltd | Industrials | 1.29% | 1.61% | 1.29% |
| Bharat Electronics Ltd | Industrials | 1.51% | 1.24% | 1.24% |
| Swiggy Ltd. | Technology | 2.40% | 1.08% | 1.08% |
| Interglobe Aviation Ltd | Industrials | 1.30% | 0.96% | 0.96% |
| Hindalco Industries Ltd | Materials | 0.81% | 0.87% | 0.81% |
| Ultratech Cement Ltd | Materials | 1.82% | 0.71% | 0.71% |
| Mphasis Ltd | Technology | 2.12% | 0.64% | 0.64% |
| Tenneco Clean Air India Ltd. | Consumer Discretionary | 0.96% | 0.48% | 0.48% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 62 and 79 holdings respectively — not live positions.