Kotak Contra Fund - Direct Plan - Growth vs Invesco India Contra Fund - Direct Plan - Growth — portfolio overlap
33.37% 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
33.37%
Stocks held by both
20
Only in Kotak Mahindra Mutual Fund's fund
40
Only in Invesco Mutual Fund's fund
52
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 | 5.54% | 6.30% | 5.54% |
| Reliance Industries Ltd | Energy & Utilities | 2.87% | 3.16% | 2.87% |
| Larsen & Toubro Ltd | Industrials | 2.69% | 5.25% | 2.69% |
| State Bank of India | Financial | 3.37% | 2.62% | 2.62% |
| Bharti Airtel Ltd | Technology | 2.49% | 2.43% | 2.43% |
| Axis Bank Ltd | Financial | 2.20% | 3.89% | 2.20% |
| Bharat Electronics Ltd | Industrials | 1.55% | 1.81% | 1.55% |
| Infosys Ltd | Technology | 1.48% | 3.04% | 1.48% |
| Indusind Bank Ltd | Financial | 1.43% | 1.48% | 1.43% |
| Global Health Ltd | Healthcare | 1.51% | 1.38% | 1.38% |
| Interglobe Aviation Ltd | Industrials | 1.38% | 1.39% | 1.38% |
| Kei Industries Ltd | Industrials | 1.26% | 1.97% | 1.26% |
| Tech Mahindra Ltd | Technology | 1.78% | 1.20% | 1.20% |
| Bank Of Baroda | Financial | 1.05% | 1.27% | 1.05% |
| Ultratech Cement Ltd | Materials | 1.85% | 0.96% | 0.96% |
| Shriram Transport Finance Company Ltd | Financial | 2.81% | 0.76% | 0.76% |
| Hindalco Industries Ltd | Materials | 0.79% | 0.71% | 0.71% |
| JB Chemicals & Pharmaceuticals Ltd | Healthcare | 1.08% | 0.69% | 0.69% |
| Mphasis Ltd | Technology | 1.83% | 0.59% | 0.59% |
| Swiggy Ltd. | Technology | 1.57% | 0.58% | 0.58% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 62 and 73 holdings respectively — not live positions.