Kotak Contra Fund - Direct Plan - Growth vs SBI CONTRA FUND - DIRECT PLAN - GROWTH — portfolio overlap
25.8% 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
25.8%
Stocks held by both
16
Only in Kotak Mahindra Mutual Fund's fund
44
Only in SBI Mutual Fund's fund
78
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 SBI Mutual Fund's | Shared |
|---|---|---|---|---|
| HDFC Bank Ltd | Financial | 5.31% | 5.13% | 5.13% |
| ICICI Bank Ltd | Financial | 5.54% | 4.32% | 4.32% |
| Reliance Industries Ltd | Energy & Utilities | 2.87% | 4.84% | 2.87% |
| Indus Towers Ltd | Technology | 1.74% | 2.66% | 1.74% |
| State Bank of India | Financial | 3.37% | 1.63% | 1.63% |
| Tech Mahindra Ltd | Technology | 1.78% | 1.57% | 1.57% |
| Axis Bank Ltd | Financial | 2.20% | 1.39% | 1.39% |
| Bharti Airtel Ltd | Technology | 2.49% | 1.23% | 1.23% |
| Maruti Suzuki India Ltd | Consumer Discretionary | 2.25% | 1.17% | 1.17% |
| Tata Steel Ltd | Materials | 1.09% | 2.07% | 1.09% |
| Larsen & Toubro Ltd | Industrials | 2.69% | 0.88% | 0.88% |
| Hindalco Industries Ltd | Materials | 0.79% | 1.14% | 0.79% |
| ITC Ltd | Consumer Staples | 0.59% | 1.88% | 0.59% |
| Infosys Ltd | Technology | 1.48% | 0.58% | 0.58% |
| Hero Motocorp Ltd | Consumer Discretionary | 2.38% | 0.45% | 0.45% |
| Carborundum Universal Ltd | Materials | 0.36% | 0.45% | 0.36% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 62 and 96 holdings respectively — not live positions.