# Portfolio overlap — INDIX vs INDY

Comparing **Kotak India Equity Fund** (2026-04-30) and **iShares India 50 ETF** (2026-03-31).

- Shared positions: 11
- Kotak India Equity Fund covered by iShares India 50 ETF: 0.2448934696875740903894911642
- iShares India 50 ETF covered by Kotak India Equity Fund: 0.2448934696875740903894911643

## Kotak India Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ICICI Bank Ltd | 0.073749 |  |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.073065 | ✓ |
| BHARTI AIRTEL LIMITED | 0.047684 | ✓ |
| Bajaj Finance Ltd | 0.040927 | ✓ |
| SHRIRAM FINANCE | 0.040604 | ✓ |
| COGNIZANT TECH SOLUTIONS CL A | 0.033055 |  |
| MAX HEALTHCARE I | 0.032332 |  |
| UNO MINDA LTD | 0.031710 |  |
| MAHINDRA & MAHIN | 0.031130 | ✓ |
| BHARAT ELECTRON | 0.030638 | ✓ |
| ULTRATECH CEMENT LTD COMMON STOCK INR10.0 | 0.029945 |  |
| INTERGLOBE AVIAT | 0.029066 | ✓ |
| MAX FINANCIAL SE | 0.029054 |  |
| ZOMATO LTD | 0.028178 |  |
| VISHAL MEGA MART | 0.027968 |  |
| INDUS TOWERS LTD | 0.027534 |  |
| TATA MOTORS LTD | 0.027419 |  |
| POONAWALLA FINCO | 0.027365 |  |
| TECH MAHINDRA LT | 0.026044 | ✓ |
| AU SMALL FINANCE | 0.025479 |  |
| GODREJ CONSUMER PRODUCTS LTD COMMON STOCK | 0.024654 |  |
| Britannia Industries, Ltd. | 0.024650 |  |
| HDFC BANK LTD | 0.023139 | ✓ |
| GE Vernova T&D India Ltd. INR2 | 0.022424 |  |
| BSE LTD | 0.021664 |  |
| 360 ONE WAM LTD | 0.020474 |  |
| MPHASIS LTD | 0.019079 |  |
| ICICI PRUDENTIAL ASSET MANAGEMENT CO LTD/INDIA | 0.018418 |  |
| BRIGADE ENTERPRI | 0.015466 |  |
| VOLTAS LTD | 0.014890 |  |
| DALMIA BHARAT LT | 0.014193 |  |
| PIRAMAL PHARMA L | 0.013537 |  |
| CIPLA LTD | 0.013131 | ✓ |
| Century Plyboards India, Ltd. | 0.012990 |  |
| SWIGGY LTD | 0.009102 |  |
| ICICI BANK LTD | 0.007593 | ✓ |
| HDFC BANK LTD SPON ADR | 0.007498 |  |
| JYOTI CNC AUTOMA | 0.004152 |  |

## iShares India 50 ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| HDFC BANK LTD | 0.106060 | ✓ |
| RELIANCE INDUSTRIES LTD(DEMAT)DEMATERIALIZED SHS | 0.085940 | ✓ |
| ICICI BANK LTD | 0.081196 | ✓ |
| BHARTI AIRTEL LIMITED | 0.051604 | ✓ |
| INFOSYS LTD COMMON STOCK | 0.041838 |  |
| LARSEN and TOUBRO LTD | 0.038619 |  |
| STATE BANK IND | 0.038289 |  |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 0.034429 |  |
| AXIS BK LTD | 0.030916 |  |
| ITC LTD (DEMAT) | 0.026057 |  |
| MAHINDRA & MAHIN | 0.024798 | ✓ |
| KOTAK MAHINDRA BANK LTD | 0.024518 |  |
| TATA CONSULTANCY VSS LTD | 0.022750 |  |
| Bajaj Finance Ltd | 0.020252 | ✓ |
| SUN PHARMA INDU | 0.017520 |  |
| Kwality Wall's India Ltd | 0.017111 |  |
| NTPC LTD | 0.016520 |  |
| ZOMATO LTD | 0.015679 |  |
| TITAN CO LTD | 0.015334 |  |
| MARUTI SUZUKI IN | 0.015226 |  |
| TATA STEEL LTD | 0.015003 |  |
| BHARAT ELECTRON | 0.013560 | ✓ |
| HCL TECH LTD | 0.013437 |  |
| POWER GRID CORP | 0.012615 |  |
| HINDALCO INDS | 0.012110 |  |
| ULTRATECH CEMENT | 0.011967 |  |
| SHRIRAM FINANCE | 0.011527 | ✓ |
| OIL & NATURAL GA | 0.010354 |  |
| JSW STEEL LTD | 0.009945 |  |
| COAL INDIA LTD | 0.009604 |  |
| ASIAN PAINTS LTD (DEMAT) | 0.009225 |  |
| ADANI PORTS AND | 0.009182 |  |
| BAJAJ AUTO LTD | 0.009159 |  |
| GRASIM INDS LTD | 0.009140 |  |
| BAJAJ FINSERV LTD /INR/ 0.00000000 | 0.008870 |  |
| EICHER MOTORS LTD COMMON STOCK | 0.008525 |  |
| INTERGLOBE AVIAT | 0.008448 | ✓ |
| TECH MAHINDRA LT | 0.008343 | ✓ |
| NESTLE INDIA LTD /INR/ 0.00000000 | 0.007883 |  |
| SBI LIFE INSURAN | 0.007516 |  |
| DR REDDY'S LABS | 0.007226 |  |
| APOLLO HOSPITALS | 0.007192 |  |
| Reliance Strategic Investments Ltd | 0.006930 |  |
| TRENT LTD | 0.006913 |  |
| Max Healthcare Institute Ltd. INR10 | 0.006755 |  |
| CIPLA LTD | 0.006486 | ✓ |
| TATA CONSUMER PR | 0.006195 |  |
| HDFC Life Insurance Company, Ltd. | 0.005979 |  |
| TATA MOTORS PASS | 0.005870 |  |
| WIPRO LTD | 0.005090 |  |


## Sources

- N-PORT (fund A) — accession `0001049169-26-001748` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/915802/000104916926001748/0001049169-26-001748-index.htm>
- N-PORT (fund B) — accession `0001004726-26-003737` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000100472626003737/0001004726-26-003737-index.htm>

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