What does 0% overlap mean?

Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Fund overlap

Axis Nifty India Defence Index Fund vs Nippon India Index Fund - S&P BSE Sensex Plan

Axis MF · Index FundNippon India MF · Index Fund· as on Apr 2026

Weighted portfolio overlap

No overlap

Common

Only Axis

Only Nippon

0 of 30 unique stocks in common · Jaccard: 0%

Common holdings

Axis Nifty India Defence Index Fund and Nippon India Index Fund - S&P BSE Sensex Plan share no common equity holdings in our coverage.

FAQ

How much do Axis Nifty India Defence Index Fund and Nippon India Index Fund - S&P BSE Sensex Plan overlap?: They share 0 common holdings, a weighted portfolio overlap of about 0% (no overlap — no common equity holdings), as on Apr 2026. Information only, not investment advice.
What does 0% overlap mean?: Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Related comparisons

Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.