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6 of 64 unique stocks in common · Jaccard: 9.4%
A weighted portfolio overlap of 14.15% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.15 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 3.34% in Back to Index and 5.82% in Nippon India Power & Infra Fund. Holding both schemes increases your concentration in Reliance Industries rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in Nippon |
|---|---|---|
| Reliance IndustriesPetroleum Products | 3.34% | 5.82% |
| NTPCPower | 2.97% | 5.76% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.58% | 2.95% |
| Ultratech CementCement & Cement Products | 2.48% | 4.45% |
| Bharat ElectronicsAerospace & Defense | 1.84% | 2.09% |
| MTAR TechnologiesElectrical Equipment | 4.13% | 0.57% |
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.