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22 of 154 unique stocks in common · Jaccard: 14.3%
A weighted portfolio overlap of 28.34% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.34 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.13% in DSP Large & Mid Cap Fund and 6.08% in Nippon India Multi Cap Fund. Holding both schemes increases your concentration in HDFC Bank 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 DSP | in Nippon |
|---|---|---|
| HDFC BankBanks | 8.13% | 6.08% |
| ICICI BankBanks | 8.62% | 3.66% |
| Axis BankBanks | 5.81% | 3.17% |
| State Bank of IndiaBanks | 2.79% | 2.49% |
| Max Financial ServicesInsurance | 1.87% | 2.32% |
| EternalRetailing | 1.28% | 1.33% |
| Samvardhana Motherson InternationalAuto Components | 1.58% | 1.17% |
| InfosysIT - Software | 1.41% | 1.02% |
| NTPCPower | 1.02% | 2.20% |
| Larsen & ToubroConstruction | 0.85% | 2.24% |
| ITCDiversified FMCG | 0.80% | 1.92% |
| Power Finance CorporationFinance | 1.08% | 0.63% |
| Container Corporation of IndiaTransport Services | 1.00% | 0.60% |
| Exide IndustriesAuto Components | 0.59% | 0.77% |
| Mahindra & MahindraAutomobiles | 1.65% | 0.57% |
| LupinPharmaceuticals & Biotechnology | 1.36% | 0.49% |
| PfizerPharmaceuticals & Biotechnology | 0.47% | 0.51% |
| EmamiPersonal Products | 0.79% | 0.40% |
| KEC InternationalConstruction | 0.34% | 0.50% |
| SBI Cards and Payment ServicesFinance | 0.30% | 0.84% |
| Dalmia BharatCement & Cement Products | 0.57% | 0.28% |
| AU Small Finance BankBanks | 1.05% | 0.26% |
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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.