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19 of 160 unique stocks in common · Jaccard: 11.9%
A weighted portfolio overlap of 24.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.36 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.09% in DSP Multi Cap Fund and 6.64% 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 | 6.09% | 6.64% |
| Axis BankBanks | 3.81% | 5.14% |
| ICICI BankBanks | 5.63% | 3.12% |
| Max Financial ServicesInsurance | 3.31% | 1.72% |
| Mahindra & MahindraAutomobiles | 2.92% | 1.56% |
| Sai Life SciencesPharmaceuticals & Biotechnology | 1.43% | 1.03% |
| ITCDiversified FMCG | 0.97% | 1.27% |
| NTPCPower | 0.87% | 1.73% |
| EmamiPersonal Products | 1.06% | 0.74% |
| Gland PharmaPharmaceuticals & Biotechnology | 2.13% | 0.61% |
| ICICI Prudential Life Insurance CompanyInsurance | 1.90% | 0.61% |
| CiplaPharmaceuticals & Biotechnology | 2.71% | 0.59% |
| Info Edge (India)Retailing | 3.03% | 0.58% |
| ICICI Lombard General Insurance CompanyInsurance | 2.27% | 0.55% |
| Syngene InternationalHealthcare Services | 1.28% | 0.47% |
| IPCA LaboratoriesPharmaceuticals & Biotechnology | 1.63% | 0.43% |
| UTI Asset Management CompanyCapital Markets | 1.65% | 0.26% |
| Indigo PaintsConsumer Durables | 1.33% | 0.19% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.16% | 0.80% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.