Loading fund overlap…
12 of 152 unique stocks in common · Jaccard: 7.9%
A weighted portfolio overlap of 20.13% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.13 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 4.96% in DSP Multicap 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 | 4.96% | 6.08% |
| ICICI BankBanks | 3.83% | 3.66% |
| Axis BankBanks | 4.06% | 3.17% |
| Max Financial ServicesInsurance | 2.60% | 2.32% |
| ITCDiversified FMCG | 1.17% | 1.92% |
| NTPCPower | 1.10% | 2.20% |
| Gland PharmaPharmaceuticals & Biotechnology | 2.20% | 0.79% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.77% | 0.73% |
| UTI Asset Management CompanyCapital Markets | 1.92% | 0.68% |
| SiemensElectrical Equipment | 1.26% | 0.58% |
| Mahindra & MahindraAutomobiles | 1.56% | 0.57% |
| EmamiPersonal Products | 1.26% | 0.40% |
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.