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32 of 158 unique stocks in common · Jaccard: 20.3%
A weighted portfolio overlap of 40.91% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.91 is allocated to the exact same companies at the same relative proportions. The schemes share 32 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.18% in HDFC Dividend Yield Fund and 5.10% in Nippon India Equity Hybrid 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 HDFC | in Nippon |
|---|---|---|
| HDFC BankBanks | 5.18% | 5.10% |
| ICICI BankBanks | 4.80% | 5.13% |
| Axis BankBanks | 3.74% | 3.09% |
| Larsen & ToubroConstruction | 2.69% | 3.62% |
| Bharti AirtelTelecom - Services | 2.56% | 2.57% |
| Reliance IndustriesPetroleum Products | 2.35% | 4.19% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 2.02% | 2.98% |
| NTPCPower | 2.00% | 3.04% |
| State Bank of IndiaBanks | 1.89% | 2.58% |
| InfosysIT - Software | 1.72% | 2.94% |
| Tata SteelFerrous Metals | 1.48% | 1.21% |
| ITCDiversified FMCG | 1.18% | 1.67% |
| Hindustan UnileverDiversified FMCG | 1.09% | 1.29% |
| HCL TechnologiesIT - Software | 1.52% | 1.03% |
| SBI Life Insurance CompanyInsurance | 1.96% | 0.98% |
| Coal IndiaConsumable Fuels | 1.31% | 0.90% |
| Hindustan AeronauticsAerospace & Defense | 0.73% | 1.34% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.98% | 0.68% |
| Apollo TyresAuto Components | 0.56% | 0.60% |
| UTI Asset Management CompanyCapital Markets | 0.47% | 1.27% |
| CESCPower | 0.97% | 0.42% |
| Tata Motors Passenger VehiclesAutomobiles | 0.42% | 0.43% |
| LupinPharmaceuticals & Biotechnology | 0.40% | 1.10% |
| Tata Consultancy ServicesIT - Software | 1.33% | 0.39% |
| Tech MahindraIT - Software | 2.12% | 0.39% |
| Mahindra & MahindraAutomobiles | 0.38% | 1.44% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.40% | 0.37% |
| InterGlobe AviationTransport Services | 0.37% | 0.96% |
| Cholamandalam Financial HoldingsFinance | 0.80% | 0.31% |
| CiplaPharmaceuticals & Biotechnology | 1.09% | 0.21% |
| Electronics Mart IndiaRetailing | 0.17% | 0.60% |
| Latent View AnalyticsIT - Software | 0.03% | 0.31% |
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.