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32 of 168 unique stocks in common · Jaccard: 19%
A weighted portfolio overlap of 17.81% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.81 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 6.48% in HDFC Flexi Cap Fund and 5.61% in Nippon India Arbitrage 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 | 6.48% | 5.61% |
| Reliance IndustriesPetroleum Products | 2.01% | 1.92% |
| Larsen & ToubroConstruction | 3.55% | 1.45% |
| State Bank of IndiaBanks | 4.22% | 1.35% |
| InfosysIT - Software | 1.32% | 1.28% |
| Bank of BarodaBanks | 0.69% | 2.32% |
| United SpiritsBeverages | 0.72% | 0.60% |
| BoschAuto Components | 1.10% | 0.56% |
| Bharti AirtelTelecom - Services | 2.96% | 0.47% |
| SBI Life Insurance CompanyInsurance | 3.76% | 0.46% |
| Axis BankBanks | 6.84% | 0.38% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.38% |
| Dixon Technologies (India)Consumer Durables | 0.36% | 0.81% |
| HCL TechnologiesIT - Software | 2.47% | 0.26% |
| The Ramco CementsCement & Cement Products | 0.34% | 0.26% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.58% | 0.23% |
| JSW SteelFerrous Metals | 1.72% | 0.19% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.34% | 0.18% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.40% | 0.17% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 0.34% | 0.14% |
| BirlasoftIT - Software | 0.13% | 0.48% |
| Power Grid Corporation of IndiaPower | 2.51% | 0.13% |
| Tata SteelFerrous Metals | 1.30% | 0.10% |
| Dr. Lal Path LabsHealthcare Services | 0.66% | 0.09% |
| Hindustan Petroleum CorporationPetroleum Products | 0.25% | 0.09% |
| TVS Motor CompanyAutomobiles | 0.29% | 0.08% |
| Havells IndiaConsumer Durables | 0.57% | 0.07% |
| CiplaPharmaceuticals & Biotechnology | 2.89% | 0.06% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 1.18% | 0.06% |
| Bharat ElectronicsAerospace & Defense | 0.02% | 1.38% |
| Britannia IndustriesFood Products | 0.77% | 0.02% |
| Persistent SystemsIT - Software | 1.25% | 0.02% |
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.